The year 2024 is here. But the global economy is still in a state of flux. Things are slowly starting to improve. But many are still struggling to make ends meet. Are you looking to make extra money in the new year? Then you should explore the best side hustle ideas for 2024.
From becoming an online tutor to starting a small business, there are a variety of ways to make extra income.
So, ready to take the first step on your millionaire journey? Let’s find out how you can create multiple income sources to achieve your goal this year.
The Best Side Hustle Ideas for 2024
1. Dropshipping
Dropshipping is among the best side hustle ideas!
It enables a person to directly sell a product to the consumer without a middleman. And you don’t need to buy an inventory. This concept lets people start businesses without a huge startup budget.
Low entry means low risk and huge rewards. A manufacturer develops the product and carries the inventory. They can directly ship their product to your customers or your consumer. All you need to do is to promote, market, and advertise their products.
So, it’s a true win-win situation.
Put your talents to use and build your target audience willing to purchase from you. That’s all you will need to do. This concept is designed for aspiring entrepreneurs or someone willing to add extra income.
With dropshipping, you can start earning money by utilizing your skills, knowledge, expertise, and creativity. It takes us back to the days of bartering. You can truly be yourself and gain others’ trust so they will purchase from you instead of marketing conglomerates.
If you are a single parent, then you can tell a story about a favorite swing your child loves. As a cook, you can display your favorite set of knives while cooking with them. Then you can guide your crowd about where they can purchase the same knives. The place they buy the knives could be the product store you have set up to take orders from.
The internet is a place full of potential customers and clients looking for information before purchasing a product. Provide the information for the niche that you are an expert in or are interested in and point them to where they can buy it!
2. Wholesale Business
Is dropshipping not an option? Or are you more of a hands-on type of person? Then wholesaling may be your go-to option.
It gives you control over the products you move. Also, you can run this business model online. But you would need to buy products in bulk at a discounted rate. This way, you can sell them at a higher profit rate.
Taking this personal approach helps you be of service to your customer base in a more direct way. You need not wait for the dropshipper customer service department to handle issues. So, if your strategy is to build your brand and control your destiny, then wholesaling is probably a better option.
The best part about wholesaling as a side hustle is that you gain the experience of dealing with manufacturers, wholesalers, and buyers. This is an everlasting skill and you can utilize it to advance your career or establish a successful business.
To make this wholesale business work, you’ll need to find a product manufacturer or supplier. The internet has plenty of such places. Thus, you can look at liquidation websites, auction websites, and wholesale marketplaces. With plenty of research, you can partner with or buy from an endless source of products to stock in your store.
3. Freelancing for Others
We all have GOD-given talents. You might be blessed with the talent of writing songs, being able to create things, to read, and comprehend contracts. Or maybe it’s the talent to type 150 words a minute.
We all have talents that we excel in that other people may lack. Through the internet, you can make the most of your talents in three ways:
- Network with those who need those talents
- Produce those talents
- Get paid for your talents
Now, there are various websites where you can utilize your talents to make more money. So, where do you find these sites?
To find the legit ones, you’ll need to look no further than Millionaire By Morning. It’s because we vet every site we recommend.
Do you want to make t-shirt designs? Or do you want to be an event planner? Would you like to be a personal assistant? How about a content creator, Secretary, voiceover artist, animator, or podcast host? You can get a job that millions of people are interested in hiring for.
So, it’s time to get to work!
The money that you can make in this side hustle is endless. Further, you can build your own business by freelancing alone. Many successful people initially started as freelancers.
A lot of jobs these days are going away. So, there’s nothing wrong with beginning a new career. Get training for what your interest is and then post your specialty as a freelancer.
It’s time to win! Let’s win together!
4. Moonlight as an Affiliate Marketer
There is another way to make money by advertising and promoting. This avenue is a bit different because it’s geared toward educating or informing your potential customers. But if you have what they call clout in your community, then this is a simple side hustle.
I may come across a person on YouTube or a blog that shows me the proper tools to fix my car, build a homestead, get the correct lighting for a photoshoot, or have excellent sound for my podcast. Then I’m going to trust their word. Also, I’m likely to use every product or tool they recommend.
That is Affiliate Marketing. And the only thing required for affiliate marketing is a link. A unique link that indicates you as the person who gets a commission from a sale.
