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We all want to achieve financial freedom, but the cost of living and inflation sometimes our jobs make that impossible.
That’s where a side hustle comes into play.
But we are not talking about your normal side hustle that makes a little extra cash; we are talking about building a side business that can potentially earn you $100K a year or more.
Yes, it is possible if you put in the time and effort.
A side hustle is a great way to make money outside of your regular job.
But not all side hustles are created equal.
In this article, we will explore 24 side hustles that will earn you the most money.
These are some side hustles that might require some extra time and investment, but they can earn you $100K a year, so it’s well worth it.
So whether you want to make money on the side or eventually turn it into a full-time business, these side hustles are a great way to start.
Let’s dive in and find the perfect side hustle to help you earn an extra $100K a year!
#1. Freelancing Services
Freelancing is a great way to earn some income, and in time, you can build this venture into a serious income stream.
For starters, you can become a freelance writer, helping website owners create content. If you have a specialty in a certain industry, you could write white papers and sell them to small businesses to offer to their clients or potential customers.
#2. Services-Based Business
Another great way to make money on the side is by offering different services to people.
The key here is to find a skill that you’re good at, such as graphic design, consulting, or virtual assisting, and offer it to clients.
#3. Real Estate Rental
Investing in properties and renting them out can bring in a lot of money if you have the capital to get started.
You can invest in several rental properties to make more money and either have them managed or manage the properties yourself, so you do not have to pay a manager.
If you don’t have the cash to buy properties, you can use crowdfunding. This allows you a smaller investment that you can grow over time. One of the best sites out there is Arrived Homes.
#4. Etsy Store
If you have a creative side and enjoy making handmade goods, then consider opening up an Etsy store.
And even if you aren’t good at making physical products, you can sell digital products. Many people are making thousands selling digital journals, planners, and more.
Once you have established a steady customer base, you can grow your business as a side hustle or even turn it into a full-time job.
#5. Digital Design Services
With the rise of social media and online marketing, there is a high demand for digital design services.
If you have skills in designing websites, illustrating, or photoshopping, you can offer your services to businesses and individuals looking for professional designs.
Fiverr is a great place to get started as well as customer reviews.
#6. Drop Shipping
Drop shipping is where you sell products after partnering with suppliers who will handle the production, packaging, and shipping of the products while you take care of marketing.
Consider selling niche products or unique items that are in demand to differentiate yourself from other drop shippers. Sell on Facebook Marketplace, eBay, Amazon, and even your own website.
#7. Game Development
If you have programming skills and a passion for games, you can make 100K or more each year by developing your own games or working for a game development company.
There is a high demand for talented game developers, especially anyone who can create mobile games or virtual reality experiences. And here is a bonus option: make money playing games. While you might not make six figures, it’s a fun way to earn some cash.
#8. Online Course Creation
There is a huge demand for online courses on various topics, so if you have knowledge or expertise in a particular area, you can create and sell your own online course.
You can also partner with other experts to create a course together to increase traffic and your earning potential.
#9. Grow Microgreens
Microgreens are small but high-value crops that can be grown in just a few weeks and sold to local restaurants, farmers’ markets, or directly to consumers.
This is one way to make money that doesn’t require much money to get started.
Plus, they have a high profit margin since they’re such a sought-after ingredient in the culinary world.
#10. Coding
In today’s digital age, coding skills are highly valuable, and this is one side hustle you don’t want to underestimate.
If you have a knack for coding, you can offer website design, app development, or other tech-related services to individuals or businesses.
#11. Create a Paid Community
Creating a paid community or minimum viable course (MVC) is another way to monetize your knowledge and expertise.
You can create a membership site where members pay a monthly fee for access to exclusive content, resources, and support from you, or you can create an MVC that provides just enough information to get people started on a specific topic and charge a one-time fee for it.
At $2 a month and 500 members, you are making $1K a month, or $120K a year!
#12. Social Media Management
If you’re into social media, you can help businesses and individuals manage their social media presence.
This might include making content, planning posts, interacting with followers, and checking analytics to boost performance. Many small businesses would love more customers but don’t understand social media well enough to use it to its full advantage. This is where you come in.
