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Looking for the best side hustles of 2020? This is your year.
You’re finally going to take your finances into your own hands, make money, saving money and set your path to financial freedom.
Making money through side hustles is a great way to boost your income. You can buffer your savings account, grow your retirement nest egg, save for a large purchase, your child’s education, etc.
It’s just a good thing to have, more money equals more financial power.
There are a ton of side hustles out there.
This list will show you the very best side hustles of 2020. Dive in!
The 8 Best Side Hustles of 2020
1. Website Flipping
People are starting to realize the value in websites. It’s like real estate. With real estate flipping, you might buy a foreclosed home, fix it up, then sell at a profit. People make their living doing this! And, you can do the same with websites.
I’ve been doing flipping of websites for 6 years and have made six figures doing it on the side.
You can do it full-time too! I see sellers making $140,000+ every year flipping sites.
It’s relatively easy to do and you don’t need tech skills or experience to break into this industry. You start by buying or building your website.
Then, you grow the site. Growth happens with more traffic and more traffic comes from producing engaging content your audience will love and promoting it online. Lastly, once your site has grown in value, sell it, flipping it for a profit!
That’s how it works.
If you’re interested in learning more, check out this resource where I’ve helped 700+ students learn website flipping!
2. Taking Surveys
This is an oldie but a goodie! This makes the list because it’s SO EASY!
You need absolutely no skills. You only need internet access, through your smartphone, computer, etc. You sign up for survey sites for free. Then, take surveys, being 100% honest and then get paid.
Because it’s so easy you aren’t going to get paid a lot of money per survey. But, why would you, anyway? You’re just filling out questionnaires.
You can earn a few bucks to $20/survey. Sometimes more, sometimes less.
The most I’ve made has been $400 for a single survey. It was actually a panel and was more involved. It took about 90 minutes and required a web interview but totally worth it!
Here are some of my favorite survey companies that pay the highest amount:
3. Drive for Uber
This is a super easy way to make money driving.
You sign up for Uber, get set up, pass their background checks and start work.
You work from an app. Start working when you want to, which means you can drive whatever shift you want. And get paid weekly to drive your car.
You’ll be taxiing people around in your car.
Learn more about becoming an Uber driver here.
4. Start a Dropshipping Store ( I did this!)
Starting a dropshipping store can earn you cash from day 1!
First, starting an online store period is pretty simple. Especially if you do it with Shopify.
First, figure out what you’ll sell. Next, sign up with Shopify and source your products. Figure out where you’ll get your supply. Then, add products to your store, add pricing and launch.
Dropshipping means that your supplier will ship the goods to your customer instead of you.
This saves you A TON of money because you won’t have to carry inventory. Carrying inventory requires a lot of capital because you have to buy wholesale supply and then you have to store it.
Dropshipping eliminates both of these things, making it affordable to do with a low barrier to entry.
All you need is $29 to start, which is one month of Shopify service. It’s a monthly plan and they have it all.
When I operated my $30K per month store I was on Shopify.
New store owners are making $7K to $10K their first month. Take a look at Shopify’s 14-day free trial to get started.
5. Become a YouTube Influencer (Doing this now, earning a side hustle of $1,000 to $1,500 per month)
YouTube is exploding! You can make a full-time income teaching people through videos on the platform.
- Give music lessons
- Teach a language
- Educate people on your industry
- Show off your cooking or baking skills
- Record your life through vlogging
There are so many ways you can take this. I actually have like 5 or 6 YouTube channels. I have a channel for blogging, one for dropshipping, one for food ASMR, and on and on.
I really love it and once you start monetizing your videos you can make money passively, though you’ll want to keep producing new videos to keep your income increasing.
6. Teach Udemy Courses (passive income)
You can teach others online through video course and sell them in the Udemy marketplace. I’ve been getting checks from Udemy for years. It’s so easy.
You can create multiple courses and really up your income game. It’s free to join as an instructor, as Udemy keeps a portion of your earnings as their payment.
Join Udemy to learn more.
7. Become a Virtual Assistant
You’ll be assisting people virtually. Your tasks may include:
- Email management
- Coordinating events
- Posting to social media
- Scheduling appointments and meetings
You can be a VA for professionals, companies, or regular people that are busy. Find jobs for VA in job banks like Indeed or social media like LinkedIn and other places.
You can even make up to $10,000/month like this VA!
8. Start Your Own Digital Agency
This can be a content agency where you help companies get copy written. Or, it can be a marketing agency where you connect brands to marketers. You don’t actually have to do the work here, like the content work for a content agency or the marketing for the marketing agency. You hire others (contractors) to do it for you.
This is dropservicing.
You create a service-based business and outsource the work!
I saw a YouTube video on this recently and the owner was up to $30K per month in her second month doing this. Smart stuff, right?
I used to do this years ago on Fiverr. I’d offer SEO services (had little knowledge of SEO back then) and when I’d get a job booked, I’d outsource it for about 20% of the cost, keeping the difference 80% as my profit.
Check out this story of this guy who took advantage of an opportunity to make $1,000 in 5 hours doing no work, through arbitrage.
Check out this resource that teaches you how to start your own digital agency!
Side Hustles To Check Out
- Get paid to sext
- Make money with your car as a car billboard
- How to make money with YouTube Theme Pages
There you go! 8 best side hustles for 2020. Which one are you gonna try?
For more on money-making and money-saving hacks, check out these posts:
- 17+ Online Weekend Jobs for Extra Money
- How to Start a Blog and Make Money
- 5 Things This Millennial Did to Pay Off Her Car Loan in 6 Months
- 10 Easiest Things to Flip