10 EASY SIDE HUSTLE IDEAS I am trying after being laid-off & how much money you can make from them
Summary
Highlights
Creating online courses is a highly recommended side hustle, especially if you possess a teachable skill. With platforms like Teachable and Kajabi, it's rated 4 stars for ease of setup. The potential upside is 5 stars, as courses can sell for hundreds of dollars, making it a lucrative passive income stream (e.g., $500/month by selling 10 courses at $50 each).
Launching an online store to sell physical products or merchandise is discussed. Platforms like Shopify make setup relatively easy (3 stars for ease), but scaling to consistent income is challenging. The potential upside is 4 stars, as profit depends on the product and sales volume; for example, selling bikinis at $50 each could yield significant income.
The speaker shares her motivation for exploring side hustles after being laid off, emphasizing the importance of multiple income streams. She aims to provide 10 side hustle ideas that can collectively generate at least $6200 a month, categorizing them by personal experience and potential, with ratings for ease and financial upside.
The first side hustle is opening an Etsy store, where you can sell various products from digital downloads to handmade items. It requires some creative skill and is rated 4 stars for ease of starting due to the platform's user-friendliness, and 5 stars for potential upside as it can become a passive income source, with a projection of $500/month by selling 50 items at a $10 profit.
Dog sitting or walking through platforms like Rover or Wag is introduced as an easy way to earn extra cash for animal lovers. Rated 5 stars for ease of getting started due to simple sign-up processes. However, the potential upside is rated 2 stars, as income depends on the number of dogs taken (e.g., ~$1500/month for one dog daily, $3000 for two).
Affiliate marketing, using referral links to earn commissions, is discussed. The speaker uses 'Like To Know It' and Amazon Associates. Skills required are minimal, mainly convincing others to buy. It's rated 5 stars for ease of setup. The potential upside is 3 stars; while small for individuals with moderate followings (projected $100/month), it can be substantial for influential figures.
Freelance work, like copywriting or video editing on platforms such as Fiverr and Upwork, is presented. It requires specific skills in areas like writing or design. Ease of starting is 3 stars due to high competition. Potential upside is also 3 stars; while scalable, competitive pricing can make it challenging to earn significant income (e.g., $500/month for editing 10 videos at $5/minute).
Starting a YouTube channel is highlighted as a powerful side hustle. While it demands time, effort, and on-camera confidence (rated 2 stars for ease), the potential for income through ads and brand deals is immense (rated 5 stars). The speaker notes that creators can earn thousands monthly, becoming a significant passive income source.
Becoming a driver for services like GrubHub or Uber is a straightforward option, requiring only a car and driving skills (rated 5 stars for ease). However, the potential financial return is low (1 star), averaging around $15 per hour, making it suitable for earning smaller amounts like $300 a month with minimal hours.
Being a personal or virtual assistant appeals due to its remote work potential. Tasks vary from admin to content creation, requiring organizational skills. It's rated 3 stars for both ease and potential upside; platforms like Fiverr list many assistants, with hourly rates from $15-$25, suggesting about $700 monthly for 10 hours a week.
Starting a podcast is presented as a fun and accessible option, requiring conversational skills and basic audio editing (rated 4 stars for ease). However, the potential income (2 stars) is primarily through brand sponsorships, which necessitate a substantial listener base, making it harder to monetize significantly compared to other side hustles.
The speaker concludes by reiterating that these 10 side hustles combined can yield at least $6200 a month, with potential for significantly more depending on growth and effort. She encourages viewers to engage for a potential part two with more ideas.