10 Ideas You Should Consider For Making Money on the Side

10 ideas you should consider for making money on the side

Are you interested in making more money this year? Or are you tired of the monotony that comes with carrying out the same job description every day? If yes, you do not need to resign from your present position. Rather, what you need to consider is how to start making money on the side. You probably might have heard about certain side jobs at one time or the other. But due to reasons like time constraint, limited funds, and many others, many of us feel such jobs aren’t for us. Have you ever wondered why making money on the side is still very much popular especially among entrepreneurs? The reason is not far-fetched. Most of them are not engaged in those side jobs you consider as arduous. Instead, they are involved in ventures that afford them convenience, comfortability and reasonable returns on their investments.

If you are interested, most of these jobs aren't big deals. They are readily available, cheap to start and very attractive. Not convinced? Below are some of the best ways you can make supplemental incomes:

1. Blogging

How to make money with blogging

One of the most popular ways of making money these days is blogging. If you are the type that enjoys writing or relating your knowledge to a large audience, we think you should consider blogging as a side job. If you have limited free time, blogging also allows you to post contents at your convenience. You will only need to ensure that you maintain rhythm in the time in which you post. Your success in blogging also depends on how well you can satisfy your readers' needs. Thus, it is necessary for you to understand your blog visitors' needs and meet them accordingly. However, when starting up a blog, we implore you to be mindful in choosing a niche. Ensure you choose a niche based on your interests and not on popularity. Your blog doesn’t necessarily need to be in a popular niche to be successful. You can also look up tons of articles on blogging that are available on the internet.

2. Freelancing

You probably have one or more skills that someone else would willingly pay for.  With the right skills, you can work online as a freelancer and make as much as $1,500/month. Cool, isn't it? A freelance business offers you variety. If you are a good writer, you will get paid writing blog posts, site contents, or even editing work for others. If you are highly skilled in web or graphic design, you could also make serious cash putting your dexterity to work. Other skills that can fetch you freelance work include animation, affiliate marketing, photography, data entry, and much more. If you are interested in freelancing, you should consider registering on sites like FreelancerUpworkFiverr, and more.

3. Sharing Economy

A sharing economy is all about supporting and participating in collaborative consumption. For example, you can support Uber by renting out your car to the company. You can also rent out your sailboat on Sailo, your bike on Spinlister or your camera equipment on Cameralends. For every transaction you take part in, you will earn yourself few bucks. You won't be alone in this, as 19 percent of American adults have engaged in one form of sharing economy transaction or the other according to PwC.

4. Owning Food Trucks

Make money with food trucks

One of the most promising industries in recent times in America is the food truck industry. Over the last few years, a lot of Americans have joined the business. Asides the fact that it is very lucrative, the food truck business is inexpensive to start and does not need to be started from scratch. Additionally, the venture is profitable across the country and isn't strapped down to a single location. You won't also need to fear sudden failure, as the industry is expected to rise above $985 million in value by 2019. Your best option when starting out is buying off any established food truck business available for purchase. In a few years, we bet it might even overtake your primary job with respect to ROI. 

5. Tutoring

You probably know something worthwhile to teach others. If you do, why not consider tutoring? This will bring you extra cash working just a few hours a week. You also get the chance to make positive impacts on the lives of different individuals. Aside from this, you wouldn’t need to expend a lot of effort looking for students as there is always someone somewhere interested in learning something. Ask the internet. Social media is a handy tool to find clients.

6. Downloading Apps

Although you are not likely to earn a living from downloading apps, it will avail you the chance to make few extra bucks every month for partaking in interesting tasks. Some apps like Swagbucks pay you for taking surveys. Others like Stash pay you $5 for investing. Ibotta pays you for taking pictures of your receipts while you get paid by Media Insiders for watching television online. Still, some others pay you to download the app and leave it on your phone for a given period of time.

7. Investing in Real Estate

We do not think that anyone needs to be told how profitable an investment in the United States real estate industry is. With real estate, you will be able to avoid unforeseen bankruptcy. Sites like Realty Mogul allow you to be a commercial real estate investor for as little as $5,000. It is advisable to look into the venture now that the United States housing market is looking healthy for the foreseeable future.

8. Investing in Bitcoin

The year 2016 was a very impressive year for bitcoin traders. So far this year, the cryptocurrency industry led by Bitcoin does not seem to be receding in its growth. In fact, it is predicted by some financial experts that the value of bitcoin will rise as much as 40 percent within the next year. We think there is no better time for you to consider investing in bitcoin than now.

Either you run the day or the day runs you.

9. Handicrafts

If you are very skilled with your hands, you can as well start making money from it. Whether your skill is in soap making, knitting, carving, metal-forging or any other handwork, the United States offers a vast and buoyant market for your products. Aside from the assurance of monetary gains, you will also be able to make your passion come alive.

10. Affiliate Marketing

If you are great at making a sale, you can start making money on the side as an affiliate marketer. All you have to do is promote other people's products. For every product you market that leads to a sale, you will earn a commission. One of the beauties of affiliate marketing is that you won't have to invest the time and effort to create a product to sell. All you need is to have a platform to market the available product. However, to be successful as an affiliate marketer, we recommend that you only promote the products you are familiar with. Some of the most common affiliate websites you can register with include Amazon Associates, Click Bank, and Wealthy Affiliate.

 

IN A NUTSHELL

While we think the ideas listed above are worth considering as side jobs, we strongly advise against quitting your present business for any of these jobs. Even if you intend to do so, you should take your time to test the waters before making your final decision. We are also of the opinion that you shouldn’t limit yourself to this list. There are other business ideas on the cyberspace you can read up. The most important thing to consider when making a choice is which of the ideas align with your interests and how much convenience such an idea will offer you. All in all, we advise you to be very patient in choosing a side hustle.


About The Author:

Lars Bekel is the founder of Dreamers Ambition.

Lars his mission is to motivate and inspire you on your road to success.

But great things in business are never done by one person, they are done by a team of people.