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HOW TO MAKE MONEY ONLINE LISTS YOUTUBE

Maximizing Your Time: How to Balance a 9-5 Job and a Profitable Side Hustle

Maximizing Your Time: How to Balance a 9-5 Job and a Profitable Side Hustle

Side hustles can be a great way to make some extra money outside of your 9-5 job.

With the rise of the gig economy, there are now more opportunities than ever to earn money on the side.

Whether you’re looking to pay off debt, save for a vacation, or just have a little extra spending money, a side hustle can help you reach your financial goals.

The list of side hustles below includes a variety of options that can be done even if you have a full-time job. From online tutoring and teaching to freelance writing and editing, there are many ways to use your skills and expertise to earn extra money.

One of the biggest advantages of side hustles is that they can often be done remotely and on your own schedule. This allows you to fit them in around your full-time job and other commitments.

For example, if you’re a graphic designer, you can take on freelance projects in the evenings or on weekends. If you’re a virtual assistant, you can work remotely and provide administrative or technical support to businesses or individuals.

Another advantage of side hustles is that they can be a great way to explore new interests and passions. For example, if you love animals, pet-sitting or dog-walking can be a great side hustle. If you enjoy working with kids, babysitting can be a great option. If you’re handy and enjoy home improvement tasks, handyman services can be a great way to earn extra money.

  1. Online Tutoring/Teaching

Leverage your knowledge in a specific subject area to educate and mentor students through online tutoring or teaching. By using platforms such as Zoom or Skype, you can offer your services remotely and tailor your schedule to fit your primary job.

  1. Freelance Writing or Video Editing

Offer your writing or video editing skills to create engaging articles, blog posts, or visual content for websites, businesses, and publications. With the option to work remotely and set your own hours, you can easily juggle freelance projects alongside your day job.

  1. Graphic Design Services

Utilize your design expertise to craft eye-catching graphics, logos, and other visual elements for businesses or individuals. Offering your services remotely, you can work on design projects at your convenience without disrupting your regular work hours.

  1. Virtual Assistance

Provide administrative or technical support to businesses or individuals from the comfort of your home. As a virtual assistant, you can manage tasks like data entry, scheduling appointments, and handling emails, making it a flexible side hustle to complement your 9-to-5 job.

  1. Pet-sitting or Dog-walking

For animal lovers, caring for pets while their owners are away or busy can be a fulfilling and enjoyable side gig. Offer pet-sitting or dog-walking services in your local area to build a clientele that fits your schedule.

  1. Babysitting Services

If you enjoy working with children, consider offering babysitting services to help parents who need a break or are occupied with work. With flexible hours, you can provide childcare on evenings or weekends without interfering with your day job.

  1. House Cleaning Services

Offer your skills in tidying and cleaning to help individuals who are unable to maintain their homes themselves or simply lack the time. By setting your own hours, you can accommodate house cleaning tasks around your primary job.

  1. Personal Shopping and Errand Running

Assist those who are unable to run errands or shop for themselves, or who simply need a helping hand due to their busy schedules. By being efficient and reliable, you can effectively manage your time while fulfilling the needs of your clients.

  1. Photography Services

Put your photography skills to use by capturing precious moments for events, families, or businesses. With the flexibility to choose your projects and schedule, photography can be a lucrative and enjoyable side hustle.

  1. Handyman Services

Offer your expertise in minor repairs and home improvement tasks to help people who require assistance with various household projects. By setting your own hours and selecting the jobs you take on, you can easily balance handyman services with your day job.

Note: These are just a few examples of potential side hustles, but there are many more options available depending on your skills and interests. It’s also important to note that side hustles may require some startup costs, and it’s always a good idea to research and plan before starting a new venture.

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Stats About Side Hustles

  1. Side hustle prevalence:
  • 45% of working Americans reported having a side hustle in 2021.
  • The percentage of millennials with a side hustle was 50%, compared to 40% for Gen X and 28% for Baby Boomers.
  1. Income generated by side hustles:
  • On average, a side hustler earns an extra $1,122 per month.
  • 15% of side hustlers earn over $2,000 per month from their side hustle.
  1. Most popular side hustle categories:
  • Selling items online (e.g., eBay, Etsy, Amazon): 26%
  • Freelancing (e.g., writing, graphic design, programming): 20%
  • Rideshare driving (e.g., Uber, Lyft): 12%
  • Food delivery (e.g., DoorDash, Grubhub): 10%
  • Tutoring or teaching (e.g., VIPKid, Teachable): 8%
  1. Reasons for starting a side hustle:
  • Extra income: 65%
  • Explore a passion: 45%
  • Build new skills: 35%
  • Networking opportunities: 25%
  • As a potential full-time career: 20%
  1. Time spent on side hustles per week:
  • 1-5 hours: 30%
  • 6-10 hours: 40%
  • 11-15 hours: 20%
  • 16-20 hours: 7%
  • 21+ hours: 3%

