In the current economic climate, developing a side hustle is a great way to make a little extra money. Whether you’re looking to supplement your income, save for a rainy day, or pay off debt, a side hustle can make a big difference.
In this blog post, you’ll learn about three side hustles you could pursue to make serious money in ways that are solid and not scams.
1. Freelance Writing
If you enjoy writing about things you do and love, freelance writing is an excellent way to earn money. Many businesses and websites depend on people who can compose quality content to furnish copy for their blogs, websites, and social media handles.
You can find freelance writing gigs on Upwork, Fiverr, and Problogger. Many platforms are free to join, but they take a small commission on each sale.
To get started, you must create a portfolio of writing samples that showcase your areas of expertise and writing style. You should also be acquainted with the latest SEO techniques, grammar, and punctuation rules.
Once you’re underway, building relationships with your clients is also essential because they are likely to refer you to other potential clients down the road.
You may charge per word or article, or take up long-term projects–whichever suits your schedule and availability. Freelance writing is an excellent side hustle because it features plenty of flexibility: you can work from anywhere.
2. Pet sitting
Pet sitting is an excellent side hustle if you love animals and have sufficient space in your home. People frequently need pet sitters when they go out of town for work or vacation.
Some pet owners prefer to leave their pet at the sitter’s house, whereas others prefer the sitter to stay in their home. Either way, you can earn significant income without a lot of effort.
To get started, advertise your pet-sitting services on social media platforms like Facebook and Twitter, or pet-specific websites like Rover and PetSitter.com. These venues connect sitters with pet owners in the area.
Some owners may require you to meet their pets before agreeing to let you care for them. If you love animals, this may be the best of both worlds; you get to play with critters and make money!
3. Running a rental property
The rental industry is thriving, and more people are renting homes now than ever. Running a rental property is an excellent side hustle if you own a structure that isn’t currently occupied.
Before renting out your property, make sure it’s in good condition and meets all requirements and regulations set forth by your local and state governments. This will include obtaining all necessary permits and ensuring the rental property meets safety standards.
Next, establish a fair rental price for the property based on its location, size, and condition. When setting your rates, factor in taxes, insurance, and maintenance costs.
Once you’ve located tenants for the property, you must handle rent collection and maintenance requests promptly. Enlisting the services of a property management company can cover these duties and allow for a relatively stress-free experience as a landlord.
Running a rental property is an excellent side hustle because it can allow you to generate passive income by renting out your property without having to work actively. It is essential to remember that although renting out your property can develop cash flow, it also necessitates various expenses and responsibilities, such as property insurance, maintenance, and paying a property management company if you decide to utilize their services.
Side hustles are an excellent way to make extra money, and there are countless opportunities to pursue. With hard work, dedication, and a positive attitude, you might be able to convert your side hustle into a full-time gig.
Just remember to be patient. Growing a brand or following takes time, but if you stick with it, you may enjoy significant success. Whether you choose freelance writing, pet sitting, running a rental property, or something else, a side hustle is a fantastic way to earn extra income and turn your passions into profits.