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Top 5 high-paying side hustles

 

Top 5 high-paying side hustles


In this article, we're going over the top five side hustles you can do to make extra money while working a nine-to-five job. If you are seeking other income streams and want to know What are some ways to make money while working 9 to 5?

These are all the extremely high-paying and super flexible side hustles that you should definitely check out if you want to supplement your current income. And this really is the perfect way to segue into entrepreneurship. 


Top 5 high-paying side hustles


Amazon FBA

So starting off we have Amazon FBA, which is a super cool site that anyone can start with a laptop and internet connection. I've been doing Amazon FBA since 2016. And the potential profits that you can have are astronomical. It's also something that you can do after work in your spare time. 

So FBA stands for fulfillment by Amazon, which is basically where you can get a product made a receipt, and you ship it to Amazon's warehouse where they get sent to the customer that purchases your product. Amazon FBA is much easier than Amazon FBM, which stands for fulfillment by the merchant, which basically means that you have to manually send out each product as sales. 

So if you want to sell a product on Amazon and actually have that Prime shipping option that Amazon FBA is the choice for you, it's much more passive. And Amazon actually stores your inventory and deals with shipping and customer support, what you need to do is find a product to sell, get that product made overseas, ship it over to Amazon's warehouse and create your own optimized listing with great photos.

Earn Extra Money With a Side Hustle

In my opinion, it's a great side hustle to have, especially if you have a full-time job, as it's shown that 36% of Amazon sellers actually do have a nine to five job you can actually get started with as low as $500 to $1,000. But I'd say that most new sellers will probably start off with between one to $5,000, which basically goes to pay for that first bulk order as well as to get shipped from overseas to Amazon's warehouse. 

That is not that much compared to how much you can make in the long run. As long as you put in the time and effort and you're smart about it. Amazon FBA can be a really profitable side hustle business, Amazon is the world's largest e-commerce website, with 70% of people prefer shopping on Amazon over Walmart. 

And as of 2021, Amazon has reached over 200 million Prime subscribers with 147 million of those users based in the US now I'd say that the cons to FBA are the fees, the sales, tax, and prep requirements along with all the back end administrative duties that need to be served prior to selling. But as long as you're able to find one good product, you'll be able to generate a good amount of money every single month. 

And yes, it is somewhat passive. There's definitely some upkeep involved. But most of the hard work comes at the beginning. And yeah, a lot of your success in FBA is going to be in your product research. So I really recommend using a tool like Jungle Scout to ensure that the foundation of your business is strong. 

That's the exact same tool I used to find all my profitable products in the past. So if you guys are interested in learning more, be sure to check out my videos that can give you guys the resources and info you need to see the best results when it comes to starting up your own Amazon FBA business.



Building a Website

Building a website that can be used for many different sources of income like affiliate marketing, personal branding, and selling a course paid newsletters, I mean, the possibilities with a website are endless. The two things that we're going to briefly go over in this article are affiliate marketing and personal branding.

Because in my opinion, those are two of the top paying side hustles you can start right now affiliate marketing is super passive. And this is basically where you are promoting a company's products or services. In exchange for a small commission on the sale. I do this for my personal brand and website. 

Now writing reviews on products is another great way to get started. If you're a decent writer, most people that are already looking to buy a product will go on the internet and look for reviews and recommendations online. So if you can be their last point of contact before purchasing, chances are they'll use your link and you'll get a commission for giving them some helpful information. 

For example, let's say that you're super passionate about tennis and you want to start a review blog on everything about the sport, you have tons of product reviews on tennis shoes, rackets, grip strings, and other accessories that you think the audience should know about.

And when you give them value, that's when you can actually give them the link to the product and you can make income from their purchase. The same thing goes for a personal branding website.

I made about $1.5 million in profit from my personal brand last year. And my website is a really important tool that drives people to my affiliates and builds my brand identity. Website Building is a perfect side hustle that you guys can do after your nine-to-five job. 



Private Tutoring

We have a side hustle that I personally used to do a lot. And I still recommend it for anyone that has a skill or knowledge that is private tutoring. This is a super profitable side hustle.

And you don't have to just tutor people in academics because you can also coach group lessons or teach any subject in the world as long as you're passionate and knowledgeable in the topic. So let's use tennis again as an example and say that you're a better tennis player than the average person. Well, there is someone out there that wants to get better. 

And as long as you're willing to teach, you can actually make money off of it. The average tutor in California makes about $44,000 per year, but it really depends on what you teach and your level of expertise. You can start off by posting your tutoring or coaching service on Craigslist, Facebook marketplace, college Facebook groups or even websites like properly if you want to go virtual.

