Which side hustle gives the quickest return on investment?
There are a few different side hustles you can pursue to make some extra cash, but which one gives you the quickest return on your investment? Here’s a look at three of the most popular side hustles and how quickly you can start making money with them.
Starting an ecommerce store
If you’re interested in selling products online, starting an ecommerce store is another great way to make money on the side. You’ll need to invest in some inventory upfront, but once your store is up and running, you can start generating sales fairly quickly. And, if you choose the right products, you can even make a full-time income from your ecommerce business.
You could start selling on Facebook Market Place, Etsy, Ebay or Oberlo to avoid start up cost.
Starting a blog
If you’re passionate about writing and have something to say, starting a blog is a great way to make some extra cash. It takes time and effort to build up an audience, but once you do, you can start monetizing your site with advertising, affiliate marketing, or even selling your own products and services. While it takes time to see any real income from blogging, it can be a very lucrative side hustle in the long run. Make sure to start a self hosted blog to maximize your profits.
Becoming a freelance writer
If you don’t want to commit to starting your own blog, you can still make money writing online as a freelance writer. There are many different sites and publications that accept submissions from writers, and you can often get paid per article or project. While the pay rate for freelance writing can vary greatly, it’s possible to make a decent income if you’re able to land high-paying clients.
You could explore platforms like Upwork, blogging pro, and writers work to find writing gigs.
Sweet South and Sweep South Connect Freelancer
South African mobile software company, South African Sweets, has developed two applications: Sweet South and Sweep South Connect. Sweep South allows you to market your services as a housekeeper. You may be booked by individuals or businesses and hired to perform cleaning for them on a demand basis. Some of them might contract you every week, while others only need once-off contracts.
If you’re an electrician, handyman, or tiler, Sweep South Connect is perfect for you. It allows you to advertise your services and be contracted by the public or a company on an as-needed basis. These two apps are ideal if you want some control over your schedule.
Conclusion
So, which side hustle gives you the quickest return on investment? It really depends on what you’re looking for and how much time and money you’re willing to invest. If you’re patient and willing to put in the work, starting a blog or an ecommerce store can be very lucrative in the long run. However, if you’re just looking for a way to make some quick cash, becoming a freelance writer or a sweep south freelancer may be the best option for you.
Whichever side hustle you choose, just remember that it takes time and effort to make money with any of them. So, don’t get discouraged if you don’t see results immediately. Just keep at it and eventually you’ll start seeing the income rolling in.
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