An online side hustle can help you manage a financial problem or even change your life.
Last year was tough due to Covid, and that’s an understatement.
Financial self-reliance dictates that we have multiple skill sets and streams of income.
In this article we are going to talk about the following;
How you can Start a YouTube Channel
How to create a niche Product Website
How you can Construct an Amazon niche Website
How you can start Affiliate marketing
and How To Your Sell Your Own Product
1. Start a YouTube Channel
While the chances of making millions of dollars from YouTube are slim, a lot of people are making extra money making videos about everything from dogs to cooking.
My YouTube channel talks about how you can quickly start a side hustle as an affiliate marketer with only a computer and an internet connection as your capital.
You too can start your own channel with nothing more than a smartphone.
In my case, I invested some money in a smartphone. Here’s a list of the gear I use:
Samsung Smartphone
Audacity Digital Audio Recorder and Editor
Laptop
Loom Screen Recorder
Openshot video editor
The only thing you need to buy is a smartphone/Laptop with a decent camera.
The rest of the items are free to download from the internet.
Once you reach 1,000 subscribers and 4,000 hours of watch time, you can monetize your channel with Google Adsense.
You can also make money from relevant affiliate links you place in the description of your videos.
2. Create a Product Website
The second side hustle is to start a product website.
Almost every product sold today will pay bloggers a commission when someone buys the product from the blogger’s website by clicking on an affiliate link.
For example, a blogger can copy an affiliate link for an affiliate product from an affiliate site, such as Digistore24.
Send a visitor to the product vendor via an affiliate link, and you’ll earn a commission when they buy the product using that link.
Starting a website today is extremely easy.
Most blogs and even many company websites run on WordPress.
It’s free and very easy to set up.
To run a website you will need a Hosting site where your website will be hosted.
BlueHost is the preferred choice for website hosting for many individuals and companies.
If you decide to set up a product website, you should pick something you're passionate about.
Anything from fishing to survival gear could be the reference of a profitable blog that both instructs and markets relevant gear.
3. Construct an Amazon niche Website
We've all shopped on Amazon, and we as a whole realize that the organization's span is all over.
So why not get in on the activity yourself?
By joining to be an Amazon Affiliate, you can acquire a commission each opportunity somebody originating from your specialty site buys items on Amazon.
Amazon specialty sites are unique in relation to a standard partner site, in that the site centers around one single sort of item, similar to hairdryers, treadmills, or receivers.
Specialty sites have a superior possibility of being found via web crawlers like Google and Bing, and by online customers who know precisely what they are searching for.
Albeit an Amazon specialty site actually requires some work toward the front (Setting up a website and hosting, planning the site, third party referencing, etc).
When it is ready for action, you can without much of a stretch begin acquiring easy revenue by selling an assortment of items.
4. Start Affiliate marketing
Affiliate marketing is the process by which you earn a commission by simply promoting a company or individual's product or service.
As an example, you ( as an affiliate) can promote a product from Amazon to a specific
group of people or audience, and every time someone buys the product you earn a commission.
This is at no extra cost to the buyer, meaning that even if the buyer went straight to Amazon and bought without going through your website, they will still buy that product at the same price.
Another example is there could be a company or individual offering an online course in web designing.
And if they have an affiliate program and you are signed up,
every time you guide a person to enroll for the course or they purchase the course you earn a commission.
Benefits of Affiliate Marketing
The Internet Is Everywhere
Internet is everywhere and almost everyone in the world has got access. Which means you reach practically everyone in your chosen niche.
2. Low Start-Up Cost
The cost of starting affiliate marketing is substantially very low, aside from the little amount you will spend on web hosting, autoresponders, and a few tools.
However, the return on investment (RIO) is very high when it is done right.
Hosting a website with Bluehost is very cheap at about $3.95 per month and you would need an autoresponder for your emails, which you can get from getresponse free for 30 days when you are just starting out.
3. You Are Your Own Boss
Affiliate Marketing allows you to set your own time and schedule without asking or answering to anyone.
4. You Can Work From Home
As an affiliate marketer all you need a computer or laptop with an internet connection.
You can work from anywhere without the need to drive through rush hour.
5. Potential Earnings Are High
Commission earnings can be very high especially for digital products which may range from 5% to 75%.
And you can increase the earnings by setting up different niche sites in different niches.
5. Sell Your Own Product
The final side hustle is to create and sell your own product.
Many bloggers have made a fortune selling online courses and eBooks that help people learn a new skill.
One example of this is a good friend of mine who sells an online course .
Several years ago, John started an online business selling an online course.
You can check it out here.
Following the success of that business, John started teaching others how they can start their own online business.
This business has been incredibly successful, and he’s helped countless people launch their own side hustle.
You can check out the course here
Finally
There are countless Side Hustle businesses you can choose from Online.
Whatever idea you decide on, be ready to work hard.
Any of the above ideas can be successful, but you’ll have to learn a lot along the way, adjust, and most importantly Take Action.
These are not, get rich quick scheme types of business.
You must work harder than you can imagine over time, and build a steady stream of income, that's when you achieve financial freedom.
The best time to start a side hustle was 15 years ago.
The second best time is today. Be prepared to work hard with very little to show for it at first.
Keep with it, however, and over time it just might change your life.
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