In the current economy, side hustles have become very popular for supplementing regular income. With the right gig, you can earn money working from home and on your own schedule. This comprehensive blog post explores the best side hustles to pursue in 2024 for passive income or on-demand work.
Online Side Hustles
The internet has opened up a vast array of side hustle opportunities. Here are some of the best online side hustles to take advantage of this year:
Survey Junkie is a user-friendly survey site that allows you to complete surveys in your downtime for cash rewards. Most surveys pay between $1-$5 and can add up over time. To get started, just create your free account.
Similar to Survey Junkie, Swagbucks rewards you for surveys, but also for online shopping, watching videos, playing games, and more. Earn points called "SB" that you can redeem for gift cards or cash.
Branded Surveys connects you with all sorts of market research firms looking for survey participants. Take surveys tailored to your demographics and earn up to $50 per survey on topics like retail, healthcare, technology, and entertainment.
On the freelance services marketplace Fiverr, you can sell your skills as micro-gigs starting at $5. Offer creative services, programming, data entry, business consulting, and more. Build up your seller profile and reviews to get more orders.
Upwork is another site to find freelance job opportunities or remote work. Create a profile showcasing your skills and experience. Browse and apply for jobs across thousands of categories.
Affiliate marketing is a scalable side hustle. Promote products on your website, social media, or other platforms and earn commissions when people purchase through your affiliate links. Amazon Associates is a popular program to check out.
If you're interested in e-commerce, try dropshipping with Oberlo or Salehoo. You can sell products through your own online store without inventory. When a customer orders, the supplier ships directly to them.
Prefer to work from the comfort of home? These are some of the best side hustles to pursue in 2023 without leaving your house:
Best Side Hustles: Home-Based Side Hustles
Deliver packages for Amazon Flex. You use your own vehicle to make deliveries when it's convenient for you. Pay ranges from $18-25 per hour.
Leverage excellent writing skills by offering proofreading or editing services on sites like Upwork and Fiverr. Lots of potential clients like authors, businesses, students, and professors.
In addition to Amazon, many major retailers, like Best Buy and Walmart have affiliate programs you can join. Promote products relevant to your audience.
Build passive income with a blog, YouTube channel, niche website, or podcast. Earn advertising revenue or sell products, services, and subscriptions. Great passive income ideas at Income School.
Other home-based side hustles include tutoring, consulting, bookkeeping, and virtual assistance. List your services on platforms like Wyzant or Fiverr.
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Maximizing Your Side Hustle
Follow these tips to maximize your side hustle income and experience:
- Designate a workspace in your home to separate your side hustle from your personal life and minimize distractions.
- Create a set schedule and devote specific hours each week to working on your side hustle. Treat it like a real job.
- Track all income and expenses. Keep detailed tax records and set aside a percentage of earnings for taxes.
- Set actionable goals for growth and work to actively expand your customer base. Consider investing some earnings back into the business.
- Identify tasks that fall outside your wheelhouse. Outsource these jobs like social media, bookkeeping, or virtual assistance.
- Use software like Quickbooks or Freshbooks to stay organized.
Top Side Hustle Picks for 2023 and 2024
Here is a quick recap of some of the best side hustles to pursue this year:
- Survey taking – Survey Junkie, Swagbucks, Branded Surveys
- Freelancing – Fiverr, Upwork
- Affiliate Marketing - Amazon Associates, other retailer programs
- Dropshipping – Oberlo, Salehoo
- Delivery Driving – Amazon Flex
- Proofreading/Editing – Fiverr, Upwork
- Blogging /YouTube – Build passive income
- Tutoring / Consulting – Wyzant, Fiverr
Whether you need to pay off debt, save up for a big purchase, or make some extra pocket money, finding the right side hustle can provide a nice income boost without a huge time commitment. Hopefully this comprehensive guide gave you some ideas on potential side hustles to start in 2023! With a focused effort, you can turn your side gig into a profitable endeavor.
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