In this article, we will look at the 10 high-paying side hustles to start for extra income in 2024. We have also discussed changing financial preferences of Americans in 2024 in another article. If you are interested in reading about that along with a more extensive list, head straight to the 30 High-Paying Side Hustles to Start For Extra Income in 2024.
10. Life Coach
A life coach is a trained professional who helps individuals clarify their goals, overcome obstacles, and create actionable plans for personal or professional growth. It is one of the side hustle one can do from home.
However, it is worth noting that Google is reportedly developing chatbots to provide life coaching. Despite warnings not to rely on its existing Bard chatbot for professional advice, Google’s venturing into personal guidance. Workers analyze responses from Google’s coachbot, which has faced criticism for potential inaccuracies.
9. Freelance Writing
Writing offers a flexible and intellectually stimulating outlet for self-expression, allowing individuals to share insights, stories, and expertise with a global audience. The average salary for a freelance writer is $35.50 per hour in the United States.
8. SEO Consulting
Becoming an SEO consultant is an excellent side hustle due to its high demand in digital marketing. With flexible hours and remote work options, it complements existing jobs. Additionally, the potential for passive income through recurring clients and referrals makes it a financially rewarding endeavor. The average salary for a SEO Consultant is $95,925 per year in United States.
7. Sports Instructor for Seniors
With the senior population growing, there’s a demand for instructors in sports like pickleball, tennis, golf, boxing, and surfing. Platforms like TeachMe.To connect instructors with learners of all ages. Offering lessons in these sports can be lucrative, with one pickleball instructor charging $141 per hour. Consider capitalizing on your experience in these sports to teach and adjust prices to accommodate TeachMe.To’s commission.
6. Provide a Fulfillment by Amazon (FBA) Service
With Amazon.com, Inc’s FBA service, sellers send their products to Amazon.com, Inc’s fulfillment centres. Amazon.com, Inc stores the products, picks, packs, and ships the orders to customers on behalf of the sellers. Moreover, Amazon.com, Inc handles customer service and returns. FBA sellers retain ownership of the inventory until it is sold. With this level of flexibility, and technically no limit to the amount of money you could stand to make through FBA, it is one of the best side hustles.
5. Dropshipping on Shopify Inc
Dropshipping is different from services like FBA because in dropshipping, the seller does not hold any inventory. Instead, when a customer places an order, the seller purchases the product from a third-party supplier (usually a wholesaler or manufacturer) and has it shipped directly to the customer. The seller never physically handles the product. Thus, one can start an online store without holding inventory. With platforms like Shopify Inc, dropshippers can earn between $1000 and $5000 per month on average with minimum hours.
4. Make Handmade Crafts or Art
In an era where authenticity and artisanal products are valued, handmade crafts carry a premium appeal. It offers opportunities for creative expression while generating additional revenue streams beyond traditional employment. This side hustle can be managed alongside other commitments, providing financial stability and fulfilment through the joy of crafting.
3. Web Development
While web development is often viewed as a full-time job, projects on platforms like Upwork Inc are often contract based or task-based, making it manageable alongside other commitments. With ample freelance opportunities, and the fact that a college degree is not required to start with web development, it is one of the best side hustles, especially with salary as high as $30 per hour.
2. Affiliate Marketing
Affiliate marketing is a performance-based strategy where affiliates promote products or services and earn commissions for every sale or lead generated. It’s an excellent side hustle from home because it requires low startup costs, no product creation, and flexibility. Amazon’s Affiliate Program is quite popular globally with individuals earning as high as $20,000 per year.
1. Monetize a Youtube Channel
In 2024, YouTube stars are modern-day self-made celebrities that captivate audiences with entertaining, educational, and engaging content. While initially driven by passion rather than profit, successful YouTubers can access various revenue streams. Strategies include joining the YouTube Partner Program for ad revenue, selling merchandise, crowdfunding projects, and receiving fan support. Additionally, licensing content, collaborating with brands, and affiliate marketing offer lucrative opportunities. To start monetizing, creators must meet eligibility criteria, such as 1,000 subscribers and 4,000 watch hours within a year. It is the best side hustles to start for extra income in 2024.
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