And it’s easy to see why. Side hustles are a great way to earn extra money, learn new skills, beef up your resume, or test-drive a new career before making a full-time commitment.
A side hustle is any work you take on outside of your full-time job. For example, if you’re employed as an engineer, but you offer high school math tutoring in your spare time, your tutoring gig is your side hustle.
More and more people are on the hunt for passive side hustle ideas—whether they need the income for bills, savings, or entertainment money.
In order to be successful, you’ll need to invest either time or money upfront. (No get-rich-quick schemes here!) If done well, you can enjoy some solid financial rewards.
Starting a side hustle is no longer a daunting endeavor, reserved for a select few. Thanks to the digital world, launching your passive income idea just got a whole lot more doable (with plenty of possibilities to choose from). With a little planning and investment, you can start making money.
17 of the best side hustles to jumpstart your passive income
Keep reading to get all the details on 17 different side hustle ideas and how they can help you earn a passive income.
1. Stock market investment
Not everyone is a big fan of the stock market, and there are a few risks involved—but it can be a lucrative side hustle.
The income is entirely passive and if you keep investing money in small increments over time, you can see a large amount of profit after a while.
Monitor the stock market before jumping in, and try to start small—with 30 or so stocks—to be on the safe side.
Currently, there are sites such as Udemy where people can buy your course material, and this will act as an incentive for you to keep this side hustle going. You can also take advantage of local sites that will help you do the same thing.
7. Making customized apps
Did you ever use an app and feel that it could be improved even further? Well, you’re not alone. Most apps come with certain drawbacks, so improvement is always possible.
You can embrace your creativity while you experiment with new recipes. Find inspiration online, perfect your specialty, and find your baking niche.
And the great thing is that you can save time by baking several food items at once.
14. Online Tutoring
Tutor a select few students in one or more subjects for a few hours each week. This is easier than being a full-time teacher with a lower time investment—plus, you’re only dealing with 4-5 single students at most.
It pays well, too, as tutors can give their students special attention and help with specific subjects. If you have expertise in a certain subject or education experience, this can bump up your rates.
Online tutoring has taken the world by storm, so you can now tutor students who live thousands of miles away and in different time zones!
Earn money by ghostwriting in your spare time.
Ghostwriting is writing for an individual or a company—but not getting credit for it. This writing could be on any topic or for any industry. A lot of people even ghostwrite novel stories.
This can have high earning potential because you’re giving up credit for your writing.
16. Live concert/performance
If you’re a skilled performer, this may be an obvious side hustle. You can do live concerts or performances to make a bit of extra cash.
Try standup comedy at your local restaurant or bar, start a band and tour with your college buddy, or dance in local talent shows. For those with natural ability, this can be a fun way to combine your passion and make extra money.
People will pay for good entertainment. As with most jobs on this list, the better you are at the job, the more money you’ll make.
An added bonus? Practice helps you build even stronger performing skills.
Here’s one of the most popular passive hustles: making videos on YouTube. This can also be full-time job, but it’s highly underrated as a side gig.
Your channel could be based on vlogging, motivational content, gaming, makeup, or any category you choose to make videos on (depending on your interests).
How much money you earn depends on how many viewers and subscribers you have. If your videos are interesting or funny, you’ll get more attention and vice versa.
Remember that the main objective of a side hustle is that you should genuinely enjoy it (with the added benefit of making some extra cash).
While side hustles can give you the chance to explore your interests and build skills, remember to take a breather once in a while. The goal is to create passive income streams but also gain practical experience.
Learn, earn, and build your resume along the way. Good luck!