FAQ’s About Side Hustles

  1. What is a side hustle?
  1. What are some examples of side hustles?
  • Examples of side hustles include freelancing, pet-sitting, dog-walking, tutoring, writing or editing, graphic design, virtual assistant, photography, personal shopping and errand running, and handyman services.
  1. Can I do a side hustle if I have a full-time job?
  • Yes, many side hustles can be done on your own schedule and remotely, allowing you to fit them in around your full-time job.
  1. How much money can I make from a side hustle?
  • The amount of money you can make from a side hustle depends on the type of side hustle you choose, the amount of time and effort you put into it, and your level of skill and expertise. Some people make a full-time income from their side hustle, while others make extra money on the side.
  1. Do I need any special skills or qualifications to start a side hustle?
  • It depends on the side hustle you choose. Some side hustles require specific skills or qualifications, while others do not. It’s important to research and plan before starting a new venture.
  1. Can I use my side hustle as a replacement for my full-time job?
  1. Do I need to pay taxes on the money I earn from my side hustle?
  1. How do I find side hustle opportunities?
  • There are many ways to find side hustle opportunities, including online platforms, local classifieds, and networking with other entrepreneurs and professionals.
  1. How much startup costs should I expect with a side hustle?
  • The startup costs will depend on the side hustle you choose. Some side hustles may have little to no startup costs, while others may require a significant investment. It’s important to research and plan before starting a new venture.
  1. How can I balance a side hustle with a full-time job?
  • It’s important to set realistic goals and manage your time effectively. It’s also important to communicate with your employer and make sure your side hustle does not interfere with your full-time job.
  1. How do I market my side hustle to attract customers?
  • There are a variety of ways to market your side hustle, including social media, online platforms, referral marketing, and networking.
  1. How can I manage my finances when running a side hustle?
  • It’s important to keep track of your income and expenses, and set aside money for taxes. You should also consider setting up a separate bank account for your side hustle finances.
  1. How do I know if a side hustle is right for me?
  • Consider your skills, interests, and goals when choosing a side hustle. Research the market and the competition, and make sure you have a plan for how to balance it with your full-time job.
  1. Can I get insurance for my side hustle?
  • It depends on the type of side hustle you have, but there are insurance options available for some side hustles such as pet-sitting or handyman services. It’s important to research and consider insurance options before starting your side hustle.
  1. How can I scale my side hustle to make more money?
  • Consider expanding your services, increasing your prices, or taking on more clients. It’s also important to continue to market and promote your side hustle to attract new customers.
  1. How can I make my side hustle stand out from the competition?
  • Offer unique services, build a strong brand, and provide excellent customer service. Networking and building relationships with other entrepreneurs and professionals can also help you stand out.
  1. How can I network and find other like-minded individuals in the side hustle industry?
  • You can network and find like-minded individuals in the side hustle industry by attending networking events, joining online communities, or reaching out to other entrepreneurs and professionals in your field.
  1. How can I measure my success and track my progress when running a side hustle?
  • You can measure your success and track your progress by keeping track of your income and expenses, setting goals, and regularly reviewing your progress.
  1. How do I know when it’s time to quit my side hustle?
  • It’s important to regularly review your progress and consider factors such as income, time, and stress. If your side hustle is no longer meeting your financial or personal goals, it may be time to consider quitting.
  1. How can I find resources and support when running a side hustle?
  • There are many resources and support available for side hustlers, including online communities, networking groups, local small business resources, and entrepreneurial programs.
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Online Jobs For Students To Earn Money

Online Jobs For Students To Earn Money 3

Working online is turning into more and more standard because of the pliability, diversity, and income-earning potential that online jobs offer. Plus, the start-up prices area unit minimal, and there area unit a spread of gigs looking on your interest and ability set. In fact, after I started my online business some years past, it prices American state virtually nothing, and that I had very little expertise.

But through trial and error and loads of toil, I have been able to create a regular financial gain from my online jobs for students.

If you are inquisitive about beginning your own online gig, there are unit lots of opportunities accessible.

Legitimate Online Jobs For Students

With the number of online jobs for students choices, it is onerous to grasp which of them are legitimate and which of them are not price sometimes. This list covers a number of the foremost standard and doubtless profitable decisions.

Featured Online Jobs

Most of the roles during this entire list are appropriate for anyone, however, I have divided them into classes for college students, moms, kids, and academics for simple sorting. This 1st list is best for anyone just because there is such a good type of victorious individuals operating these online jobs for students, and that they do not need any special degrees or certifications.

Online Jobs For Students To Earn Money 1

Product Tester

Pay: $5 to $15 per hour

As we know Product testing is a fun online job for students that allows us to make money working with products that you already want. As a paid product tester, you can test and review both physical and digital products.

