Earn Money on the Side: Best Side Hustle Business Ideas
With the effects of inflation being felt by Filipinos, it seems that having one job isn’t enough anymore. Everything is so expensive these days that stretching your budget can only get you so far. If you’re thinking about how you can earn extra income ASAP, here are some ideas for side hustles to help you generate more income streams.
Freelancing
Kill two birds with one stone when you freelance. Aside from earning extra income, you’ll also be able to do something that you love or are passionate about. So if you have the knack for writing, taking photos, designing websites, or doing people’s hair and make-up, you can do it as a side hustle. If you’re really good with social media, you can be a freelance social media manager. You can even tutor students or be an industry coach. Charge an hourly rate or get paid when the project is completed. As long as you’re able to provide professional services and have the skills and talent for it, you can do it as a freelancer.
Virtual Assistance
What if you can help other business owners by providing administrative or clerical services virtually? Depending on your skills and experience, you can earn from a few thousand pesos to even more than your monthly salary.
The scope of the work varies, depending on the type of business your client owns. As a virtual assistant, you can perform administrative tasks, as well as some content writing, social media management, lead generation, and basic graphic design. As long as you have a computer, a headset with microphone, a webcam, and a reliable internet connection, you can earn extra income as a virtual assistant.
Online Selling
If you have a product that can help address a need (or even a want), why not open your own online store? During the height of the pandemic, online transactions in the Philippines got a tremendous boost, growing by 11.8% in 2020, with a value of ₱229.8 billion. The number of online sellers also grew from 1,700 in March 2020 to 93,318 in January of last year.[1] And it doesn’t show any signs of stopping, which means this is the perfect time for you to launch your online store.
From food to clothing, to gadgets and furniture, there are simply so many things you can sell online. You don’t even have to set up a fancy e-commerce website. Just create an Instagram or Facebook account for your business for free, upload high-quality photos and videos of your products, find a partner courier for order fulfillment, and you’re good to go.
Vlogging
Got the gift of gab? Blessed with a bubbly, funny, and relatable personality? Then you can make extra bucks in front of the camera through vlogging.
Share your knowledge with the world through video tutorials. Do a review on different popular products to help people make the right purchase. Or simply share your thoughts or views about anything under the sun.
Find your niche and offer something new. Whether you want to talk about beauty and makeup, gourmet food, or health and fitness, offer quality content and present it in a unique and engaging way.
Podcasting
If you’re shy to be on camera, let your voice, personality, and wit shine through in your very own podcast instead. Podcasting is a great side hustle idea because all you need is a great topic, a well-written script, and a good microphone.
You can do a solo show and talk about something that you’re really good at or passionate about, like gadgets, cryptocurrency, or business. Or you can interview people and have guests over and dissect the latest episode of your current K-Drama obsession. You can even share hilarious first-hand, real-life experiences in relationships or in the workplace.
Once you have the program and podcast gear sorted out, you can then find the best podcast hosting site to upload and publish your podcast.
Hobbies
Are you really good at a hobby that people often ask if they can buy things that you make? Whether it’s art, poetry, music, clothes, or crafts, you can also earn extra income from your hobbies.
Just like online selling, you need to have an online platform where you can showcase your work and where customers can make inquiries or place orders. So knit, crochet, create your own furniture, make your own candles, or sing at events. There are so many hobbies that can also be profitable!
Having a separate savings account can help you manage your earnings well. With RCBC Digital Online Banking app, you can open a savings account with just one valid ID, with zero maintaining balance. This way, you can keep track of money coming in from your side hustle without mixing it with your personal funds.
RCBC Bankard also has a wide range of credit cards offering exclusive privileges and exciting perks, whether it’s for your business or personal needs. A credit card can be a great thing to have for your business expenses. You can choose a card depending on your business needs, as well as spending rewards and spending categories. You can even enjoy no annual fee for life.
With an RCBC Bankard credit card, you can convert your straight purchases using the RCBC Digital Online Banking app to Unli Installment. This allows you to pay for your purchases for up to 36 months installment. To learn more about RCBC Bankard credit cards, visit rcbcbankard.com to find the right credit card for your business.
Furthermore, you can also avail of an RCBC Personal Loan to help you with those big-ticket items that you need to have in order to kick start this journey, and pay in low monthly amortizations. Just visit any RCBC branch near you to apply for an RCBC Personal Loan.
It may be just a side hustle. But think of it as something that can be a full-time job if you’re really good at it and if clients keep coming in. So have the right mindset of giving it your 100%. Devote your time, energy, creativity, and resources as you would your full-time job. Be consistent with your great output to build a name for yourself and cement your reputation as someone professional and good at what they do!
Once you start earning from your side hustles, that makes you an official business owner. And as a business owner, you need a reliable bank like RCBC to help you in your journey and achieve your financial goals.
