8 Easy, Virtual Side Hustles for Extra Cash

8 Easy, Virtual Side Hustles for Extra Cash

Opinions expressed by Entrepreneur contributors are their own.

The past few years have seen the rise of the side hustle, a term used in Chris Guillebeau‘s book, The $100 Startup. In it, he talks about how he was able to generate multiple streams of income from various ventures outside of his primary career and how others like him can do the same.

Many people are starting their own businesses to pursue their dreams. These are some ideas to help you start a side hustle that will make you a successful entrepreneur.

Related: 5 Keys to Turning Your Side Hustle Into a Successful Business

Ecommerce sales

You know how to make a good product, so why not sell it? There are so many options for e-commerce platforms today, including Amazon, Etsy, eBay and Shopify. You can also create a blog to sell products. You might consider selling on Instagram or Pinterest if you have a large following.

If your business is more geared toward physical goods than digital ones (or if you want more control over the entire process), setting up an e-commerce store might be right for you. There are many paid and free platforms that can help you with everything, from hosting to payment processing.

Graphic design

Graphic design is one of the most popular side hustle ideas. Graphic designers are highly sought after because they can create logos, websites and posters for clients. Graphic designers can also sell their designs as prints or products on Etsy.

Related: Start a Creative Side Hustle With These Graphic Design Courses

Website development

Website development is a great way to earn some extra money on the side. This side hustle can be your full-time job if you have the time and energy.

You can use your website development skills to create a personal website or become an internet entrepreneur by creating and maintaining websites for others. It’s important to decide how much time you are willing to spend on this side hustle. If you do it right, it can take up a lot of your time.

SEO Consultant

As a freelancer, you’ll be able to set your hours and work from home. You can choose your clients based upon their needs, rather than accepting whatever comes up.

In addition, SEO consultants have average annual salaries ranging from $60,000-$80,000. That means that if you’re good at what you do and make 5-10% of the project’s total value (which is about $5k-10k for most people), this side hustle could easily earn you an additional $30k-$50k per year.

Related: 7 Lucrative Side Hustles

Day trading

Day trading is a form of trading that involves buying and selling financial instruments within the same day. Trading can be a lucrative side hustle. However, it requires a lot of focus and concentration to achieve your goals. Day traders can trade stocks, bonds and commodities, as well as currencies, options, and futures contracts. Day traders use technical analysis in order to identify trends in market prices, and make a profit.

Day trading is often done by special-purpose entities called day trading firms or electronic communication networks (ECNs). These companies offer investors direct access through hardwired connections to stock markets. These outfits typically charge a commission for each trade. However, some don’t charge any commission at all since they generate revenue through advertisements rather than commissions on transactions.

eBook author

As an e-book author, you’re in good company. Millions of people buy and sell ebooks every year, and authors make money from their books in various ways.

You can sell your eBooks on Amazon and other platforms (e.g., Kobo). Your eBooks can also be sold on your website via membership or a recurring payments model (which many authors do). In exchange for customer data, you can even offer them free of charge.

YouTube creator

Many people are attracted to the idea of being able to make money by doing something they love. YouTube video creators have the opportunity to do exactly that. They also have the advantage of a large audience on YouTube, ready to view their content.

YouTube continues to grow in popularity as a search engine. It’s now the second largest search engine after Google and has more than 1 billion users worldwide. This is great news for creators who want viewers to find their videos, but it also means that there is a lot of competition. It’s becoming more difficult for creators in this crowded space to stand out. YouTube’s monetization program matches ads with your content, allowing you to make money if your content is unique, continuous, and has the potential to grow.

Related: YouTube Is Going After TikTok With the Promise of Paying Creators More

Affiliate marketing

Affiliate marketing is a great side hustle because it can be done anywhere in the world. Affiliate marketing is a great side hustle. However, you don’t need any specialized skills or a degree to start it. You can start by choosing a product or niche that interests your heart and then research the top-selling products in that niche. Once you have chosen your product, it is time to promote it. Affiliate marketing can be done in many ways, including blog articles, review videos, and social media posts.

To track how much money your links have earned for each brand (this is called “tracking links”), I would recommend using Google Analytics which gives an overview of all traffic sources coming into your website so that you know where new visitors are coming from when they land on your site after clicking on one of those tracking links.

Read More