Most of our favorite businesses started out as side hustles. Many famous women in business you admire started small and grew step-by-step; or used the money from their side hustles to fund their businesses. Several opportunities exist for those seeking to become female entrepreneurs on the side.
The best side hustles to do at home are becoming a brand influencer, providing affiliate marketing services, offering online courses, and transcribing audio recordings. Additional ways to make money in your spare time are trading stocks and crypto and selling subscriptions to premium content.
This article explores simple side businesses that you can start to earn extra money to pay off credit card debts, invest more, or build an emergency fund. You’ll also learn about paying taxes on gig income.
Easy Side Hustles for Those With Little Time
Gig work is a great way to supplement income from your day job. But if you’re tight on time and trying to balance a side hustle and a day job, you should look for simple tasks. You may want to consider these opportunities:
1. Sign Up for Affiliate Marketing Programs
Companies across industries are paying people to refer customers to them. Sign up for an affiliate program with a specific company like Amazon or join affiliate marketing networks such as ShareASale and Impact. These platforms offer multiple affiliate programs in one place.
Share the affiliate links on your social media profiles and get paid every time your referrals purchase a product.
2. Join Brand Influencer Programs
You can monetize your audience with brand sponsorship deals if you have a sizable following on social media.
Brands are always looking for opportunities to reach new customers, and they'll pay you if you can help them grow their sales. As an influencer, you’re paid to get your fans to like a particular product or brand.
If you post popular videos that generate a lot of engagement, consider seeking brand deals.
3. Trading Stocks and Crypto
People are getting rich trading stocks and cryptocurrencies, and you can try it too. If you have little capital, consider buying and selling stocks and cryptocurrencies. You may also join crypto DeFi programs that let you earn money on your idle funds.
You may automate the stock and crypto trades, so you only have to check once in a while to see your progress.
4. Selling Subscription To Your Premium Content
While online content is largely free, people are willing to pay for great information and entertainment stuff. Consider charging your fans to access the premium content if you produce great videos. This can be an excellent source of recurring side income.
5. Advertising Products on Your Website
Google's Adsense program pays you to display ads on your website. You earn from ad views and clicks. Invite your followers on TikTok, Instagram, Snapchat, YouTube, and other platforms to visit your Adsense website.
Many other advertising opportunities exist for publishers apart from Adsense.
Best Side Hustles for Teens
Plenty of earnings opportunities exist for teens with talent and time. Whether you’re interested in TikTok side hustles or others, here’re ways you can make a buck on the side:
1. Transcribe Video and Audio Recordings
2. Offer Online Courses
People want to learn new skills and better ways to accomplish tasks. If you’re skilled in a particular area, whether cooking or solving everyday life problems, you can make money from it. Start a paid online course. You may also sell ebooks about your skills.
3. Sell Your Own Products To Fans
You can make and sell your own brand of products online. Take advantage of print-on-demand providers and produce branded t-shirts, bags, coffee mugs, and hats.
The on-demand companies handle everything for you, and you receive the payment. Consider using the TikTok Shopping feature that makes it easy for you to sell on Shopify. Teelaunch, Lulu Xpress, Printful, and others offer outsourced merchandise production.
4. Build and Sell Popular TikTok Accounts
Building a large social media following is a great challenge. People and businesses looking for a head start are willing to pay for an existing account with already large followings. If you’re talented in growing social media audiences quickly, consider turning this into a side business.
5. Apply for Creator Fund Payouts
TikTok, YouTube, Instagram, and many other social apps always seek fresh content. If you post great content and have a large following, you may be eligible for creator fund payouts on these platforms.
TikTok has set aside up to $1 billion for its creator fund program.
6. Collect Tips From Fans
If you post popular content and have a large following, ask your fans for tips to show gratitude. You may also collect virtual gifts from fans and redeem them for cash. You may be surprised how much your fans are willing to support your work.
7. Provide Consulting Services
Many people and businesses are struggling to grow their online presence. Besides creating and selling popular social media accounts, you can offer online marketing consulting services.
You may also consult on product development and advise others on securing brand influencer deals.
Best Tips For Making a Side Hustle Successful:
Keep these tips in mind if you want to build a successful side hustle
Start small but put in a consistent effort to grow gradually as you learn.
Focus on something you enjoy doing. This can help you recover from setbacks quickly.
Learn from the pros. Listen to those who have succeeded or failed in what you have started to learn about the dos and don'ts.
Don’t rush to quit your day job. Many people have frustrating day jobs but keep doing it until their side hustle can pay all their bills.
Platforms You Can Sign Up To Get TikTok Jobs
Social media influencer deals can be lucrative but competitive to get. If you’re interested in TikTok influencer jobs, consider signing up to these platforms:
TikTok Creator Marketplace: This is TikTok’s native influencer brand deals platform.
Upfluence: This platform connects influencers with brands, focusing on building long-term influencer-brand partnerships.
LTK: This is an excellent resource to check out if you’re interested in influencer deals in fashion, beauty, and fitness niches.
Simple Marketing Strategies for Side Hustles
The most straightforward marketing strategy is word of mouth. Encourage your customers to tell their friends and family about your products.
Consider offering discounts to customers who refer their contacts to you.
You should also ask your customers to leave reviews about your products on Amazon, eBay, Etsy, and other marketplaces you sell on.
You can extend your content’s reach on TikTok with in-feed ads. These ads appear on people’s For You feeds.
Hire a TikTok influencer on TikTok Creator Marketplace to promote your business brand.
Take Advantage of Resources Like JT Barnett on TikTok
JT Barnett is a highly regarded social media star. He shares excellent advice on how to succeed on TikTok. If you're considering a TikTok side hustle, you'd want to listen to JT. His insights can help you secure excellent brand sponsorship deals and avoid common pitfalls.
How To Approach Tax for Side Hustles
Side hustle earnings are treated as income for tax purposes. The IRS requires you to report side hustle earnings if you make at least $400 a year. As a side hustler, your profit is subject to the self-employment tax, whose rate is slightly over 15%.
The world is teeming with opportunities for women to embark on fruitful side hustles. With the right mindset, strategy, and a sprinkle of persistence, you can transform a hobby, skill, or idea into a profitable venture, while maintaining your regular job. Whether it's affiliate marketing, brand influencing, stock and crypto trading, content creation, or providing expert consulting services, the possibilities are limitless.
In this digital age, you don't have to go at it alone. You can learn from successful trailblazers like JT Barnett, who offers precious insights into thriving in the social media space. You can also tap into platforms such as TikTok Creator Marketplace, Upfluence, and LTK, connecting you with brands and amplifying your reach.
However, it's crucial to remember that starting a side hustle isn't an instant road to success. It demands patience, dedication, and continuous learning. Celebrate every small win along your journey, from your first client to your first profit. Most importantly, choose a side hustle that aligns with your passion and interests - it's these elements that make the process enjoyable and sustainable.
Lastly, don't forget that all income from side hustles should be reported during tax season. Staying on top of your finances is an integral part of running any successful venture. Embrace the world of side hustling, ladies, and remember, every empire starts with a single step. Whether you're aiming to pay off debts, build an emergency fund, or just expand your horizons, your entrepreneurial journey starts here. Get out there and start making your dreams a reality. You've got this!