According to a recent study, more than 45% of Americans have a side hustle. Side hustles are a great way to supplement your income, pursue a passion, or start a business. With the rise of the gig economy, more people are turning to side hustles to make extra money. In 2024, the side hustle trend is expected to continue, with more people looking for ways to earn additional income.

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Understanding side hustles is essential to making the most of them. A side hustle is a part-time job or business that you do in addition to your full-time job. It can be anything from freelancing to driving for a rideshare service to selling products online. The beauty of a side hustle is that it allows you to earn extra money without quitting your day job.

In this article, we will explore 40 side hustles that can help you make a six-figure income in 2024. We will cover high-earning side businesses, lucrative part-time jobs, freelance opportunities, and more. Whether you’re looking for a low-investment side hustle or a home-based business, we’ve got you covered. Keep reading to learn more about the side hustles that can help you achieve financial freedom.

Key Takeaways

• Side hustles are a great way to supplement your income and pursue your passions.
• In 2024, the side hustle trend is expected to continue, with more people looking for ways to earn additional income.
• This article explores 40 side hustles that can help you make a six-figure income in 2024, including high-earning side businesses, lucrative part-time jobs, freelance opportunities, and more.

Understanding Side Hustles

A side hustle is a job or business that someone does in addition to their primary source of income. Many people use side hustles to earn extra money, pursue a passion, or gain experience in a new field. Side hustles can range from simple, low-commitment tasks like dog walking or freelance writing to more complex, entrepreneurial ventures like starting a business.

Side hustles have become increasingly popular in recent years, with many people turning to them as a way to supplement their income or achieve financial independence. In fact, according to a 2023 Bankrate survey, 39% of U.S. adults have a side hustle. This trend is expected to continue in 2024 and beyond, with new side hustle ideas emerging all the time.

Entrepreneurial side hustles are a great way to turn a passion into a profitable business. However, they require more time and effort than simple side hustles. To be successful, an entrepreneurial side hustle must be based on a solid business plan, market research, and a clear understanding of the target audience. Some popular entrepreneurial side hustle ideas for 2024 include creating an online course, starting a dropshipping business, or launching a podcast.

Overall, side hustles can be a great way to earn extra income, gain experience, and pursue a passion. However, it’s important to remember that they require time, effort, and dedication to be successful. With the right mindset and approach, anyone can turn a side hustle into a profitable venture.

The Rise of the Gig Economy

In recent years, the gig economy has been on the rise, with more people looking for ways to make extra income outside of their regular jobs. This trend is expected to continue in 2024, with more people turning to side hustles to supplement their income.

The gig economy offers a wide range of money-making ideas, from delivering food to freelancing as a graphic designer. With the rise of technology, it has become easier than ever to find part-time job opportunities in 2024. Online platforms like Fiverr, Upwork, and TaskRabbit have made it possible for people to offer their services to a global audience.

One of the advantages of the gig economy is that it allows people to work on their own terms. They can choose when and where they work, which is especially appealing to those who want to work around their family commitments or other responsibilities.

Another advantage of the gig economy is that it can be a great way to build skills and experience. For example, someone who starts freelancing as a writer may eventually be able to start their own content marketing agency.

However, it’s important to note that the gig economy is not without its challenges. For one, it can be difficult to find a steady stream of work, especially when starting out. Additionally, gig workers are often not entitled to benefits like health insurance or paid time off.

Despite these challenges, the gig economy is expected to continue to grow in 2024 and beyond. For those looking for part-time job opportunities or ways to make extra income, the gig economy offers a variety of options to choose from.

High-Earning Side Businesses

Many people are looking for ways to supplement their income by starting a side business that can help them earn a six-figure income. While there are many options to choose from, some side hustles have a higher earning potential than others. Here are some of the top side businesses with high returns:

Online Coaching and Consulting

Online coaching and consulting has become increasingly popular in recent years, and for good reason. It allows individuals to leverage their expertise and knowledge to help others achieve their goals. Whether it’s business coaching, life coaching, or consulting in a specific field, there is a high demand for these services. According to Forbes, the average hourly rate for coaches and consultants is $300, with some earning as much as $2,000 per hour.

