There’s a great potential for side hustle to make you a lot of money. Some lucrative side gigs can generate six-figure paychecks, providing opportunities to earn extra cash and more money. All it takes is picking the right one and putting in the work. We’ve put together 15 side hustles that can shoot your income to the six-figure range.
Earning money online is hot right now. And creating and selling online courses can put a lot of money in your pocket. You can sell it on your website or platforms like Udemy or Coursera. Online courses can range from how to finance a start-up, how to set-up a powerpoint presentation, or how to paint flowers on a canvas. Using your experience and passion to sell information and teach people is a great way to boost your income potential and can turn into a side business.
To make the course appealing, you’ll need engaging content and interactive assignments. Offering free webinars or mini-courses is a great way to market your course.
Selling on Etsy can be very lucrative. You’re basically running your own side business, and all the revenue goes into your pocket. If you’re crafty, you can sell handmade items and craft supplies. If you’re into going to estate sales or other secondhand venues, you can sell vintage items. But keep in mind that vintage items must be 20 years or older. Promoting your Etsy shop on social media or through Amazon will also help boost your sales. Etsy has quite a few sellers so you'll want to be sure you have a unique product to be successful and to help bring in additional income.
If you like to write or hire people who can, blogging can be a real money maker. Choose a popular niche to write about that doesn’t have too much competition. You'll want to have bloggers who can help with content creation that attracts visitors. You’ll make money by using an ad exchange like Ezoic to place display ads on your website. Joining affiliate networks can help you obtain affiliate codes for earning money and partnering with brands for paid work. You can also get paid to recommend or give advice on products other businesses are looking to promote.
Affiliate marketing occurs when a consumer buys a product or service that you have promoted or advertised. Often times these products or services are promoted through affiliate networks. You earn a commission on the purchase. Understanding online marketing can help you attract more customers and increase your revenue. To attract customers, you’ll need to choose a digital platform, such as a blog or social media.
This is an excellent opportunity for passive income. Once you’ve posted the item, you don’t have to do anything else. Just wait for the money to come in.
Third-party Amazon selling can bring in six figures or more and is a great side hustle idea. Research wholesale products you can buy that you can sell for a profit on Amazon. You’ll want a return of 30 percent or more to be successful with this side hustle. If you want to grow your business, reinvest it in the first year. There are online communities that can help you get started. With dedication, this can evolve into a full-time business.
YouTube can pay well, but you must post your videos consistently and often. YouTube pays you a percentage of their advertising dollars in your video. You’ll need 1,000 subscribers and at least 4,000 viewing hours to start earning the advertising commission, but it’s doable, and some people have made over six figures.
People love podcasts. It gives them something to listen to at the gym or on the train. Successful podcasts have thousands of listeners. This makes them attractive to advertisers which can have high-payouts depending on the business based on your audiences. You need to choose a niche that you not only know about but will attract large companies to access your viewers, allowing you to earn extra money.
A lead generation website is a great business idea that aims to create leads and sell them to related businesses. You charge a cost per lead or sale. For example, if you’re a financial site, credit card companies will want leads from you to increase their sales. This is a great and lucrative standalone business.
For those who are musically talented and have a knack for electronic music, the sky’s the limit for generating income. Get out there and make a name for yourself. Venues, weddings, professional events, and other businesses pay thousands of dollars for reputable local DJs who can bring in crowds, providing an excellent opportunity to earn extra cash. These events can also lead to referrals and additional clients which could help you get to a six figure income.
Public speaking engagements can bring in a lot of money. You’ll need to start by building your brand and establishing your credibility. Charisma will go far. Start by doing free public speaking locally to hone your skills. When you’re ready, network on LinkedIn. Find out about upcoming events in your discipline and make yourself known to organizers. Good speakers can end up making this a full-time job. Consider setting up direct deposit for your speaking fees to streamline your payments.
Information security consultants are also known as cybersecurity consultants. They help organizations protect networks and data from cyber threats. If you have a background in cybersecurity, freelancing as a side hustle will make you a lot of money. Some make up to 300,000 per year, providing an excellent opportunity to earn more money.
Running an e-commerce store will take a lot of planning, upfront effort, and research. You’ll need to find a niche that people are interested in. Creating effective marketing materials can help you attract more customers and increase your sales. Then, you can supply these consumers with the necessary products. But once you put the effort in, this can grow into a profitable business. You can sell numerous products like clothing, electronics, art supplies, etc.
Virtual event hosts run online events like conferences, live streams, or webinars. They oversee the logistics, technology, and execution of the event. Since COVID-19, these events have become quite popular and there’s a demand by companies and individual speakers to have someone take over doing these events. Some virtual event hosts will also emcee the event. Having graphic design skills can help you create visually appealing event materials and attract more clients.
Renting out extra space can be a great side hustle, especially if you live in a heavy tourist area. Rent out your home and stay with a family member to make even more.
Make your listing attractive by taking high-quality photos. Have enticing descriptions of your venue and what attractions are nearby. Ensure you provide a great experience for the guest, so they'll give you an excellent review. Reviews can be the best form of advertising.
A virtual parenting or childcare consultant teaches parents to communicate better with their children. You would also discuss and advise on managing children’s challenging behaviors. You could give coaching in real-time. The client would put an earbud in their ear, and you would advise them on what to do while the child is acting up.
Advertise on social media and make sure you have a blog where parents can book appointments. This side hustle can help you earn extra money while making a positive impact on families.
The six-figure side hustle is achievable. But it will take creativity, focus, and hard work. Use your expertise or learn about your niche and start generating income from your side business.
