Starting a side hustle online can be a very exciting moment. After all, your side hustle is usually going to be based on something that you absolutely love talking about or doing, so it doesn’t get any better than that.
However, that excitement can often be met with a momentary pause, thanks to one of the most common questions when it comes to this topic. How much does it cost to start a side hustle online?
This isn’t the easiest question to answer, and it’s for that reason that many people fail to get started on the path to their side hustle. This is for the fear that it just might cost too much for them to get started.
So in this article, we’re going to talk a little bit more about online side hustles and some of the most common costs that you’d be looking to pay in order to get started making some money.
Side Hustles – What They Are And Associated Costs
A side hustle is simply another form of activity that happens while someone has a full-time job. In other words, it’s done on the side, and in addition to someone’s full-time job. Because of this, time is usually a limiting factor given the fact that individuals will have to do all of their work before or after their work schedule.
So what are some of the costs associated with starting your side hustle? The good news is that the internet has made it so much easier to get started and earn money at the same time. With massive platforms like Facebook, YouTube, and Instagram, it’s never been easier to get your message exactly in front of those who want to hear it.
Now we can get into the costs when it comes to an online side-hustle. These side-hustles will be categorized from the most expensive to the least expensive. Keep in mind that the most expensive side hustle isn’t even all that costly, considering the fact that you can make quite a bit of money doing it. Let’s begin.
The Information Marketing Side Hustle
Do you consider yourself an expert when it comes to a specific topic or niche? Heck, do you tend to know more about the average person when it comes to that same topic or niche? Then the information marketing side hustle is going to be perfect for you.
Aside from giving away a lot of your knowledge for free, you’re also going to need some type of way to monetize the information that you have. This can be done with an online course, which you can sell using any type of landing page or sales funnel software.
Kartra is the perfect example of a sales funnel builder. Well, right now you might be asking: How much does Kartra cost? Their Starter plan is only $99 a month, which isn’t all that much when considering you get everything that you need. Plus, there’s also a way to extend the Kartra trial as explained in this step-by-step
tutorial article.
So if you have quite a bit of knowledge that you’d like to monetize, keep in mind that the information marketing side hustle is a great way to make a substantial income online, by teaching and monetizing what you know.
The Blogging Side Hustle
This is one of the most popular side hustles, given the fact that all you need to do is sit down at the computer and type away about your favorite topic or passion. Sometimes there can be a few snags in terms of setting up your website, but once you get past that, it’s all smooth sailing.
What’s also to like about blogging is the fact that it’s very cheap to get started. You’ll only need website hosting and a domain, which usually come together as one. For getting started with hosting, you’re looking at $5-$10 per month. This is a price that just about everyone can afford.
In fact, it’s about the same as getting one or two coffees per month. When you look at it that way, you’ll see just how little of a price it is for starting your blogging side hustle. There are always ways to find ways to make the money, it just takes a little bit of creative thinking.
The blogging side hustle also comes with a huge benefit because it allows you to get organic traffic from Google. With this traffic, you can build an email list, send it to affiliate offers, or even monetize it with Google Adsense.
The YouTubing Side Hustle
Talk about another popular side hustle, and if you look at YouTube, then you’ll know exactly what I’m talking about. The main goal of this side hustle is to get in front of the camera and talk as much as possible about the topic that you’re passionate about.
So how much is this side hustle going to cost? Not a whole lot. First and foremost, you’re going to need some type of camera when it comes to recording videos. Here’s the good news, you either already have a camera, or it’s going to be free.
Most phones come with video recording features, and the same with laptop computers as well. Plus, there are plenty of free tools that you can use online to share and record your screen.
Lastly, you’ll also need some type of microphone in order to get the best possible audio. Once again, most phones and computers have some type of way of recording your audio along with your video. It’s pretty standard. If not, you can always purchase a microphone which can be around $20 or much less.
Talk about a minimal cost when it comes to doing something that excites you. As stated previously, these side hustles tend to be centered around something that you absolutely love talking about. However, side hustles come with quite a few more benefits than that.
Side Hustle Benefits And Conclusion
Other side hustle benefits include being your own boss and being able to control your own time. All you have to do is dedicate a certain part of your day to working on your side hustle, and you can earn money on demand.
Many people who work full time and commit to their own hustles also find that they make more money per hour than those individuals who work at a full-time job. This means if you take the time to work on your side hustles, it can benefit you in many different ways and can help you to establish true financial freedom.
One of the best side hustle benefits is the ability to have multiple income sources. If you work part-time but want to make money full-time, you can do so with a part-time job, and with a regular income from another side hustle source.
Finally, learning new skills is another one of the side hustle benefits. You may be great at selling something in a retail store, but being good at negotiating prices and handling customer orders could use a little bit of additional training. A lot of times, you can learn new skills every day, regardless of what you are selling.
If you want to take your business to the next level, you need to learn new skills every day. This will help you not only succeed with your side hustle, but in every other aspect of your life.
