Making extra money on the side is very easy when you know the kind of opportunities and areas to look for. Having side hustles assists you, mostly during a career change, to mask employment and skill gaps. Data collected in the United States of America states that about 40% of Americans have a side hustle, which fetches them a monthly average stipend of about $483. Also in Africa, about 63% of the labor force is involved in some type of side gig, aside their main jobs.
Whether you want to pay off a student loan debt, build an emergency fund, save for a big purchase, or make more money, finding a very good side hustle outside your chief job is a great way to grasp your objective. This article seeks to inform you about seven of the best side hustles that can help you rake in extra cash.
1. Fashion Consultant
2. Online Instructor
3. Social Media and Digital Operations Manager for SMEs
Almost every Small to Medium Enterprise (SME) is over-reliant on subcontracting for most of their digital operations and activities. These companies mainly solicit help on different parts of their business. For instance, these companies and businesses primarily contact outside parties to handle their social media presence and seek content writers to build their websites. As a Social Media and Digital Operations Manager for SMEs, you assume full responsibility for the stability and availability of all the business’ digital platforms, including managing senior partners and vendors, to provide the best digital experience. Aside from overseeing the day-to-day operation of the company or business, you indirectly mentor team members and implement best practices across all levels.
4. Freelance Graphic Designing
5. Driving Commercial
6. Software Developer and Web Designer
Side hustles have become more popular and profitable in recent times. A study shows that the percentage of side hustlers making over $1500 from 2020 to 2021 has doubled. With the number of people taking up side gigs still increasing, side hustlers use the extra cash that comes in to cushion themselves against their expenses and pad their savings accounts. It also helps these individuals spend freely. However, not everyone is in the same weight class when it comes to the side hustle economy. Some surveys even show that women rely on their side gigs a lot more than men do, just as young folks also engage in them more than older people.