#13. Podcasting
Podcasting is a popular way that many people consume content these days.
If you have the knowledge and skills to produce high-quality podcasts, you can start your podcast and monetize it through sponsorships, advertisements, or even offering exclusive content to paying subscribers.
#14. Start a Subscription Email
You can start your own subscription email list and offer valuable content, such as exclusive articles, tips, and tutorials, to subscribers in exchange for a monthly fee.
Offering a subscription email list not only provides recurring income but also establishes you as an expert in your niche.
#15. Virtual Assistant
Virtual assistants are among the most in-demand jobs and are a great way to make $100K or more a year.
As a virtual assistant, you can offer clients various services, such as administrative tasks, social media management, email marketing, and travel arrangements management.
#16. Online Personal Coaching
Personal coaching has become increasingly popular, and with the rise of online platforms and video conferencing tools, it’s now possible to offer coaching services entirely online.
As a personal coach, you can help individuals achieve their goals in various areas such as career, relationships, health, or personal development.
#17. Luxury Pet Services
As a provider of luxury pet services, you can cater to high-end clientele who are willing to pay top dollar for their pets’ care and well-being.
You can offer pet services that include normal pet services like walking and grooming or go for unique experiences like pup parties or personalized vacation packages for pets.
#18. Specialty Food Truck
Food trucks have become popular across America, and you can stand out by offering a specialty food truck that serves a unique type of cuisine or specific dishes.
With the rise of foodie culture and the demand for convenient yet quality dining options, a specialty food truck can be a highly profitable business venture.
#19. App Development
In today’s digital age, having a mobile app for your business is almost essential, and that is where you come in.
As an app developer, you can help businesses create user-friendly and engaging apps to connect with their customers, or you can also develop apps for specific industries or niches, such as fitness or education.
#20. Web Development
As a web developer, you can design and create websites for clients, such as small businesses, e-commerce stores, or personal portfolios.
With the rise in the need for a solid online presence, web development has become a sought-after skill with great earning potential as a side hustle or a full-time career.
#21. Flip Houses
House flipping has been a popular side hustle for many years, so if you have a knack for interior design, construction, or real estate, you can purchase outdated homes, renovate them, and sell them at a higher price for a profit.
This side hustle requires some upfront investment and knowledge of the housing market, but it can be a great way to have a steady income stream.
#22. Social Media Influencer
Becoming an influencer has become a popular way to make money online, but you must connect authentically with your audience.
However, once established, it can provide a great source of passive income as you build a strong following on platforms like Instagram, YouTube, or TikTok, partnering with brands and promoting their products or services for a fee.
#23. Professional Cleaner
Many people don’t have the time or desire to clean their homes or businesses themselves, so they are willing to pay someone else to do it.
You can also offer specialized services such as deep cleaning, move-in/move-out cleaning, or organizing and decluttering spaces.
#24. Personal Chef/Caterer
If you love cooking and have culinary skills, offering personal chef or catering services can be a way to make at least 100K a year.
You can cater events, such as weddings or parties, or provide meal prep services for individuals or families who want healthy meals made for them.
#25. Niche Blogging
Blogging has become very popular, but it’s important to find a specific niche that you can focus on if you want to make $100K.
Some very high-paying blogging niches that you can try are personal finance, travel, and food.
Leverage showing ads, affiliate sales, and digital products, and you can be on your way to six figures.
Get Paid to Do Nothing
The dream is to get paid to not work.
But the reality is we have to work. But what if there were jobs that were so simple, it didn’t feel like work?
Here is how you can get paid to do close to nothing at all.
Make Money Selling Memes
You’ve definitely seen memes all over the internet.
Everyone loves them. Since there is a demand for them and they are easy to make, why not make money creating them.
Here is everything you need to know about making money with memes.
I have over 15 years experience in the financial services industry and 20 years investing in the stock market. I have both my undergrad and graduate degrees in Finance, and am FINRA Series 65 licensed and have a Certificate in Financial Planning.
Visit my About Me page to learn more about me and why I am your trusted personal finance expert.