To help you discover the best side hustles you can do from home, we asked CEOs and business leaders this question for their best ideas. From selling graphic design templates to starting a blog, there are several cost-friendly side hustles that you can start to make passive income from home.
Here are 11 side hustles you can do from home:
- Sell Graphic Templates
- Use Your Skills to Help Start-ups for Equity
- Sell Products Online
- Sell a Digital Course On One of Your Hobbies
- Become a Streamer
- Home Sharing Via Airbnb
- Become a Content Writer
- Invest In Index and Mutual Funds
- Try Affiliate Marketing
- Launch An Amazon FBA Business
- Start a Blog
Sell Graphic Templates
With basic graphic design skills, you can easily earn money by selling your own creations. There are many platforms that make this possible – for instance, the lately very popular Canva. All you have to do is register on a portal for creatives, create templates, and then earn money on your own. How does it work? You get paid for every single use of your template.
Use Your Skills to Help Start-ups for Equity
Perhaps you’re a design student or a musician – maybe you’ve studied finance or languages. You’re likely to have some kind of skill that would be incredibly valuable to the start-up community. The downside of working for a start-up is that you’re not usually getting cash, but realistically if you want a passive income, that’s a good thing. After just one gig at a company, in return for equity, you’ll have that company stock for life. It could eventually create dividends, which is about as passive as you can get.
Sell Products Online
Selling digital products can be one of the easiest and most profitable ways to make money while you sleep. You upload your products once, and people can purchase and receive the link to a download automatically.
The good news about this is that a “digital product” is actually a broad term. You can sell tools, art, and printables, just as much as you can sell online classes. It can fall into both products and services category.
Marketplaces like Etsy have really changed the game for people who want to sell their crafts online, but that’s not the only one. You can do all of that from your own website, which would not only save you a little on fees but also gives you more control over your shop.
Co-Founder & CEO at DontPayFull
Sell a Digital Course On One of Your Hobbies
Online learning is booming, and you can still get into this space. Get started by developing an online course related to one of your hobbies. For example, if you enjoy gardening, then shoot a series of short videos on how to get started. Include all of the nuances of your hobby that might otherwise take a lot of research to put together, and aggregate them in your course. You can even go super-niche to increase your conversion rates significantly. For example, instead of a course on gardening, try developing one on tomato gardening, or planting specific types of plants in certain geographies or soil types. You can easily post these courses to platforms that already have traffic, like Udemy, and make a nice passive income if people are interested in the subject.
Become a Streamer
Streaming is very popular nowadays, and lots of people try their luck at it, but don’t let that discourage you. Just because there’s competition doesn’t mean you can’t have fun and get paid while you’re at it. Join YouTube Gaming, Twitch, or DLive, set up an inviting profile, and start streaming. Once you acquire a certain amount of followers, you will be able to start monetizing your streams while also, possibly, occasionally receiving donations or even subscribers. If you put some effort to it, who knows, maybe you’ll be the next Pokimane or Sodapoppin?
SEO Outreach Specialist,
Home Sharing Via Airbnb
Do you have an extra room that can be rented out? Homestays are fast trending now. You can take advantage of this opportunity if your space allows it. You can also do your own research and check on how they are posting such places in the Airbnb app. Consider the needs of the possible renters. You may also try to do a feasibility study to see and explore the possibilities. Demand for this type of accommodation is on the rise. And yes, it is a wise passive income option as the spot is lying there untouched within your premises. It would be wise to turn it into an income-generating business. Such will have less overhead and capitalization need. Again, you can study the aspects before jumping in. Fine research will always be the key.
Consultant and Content Writer,
Become a Content Writer
Content writing is great for a passive income for two reasons. First, it’s easy to start. All you need are your writing skills, a laptop, and an internet connection. With these, you can register on multiple writing platforms like Upwork and Fiverr, and start an online writing career. It’s just that easy.
Also, because it doesn’t require you to be there physically, it’s easy to work content writing around the schedule that you already have. You don’t need to overhaul your current schedule and routine to become a content writer. You just get something else to do in your free time. The time you spend scrolling social media, you can now use to write a paper or two.
Invest In Index and Mutual Funds
Different governments and big businesses release bonds to pay their debt. These are the safest investments for passive income in terms of value and security because the government’s goodwill and large multinational corporations will protect your funds.
Investing experts invest your Money in a different sector, so it’s pretty much safe than stock and other investments if you are looking for a passive income. While financial markets can be very volatile in any one week, month, or even year, they become amazingly predictable when seen across decades.
Try Affiliate Marketing
If you want to build your wealth passively, try out affiliate marketing for starters. Affiliate marketing earns you money through commissions earned from affiliate links. Affiliate marketing is made possible by blogging, where you incorporate links to products and services in the blog content. A commission is paid per the performance of your affiliate links in the blogs. In this line of the venture, the more link clicks you get, the more you earn, hence the need to have engaging content to increase your link clicks.
Launch An Amazon FBA Business
If you’re not familiar with FBA, it’s Amazon’s fulfillment service where they store and ship your products to customers on your behalf. You purchase wholesale from Chinese manufacturers and have Amazon store, pack, and ship the products. This is a great way to learn eCommerce and Amazon since there is very little work on your end.
The best thing about this business is that you can start it with little to no money, and it’s a good side business that can turn into a full-time business once you get good at it. To get started, I highly recommend watching youtube videos from existing FBA sellers.
I’m a firm believer that everyone needs a passive income stream. Even if you plan to work until you die, it’s good to have a stream of income.
Founder & CEO,
Start a Blog
If you have information and content that you would like to share with the world, starting a blog could make you significant passive income each month. Once you have built up a decent subscriber list, businesses and brands will pay you to advertise on your blog. You can also get a commission from any purchases that are made from those ads. Maintaining a blog can be done from anywhere and there are so many software programs to help you share on them. This is one of the most versatile and cost-effective ways to create passive income.
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