Finding online side hustles that actually work (2019)
If you want to identify online side hustles that actually work its’ best to look at those categories which have stood the test of time online. So what are those categories?
Research has shown there are five main categories which have proven successful for people to start their own side hustle.
This is by far the easiest and cheapest category to start because you don’t need to create your own product because it’s you. Search for freelance sites, there you’ll find they have hundreds of mini projects or task-based work (often referred to as ‘gigs’) that you can pitch for. All you need to do is to find the gigs that match your own skills and submit your proposal thereby getting people to pay for your services.
Affiliates, partners, joint ventures.
This is an almost free online side hustle, again because you don’t need your own product. Affiliation, partnering or JV ’s is all about promoting others’ products that you know and trust. Although you don’t need to develop a product you will need to build an audience, most likely through social media, blogging or review sites or videos so that people will act on your recommendation.
Unless you live on a desert island, almost everyone knows about e-commerce. In its simplest form it’s opening a retail business online. There are many courses that you can invest in, there’s also an abundance of free tutorials and online courses available if you know where to look.
One of the main issues of running an e-commerce business is managing all the various parts of the business such as branding, marketing, getting products to the customers, and keeping control of stock to name but a few.
Sites like Amazon and Shopify make this look easy and when you scale up your e-commerce business it’s possible to automate pretty much the full end-to-end business model.
Courses and programs.
Information products can be a great side hustle that over time can become your full-time income stream. It takes time to be established and it’s important your potential customers recognise and associate you as an expert in the information you are promoting.
Your course should demonstrate and deliver the solution that your audience struggles with. Get this right and you will have an evergreen source of income.
SAAS or software as a service is essentially the development of a software application that can be used offline or online. It’s a program that helps to solve a problem or help to leverage specific other resources.
A great example of a SAAS is Sumo, which helps solve the problem of generating leads for businesses. The hardest part of running a SaaS business is to stay competitive because frankly, anyone can just copy your software idea nowadays.
These are the main categories where you will find a good audience reach for your side hustle. They each require different resources, skill sets, and experience.
If you haven’t yet decided on your side hustle but want to make money from it quickly. Then the easiest one to start will be offering a service or services, by way of Gigs.
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Till next time…
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