Money Management
November 11, 2024
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One of my New Year's resolutions is to make more money. I know it is a resolution you can relate to. However, how do you make more money? One of the answers to that question is through side hustles. Side hustles allow you to make more money and achieve your resolutions.
This article discusses some of the side hustles you can consider in 2024.
Over half of the global population is on social media, accounting for 4.62 billion people. These are people who businesses target as customers. Businesses understand social media's and digital marketing's power to sell goods and services.
Digital Marketing is any form of marketing done on a digital platform, including social media. Digital marketing started even before the advent of social media. Nonetheless, social media has also become a formidable platform for to market.
Digital marketing and social media management are extensive sectors. Building expertise in one or more areas in these sectors can help you earn an extra shilling.
Some areas you can choose to learn and offer services in as a side hustle include, Search Engine Optimisation, Email Marketing, Affiliate Marketing, Native Marketing, and Inbound Marketing, among others.
There are numerous resources online where you can learn digital marketing and social media management.
Read Also: 6 Money-Making Online Businesses
E-commerce is the trading of goods and services over the Internet. Selling things online has been on the rise. People are becoming more and more comfortable transacting online. This then creates an opportunity to make some money on the side.
Whether you have a hobby that can solve a person’s problem, such as baking or any other skill, you can package your products and services and sell them online.
Sites such as Jumia and Jiji have made trading online more accessible. Also, if you already have a business, you can list your products on these sites, which opens your business up to a bigger clientele.
Establish which product or service you want to sell as a side hustle. Find the best way to sell it. You can have your website. You can list your products and services on affiliate websites or sell directly through your social media profiles.
Nonetheless, e-commerce and selling online are side hustle opportunities you should take into account in 2024.
Read Also: 7 Ideas to Diversify Your Sources of Income
Freelancing is a reliable side hustle for many Kenyans. People with skills that can be traded online opt to offer their services as freelancers online.
The tech industry has many roles, and companies prefer to hire freelancers. Those with programming skills get opportunities to work remotely as freelancers for the companies.
The pandemic exposed that some jobs did not need people to be onsite for them to be done. This made working remotely a popular concept. The working-from-home concept also made freelancing popular.
The skill you are employed for in your 9 to 5 can also be traded as a freelancer. This can be the perfect side hustle since you do not have to learn new skills. You might need to learn new tools, though.
Some freelancing side hustles to consider include, Writing and Content Creation, Graphic Design and Multimedia, Programming and Web Development, Digital Marketing, Virtual Assistance, Photography and Videography, Consulting and Coaching, Translation and Language Services, and Data Entry and Analysis.
Freelancing is a viable side hustle opportunity that you should look into.
Read Also: How to Thrive as a Freelancer
Agriculture is the backbone of the Kenyan economy. Hence, it is a broad sector with many opportunities to take advantage of as a side hustle. However, when many think about being involved in agribusiness, they think of farming. Farming is just one part of it.
Agribusiness involves all the processes and exchanges between crop production, product processing, and distribution. Having a side hustle in the agribusiness space means you can be involved in any part of the process.
Furthermore, you can embrace concepts such as Rooftop Gardens and Vertical Farming, Community Gardens, Aquaponics, and Hydroponics, allowing you to farm in limited spaces.
Especially in urban areas, having a rooftop garden or farming using aquaponics can be an avenue to make an extra buck.
Read Also: I Quit Law Career to Become a Freelance Writer
With the start of a new year, many people have made resolutions to be fitter and focus on their wellness. This is your opportunity to position yourself as their partner in their fitness and wellness journey.
Fitness training takes many shapes, including gymming, outdoor activities, yoga, etc. Focus on the type of fitness activity you thrive in and advertise your services. Get people to sign up, and you can train them.
This is a great side hustle because apart from being a side hustle, you also get to exercise as you train your clients.
If it is wellness coaching, you can plan sessions where you guide people through meditations and affirmations.
Additionally, you can create diet plans and workout regimens that you can charge people for.
Delivery services are growing day by day. People are getting used to ordering food and other items to be delivered to their doorsteps. Hence, numerous delivery services are looking for delivery personnel.
If you have a motorbike or a vehicle, you can sign up in one or several of the delivery platforms and after your main gig, start taking orders and running errands for people.
This is a good side hustle, as you can work when your time allows. You do not have to juggle different things at once. You take the orders you have the time to fulfill. Therefore, you get to work as much or as little as you want.
Read Also: How to Make Extra Money Doing Deliveries
Here are some tips to help you be successful in your side hustle.
You should ensure the side hustle does not affect the main hustle. Learn how to manage your time properly and how to prioritize your activities. Time management and prioritization are also essential to avoid being overwhelmed.
It is always a great idea to keep learning and developing your skills. This exposes you to more and better opportunities. Remember, as much as this will be your side hustle, competition is still high, and you need to level up.
Network with the relevant people in the industry you are operating in. You learn more about what you are doing and gain more opportunities. Creating a personal brand allows more leverage and negotiating power, allowing you to earn more from your side hustle.
A side hustle allows you to make some money to subsidize what you already make. Therefore, you need to be conscious of your finances and have proper financial management skills to manage more money. You also need to plan better so that the side hustle does not end up eating into your primary earnings.
Making an extra coin is a good idea. There are opportunities out there for you to earn something more. However, they will demand from you extra time and effort. The best side hustles are those within the line of work you are familiar with. This, however, does not mean you cannot venture outside your domain, but you will need to be careful and ensure you understand the opportunity well.
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