7 Best Side Hustles For 2020 - 2021
and being an Instagram Influencer, is it just a Side Hustle, or a Profitable business?
With all that happened during 2020, who wouldn’t like to start working from home, or at least earn additional money online?
But, if you already have a full-time job, you might be wondering how you can add to your income without getting another job working long hours for someone else.
The answer? Start a side hustle.
Here I will share everything you need to know about side hustles, how to find your own side hustle, and share a list of my favorite side hustles which I have now turned into my full-time job from home, and I hope you can be inspired to start earning something extra from your computer! Let’s get started!
What Is A Side Hustle?
In the current economy, most people know what “side hustle” means. A side hustle is something you do (on the side) in addition to your normal job. A lot of people start a side hustle to earn a little extra money, but some are able to develop their side hustles into lucrative careers, replacing their full-time jobs and starting a business of their own.
The concept of a side hustle isn’t anything new and the term itself has been around for about 70 years—a lot longer than most people realize.
A side hustle is a way for people to earn more money, giving them economic freedom as well as the freedom to pursue the life they want.
How To Find Your Side Hustle?
A lot of people love the idea of taking on a side hustle to make more money but they don’t know how to get started. Fortunately, it’s really easy to find the right side hustle for you. You need only answer these 3 questions!
1. What Are You Interested In?
What is it that you love doing? If you’re going to be putting hours in working on top of your current job, you’d better pick something you enjoy doing. It takes a lot of time and energy to build a successful side hustle and that time will be much more rewarding if you’re doing something you actually like. Create a list of side hustle ideas based on your skills and interests and pick one. Or, pick your top three and see how they feel before you narrow it down to a single thing.
2. How Much Time Will You Devote to Your Side Hustle?
How much time you really have to devote to your side hustle. We’ve heard of people putting in full-time hours on their side hustles, working before and after their “real” job, until they developed enough business to turn the side hustle into their full-time business or job from home.
The point is that side hustles take time. Be sure to block out time on your calendar to work on your side hustle or it’s going to fall by the wayside.
3. What About Your Day Job?
If you already have a job, you’ll need to make sure that your side hustle doesn’t create a conflict of interest with your side hustle.
If you’re able to start your side hustle while keeping your job—great! Just be sure you don’t let the lines between the two blur. When you’re on the clock for your employer, you should be focused on doing your best job for them and don’t do any work on your side hustle
7 Best Side Hustles to Make More Money from home
Now that you know how to find your side hustle, it’s time to talk about the opportunities. Here are 7 of the best side hustles to make more money in any economy.
1. Become an Influencer
Have you ever wanted to be famous? With the rise of influencer marketing, you can! And, influencer marketing is a chance to earn a really good income.
Instagram is probably the most popular platform for influencer marketing, so if that’s the platform of choice for your target audience, you might want to consider becoming an Instagram influencer. Once you start posting and building a following, you’ll be able to earn money on Instagram by monetizing your account through sponsored posts, selling products, or Instagram takeovers.
The amount you can earn as an influencer depends on things like audience size and niche.
Let me be honest, you will need to get creative in order to combine and turn your passions into your niche.
There’s a lot of talk about the rise of micro and nano-influencers. And there’s reason for it: Micro-influencer campaigns work. A survey of influencers across tiers and platforms finds that nano-influencers (less than 1,000 followers) have a seven-times higher engagement rate than mega influencers (more than 100,000 followers). Measurements like these are why the number of micro-influencer campaigns have increased by 300% since 2016.
Social media is also a lot more accessible for new creators. The popularity of “fast” video formats like TikTok and stories remove the barriers of the feed aesthetics. Creators no longer need an expensive camera, photoshop skills to produce quality content. There’s just as much appetite, if not more, for real and original material that anyone with a smartphone can make.
More advertiser dollars and direct revenue streams have made influencer careers for low-income creators not only viable, but lucrative. At the same time, brands are keen to promote diversity and authenticity through their partnerships. Different brands are proud to describe their influencer squad as “unique, unfiltered, sorry-not-sorry storytellers.” And there’s increased demand for brands to celebrate original creators over imitators.
Fewer barriers to attaining social stardom also means more competition. Influencers have to work incredibly hard to keep their audience constantly engaged.
To be successful on Instagram and other Social Media platforms, you’ll need to post consistently, and have original, authentic content.
2. Start Tutoring or Teaching Online
Many people start a well-paying side hustle by teaching English online but it’s definitely not the only thing you can teach or tutor. There are several online teaching platforms that specialize in course creation or even simply pairing you with adults or children who need tutoring help—no teaching degree required. According to the online teaching platform Outschool, teachers can create courses for children from kindergarten through twelfth grade on nearly any topic. Before you can start teaching, you’ll need a background check (naturally) and your course has to be approved.
3. Start Blogging
Blogging is the side hustle with the highest earning potential. And, you can get started even if you only have a few minutes a day to devote to your blog. As a professional blogger, you get to decide when you work, what you write about, and the methods you want to use to monetize your blog.
It’s also cheap to get started with blogging. There are plenty of free sites available but we really recommend looking into something like WordPress with Bluehost so you can get your own custom domain and don’t have to worry about another company’s branding or advertising showing up on your site.
4. Become a Virtual Assistant
If you love organizing things and keeping businesses running, starting a side hustle as a virtual assistant is a great idea. Virtual assistants do everything you’d expect from an office assistant, administrative assistance, or executive assistant—writing and responding to emails, scheduling appointments and managing calendars, maybe even some light bookkeeping. The difference is that virtual assistants do it all remotely.
You can find virtual assistant roles on freelancing sites like Fiverr and Upwork.
5. Start Freelancing
Businesses all over the world are looking for freelancers for just about any marketable skill you can think of. If you do web design and development, photography, video editing, graphic design, social media management, writing, or any number of things, you can start a successful side hustle as a freelancer. A big upside of freelancing is that it can be done online much of the time, making it a flexible option you can work into your regular schedule.
Freelancers own their own businesses and with that comes the responsibility of marketing yourself and finding your own clients. You can find clients on Upwork, Fiverr, Freelancer, and even traditional job sites.
6. Become an Affiliate Marketer
Affiliate marketing earnings vary from nothing to quite a hefty bit.
There are affiliate marketing programs for nearly all niches. Some of the more popular affiliate programs are in these niches:
- Web hosting
- Finance and credit cards
- Beauty and makeup
And, since companies offering affiliate marketing programs want to help you earn them more money, many of them already have creative assets you can use to market their products. That means you save the time it takes to create free tools and lead magnets.
7. Create an Online Course or Sell Information Products
Creating an online course or selling information products takes some research. But, if you’re really good at that, why not take advantage and earn some money for it? You can either pick a topic you’re passionate about and knowledgeable in to create your own online courses and information products or you can position yourself as a freelancer who creates those products for others.
Online courses can come in several different formats like webinars, full-fledged online courses with different modules and assignments, or even just an email drip campaign. For information products, you also have several different options like eBooks, reports, templates, and more.
The amount of money you can make with online courses and information products really depends on your niche, your marketing, and several other things.
Start a Side Hustle to Meet Your Financial or Personal Goals
There you have it! These are my 7 favorite Side Hustles that helped me quit my full-time job this year and start working from my computer. AND I love it!
It all depends on what you really enjoy doing, and for me, I do believe that being an Instagram or Social Media Influencer it’s the most demanding but fulfilling side-hustle, as it’s where I can combine my passion for the services and brands I love, while staying creative.
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Digital Marketing Expert | 9to5 escapee
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