Many people would not associate being a millionaire with side hustles, but what if I say that side hustles can make you millions?
Side hustle in 2022 is not only a way to make a few thousand dollars additionally every month but something that can replace your day job and even lead you on your journey to riches.
It might sound weird to have a “side” hustle as the main source of income for many people, but especially in the post-Covid world, it is becoming more and more common.
People are not only making an earning on the internet but literally a fortune. And as more and more companies, individuals, and organizations opt for remote operations, the opportunity keeps growing faster than ever before.
If it’s still hard to believe that side hustles can make you a millionaire, then we have a live example who has proven that it is indeed possible.
Adrian Brambila is best known for generating one million dollars in a year strictly through online side hustles.
Today, he’ll be sharing with us not only his best side hustle ideas but also some ninja hacks on how to do them properly, so you make the most money without spending too much of your time.
5 Best Side Hustle Ideas
These are the 5 best side hustle ideas that are tried and tested by Adrian in the real world and will most certainly generate money if you put in the work. So let’s begin!
1. Affiliate Marketing
I know. It could be your hundredth time hearing about affiliate marketing, but there’s a reason why it is so talked about in the side hustle space.
Affiliate marketing is how Adrian makes most of his money ($750,000 out of a million). It is generally a side income for people, but for Adrain, it’s the main source of his revenue.
The business model of affiliate marketing is simple, and similar to what you’d find on the internet or hear from anybody else. You promote someone else’s products and earn a commission on every successful sale you make.
However, the secret to success lies in execution. How you promote those products is where the difference between a successful affiliate marketer and a not-so-successful marketer exists.
The best way to go about affiliate marketing, according to Adrian, is to collect a lead and nurture that lead to its fullest.
Adrian does it by building an email list of interested people, providing them valuable content via email to establish trust, and monetizing them by offering product recommendations from time to time.
It is an excellent model because if you capture a good lead today, as long as you’re providing them value and they have trust in you, they’ll still be buying your recommendations three years from now.
So the $1 you spent today capturing the lead could turn into hundreds and hundreds of dollars down the line.
The thing you need to be careful about while doing this is you don’t want to spam people’s emails, and you don’t wanna trick them into buying useless stuff.
Because the last thing you want in this business is to lose the trust of your audience, so they never buy from you again.
Also Read: Best Debt Management Ideas Ft. Suze Orman
The second in the list of our best side hustle ideas is especially for people who’re not so entrepreneurial or who would not like to learn how to run ads, how to write email sequences, how to promote products, and all those things just for a side hustle. They want to make money with the skills they currently have.
For such people, there are these giant marketplaces where you can sell your skills in the form of gigs. Adrian likes to point most beginners to a website called Fiverr.
Now, a lot of people have a negative connotation with freelance marketplaces thinking they’re only good if you’re ready to post a $5 gig for the work that takes you hours to complete. But that’s not entirely true.
Yes, there are indeed a lot of $5 gigs out there. However, there are also businesses that go on Fiverr for a quick project for which they need quality work.
And they’re well aware of the fact that they won’t get quality work in $5. So they intentionally opt for high or medium-priced freelancers.
While most of the market is still low ticket low quality, there’s a growing niche of high ticket buyers, and these are the people you want to target for your service.
The biggest advantage of using sites like Fiverr is not to get a nice project that’ll pay you a couple hundred dollars. It is to start a relationship with a great buyer who you can later upsell and make far more money off Fiverr.
Remember, if you don’t have a way to upsell your existing customers, then you’re leaving money on the table.
3. Udemy and Skillshare
Another side hustle idea, if you don’t want to learn any new skills but wanna make money from your existing skills, is to teach on platforms like Udemy and Skillshare.
I’m not talking about the high-ticket masterclasses where you create hours of content and teach some really complicated stuff. Though, that’s a good business model too, if you’re ready to put in the money and work.
But here, we’re talking about things that are literally 20-30 minutes long that you can place on these small-ticket course marketplaces and make money by selling them in large quantities.
The best part about teaching on these platforms is you don’t need to be super skilled or super intelligent to create a course.
Because when it comes to platforms like Udemy, it is not the most complicated stuff that sells, like how to build a space rocket, but the most basic level stuff, like how to prepare for a job interview and what is business casual.
Basically, content created for the masses is what does the most revenue. So if you can find a pain point that applies to the masses and create a short course around it, then that 30-minute course can easily take you to six figures.
4. Online Service-Based Business
There has been a tsunami of online service businesses in the last couple of years. The demand for online services like digital marketing, bookkeeping, virtual assistance has skyrocketed, and it will only grow from here.
If you want to ride this trend, then the best side hustle for you to start right now would be an online service-based business.
Starting an online business might sound harder than creating a 30-minute course or building a $50 Fiverr gig, but there are easier ways to get off the ground.
One way that Adrian recommends is starting with a freelance marketplace like Upwork. Not to earn money there, but with the intention of forming relationships and winning the first few clients.
The best part about starting a service business is that you don’t even need to know the skill you’re selling. You can play the role of a salesperson, land a client, and then hire someone else to deliver the actual work.
However, in an ideal scenario, you should still know enough about the work you’re offering that you can distinguish between what’s done well and what’s not. Otherwise, you won’t be able to pick the best freelancers, and the quality of your work will suffer.
5. Paid Newsletter
A paid newsletter is something that is still far from the saturation levels that the likes of affiliate marketing have reached, which makes it one of the best side hustle ideas to explore right now.
What you’re basically doing here is you’re selling super catered, well-crafted emails, ideally sent every week, and charging a minimal amount for it, like $1-$3 a month.
It might sound like peanuts, but that’s only until you do the math. You don’t make money from a single person while selling your newsletter but from your whole email list.
Once you start having people in thousands on your list, charging even $2 per month will result in a handsome amount of recurring revenue per month.
The best part about having a newsletter is you only need to write at most four to eight newsletters every month and collect the recurring revenue.
According to Adrian, the best kind of side hustle is the one where you can maximize the revenue from one person.
Paid newsletters satisfy this criterion very well because you can make money from the same person on a regular basis.
So if you’re good at copywriting or good at storytelling, then that is all you need to thrive in this business. And even if you’re not, you can always hire someone to ghostwrite.