Start Earning Passive Income With A Side Hustle
The Great Resignation is well and truly here to stay. A phenomenon undoubtedly hastened by the COVID-19 crisis, disgruntled employees across the globe are seeking to overhaul their working lives. A recent Gallup poll suggests that almost half of the US workforce has one eye on another job. It seems like there is no better time to start a side hustle which could eventually free you from full-time employment. But where to begin?
For many people, finding the time to get started is the main stumbling block. With a 9 to 5 and a family, it is simply too difficult to build a business from scratch. In such cases, passive income is the answer. There are dozens of ways to earn money while you sleep. In this article, we’ll get you thinking about just a few of the lowest risk, easiest side hustles to start up.
Affiliate Marketing
You probably visit affiliate sites every day, without even realising. Do you shop online using price comparison tools? What about when you book a holiday and you make use of flight or hotel comparison webpages? These gadgets are incredibly useful, but the people who create them are not doing it out of kindness. They are making passive income.
Every time you book through such a comparison tool, the site’s owners get a share of the revenue which they generated. And this is common in hundreds of different industries. Everything from fashion and furniture, to gardening and gambling.
Vegas Slots Online is a great example of an affiliate marketing website in the online gambling space. They review casinos, providing customers with helpful information on the specific niche of slot games. Assessments of each casino’s payment methods, like debit cards or e-wallets, helps the customer understand how they can play for real money. They also talk about each site’s game library, covering modern video slots, progressive jackpots and classics of the genre. Further information about licenses, customer support and how to play free slots is also provided.
Our advice would be to concentrate on products and services that you know well. If you already have experience in an industry, or just have a passion for it, you’ll find the work easier and more enjoyable. But really, the world of affiliate marketing is your oyster.
Create Templates
People will do anything to make their own lives a little easier and less stressful. On websites like Fiverr or Etsy, a quick search reveals all kinds of services which help to organise your life. Budgeting templates and other Excel or Google Spreadsheets are particularly common.
If you opt to build such a template, you only need to do it once. Depending on how skilled you are, it probably won’t even take you very long. But you can sell this product over and over again. Each order takes seconds to fulfill and you can continue to reap the financial rewards. You won’t become a millionaire overnight by selling such tools for $10 or $15 a time. But hey, look after the pennies and the pounds will look after themselves.
Another idea is to build tourist itineraries. If you know an area well, why not share the knowledge? We’ve all been there, spending hours planning a trip, working out routes between various tourist attractions. There are plenty of people willing to pay someone else to handle it for them. Sites like Wild Bum allow you to sell itineraries, earning as much $75 a time.
Other Ideas
Hopefully the pointers we’ve provided so far will inspire you on your journey to earning passive income. But if you need further assistance, take the Make Money Without A Job quiz to help you discover the perfect side hustle for you.
In the meantime, let’s quickly rattle through some other services you could consider offering, depending on your own skills:
Stock Photos. If you’re something of a photographer, list your work on sites like Shutterstock and Adobe Stock to earn passive income.
Write Ebooks. Is writing more your thing? Then why not put together an ebook? You can sell this product repeatedly and the possible subjects are endless.
Online Courses. If you’re a born educator, create some kind of digital course. People will pay to learn all kinds of new things. Business skills, web design, cooking; any talent you have, you can monetise.