After signing up for a product testing company like Vindale Research, you will get matched with products from various companies. Additionally, product testing opportunities periodically arise on Swagbucks Discover; checking in on both platforms from time to time will maximize the odds you are eligible for an offer. Once you receive and test a product, you will follow the instructions and complete a survey or similar task to provide your insights and feedback.

You will be paid in money gift cards, or get to keep the product you have tested. This is not a full-time online job for students’ opportunity, but it can make a good side hustle.

Online Seller

Pay: $40 to $60 on the average per box of items

You can sell nearly something online. Furniture, unused makeup, recent cell phones, and different school area unit are all viable choices.

If you have got youngsters, you will simply sell their gently used shoes, clothes, toys, and gadgets once they have outgrown them. If you get pleasure from this sort of online job for students, you will begin reconnoitring native yard sales, insect markets, and Facebook commerce teams for things to sell

When you find a used item at a steep discount, you can sell it on a site like Decluttr to flip for a profit. The more often you do this, the more money you can earn.

Blogger

Pay: $1 to $2,000+ per month

Blogging is an internet job wherever you will be able to make money on a part-time schedule. If you relish writing and serving others, and you recognize the way to be persistent notwithstanding you are not making money, blogging may be a decent appropriate you. It usually takes at least 6 to 18 months to start making money from a blog.

The fun thing about blogging as an online job for students is that you can choose a topic you are truly passionate about, and the opportunities from blogging are virtually limitless.

The four main ways to make money from blogging include:

  • Advertising – You get paid for putting ads on your blog.
  • Affiliate Marketing – This is where you get paid a commission for any products that you sell via your blog.
  • Digital Products – You can sell your own eBooks, courses, etc.
  • Services – If you like to work one on one with people, a blog can be a great way to generate leads for coaching, consulting, etc.

Online Jobs For Students To Earn Money 2

Facebook Ads Manager

Pay: $1,000 to $2,000+ per month

Many native business homeowners understand they have to advertise online, anyway, they do not acumen or do not have enough workers to figure thereon. If you have got Facebook and are at home with its advertising platform, or if you are willing to place within the time to be told, you can start contacting local businesses to offer Facebook ad services.

That is what Bobby Hoyt did. An avid digital marketer and blogger, he started offering Facebook ad management services to local businesses in his area and eventually turned that operation into a sizable income for himself. He launched his own FB Side Hustle Course that teaches others how to do the same. You can do this as a side hustle or turn it into a full-time job.

Dropshipping

Pay: $25 to $500+ per item sold

With dropshipping, you set up a storefront on a platform like Shopify, list your merchandise, then have the orders shipped on to a client from the provider.

This is an incredible possibility for anyone trying to find an internet job as a result of it permits you to figure in sales while not touching the physical product throughout a dealing and earn a decent financial gain at constant time.

You can sell anything from T-shirts to event tickets and consulting services, so this is an incredibly flexible online job for students.

Though the profit margin of dropshipping is not as high as when stocking and shipping your own physical products, the benefits of a completely hands-off method make it worthwhile.

Online Jobs for Students

These online jobs for students provide flexible options and offer a balance between concentrating on your studies while earning some extra money.

Freelance Writer

Pay: $50 to $500+ per article

If you love writing and can find clients that need content, then becoming a freelance writer may be a good online job for you.

It is okay to begin on a platform like Fiverr or FreelanceWriting.Com, however, you won’t notice high-paying freelance writing jobs on these sites. To earn a good financial gain, you will get to work directly with websites, companies, or online magazines.

You can additionally explore for purchasers by connecting with diary homeowners, native businesses, and native newspapers that may like writers. Otherwise to search out jobs is to affix writing Facebook teams. The competition is often fierce, however, you will have best if you are persistent and need to enhance.

Once you have established a solid portfolio, client roster, and testimonials, you can raise your prices.

Holly Johnson started freelance writing and went from making $0 to six figures a year using her own unique strategies. Now she teaches a course for freelancers to follow in her footsteps.

Proofreader

Pay: $10 to $45 per hour

There are many online jobs for students that allow you to make money proofreading, but you should not overlook the opportunities on campus.

Consider seeking out fellow students who could use a proofreader before turning in their next paper.

Proofreading is less in-depth than editing. Rather than making extensive corrections and suggestions, you work as a second set of eyes, looking for typos, spelling errors, and other minor issues to clean up their papers before they are submitted for grading.

Textbook Seller

Pay: 15% to 50% per book sold

Students area unit excellent candidates for book reconnoitring or mercantilism textbooks online. There are unit lots of, if not thousands, of scholars on school campuses United Nations agency, has not any interest in reselling their own textbook.

