The most exciting part of starting a business is bringing in an audience and customers. As of 2021, around 34% of people state they have a side hustle or side gig that they want to become their part of their wage, while 24% have stated that they have thought about starting a side business.
With the advent of the Internet, many businesses can start and manage their operations online, leading to an increase in side hustles. These are essentially small businesses that run alongside a person’s main occupation. Now side hustles are becoming more popular. There are some people who are looking for ways to monetise their hobbies, whether using their products or their audiences. Here are five ways to get paid using your side hustle.
Sell a Product or Service via Ecommerce Platforms
There is a myriad of ways that you can find success by using the Internet to sell products. The most common being e-commerce sites like eBay and Amazon. Or more specialised areas like Etsy for handmade items, or Alibaba if you’re looking to import and export goods. If you have an online store or blog, you can make money by selling your own products. For example, if you’re a skilled photographer, then you can charge people for stock photography. You could also create your own course and profit from it through sites like Udemy and Teachable.
Advertise Online to Target Market Audiences
Your small business has the opportunity to make money through online advertising by target marketing audiences. Target marketing audiences is the most effective way to get your advertisement in front of potential customers. These advertisements will be more likely to grab their attention and make an impression when these advertisements are tailored specifically for their needs.
Recruit Affiliates to Promote Your Brand
Affiliates programs are like a win-win situation. You don’t have to invest in marketing, and they do the work for you. Unlike other forms of digital marketing, affiliates programs offer an inexpensive way to grow your business without making any extra efforts on your part. They are a great way to get more customers without spending too much.
Monetise Your Social Media Accounts for Quick Profit
Social media is a great way to get your name out there. It helps with engaging and monetising your audience. The more followers you gain, the more people are going to be interested in your content and who you are. The best way to make money on social media accounts is by turning them into a brand of their own. If they create branded posts and have a location where people can buy products, then they will make more sales for the business.
Monetise Your Website by Offering Services
Monetising a website or blog is a popular way to earn money. You need to make sure that you have the right combination of keywords, content, and the ability to convert traffic into subscribers or customers. The most popular way to monetise a site nowadays is through advertising from Google AdSense or other ad networks.