1. Selling products
No skill necessary, easiest to get started. However, you are limited by the inventory you can find, whether they be collectibles, tickets, garage sales, liquidations, or unused items from your personal belongings. Success comes down to your ability to hunt for low prices and scalp a profit on resale.
Facebook Marketplace / Craigslist
Find something for $50, sell it for $100.
ex. Trading Cards, Sneakers, selling used items from the free section, liquidation sales
eCommerce / Dropshipping
Making or sourcing your own product.
ex. Plexiglass
💵 $1 - $1,000
Monthly Profit Generated (My Own Experience)
How much skill required?
Easy to make $10,000?
How much time?
2. Tutoring a skill
If you already have a skill, then it’s easier to get started. However, you must be both good at the skill and good at teaching the skill. Harder to scale up because how much you make is limited by how much time you have. If you don’t work, you don’t make money. You can grow by hiring other tutors, or teaching a class of multiple students
💵 $1,000 - $5,000
Monthly Profit Generated (My Own Experience)
How much skill?
Easy to make $10,000?
How much time?
3. Shooting video content
Requires a larger percentage of your time, but makes you harder to replace because of local advantage. Camera gear and your storytelling ability with a camera and editing skills can build a competitive advantage that is hard for others to copy and replace your business.
💵 $5,000 - $10,000
Monthly Profit Generated (My Own Experience)
How much skill?
Easy to make $10,000?
How much time?
4. Building websites
You are responsible for more risk if the client has an existing website and you wish to upgrade to a new website. Best to consult a professional if you are new, but fortunately it is easy to farm out work to contractors if needed, so all you really need to do is communicate the client’s desires. Only requires you to sit in front of a computer.
💵 $10,000- $20,000
Monthly Profit Generated (My Own Experience)
How much skill required?
Easy to make $10,000?
How much time?
5. Running paid social media ads
Difficult to learn without spending your own money or your client’s money on ads to see what works. Must be able to create organic viral content before running paid advertising dollars to add fuel to the fire. Requires a deep understanding of marketing, copywriting, sales funnels, and psychology. Once you’ve found a winning ad that brings in a high return on ad spend, you can usually chill.
💵 $20,000- $30,000
Monthly Profit Generated (My Own Experience)
How much skill required?
Easy to make $10,000?
How much time?
6. Selling B2B services to business owners
For those that just want to turn what they say into money. If you hate doing the dirty work, and just want to help clients choose the right solution for their problem, look no further than the holy grail of sales. This is an invaluable skill that all the side hustles require. Focusing on selling an amazing offer that works, and taking a commission can give you unlimited earning potential without any of the logistical or operational pain of running a business.
💵 $30,000- $100,000
Monthly Profit Generated (My Own Experience)
How much skill required?
How easy to make $10,000?
How much time?
7. Trading stocks and cryptocurrencies
By far the best way to multiply money you already have in the least amount of time. However, consider the risk to reward ratio. If risk is not managed correctly, you could lose all your money. If done right, you could become filthy rich with generational wealth.
💵 $100,000- $500,000
Monthly Profit Generated (My Own Experience)
