Do you want to make some extra money by rushing to the side? Perhaps you want to start an emergency fund, pay off debt or even invest. If so, there are literally hundreds of things you can do. However, not all side hustles are created equal, and it is important to distinguish between good and bad.
UK fintech company Tide has identified five side hostels that they think are worth a shot. Each one is simple and doesn’t take too long, but can really make a big difference to your finances.
Five top rush ideas
Do you have any special skills, such as web design, article writing, or transcribing? Do you have a computer and internet access? Then you may be able to increase your income by working part time freelance. Sites like Fiber and Upwork have extensive freelance work for almost every skill set.
The best part about freelancing is that you can work wherever and whenever you like. You can also choose the type of clients and projects you work on.
2. Virtual Assistant
Virtual assistants are usually hired by busy executives or business owners who need help with day-to-day work. These may include invoices, social media management, proofreading, answering customer inquiries, sending emails, and more. Like freelancers, virtual assistants can do the job remotely and from anywhere in the world.
If you believe you have the skills, there are numerous online job boards and resources to help you get this type of position. VANetworking.com is an example. You can create your own website to promote your brand or market yourself on platforms like LinkedIn.
Blogging refers to the self-expression of content online. With blogging, it’s mostly about building a personal brand based on what you’re interested in or what skills you have. These can include travel, fitness, marketing and business.
The key to success here is to write content that is relevant to your audience or driven by solutions.
To start a blog, you will need a website. One option is to buy a domain name and then design your own website. Alternatively, you can use platforms like WordPress, Squarespace or Wix that make the web design and publishing process easier for you.
4. Walking the dog
If you love dogs, starting a side walk as a dog walker can be a great way to earn extra money while doing some exercise at the same time.
Half of all adults in the UK own a dog and most of them have to work all day, dog walking is a service that is more in demand than you think.
Nowadays there are apps and websites like Rover and Paushek, through which you can market yourself and get potential clients. Alternatively, you can do this in the old fashioned way by distributing flyers around you to advertise your services.
5. Affiliate Marketing
Through affiliate marketing, you are basically paid to drive traffic to a specific website through unique affiliate links. These affiliate links can be placed in blogs, emails, social media posts, etc.
The amount of money you can make will be greatly influenced by the niche you choose and the number of vendors in that niche. So, it is better to choose a niche with lots of product sellers (like ebooks) to increase your chances of making money.
Useful tips for any side rush
When it comes to choosing a rush next to you, it’s important to do something that you actually enjoy. You will be more motivated to rush to your side and increase your chances of success if it is something fun for you.
Remember there are some days when you are going to work in trouble next to you when you are physically tired or mentally exhausted from your regular job. So, your side gig has to be something you are not afraid of and you are really looking forward to.
In the same breath, seriously consider how much time you can give to the rush to your side. Since this is what you do in addition to your regular job, the last thing you want is to rush to your side and intervene in your main source of income. This is why finding something with flexible hours or you can adapt to your existing schedule.
Last but not least, don’t forget about taxes. If your rushing income exceeds 1,000 a year, you must notify HMRC and pay tax on it through a self-assessment tax return.
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