5 Side Hustles That Make $500-$1000 A Month

Are you looking to make some extra money to cover your expenses? Well, look no further.

I have saved you valuable time that you would have otherwise spent searching the internet for ways to make money online.

I have prepared a list of 5 side hustle ideas that make you $500–$1000 a month. And the fantastic part is that all these ideas are beginner-friendly.

A side hustle is a part-time work you do alongside your regular job. It allows you to work from anywhere and anytime.

Without further ado, let’s dive into the article.

Reasons For Having A Side Hustle

Today’s digitalized world has created many opportunities for people to make some extra money through side hustles. A study by Lending Tree found 44% of people already have a side hustle, an increase of 13% compared with 2020.

Everyone wants to make some extra cash, right? A side hustle is a great way to make that extra money that can pay off your debts, save money, and what else. It adds to your financial security.

Side hustles present a great opportunity to follow your passion. You can always start a side hustle that you are passionate about and do something that makes you happy.

Also, a side hustle is a business where you are your boss. There are neither fixed schedules nor rigid rules to follow. You get to choose when to work, where to work, or whom you want to work with.

How To Start A Side Hustle Before 2024

With the convenience of technology, starting an online business has never been easier.

Here are 5 basic steps for you to start your side hustle and start making money before 2024:

Determine Your Skills And Interests

Give it some thought as to what you are good at and enjoy doing and how you can generate income from it. This will assist you in selecting the ideal side business that suits your interests.

Market Research

The next step is to research the market. It’s essential to know who your potential clients are, what they are looking for, and how you can offer something unique that stands out from the crowd.

Establish An Online Presence

Create a credible website or blog to build your online presence. Showcase your abilities, portfolio, and accomplishments with this platform. It will aid in attracting potential customers.

Marketing And Promotion

Next, you need to start marketing your service using social media platforms like Instagram, Facebook, or LinkedIn. You can start creating content that speaks directly to your target audience and build a connection.

Price Your Services

To determine the appropriate pricing for your offerings, research market rates and competitors. Striking a balance between being competitive and making sure you get paid fairly for your time and talent is crucial.

5 Side Hustles To Make $500-$1000 A Month

Ideally, your side hustle should align with your interests, but you can also go with opportunities that are in high demand and pay well.

Having said that, I have prepared a list for you of the top 5 side hustles that are beginner-friendly and where you can easily make $500–$1000 a month. So, here you go:

Social Media Management

A social media manager is responsible for establishing the online presence of a company, increasing brand awareness, and driving business using various social media handles like Instagram, YouTube, Facebook, and LinkedIn. Their responsibilities include:

• Crafting compelling content, posting it, and driving engagement.
• Developing and implementing a social media strategy.
• Promoting the company’s products or services across different social media handles.
• Stay updated with the latest industry trends.
• Marketing campaigns to increase brand awareness and reach.

Average income: As a freelance social media manager, you can charge $500 a month as a beginner. You can level up to $1000/month as you gain experience.

Copywriting

Every business needs a brand voice to reach out to its target audience. This voice is created by the copywriters.

As the name suggests, a copywriter is someone who writes copy for ads, websites, and other marketing stuff. They create written content that aligns with their goals and resonates with their audience. Their day-to-day tasks are:

• Conduct thorough research about the product, market, and competitors.
• Craft persuasive content that promotes the product or service and motivates the target audience to take action.
• Edit and proofread the content to ensure that their copy is accurate, grammatically correct, and easy to read.

Average income: Copywriting is one of the high-demand skills across the world. The average freelance copywriter’s hourly rate is $60–$70.

Virtual Assistance

A virtual Assistant is a person who carries out administrative tasks for a client by working remotely. With the rise of remote work, virtual assistants have become an essential element of business success.

The skills and services that virtual assistants provide to their clients range from:

• Easy data entry to advanced marketing techniques.
• Organizing meetings, responding to emails, and making travel arrangements are some of the tasks that a virtual assistant may take on.

As a freelance virtual assistant, you get to decide your hourly rate and can work with more than one client at a time.

Average income: As a virtual assistant, you can expect to make $25 per hour.

Affiliate Marketing

Affiliate marketing is the most popular business model these days.

Affiliate marketing is a business where you promote other company’s products and earn a commission every time someone makes a sale. It is a great way to earn a passive income.

Well, you can start affiliate marketing in 4 simple steps:

• First, you need to decide on a niche. A niche is a specific area of interest. You can either choose a niche as per your interests or do a little market research to identify profitable niches. It could be Fashion, Health, Education etc.
• Join the Affiliate Network. An affiliate network is like an intermediary between the merchant and the affiliate. Some popular networks are Amazon Associates, ClickBank, and ShareAsale.
• The next step for you is to find a product and get your affiliate link.
• The final step is to create high-quality content for promotion purposes and attach your affiliate link. Use different social media handles for marketing. Every time someone makes a purchase using your link, you will get a commission.

Average income: If we talk about average income, through affiliate marketing, you can earn up to $1000 a month.

Content Writing

If you have a command of basic English and possess good research skills, then this might be the best side hustle for you.

Every online business needs a content writer who creates written content about the company and its products. The content writer is responsible for:

• Conduct in-depth research about the company’s products and competitors.
• Develop an understanding of the target audience.
• Create engaging written content that informs the audience about the company’s product or service.
• Increasing traffic to the business website by performing keyword research and utilizing SEO best practices.

Average income: The average content writer’s hourly rate ranges from $20-$40.And, as a beginner, you can make $16 per hour.

Final Words

Having a side hustle can yield endless benefits. It will help you achieve the financial freedom you’ve been dreaming of as well as allow you to work on your passion. It will supplement your primary source of income.

Good luck with your future endeavours!