There are many side hustle ideas, but how do you choose the right one that’s fun or lucrative, or both? When considering a side gig or career transition, you should start by evaluating your skills, interests and resources. This isn’t so different from choosing a career, but side gigs often offer more flexibility. Where you might settle on a career based on the salary you’ll earn and growth opportunities, for instance, a side hustle can let you take a chance on your interests and talent.
Here are a few side hustle ideas you might consider:
Providing your skills and expertise on a contract basis offers both flexibility and the chance to expand your skills and portfolio. Consider opportunities like web development, content development, graphic design, virtual assistant, copywriter, social media account management, marketing management, language translation, coaching or consulting.
K-commerce requires little to no overhead. Once your knowledge product is complete, you simply place it online for sale. The trick behind a successful K-commerce business, however, is figuring out what knowledge you have that puts you two or three steps ahead of your dream client base. Ideally, your knowledge or expertise should help them solve a problem or create an opportunity for themselves.
With the right product in place, you can effectively market to your target group.
If your talent is more product-based than knowledge-based, you could start an e-commerce business that sells products on platforms like eBay, Etsy and Amazon. This business model can include anything from reselling items you access through a wholesaler to creating new products yourself.
Teaching and tutoring
With the proper educational credentials, you might be able to work as an adjunct instructor at the college or university level (I’m an online professor for St. Petersburg College, for example) or as a private tutor in anything from math to Microsoft products.
The gig economy is full of diverse options. You could work for companies like Lyft, Uber or Fiverr to provide ride-sharing service, delivery service, household cleaning or creative work like web design services.
Online content creation
You could write an e-book or start a YouTube channel, podcast or blog where you share your knowledge, offer informed opinions or provide entertainment. You could become a social media influencer if you have enough of a message, niche or following. If being an influencer is not your preference, you could also explore managing social media for a small business.
If you are successful, you can grow and monetize your media by earning advertising, sponsorships and merchandise sales.