What types of businesses work best? Find one in any of the following highly-profitable three industries: make money online, diet and fitness or relationship and dating. Any business targeted to one of these industries can reap the benefits of massive consumer spending occurring every single day. While you can certainly sell products for other companies as an affiliate, creating your own, also presents significant upside.
One of the most effective and efficient side hustles are the ones that generate passive income. By creating and selling online courses, you are able to spend a few hours creating a course and then sit back and watch the money come to you as people enroll. Figure out an area you have experience with, and go from there. If you spent 20 years as a financial adviser, you could easily create a course about investing in stocks. Other course ideas include teaching yoga for beginners, how to negotiate higher salaries, and cake decorating.
Or, if you’d prefer more something more editorial and less salesy, you can find that, too. Media companies (including Entrepreneur) offer digital writing and editing positions for the digital publication, which essentially can be accomplished from anywhere in the world -- as long as you have an internet connection. In fact, we have some writers at Entrepreneur who work from Paris or their home offices instead of the office in New York City.
Then summer comes, and you get a well-deserved break! But after the first week or so of vacation, you might feel some of your energy returning. You might also start to wonder if your bank account could use a little extra padding—and honestly, free time does get a little boring after a certain point. So what can a teacher do to earn a little extra money and stay busy during the summer months?
Like Airbnb, becoming a ridesharing driver for companies like Uber, Lyft or Sidecar is a way to join the shared economy. And though it is not technically earning money from home, it allows the same kind of flexibility and it is a way to use an asset you already own (i.e. your car) to make money. There are things to keep in mind, though, about driving other people such as whether your car insurance will cover you and how you pay taxes on your earnings.
Again, video is much more expensive to produce than written content, so while it’s always good to be versatile, it’s especially important as a video editor or producer. Try to become an expert in every aspect of video production, from lighting to sound to editing footage. Know the difference between what works on a Facebook Live and what works on YouTube.