5 Insanely Profitable Side Hustles You Can Start This Weekend!
Side hustles let you make extra dough with zero or very little financial investment. They are a financial cushion that lets people rest while they are crunched by a myriad of obligations. Your monthly income is falling short? Start side hustles! You’ve got an innovative idea? Go for side jobs! You want the financial freedom? Side hustles are the solution. The rise of online platforms and side gigs pushed people to indulge in this market. Looking deeper, the online service market is more rewarding and liberating. People get to choose their working hours and incomes per project. So, depending on the ease of starting, scalability, flexibility, and profit potential, we’ve explored five physical and virtual side hustles that are beginner-friendly and insanely profitable. 5. Freelance writing: turn your words into income One of the most rewarding and creative side hustles can be freelance writing. This flexible side hustle needs only 12 to 13 hours of work weekly and has the potential to convert into a full-time job. Here are a few steps on how to start freelance writing as side hustle: Identify skills There are so many areas to write about. You can write blog posts, articles, social media captions, product descriptions or tech reviews, etc. Whatever thrills you, choose that field and then hone your skills. There is only one way to polish your writing; just keep writing! Select your niche Select your niche based on your interests. You might be a pro in digital marketing, a health guru, an enthusiastic traveler, or tech-savvy. Whatever excites you; bring it under your keyboard. Pitch yourself If you have written enough about your niche or built a strong portfolio, pitch clients on different platforms. You can submit articles or blog posts to online magazines in your respective niche, communicate with networking groups, or send cold emails. Another lucrative option is to explore online platforms like Fiver, Upwork or Freelancer.com, etc. To pitch yourself in these types of side hustles, you’ll need a resume, testimonials, details of previous projects, and contact information. On Upwork, freelancers charge an average of $30 per hour. If you put the right efforts in, you’ll not mind this much money, that too in side jobs. 4. Virtual tutoring: share your knowledge If you lack any other digital skills and are qualified; congratulations, the world needs you! Virtual tutoring is one of the best side hustles to vouch for. If you are qualified in sciences, literature, or history, you can share your knowledge and get paid. You can sell your services even if you are a musician or sportsperson. Here are some steps you can follow to enter the market of virtual tutoring: Business structure You must decide whether to teach alone or build a tutoring service. Optimize your services accordingly. Prepare teaching materials and determine the number of students you can teach. Don’t overdo the numbers; focus on the quality of your deliverables. Build resume The resume for online tutoring is a bit different. It includes qualifications, credentials, or certifications. It should also mention the freebies that you’ll be offering. For example, if you are teaching through the Zoom app, offer extra reading materials or videos to your students. This unique selling point will make you stand out among other competitors. Get the right tools For transparent communication, you can use Zoom, Google Meet, or Microsoft Teams apps. Invest in a good microphone and camera to make your clients’ tutoring experience as smooth as possible. Search the market Dive into the market to look for in-demand subjects or fields. You can sell services at freelancing platforms as well as some tutoring-specific websites like Varsity Tutors, Udemy, Thinkific or Wyzant, etc. You can charge between $10 and $100 per hour, depending on your expertise, experience, and clients’ trust. Not a bad deal, right? 3. Dropshipping: start an online store without inventory Dropshipping will be a $476.1 billion industry by 2026, according to the reports. It allows you to start your store without the concern of manufacturing and inventory management. Here is a five-step approach on how to do dropshipping; Product hunting Hunting for the right product is the most vital milestone in these kinds of side hustles. Select a micro niche and opt for a product with low competition. For example, if you are selecting the beauty industry, don’t sell everything in this niche. You can narrow it down to specific products, such as vitamin C serums or sunscreens. Analyze Google trends and also choose the product with a good profit margin. Go for a reputable supplier A supplier is the backbone of dropshipping. Go for a reputable and local supplier. Negotiate with him the product quality, product collection, quality, shipping, delivery rates, pricing, customer support, and eliminate copyright infringement. Shopify suggests a list of trustworthy suppliers that you can consult. Marketing is the key Marketing can make or break your business. If you lack this skill, learn it through paid courses or simply from YouTube. Design your brand logo, select fonts and theme colors. Launch your marketing strategy Launch a robust marketing plan. You can use social media marketing, email marketing, influencer marketing, and run paid ads using Google ads. Use SEO strategies to rank your store higher in search engines. Exceptional customer service Your customer service will decide how your store will be labeled; a good one or a bad one. Physically check the product quality and never compromise on that. Many people are willing to pay more if the product is good and delivery time is less. Respond to customer queries, also request feedback and reviews. 2. Pet sitting or Dog walking: Make Furry Friends Another lucrative option in this list of best side hustles is pet sitting or dog walking. According to Thumbtack reports, dog walkers earn an average of $20-40 per hour in the US. If you are an animal lover or tired from your desk job and want to start a side job, make furry friends and earn handsome money. All