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2 trillion. So even though it does take a bit of capital to start this side hustle (you do need something you can send to the retailer, after all), once you have the amount of product you need, it’s definitely worth the investment. One of the benefits of selling wholesale is that you can piggyback on a retailer’s already existing customer base and resources.
For example, the China-based Iron Man Factory created a template for a wearable, fully functional lifesize Iron Man suit that can be printed by anyone with the right 3D printer and the template, which it sells for $35,000. Iron Man Factory created that one template and can now sell it an infinite number of times.
All the information is transmitted online to the buyers. If you're a creative in the digital space, this is a great way to make some money. If you’re a musician, music is always needed for movies and ad campaigns. If you’re a graphic designer, websites are always looking for new fonts and graphics to make their site standout.
And now with NFTs coming into the market, digital art and music have even more potential value in the digital space. 24. Sell photography There are a bunch of sites like Shutterstock and i, Stock Photo that are always looking to buy images that can be used on websites and ad campaigns.
1. Does the idea fit your current schedule? You’re going to be dedicating a meaningful amount of time to this side hustle, so it helps if that time fits into your schedule. A side hustle should be something you can do outside of your 9-to-5 job but that won’t interfere with or keep you from that job.
The workday is done, the weekend is still a couple of days away, and since you’ve already watched all the true-crime documentaries on Netflix, your schedule is wide open. But, try as you might, sometimes you just won’t want to work. That’s why it’s ideal if your side hustle closely pairs with what you’re passionate about, even if it’s not the end-product itself.
Whatever the appeal, a good litmus test is that you’re drawn to the work when you’re procrastinating on something else—that little bit of enthusiasm can go a long way. 3. Is the idea financially viable? Although not every hobby should be burdened by the need for profitability, most of us have student loans and bills to pay.
Finding the perfect side hustles for you An underappreciated benefit of side hustles is that they can act as a sandbox where you learn how to make good money from home legitimately. Making money is a distinct skill, and since most of us rely on traditional careers to pay the bills, it doesn’t always feel intuitive.
We could all use a little extra money, and a good side hustle is one way to get it. A side hustle could help you save enough for a down payment on a car or house, fund that vacation you’ve always wanted, boost your investment portfolio, help you pay down debt or whatever you need some spare cash for.
But even if you have to keep your day job, a side hustle can make you money in an area you’re passionate about. A side hustle is something you do in addition to your main job, so the best ones don’t require a lot of time, give you flexibility in when you work and can help you earn a decent amount of cash.
1. Selling stuff in an online marketplace, People are familiar with third-party selling sites such as e, Bay, Etsy or Amazon, but you can take it upscale by selling on a site such as Poshmark, which offers new and used fashion items. An advantage of going higher end is that you may be able to earn more for the same amount of work.
Virtual assistants are paid for a myriad of reasons and can charge whatever rate they desire based on the amount of work they do. There’s no limit to what you can assist with online. Some utilize online platforms to illustrate children’s books for those who author them or even create family photo albums.
5. Freelance writing, Freelance writing can be an attractive side hustle if you’re looking to fit in some work when you have time. It’s an even better setup if it’s in a specialized field with few competitors so that wages remain higher. Find a niche to write about, establish a reputation for turning in clean copy that needs few changes and then scale up as much as you want.
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