Many successful business ventures begin as an ambitious side hustle. This shouldn’t be surprising given the risks, time and energy spent on a startup. Most start-ups fail and successful entrepreneurs tend to have a good number of failed business ventures under their belts before “making it”. So quitting your day job prematurely is perhaps not the wisest risk you could take.
Luckily, it’s possible to turn a productive side hustle into a fully-fledged business that supplies full-time income. It can actually transition into becoming your full-time job. This arguably truer with digital side hustles and business ventures than with any other form. To make your digital side hustle successful, you’ll need commitment, clarity of vision and a good deal of SEO-savvy, such as reading the latest SEO news from Mass Appeal might provide. You’ll also, generally speaking, need a business model with low start-up costs.
Here are 3 low-cost digital side hustles that can become full-time jobs.
Blogging isn’t just the kind of thing you do to express whatever’s on your mind at a given moment. Many blogs from various industries have become incredibly successful brands in their own right. Some of them have spawned books, merchandise, and lucrative sponsorship deals, which have elevated their owners’ income significantly.
Of course, blogging does not guarantee a quick pay off, if at all. To have a good shot at being a professional, full-time blogger, you’ve got to work consistently and meticulously. The good thing about blogs is that they’re all but free to run. Self-hosted blogs (the type you should be running) typically cost no more to start than the web hosting fee. Just be sure to blog about subjects you know something about, and do the required research.
Freelance writing is a brilliant career choice for anyone who loves the written word and likes the prospect of being their own boss, and being location independent. To begin your career as a freelance writer, you’ll need to get some writing samples (a blog can work at a pinch), a website, and a professional headshot. Begin pitching your services widely and constantly be looking for the next big break. Be mindful of attempted exploitation, and update your portfolio and testimonials as often as possible.
Affiliate marketing is the original avenue to “passive income” as written about by people such as Tim Ferriss, in his much-beloved book “The 4-Hour Work Week”. Affiliate marketing involves you setting up a digital store on your website, signing up to affiliate programs, and is playing products on behalf of other companies. Whenever a customer buys through you, you earn a certain amount of commission, while not having to take on any of the liabilities yourself. Affiliate marketing can be a fun side-hustle to invest yourself in, but it’s a tricky industry to crack. The name of the game is identifying the perfect niches, and being meticulous in your SEO and marketing skills.