You can take advantage of their lack of time or motivation and offer to sell those books for your friends on a site like Textbroker. Negotiate a selling price, along with the fee you get per book, and do the work for them. As time allows, you can even scout online book prices and buy/sell during the prime textbook season (before the start of each new semester).

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Social Media Manager

Pay: $15 to $40 per hour

If you are an avid social media user, you can put your skills and time to good use by starting an online job for students as a social media manager.

Managing a business’s social media is comparable to managing your own Instagram, Facebook, or Twitter. To be visible and well-known on social media, you have got to be not simply active, but interactive. Once somebody posts a comment or non-public message to you, you wish to reply quickly

Businesses often fail at social media because they do not have someone dedicated to staying active on various social media platforms. They often do not have staff available to respond to comments, create new and engaging posts, or monitor conversations within their communities.

Local businesses offer prime opportunities for finding an online job for students as social media managers. You can send an email, but it may be good to call or visit local businesses or introduce yourself through their social media pages as a college student looking to help.

Some businesses will not be interested, while others may jump on the opportunity to get more exposure online.

Data Entry Specialist

Pay: $10 to $17 per hour

Data entry jobs square measure legit choices for faculty students, however, you must consider carefully before applying. They are straightforward, however, they have a tendency to pay less and need longer than alternative choices.

The best thing about data entry jobs is that the work is flexible and can be done in your spare time. You can take on as much or as little work as needed depending on your schedule.

If you are interested in finding a data entry job, start with a platform like Clickworker or DionData Solutions.

If you are looking for online jobs for students that are perfect for moms, consider some of these options. Keep in mind that any of the work-from-home jobs can be tweaked to work for you as well.

Virtual Assistant

Pay: $19 to $25 per hour

Becoming a virtual assistant to an Associate in Nursing already established online business is one of all the simplest online jobs to do, and you will begin before long.

Virtual assistants typically handle things like programming, client support, body help, email promoting, social media posting, journal management, and far a lot of

You can offer whatever services you feel comfortable doing, and you can add more to your menu of services as you gain experience. Or, if you prefer, you can specialize in just one or two areas.

Reach out to small business owners and online entrepreneurs, or connect with other VAs in Facebook groups. They might have leads for your first few clients or tips on how to maximize your earnings.

Graphic Designer

Pay: $25 to $50 per hour

You do not need an art degree to become a graphic designer. There square measure online jobs for students that need graphic style skills for comes like making printable sheets, flyers, announcements, ads, or Pinterest pictures.

If you have got a watch for style and acumen to use tools like Canva or PicMonkey, there is an internet job expecting you. Making stunning Pinterest and alternative social media pictures is in high demand among bloggers and website homeowners and may facilitate virtually any business to attract contemporary traffic to its website.

Niche Website Creator

Pay: $100 to $10,000+ per site

If you are well-versed in search engine optimization (SEO) and understand how to get a site ranked on the first page of Google, you could make money creating niche websites. From hiking and mountain climbing to baby-rearing, there is no limit when choosing a topic.

A niche website is not like a typical blog where you have to add fresh content weekly. Instead, you set up a few landing pages that sell affiliate products in a single niche. There is no guarantee that a certain niche will be profitable, but you can start brainstorming topics that you think are being underserved.

After you have built the site and made it profitable, you can keep it to earn passive income or sell the site on a marketplace like Flippa.Com.

Setting up a niche site is similar to establishing a regular blog. If you know how to do that, you can get started creating your niche site right away.

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Website Designer

Pay: $20 to $100 per hour

It is possible to learn how to design blogs and e-commerce websites without any formal coaching because of drag-and-drop builders that simply integrate with platforms like Shopify. If you are technically inclined and may spot the variations between a handsome website and a nasty one, you would possibly be able to begin planning and building websites for others.

Designing websites does not mean you need to reinvent the internet or create complex-looking websites. It means you need to know what looks good, is user-friendly, and meets your clients’ needs.

Although it is a simple process, many people are overwhelmed by the thought of creating their own website, and it is a gap you can fill while earning a good income.

Social Media Influencer

Pay: $20 to $100 per hour

If you prefer sharing your favourite deals, books, clothes, and alternative merchandise on social media and have engineered a loyal following, you will notice work as a social media influencer. With this job, corporations pay you to market their merchandise to your audience, and you will earn a proportion of the sales they create from your affiliate or referral links.

It does not take much to become a social media influencer if you choose a niche that is profitable and one you are passionate about it. You will need to post on your social media channels consistently and engage with your followers to grow your influence and your income.

There are companies like the Amazon Influencer Program and ShopStyle.Com that allow you to post-paid links on your profile.

Amazon Seller

Pay: $15 to $100+ per hour

Everyone shops on Amazon these days, which is why you can make a good income through Amazon as well.

