In this economic climate, a lot of people could use an extra $1,000 every month or so. Maybe you don’t want to get a second job but as long as you have a little starter money, you can find creative ways to create a side hustle and make even more money.
These side hustle ideas will get you started in thinking outside the box and, hopefully, help you in starting one today – and come up with new ones later on:
Selling Stuff on eBay
Pick an item that you know about, say children’s clothing or books, and see what’s selling either of these sites. Then hit up garage sales and resale shops to find items that are in good to great condition. You can even fix up furniture or electronics, if you have the knowledge, and resell them a much higher price.
Start with items you know and gradually expand. As trends change from time to time, you should learn what’s hot (and what’s not).
Check out one of the episodes of Gary Vaynerchuk‘s Trash Talk to have a look-see at how someone (a multi-million-dollar entrepreneur in this case) turn $75 into $1,000+ by garage saling:
Making Custom-made Items
Are you a soap maker? Does your dog gobble up the organic dog treats you make? Why not start up a small side business making useful, high quality items that others will gladly buy. You can sell to friends or on line in a shop like Etsy.com
Make sure to start small and test the market before investing all of your $100 into supplies. Then scale up as you gain exposure and profit.
If Etsy.com is your thing, check out Kristen Shane‘s tips on how to get started:
Tutor or Consultant
Were you a math whiz? Can you speak Chinese fluently? Are you a successful business person? Parent’s will gladly pay to help their child succeed and who wouldn’t want to become better in their career? Invest in a few books to brush up on areas where you may be rusty or use it to gain new, up to date information, then advertise around schools and libraries.
A similar niche to tutoring is consulting. Starting a consulting business doesn’t require much monetary investments. Your biggest investment is your time and effort in getting your skills and knowledge up to date.
As you get experience, you can raise your rates until you reach your desired per hour rate. Check out the tips from Natalie Barbu.
Remember affiliate marketing? No, affiliate marketing is not dead. But the industry changes considerably. Today, you don’t cold sell your affiliated products/services. Rather, you use various methods – typically by building communities on social media and so on, as well as deploying various digital-based marketing tactics to sell your products/services.
While digital marketing is free to do, you do need some funding – $100 in this case – to get a website – or a landing page, at least – up and running as a destination for prospects who want to learn more about your business.
Darrel Wilson shares the tips from A to Z – one of the best digital marketing business startup tips out there:
Online Investing – in Anything, Really!
Thanks to the Internet, there are boatload of investing opportunities online, ranging from online lending to cryptocurrency trading.
If you don’t need your $1,000 very quickly, you can invest it by loaning it to others through peer to peer lending sites on-line. Just make sure that you meet all of their criteria when you sign up. You can also try the hottest investment vehicle of all today, cryptocurrency trading. It’s pretty much like stock trading, but choosing the right cryptocurrency or crypto-projects can double, 10x or 100x your investments.
Of course, there are risks in every investing endeavor, so make sure you do your own research first before taking on any investment opportunities.
In term of crypto trading, there are some trustworthy sources to learn from; MoneyZG is one of those.
There are tons of other ideas to try, but for starter, try one of these ideas and get started making your first $1,000. The idea here is to keep on trying until you found one – and then two, three, and so on – stream of income that can lead you to financial independence.
Cover photo credit: Artem Podrez / Pexels