Side Hustles You Can Start From Your Couch
You don’t need an office, employees, or investment capital to launch a small business that could generate thousands of extra dollars a year.
You’ve probably heard of the side hustle. These days, it
seems like everybody has one. In fact, if you’re a millennial, half of your peers already do.
Side hustles allow you to earn extra income, supplement a still-growing business, or get paid for a hobby you enjoy.
Many people hesitate to start a side business because they
think it’ll be complicated. But the truth is, it doesn’t have to be. You
don’t need to go to an office, hire employees, or spend hours
cold-calling to succeed.
And sure, you may only earn a few hundred dollars per month
at first. But because these side hustles cost almost nothing to start,
the money you rake in will become pure profit.
Excited yet? Here are seven side hustles you can start from your couch.
1. Sell an Information Product
People love to learn new things, and you can profit from
packaging your advice, knowledge, or expertise into a sellable product.
Are you an expert at getting the best deals at Disneyland?
Know how to train pets? Give good dating advice? You can turn those
insights into an ebook or course that people will pay for.
With information products, you pay an initial cost to create
the resource and the website where it’s hosted, but it costs you
nothing to produce extra copies of the book or course for new customers.
That means that after you cover the initial costs of creating the
product, you’re looking at almost pure profits from each sale.
If you create a solid information product and promote it
well, it could earn you substantial passive income for years to come.
For instance, if you sell an ebook about dog training for
$10 and get an average of 25 people to buy it every month, you’ll rake
in an extra $2,500 per year. Or if you build an interactive course
teaching men how to talk to women and sell it for $1,000, just one
purchase a month will boost your income by $12,000.
2. Become a Virtual Assistant
A virtual assistant is like a regular assistant, only they
connect to the business person online. They’re often hired by the hour,
which means you can work as many or few hours per week as you’d like.
A virtual assistant can do practically anything, but the
work often includes organizing resources and documents, scheduling
appointments, taking calls, accounting, research, writing, proofreading,
or editing.
If you have great attention to detail and would rather work
with others than start a business by yourself, this could be a
profitable choice for you.
Freelancing websites like Upwork and Fiverr
often have job openings for virtual assistants. You can negotiate your
own price with the client and clarify your tasks before accepting the
job.
As a virtual assistant, you can charge between $15 and $60
per hour depending on how much value you’re able to bring to your
client.
3. Create a Niche Review Website
Creating an in-depth resource on a specific niche can be a profitable endeavor.
The secret to a niche website’s profitability is affiliate
marketing and advertising. The website creator writes a number of
informative, in-depth articles and product reviews to help readers know
which items they should purchase.
As the website’s audience grows over months and years, and
more readers begin to purchase items through the website’s affiliate
links, the website owner can begin to earn hundreds and even thousands
of dollars per month.
The passive income blog Income School expects a
well-built niche site to earn an average of 2.5¢ per page view, per
month, and bring in an average of 30,000 monthly page views by the end
of the first year. A niche website with thousands of monthly page views
will also often receive five- and six-figure bids from investors.
4. Proofread
We all have that friend who corrects everyone’s grammar or
finds typos in menus and street signs. If you have a knack for finding
mistakes in your native language, you could get paid to proofread.
Freelancing websites like Upwork and Fiverr have a steady
stream of proofreading jobs, or you can start asking your friends and
business connections to help them eliminate errors in their writing.
Proofreading rates can vary widely. Proofreaders who charge
per word can command rates from 2¢ to 7¢ per word, or anywhere from $10
to $90 per hour. Rates depend on the quality of the job, the turnaround
time, and the importance of the final document.
5. Translate
Parlez-vous francais?
Or Spanish, Japanese, or Arabic? If you speak a second language, you
could get paid to translate from your second language into your native
language.
To find translation jobs, try online freelancing platforms made specially for translation, like Gengo and Unbabel. Or post your profile on ProZ, where clients search for translators and post translation jobs on the site-wide job board.
Translators generally charge between 10¢ and 25¢ per word or
$30 to $50 per hour. Like proofreading, rates depend on quality, time
constraints, and the importance of the translation.
6. Teach English
You’re reading this article in English, which means you’re a
speaker of the most in-demand language on the planet. Millions of
people attempt to learn English every year, which means English teachers
are in high demand.
Websites like iTalki and Cambly
are online platforms for anyone who wants to teach English or other
languages to people of all ages. If you live in North America, you have
more options, like teaching English to Chinese children through VIPKID or Qkids, or to Korean children through Englishunt.
Rates for English teachers can vary based on your experience
and skill level. Cambly pays $10 per hour, VIPKID, Qkids, and
Englishunt pay between $13 and $22 per hour, and iTalki allows teachers
to set their own price.
7. Start a Content Site
I know what you’re thinking: “Seriously? Didn’t everyone and
his cousin already bail on their blogs because they got tired of the
content-generation hamster wheel?” It may feel that way, but if you’re
passionate enough about a subject, it might not feel like work.
And believe it or not, the market is still not saturated.
There are millions of topics that people search for every day, and many
of them have not been written about yet.
Even if your blog is about a popular topic, you can still
find your unique angle, says Henneke Duistermaat in her book Blog to Win Business.
“You can safely assume that everything about your topic has been
written already,” she admits. “However, nobody has said it yet in the
way you can say it.”
There are many paths to a profitable blog. Like niche
websites, you can promote products through affiliate programs and
collect a percentage of each sale. Or you can place ads on each page of
your blog and collect a few cents for each impression, or person who
views the ad. Another option is to sell information products (see No. 1)
to the readers of your blog.
If you choose your subject well and use multiple
money-making strategies for your blog, you can see monthly earnings of a
few hundred dollars to a few thousand dollars over time.
If you have a smartphone or computer and an internet
connection, the money is yours for the taking. Whether you choose to
write, teach, or help someone else succeed, you can start building your
profitable side hustle today.
Great post. It form a post like this one I got the idea and started working for a translation agency as a freelance translator besides my regular job.
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