Are these the 5 best side hustles out there?
Would you like to earn some extra money by doing a part-time job? You might want to set up an emergency fund, pay off debts, or even invest. If so, there are literally hundreds of things you can do. However, not all sideline activities are created equal, and it is important to separate the good from the less good.
Tide, a UK fintech company, has identified five sideline jobs that they think are worth trying. Each is simple and doesn’t take up too much time, but can really make a huge difference to your finances.
Five top side hustle ideas
Do you have special skills such as web design, article writing, or transcription? Do you have access to a computer and the internet? Then you might be able to supplement your income by doing self-employed part-time work. Sites like Fivver and Upwork offer a wide variety of freelance jobs for almost all skills.
The best thing about freelancing is that you can work wherever and whenever you want. You can also choose the type of clients and projects you are working on.
2. Virtual assistant
Virtual assistants are typically hired by busy executives or business owners who need help with everyday tasks. This can include invoicing, social media management, proofreading, answering customer inquiries, sending emails, etc. Like freelancers, virtual assistants can do the work remotely and from anywhere in the world.
If you believe you have the skills, there are numerous job boards and resources online to help you find this type of position. VANetworking.com is an example. You can also create your own website to promote your brand or market yourself on platforms like LinkedIn.
Blogging is the online self-publication of content. Blogging is mostly about building a personal brand using topics that you are passionate about or experienced in. This can include travel, fitness, marketing, and business.
The key to success here is to write content that is relevant to your audience or that is solution-oriented.
To start a blog, you need a website. One way is to buy a domain name and then design your own website. Alternatively, you can use platforms like WordPress, Squarespace, or Wix that will make the web design and publishing process easier for you.
4. Dog walk
If you love dogs, doing a sideline as a dog walker can be a great way to make extra cash while getting some exercise at the same time.
With half of all adults in the UK owning dogs and most of them having to work all day, going out with dogs is a service that is in greater demand than you might think.
These days there are apps and websites like Rover and Pawshake that you can use to market yourself and potentially attract customers. Alternatively, you can do it the old fashioned way of handing out flyers in your neighborhood to promote your service.
5. Affiliate Marketing
In affiliate marketing, you are essentially paid to drive traffic to a specific website through unique affiliate links. These affiliate links can be placed on blogs, emails, social media posts, etc.
The amount of money you can make is greatly influenced by the niche you choose as well as the number of providers in that niche. Hence, it is best to choose a niche with many product vendors (e.g. eBooks) to increase your chances of making money.
Useful tips for every sideline
When it comes to choosing your sideline, it’s important to choose something that you really enjoy. You will be more motivated to take on your sideline and increase your chances of success if you enjoy it.
Remember, there are days when you have to work in your side business when you are physically tired or mentally exhausted from your regular job. So your side appearance has to be something that you don’t fear and that you actually look forward to.
In the same breath, seriously consider how much time you can spend on your sideline. Since it’s something you do alongside your regular job, the last thing you want your sideline to interfere with your main source of income. Because of this, it is important to find something with flexible hours or to adapt to your existing schedule.
Don’t forget about taxes. If your ancillary income exceeds Â£ 1,000 a year, you must inform HMRC and submit a self-assessment tax return.
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