Need a Side Hustle in Canada?
Side Hustle Meaning: A side hustle is employment beyond your regular career. It’s a sideline that earns income.
Learning how to side hustle is a hot topic. These gigs or pieces of work are quite easy to find. You can work from home for most of the typical jobs.
In this article, I’ll share some ideas and resources to get you started in the right direction. Who knows, perhaps you’ll be inspired to start on this path right away. Maybe side hustling will even replace your full-time income.
Side Hustle Ideas
Did you know that about 33% of Canadians have participated in a side business or the gig economy? Further, 41% of the employed population are already working more than one job. These statistics, provided by the Financial Post, suggest that having a side gig is the new norm. You should be no exception.
Living in Canada is expensive. Costly rental expenses in Ontario. Skyrocketing family costs in British Columbia. Regardless of where you live, we all can use some extra income.
Side hustle jobs have proven essential in countering financial constraints. You can rely on them to generate extra cash while pursuing your passion.
The big question will be which side hustle suits you best. The best side hustles for one person, may not be the best for someone else. When selecting a gig, consider your goals, interests, and abilities.
Are you seeking side hustle ideas? Here are a few invaluable insights into some options that could be ideal for you.
Create Content (Articles and Videos)
As they say, content is king. Are you into photography, videography, telling stories, or sharing information? If so, content creation is the right option for you.
Many people are now earning income from their pastime. They are writing articles, uploading photos, or making videos for different websites.
There are many opportunities and websites requiring content creation. You will do best to focus on specific niches.
You need to understand your target audience and what they will need. This way, it will be easier for you to come up with personalized content to suit them.
For instance, you could write about travel, fashion, or whatever you like. Make sure what you want will also capture the eye of a specific target audience.
Besides being passionate about a subject, you will need to conduct comprehensive research. It is through this that you will quench the thirst of your readers or viewers. Some of the sites that you could work with include HostelWorld, WritersLabs, and Strong Whispers.
Feel free to come up with your own blog too.
Online Surveys and Market Research
Are you looking forward to engaging in less time-consuming tasks? Online surveys will, indeed, come in handy for you. Online survey tasks are straightforward and involve answering a few questions about products.
Most often, you will sign up with particular websites first. These sites will send you different surveys, mostly questionnaires, to your email. Take the time to respond to their queries as honestly as possible, and then wait for your money.
It will be upon you to choose which products to focus on. Different websites concentrate on various products, and selecting the right one will be essential.
This gig is less of a career and more of a handy source of extra income. If you can do enough surveys, the money can mount up, and there are always plenty available. Sometimes the rewards are by way of gift cards. If you’re after cold hard cash, be sure to check the terms before completing the survey.
You won’t get rich from doing surveys online, but it’s easy and fast to get started. Make sure you are only dealing with reputable companies with reliable reviews. There are many scammers in this industry. Do your due diligence.
Some of the sites you could work with include Daily Rewards, Swagbucks, Survey Junkie Canada, and Pinecone Research Canada. Some of these companies pay you to test the product too.
You can hardly ignore how popular affiliate marketing has become. It is a valid option for all those who are ready to promote different products.
Usually, you will need to use your blog or social media handles to promote such products. It is after a sale is successful that you earn a commission. This commission can be quite lucrative.
Did you know that you could get comprehensive courses on affiliate marketing online? These courses will help in highlighting the various basics of this art.
It’s a good idea for you to start by marketing Canadian products. Marketing the local items is more comfortable because of how familiar you are with them.
Most sites embrace different structures of cost per action. Their commissions will be based on the cost per click, sale, lead, or call. Above all, ensure that you select a reliable and legit affiliate marketing. You could consider sites such as Rakuten, Clickbank, Impact Radius, and LinkConnector.
Use Cash Back Apps
Did you know that you could make large amounts of money by using apps to buy different stuff? Most cashback apps will provide savings on what you spend to buy groceries and other items.
Instead of buying from a shop, you will rely on these apps. You will access cashback links that connect you to specific retailers through the app.
For instance, you could install apps such as Paymi, KOHO, and Swagbucks on your smartphone or tablet. This way, you will be confident of getting nice returns.
Buying And Reselling
This is one of the simplest ways to make money on the side. It could be either a handy extra few dollars or a lucrative business if you find the right products.
There’s not much to it. Scour websites such as eBay or Amazon for new or used products you think are a bargain price. Then try selling them at a higher price to make a profit.
Buying low and selling high is hardly a new principle. The internet has made it possible for entrepreneurs everywhere to thrive.
You’re going to have to do your research if you want a substantial income. You’ll need to look through thousands of products seeking hidden gems. If you find an in-demand product for the right price, it can be very profitable.
Creating an online store is one of the most popular side hustles.
Many people have seen success in creating a website. That is, once they load it with products and fulfill the needs of a specific niche.
It can be a daunting prospect, though, and there is much to consider. How will you source your products and ship them to customers?
Dropshipping comes to the rescue. Dropshipping is an excellent option for you to avoid headaches and get started fast.
It’s a simple concept – set up your online store, then team up with a supplier who will fulfill and ship your orders. Here are some of the benefits of dropshipping:
- Minimal investment (don’t need to spend thousands manufacturing or purchasing goods)
- No need to store inventory yourself (can work from anywhere/save money on overhead)
- Scalability (suppliers deal with more orders, meaning you can expand without overextending yourself)
- Flexibility (sell what you want, find great niche products)
This doesn’t mean things are going to be easy. You will still be responsible for customer service; although you can outsource that too. Regardless, you will be accountable if things go wrong.
That’s why it’s crucial to team up with reliable suppliers with a proven track record. With effective marketing and a bit of luck, you could find dropshipping to be lucrative.
If you have a particular skill set, you may be able to make a nice income working from the comfort of your own home. Or on a tropical beach somewhere.
Copywriting. Web design and development. Graphic design, and much more. There are always clients looking to hire help for their website or publication.
You can approach local small businesses. Or, you can join any number of specialist sites that connect freelancers and clients.
There are many ways of finding clients online. Your effort can be quite lucrative if you know what you’re doing.
If you’re able to market yourself well, you can have a nice side income. You can even build an entire career through remote freelance work.
Flexibility is a massive benefit of freelance work. You can choose your hours and often handpick jobs that interest you.
How Much Can You Make From Side Hustles?
The amount of money you make will vary, depending on what you’re doing. While at it, the amount you spend on the activity will also matter.
Statistics by Small Business BC Canada state you could make from $17,000 to $100,000 yearly. This could be significant in addressing your different financial needs, including repaying debts.
You might need to fund some of your side hustles. For example, if you want to start a photography blog, you may need to buy more photography equipment. Then, there’s editing software and website hosting. Some expenses will be nominal, while others are less affordable.
The best way to fund such projects will be through earnings from your regular job. Regardless of how much you spend, you will be getting value for your money when you start bringing in some cash.
THE BOTTOM LINE
These are a few of the options for anyone looking for a convenient way of making extra money.
Working freelance or creating your own online business isn’t easy. If you value your independence and love being your own boss, then it can be gratifying.
If you do things right, you can even make a profitable career through side gigging.
- Take your time and have patience; you will succeed.
- Side hustles are fun and can also be distracting. Do not jeopardize your regular job.
- It could be tempting to take a loan to fund your side hustle but don’t. Commit to supporting such ideas from your pocket.
- Come up with a side hustle schedule and abide by it.
- Make revenue-generation your priority.
Do you see how side hustles can help you move forward financially?
Now could be the right time for you to think about setting up a side hustle for yourself.