5 Online Side Hustles That Have Made Me Thousands (and are FREE to start!)

About this video

• Video Title: 5 Online Side Hustles That Have Made Me Thousands (and are FREE to start!)
• Channel: According to Nicole;
• Speakers: Nicole
• Duration: 15:36

Overview

This video explores five online side hustles that can generate income with no or minimal startup costs. The speaker emphasizes that side hustles offer freedom and flexibility, contrasting them with traditional employment. The video aims to provide actionable ideas for viewers to increase their income and gain more control over their lives.

Key takeaways

• Redefining Side Hustles: The speaker views side hustles not as part of toxic hustle culture, but as a means to achieve greater freedom and less reliance on a primary job through diversified income streams.
• Flipping/Online Arbitrage: This involves buying items from platforms like Facebook Marketplace or thrift stores and reselling them at a profit. It can be started with as little as $20, or even for free by acquiring items given away.
• Teaching/Tutoring: Leveraging existing skills or knowledge to teach others can be lucrative. One only needs to be slightly more knowledgeable than the student, and this can be done online or in person, often with no startup costs.
• E-commerce: Selling products or services online is a broad category that can include running an online store, selling on platforms like Etsy, or using print-on-demand services. Tools like Build Your Store AI can simplify the process of setting up a Shopify store.
• Affiliate Marketing: This involves promoting products and earning a commission on sales made through unique links. It doesn't require a large following and can be done effectively by creating searchable content, such as product reviews, even with a small audience.
• Investing: While not strictly a "side hustle," investing is presented as the most passive way to increase income and achieve financial independence. Opening investment accounts is typically free, and one can start with very small amounts, benefiting from compound growth over time.