The conception of Amazon arbitrage is straightforward, however, the method may be tedious. You discover discounted physical merchandise at your native stores and sell them at a profit on Amazon.

Though it sounds simple, your profits will quickly decrease because of Amazon’s sellers’ fees, shipping expenses, and time spent. However, if you already pay time thrift store searching or discount searching, then this online job for students may be for you.

Tutor

Pay: $14 to $22+ per hour

Online jobs where you can tutor students are a fantastic way for teachers to make money fast. You can sign up at any of these sites and tutor students on the subjects of your expertise

Outschool (does not require teaching experience; average pay is $40 per hour)

Wyzant (set your own rate)

VIPKid (bachelor’s degree required; pay is $14-$22 per hour)

YouTube Channel Creator

Pay: $0 to $2,000 per month

Kids making videos on YouTube is a huge industry right now. Ryan, the star of Ryan’s World, made $22 million in revenue in one year. With the help of his mom and dad, his channel became popular with kids everywhere.

Unfortunately, it is not as easy as recording a video, uploading it to YouTube, and watching the money roll in. YouTube made some changes to its minimum subscriber and view requirements before a channel can start making money.

Once those minimums are met, then you can place ads on the videos to create an income stream. That is why promoting your YouTube channel on other platforms is also important.

If your kids are driven and ready to be in front of a camera, then they might love the idea of making a profitable YouTube channel. You most likely will not earn the same amount of money as Ryan’s World, but you can earn something.

Amazon eBook Publisher

Pay: Up to 70% of each copy sold

Publishing a book on Amazon Kindle is easy and simple, but it is not a guaranteed way to make a lot of money. The books need to be well-written, edited, have a catchy cover, and have a clear marketing strategy. However, if you have a good idea, eBooks provide a way for your aspiring writer or illustrator to start earning some income.

If your teen has a talent for writing stories or drawing cartoons or picture books, you can help them start creating and uploading books to sell. This may be a fun way for them to earn money with their creativity.

Find Something You Like and Run With It

If you are interested in earning money online, there are many choices. To search out the proper one, brainstorm and admit your hobbies, skills, and abilities and choose one that works with those. If you cannot notice an associate degree existing job, you will be able to even produce one.

The best half regarding online jobs for students is that you simply will observe money from home by doing quite one gig or job at a time. If you wish to possess a diary and tutor, otherwise you need to possess an associate degree Etsy store and a YouTube channel and may work it all into your schedule, you can. A lot of you will be able to do to maximize your financial gain to realize your money goals, the higher you will be within the end of the day.

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BUSINESS TIPS HOW TO MAKE MONEY ONLINE

6 Money Making Mistakes Freelancers And The Self-employed Make

6 Money Making Mistakes Freelancers And The Self-employed Make

Perhaps you’ve recently considered leaving your full-time job to undertake a new challenge in your career. From freelancing, or even turning your side hustle into a full-time gig, there are various reasons so many people have recently decided to permanently quit the workforce.

Due – Due

While self-employment does offer better flexibility in your schedule, the ability to be your boss, and having the relaxation to work from home, it’s no wonder more than four million people were seen quitting their jobs during January 2020.

Times have been changing since the advent of the pandemic, and extended lockdowns have shown people that starting their own business can be financially beneficial if done right, and not having to answer to anyone else can help improve innovation and productivity.

Yes, being self-employed has its perks, and it’s become undeniable that working from home, and being your own boss is a lot more attractive than being stuck in an office or having to work for a company that doesn’t have the same moral stance as you.

Starting a business, whether it’s in your hometown, or perhaps somewhere else also brings financial constraints, even if it looks like the grass is greener on the other side. There are a lot one first needs to consider before making any drastic changes.

So whether you may be currently caught in the middle of leaving your job, or maybe you’ve already quit, it’s time to start talking about the financial mistakes you may endure in your time as a self-employed individual.

From budgeting, time management, work-life balance, and saving properly – there are a number of mistakes freelancers and the self-employed are making, and this article will help you avoid those mistakes.

Not Budgeting Properly

Right from the start, it’s time to get your finances sorted. Now that you’ve left a steady job, and a full-time salary, you need to start budgeting a lot better. Counting every dime and nickel you spend, and cutting back on unnecessary expenses.

There’s a simple equation that works, and it’s one you can apply to either when you’re freelancing, or when you still receive a monthly paycheck.

Split your earnings as follow:

  • 50% Needs: These will be important bills such as utilities, mortgage, rent, and groceries.
  • 30% Wants: This can be for things you want at a certain time, such as luxuries, or eating out now and again but aren’t truly a necessity.
  • 20% Savings: It’s advised that you put at least 20% of your earnings in savings, an emergency fund or perhaps return that money into the business

If you’re operating a small business from home, or online, you will have to make cutbacks on your wants, as this will help you save a lot more, and you can use any excess cash to support the business.

