A side hustle is described as an extra avenue of growing your income, which can be done alongside a full-time job or within your spare time, such as evenings and weekends. A side hustle can be hugely beneficial in securing some extra cash, especially during the current cost of living crisis. Note that the amount of time you can devote to a side hustle will vary from person to person and it is advised to embark on a side hustle that you are passionate about.
Below I present 7 side hustles you can start right now with minimal start-up capital requirements:
If you have a particular skill which you can offer to the public then becoming a freelancer or contractor could help boost your income. There are marketplaces such as Fiverr where a wide range of freelancers offer their services. By advertising on a place like Fiverr you are advertising to thousands of potential customers. The best thing is you do not need any significant capital to list your services on such marketplaces and your overheads are extremely small.
Are you an organised person and enjoy helping other people become more efficient with their day-to-day life? Offering services as a virtual assistant can be a very rewarding side hustle you can start right now. Word of mouth is a highly rewarding method of advertising your services so if you do a great job for a few clients then they are likely to recommend others. This in turn gives you a great boost to your income.
In a generation where the internet plays such a huge role, especially with social media platforms, becoming a digital creator is a great side hustle you can start at the click of a finger. Do you have an eye for creating digital content that looks good? You could offer your services as a social media content creator, website builder or graphic designer. These are all services which businesses in this day and age are looking for. You may have a few expenses such as software costs to deliver the project but the margins can be hugely rewarding!
A side hustle as a baker can be very rewarding and requires very high levels of attention to detail. It is important to get customer orders correct and also be aware of any dietary requirements a customer may have. Your presentation skills should also be exemplary as the better your final product looks, the more likely you are to get repeat customers and new customers. Putting your finished product on social media platforms such as Instagram can get your brand travelling further than you can imagine.
Perhaps you are a huge fan of animals and have a passion for nature. If so, then dog walking is a great side hustle you can start right now. You can enlist your services on platforms such as Rover.com which will help you attract new customers. Chances are that you do not need any particular qualifications to become a dog walker but you should be able to understand canine behaviour as dogs can be a handful. If you plan on walking multiple dogs at once then you should understand each dog’s behaviour and have each dog’s best interests at heart.
A side hustle can be hugely beneficial in securing some extra cash, especially during the current cost of living crisis.
You can become a coach to others in so many aspects of life, be it finances, business or wellbeing. Being a coach to others requires in depth knowledge of the subject you are coaching. A coaching business is a side hustle that can be started from the comfort of your own home by making use of tools such as Zoom or Google Meets. A coach is seen as a trusted person who should always have the best interests of their clients at heart.
Starting a blog is a great side hustle you can start right now if you enjoy sharing your thoughts on subjects you are passionate about. A blog can be seen as a source of passive income but bear in mind that it can take some time before your blog starts generating any level of income. Consistency is key when is comes to blogging so ensure you set some time aside every week to devote to writing some blog content!
Before starting any of these 7 side hustles, you should follow these 6 Steps to Starting your own Side Hustle. This will put you in good stead to ensure you have all angles covered before embarking on starting a side hustle which can help boost your income and ease your finances.
Photo by Garrhet Sampson on Unsplash
Ade Omosanya is a father of one, a UK Chartered Certified Accountant and owner of AO Accountants Ltd. He has a keen eye for all things finances and shares his thoughts and tips via the My Future Pound blog.
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