Starting a side hustle is one of the best ways to increase your monthly income. While some side hustles require capital and time investment, it is possible to make money on autopilot.
In this article, we’ll highlight the best ways to make extra money online even if you don’t have starting capital. The best part of it all is that you can combine several to maximize your earnings. Let’s get started.
Money-making apps
Money-making apps are exactly what they sound like. They’re apps that help you make extra money by doing simple tasks like participating in online polls or playing browser games.
Some side hustle apps pay you to share your extra Internet bandwidth while others reward you when you shop at their recommended online stores. The beauty of money-making apps is that they’re not labor-intensive.
Take Honeygain as an example. This app pays you to share your unused Internet bandwidth. Let’s say you have a premium Internet plan that guarantees you more Internet bandwidth than you can handle.
You could give up some of your extra bandwidth to Honeygain. The app will pay you an extra $10 to $50 every month. You can use your earnings to subscribe to your favorite Twitch channels. Or you could use the money to cover your Netflix plan.
Flip Stuff Online
Online marketplaces such as eBay, Craigslist, and Amazon are gold mines for people who love to make money online. These platforms give you access to potential customers.
All you need is to figure out good products to sell at a profit. Many people monitor shopping trends to determine what to flip. Others consider seasons and search traffic on Google.
Look for products you can sell fast. Clothes, electronics, and perfume are all great examples. However, you could also target high-ticket items that will make you hundreds of dollars per sale.
Watch out for fraudsters both when buying and selling. Use shopping platforms that verify their customers. They also need to have review systems for sellers to help you discover the best sellers.
Buy Stocks
Some of the richest people in the world made their money through the stock market. Warren Buffet is a case in point. He ranks among the top 10 wealthiest men in the world.
Buffet made his wealth through years of investing in stocks and bonds. The Oracle of Omaha prioritizes dividends-yielding stocks—some companies pay out dividends to shareholders every few months.
While Buffet is great at identifying stocks, most people aren’t. You might not know how to identify good stocks unless you read a lot about the topic. As a beginner, focus on Exchange Traded Funds (ETFs) and Index Funds.
ETFs and indices help you diversify your money by investing it in a pool of different stocks. Index funds like the S&P500 have an average annual interest rate of 15%, which is more than most stock traders make per year.
Invest in the Crypto Industry
Cryptocurrencies like Bitcoin and Ethereum have been making headlines a lot lately. One of the reasons is that cryptocurrencies produce new millionaires every year.
Truth be told, crypto is a risky investment. Bitcoin fluctuates constantly. It could rise 5% within a few hours. Or it could lose 20% of its value in 15 minutes. Before you invest your lifetime savings in crypto, do some research.
Bitcoin grows in cycles. As such, you should buy crypto just before the start of a new bull run. And you should take profits before a new bear market commences. Invest in cryptocurrencies with real-world use cases.
One of the biggest mistakes you can make is to buy a meme coin just to earn huge overnight gains. While some meme coins blow up in prices, most of them are scams that will empty your account balance.
Become an Online Freelancer
Fiverr, the world’s most popular gig website, pays out millions of dollars to its freelancers every month. Some people depend on the website to pay their bills. However, you don’t need to dedicate a lot of time to make money on Fiverr.
All you need is to identify a service you can sell through the platform. You could edit blog posts for busy website owners. You could create logos for small businesses on the weekends. You could write code for people who want to own apps.
Although Fiverr is the most popular freelancing website, it’s not the only one. Fiverr also takes a 20% cut from every sale. So, look around for sites with better pay—join niche-specific gig websites.
A freelancing website for coders will pay you more money than a site that focuses primarily on article writing. Also, work on building your brand name. You might be a great graphics designer. But no one will pay you high rates unless you prove you’re the best at what you do.
Become an Influencer
It is true. Many influencers have no real talent. Yet, they make more money in a day than most people earn in a year. Interestingly, you don’t need to strip down or post controversial topics to gain people’s attention.
You can become an influencer by providing helpful content. If you’re great at grammar, you could create social media accounts through which you teach people grammar lessons.
If you’re talented at something, you’ll have an easier time succeeding online. Maybe you can make people laugh. Perhaps you’re a good storyteller. Share your stories through a podcast, YouTube channel, or TikTok videos.
The best part of being an influencer is the money. Brands pay you per post. You could make from $100 to $1 million per post on Instagram and X.com. If you create exclusive partnerships, the income commanded could be much higher.
Your Turn
There you have—some of the best side hustles for busy people. Installing a passive income app is the easiest way to make money on autopilot online. But you only make pocket change.
If you want to earn a decent income, sell your skills through a freelancing website. If you have an outstanding talent, become an influencer. Otherwise, invest in stocks and cryptocurrencies.
Anthony Morha
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Dec 14, 2023
The Watchtower Dubai
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