In one of our recent blogs, we talked about the importance of having multiple income streams as being an integral part to growing your own personal wealth and how to use this to not only build your current income, but to help speed up the process of making larger purchases in the future,
In this weeks instalment of Credit Tip Tuesday, we'll be going over the specifics and some of the top side hustle ideas you should consider if you want to make money on the side.
When it comes to your own financial growth, there's a lot of money to be made online these days and that's where we want to focus this top side hustle list.
Social Media Management
This is one of the top side hustles if you're someone who loves social media and loves to drive awareness and growth to a brand. These jobs typically make around 500-2000 per month depending on how you structure the contract and the role consists of posting on social media for your clients and engaging with the audience. This role requires you to stay up to date on current trends and is beneficial if you know the target audience well as you can really hone in on the tone of your posts to really capture their attention.
With the rise of social media, a lot of businesses are hiring for these roles and it is an important position for companies to have as social pages of businesses are typically one of the first things people see when browsing for a business. This gives them social proof and validity for those unaware of their products and services. Companies such as GymShark & Mejuri were purely online based and is how they grew the majority of their following before creating their own physical stores.
The potential for growth using social media is something brands should definitely not ignore as if you're someone to get caught behind in the trends, so will your sales.
Furniture Reselling
When it comes to the used marketplace, furniture is something that is commonly bought and sold on these platforms. A really interesting side hustle idea would be buying and selling furniture you find on marketplaces. A lot of times, people are looking to sell furniture cheap just so they can get rid of it asap and clear up some space in their homes. Or alternatively, many students sell furniture for cheap just to make quick cash as they move out of their dorms/student homes due to graduation or even for the summer. This is a great way to find undervalued goods on the marketplace and sell for them a higher cost to make for some quick profits.
Note that this is a slowly growing tactic so you might want to hop on these listings quickly. If you're lucky, you could even find some furniture for free even.
Becoming a Virtual Assistant
As stated before, with the rise of the online space, bigger corporations and even smaller businesses are sourcing their administrative duties to virtual assistants. These tasks can be as simple as data entry or even fulfilling online orders. The responsibilities of this role is typically fairly simple and mindless work. If you're someone who doesn't mind repetitive tasks, then you should definitely consider this to make some extra cash on the side. If you possess the right skills, then you could easily find some jobs and make all of this money from the comfort of your own home.
Driveway Snow Cleaning Services
If you own a snowblower or even a shovel, another great way to make cash is to offer to clean your neighbours driveways. These jobs can pay upwards of $50 per home and if you get enough clients, you can easily book yourself for making $1000 on the weekends. It would especially be useful if you did own a snowblower as this drastically reduces the time it takes to clean driveways, which would allow for you to clean a lot more driveways and earn more cash by the end of the day,
Selling Digital Products
If you want a completely passive business idea, consider some form of digital product on the internet. This could be as simple as digital planners or even wedding invitations. Etsy is an amazing platform to sell these products and once you've created the files for your products, you literally let the business work for you as you don't need to package or fulfill any orders. These are usually done in a digital download format so once they purchase your product, they would instantly gain access to this.
Using digital ads or even leveraging social media platforms such as Tiktok/Instagram is a great way to drive traffic to your products and gain some sales.
These are some of the top side hustle ideas for 2022 but know that we have a lot more on our list so stay tuned for some more ideas.