Numerous individuals are padding their wallets with side hustles from the comfort of their homes or through their smartphones.
Creating a side hustle that makes money is achievable with the right foundation. Insights from Kathy Kristof, who has looked into over 500 side hustles on her blog, and Cody Berman, co-founder of Gold City Ventures, a course on starting online businesses, point the way.
They outline three steps to launch a side hustle and check its viability:
Step 1: Pinpoint What You Can Monetize
Every side hustle begins by identifying how to turn your “interests, talents, and assets” into money, as highlighted by Kristof. Successful side hustles usually meet at least one of these criteria.
For example, if you’re passionate about guinea pigs, you could create and sell an innovative cage. Smart students might find opportunities in tutoring. Or you might make income from renting out your home, pool, or land on platforms like Sniffspot, Swimply, or Neighbor.
After deciding what to monetize, think about the time required. Jobs like Uber or food delivery pay for the time you work. Options like Airbnb require less daily effort but need an available space and some maintenance.
