249. 15 Side Hustles That You Can Start TODAY With Little To No Money!
Oct 12, 2023
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Nick Loper, the mastermind behind The Side Hustle Show, joins Brien Gearing to dive into 15 side hustles you can start today without breaking the bank. They discuss how side hustles can evolve into significant income sources and share practical methods for launching online content businesses and gig economy jobs. Innovative ideas like 'Software with a Service' catch the spotlight, along with the importance of experimentation in business. Get ready to rethink side hustles and find inspiration to kickstart your entrepreneurial journey!
The evolving perspective on side hustles highlights that starting small can lead to substantial income streams and entrepreneurial growth.
Online content businesses, especially niche blogs, provide sustainable income through valuable evergreen content and are far from being obsolete.
Service-based side hustles, particularly in local markets or virtual assistance, capitalize on consumer demand for convenience and scalability in operations.
Deep dives
Redefining Side Hustles
The concept of side hustles has evolved to encompass various avenues for generating extra income without sacrificing work-life balance. Many individuals initially view side hustles as secondary to their main job, but they can evolve into substantial income streams or even full-fledged businesses. The podcast highlights the importance of starting small and acknowledges that not everyone is equipped to launch a large venture right away. Embracing side hustles can be a stepping stone to greater entrepreneurial pursuits, offering flexibility and freedom while allowing people to explore their passions.
The Viability of Online Content Businesses
Online content businesses remain a robust side hustle option, dispelling the myth that blogging is dead. By creating valuable, evergreen content that addresses specific audience needs, individuals can establish successful online destinations that generate continual income through advertising and affiliate marketing. An example shared is a travel blog focused on niche content that managed to earn substantial monthly revenue just a few years after launch. This approach not only provides potential income but also builds an asset that can appreciate in value over time.
Exploring Market Demand for Services
Emerging service-based side hustles can take advantage of prevailing market demands, especially in localized home services and consulting. Simple tasks like power washing and mobile detailing can be lucrative due to increasing consumer expectations for convenience, and many of these businesses are easily scalable. One example highlighted is a virtual assistant service where individuals can offer administrative support remotely, a trend that has gained traction as businesses shift to online operations. Identifying a niche and effectively marketing services can significantly enhance success in this space.
Leveraging E-commerce and Rental Marketplaces
E-commerce platforms, particularly Etsy, provide budding entrepreneurs with the opportunity to generate income with minimal setup costs by selling handmade or digital products. Specific skills such as graphic design or spreadsheet creation can be leveraged to create profitable listings that appeal to targeted customer segments. Furthermore, unconventional rental services, such as renting out mobility scooters or bouncy houses, introduce a unique twist on traditional rental businesses, allowing owners to earn passive income from assets. These models are particularly suitable for those seeking entrepreneurial ventures that demand low upfront investment.
Experimenting with Market Research and Consulting
Participating in paid market research offers an easy and enjoyable way to earn extra money, often without significant commitment or specialized skills. Individuals can be compensated for providing feedback on products or participating in focus groups, leading to a lucrative source of supplementary income. Additionally, offering consulting services on existing software solutions showcases how leveraging expertise in specific tools can attract clients and provide valuable guidance. Engaging in these avenues allows for income generation while exploring diverse interests and capabilities.
In today's episode, we will discuss 15 side hustles that you can start today with little to no money!
I've never really loved the term "side hustle" I don't love the word hustle and don't buy into hustle culture. And the word side hustle to me has always implied something you kinda did on the side and didn't take too seriously. But my perspective on this term has changed somewhere recently. A few months ago I started listening to a podcast called The Side Hustle Show with Nick Loper. The combination of hearing stories from Nick's guests on different side hustles they have started and interviewing and working with others who have started side hustles of their own either as a way to start their business or as a way to help make some extra income on the side has caused me to be more open to this term and open to the fact that not everyone is wired like me. And for some people that means starting something on the side that can either support their family for a season or later on turn into that thriving scalable business with systems and processes which is what I REALLY love! BUT you gotta start somewhere and for many, that means starting something on the side...
In today's episode, Brien Gearing interviews the Kind of Side Hustle himself, Nick Loper, and they go into depth on 15 side hustles that you can start today! This has been one of my favorite episodes so far and I got a ton of value out of it personally and I have no doubt you will as well!
We also created an in-depth article on everything that was covered in this episode including all the links and resources discussed, so feel free to check it out here.
