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If you’re looking to improve your financial situation, side hustles can be a great way to supplement your income. Depending on the side hustle you choose, you can make anything from an extra $500 to $5,000 a month.
With this money, you can pay off your debts, save more, take out a mortgage and pay on time, set up your kids’ college funds, and many more. If this sounds good to you, then this list of proven side hustles will serve as a good place to start.
Can you write? Do you have a unique way of expressing yourself? Have people told you in the past that you have a unique and interesting writing style? Do you feel happy and relaxed when you’re typing on your computer? If yes, then blogging just might be the one thing you need to do.
People who enjoy writing articles, reading them, or just penning their thoughts on just about any subject matter make great writers. Whatever subject matter you decide on, make sure that you’re passionate about it. It has to be something you thoroughly enjoy.
This is what will take you through those early stages before your blog starts gaining traction. Although blogging can be very profitable, remember that it does take time. But when it finally takes off, you can easily make six figures a year from it.
Content Creation on Youtube
Unlike blogging which is often self-hosted, and often has to do with text-based content, content creation on Youtube is video-based. Youtube has made people like Jimmy Donaldson, David Dobrik, Jeffree Star, Pewdiepie, and Stevin John very rich.
In fact, highly paid Youtubers routinely earn 7 to 8 figures every year. Last year, 9-year old Ryan Kaji was the highest-paid Youtuber with an income of $29.5 million. However, these folks with the big bucks are just a tiny handful.
Most good YouTubers earn six figures a year creating content –estimates put it around 2 million YouTubers. The one thing all these guys have in common is they create really interesting Youtube content that compels people to follow them.
If you are very knowledgeable about a particular subject matter, you can showcase that knowledge in an interesting manner and make a small fortune from it.
This side hustle requires you to be the middleman between buyers and product vendors. What you’ll do is find great products, and promote them for a commission. Depending on the product type and their cost, you can earn anywhere from a 5 percent fee to as much as 100 percent commission.
To do this, you’ll need to build a website or blog where you’ll either review products –a good example is FX Globe reviews– or you can build a blog where you address problems and offer affiliate products as solutions.
In fact, your advertising medium doesn’t have to be restricted to blogs. You can do the same on a podcast, a Youtube channel, a Tiktok account… anywhere you can get or acquire a decent following.
Although all three side hustles take time, their financial rewards can be very huge. But if you don’t have the time and need to make some money today, you can drive an Uber or Lyft. These two options will put some money in your pockets very quickly.