A side hustle is a way to make passive income other than your 9 to 5 job. It allows you to make extra money that’ll help you to fulfill your needs or want and will decrease your financial worries.
Top 6 side hustles to earn a passive income
1. Start a Dropshipping Business
Dropshipping is one of the best side hustle to earn a good passive income. It allows you to sell a product to the client while not having to shop for any inventory. You don’t invest any cash to shop for merchandise, keeping your risk low. The manufacturer not only carries the inventory however he also ships it to the client for you. Your main focus: selling and client service – the main terms of the business. If you’ve got a good selling background and wish a side hustle that plays to your strength, this is it. You get to be the owner of your own business.
2. Do freelance writing
Freelance writing, allow you to earn money performing from home. a freelance writer as a side hustler can make an extra $600 – $2000 a month, depending on the quality of their articles and how many articles they can write in their spare time. if you’re a beginner, you should focus on your portfolio and skillset by platforms like Fiverr or Upwork.
3. Affiliate marketing
Affiliate marketing is cheaper and sometimes free of cost, you can use social media to promote it. It is simple, you don’t need to have a product, you just need to promote the product, and you don’t have to deal with customer service. The best part is it’s great for passive income, your commission will keep coming as long you get the right affiliate product. It is one of the best side hustle to earn money online by promoting products on different platforms and earning a commission.
4. Start a blog
Blogging is not as easy as it looks, but it is also not so tough. If you do enjoy your work, it’s easy. And it is one of the best side hustle to earn money, you only have to know how to make a blog and anyone can do it.
There are some points you should keep in mind while making a blog-
1. You should know what content you want to write about.
2. What community of people will enjoy that type of content.
3. Be creative.
4. Write what your inner voice is saying naturally.
5. Make yourself an expert in your work.
5. Become an Instagram influencer
Instagram being one of the emerging social platforms can be a good choice to earn money. Instagram can help you to earn good passive income by doing influencer marketing. Everyone dreams of being famous. But not everyone knows how to sing, dance or act. But in spite of this all, you can still make a personal brand. You can build an Instagram following by your photography, or by showing your fashion sense or any other skill. You can monetize your Instagram account in many ways: sponsored posts, Instagram takeovers, or selling a product on your website.
The average influencer earns between $100-$300 a post. This varies according to your audience size.
6. Sell an Online courses
Create an online course on platforms like Udemy or Teachable and make your skills help you to create a good income. The time you invest in your course could make a side income by creating courses that give you a fabulous amount of value.
Some key points you should remember while creating an online course-
1. Choose the topic you are passionate about and want to share with the world.
2. What customer would you love to work with?
3. Reach out to your dream customer