Six Figure Side Hustles

The world we are growing up in now is far from what it was when our parents or grandparents grew up. When they grew up a family could live on 1 salary and that was usually the father’s income. Roll forward into the 21st century and in some cases 1 salary doesn’t even pay the childcare let alone the rent or food, and yes I said rent because there are many people who don’t own or cannot afford to save up the deposit for their own home.

Let’s take it one step further, you and your partner both have jobs but you’re still just living paycheck to paycheck. What do you do now? The answer is simple you need a side hustle. A few years ago you didn’t need one and if you did it was just to have a few extra bucks to go on a better holiday or treat yourself and family but now you need that side hustle to pay for your kids future education, a loan, saving for a house or worse yet pay the bills.
Below here I have typed up some ideas that you can do part-time in order to make some side hustle money, with that being said there is no reason why with a little hard work you cannot turn your side hustle into a six-figure income.

But before you start your journey towards extra income (and more meaning/fulfillment), spend some time mapping out your desired situation.

Why do you want to start a side hustle and what does success look like?

  • Extra spending cash for weekend activities?
  • Pay off your credit card or student loan debt?
  • Take an extra vacation each year?
Don’t make the mistake of assuming that once the money starts rolling in, you’ll be able to ride the gravy train all the way to being able to fire your boss.
 
Use the following criteria to identify six-figure side hustles:
    • Can start earning money from day one
    • Doesn’t require a significant upfront investment (under $100)
    • Six-figure annual income potential (your earnings are tied to results, not time and you can outsource some, if not all, of the work )
Forex Trading 
Forex Trading is one of the most lucrative online and home businesses. With Forex Trading you can have the time and freedom to live the life of your dreams. Foreign exchange, also commonly known as ‘Forex’ or ‘FX’, is the exchange of one currency for another. Forex is the world’s most traded market, with an average turnover in excess of US$5.3 trillion per day.

 

5 Reasons why trading is the ultimate side hustle
  1. It’s Accessible to Anybody
  2. You Can Do It Anywhere
  3. You Can Make a Lot of Money
  4. Low Maintenance Costs
  5. You can make money on the first-day trading

Get a free trading account when you sign up with IC Markets
 
Network Marketing ( MLM )
Selling is scary. Not only do you have to present yourself to a bunch of people who have completely no clue who you are, but also convince them to part with their money for what you’re offering. Perhaps this is why many of us are reluctant to sales positions. However, a side hustle in sales can turn out to be a very lucrative option. Especially in the form of network marketing, commonly known as multi-level marketing (MLM).

 

3 ways an MLM side-hustle could be your best option
  1. Teaches you how to sell
  2. Helps you gain leadership skills
  3. Develops your money management skills
iMarkets Live is one of the hottest network marketing companies around at the moment because unlike other companies the product is actually you. You are learning a skill that will pay you for the rest of your life. So not only can you earn commission on the networking side you also get taught a valuable skill that you can make an income from your smartphone and laptop from anywhere in the world.

 

Get access to 100+ page eBook Private Access to a Worldwide Community, 7 & 8 Figure traders, Weekly Market Breakdowns, Daily Live Video breakdowns via the TV channel, Live Monthly Webinars and the fastest growing team.

 

 

