Disclosure: Some of the links below are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase.
As I write this, we are in December of 2020, the end of what will be remembered as a bad year for everyone. A lot of people lost their jobs. Market Watch is saying about 22 million are out of work. Small to midsize businesses are losing sales as well. Retail Dive is reporting about 29 major companies are filing for bankruptcy. Retail store businesses will never be the same. I pray that everyone who needs help gets it during this time. Rumor has it hospitals are filled to capacity, but it seems empty where I am. However, my thoughts and prayers go out to everyone affected.
To help stay afloat financially, are you interested in learning about five side hustles that earn extra cash? If our future is working from home, we might as well get started, right?
1. Create mobile apps.
There are two ways to create apps. One of them is by learning and coding them yourself. The other method is to hire an app developer like me to do it for you. If you have an app idea or need an app for your business, I can help you out. Contact me for more information.
Apple says the App Store created $519 billion last year. If that number doesn’t get you excited, I don’t know what will. Just the thought of having your app accessible to everyone around the world is a fantastic feeling. If the market likes what you have to offer, then your future is bright. The opportunity is here. You have to take action.
Equipment needed to get started:
Creating apps for Android can be coded on a PC or Mac computer. Apple products must be coded on a Mac computer. Whatever mobile device you want to create software for, be sure you own the device to test on. The emulator is not accurate. Please try your apps on devices to confirm they work.
Purchasing the latest tech equipment is an investment, and from my personal experience, my investments in Apple products have resulted in significant profits. That has not been the story for Android, unfortunately.
How often do you get paid?
Royalties are paid out once a month from each App Store.
Are there setup fees?
Besides needing the latest tech, each app store has a setup fee. Apple requires an annual membership fee of about $107. Google Play Store only requires a one-time fee of $25. Microsoft needed a one-time fee of $19 when I signed up for them.
Which app store earns the most?
Apple App Store.
Which app store earns the least?
Amazon App Store.
How do I get started?
Hire an app developer just like mentioned above or start coding yourself. After you finish creating an app, open your developer account to get it published.
2. Start some Fiverr gigs.
Welcome to the gig economy. Fiverr is a service where individuals can sign up and offer to perform something of value to people worldwide, starting at $5.
Click here to sign up as a seller. It’s free to set up and start selling your services.
How often do you get paid?
There is a two week wait period, and payouts can be through Paypal, check, or direct deposit.
3. Sell unused items on eBay.
Have any unused items lying around your house? Try putting them on an eBay auction and see how much you could get from them. Decluttering feels good. Not only will you earn some money but also get some positive feng shui flowing in your home.
Some sellers purchase pallets full of wholesale electronics and resell them on eBay for profit.
4. Open an Etsy Shop.
Etsy is for the crafting individuals and companies who offer artful products. Often handcrafted products are made by people who love what they do. Etsy is a great solution to open your shop. Express yourself creatively. What can be better than that?
5. Start a blog.
Starting a blog can be very lucrative if you put in the work. The way to monetize a blog can be through displaying advertisements, affiliate links, promoting your products or services, and maybe even a sponsorship. Blogging takes time to gain momentum and quality articles. I’d recommend buying your domain (.com) and a reputable web hosting company to get started. Pick a service that feels right for you, and start blogging. Just make sure whatever niche you blog about, do it with passion and post often.
Having side hustles is a great way to earn some extra income. Some side hustles are more lucrative than others, but I find it is best to try them out and see which ones are right for you. I know we could all use some extra cash these days. I wish you all well during these crazy times and know we can get through this if we put in the work.