10 Side Hustle Ideas You Can Make Money With This Month!

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10 Side Hustle Ideas You Can Make Money From This Month

  • 28/06/2018

When you hear the word side hustle, you’re probably thinking hard work, and I would say you’re 100% correct.

Nothing in life comes without hard work.

But it doesn’t have to be hard work till the day you die.

Most side hustles in this post you can turn them into semi-passive businesses which only require you to overlook them every few days.

The hard work is only required when you get started.

Not all side hustles require constant maintances

 

10 Side Hustles You Can Start Today

In this post, you will learn about 11 side hustles you can start today which will allow you to earn extra income to:

  1. Pay extra bills
  2. Save money for your next holiday
  3. Buy that new dress you wanted (Women)
  4. Buy the latest game
  5. Clear your debts

There are so many more things that this extra money can do for you.

So without further ado let’s get into the first one.

1) Kindle Publishing

By far one of the most passive income streams you can create for yourself is Amazon Kindle publishing.

You get a book written for you and publish it on the Amazon platform.

Yes, it is that simple!

Some publishers make a few hundred dollars a month, some earn thousands, some earn tens of thousands every month.

It’s all down to the way they did research, published and marketed them.

You do the heavy lifting at the start and once published there is very little maintenance you need to do.

If you want to make more money then you just publish more relevant books.

As long as people want your books and the quality of the books is high, they will stay high in the rankings and will continue to sell well.

 

To get started with Kindle publishing take my Free 5-day course

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Learn how to:

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2) Drop Shipping

Drop shipping is an amazingly simple business model in which you’re selling products which you don’t have any inventory for.

It’s a simple 3 step process:

  1. Customer orders the item
  2. You send the order to your supplier
  3. Your supplier sends to your customer

 

There are two types of drop shipping which you can pursue:

  1. Ali Express method
  2. High ticket method

Both of these people have made thousands of dollars all the way to some people making millions, the profit potential is endless.

 

Ali Express method

Ali Express is a huge online retailer which connects Chinese businesses with International online buyers.

This business does not have to be over complicated, it’s best to keep it simple and that is when you will have success.

Here are the steps:

  1. Find products which are selling well, research to see sales on Aliexpress.com
  2. Create a Shopify Store.
  3. Use Obolo to connect the Ali Express items with your Shopify store.
  4. Change the product title, the description so it makes sense.
  5. Drive traffic.

The advantage is, it is easy to start with automatic acceptance to sell products

The disadvantage is it takes 2-4 weeks to ship the item.

 

High ticket method

The high ticket method is for items which are of a value of $200 or more.

For this drop shipping method, you will be finding suppliers in the same country as your business operates.

The advantage of this is there is no 2-4 weeks shipping, the customer will get their item in 2-5 days, sometimes quicker!

This will lead to fewer customer refunds and with the value at $200 you and with a minimum order profit of $40-$60

For this model, you sell items up to $2000.

 

The steps to have a successful store go as follows

  1. Research a niche
  2. Find products which are selling for $200 and above
  3. Create a Shopify store (Easiest platform to get started quickly on)
  4. Contact drop ship wholesalers.
  5. Get approved.
  6. Add products to your store.
  7. Send traffic.

 

The 2nd method is not an automatic approval as some of the whole sales will vet you.

My friend Trevor and Juliana have had a lot of success with High-ticket drop shipping earning tens of thousands of dollars from their stores.

They have a free course to get you started with dropshipping

Click here to get their Free course

This is them travelling around the world living off their store profits.

ecommerce paradise drop shipping

 

3) Ebay Drop Shipping

If you’re strapped for cash Ebay Drop Shipping is the perfect model.

Just like drop shipping you don’t need any physical product, you’re selling an item on eBay and then purchasing the product at a cheaper price.

Mainly from retail stores.

The normal profit is around 20%-30%.

This model doesn’t require any niche for you to enter, you’re just looking for items which are selling well on eBay and creating a better product listing than your competitors.

To get started in this business, following these steps:

  1. Research profitable products
  2. List on eBay
  3. When a sale happens, buy from a retail store like
    1. Target
    2. Amazon
    3. Best Buy
  4. Send to your customer

To get started check out David Dang Vu’s course on eBay Drop Shipping.

Image courtesy of edmwi.com

 

4) Fiverr Arbitrage

Another business to start if your cash-strapped is Fiverr Arbitrage.

I would suggest you have the skills to back yourself up as if one of your freelancers disappears you can quickly and easily complete the work. Remember your account is in danger if you don’t fulfil on time.

This business model uses other peoples creativity skills to earn you money.

This method works as follows:

  1. Find a profitable but not too competitive Fiverr Gig
  2. Find the same gig on SEO Clerks or hire someone on Upwork
  3. Create a Fiverr Gig
  4. Get feedback for your gig (Facebook Groups)
    • If you have no feedback it means little to no sales.
  5. Go to the buyer request to look for people looking for work
  6. Advertise your work at the best price while also making a profit.
  7. Build up your profile
  8. Raise your prices
  9. Make passive income

At the start of this business, you will break even but this is only to build up your review rating.

