2020 has been a forgettable year for most (if not all) due to Coronavirus. Business owners have had to downsize or shut down completely. Employees have been made redundant or have had a massive dent in their paychecks.
With the situation being as it is, most individuals are looking around for feasible options to generate additional sources of income to keep up with their day to day expenses and support their families.
The good news is the fact that the Internet allows you to do so if you commit to investing 1-2 hours a day of your time. No matter where you’re from or what you do for a living, thanks to the conveniences afforded to us by the internet, making money is no longer a constant and never-ending struggle. With the proverbial world at our fingertips, as long as you know how to tap into the vast amount of opportunities found in the digital ether of cyberspace, you can earn additional income, even if you’re in a tight bind.
Listed below are 3 simple side hustles which you can start today to generate additional cash flow.
- Sell your services on Fiverr:
Got skills or specialization in a specific area? Fiverr is your go-to option. It has helped give birth to the Gig Economy. Should you decide to trade your time (on a very conservative basis) averaging $15-$20/day (2-3 hours of work), you will still be able to achieve your target of generating an additional $500/month. What can you sell? Just about anything you believe you’re good at.
2. Become a Virtual Assistant:
Business owners regularly need help with a variety of tasks. With the workforce becoming increasingly more remote, lots of big companies and high-up executives are hiring virtual assistants to outsource a lot of responsibilities to. If you have the right skills, this type of side hustle could be a great way to add extra $500 dollars to your pocket. According to payscale.com, the average virtual assistant makes $15.35 per hour.
3. Mentoring/Coaching:
If there is a subject or skill that you know well and can teach others? If so, mentoring someone is a great side hustle idea. Depending on your credentials and where you live, it can be one of the most lucrative side business ideas on this list and certainly has the potential to replace your full-time income. With everything going virtual this year (more than ever before) one can easily be coached over a virtual platform like Skype or Zoom.
According to AppointmentPlus, the rate for private tutors can range anywhere from $10 to $100 per hour, providing an opportunity to make a sizable income without putting in too many hours. If you love sharing your expertise and engaging with others, this may be the right side hustle for you.
All the 3 side-hustles mentioned above are quite simple and easy to begin with, requiring no financial investment.
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