hey everyone and welcome to top think today we're going to learn about the top
10 side hustles for extra money now let's begin number one drop shipping business
these unique businesses make some of the most lucrative side hustles
they require very little of your time the risk is relatively low and the payoff can be huge but how
do drop shipping businesses actually work the drop ship model goes something like this you create a
store that advertises a product for forty dollars when a customer buys that product from your store
you use their money to buy the product from your supplier but your supplier only charges twenty
dollars so they deliver the product directly to the customer and you keep the difference in price
now as you can see these businesses are extremely low risk you don't have to front a huge startup
cost you don't have to store or manage a large volume of inventory in fact you're rarely using
your own money to buy your inventory you're essentially a middleman between the customer
and the supplier so take advantage of this great opportunity the burden of a drop shipping business
is low but the profit can be outstanding number two create passive income so what's the difference
between active and passive income well active income corresponds directly to the amount of time
you work if you put in an hour of your time or you may get back thirty dollars but that hour of your
time isn't going to earn you any more money now passive income on the other hand earns money over
time you put in a large amount of work up front and then you reap the rewards for years to come
alright let's say you decide to create your own blog now at first you may only have a few
viewers so your blog isn't making much money but over the next two years your blog may take
off building a larger more lucrative brand there are a number of different ways to make passive
income it really depends on what skill sets you have to offer self-published ebooks and blogs
are great sources for writers online classes and tutorials may work for any skilled professional
if you put in the work now you'll have a steady stream of money for years to come number three
freelance services this is another fantastic side hustle which has become more profitable
over the years thanks to a number of freelance services you can advertise your skills to a broad
spectrum of interested customers whether you design logos or manage social media profiles
you can use your pre-existing skills to bring in all kinds of freelance clients
as a freelancer you're in control of your business these services allow you to customize and change
your schedule whenever you want you decide which clients to take and which to ignore you decide
how many projects you want to accept each week and you decide how much time to invest into them
but keep this in mind these freelance platforms are very competitive working freelance offers a
great lifestyle so it attracts a diverse audience of potential sellers it's crucial that you build
a shining reputation so show your clients that you offer a combination of value and pricing that just
can't be beat and if you can do that you'll start accruing clients building your brand and making a
nice chunk of change number four part-time jobs this is a time-honored side hustle that anyone
can use to supplement their income if money is running a little bit low a part-time job will give
your weekly earnings a healthy boost the upside of a part-time job is the reliability you know your
hourly pay you know your schedule and you know what your day is going to look like ahead of time
compared to freelance work a part-time job is significantly more stable but there are some
downsides to part-time work it's a pretty large time commitment some days you may be working up
to 12 hours in total if your regular job has a demanding schedule a part-time job might
not be the right fit for you it's also pretty taxing on your energy levels and social life
most of the time you'll be working in the afternoons or weekends and over holidays
normally you'd use this time to relax or spend time with friends and family but now you're stuck
working through every break now if you're happiest when you're working a part-time job is the side
hustle for you but if you need time off you may want to try one of the other options on this list
number five virtual assistants virtual assistants are in high demand these days a virtual assistant
handles administrative and organizational tasks like scheduling and social media but does so from
the comfort of their own homes virtual assistants are brought on by all sorts of companies around
the world companies big and small need someone to make sure their schedules stay organized
their numbers stay accurate and nothing slips through the cracks if you're naturally organized
this side hustle is perfect for you it lets you choose how much you work and who you work for
but if you're not the organizational type then this side hustle is not for you
number six rent your room do you have a spare bedroom you never use do you spend
months at a time away from your home renting is another great way to supplement your income
rental companies like airbnb book millions of guests every single year and you could easily
get in on the action a single rental could pay for your own rents mortgage or even your
next vacation countless people make substantial earnings off of these sites every single year
especially if you live near a tourist hot spot or big city so if you don't mind housing strangers
it's time to give this lucrative side hustle a try number seven answer questions how much
of your knowledge do you use on a regular basis many people especially those with strong academic
backgrounds use only a small percentage of their knowledge you may know the intricate details of
how a black hole works but how many jobs involve black holes you may be able to build a car from
scratch but if you're an accountant mechanical knowledge doesn't matter much in the workplace
so turn that freestanding knowledge into a profitable side hustle around the internet
you'll find a number of sites that pay people to answer questions someone may ask how does a
black hole work hey you already know the answer so you can earn money by explaining it to them
don't let your knowledge sit unused in your brain put all those facts and figures to good use
and get paid for it number eight selling items online is your garage full of items that you just
don't want or need do you browse vintage stores thrift shops and antique fares
many people earn thousands of dollars buying and selling items online sites like ebay and
craigslist offer independent sellers the chance to earn a profit on used belongings
a smart seller will purchase an object for a low price then resell it for double or even triple
its original cost the only real barrier between you and some extra spending money
is your own motivation your items collectibles and furniture are just sitting around collecting dust
they're waiting to be sold but you have to put in the effort to sell them so do a little research
get an idea of your competition and begin making money off your old stuff these sites advertise
listings to millions of people there's bound to be a customer for you out there somewhere
and you can also take advantage of crafting sites like etsy these sites rely on your own artistic
ability to supply your online marketplace creating your own product can take a lot
of time and effort but many people have turned their favorite hobby into a respectable income
number nine house sitting this is the simplest money making strategy on this list house sitting
means watering someone's plants sitting on their couch and working on whatever you want in other
words you're getting paid to do almost nothing house sitters are in higher demand than you
might think many people are afraid to leave their home unattended for more than a few hours so they
hire a house sitter to keep an eye on things and ease their mind and that's where you come in your
job is simple be mindful responsible and available you don't have to know any skills or complete any
projects you may have one or two chores to do each day but those chores rarely take any time at all
you'll spend most of your time doing whatever you want working watching tv taking long naps hey you
could even use your free time to work on another side hustle earning cash on top of cash number 10
delivery services delivery services are becoming more and more prevalent in the world today
millions of people use these services for takeout groceries and even household goods
so it's about time you got in on the action there's only one real qualification to work
for these delivery services you need a car and you need to know how to use it now if this sounds
doable it takes only a few days to get approved and to start earning a consistent flow of cash the
beauty of this job is the flexibility you can work at almost any time so you can adjust your schedule
around your primary career some nights you might be feeling tired others you may have a burst of
energy and feel like raking in some additional income delivery services are always looking
for new drivers and employees so get started on this lucrative side hustle today hey thank you
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