Side Hustles For College Students To Pay Student Loans

One thing I'd recommend is if you are knowledgeable at test prepper, definitely consider teaching the essay TACT or any other type of admissions test, you should easily be able to charge between 50 to maybe $200 or more per hour. 

It's still something I definitely recommend for everyone because it's really rewarding and it also pays quite well. And like I mentioned earlier, you don't even have to tutor in person. If you want to register through platforms like tutor me tour.com Prep Li and varsity tutor. 

There are also sites like VIP kid where you can earn 14 to $20 an hour teaching English from the comfort of your own home. Now expanding on this if you want to take your tutoring up a notch you actually create curriculums for your students and sell them online through platforms like teacher pay teachers in order to generate passive income. 

You can literally start tutoring or coaching with no initial investment besides maybe a car for transport or an internet connection and a computer. So yeah, definitely, definitely recommend trying this out.



Flipping Furniture

Okay, so next we have flipping furniture such as couches, tables, or chairs. You buy undervalued things and you can fix them up and actually sell them for a pretty great profit. With a side hustle like this. There aren't any deadlines, you work at your own pace, and you can have as low as $100. 

To start flipping couches can be very profitable, because you can make over $200 per day if you focus on maximizing the efficiency and automation of the process, which is $4,000 a month if you're doing it five days a week how arrange furniture can easily net you about 250 to $400 per piece of furniture.

So yeah, many people they think that you can't make money off of flipping couches, but as you guys can see, it's a pretty cool and profitable side hustle. Now the main things to focus on are bargains, spotting, negotiating skills, refurbishing, and marketing, which basically means finding undervalued things, fixing them up, and selling them.

Okay, so here is a rundown of the process. First, you're going to want to find the undervalued item and try to negotiate an even lower price. If you're trying to make the most profit, I suggest you guys look into getting dressers and tables and storage items like chests and trunks, and these guys you can find for as low as 25 to $120. 

Now if you're just starting out you can probably get into the game with small furniture and then slowly progressed into more expensive and bigger items. So after you get the item you're going to need to do some type of repainting, refurbishing, or fixing if you want to make as much money as possible.

They definitely want to be efficient with this because you don't want to spend a lot of time holding on to these items then you can take some good quality photos of it and place it online there are tons of sites and platforms out there like Craigslist Facebook marketplace offer up at see eBay and you really can't go wrong with posting everywhere.

Because that will obviously increase the chances of selling sometimes when you're looking for items to buy on Craigslist. You can even try your luck at finding some really great furniture in the free section of the website. Overall I think it's a really great side hustle that will teach you a lot about business can make you a good amount of money while keeping your job and is doable in pretty much any area. 



Copywriting and Web Designing

And finally, we have Copywriting and designing websites for people's personal brands. 2 skills that I think can make you a lot of money having a website nowadays is super important because ever since the pandemic started, internet usage has been increasing across all devices making tons of businesses realize the potential of online marketing versus the traditional method. 

So knowing this, you guys should definitely take advantage of the businesses nowadays willing to pay a huge amount of money per project to independent contractors and freelancers that can help them with everything they need in terms of online and social media marketing. 

So on average copywriters in the US make about $51,000 per year working from home as a freelancer, you get to set your own pace to work from anywhere, and you can take several projects from different companies at the same time. Now if you want to know where to start, you can go on Fiverr and Upwork. 

These are two great platforms for you to host your first games and get your foot in the door. And if you want to go higher ticket, I'd actually recommend reaching out to companies directly and seeing if they'll sign a monthly retainer with you.

This does not apply to just copywriting and website design because you can turn any skill or passion into a service-based online business like this. 

For example, my friend Alex started off running for clients on Fiverr for just like $5 per project and now he's making multiple six figures in freelance writing. I have other friends that create websites for companies and small businesses.

And since that is such a specialized skill, you can absolutely charge a killing and the great news is people actually pay for copywriting website design writing, definitely, a super cool side hustles that you can start while keeping your job. 

So all in all side hustles are great to have and just freelancing in general, as you've seen in this video can cost almost nothing to start. In fact, many of you guys watching this video right now can just start with the materials you already have. When the economy gets Rocky, we often see that freelancers are actually impacted less. 

And yeah, over the last couple of years, we've seen so many nine-to-fivers, you know, introduce freelancing or start a side hustle because obviously, it helps you make more income besides your normal job. But also even better, in my opinion, this can eventually lead to you leaving your job and pursuing your own business full time. 

Those are my top five side hustles for nine to fivers that want to make more income. Everything I talked about on this list has the potential to make you a lot of money.

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