Inadequate Use of Time

Perhaps one of the reasons you decided to work for yourself or start your own business is because it gives you the ability to spend more time with your family and do what you enjoy. While this may be the case, a lot of entrepreneurs, freelancers, and self-employed people still don’t understand the value of time.

Now that you have more time to do a lot of different things, it should be second nature to prioritize certain tasks and projects. Consider work that’s a high priority, and get that out of the way first.

Have a diary or tabletop calendar where you can write down important tasks that need attention. Focus on the important things first, before you go on to complete other projects.

Yes, having balance as a freelancer or self-employed person isn’t easy, working from home and maybe still having a family, but consider how every minute or hour you’re spending doing something unimportant, you could be using that time to learn a new skill, grow your network, look for new clients, or finalize a certain project.

Time is money, and it’s a standing fact you need to grasp right from the very start.

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Unable to Separate Business and Personal Expenses

So perhaps you might have an idea on how to budget now, but you’re still not seeing any money come in and being put back into your business or entrepreneurial ventures.

Separating personal and business expenses is one of the main reasons a lot of small businesses, or freelancers can struggle to make money.

Although your new self-employment may only start taking off, you need to consider the money that’s coming in, and how it’s being divided.

For personal expenses, use your checking account, as money comes into the business, pay yourself a small salary, if possible. That account and money can now be used for personal purchases.

Any business-related purchases should be captured in a spreadsheet for tax-related purchases, and to ensure you don’t overspend on the business side.

As the business grows, or you start getting more jobs, you can start thinking of setting up a business account. Just remember, once you set up a business bank account, there can be tax-related expenses and filing you will need to adhere to, so be sure your business is on a level of income before opening a business bank account.

Not Tracking Expenses and Revenue

This goes hand-in-hand with separating personal and business-related expenses, and you must consider what you’re spending, over how much you’re getting in.

Some business owners tend to overspend, purchasing new stock, or goods when it’s not needed, or perhaps even when there’s not even cash flow to make a large purchase that isn’t needed right now.

It’s vital to the success of your business or freelance career that you keep track of how much is being spent, over the amount you’re making. If you’re a freelancer that works from home, purchasing expensive office equipment you might not require right now can make a dent in your budget.

The same goes for an entrepreneur making large business purchases when there’s not sufficient cash flow to sustain it.

Make sure that expenses are not more than your revenue or income, if you start seeing red on your books and in the budget, then it’s time to start paying closer attention to your budget.

Savings. Savings. Savings.

So perhaps you already had a healthy-looking savings account before you quit your job. By now, you started using some of that savings to either get your business off the ground, making necessary payments until actual money starts coming in, or you paid off some outstanding credit card debt.

Whatever you spent your savings on, it’s important that you now look to put back what you have taken out. It might not be possible immediately, but over time as you start generating a substantial income, you can place a portion of your revenue or income into your savings.

Your savings is your lifeline when you reach a point when sales were lower than you anticipated, or perhaps you haven’t received as many contracts as you’d hoped for.

Keep track of how much money you’re setting aside as an emergency fund, as you’re now completely in control of your money, expenses, and the income you make, you have to consider the seriousness of your savings.

Before anything else, make sure that you set aside at least 20% to 30% of your income into a savings account. You can also be smart about it, and place it in an account that receives a decent percentage of interest every month, or in a mutual fund.

Be sure to do proper research before you start looking at various ways you can make your savings grow, as you can run the risk of losing it as well.

6 Money Making Mistakes Freelancers And The Self-employed Make 1

No Efficient Tax Planning

Taxes are different for self-employed workers or working as a freelancer, and the sooner you get on top of it, the better.

For self-employed people, you will generally report your income and withhold your own taxes. There could be a possibility that you will need to pay a self-employment tax as well, and if you operate a small business, there could be business-related taxes that need to be filed as well.

Freelancers would also need to learn the rules of what to file, withhold and report, especially if you work from home.

It’s good that you plan for taxes as you start your new career ventures, as it’ll help you see how much money you need to set aside for taxes.

There are also different categories for business tax and freelance taxes, which can range from business expenses and purchases to personal expenses that can be filed as a business purchase. It’s a tricky and complicated system that if not properly understood, can cost you quite the amount of effort and money.

Now that you’re self-employed, and being your own boss, it’s time that you start taking better care of your finances. Not having that hefty paycheck each month, and having to make your own money comes with a lot of responsibility.

The better you understand how to work with money, and how to budget and save up for an emergency, the more comfortable you’ll become with business and personal finances.

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DEEP DIVE ARTICLE HOW TO MAKE MONEY ONLINE YOUTUBE

Top 30 Side Hustles for Students

Top 30 Side Hustles for Students 4

Being a student isn’t easy, and one of the biggest hardships you will face as a student is finding the finances to do things like… well… eat. Fortunately, the has never been more opportunity for students (or anyone, for that matter) to make a little extra income on the side.