E-commerce

E-commerce has exploded in recent years, and it’s not showing any signs of slowing down. With the rise of online shopping, there is a huge demand for online stores that offer unique and high-quality products. Whether it’s selling handmade items on Etsy, dropshipping products from China, or creating your own branded products, there are many ways to start an e-commerce business. According to CNBC, some people have been able to make up to $113,500 per year with an e-commerce side hustle.

Real Estate Investing

Real estate investing can be a lucrative side business for those who are willing to put in the time and effort. Whether it’s flipping houses, buying rental properties, or investing in real estate crowdfunding platforms, there are many ways to make money in real estate. According to Fortune, the average income for real estate investors is $100,000 per year, with some earning much more.

Freelancing

Freelancing has been a popular side hustle for many years, and for good reason. It allows individuals to leverage their skills and expertise to provide services to clients around the world. Whether it’s writing, graphic design, web development, or social media management, there is a high demand for freelancers in many industries. According to Forbes, the average hourly rate for freelancers is $28, with some earning as much as $150 per hour.

These are just a few examples of high-earning side businesses that can help individuals make a six-figure income in 2024. While each of these side hustles requires a different skill set and level of commitment, they all have the potential to provide a significant return on investment.

Lucrative Part-Time Jobs

For those looking to make a substantial six-figure income with a side hustle, there are plenty of lucrative part-time jobs to consider. These jobs offer the flexibility to work around existing schedules while still earning a significant amount of money.

One popular option is freelancing. Freelancers can work in a variety of fields, including writing, graphic design, web development, and more. With the rise of remote work, freelancing has become more accessible than ever before. Freelancers can set their own rates and work as much or as little as they want, making it an ideal option for those looking for a flexible side hustle.

Another option is pet-sitting and dog walking. As more people work long hours, there is a growing demand for pet care services. Pet-sitters and dog walkers can earn a significant amount of money by providing these services, and the hours are often flexible.

For those with a passion for teaching, tutoring can be a lucrative side hustle. Tutors can work with students of all ages and in a variety of subjects, including math, science, and language. With the rise of online tutoring platforms, it’s easier than ever to find clients and make a substantial income.

Finally, personal shopping and styling can be a great side hustle for those with an eye for fashion. Personal shoppers and stylists can work with clients to help them find the perfect outfit for any occasion. With the rise of online shopping, personal shopping and styling has become more accessible than ever before.

Overall, there are plenty of lucrative part-time jobs that offer flexible hours and the potential to earn a six-figure income. By finding a side hustle that aligns with their skills and interests, individuals can supplement their income and achieve their financial goals.

Best Freelance Side Hustles in 2024

Freelancing is an excellent way to make extra money in 2024. With the rise of the gig economy, there are more freelance opportunities available than ever before. Freelancers can work from anywhere in the world, and they have the freedom to choose their own hours and projects. Here are some of the best freelance opportunities in 2024:

1. Writing

Writing is a great freelance opportunity for those who have a way with words. Freelance writers can write articles, blog posts, social media content, and more. They can work for clients in a variety of industries, including healthcare, finance, and technology. Freelance writers can earn anywhere from $50 to $500 per article, depending on their experience and the complexity of the project.

2. Graphic Design

Graphic design is another lucrative freelance opportunity in 2024. Freelance graphic designers can create logos, brochures, websites, and more. They can work for clients in a variety of industries, including fashion, food, and entertainment. Freelance graphic designers can earn anywhere from $50 to $500 per project, depending on their experience and the complexity of the project.

