Best Side Hustles in 2024 to Boost Your Income
This guide outlines the best side hustles in 2024, detailing income potential for each and highlighting key skills and considerations for success.
FINANCE
Elevate
10/29/20244 min read
As more people seek additional income streams, side hustles are becoming increasingly popular. Whether you want to supplement your salary, pursue financial independence, or explore new opportunities, trending side hustles in 2024 offer various ways to earn extra money. Here's a look at some of the most promising side gigs this year and their potential earnings.
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1. Freelance Writing and Content Creation
With the growing demand for online content, freelance writing is one of the most accessible side hustles in 2024. Companies need blog posts, articles, product descriptions, and social media content to engage audiences, and they often hire freelance writers to create this material.
Potential Income: Freelance writers can earn between $0.05 to $1.00 per word, depending on experience and the complexity of the project. This can amount to $500 to $3,000+ per month, depending on workload.
Key Skills: Strong writing, editing, and research skills, as well as SEO knowledge.
Who It’s Best For: Those with excellent writing skills and a passion for creating compelling content.
READ MORE:
- Freelance writing jobs 2024
- Best content creation gigs
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2. Online Tutoring and Coaching
Online tutoring and coaching are growing as more people turn to remote learning. Whether it's academic tutoring, language teaching, or coaching in specific skills (like coding or music), online platforms connect instructors with students globally.
Potential Income: Tutors typically earn between $15 to $60 per hour, depending on the subject and their expertise. Coaches in specialized areas (fitness, career, business) can earn significantly more—often $75 to $200 per session.
Key Skills: Expertise in a specific subject or skill, and strong communication and teaching ability.
Who It’s Best For: Teachers, subject-matter experts, and individuals who enjoy helping others learn and grow.
READ MORE:
- Best online tutoring platforms 2024
- Remote coaching side hustles
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3. Virtual Assistant Services
Businesses and entrepreneurs often outsource administrative tasks to virtual assistants (VAs) to save time. VAs handle a variety of tasks such as email management, scheduling, bookkeeping, and customer service.
Potential Income: Virtual assistants can earn between $15 to $50 per hour, depending on their skills and the complexity of the tasks. Experienced VAs can build long-term client relationships and make $1,000 to $4,000 per month.
Key Skills: Organization, time management, and administrative experience.
Who It’s Best For: Highly organized individuals who enjoy multitasking and supporting others.
READ MORE:
- Best virtual assistant jobs 2024
- Work-from-home administrative gigs
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4. Dropshipping and eCommerce
Dropshipping remains a trending side hustle in 2024 due to its low startup cost. This business model allows you to sell products online without having to manage inventory or shipping. Instead, you partner with suppliers who ship the products directly to customers.
Potential Income: Depending on your niche, marketing efforts, and product pricing, dropshippers can earn $500 to $5,000 per month, with potential for higher earnings as the business grows.
Key Skills: eCommerce platform management (e.g., Shopify), marketing, and product research.
Who It’s Best For: Entrepreneurs who want to start an online store with minimal upfront investment.
READ MORE:
- Best dropshipping products 2024
- How to start an eCommerce business
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5. Social Media Management
As businesses prioritize digital presence, social media managers are in demand to help brands create and maintain engaging content across platforms like Instagram, Facebook, and TikTok. Social media managers schedule posts, track analytics, and engage with followers to build brand awareness.
Potential Income: Social media managers can earn between $20 and $75 per hour. On a monthly basis, this can translate to $1,000 to $5,000+ depending on the number of clients and workload.
Key Skills: Social media strategy, content creation, and data analytics.
Who It’s Best For: Creative individuals who enjoy social media trends and have a knack for digital marketing.
READ MORE:
- Social media management jobs 2024
- How to become a social media manager
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6. Print-on-Demand
Print-on-demand (POD) allows you to create custom designs for products like t-shirts, mugs, and phone cases, which are printed and shipped to customers only when they order. With the help of platforms like Printful and Redbubble, you can set up an online store without worrying about inventory.
Potential Income: Earnings vary widely based on design quality and marketing, but sellers typically earn $2 to $10 per product sold. Monthly income can range from $300 to $3,000+ depending on sales volume.
Key Skills: Graphic design, creativity, and eCommerce.
Who It’s Best For: Artists and designers who want to sell their work without upfront costs.
READ MORE:
- Best print-on-demand platforms 2024
- How to sell custom designs online
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7. Affiliate Marketing
Affiliate marketing involves promoting products or services online and earning a commission for every sale or lead generated through your unique referral link. Bloggers, influencers, and website owners often use affiliate marketing to monetize their platforms.
Potential Income: Commissions vary depending on the product and the affiliate program, ranging from 5% to 50% of the sale. Established affiliates can earn anywhere from $500 to $10,000+ per month.
Key Skills: Content creation, SEO, and digital marketing.
Who It’s Best For: Bloggers, social media influencers, and website owners with a strong online presence.
READ MORE:
- Best affiliate marketing programs 2024
- Make money with affiliate marketing
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Conclusion
Whether you’re looking for something flexible like freelance writing or an entrepreneurial venture like dropshipping, side hustles in 2024 offer numerous opportunities to boost your income. The key is to choose a side hustle that fits your skills and interests, and to stay consistent as you grow your income stream.
Ready to start your side hustle in 2024? Choose the best option for you and take the first step toward financial freedom today!
READ MORE:
- Best side hustles 2024
- Top income-boosting side jobs