10 EASY SIDE HUSTLE IDEAS I am trying after being laid-off & how much money you can make from them
TLDRIn this video, the creator discusses various side hustle ideas that can potentially generate a significant income, especially after experiencing a job loss. The video covers a range of ideas from starting an Etsy store, dog sitting or walking, affiliate marketing, freelance work, and creating a YouTube channel to driving for services like Uber, becoming a virtual assistant, developing online courses, setting up an online store, and starting a podcast. Each idea is evaluated based on the required skills, ease of starting, and the potential income that can be earned. The summary emphasizes the flexibility and diverse opportunities available for generating additional income streams.
Takeaways
- 💼 After being laid off, the speaker realized the importance of having multiple income streams and started exploring side hustles.
- 🎨 Etsy is a platform where you can sell various products, requiring some skills like graphic design or woodworking, and can be a source of passive income.
- 🐾 Dog sitting or dog walking through platforms like Rover or Wag is an easy side hustle if you love animals, with the potential to earn depending on the number of dogs you take care of.
- 🔗 Affiliate marketing involves promoting products through unique referral links and earning a commission on sales, suitable for convincing individuals with a social media presence.
- 🖋 Freelance work on platforms like Fiverr and Upwork can cover a wide range of skills from writing to video editing, but the income depends on standing out in a competitive market.
- 📹 Starting a YouTube channel allows for content creation on various topics and, once monetized, can generate passive income with the potential for high earnings as the channel grows.
- 🚗 Working as a driver for services like Uber or GrubHub is straightforward but has a lower earning potential compared to other side hustles.
- 👩💼 Becoming a virtual assistant or personal assistant can be done remotely and involves administrative tasks, with a moderate income potential based on hours worked.
- 📚 Creating online courses on platforms like Teachable or Kajabi can turn your skills into a source of income, with high potential earnings once the course is set up.
- 🛍️ Setting up an online store through Shopify or similar platforms to sell products or merchandise can be profitable with the right marketing and scaling.
- 🎙️ Starting a podcast requires minimal skills and is easy to begin, but monetization through sponsorships requires a significant audience, making the potential income less predictable.
Q & A
What is the main topic of the video?
-The main topic of the video is about making money through side hustles, particularly after the speaker was laid off from their job.
Why did the speaker decide to start a side hustle after being laid off?
-The speaker decided to start a side hustle to ensure they have other sources of income in case they lose their job again or need to take a break from work.
What is the first side hustle idea the speaker discusses?
-The first side hustle idea discussed is starting an Etsy store to sell handmade or unique products.
What are the skills required to sell products on Etsy?
-To sell products on Etsy, you need to have skills in areas such as graphic design, woodworking, or painting to create products that can be sold.
How easy is it to set up an Etsy store?
-Setting up an Etsy store is quite easy; you just need to go to etsy.com, scroll to the bottom, click on 'sell on Etsy', and follow the instructions.
What is the potential monthly income one can make from an Etsy store?
-The speaker suggests that making around $500 a month from an Etsy store is reasonable, depending on the product and profit margin.
What is the second side hustle idea mentioned in the video?
-The second side hustle idea mentioned is dog sitting or dog walking, using platforms like Rover or Wag.
What are the skills required for dog sitting or dog walking?
-The primary skill required for dog sitting or dog walking is a love for animals and the ability to handle pets, including larger dogs that may pull during walks.
How easy is it to start dog sitting or dog walking using Rover?
-It is very easy to start; one can simply go to rover.com, sign up to become a sitter, and the process is straightforward and user-friendly.
What is the potential upside of dog sitting or dog walking in terms of monthly income?
-The potential monthly income depends on how many dogs one is willing to sit or walk. The speaker charges about $50 a day, so if they had one dog every day, they could make $1500 a month.
What is affiliate marketing and how does it work?
-Affiliate marketing involves promoting products through a unique referral link. When people click on the link and make a purchase, the affiliate earns a small percentage of the sale as commission.
What are the skills required for affiliate marketing?
-The primary skill required for affiliate marketing is the ability to convince friends, family, and followers to buy products through your referral link.
What platforms can one use to start affiliate marketing?
-One can start affiliate marketing through platforms like 'Like to Know It' and the Amazon Associates program.
What is the potential monthly income from affiliate marketing?
-The potential monthly income varies greatly depending on the size of one's social media following and the effort put into promoting products. The speaker has made around $40 from their affiliate links, but influencers can make thousands of dollars.
What is the fifth side hustle idea presented in the video?
-The fifth side hustle idea is creating content on YouTube, which can become a source of passive income once the channel is monetized.
What skills are needed to start a YouTube channel?
-Skills needed to start a YouTube channel include being confident on camera, having knowledge in the content area (e.g., cooking, lifestyle, etc.), and potentially video editing.
What is the potential monthly income from a YouTube channel?
-The potential monthly income from a YouTube channel is vast and can range from a few hundred dollars to tens of thousands of dollars, depending on the number of views and monetization strategies.
What are some additional side hustle ideas mentioned in the video?
-Additional side hustle ideas mentioned include working as a driver for services like Uber or GrubHub, becoming a virtual assistant, creating online courses, starting an online store, and starting a podcast.
What are the general skills required to start a podcast?
-To start a podcast, one needs to be chatty and bubbly, have the ability to edit audio, and use recording software.
What is the potential monthly income from starting a podcast?
-The potential monthly income from a podcast is typically through brand sponsorships and deals, which can vary widely based on the podcast's reach and audience size.
