SideMoney Blog

side jobs

5 Side Hustles with Low Initial Investments

side jobsAre you looking for a way to bring in a little extra money on the side? Are you ready to put your skills and talents to work for you instead of for just another boss?Starting a side hustle is an excellent way to dip your feet in the entrepreneurial world. You’ll learn more about the ins and outs of running your own business, experience being your own boss, and help add to your bottom line — all while continuing to work your day job for guaranteed income and benefits.

If you’re looking for the perfect gig that won’t cost a ton of money to get started, take a look at these five options. They’re all proven ways to earn real money from home. They also require a low initial investment. making it easier to fund your business.

1.      Start a Freelance Writing Career

If you have a way with words and enjoy writing, think about launching your own freelance writing career. You can start a free blog on a site like WordPress or Blogger to start getting samples published. Then, start pitching for gigs. Look for sites that post writing jobs for free, such as ProBlogger or FreelanceWritingGigs. You also can find paid opportunities on Craigslist, though you might have to sift through some scams. As you earn money, you can invest it back into your business to take a class or host your own website. These will help you grow and earn even more over time.

2.      Offer Virtual Assistance

Are you a social media rock star? Do you have accounting or bookkeeping experience? Can you handle customers with finesse? These skills (along with numerous other ones) can be packaged and sold as virtual assistant services. As a virtual assistant, you’ll provide help to a client or clients virtually. Think about the skills that you have, and how they can help other business owners. Once you’ve identified businesses that could use your help, start pitching your services. You can create your own website and spend money on marketing as you begin to grow.

3.      Pet Sit for Others

If you love animals, pet sitting might be the perfect side gig for you! You can spend your free time playing with dogs, ensuring the cats have plenty of water, and that all the critters have enough to eat. This gig is perfect for someone who works a shift other than days. That way you can help those pet-owners out who are stuck in an office all day. You’ll have to spend some money on advertising, and then hopefully word of mouth referrals will take over.

4.      Website Translation

Are you fluent in multiple languages? Put your linguistic skills to work as a website translator. Unlike traditional translators, this gig is typically done remotely. Reach out to local businesses with a worldwide reach, and pitch your services to make their site accessible to those who speak different languages.

5.      Tutor/Teach a Skill

Put your brains to work for you and become a tutor. You can work with students in grades K-12, or adult learners. Decide what services you’ll offer, if you prefer to tutor face-to-face or virtually, and then start advertising. You can put an ad in the local paper or hang signs at a nearby college. Think about where your ideal student will hang out, and advertise there.

Keep It Legal

Before starting any side hustle, make sure you know the legal requirements in your state or country. If you need a business license, apply for one. File any appropriate permits, and ensure you’re licensed and bonded. That way your business isn’t seen as a hobby by the IRS at tax time. You may need to apply for a Tax Identification Number as well. That way you don’t have to keep giving out your social security number when clients need to pay you.

Pin It on Pinterest