5 Best Side Hustles to Boost Your Income in 2024

Hi Superhumanitarians, many of the tribe members love to invest and buy assets, at the same time, we also want to explore ways to make more money so we can have more resources to Build Wealth and Give Wealth! Today, we’re going to explore some of the best side hustles that you can start in 2024 to earn extra cash, learn new skills, and have fun.

Side hustles are a great way to supplement your income, pay off debt, save for a big purchase, or simply enjoy more financial freedom. Whether you want to work from home, online, or in your local area, there is a side hustle that suits your interests, schedule, and goals.

Here are 5 of the best side hustles that you can start in 2024, along with some tips and resources to help you succeed.

1. Start a dropshipping business

If you have always dreamed of owning your own online store, but don’t want to deal with the hassle of inventory, shipping, and customer service, then dropshipping might be the perfect side hustle for you. Dropshipping is a business model where you sell products online without holding any stock. You simply partner with a supplier who handles the fulfillment for you. You only pay for the products when you make a sale, so you don’t have to worry about upfront costs or storage space.

The best part is that you can sell anything you want, from fashion to electronics, from beauty to pet supplies. You can also choose your own niche, target market, and branding. You can use platforms like Shopify or WooCommerce to create your own online store, and use apps like Oberlo or Spocket to find and import products from thousands of suppliers.

According to Statista, the global e-commerce market is expected to reach $6.5 trillion by 2024, so there is plenty of opportunity to make money with dropshipping. However, you also need to be aware of the challenges and competition in this industry. You need to do your market research, find a profitable niche, source high-quality products, set competitive prices, and market your store effectively.

2. Freelance in web development

If you have a knack for coding and designing websites, you can turn your skills into a lucrative side hustle by freelancing in web development. Web development is the process of creating, maintaining, and improving websites and web applications. It involves both front-end and back-end development, using languages and frameworks such as HTML, CSS, JavaScript, PHP, Ruby, Python, WordPress, and more.

Web development is one of the most in-demand and well-paid skills in the digital age, as every business needs an online presence to reach and engage their customers. You can find freelance web development projects on platforms like [Upwork], [Fiverr], or [Freelancer], or you can pitch your services directly to clients. You can also create your own portfolio website to showcase your work and attract more leads.

The amount of money you can make as a freelance web developer depends on your skills, experience, and reputation. According to [ZipRecruiter], the average hourly rate for a freelance web developer in Singapore is $38.77, while in Malaysia it is $24.75. Of course, this may vary depending on the project, the client, and the scope of work. But even if you make a fraction of that, it’s still a nice way to earn some extra cash in your spare time.

3. Tutor online

If you have a passion for teaching and sharing your knowledge, you can make money by tutoring online. Online tutoring gives you an opportunity to interact with students from all over the world, and help them learn various subjects, languages, skills, or hobbies. You can also choose the topics that interest you and match your expertise.

The best part is that you can tutor online anytime, anywhere, and on any device. You don’t need any special qualifications, just your credentials, experience, and enthusiasm. You can also set your own rates and schedule, and work as much or as little as you want. You can use platforms like [Tutor.com], [Chegg], or [Preply] to find and connect with students, and get paid for your time and input.

According to [PayScale], the average hourly pay for an online tutor in Singapore is $25.97, while in Malaysia it is $15.43. Of course, this may vary depending on the platform, the subject, and the level of the student. But even if you make a fraction of that, it’s still a nice way to earn some extra cash in your spare time.

4. Sell handmade crafts on Etsy

If you have a talent for making beautiful and unique things, you can make money by selling your handmade crafts on Etsy. Etsy is an online marketplace that connects buyers and sellers of handmade, vintage, and creative goods. You can sell anything from jewelry to art, from clothing to home decor, from candles to soap, and more.

The best part is that you can express your creativity and passion, and reach a global audience of buyers who appreciate your work. You can also set your own prices and policies, and build your own brand and reputation. You can use platforms like [Etsy] or [Carousell] to create your own online shop, and use tools like [Printful] or [Printify] to print and ship your products on demand.

According to [Etsy], the average annual revenue for an Etsy seller in Singapore is $7,200, while in Malaysia it is $4,800. Of course, this may vary depending on the product, the demand, and the competition. But even if you make a fraction of that, it’s still a nice way to earn some extra cash in your spare time.

5. Start a blog

If you have a passion for writing and sharing your thoughts, opinions, or experiences, you can make money by starting a blog. A blog is a website that features regularly updated content, usually on a specific topic, niche, or theme. You can blog about anything you want, from travel to fitness, from food to fashion, from personal finance to personal development, and more.

The best part is that you can showcase your personality and voice, and build a loyal and engaged audience of readers who value your content. You can also monetize your blog in various ways, such as displaying ads, selling products or services, promoting affiliate offers, or accepting donations.

You can use platforms like [WordPress] or [Medium] to create and host your blog, and use tools like [Google Analytics] or [Mailchimp] to track and grow your traffic and subscribers.

According to [Glassdoor], the average annual income for a blogger in Singapore is $36,000, while in Malaysia it is $24,000. Of course, this may vary depending on the niche, the quality, and the monetization of your blog. But even if you make a fraction of that, it’s still a nice way to earn some extra cash in your spare time.

These are all real ways to create an additional income. Do test it out and lets continue to Build Wealth and Give Wealth!

Together, Next Level!

Sean