May 8, 2021 5 min read
The opinions expressed by the entrepreneur’s contributors are their own.
It never hurts to have multiple sources of income, especially when building a business. A side business (or two) can be a great way to let money in, ease your anxiety, and ease some of the financial burdens that come with being an entrepreneur.
According to a recent study by Zapier, more than a third of Americans have a side business. Jump into one of these 10 high income sideline job ideas that will help you make money quickly without ever leaving your home.
1. Start a Youtube channel
There is a lot of advertising money to be made on YouTube. For example, my wife is a nurse here in Los Angeles. During her free days, she shared her medical and personal experiences of pregnancy and parenting of a child on her YouTube channel. It’s a creative approach for them that helps others expand their knowledge while generating advertising revenue at the same time.
2. Run Instagram or Tiktok ads for other businesses
If you’re a world-class marketer, you can make a lot of extra cash by marketing for other brands that aren’t reaching Gen-Z audiences as well. Work on your network to identify business owners who need this service. You can make $ 1,000 a month or more without taking too much time.
3. Domain flipping
The right domain names can be incredibly lucrative, and brands pay a lot of money for them. By the age of 20, I had sold 25 premium domains to Fortune 500 companies. You need to look out for domain names that can be lucrative. Once you’ve bought and registered them, you can place them on auction sites like Godaddy and Flippa and then sell them to the highest bidder.
Related: How to Negotiate the Price of an Expensive Premium Domain
4. Sell your creative skills
Do you like to paint, draw, write or do something else creative? There is a market for this on marketplace websites like Fiverr and Upwork. Make a little extra money doing what you enjoy.
5. Sell an online course
Teach others how to become a master at your subject with online courses. Once the initial setup is complete, this is an excellent way to generate passive income. There are many platforms such as Thinkific, Teachable and Kajabi.
6. Create an ecommerce store
With Shopify, building an ecommerce store from scratch is a breeze. I’ve helped several artists and influencers start lucrative Shopify businesses from home that bring them passive income every month.
7. Get paid for your advice
Consultants are in great demand. It is even better to be a consultant. You can consult as many or as few hours as you want in any given month. Register as an Expert in Clarity and calculate $ 10 per minute or more for your time. People can set up calls with you to hear your advice and discuss their ideas, and you get paid to share your experience. It’s a win-win situation.
Related Topics: How To Start A Consulting Firm: Your Unilateral Business Plan
8. Invest in rental properties
Buying property to rent out is a good investment strategy. It does require some upfront cost but you will recoup that cost once you have a tenant in the unit. Plus, your device will become more valuable over time. Use a website like Bigger Pockets to learn more about becoming a real estate investor and to find great deals near you.
9. Become an indie hacker or solo preneur
One of the best ways to make money is to start your own business. If you want to work for yourself and control what type of work you take on, becoming an indie hacker or solo preneur might be the right option. Join a community like Indiehackers and get in touch with others who are also starting or growing their businesses.
10. Write a book
They have a unique story. Write it down and sell it on Amazon. Use Amazon’s self-publishing service to distribute your book on Kindle or paperback. Be sure to work with an editor before publishing to make sure your book is polished and professional. Once it’s online, you get paid when people buy it. Not only will you be earning extra income, but you will also build your reputation and improve your digital profile. This can be very helpful when starting your new business.
11. Become an affiliate marketer
Build a website that is marketed in a specific niche. Then add affiliate links that are relevant to that niche. You make a small amount of money every time someone clicks the affiliate link and makes a purchase. This takes some preliminary work, but can be a great way to generate passive income while improving your business skills.
12. Selling NFTs
Non-fungible tokens are a hot topic these days. They represent an emerging class of crypto assets and offer the opportunity to trade unique digital goods such as collectibles, in-game items, and other memorabilia. NFTs can be sold on platforms like OpenSea, Rarible, and Foundation and are a great way to make money on the side if you are an artist.
The decision to start a sideline should not be taken lightly. You need the right skills, knowledge, and training to be successful in this endeavor. Fortunately, there are plenty of resources available for those who want to be on their own with little or no experience from home.
Related: What Is an NFT? In the next billion dollar crypto sensation.