What Are The Best Side Hustle Ideas In 2024?
Making The Choice Of A Side Hustle
If you work on a side hustle long enough, it could evolve into a profitable full-time career.
When trying to decide if a side hustle is something you can do good long-term, check if it aligns with your interests, how much impact it has on your finances and how much time at your disposal for it.
On the days when you have little energy to spare, if your side hustle is something you have passion for, it’ll be easier to work up the needed energy for it.
Say you’re interested in crocheting, after you’ve had a long day, you’ll be able to spend time doing it without feeling left out of the latest movie you’d have otherwise opted for. You can also sell what you make on marketplaces like Etsy, Amazon etc.
Will the side hustle generate any income?
As expected in any business model, you’ll need to put in time into your side hustle in order for it to bring you income.
If you’re able to find something with a demand, you’ll make sales. For example, selling crocheted sweaters on Etsy.
After you’ve done this a while, look into your hustle and see if it’s profitable and worth your time and efforts invested.
Does your schedule allow for the side hustle?
Using the above example of crocheting, you can indulge in your passion while spending time your family in the evenings after work, because it’s something that excites you.
As one with a packed schedule, picking a flexible side hustle allows you break tasks into smaller bits that can be achieved at spare times.
Is the Side Hustle Passive or Active?
Different side hustles require various degrees of personal involvement, and even passive income models require some time and effort to get started and make something of it.
For instance, social media management requires more time and effort than pet sitting.
Here’s 8 Profitable Side Hustles For You in 2024
Start a YouTube channel
YouTube has a massive audience of about 2.7 billion users, who spend countless hours on the platform. You can plug into this income stream by creating a channel, and joining the YouTube Partner Program, which lets you earn money from ads that are displayed on your videos.
You should note that it takes time and active effort to grow your channel and make it profitable, hence you can incorporate other ways to monetize channel content apart from ads.
For example, brand partnerships, affiliate marketing, selling merch, etc.
Sell Digital Products
Digital products are items that only exist in soft form such as videos, digital art, downloadable PDFs. You could learn skills or use the ones you already have to create digital products.
These could be coloring books, design templates etc. You could sell these on marketplaces or social media.
Online Tutoring
The online knowledge market is quite rewarding, with online platforms like Preply, Cambly, LearnToBe, TutorOcean, it’s easier to teach online and get paid. Both students and professionals are tapping into this by offering homework help, tests and quizzes etc.
If you want to be profitable while tutoring online, you should think about creating online course around the subject you’re more skilled at. This might require some time and effort but is very rewarding once you have it running.
Podcasting
Podcasts, just like social content creation and blogging, is one common way to generate income online. Audiences for this niche keep growing yearly.
Podcasting doesn’t necessarily require an expensive budget for equipment. Most times, all that’s required is a decent podcast microphone and recording platforms such as Spotify or audacity which are easy to use.
As your podcast grows, you can embed ads or attract sponsorships that generate income for you.
Print-on-Demand
If you have design skills, then apps like Printify, Gooten, Printify, Shopify etc are your go to for easy design, sales and payment processes.
This business model is low risk and gives you creative freedom to upload you designs and have them on different items such as shirts, mugs, stickers etc and they do not require you making any initial large scale purchases.
Digital Marketing
Digital marketers are always in demand with the advent online businesses. Individuals or companies are constantly in the market for advertisers, social media handlers, search engine optimization experts.
You can bid for these gigs by getting on freelancer platforms like Upwork and Fiverr.
Sell Your Photos
Large photo databases like Getty Images, Shutterstock, Pexels are always in the market for photos to buy that can be used for campaigns and on websites for content. You can also your photography as print-on-demand items such as mugs, stickers, wallpapers etc.
It is important to craft a portfolio to showcase your photography. This could be hosted on a website or social media.
Transcription or Translation
A transcriptionist is one whose work is to convert audio or video files from clients into texts. These files could be audio recordings of meetings, classes, or phone calls, hence good hearing ability is required as well as expert typing skills.
Such jobs can be found on GoTranscript, Rev, Fiverr etc
