Become an Affiliate Marketer $3,000Affiliate marketing has huge potential to make decent cash without too many investments. You’ll need to build a website (or more than one) to attract visitors and attempt to convert them to paying customers. You do not make the sale, but instead earn a commission from the company offering the affiliate program for each sale they make.
Different programs tend to have different rules so you’ll need to check the ones you’re interested it to understand how much money you could potentially make. 32. VW Westfalia Campers and Moped Flipping $50,000This is probably the side hustle I have the most fun doing. my pride and joy – 1978 MK2 Puch Moped, I have been buying and selling both VW Campers and mopeds since I was in college.
I love VW Westfalia Campers from the 1970’s and 1980’s and have owned 2 over the past 10 years. They have gone up a ton in value over that time, but you can still find deals on them locally. I also buy and sell mopeds – little 49 cc Italian and Austrian mopeds made in the mid 1970’s to the 1980’s.
I actually have a storage facility just for my mopeds and still love buying and selling them. These two hobbies of mine are actually great side hustles that I don’t ever imagine stopping. DO THIS: 3 “Musts” Before Starting Your Side Hustle, Even though you may have many ideas, I recommend you start with one side hustle at first so you don’t spread yourself too thin.
That’s the beauty of side hustling – you aren’t stuck with any one idea. Use every opportunity to learn, build new skills, and make new connections. Starting with the very first penny, your side hustle money needs to be stored in a safe place earning as much interest as possible, even while you sleep.
The best side hustle is finding something you love, that also happens to have loads of profit and growth potential. It will be a gig that isn’t strictly limited by your own time, but rather, could scale if it takes off or could generate passive income after an initial time investment.
BUT, understand that you really can make a ton of money in your spare time, and settling for less because you think that’s all you can squeeze out of a few hours each week is a disservice to yourself. Instead, having the right mindset and strategy as you evaluate your own side hustle ideas will help maximize the return on your time.
I’ve talked with too many people who tell me that they want to be career Uber drivers, despite the fact that Uber is clearly trying to replace all drivers with robots. Also, I see too many people trying to side hustle on websites where the only way they can compete is on price – essentially turning your time into a commodity product - The Best Side Hustle Jobs.
Understand the difference! If you’re just trying to drum up some extra cash fast, then both of the above could work. But as a long-term, sustainable side hustle, there are much better ways to spend your time. Is Your Side Hustle Scalable? Before you begin investing your time into a particular side hustle, you should consider the potential for scalability.
But walking dogs in the evenings or on the weekends doesn’t require anything more than the ability to walk. This doesn’t mean that if you’re busy you can’t find time to side hustle, it just means that you should calibrate the difficulty of your side hustle based on the amount of time you have.
They are able to do it because they schedule their time well and they just really want it. I had the opportunity to work personally with two Millennial Money readers, Rob and Melissa, who have three kids and run their own side business flipping items they find at thrift stores and auctions. Best Side Gigs.
While time is really limited, both Rob and Melissa also realize that the time they are investing today is their investment in a growing business – that will hopefully grow and compounding over time. Even with 3 kids, they are willing to make sacrifices today, to generate a bigger return on their time investment for the future.
But, just like saving, I viewed the time I was prioritizing for my side hustles, as an opportunity, not a sacrifice. When I was hustling super hard, I did have to turn down offers to hang out with my friends or go to certain events. Put side hustle time on your calendar and make it a priority.