3 Best side hustles to make extra money in 2021

Who doesn’t want to make extra money? A little extra money can help you in so many ways, whether you’re trying to pay off a debt or your student loans, planning a wedding, saving for a down payment, or just saving a little extra money to deal with rainy days in the future.

Needless to say, a side hustle from home could make the difference we need in our wallets. Simply put, a side hustle could prove to be the game changer, allowing us to make extra money outside of our 9 to 5 jobs. We will now look at the three best side jobs that can help you make a little extra money in today’s world.

1. A Dropshipping Business

In modern times, dropshipping has become one of the best side hustle job ideas. With a dropshipping business you will be selling products directly to the customers without having to buy stocks of items. This means that you won’t need to invest a lot of money when you start. By starting small you will also keep the risk of losses low.

The manufacturers of the goods will be carrying the inventory for you and shipping the goods directly to your customers, giving you enough time to focus on marketing and customer service. This can prove to be a very lucrative side venture for those who have a marketing background.

Dropshipping business graphics Pulse Live Kenya

With an entrepreneurial mindset, you can start a dropshipping business within any of your favorite passions. For instance, if you like spending time in your kitchen, you could sell kitchen equipment online. If you’re passionate about makeup, you could offer makeup tutorials to your audience and sell beauty products.

With your own dropshipping business you could pursue any niche. If you think you’re creating enough, you could even try the most unusual business ideas. That’s what you get for being your own boss, you will always have the final say.

2. Trading Cryptocurrencies

If you want to have a profitable side hustle, it is important that you stay up to date with recent developments and look for the next big things. You might have already heard about Bitcoin, it is the most well known cryptocurrency around the world. Bitcoin was launched in 2009 and in the last couple of years it has played a huge role in the financial industry. Bitcoin was the first cryptocurrency ever but there are now many different cryptocurrencies available in the crypto market.

Bitcoin was developed as a medium of exchange, however as the cryptocurrency has a volatile nature and its price value is almost always fluctuating, a lot of people trade Bitcoins in order to make profits. Cryptocurrency traders buy crypto assets when the price is low and then sell later when the price increases.

Dos and Don'ts of Cryptocurrency trading Pulse Live Kenya

The processes of trading cryptocurrencies like Bitcoin can be made easier with the help of automated platforms, such as British Bitcoin Profit. These platforms take into account different factors that can have an impact on the price value of Bitcoin before performing trades on behalf of the users.

The best thing about Bitcoin trading is that you can buy and sell fractions of one Bitcoin. The price value of one Bitcoin is around $35,000, and it is highly unlikely that those who are looking to make a little extra money through a side hustle will have enough to buy one full Bitcoin.

3. Freelancing

If your day job pay fluctuates or you do not have a predictable income, you might need a second source of income so that you’re not completely dependent on your 9 to 5 job pay. You should take up freelance gigs if this sounds like you.

These freelance gigs could include occasional projects on Upwork or work that you create on Fiverr. You might help a client build their social media one week and create T-shirt mockups for another client the next week. It is worth noting that the type of projects freelancers work on can vary. So if you like to switch things up a little, working as a freelancer could be the perfect side hustle for you.

Shot of a young businessman using a laptop during a late night at work Pulse Live Kenya

The amount of money you can make through freelancing will depend on the side gigs that you will be taking on and the platform you use. However, if you have enough free time, you can get better at the services that you’re providing. This should help you in becoming a successful freelancer as you will be charging your customers based on the value and quality of work you do for them.

If you’re thinking about starting to work as a freelancer, you can first focus on building your portfolio and skillset on Fiverr, Upwork or Craigslist. Thousands of people who are looking to take up side jobs visit these websites daily as it’s easier to find gigs on these websites.

Conclusion

Your side hustle can help you pay your bills and make a little extra money. Apart from financial help, you might even learn new things and develop new skills from your side work.

However, before you choose your side work, it is important that you consider a few things. Think about how much you can invest, make a list of things you’re passionate about, and schedule time for your side hustle but don’t forget about your day job either.

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