Skill-based Freelancing
 
Thanks to the booming gig economy, more people than ever are turning hourly projects into full-time incomes.
Take your existing skills/talents/experience and sell it as a service.
  • Get some voice work. Did you know that you could get paid to read voice-over scripts for videos, advertisements, and audiobooks from home? Register on sites like Fiverr or Upwork to get started and the ball rolling with your side hustle. 
  • Start a Podcast. Podcasts are catching on like wildfire. Actually, that’s not true. They’ve already caught and the spark has turned into a bit of an inferno. Who says long-form content is dead?
  • License your pics. If you have an eye for photography, you can also take your best shots and try selling them to stock photo sites like Shutterstock and iStockPhoto.
  • Start a podcast. It can take time to acquire a following (and opportunities for sponsorship). But if you love to talk, try a free hosting plan on a site like BuzzSproutSoundCloudPodomatic, or Speaker.
  • Get crafty. Are you artistic? Sites like Etsy and Zazzle offer an online marketplace to sell what you make.
  • Design a tee. Artists, graphic designers, comedians, and philosophers can take their skills to the apparel bank by designing T-shirts through sites like Cotton BureauThreadlessTeespringCafePressPrintify, and Zazzle. They’ll print and ship your designs and pay you the royalties.
  • Tutor. You probably remember more from high school than you think. Eduboard is an online-tutoring site that hires tutors with expertise in everything from calculus to literature. Or you can teach English on VIPKid.
  • Freelance in special services. You can do so many jobs using skills you already have, working remotely — from research to HR to graphic design and writing. Look for side gigs on sites like FlexJobsUpwork, and Fiverr.
  • Become a virtual assistant. Maybe you have a knack for making other people’s lives easier. You could put those skills to use, part-time, through sites like BelayFancy Hands, and Upwork to boost your bank account.
Specialist Coach
Coaching is estimated to be $2 billion industry rapidly growing around the world. What started out as the dirty little secret behind high-powered executives, Olympic athletes, and other top performers has morphed into a badge of honor for the upper-middle class.
Fitness coaches, nutrition coaches, business coaches, dating coaches…with the lack of enforcement of proper training credentials, it seems like anybody can become coach these days.
 
Drop Shipping
Drop shipping is an eCommerce model where you buy products from a supplier who then ships the items directly to your customer. This is ideal because it mitigates the age-old problem of sinking $5,000 in your first batch of inventory that may end up collecting dust in your garage (while you eat the cost). Instead, you list your supplier’s inventory on your site and when an order rolls in they handle all of the shipping and logistics while you collect the profits.
 
The best part? You don’t need any coding, shopping or eCommerce experience to get started!
 
Shopify is a premium drop shipping website which links you to thousands of products and suppliers. 

 

Become an Influencer on Social  Media 
If you want to build a social media brand, Instagram is the place to be. The platform has 500 million monthly active users but the real kicker is that the average post engagement is 57x higher than on Facebook and 120x higher than on Twitter!
We’ve all dreamed about having a massive social media following and it’s actually much easier to achieve that you think. There are plenty of automated tools to help you grow, all you need to do is post consistently (that’s how I built my Instagram account to >10,000 users in 3 months!). Once your following is large enough you can begin to charge for shout outs, product promotions, etc. and drive traffic to a blog or email list.
Influencer marketplaces like Shoutcart, FohrGrapevine, and IndaHash can to help them find you.

 

Online Courses
Last year the online learning industry hit $107 billion dollars. That’s billion with a B. Tons of 9-5ers are realizing they have unique skills sets that other people want to learn. Getting started is simple too, all you need is a copy of Powerpoint, a pair of headphones with a mic and some screen recording software. Then you can either drop your course on Udemy or you can build your own site and save the royalty fees! Consider working with a platform like TeachableUdemy, and Skillshare to develop a course.

 

Build a website with Hostinger Web hosting 

 

Affiliate Marketing
Let’s say that your friend has a product. They want to sell a million units on their website but there’s one little problem…They have ZERO ideas about how to market online. Being the digital marketing guru that you are, you offer to help drive traffic to your friend’s product on the condition that he pays you 2% of each sale that you influence. That is affiliate marketing.
Top 5 Affiliate Programs
You-tuber
There seems to be a consensus that starting a YouTube channel is no longer ‘worth it’ due to the fact that all of the millionaires have already been born out of the platform. Yes, it’s true that you have a better chance of making “fetch” happen than becoming an overnight YouTube sensation, but that doesn’t mean you can’t have your cake and eat it too. The success of YouTube influencers of the past have made marketers shift how they can potentially reach their audience, so it’s actually a very relevant dream to have for your own channel. The video platform has weaved itself into the marketing fold of many businesses or really anyone looking to share their voice with the world.

Once you dive into the world of online marketing your world really is limitless. My personal favorites on this list have to be Forex Trading, Network Marketing, and YouTube and those are the ones I am focusing on. I am fortunate enough to be able to generate an income from them which I know will grow exponentially the more I learn to perfect my graft.

If you want to connect with me on any of those platforms you can email me on [email protected] or hit me up on social media

TSFXTRADER

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