Embracing side hustles in 2024: Insights and opportunities

As we enter 2024, many of us are looking for ways to enhance our income without overwhelming our schedules.

Today, I’m diving into a Business Insider (BI) article about “5 low-lift side hustles to start in 2024” that require just a few hours a week. This piece highlights how various entrepreneurs have successfully managed side hustles alongside their primary responsibilities, offering valuable insights and inspiration for anyone looking to explore additional income streams.

Let’s explore these opportunities and see how PRINCESSA Academy‘s Royal Launch School and People’s Inc. 360 martech tools can aid in achieving success in these ventures.

The benefits of side hustles

Side hustles are more than just extra income; they represent freedom, creativity, and personal growth. They allow individuals to explore their passions, develop new skills, and achieve financial independence. Whether you’re a stay-at-home parent or a full-time professional, side hustles can offer a flexible and rewarding way to enhance your lifestyle and financial security.

Key measures for success

  1. Efficiency and time management: Many entrepreneurs have mastered the art of maximising output while minimising time investment.
  2. Leveraging digital platforms: Platforms like Etsy, Amazon, and Airbnb provide accessible and scalable opportunities.
  3. Adaptability and learning: Embracing new skills and adapting to market needs are crucial for side hustle success.

The right mindset

Success in side hustles requires a growth mindset, resilience, and a willingness to experiment and learn. It’s about balancing passion and practicality, ensuring that your side hustle aligns with your interests and lifestyle. With the right mindset, strategies, and tools, you can turn these low-lift side hustles into profitable ventures that fit seamlessly into your life.

Embracing opportunities in 2024

As we step into 2024, the landscape of side hustles continues to evolve, offering new and exciting opportunities. Whether it’s selling digital products on Etsy, dropshipping on Amazon, or co-hosting on Airbnb, a world of possibilities is waiting to be explored.

1. Etsy digital products

Desiree Sandison, a stay-at-home mom, found success selling digital templates on Etsy. “I realised I was having to sell my time. That wasn’t the right fit for me with a baby at home,” Sandison said. She created bundles of templates for businesses, allowing her to earn significant income with minimal time investment.

Desiree started another Etsy shop selling digital products in September 2022 and made $34,400 from both stores from January to November last year. She told BI she worked about one hour a month.

“It was important that I found a way to contribute to our household but still be at home with my kids,” she said. “My income has meant we can do more fun things and save up.”

2. Etsy print-on-demand

Heather Johnson leveraged print-on-demand services to sell custom-designed sweaters on Etsy. “I started getting days where I’d receive up to 30 orders. I realised that was more than I was making in a day from my job,” she said to BI. She created a more passive income stream by replicating designs across various themes.

In the second year of her shop in 2022, she only spent five to 20 hours a week on it. She made less money than in her first year – $181,000 in revenue – but the income is now more passive.

3. Selling products on Amazon

Ben Alistor told BI he was laid off during the COVID-19 pandemic, and he began spending 50 hours a week on his dropshipping business on Amazon FBA, which became a lucrative venture with strategic pricing and minimal time commitment – reduced to 10 hours a week.

“Amazon sellers don’t always see results right away, but if you put the hours in, it can become a relatively passive source of income. If I can do it, anyone can,” Ben said.

4. Co-hosting on Airbnb

Seth Sutherland started co-hosting Airbnb units, managing short-term rentals for a percentage of the owner’s revenue. He told BI he spends three hours weekly as a cohost, making up to $1,500 monthly. “We’re making way more cohosting than we did as hosts ourselves,” Seth said. “The investor loves it because he can step back and focus on other parts of his business.”

5. Writing Amazon product descriptions

Gaurav Shrishrimal capitalised on his writing skills by creating product descriptions for Amazon sellers on Fiverr, earning a substantial amount with limited weekly hours. He started at $5, then $15, and told BI he “felt I had to be continuously working in order to make money.” After that, he increased his prices to $35 and $75 and limited himself to only taking on two jobs a day. He spends only two hours a week writing Amazon product descriptions on Fiverr and made $19,000 on the platform in 2022.

6. Create a course

Launching an online course has become a lucrative side hustle, thanks to platforms like Udemy, Thinkific, and LearnWorlds. For example, Alice, a graphic designer, leveraged her expertise to create a comprehensive course on digital design. She could publish her course online by pre-recording lessons and curating engaging course materials, attracting students globally. Once set up, her course required minimal ongoing effort, yet it consistently generated income as more students enrolled, intrigued by her unique insights and teaching style. Alice’s course became a significant source of passive income in just a few months, earning her thousands of dollars with only a few hours of maintenance each month.

7. Start blogging

Blogging can be more than a creative outlet; it’s a viable source of passive income. Take the case of Emily, a passionate gardener who started a blog about urban gardening. By mastering SEO strategies, she ensured her blog consistently attracted high traffic. Emily monetised her blog through Amazon affiliate marketing, seamlessly integrating product recommendations into her content. Additionally, she set up a Google Ads account, earning revenue from targeted ad placements. Her blog established her as a thought leader in urban gardening and generated a steady income stream. With each click and purchase made through her affiliate links, Emily earned a commission, turning her passion for gardening into a profitable venture.

8. TikTok Shop

TikTok Shop has emerged as a dynamic platform for entrepreneurs and creators. Sarah, a fashion enthusiast, Sarah tapped into this trend by showcasing and selling trendy apparel through her TikTok Shop. She attracted a significant following by creating engaging content and leveraging TikTok’s vast user base. Her TikTok Shop became a primary source of income, requiring only a few hours of content creation and product curation each week.

9. Affiliate marketing

Affiliate marketing offers a lucrative opportunity to earn passive income. Charlotte, for example, successfully leveraged affiliate programs from People’s Inc. 360, PRINCESSA Academy, and PRINCESSA by SW. She made commissions on every sale through her referrals by creating content and sharing affiliate links on her blog and social media channels. This strategy required minimal time investment but provided a steady income stream.

10. Agency white label reseller

The agency white label reseller programme from People’s Inc. 360 offers a comprehensive business solution. Jane took advantage of this opportunity, setting up her digital agency with a full suite of services, including Unify web and mobile solutions, social media lead generation, influencer engagement, and media relations. People’s Inc. 360 managed the backend, allowing her to focus on client acquisition and service customisation. This venture required initial setup time but soon became a profitable, low-maintenance business.

How can PRINCESSA Academy and People’s Inc. help?

Remember that the right mindset, tools, and guidance can make all the difference for those inspired by these entrepreneurial stories and looking to embark on their own side hustle journey.

At PRINCESSA Academy‘s Royal Launch School, we equip entrepreneurs with the mindset, strategies, and tools to turn their passions into profitable ventures. Our focus on automation and efficient business models aligns perfectly with the principles of successful side hustles and the mindset needed to turn your passion into a profitable venture.

People’s Inc. 360 offers a suite of martech tools that can streamline your side hustle. From creating a website to managing social media, engaging influencers, and media distribution, our tools are designed to provide a comprehensive solution for digital marketing needs to make your entrepreneurial journey smoother and more efficient.

Join us at PRINCESSA Academy‘s Royal Launch School and leverage People’s Inc. 360‘s martech tools to turn your side hustle dreams into reality.

Stay tuned for more insights and tips on entrepreneurship and side hustles. Let’s make 2024 a year of growth, innovation, and success!

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