A head start on your scramble.
If it seems like everyone you know has some sort of side hustle, you’re not mistaken. In 2021, Etsy reported hosting 5.3 million sellers in its massive marketplace, nearly a million more than in 2020. And a freelance site Fiverr has seen enrollment double over the past two years. An online marketplace spokesperson told Sidekick that services rather than goods have become increasingly popular on its site, particularly in the areas of data, digital marketing, graphic design, programming. and technology.
When diving into the world of side hustles, the hardest part of the process can be deciding where to start. Sidekick has put together four suggestions to inspire you to take the next step:
- Homemade: One of the most common business types you’ll find on marketplaces like Etsy and Shopify. Selling crafts is a great option if you have an original product idea and know how to use social media to market your products. Benefits: A great option for artists and artisans with standout products. The inconvenients: May require a significant financial investment upfront. Sellers can find themselves stuck with supplies and materials waiting to sell, and it can be difficult to stand out on seller platforms. Where to start: The Six Lessons of Small Business Administration Online coursewho shares advice on planning, marketing and growing your business.
- Creation and sale of digital products: Covering everything from resume and cover letter templates to eBooks, the Digital Products Marketplace is a great place to start if you’re familiar with creative platforms like Photoshop. Benefits: Can become a great source of passive income after your initial time investment. The inconvenients: Requires subscriptions to programs such as Canva and Photoshop; can take a lot of time and effort to develop a salable product. Where to start: Shopify guide to best-selling digital products includes tips on marketing, and if you’re looking for other product ideas, This article offer 17.
- In writing: Many businesses are looking for skilled copywriters to help them market their brands, especially on social media platforms. If you have a penchant for writing, you might want to consider freelancing. Benefits: Open market for different types of writing and little or no financial investment. The inconvenients: May take time; some may struggle to find stable work and it may take longer to receive payment. Where to start: The Writers’ Cooperative, which is run by two successful freelance writers, hosts workshops, coaching sessions, and even a gem-filled podcast on how to build a successful freelance writing business. by Sonia Weiser Opportunities of the week newsletter offers a great place to find clients and gigs.
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- Teaching online courses: If you’re struggling to come up with your next big product idea, you might want to consider starting with your existing skills. Everyone has at least one or two areas of expertise; teaching languages (especially English) can become a lucrative side business. Benefits: Low initial investment; does not necessarily require any special skills or knowledge. The inconvenients: Will be subject to fees and rules on course platforms. Where to start: The Italki language teaching platform allows instructors to set their own rates and availability—start here if you are interested. And for more teaching platforms, read this Zapier article.—MW