Money is something that everyone wants, works for, and dreams about. It is certainly something important which can award you with super califragilistic expialidocious life.
Do you know why does this simple piece of paper so important? Why do you feel bad when you waste it, throw it or somehow lose it? The answers to these questions may vary from person to person. But most of the people will not hesitate to acknowledge that “money” is crucial for life.
So, how do people earn money? There are plenty of ways through which one can earn money. The most popular way is working as a salaried employee in 9 to 5 job. Sometimes, people earn money by owning business. A few clever people have made fortune by inventing new products or service.
Today, I will tell how you can make money in the side without quitting your day job. Side job is like pursuing a hobby. Where most of the hobbies cost money, side hustle is something that makes money. Your side hustles will not your enable you to attain financial stability, but also help you to acquire additional skills that may helpful in getting ahead in your full-time career.
1)Freelancing: the future of jobs
Due to technological and and socio-economic disruptions on business models, many companies are changing their workforce strategy. According to the World Economic Forum, “35 percent of skilled worker’s need will change by 2020. And companies are turning to freelance workforce for these jobs.”
Freelancers are of niche industry are in great demand. There are many free platforms like Upwork, Outsourcely, Guru, Freelancer, are available where you can easily get freelance, time-bound assignments.
How to find right freelancing job for you?
You need to understand that freelancing is serious business. You need to be competent enough to match the requirements of the job provider, and believe me; it’s not that easy. Evaluate your skill set? Are you a good writer, Web designer, coder or project manager or virtual assistant? Think about your capability and put them in good use.
2) Ecommerce: Set up your business
So, you might have heard stories of how ordinary people- like you- are earning thousands of dollars in extra income by launching their own online business. Well, if you have an awesome idea or service to sell, you can start selling it virtually with just a few clicks, thanks to many e-commerce turnkey solutions presently available for online business owners.
How to start your Ecommerce business?
Some of what you need to get started are as follows:
– A great business idea or product,
– Little capital investment to launch an e-commerce website,
– Fast Internet connection,
– And most important, work hard.
If you are still skeptical about the idea of starting an e-commerce business, don’t worry, there are many books available on the Internet that may give you detailed steps to run an Amazon, Shopify, and any type of e-commerce business.
3) YouTube: Take your presentation skills to next level
You might have seen many people who are good at their core skill but are not able to express it well during a presentation at their workplace. How to help to calm your nerve and set you up for better presentation and earn money as well? Practice and upload your video on YouTube! If you are an aspiring motivational speaker or coach, this business idea could be a stepping-stone towards financial freedom and even provides you with enormous opportunities to score high among your peers.
How to start a YouTube channel?
You can think of starting a channel about the latest news, recipes, education, health, and fitness, pet care, astrology, etc. You can easily AdSense account in order to earn money for your monetized videos.
4) Teaching: Share your knowledge with the world
Are you good at any subject like Science, English, Maths, Accounts and many more? Teaching is a broad category and offers numerous possibilities. Your 2-3 hours of teaching in an online class to foreign students could fetch you a considerable amount of income. This “virtual class” can have teachers and students from anywhere in the world.
How to Start?
You should know how to use Skype, Zoom and able to converse in English, as it is an international language. Check the sites like TutorVista, Tutor.com and CueMaths.
5) Career or business coaching: Help others to succeed
Do you have a vision or idea for a business? Do you like helping others in achieving their career goals? If yes, you can start an online career/business coach business.
How to start a career coaching business?
First of all, know your potential or area of expertise. Do you know tech, music, startup or creative industries? Know your ideal career fit and become more proactive about it.
Bottom-line
These are only a few opportunities that could provide you with an extra stream of income. You can explore more and pick a side hustle that can fit your schedule.
Side jobs are not just about putting extra cash in your pocket. In this uncertain economic condition where job loss can happen anytime, side income stream is like new ‘job security’ in which you are no longer dependent on the whims of single employers.
However, you should never compromise your full-time job to grow your side business. You need to have a look at employment contact, and non-disclosure agreement with your full-time employer before starting a side job. It would be better to arrange your priorities and save your regular job.