3. Social Media Management

Social media management is a growing freelance opportunity in 2024. Freelance social media managers can help businesses manage their social media accounts, create content, and engage with followers. They can work for clients in a variety of industries, including fashion, beauty, and travel. Freelance social media managers can earn anywhere from $500 to $5,000 per month, depending on their experience and the number of clients they have.

4. Web Development

Web development is a high-paying freelance opportunity in 2024. Freelance web developers can create websites, web applications, and mobile applications. They can work for clients in a variety of industries, including healthcare, finance, and education. Freelance web developers can earn anywhere from $1,000 to $10,000 per project, depending on their experience and the complexity of the project.

5. Photography

Photography is a fun and rewarding freelance opportunity in 2024. Freelance photographers can take photos for clients in a variety of industries, including fashion, food, and travel. They can also sell their photos on stock photo websites. Freelance photographers can earn anywhere from $50 to $500 per photo, depending on the usage rights and the quality of the photo.

These are just a few of the many freelance opportunities available in 2024. Freelancing is a great way to make extra money, and it can even turn into a full-time career for those who are dedicated and hardworking.

Exploring Online Store Side Hustles

Starting an online store can be a great option for those looking to earn extra income on the side. With the rise of e-commerce platforms like Shopify, Etsy, and Amazon, it’s easier than ever to set up an online store and start selling products.

One advantage of online stores is that they can be run from anywhere, making them a great option for those who want to work from home or while traveling. Plus, with the ability to sell products 24/7, online stores can generate income even while the owner is sleeping.

To start an online store, one needs to identify a profitable niche, source products, and create an attractive website. Marketing and advertising are also important to drive traffic to the store and increase sales. Social media platforms like Instagram and Facebook can be great for promoting products and reaching new customers.

There are various ways to generate income from an online store, including selling physical products, digital products, or services. Dropshipping is a popular method where the store owner doesn’t hold inventory but instead works with a supplier who ships products directly to the customer.

Online stores can be a great side business for extra income, but it’s important to do proper research and planning before starting. One should analyze the market, identify the target audience, and create a solid business plan to ensure success. With the right approach, an online store can be a lucrative side hustle for those looking to make a 6-figure income in 2024.

Passive Income Side Hustles

Passive income side hustles are a great way to earn money without actively working for it. These side hustles can be set up once and can generate income for years to come. Here are some passive income side hustles that can help you make a six-figure income in 2024:

Self-Publishing

Self-publishing is a great way to generate passive income. Once you publish a book, it can generate income for years to come. You can write a book on any topic that you are knowledgeable about and publish it on platforms like Amazon Kindle Direct Publishing, Apple iBooks, or Barnes & Noble Press. You can earn up to 70% royalty on each sale.

Dividend Investing

Dividend investing is a great way to generate passive income. You can invest in dividend-paying stocks or ETFs and earn a regular income from the dividends. Dividends are paid out quarterly or annually, depending on the company’s policy. You can also reinvest the dividends to buy more shares and increase your income.

Rental Properties

Owning rental properties is another way to generate passive income. You can buy a property, rent it out, and earn a regular income from the rent. You can also use a property management company to manage the property and take care of the day-to-day operations.

Affiliate Marketing

Affiliate marketing is a great way to generate passive income. You can promote products or services on your website or social media and earn a commission on each sale. You can join affiliate programs of companies like Amazon, eBay, or ClickBank and promote their products to your audience.

Peer-to-Peer Lending

Peer-to-peer lending is a great way to generate passive income. You can lend money to individuals or businesses through platforms like LendingClub, Prosper, or Upstart and earn a regular income from the interest. These platforms also do the underwriting and credit checks for you, making it easier to invest in loans.

These passive income side hustles can help you make a six-figure income in 2024. While they require some initial investment of time and money, they can generate income for years to come and help you achieve financial independence.

