Last Updated on April 26, 2024 by Dennis
Turn Your Spare Time into Cash: 6 Side Hustles You Can Start Today
Want to boost your income? Putting an extra $500 in your pocket each week can change your life.
Here are six side hustles you can start in your spare time to make that happen:
1. Affiliate Marketing
- Partner with brands to promote their products or services.
- Earn a commission whenever someone buys through your unique affiliate link.
- Choose a niche you’re interested in (e.g., technology, sports, fitness, make money online).
- Find relevant affiliate programs (Amazon Associates, CJ Affiliate, WarriorPlus, etc.)
How to Succeed:
- Build an Audience: You need people to share your links with! Create great content through a blog, social media, email list, etc.
- Be Trustworthy: Only promote products you genuinely believe in.
- Provide Value: Don’t just spam links. Share helpful reviews and insights.
Example: A tech blogger might write a review of the latest laptop and include their affiliate link. If someone reads the review and buys the laptop, they earn a commission.
2. Sales Funnel with Info Products
- Offer a free lead magnet to attract potential buyers.
- Promote a low-priced “tripwire” product (~$10).
- Guide customers through a funnel with higher-priced offers ($100+).
- Sell multiple products at different price points throughout.
How to Succeed
- Solve a Real Problem: Create products that address your audience’s needs.
- Create High-Value Lead Magnet: Offer something enticing for free.
- Nurture Leads: Build trust with your follow-up emails.
3. Fixed-Term Membership (FTM) Site
- Set up a limited-time membership site (e.g., 3 or 6 months).
- Members pay a monthly fee.
- Deliver content in an automated way.
- Earn additional income by promoting products and services to your members.
How to Succeed:
- Choose a Profitable Niche: Focus on a topic with a paying audience.
- Provide High-Quality Content: Offer members real value.
- Promote Your Site: Use social media, guest posts, and paid ads.
Example: Sell 100 memberships at $20/month for $2000 in monthly income.
4. Online Shop
- Sell physical products on platforms like Etsy, CafePress, or Zazzle.
- Design merchandise related to a niche (e.g., dogs, humor, inspiration).
- Set your own prices, while the platform handles the rest.
How to Succeed:
- Focus on a Niche: Don’t try to sell everything. Specialize!
- Create Eye-Catching Designs: Make your products stand out.
- Market Your Shop: Use social media and consider targeted ads.
Example: Sell a mix of products weekly, such as t-shirts, stickers, and mugs, to reach your income goal.
5. Flip Physical Products
- Find discounted items at sales, thrift stores, Craigslist, etc.
- Resell these items quickly for a profit on eBay or Craigslist.
- Look for in-demand items around holidays or doorbuster sales.
How to Succeed
- Know Your Market: Understand what sells well and at what price.
- Find Reliable Sources: Build relationships with discount/resell stores.
- Price Competitively: Don’t try to charge more than the market allows.
6. Offer a Service
- Use your skills (writing, design, development, etc.) to freelance.
- Find gigs on platforms like Elance or Upwork.
- Build a sample portfolio and try offering discounts to your first clients.
How to Succeed:
- Specialize: Focus on a specific skill set.
- Build a Portfolio: Showcase your work, even if it’s pro-bono at first.
- Network: Connect with potential clients on and offline.
It’s Possible!
An extra $500 a week can be life-changing. Pick a strategy that interests you and start taking steps to make it happen.
Check out this free training that will help you get started.