People start side-hustles for all sorts of reasons. Ideally you’ll find something you love doing that can either help support you financially and/or provide a passive income but if you’re stuck on ideas on what or where to get started then we’ve listed 7 side hustles that virtually anybody can do.  

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  1. Gig work

This really can be anything from tutoring to tour guiding to delivery services. The point is there are plenty of options out there if you’re looking for flexible work to make an extra income. The idea is to find something that will allow you to maximise on the amount of money you get for your time.  If you’re a writer, PA, artist, copywriter, animator, engineer, graphic designer, logo designer, web designer, translator, transcriber or developer (and the list goes on) you can put your services up for hire on sites like UpWork and Fiverr.  If you have a driving licence you might also consider becoming an Uber driver though it may not be the most rewarding or if you’re not sure what skills you have to offer becoming an insider on Vayable means you can make money showing people around your local area.

You can browse to get an idea of what skills people are advertising and what other freelancers rates look like to determine what’s an acceptable amount to charge. There are also other options, like becoming an Uber driver which offers the flexibility to work around hours that suit you but again, make sure you first know the value of your time to assess if it’s really right for you.

 

  1. Affiliate Marketing

If you have an audience on any platform, (i.e. blog, YouTube, Instagram, Twitter or Facebook) then you might want to read up on Affiliate Marketing. This involves referring your audience to buy products online and earning a small commission on each sale. (Find out more here.)

Affiliate marketing is one of the easiest ways to start making passive income but since the commission is often small it helps if you have a large following. This part is not so easy, so you might want to invest some time understanding and growing your audience before getting started.

If you think you’re ready to give it a go then one of the best ways to get started is to join an affiliate network. There are many of these networks available, some only work with specific companies such as Amazon or Apple, others specialise in a particular type of product or service and some companies run their own affiliate programme. Picking the right affiliate network is very important and all depends on your audience, what they might be interested in and what types of products/services you feel comfortable selling. You can find out more about the Top 10 Affiliate Networks 2018 here.

 

  1. Rent it out!

By now we’ve all heard of AirBnB and probably used it too! So it’s a no brainer to say that if you have a spare room, rent it out! Although we’re not just talking about property here. If you have gadgets that you don’t use regularly like photography and film equipment, projectors and screens, storage units, home, office or garden tools –  and just about anything else – then you can probably rent it out on FatLama.

 

  1. Dropshipping

Dropshipping is a great way to start generating an extra income if all you have is a laptop / desktop, some spare time and as little as £100 to get the ball rolling. It’s basically just a business model with a supply chain management method that allows the retailer to do away with stock handling. Instead customer orders and shipment details are transferred to the wholesaler / manufacturer. Retailers profit on the price markup of goods.

There are different variations of this model but this is the general premise. A good example of this would be retailers on Shopify that might dropship from online wholesalers such as AliExpress.com.

Knowing which platform to set up shop with and how to source products can take a bit of research. It’s important you pick one your comfortable with as each platform has its own set of algorithms that ultimately determine how your listings perform. The potential to earn from this can be huge but you’ll have to be dedicated. If you’re interested in getting started on this you an find guide from other drop-shippers on YouTube.

 

  1. Setting up shop.

Got a product? Ebay, Amazon and etsy are just some of the more popular platforms that all allow you to set up a shop and start selling your own products. Setting up an online shop is a great way to test a product and simultaneously build brand awareness without breaking the bank.  

If you’re handy at crafts or make digital products then you can potentially turn your hobby into an income on Etsy. Here, you can find anything from handmade soaps and cosmetic products to Jewelry, toys and vintage pieces. A good is example is of someone we know who makes homemade body butters and sells them on Etsy, if you’re curious, check out Olive Roe.

You can sell almost anything on Ebay and Amazon but depending on your objectives you might want to select your platform carefully. You’ll need to consider fees and integrations with other platforms. For example, Shopify and Amazon are both great options if you’re considering private labelling (which we talk about in the next section). Shopify has the added benefit of integrations with various marketing platforms while Amazon’s FBA programme takes care of shipping logistics for you.

There are many more sites to choose from but this one really depends on you identifying your product / niche first. There is virtually nothing you can’t sell online. Just leave a comment below if you want more information on getting started or sign up to become a member if you’re interested in getting a consultation.

 

  1. Private Labelling

Private label products are manufactured by a third party and sold under a retailer brand name. If you’re looking to crack into a niche, you can build your brand on a private label product and expand from there and there’s almost nothing that you can’t stick a private label on. Yet again, we advise selecting your product carefully – it needs to make sense for you. Then do some research to find the best platform. Let us know if you want to learn more.

 

  1. Trading/Investing

Trading may not be an option you can take up immediately if you have no experience. It requires you to have some throw-away money saved up, risk management skills and an understanding of your own financial attitude/ risk appetite.

When it comes to trading, it’s all about buying and selling. You can buy and sell financial instruments such as stocks, bonds, commodities and various derivatives but even you have experience it’s definitely not for the faint heart-ed or for those who cannot afford the risk  (i.e. you already have your finances sorted so that losses made while trading won’t affect your life dramatically).

If you’re an absolute novice then you can read up here to find out more about the types of trading you can get into.

If you’re looking to go down a hard-core trading route then you’re probably looking at Forex (Foreign Exchange) Trading but if you’re looking for more of a long-term investment rather than through-and-through trading then you’ll probably consider the stock market. For this apps like Plus500 (downloadable on mobile devices) allow you to set up a dummy account with fake credits to build up your skills before investing real money but make no mistake – you’re on your own.

Alternatively, if you’re looking to strictly invest (not to trade) Nutmeg is wildly popular and highly successful platform for beginners. We’ve included a link for you to find out more.

 

As with everything in life, to really reap the rewards you must work hard and stay consistent. Signing up to any of the sites mentioned above won’t be enough to start earning you money. You’ll need to do some research and learn. If you’re interested in learning more about any of the hustles above or becoming a member make sure to sign up and get in touch.