A side hustle can be a great way to improve your financial future the income you reciceve from a side hustle can be used to fund multiple properties or boost your stock portfolio ,so its something id recommend to almost anyone who has the time, I will split this into side hustles which require no budget, a medium budget and a £3000 +, if you like the idea of any of these side hustles please do your own further research and try them out once you fully understand what you need to know.
The no Budget Options
These options are for people who don’t have any money to invest or just don’t want to risk any of their own capital into a business venture as it may be there first.
Instagram Theme Pages
This is something I personally do, anyone that uses instagram on a consistent basis will know there are pages known as theme pages where you repost content (give the original creator credit in you’re post) for a particular niche, for example this may be travel so you would repost travel photography or it may be about luxury cars ,so you would repost luxury cars. The first question I had was is this a good thing to do you are using other peoples content for your benefit, well creators will often thank you for doing this as for them you are giving them free traffic to their pages which can then convert to sales for there business if they have one, some people may ask you to take the photo down and you should repeat that and do so ,but this is rare.
Your goal with this business is to grow a following which you can then convert into customers.
How can I make money doing this:
Use it as a place to sell a personal digital product
sell shoutouts to other pages
Use it for affiliate marketing
Ive just listed some of the main ways people make money doing this business ,but you can use it in a different way to make even more money it depends on you and the niche you are in.
How much can I make doing this?
Typically you might make a couple hundred pounds per page each month however some of the biggest pages generate £1 million + so it really will depend on how you monetise your page and how big and engaged your following is.
Ive put YouTube in the list assuming you have a phone and access to a laptop or computer to edit and upload your videos.
This works much in the same way instagram does in the way you are trying to turn followers to customers, however you have to additional benefit of google Adsense once you get monetised through YouTube.
To start you would choose your niche and what type of videos you plan on doing for example are you doing a vlog or are you creating top 10 videos etc. the list goes on once you have this sorted you need to create your videos.
with YouTube and any social media it is important to stay consistent so you need to be uploading 2 times per week minimum ideally, to help yourself I would recommend creating your first months worth of videos before uploading any video , this will help you to stay consistent as you should always be a moth ahead of your videos so one bad week or a week away won’t impact the way the algorithm see you as you should schedule these videos.
How can I make money doing this:
Adverts on your videos
How much can I make from this
this depends on your niche however don’t expect to be making huge amounts of money out of the gate as this it will take time to build your audience like with instagram.
How could I invest in a channel to improve my content
This will depend on your niche but typically a better camera than a phone would be a good start something such as the Sony zv-1 or improving your laptop or editing software would also be a good way to improve something like a MacBook Pro is something a lot of you tubers use.
Mid Budget Side Hustles
I’m defining mid budget as anything from £100 to £3000 this is a good place to start for most people
Buying a selling on eBay
this is something I have a fair amount of experience with I haven’t gone fully into it due to my current lack of space however I have sold hundreds of items throughout the past 2 years on eBay.
the benefit of reselling is the pay of is fairly fast, whereas instagram and YouTube are long term plays where you may have to wait months or even years to see a pay off eBay you can see a return within weeks or sometimes days.
Things you need to start
A printer to print of your labels I often just stick mine to the parcels using cellotape however you could by a label printer I use a hp printer however there are may other good printer brands you can use.
Postage bags to send your parcels in
and packing boxes if you need
The eBay App on your phone
products to sell
How to do this
You have multiple ways to start this ,but the hardest thing to do is to find a decent product or products to sell the two ways I had success with are auctions both online or in person you can find these all over the world it doesn’t matter where you are from, or discount stores or sales in supermarkets once you start actively looking for products to sell you will spot oppouruntities everywhere good ive found good scubas with memory sticks and camping equipments generally.
Make sure all the items are shipped out in time and are packaged correctly you want to maintain a 5 star rating, and always keep your postage receipts you may need to prove to some people that you have posted an item.
How much can you make from this
Again this depends on your budget and how long it takes you to sell products but I would estimate most people could reasonably expect to make above £1000 a month after a few months of doing it with a decent amount of money invested into getting new products.
crypto mining is something i’ve recently been told about, you effectively use your computer to solve problems which in turn give you a crypto reward this was designed by the creators of crypto currency to mimic real life mining of gold and other resources. Now the reason I haven’t put this in the free section is you need a mining rig or a specialist crypto miner to make it worth your while.
the amount of money you can make from crypto mining will greatly depend on the price of the currency you are mining so assuming the price of various crypto currencies continue to rise this would make this a good side hustle to start however its important to remember like anything the price could fall seemingly over night.
High budget options
3d walk through tours
3d walk through tours are becoming more and more popular every year due to the convince of for both estate agents and home buyers.
To do this you would buy your 3d scanner of choice you would then approach various estate agents in your are showing them what you do and how It can improve there business some may turn you down however if you offer a fair price you should get a lot of customers.
The 3d scanner generally used for this is a matter port 3d scanner which will cost approximately £2800 however it can scan to a 1% accuracy and produces some very high quality scans.
with this business you can do more than just homes you can do tours of anything from camper vans to gyms so you don’t just have to limit yourself to approaching estate agents.
How much can I make from this
With this business you could fairly easily make £300-£500 a day or even more once you gain a good reputation or hire employees.