A cool thing about affiliate marketing is that you can partner with brands you know and love. Also, these can be brands you use in your everyday life or experiences.
For example, you may use a certain soap, perfume, or hair shampoo brand in your daily routine. So, you can contact that company and ask to be a brand ambassador or affiliate for their brand.
Now, the examples I shared are low-hanging fruit. Thus, they may pay a minimal amount. But you can look for companies and brands that pay more in commissions. If you are a foodie, thrill seeker, or travel enthusiast, then your experiences can pay off. You can partner with airlines, resorts, vacation planning websites, and credit card companies too.
Start Your Affiliate Marketing Journey
Popular influencers make money with affiliate marketing. It may take some time to build a following. Also, there is a lengthy learning curve. But that doesn’t matter in the long run. It’s because you can document your journey to show others what tools you use. It’s like OJT (On-The-Job Training).
Check with us for affiliate marketing training at www.millionairebymorning.biz.
This side hustle can afford you credibility and an awesome lifestyle. Imagine finding a specific niche, like raising caterpillars… Yeah, I know but let’s just have some fun with it!
You want to become the caterpillar king or queen. So, you need a marketing avenue to get in front of your target crowd. It takes time to build the reputation of a head honcho. Then people begin to listen to your advice. Now you can convert these leads into sales.
If you get a fan base of 50 people with one affiliate that pays $50, that’s $2,500. With affiliate marketing, you can partner with a known established brand. But the coolest thing is they will provide the digital assets to help you make sales with your side hustle!
5. Launch a Print on Demand Store
There are so many things to print. For instance, common phrases and sayings, artistic expressions, political statements, poetry, and all kinds of other ideas you can think of. These would make appealing t-shirts, coffee mugs, and custom workout equipment.
Custom graphics have been around for years in our local malls and stores. They are popular for family reunions, mom-and-pop shops, and league teams. Now, you can operate like those print places and open a print-on-demand shop of your own. It’s one of the best side hustle ideas for 2024.
With print-on-demand, you can sell customized t-shirts, bags, mugs, and more. So, it’s a side hustle that helps you to build your brand or print and service other brands. Further, with this concept, you can automate your business and provide graphics. And your dropshipping partner can complete the job and deliver the products.
Your customers can order from you and you deliver the product for them to sell. Or you can add their product to your store. Then promote and market for them and give them a cut. The printing company that prints your customized signs onto the products fulfills product orders. Also, they will ship the items to the customer.
Not a graphic designer? Don’t worry. There are freelancing websites where you can hire designers. They can customize your designs with text, images, and photography.
Who wouldn’t want to purchase a t-shirt, mug, or inspiring poster from their favorite go-to person? This side hustle is slow and steady. But it has the potential to turn into a gigantic hustle.
6. Start A Blog or Vlog
Looking for a way to move about and be able to travel while still making money? Then you may want to look at blogging as a side hustle. For this purpose, both blogging (the written version) and vlogging (the video version) can work.
It takes effort to build a following of people interested in your topic. Then it becomes a viable and vibrant way to make a living or a side hustle income.
Professional bloggers advise you to stick to a certain niche. “The richest is in the niches” is a common saying amongst bloggers. The coolest thing about blogging or vlogging is that you can include affiliate marketing, freelancing, and anything that digitally makes money.
That’s a Win-Win!
Blogging is a long-haul process. It takes consistency to see a return initially. But like most things, only the resilient see the best results. If there’s a side hustle that will afford you the lifestyle of living off of your computer, then blogging and/or vlogging is it!
Start your journey with a specific niche. Then once you have an established blog, you can branch out into different subjects and matters. This is when retargeting and digital marketing come into play. The analytics and algorithm will play a crucial role in your side hustle, making it easier to navigate.
In my opinion, blogging is for the passionate. Being passionate about your niche matters when you are sick, tired, and restless. The major factor that will bring you motivation when you’re down is being passionate.
Conclusion
There’s no time like the present to start building a side hustle. With a little effort, you can start earning some extra income in no time. So, which of the best side hustle ideas for 2024 do you like the most?
Do you have any questions to get started on your millionaire journey? We are here to guide you while you build your side hustle.