Looking for the best side hustles from home to earn money online right now? Here's a straight-forward guide on how to get started with the best side hustles.
These days, it’s more and more common for people to find ways to augment their primary income with a side hustle from home. Many of the strategies I list here are only as time-intensive as you want to make them, and they are pretty easy to get started from the comfort of your house. Best of all, they can bring real value and profit.
Here are five best side hustles with the potential for major profit.
#1. Affiliate Marketing
By promoting a company’s products through banner advertisements, article links, email blasts and more, you can earn a good chunk of change through affiliate marketing. With affiliate marketing, you make a commision for every person who clicks on your ads and makes a purchase.
To get started, choose a clear product niche, research companies looking for affiliate marketing partners like MaxBounty or iGain Affiliate Network, and then develop your marketing strategy for your niche/products. You’ll have to learn how to add tracking code to your advertising links, and it helps a ton to know about some basic marketing channels and methods.
How much you make through affiliate marketing varies a lot, but the most successful people understand their niche, the best marketing approaches for it, and have an established methodology.
#2. Selling on Sites Like Amazon
Selling goods on third-party sales sites like Amazon can be a great way for someone without even with a website to make good money. There are many ways to go about this. Established businesses will simply use Amazon as an extra digital sales channel, while people without a business or website will use it as their main sales channel.
If you’re just getting started out, you can learn how to make money on amazon fba and brainstorm what type of products you want to sell and how you will manage a profit from them. Some people watch for clearance sales, buy tons of products for cheap, and then flip them for a profit. Another method is to buy products in bulk from places like Alibaba to snag discounts, and then turn around and re-sell them at a higher price.
Depending on your profit margins, you may have to work with higher quantities to really haul in the cash.
More people are turning to drop shipping with companies like Shopify, and for good reason. Basically, you create partnerships with companies that dropship, and then instead of buying your inventory, getting it, finding your customers, and then shipping it to them, you simply find the customers and place the orders for them on your partner’s site.
Dropshipping means that you never have the actual product yourself, which also means you don’t have to store it, either. This business method is a great way to get started with very low startup costs. You will probably have to scale a bit to make solid money, but that’s a lot easier to manage with less overhead.
You may be surprised how well you can grow your income with blogging. There are several ways to monetize your blog. Obviously displaying advertisements on a well-trafficked blog is a classic approach, but you can also make money by adding affiliate links to products, by publishing sponsored posts that promote a product, or even by writing promotional articles for companies and posting them on your site.
Bloggers can be quite successful financially if they develop a large following. For you to succeed as a blogger, however, it’s best if you really love writing about your subject, are social-media savvy, and thrive when interacting with a community. Always remember that you aren’t just building a mailing list or reader base, you’re building a community.
#5. Trading Stocks
Long-term investments take time to see the payoff, but day trading or swing trading brings those profits much more quickly. Though trading is probably the riskiest of the side hustles on this list, it is also one with perhaps the highest earning potential.
To start off, you will need to have the capital to play with. If you don’t have a huge chunk of capital sitting around, proprietary trading firms like Maverick Trading let you use their capital to trade with, while they take a percentage.
You will want to learn how to read a stock chart, understand how to vet a company’s fundamentals, and immerse yourself in the lingo. There are a lot of trader communities out there with valuable information on how to get started.
If you are looking for a way to grow your wealth, starting a side hustle is a great approach. Thanks to the internet, there are more ways than ever to leverage technology to make money with the best side hustles from home.