In the interests of making life a little easier for our intrepid knowledge seekers and future leaders, we’ve put together a list of thirty side hustles that students can help make life a little easier while you are putting yourself through higher education.

Start a YouTube Channel

YouTube has made many people rich, and even though those people are a huge minority, there are many many more people who make a respectable side income from the platform.

And, given the popularity of YouTube, there is no shortage of advice out there to get you started. You can even start right here! You can create a channel around something you are passionate about, something you are knowledgeable about (both is a bonus) or even what you are studying.

Start a Blog

Essentially the same premise as starting a YouTube channel, just with written words instead of video! As with YouTube, you can start a blog about anything you have a passion for, special interest in, or knowledge of. It could be the subject you are studying, your favourite genre of movie or novel, or just weird facts from around the world.

If you have a talent for telling an interesting story, you can put that talent to work in blog form.

Offer Dog Walking Services

You don’t need to limit your side hustles to things online, of course. One example of a real-world side hustle is dog walking services. Pet dogs are more popular than ever, but that popularity, unfortunately, coincides with a time when more of us are out working than ever before.

Enter the intrepid dog walker.

If you like dogs, you could make a respectable side income by taking several of the furry little critters out for walkies, giving their owners some peace of mind in knowing that their best friend isn’t being neglected at home.

Become an App Tester

A lot of effort goes into making apps work, but all the effort in the world won’t make up for a lack of user feedback. App developers naturally would rather get that feedback under controlled circumstances, rather than putting an app out and waiting for the negative reviews.

That’s where app testing comes in. There are many services that provide the opportunity to be an app tester, here are a few of them;

Top 30 Side Hustles for Students

Become a Secret Shopper

Secret shopping is the kind of side hustle that will sound like a dream come true to the right kind of person. Also called “mystery shoppers”, these are people who are paid to shop in stores or eat in restaurants with the hidden agenda of collecting information.

There isn’t a great deal of financial rewards for this side hustle, but you will typically be reimbursed for your purchases.

Take Paid Surveys

One of the older and more well-known side hustles of the Internet age is the paid survey. Exactly as the name suggests, paid survey companies will pay you a modest sum to complete a survey, with your answers being valuable to market researchers and other similar parties. Here are a few paid survey sites to get you started;

Become Part of the Machine

If you don’t have a particular skill or interest in mind for your side hustle, you could take a more generalised approach with something like Amazon’s Mechanical Turk. This is a service that operates on the principle that humans are still better than machines at some things. Essentially, people who need a large number of small tasks doing (things like tagging images) can sign up and do just that.

Offer Online Tutoring

If you’re a student, it’s safe to say you’ve at least done well through primary and secondary education. That’s great for you, but there are millions of children (and adults) who are struggling with this very thing.

You can offer online tutoring in subjects like maths. Or, if you have particular areas of expertise, you could tutor in those as well.

Start an Online Course

On the subject of areas of expertise, if you are particularly knowledgeable in something, you could create an online course around it. Again, this could be something you are just good at, or it could be something you are studying, perhaps offering an introductory level of education to a subject that you are studying at an advanced level.

Sell Old Items

Granted, you wouldn’t be able to keep selling old items forever, but there are several apps (and, of course, eBay) designed to make it easy for you to find a buyer for some of your old things, from clothes to gadgets.

Become a Reseller

Essentially, the difference between someone selling old items and this suggestion is that you will be first seeking out items to sell before you can sell them. This might mean scouring things like Facebook Marketplace and Craiglist for hidden gems, or it could even mean buying things in bulk to get the price down.

Top 30 Side Hustles for Students 1

Become an Affiliate Marketer

Affiliate marketing is the process of advertising someone else’s product in exchange for a “piece of the action”, so to speak. The most well-known example of this is Amazon Affiliates, where you can link to any product on Amazon and make a little cut of any sales you generate.

This side hustle works best if you have something to pair it with, such as a YouTube channel, or a blog, but really anywhere you can promote something will work. You could even go door-to-door… but we wouldn’t recommend it.

Sell Print-on-Demand Merchandise

Got a flair for design? There are many services on the Internet that allows you to create products like t-shirts, mugs, mouse mats, and other things of that nature with little more than a click of the upload button.

Again, this works especially well if you have a popular YouTube channel to base your products on, but if you can create compelling designs, you can certainly make print-on-demand merchandise a successful side hustle in its own right.

Sell Artwork or Photography

If you do have that creative flair mentioned in the last tip, you could always put it to good use in other fields, such as selling artwork and photography. A number of sites will let you upload stock imagery so that you can profit from the licensing of those images. Just remember that once you do this, you have no control over how the image gets used, so be careful what images you choose to sell.

