With the success of our previous article on side hustles that actually bring in the bacon, which you can read here if you haven’t already, we decided to carry on the series with even more ideas that can help budding entrepreneurs get started. Let’s dive right in:
1. Sell stuff on Amazon
Selling things on Amazon is easily one of the most profitable side hustles these days. 61% of Amazon sellers increased their profit in 2019, and 92% plan to continue selling on Amazon in 2020.
While there are many different ways to sell on Amazon, the easiest is to use Amazon’s FBA (Fulfilled By Amazon) program. All you need to do is ship your products to Amazon’s warehouse, and they take care of the rest for you.
2. Sell stuff on eBay
Of course, Amazon is a new player when it comes to selling online. The OG is still alive and kicking. While eBay is no easy route to making side hustle and will require you to think strategically to penetrate the saturated market, there are still some opportunities to make money here.
To stand out, here are some things you need to include in your eBay selling strategy:
- Have high-quality pictures of your products.
- Write seducing product descriptions.
- Figure out when is the right time to post your listing for your audience.
- Don’t use reserve prices.
- Find your niche and own it.
If you follow the tips above, you could be making your first dollar on eBay pretty quick. As for how much you can make, there’s no solid answer. It all depends on the price of the product your selling and your fixed and variable costs. An important thing to keep in mind is that eBay will take 9% of the selling price to a maximum of $50.
3. Take customer interviews
There are a lot of companies out there who have large budgets to get user feedback on their products. You can sign up with a service that connects these companies with people who are willing to spend the time to try out the products and take an interview. The best part about this side hustle is that the pay per gig is really high. You can expect to earn anywhere between $50 to $150 per interview.
4. Sell your arts and crafts on Etsy
If you’re an artist who loves to make things, why not list them on one of the largest marketplaces in the world for that, Etsy? You can sell anything from printables and posters to handmade socks and pieces of artwork. People are willing to pay high prices for one of a kind items that aren’t mass produced in factories, so you can potentially earn a very good income from selling on Etsy.
5. Rent out your home on Airbnb
Got a room that’s being used to collect stuff? Or a guest house that rarely receives any guests? Why not rent it out on Airbnb? In recent years, Airbnb has had a surge in popularity. It’s almost as big as the hotel industry. According to Airbnb’s statistics, to date, since Airbnb started in 2008, there have been more than 160 million bookings across 190 countries. Homeowners all over the world see Airbnb as a great opportunity to make some extra cash.
The only requirements to becoming an Airbnb host is to have a comfortable space, be responsive, and be available (or pay someone to be available) to clean between guests and be there for any guest needs.
6. Flip websites
For the tech-savvy folk out there, this side hustle is a piece of cake. You buy cheap sites that are in some pressing need of TLC and make them more profitable, then sell them for double price – or more. If you know what you’re doing, you could flip an entire website in a matter of weeks.
We hope some of the ideas presented inspire you to go out and get hustling. Let us know in the comments if you want to see a part 3 to this – we have plenty more ideas to suggest.