Top 6 Side Hustle Ideas; The Cheap and Affordable Business Plans

Top 6 Side Hustle Ideas; The Cheap and Affordable Business Plans

Written by Alison Lurie, In Business, Updated On
September 8th, 2023

There is a famous saying – “if you are a job person, then you are just one step back from poverty.” Due to this poverty fear and to save more and more, many of us wanted to start a side business.

But business means – lots of investment capital, dedication, hard work, and last but the most important, your priceless time.

Did you know? There are a lot of side businesses that you can start even without leaving your bread and butter. Yes – and by the end of this blog, you will be able to make a decision either which side of the business can be an option for you to go with.

So, whether you are a job person – looking to start your side business or a student looking to start your passive income to bear your mistakes on your own.

Let’s not waste time; get on the blog, and here we go!

Let’s Move to Our Top 6 Hustle Free Business Ideas

Affordable Business Plans

Since this blog is your business guide, we will be discussing the top 6 hassle-free side business ideas. Let’s jump to business number one!

Freelance Services

In this digitized realm, we all are aware of freelancing opportunities; if you are not availing of this, you are definitely missing out on the safest passive income option. There it stands at the top of our cheap and affordable business plans.

Starting with the formal definition – so nobody has left out.

Freelancing is a versatile option that allows you to leverage your skills and offer them to clients worldwide. Whether you’re a writer, graphic designer, web developer, or social media manager, there’s likely a demand for your expertise.

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All you need is a computer, an internet connection, and the relevant software. Websites like Upwork, Fiverr, and Freelancer make it easy to connect with clients seeking your services.

For instance,

If you have a flair for writing, consider offering content creation services. Blog posts, articles, and website copy are always in demand.

Just build a portfolio by creating samples on topics you’re passionate about, and use platforms like Upwork or Fiver to find clients willing to pay for your writing skills.

Online Tutoring or Teaching

Since form covid-19, online education has got a boom. With this boom, a huge demand for online tutoring has been created.

So, if you’re knowledgeable in a particular subject or skill, online tutoring or teaching can be a profitable side hustle.

With video conferencing tools and online learning platforms, you can connect with students around the world and share your expertise.

In short, you can easily transform your knowledge and skills into an everlasting ATM machine.

For instance, if you’re fluent in a second language, you can offer online language lessons.

But how and where could you provide your tutoring services?

There are lots of Platforms available, like italki and Verbling, that allow you to create a profile, set your rates, and teach students who want to learn your language.

On the other hand, you can also go with a YouTube channel –  but your earnings would get started after your channel monetization.

Laser Engraving

This might only sound like a horrifying business, but in reality, it’s not as Laser engraving has become increasingly popular as a side hustle due to its creative and personalized nature.

You can engrave designs on various materials, such as wood, metal, glass, and leather. While a laser engraving machine might seem expensive – but there are more affordable options suitable for beginners.

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For instance;

You can offer personalized gifts such as engraved keychains, wooden signs, or custom glassware for special occasions.

If you have little social media skills (everybody has), Utilize social media platforms and online marketplaces to showcase your work and attract customers.

Drop Shipping

With the peak of online shopping platforms like Amazon, Alibaba Express, etc. Drop shipping has also raised his head. If you don’t know about drop shipping – you might be wondering; What is drop shipping exactly?

Dropshipping is a business model that permits you to sell products, even without holding any inventory. When a customer makes a purchase, the product is dispatched directly from the supplier to the customer. This means you work as a middleman – but nobody knows it.

This is one of the best options – as it eliminates the need for storage space and upfront inventory costs.

Build an online store and partner with suppliers who offer dropshipping services. Focus on a particular niche, such as fashion accessories like jewelry, scarves, or hats.

Where to do this?

Use e-commerce platforms like Shopify or WooCommerce, Ali Baba, and Amazon to set up your store.

Affiliate Marketing

Have you ever heard about commission or reference perks? If yes, affiliate marketing is the other name for it.

In formal words;

Affiliate marketing involves publicizing other companies’ products and acquiring a commission for each sale induced through your referral. However, It’s a low-risk way to earn money by leveraging your online presence and marketing skills.

Here is the way to that.

Picture this; Considering you have a blog or a social media following, you can become an affiliate for bookstores like Amazon.

You can write engaging book reviews and include affiliate links to the books you recommend. When readers purchase through your links, you earn a commission.

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 Print-On-Demand Business

On our list of cheap and affordable business plans, this stand might at last but yet most important.

If you haven’t heard about this type of business – have a look here.

Starting a print-on-demand business allows you to create custom-designed products without the need for inventory.

You design the products and a third-party handles production and shipping when customers place orders.

Have you ever worn any of your own desired printed shirts? Or printed Coffee mugs or slippers – these types of businesses are working on demand print.

Picture this; Create unique t-shirt designs around a specific theme or niche.

For this, you utilize many platforms available out there, like Printful or Teespring offer integration with e-commerce platforms, making it easy to add your designs to products and sell them online.

What You Are Waiting for –  Launch Your Side Hustle

Before diving into any of these cheap and affordable business plans, it’s important to do your research and plan your approach. Identify your target audience, research the market demand, and consider how you can distinguish yourself from competitors.

Additionally, set a budget for any initial expenses, such as tools or software.

Remember, the key to thriving in a side hustle is consistency and quality. Dedicate time to your venture regularly, and prioritize delivering value to your customers. With dedication, creativity, and a bit of entrepreneurial spirit, you can turn your affordable side hustle into a profitable venture that brings in extra income and opens up new opportunities. However, if you don’t like our above-mentioned cheap and affordable business plans, you may enlist any trusted business plan writing services provider near you.

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