Write an eBook (or a physical one)

When “write a book” is suggested, the first thing people tend to think of is a novel. Now, if you have it in you to write a novel, certainly give it a go. But as side hustles go, it’s not the most effective way to make money. Given the typical time it takes to write a novel combined with how long an average publisher takes to respond (probably to say “no thanks”), you might not be a student by the time you see any money from a novel.

But you can create eBooks (or regular books) that are non-fiction and centred around something you are an expert in.

Offer Proofreading and Editing Services

Don’t fancy writing a book? What about proofreading someone else’s? Most of us can put together a blog post, but we’re not all up to a professional standard with the technical aspects of our writing.

If you are confident in your command of the English language (or any language, for that matter), you can offer your services as an editor or proofreader, checking other people’s work for mistakes.

Become an Influencer

Granted, not everyone can become an influencer, but if you have an entertaining personality and you like being in front of the camera, becoming an influencer may be a viable option for you.

Influencers typically operate through social media platforms, such as—Instagram, or Facebook—and can earn money through brand deals.

Become a Ride-Share Service Driver

If you have a car, you could consider working for a ride-share company like Uber, or Lyft. Services like this give you the ability to have complete control over the amount of time you spend working on your side hustle—a kind of flexibility that is a must for busy students.

Become a Virtual Assistant

No, we’re not suggesting you be available 24/7 to respond to questions anytime someone says “Siri” to their iPhone or “Alexa” to their Amazon Echo. Websites like PeoplePerHour.com make it possible for you to find people who need certain assistant-like tasks completed, such as email management.

Review Apps and Websites

Similar to testing apps, there are also sites that will pay you to review apps and websites. We’re not talking about being paid to review something by the company that made that thing—that would be cheating. This is typically for sites that offer consumer information, and want a large number of honest reviews.

Become a Translator

If you know more than one language, you could find work as a translator. This will typically be written word translation, but you can certainly find verbal work as well. This could even be paired with our “transcribe audio” suggestion a little further down.

Top 30 Side Hustles for Students 2

Deliver Things

Similar to Uber (indeed, including Uber), there are companies that offer the delivery of things like food and other items, and they need people to make those deliveries. Unlike Uber, however, this work doesn’t necessarily need a car. It’s a common service offered in big cities and can be done on a bike.

Offer Cleaning Services

Many of us struggle to find time to keep our homes or workplaces as clean as we’d like, so why not take that load off someone’s mind by offering cleaning services! This sort of work can be done in the evening or on a weekend, so it shouldn’t affect your studies.

Sell Advertising Space on Your Car

Getting your brand in front of eyeballs is most of the battle for advertisers, but that’s good for you because it means you can get paid simply for letting advertisers use your car as an ad. Services like Carvertise will pay you as much as $500 a month to put ads on your vehicle.

Rent Out Your Car

Or you could rent out the whole thing! Car-sharing services like Getaround can connect you with people who need to rent a car, letting you earn a little extra cash. If you’re not using your car at the time, this one is a no-brainer.

Rent Out Your Parking Space

If you have a parking space you’re not using in a part of the world where it’s hard to find parking spaces (we’re looking at you, London), you could rent it out to someone, and put that land to good use.

Transcribe Audio

While speech-to-text recognition is getting better by the day, humans are still often needed to transcribe audio. You don’t need any particular skill for this, but being a good typist will make your life much easier if you decide to take on some transcription work.

Become a Freelancer

If you have a skill, you could just charge people to use it. Whether it’s copywriting, illustration, video production, and more And the good thing about freelancing is that if you like it, freelancing can always become a full career when you are done with your studies.

Become a Social Media Manager

If you have a knack for social media, there are plenty of people out there who do not that would be willing to pay you to help them grow their online presence.

Get a Part-Time Job

And, finally, the obvious one. From tending bar to stacking shelves, there is always the option to go out and get a part-time job, earning money the old fashioned way.

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HOW TO BE SELF EMPLOYED – The Hard Lessons You Learn When Your Are Your Own Boss (EP011)

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HOW TO BE SELF EMPLOYED – The Hard Lessons You Learn When Your Are Your Own Boss (EP011) // In the news – FairTube YouTubers Union. Podcast – Are you dreaming about shaking of the shackles of the 9to5 grind and becoming your won boss? Have you handed in your notice and just settled down to your first week of work? or are you wondering if its he right move for you, this podcast is for you. Today I deep dive into the hardships that come with going freelance/self employed and the things you might not have considered would be a hurdle in your new adventure.

Also in the news we talk about the #FairTube YouTubers how this will effect youtube and what I feel about in with a deep dive.

TWEET ME YOUR QUESTIONS USING #STARTCREATINGPODCAST – GET YOUR QUESTION ANSWERED ON THE PODCAST!!