Once you have between 10-20 reviews this is when you can raise to start making a profit.

 

5) Selling PLR Books & Products

PLR (Private Label Rights) are products which you can buy and have full ownership to do what you wish with depending on the PLR product.

Using the PLR products allows you to have a very passive business. Once you have it up and running and making quite a few sales you can hire someone to run the business for you.

 

To get started follow these steps

  1. Do research to find the most profitable Gigs on Fiverr.
  2. Find profitable PLR products selling on Fiverr or other online websites
  3. Download their PLR products plus some other ones.
  4. Create a gig which has more value for money
  5. Get feedback for your gig (Facebook Groups)
    • If you have no feedback it means little to no sales.
  6. Start selling
  7. Once a day fulfil orders

It is tough to get started but very lucrative if you rank well.

 

6) Arbitrage

Arbitrage is all around us, you just have to look at the 3 examples above, they all use arbitrage.

Arbitrage is selling a product at a higher price before you’ve bought a product at a lower price. You have nothing to lose. You make a profit with no expenses to worry about.

Just think outside of the box on what you can use this model for.

 

7) Freelancer Platforms

Freelancer platforms such as Fiverr and Upwork are a great way to start generating money online using a particular skill you have.

As with any other business when you’ll start from the bottom. It will be difficult to gain clients and you may have to work for less than you feel your worth is.

However, as you gain more reviews you can raise your rate accordingly in the knowledge you can still get work.

If you’ve selected a good niche that many people need a service for and you have a good feedback score you will start to get regular work.

Just be aware that one bad feedback rating when you’re starting can send your account into the depths of hell and to get more work can be harder than ever as 3 x 5 stars and 1 x 1 star = 75% feedback rating.

Not a good look to potential clients.

 

8) Affiliate Marketing

I love affiliate marketing as the earning potential is endless.

It is a commission based income which you earn an income from when someone clicks on your affiliate link and purchases a product.

Just as I am doing in this post.

This business model is really simple all it requires is:

  1. Content or copy to sell the person
  2. They go through and purchase the product
  3. You make you a commission. 😉

What I like about affiliate marketing is once they’ve gone through your link the product owner takes care of the customer.

This is another passive income business that once you have created the content there is not much else to do.

I learned about blogging and affiliate marketing from Johnny FD, and in this post, I tell you how I went from $0 to earn over $17,000 from my blog.

Read it here.

how johnny fd helped me make $17000

 

9) Writing business

A writing business is great if you’re like me and love to write.

This business takes a bit of legwork to get started but the reward is so much higher than the freelancer platforms.

On Upwork I could only ask for $20 for a 1000 word article to gain clients. However, in my writing business, I write for a minimum of $200 for a 1000 word article.

And acquiring clients is pretty simple, however not all clients you email will convert to clients.

Here are the steps:

  1. Find your niche
  2. Create a website
  3. Find Clients
  4. Cold email those potential clients
  5. Close them
  6. Write articles for them.

When entering into this business think of a profitable niche that you enjoy writing about. Trying to write about everything makes you a jack of all trades but a master of none.

OH, and very unenjoyable!

For my company RazorSharpCopy.com I write in the B2B marketing niche as I have quite a bit prior experience in the subject and I am willing to learn about a subject as I enjoy marketing.

You, however, may enjoy a different a different subject and I would recommend pursuing that as you want to enjoy your writing not pulling your hear out because you don’t understand the subject.

The course I took to gain success in my writing business was by Jordan Roper – Killer Cold Email.

I have since stopped writing most of the article, I outsource the work to other freelancers, I still make a healthy profit from each article though.

I’m using arbitrage, my only requirement is to gain clients.

 

 

10) Online Coaching

Do you have skills or knowledge which can help someone with a specific problem?

Then you could be a great fit for online coaching.

Don’t over think this as long as you are a few steps ahead of someone else and can help them solve a problem then you’re a viable coach.

REMEMBER: People will pay you to solve their problem as you can shorten their learning curve.

If you’re doing Kindle publishing and need strategies and solutions to help further build up your Kindle business click here to contact me.

 

How To Get Started?

These are just some of the online side hustles you can start today, and I don’t feel that there should be a reason for you not to try. WHAT HAVE YOU GOT TO LOSE?

Whichever one you choose I have laid out a simple formula in which you can follow and take action with, some I have even given you free courses to take, basically, it is a win-win situation for you.

I know so many people who wish they did something but never did.

The best direction is one small step at a time.

Focus on one of them and take small steps until you have completed the first step and then move onto the 2nd step.

It’s as easy as that.

 

Additional Resources

 

That’s all for this one.  Please leave me a comment below if you enjoyed this article and the sides hustle you are going to start or have any questions for me!

Cheers

Michael

Founder, Fresh Belief

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