Create an Online Business as a Side Gig for Extra Cash

In July 2018, BankRate.com published a study that shows 37% of Americans have a part-time job in addition to their regular full-time job. These “side hustle” jobs provide an average of $686 a month in extra income.

Almost 60% of the people surveyed said they have an extra job in order to increase their disposable income, while the rest need it just to make ends meet.

Even working an extra 10 hours a week can bring in some much needed extra cash. Whether you need it to fund more ads for your online business, or to pay your exorbitant electric bill in the middle of summer, working a side gig can be a great way to boost your cash flow.

Look at the people around you. 1 in 3 of them have a part-time gig in addition to their regular full-time job. Are you one of them? If not… would you like to be? 

If so, read on…

Entrepreneur magazine recently listed 50 different types of side gigs that are easy to set up and start earning extra money pretty quickly (with a few exceptions). 

I read through every one of the ideas, waiting for my BS meter to go off. It didn’t. All 50 of the ideas listed are solid ideas that pretty much anyone can do. 

Just a friendly warning… this is not for college kids looking for beer money. It’s intended as a list for honest hard-working adults looking to increase their monthly income.

Here’s the reason I’m writing this article for you…

After reading through the list of 50 types of side gigs, I noticed an interesting pattern: 24 of the 50 ideas listed in the article could be done online, working from home (or your local coffee shop or whatever). The link to the article is listed at the bottom of this post, but before you read it, I have a few little nuggets that you may find helpful as you’re looking through the list for ideas.

When considering what kind of digital side gig you might want to explore, here are a few things to have in mind.

  1. It’s probably not as easy as it sounds. For example, idea #6 is “Manage social media for small businesses.” Just because you got a lot of likes on your dog farts video doesn’t mean you’re ready to take money to manage the social media strategy for a small business.  Please don’t do this unless you really and truly have good knowledge of business marketing. Otherwise you’re just stealing from those businesses because you won’t know how to get results.
  2. There are no get-rich-quick strategies here. Most online businesses take a while to get off the ground. Unless there’s an employer who’s giving you a regular paycheck to perform specific tasks or get specific results, you’ll need to put in a lot of unpaid hours before the cash starts rolling in. See idea #12 for a perfect example of this.
  3. There’s often an upfront cost. In some cases you’ll need to invest in a platform for whatever you are selling. Sometimes this means a monthly fee to an online site where you list your services, or sometimes it’s a commission you must pay for someone to market your product for you (this is called affiliate marketing). If you’re just starting out in online selling and you don’t know how it works, affiliates can be a good option, but you’ll need to hustle to generate enough revenue to pay your middle-man and still have enough left over to make it worth it. Idea #14 talks about how this might work.
  4. You’ll need a skill. Whatever you’re selling, the best online business ideas are based on having specific skills. Think hard about what you’re good at and what you like to do, and use that to help you come up with your business idea. If you see an idea that sounds cool, but you’ve never done anything like it before, it’s probably best to go in a different direction. Ideas #24, 25, and 26 all require specific skills.

Here’s the article: https://www.entrepreneur.com/article/293954

I’d love to know what you think. Let’s bounce some ideas around in the Tame Your Tech facebook group.

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