student life

What small business ideas are good ways to start making additional money?

side hustle
Written by Nigel Simpkins

If you’ve got some entrepreneurial spirit inside of you and would love to make some extra money on the side of your existing job, there are a number of avenues you could explore. Whether you have a small or ample amount of time to be able to put into your side hustle, here are some of the most popular options out there that could bring in some additional income each month. 

Dropshipping 

Ever wanted to run your own online store? If the thought of having to house a whole host of stock to send to customers worries you, why not explore the world of dropshipping! The process is where you list products from your suppliers on your online store, all without purchasing stock upfront!  

Then, when someone orders an item, thanks to an agreement set in place between you and your supplier, they will deliver this product directly to the customer. It really is as simple as that! The only thing you’ll have to bear in mind is the shipping time, as it may be longer than usual. 

Start a blog 

Blogging is a great way to make money, although it can take a bit of time to get yourself established. Millions of blogs are published online each and every day, so you’ll have to think of ways to stand out from the crowd. Popular areas to talk about are business, beauty, lifestyle and finance, although you can pretty much cover anything you want! 

Once you’ve purchased your domain, set up hosting and created a style, you can start writing. Try and stick to a schedule to your viewers know when to expect a new piece of content from you. As soon as you’re established, you may be approached about collaborations and even advertising. This is when the money starts to roll in.  

Trading 

If you’ve got existing trading skills, this can be a very lucrative side hustle. There are lots of platforms available that help you to completely personalise your experience, all in the hopes of helping you to maximise your profit.  

Although there are both ups and downs when it comes to trading, if you have the knowledge and skillset already, you’ll have the potentially to really amp up your monthly income.  

Photography 

Do you love nothing more than heading out with your camera to capture nature or people? Why not turn this passion into a business! Start off by offering free taster sessions to build up your portfolio. Once you’ve worked out your style and the different packages you can offer, it can be relatively straightforward to start a photography business. 

With so many side hustles to choose from, how will you start to generate some additional income?