A side hustle business can mean a lot of things for many of us; the extra money always comes in handy when needed. However, a business whether small or big, requires a lot of thinking and practical implications including capital investment, staff, location and supplier issues. But there are many options that enable you to work independently and earn a decent profit. And today we are going to share some of the best side hustle business ideas with lowest investment required.
Drop shipping is an e-commerce business where you sell products online without facing the issues of regular corporate dealings, including inventory, the necessity of office, large sums of money, shipping and handling costs and procedures. Drop shipping is to wholesale and sell retail.
You have to set up a website, possess a credit card, and have a connection to a supplier. However, many well-known online retailers also offer drop shipping, such as Amazon and Etsy. From there, you can easily take orders immediately, sell the products, and make a decent profit. Drop shipping business is easy set-up with zero set-up cost, lowest risk factors, and feature thousands of products from different niches and brands in your online store.
Blogging is a platform that enables you to write about your passions or products you love and earn through placing advertisements on the site, such as CPC, PPC, among others. Blogging is a little challenging to monetize but is a fun outlet to practice your writing and build an audience around a certain idea.
Affiliated marketing refers to a marketing agreement in which you refer website visitors to buy products online and earn a commission on each sale by using marketing and promotional techniques. Amazon.com and hundreds of other online business are boosting their transactions with the help of affiliates.
Sell Services on Fiverr
If you are good at writing, graphics, audio-video services or anything, then you can independently sell your services at Fiverr or other platforms like it. All you have to do is to create an account, set your rates, and receive orders.
C2C commerce refers to the consumer to the consumer e-commerce business. If you are a maker or are a supplier, then online sale platforms are the way to go. Simply create an account on websites such as Amazon, Craigslist, eBay or Etsy and start selling the products. These online platforms allow individuals to trade, buy, and sell stuff in exchange for a small commission paid to the website. Many people have and are profiting from these platforms and have developed their businesses into profitable dealings.
If you are an educated person and have excellent teaching skills, then teaching online is an effective platform where students can connect with teachers from all around the world in any subject. All you have to do is to create your own course around a topic that you are an expert in and simply set the tuition rate.
These are some of the best side hustle ideas as they make you decent money and do not require a lot of investment on your part.