What is the ease of starting an online store?
-Starting an online store is relatively easy with platforms like Shopify, but scaling and achieving consistent income can be challenging.
What is the potential monthly income from selling products online?
-The potential monthly income from selling products online can range from a few hundred to several thousand dollars, depending on the product, pricing, and marketing efforts.
What is the potential monthly income one can make from all the side hustles combined?
-The potential monthly income from combining all the side hustles could be at least $620, but it could be much higher depending on the success and scale of each side hustle.
Outlines
💼 Making Money Through Side Hustles
The speaker discusses the potential to earn millions through side hustles, which can provide financial security and independence from traditional employment. They share their personal experience of being laid off and the realization that having multiple income streams is crucial. The video outlines ten side hustle ideas that could generate at least $6,200 a month, including the speaker's own experiences and others they've researched or heard about. Each idea is evaluated for required skills, ease of starting, and potential earnings.
🐕 Dog Sitting and Walking with Rover and Wag
The speaker shares their experience with dog sitting and dog walking services like Rover and Wag as a side hustle. They emphasize the ease of getting started with these platforms and the flexibility they offer. However, they note that the potential income is dependent on the number of dogs one is willing to care for and the rates charged. The speaker also mentions that while it's a good source of extra cash, it's not a passive income source due to the time and energy required.
🛍️ Affiliate Marketing and Online Selling with Etsy
The speaker talks about their experience with affiliate marketing through platforms like LiketoKnowIt and Amazon Associates, and selling products on Etsy. They discuss the minimal skills required for affiliate marketing, mainly the ability to convince others to make purchases through one's referral links. The speaker also shares their personal journey of setting up an Etsy store and the potential for passive income from digital products or print-on-demand items. They provide a hypothetical example of how selling t-shirts on Etsy could generate a significant monthly income.
🖋️ Freelance Work and Starting a YouTube Channel
The speaker discusses freelance work, particularly in copywriting, as a viable side hustle. They mention the need for specific skills and the competitive nature of platforms like Fiverr and Upwork. The speaker also talks about their experience with YouTube as a side hustle, emphasizing the effort required to start and grow a channel. They highlight the potential for monetization through ads and brand deals, which can lead to substantial income once the channel is established and has a good following.
🚗 Driver Services and Virtual Assistance
The speaker explores becoming a driver for services like Uber or a delivery driver for GrubHub, noting the low barrier to entry but also the limited potential for income. They also discuss the possibility of becoming a virtual assistant, which offers the flexibility of remote work and a moderate income potential. The speaker suggests that while these side hustles require time and effort, they can provide a steady additional income stream.
💻 Online Courses and Creating an Online Store
The speaker is interested in creating online courses, particularly for skills like cooking, and selling them on platforms like Teachable or Kajabi. They highlight the potential for high income from online courses once they are created and the passive income nature of this side hustle. The speaker also talks about starting an online store, similar to their past experience with a swimwear business, and the potential for significant income if the business scales well. They note the ease of setting up a store using Shopify but also the challenges of scaling the business for higher earnings.
🎙️ Starting a Podcast as a Side Hustle
The speaker expresses a desire to start a podcast, possibly with their partner, as a fun side project. They discuss the low barrier to entry for podcasting, requiring only basic recording software, and the potential for monetization through brand sponsorships. However, the speaker acknowledges that scaling a podcast to the point of attracting sponsorships can be challenging. They give podcasting a lower rating for potential income due to the effort required to build a large enough audience to attract advertisers.
Mindmap
Keywords
💡Side Hustle
💡Laid Off
💡Etsy
💡Dog Sitting/Dog Walking
💡Affiliate Marketing
💡Freelance Work
💡YouTube
💡Delivery Service
💡Virtual Assistant
💡Online Courses
💡Online Store
💡Podcast
Highlights
Making money through side hustles can provide financial security and independence, even after being laid off from a job.
Side hustles can potentially replace your entire income, offering flexibility for career breaks or travel.
Etsy is a platform for selling handmade or unique products, offering a passive income stream once set up.
Dog sitting or dog walking through platforms like Rover or Wag can be a flexible and easy side hustle for animal lovers.
Affiliate marketing can generate income through referral links, requiring minimal skills and setup.
Freelance work in areas like copywriting or video editing can be a lucrative side hustle for those with specific skills.
Starting a YouTube channel can lead to significant income through ad revenue and brand deals.
Driving services like Uber or food delivery with GrubHub can provide a steady, albeit lower-upside, income stream.
Becoming a virtual assistant offers remote work opportunities and can be a scalable side hustle with a moderate pay range.
Creating online courses in a skillful area can lead to high-income potential with minimal ongoing effort after creation.
Setting up an online store through platforms like Shopify can be a scalable business opportunity with a potentially high income.
Starting a podcast can be a fun and engaging side hustle, although monetization might take time and effort to achieve.
The potential to earn from side hustles ranges from a modest monthly income to thousands of dollars, depending on effort and scalability.
Each side hustle idea comes with a different set of required skills and a varying level of effort needed to get started.
The ease of starting a side hustle varies, with some platforms like Etsy and Rover offering straightforward setup processes.
The potential upside of side hustles can range from passive income sources to active and engaging endeavors with high earning potential.
Side hustles can be tailored to personal interests and skills, offering a personalized approach to generating additional income.
The author emphasizes the importance of having multiple income streams for financial stability, especially after experiencing job loss.
The video provides a comprehensive guide to starting and scaling various side hustles, including tips on skills and potential earnings.