The digital shift has created a perfect environment for anyone in the world to earn extra bucks with a side gig. The hustle generation is on the rise, and so depending on your skills, there are several thousands of ways you can earn a good amount of money during your downtime.
If you are paying off some debts, are one of those people who was hit hard by the COVID-19 pandemic, or just simply saving aside some money for the rainy days to come– a little extra can go a long way. While your full-time job can help you defray the cost of your essentials, a side hustle from home can serve as a game-changer that will take your finances to a whole new level.
A side hustle can provide supplemental cash flow for people who were forced to contend with income decline and serve as a valuable backup plan if the future of your job seems to be blurry.
With that in mind, let’s dig into the five side hustles you can do from home to make money online in 2022.
1. Affiliate Marketing
Savvy entrepreneurs know how to run a thriving business and they know how to grow it further. Since various industries are shifting to digital, one of the feasible ways on taking your business to the next level is finding an alternate income stream that doesn’t necessarily require you to start a second business.
You could go for affiliate marketing to complement your business if you already have one. If you don’t, you could be in the business by becoming an affiliate of other businesses.
Affiliate marketing is an online sales maneuver that allows a product owner to boost sales by permitting other people (the “affiliates”) to earn commission by promoting their products to an audience. On the same ground, affiliates get to make money without creating their own products.
Basically, affiliate marketing involves product or service referral by sharing it on social media platforms, adverts, websites, and blogs. Whenever someone would make a purchase through your unique, personalized affiliate link, you get to receive money through your recommendation scheme.
This performance-based side hustle is a profitable venture that can net you a healthy income.
The platforms you can use to kickstart your affiliate marketing business include ClickBank, DigiStore24, CJ Affiliate, ShareASale, Amazon, and a lot more. These affiliate marketing marketplaces have provided marketers with vast opportunities for income growth.
2. Fiverr Gigs
Remote working has been a popular trend these past few years, and one of the most famous online marketplaces where you can showcase your expertise is Fiverr. This services-offering marketplace offers a variety of endless work opportunities, gifting you a profitable income stream whenever you are in the world.
The online services people offers on the platform are called “gigs” and there are quite a lot of gigs in various categories, including graphic design, digital marketing, programming, and lifestyle.
Freelancers often turn their backs on Fiverr, thinking that clients on Fiverr only pay $5, but that isn’t true. Anyone can make thousands of dollars on the platform depending on the service, value, and experience they offer.
If you think you are not skill-equipped and qualified to offer a service to others, you have another option– have someone else work for you.
There’s this business model called drop servicing that will sell services that are carried out by someone else. You get clients and then get a skillful freelancer to do the job get done for you. The clients will pay you and you will pay the freelancer a lower amount, taking home a portion of his profit.
Of course, to begin your Fiverr gig journey, you need to sign up with the platform first. After that, you create a professional profile and put up the gig you are offering on the platform for everyone to see. You need to edit images that briefly discuss your offers.
3. Start A YouTube Channel
Anybody can start a YouTube channel for free and there are not many restrictions on doing so. Abandoning your day job to fully focus on YouTube seems to be an ultimate dream. After all, who wouldn’t want to turn their passion into a profitable income stream, especially one that possesses the ability to provide a source of passive income?
Thousands of influencers around the world have already made it, with some even becoming millionaires in a short stretch of time with bankable sponsorships, cool merchandise, and a legion of fans.
Professional YouTubers like Jenna Marbles, Shane, and PewDiePie, have earned millions of dollars out of their YouTube channel– which is only a small fraction of their actual income from the videos they make. This sound to be a dream, but if we look at reality, it’s quite hard to reach the same heights as these people did.
According to the current benchmarks in the industry, a YouTube content creator can only make about $1,000 for half a million views. So, unless you’re sure to acquire this many viewers every single time, you might want to examine other courses of action to turn YouTube views into money including:
- Running ads. Creators mostly make use of Google AdSense to leverage their content. They think of great videos that people love and earn passive income by running ads on them. Half a million views would earn you $1,000 and that works out to be around $2 for every 1,000 views (CPM). Click per 1000 impressions (CPM) can increase depending on your niche. To find good niches, try to find competitive keywords that have high cost-per-click (CPC).
- Selling digital products. This takes us back to our first point, which is affiliate marketing. Apply for an affiliate program that involves selling digital products, and put up your hop link on the YouTube description box. You could also promote the product in your video content.
4. Create A Course
Developing and selling courses online to make money is also one of the sectors that have grown significantly in the past few years. Since learning has become digital too, the demand for credible and authentic courses became extremely high and is projected to grow tremendously by 2026.
Making courses sounds so simple but it takes a lot of effort. Here’s a brief step-by-step procedure on how you can make money out of selling courses:
- Choose a niche
- Research the topic and create an efficient model that your audience will easily understand.
- Find a platform to sell your course.
- Promote your course.
5. Sell on Etsy
Etsy was designed to connect creators, collectors, indie artists, and small-time artists with customers looking for creative crafts for collectibles and gifts. It’s a go-to place for those who are looking for the good that has a personalized touch.
In the span of two years after its launch, Etsy has already reached half a million active users, making $26 million in sales. In 2018, it has achieved a new milestone by reaching 2 million sellers, having 50 million products within the platform.
Launching an Etsy shop is so simple compared to other e-commerce platforms that require design skills, coding skills, and an enormous amount of time to start. The platform lets its users set up a shop and list a product in just a few minutes.
Etsy is continuously growing and scaling. Creative entrepreneurs who are targeting a global audience are flocking to it, making its gross merchandise reach $10.28 billion in 2020. If you are into arts and crafts, Etsy is a good outlet to show off your creativity while making business.