Low Investment Side Hustles for 2024

Starting side hustles doesn’t always require a lot of money. In fact, there are plenty of opportunities that require little to no upfront investment. Here are a few low investment side hustles to consider in 2024:

1. Freelancing

Freelancing is a great way to turn your skills and expertise into a profitable side hustle. Whether you’re a writer, graphic designer, or web developer, there are plenty of businesses and individuals who are willing to pay for your services. All you need is a computer, an internet connection, and the ability to deliver quality work on time.

2. Online Tutoring

If you have a talent for teaching, online tutoring can be a lucrative side hustle. You can teach anything from math to music to foreign languages, and there are plenty of online platforms that connect you with students from all over the world. All you need is a computer, a webcam, and a quiet place to teach.

3. Social Media Management

Many small businesses struggle to manage their social media presence, which is where you come in. As a social media manager, you can help businesses create and execute social media campaigns, manage their accounts, and engage with their followers. All you need is a good understanding of social media platforms and the ability to create engaging content.

4. Pet-Sitting and Dog Walking

If you love animals, pet-sitting and dog walking can be a fun and profitable side hustle. You can offer your services to pet owners in your area, and there are plenty of online platforms that connect you with pet owners who are looking for reliable and trustworthy sitters and walkers. All you need is a love for animals and the ability to be responsible and reliable.

5. House Cleaning

Many people don’t have the time or energy to keep their homes clean, which is where you come in. As a house cleaner, you can offer your services to busy families and individuals in your area. All you need is a few cleaning supplies and the ability to do a thorough job.

These are just a few low investment side hustles to consider in 2024. With a little hard work and dedication, you can turn any of these opportunities into a profitable side gig.

Home-Based Side Hustles

Working from home is becoming increasingly popular, especially in the wake of the COVID-19 pandemic. Many people are looking for ways to make extra money on the side, and home-based side hustles are a great way to do that. Here are a few creative ways to make money on the side from the comfort of your own home.

Online Tutoring

Online tutoring is a great way to make money on the side if you have a skill or subject that you’re particularly good at. There are many online tutoring platforms that allow you to connect with students from all over the world. Some popular platforms include Chegg, TutorMe, and Wyzant.

Virtual Bookkeeping

If you have a background in accounting or finance, virtual bookkeeping is a great side hustle to consider. Many small businesses are looking for bookkeepers to help them manage their finances, and you can do this work from the comfort of your own home. Some popular virtual bookkeeping platforms include Bench and Bookkeeper360.

Social Media Management

Many businesses are looking for help managing their social media accounts, and this is a great side hustle to consider if you’re social media savvy. You can help businesses create content, schedule posts, and engage with their followers. Some popular social media management platforms include Hootsuite and Buffer.

Freelance Writing

If you have a talent for writing, freelance writing is a great way to make money on the side. There are many websites that connect freelance writers with clients, such as Upwork and Freelancer. You can write blog posts, articles, product descriptions, and more.

Graphic Design

If you’re creative and have a talent for graphic design, there are many opportunities to make money on the side. You can design logos, websites, social media graphics, and more. Some popular graphic design platforms include 99designs and Fiverr.

These are just a few examples of home-based side hustles that you can do to make extra money in 2024. With a little creativity and hard work, you can turn your skills and passions into a profitable side hustle.

Conclusion

In conclusion, there are numerous side hustles available to make a six-figure income in 2024. This list of 40 side hustles provides a diverse range of options, from freelancing to e-commerce, and from delivering food to pet-sitting.

It’s important to note that success in any of these side hustles requires dedication, hard work, and a willingness to learn and adapt. It’s also crucial to understand the risks and challenges associated with each side hustle before diving in.

For those who are willing to put in the effort, the potential rewards can be significant. Whether it’s achieving financial freedom, pursuing a passion, or simply supplementing one’s income, there are plenty of opportunities available to make a six-figure income through a side hustle in 2024.

Ultimately, the key to success is finding side hustles that align with one’s skills, interests, and goals. By leveraging these factors and staying focused on the end goal, anyone can achieve success in their chosen side hustle.