Wherever you look, you’ll see reports that the world has become a more expensive place to live. For that reason, you might think it is the right time to act on your long-time plan to start a side hustle – with the intention of either boosting your income or using it to replace your current 9-5.
You might well have the enthusiasm, but what you lack is an idea of what to do. You’ve looked on Google but all you can find are surveys to answer for a pittance or some programs that are best left well alone. To give you some alternatives, here are some side hustles that are a bit more ‘hands-on’
1 Start an eCommerce business
This might be perfect for you as you can start small, possibly by selling off some of the many unwanted items in your home on a certain well-known online auction site. This can give you some seed money to buy in more stock, either from thrift stores, yard sales, or from major retailers selling off old stock at a massive discount.
You can then resell these online on the right platform and build from there. There is no need to go full-on and buy a container of stock straight off (unless you want to) as this type of thing can catch inexperienced traders out and leave them with a garage full of stock they can’t shift.
2 Your first house flip
This is a bigger deal than an eCommerce business but comes with a greater potential profit margin as well. Your first step here is to look at the various financing options available from somewhere like Sachem Lending to see what is possible, and then move on from there.
Flipping a property could be the start of bigger things, but you need to go into this with your eyes open. Establishing relationships with contractors and well as a reliable lender is key to moving fast when you find a hidden gem of a property and get them turned around quickly.
3 Become an ad-hoc delivery driver
You might not have considered this as an option as you couldn’t see yourself as one of the many door dash drivers, or have the right vehicle for a multi-drop driver job. However, there are other options that allow you to use your current vehicle to deliver one-off purchases from eBay or Facebook marketplace.
You can do this in your spare time, and if you wanted, group several jobs for similar destinations together to increase your profits. You can find job boards online or advertise your services locally to pick up work.
Final thoughts
While these are good examples, these are by no means the only side hustles you could look at. They are, however, ones that newbies can get their heads around easily. Side hustles like these involve, for the most part, using resources you already have – and unlike other methods like online trading with Forex or Crypto, don’t require a complex and expensive course to get you started.
