If you’re alive in 2018, you’ve probably heard of the side hustle. These days, it seems like everybody has one. In fact, if you’re a millennial, half of your peers already do.
And sure, you may only earn a little per month at first. But because these side hustles cost almost nothing to start, the money you rake in will become pure profit.
Excited yet? Here are 4n side hustles you can start from your couch.
1. SELL AN INFORMATION PRODUCT
People love to learn new things, and you can profit from packaging your advice, knowledge, or expertise into a sellable product.
Are you an expert at getting the best deals at Disneyland? Know how to train pets? Give good dating advice? You can turn those insights into an ebook or course that people will pay for.
With information products, you pay an initial cost to create the resource and the website where it’s hosted, but it costs you nothing to produce extra copies of the book or course for new customers.
That means that after you cover the initial costs of creating the product, you’re looking at almost pure profits from each sale.
If you create a solid information product and promote it well, it could earn you substantial passive income for years to come.
For instance, if you sell an ebook about dog training for $10 and get an average of 25 people to buy it every month, you’ll rake in an extra $2,500 per year.
Or if you build an interactive course teaching men how to talk to women and sell it for $1,000, just one purchase a month will boost your income by $12,000.
2. BECOME A VIRTUAL ASSISTANT
A virtual assistant is like a regular assistant, only they connect to the business person online. They’re often hired by the hour, which means you can work as many or few hours per week as you’d like.
A virtual assistant can do practically anything, but the work often includes organizing resources and documents, scheduling appointments, taking calls, accounting, research, writing, proofreading, or editing.
If you have great attention to detail and would rather work with others than start a business by yourself, this could be a profitable choice for you.
Freelancing websites like Upwork and Fiverr often have job openings for virtual assistants. You can negotiate your own price with the client and clarify your tasks before accepting the job.
As a virtual assistant, you can charge between $15 and $60 per hour depending on how much value you’re able to bring to your client.
3. CREATE A NICHE REVIEW WEBSITE
Creating an in-depth resource on a specific niche can be a profitable endeavor.
The secret to a niche website’s profitability is affiliate marketing and advertising.
The website creator writes a number of informative, in-depth articles and product reviews to help readers know which items they should purchase.
As the website’s audience grows over months and years, and more readers begin to purchase items through the website’s affiliate links, the website owner can begin to earn hundreds and even thousands of dollars per month.
The passive income blog Income School expects a well-built niche site to earn an average of 2.5¢ per page view, per month, and bring in an average of 30,000 monthly page views by the end of the first year.
A niche website with thousands of monthly page views will also often receive five- and six-figure bids from investors.
Parlez-vous francais? Or Spanish, Japanese, or Arabic? If you speak a second language, you could get paid to translate from your second language into your native language.
To find translation jobs, try online freelancing platforms made specially for translation, like Gengo and Unbabel. Or post your profile on ProZ, where clients search for translators and post translation jobs on the site-wide job board.