With the introduction of AI (artificial intelligence) in 2023, side hustles look slightly different now. Most AI softwares have or will replace side hustles like virtual assistance and writing blogs. At the same time, AI makes ways for side hustles to be more manageable by automating mundane tasks. Having said that, side hustles provide a much-needed financial relief and become an outlet for creativity and entrepreneurship.
Without further ado, let’s find out how to find a high profit side hustle in 2024:
1. Find Your Strengths and Interests
Most successful side hustlers first started by using their strengths and skills. It makes sense because you spend very little time learning how a particular side hustle works and more time on finding your audience and building a marketing strategy.
2. Understand the market
You need to listen to the market, what their needs are, what they are looking for, and how you can help them. Take the case of Pack ‘n Stack, who noticed a growing interest in eco-friendly moving options. Capitalizing on this trend, she started a side business renting out reusable moving boxes. It not only reduced cardboard and tape waste produced but her clients spent less time packing their house.
3. Use Digital Platforms
Firstly, identify platforms that align with your business. For example, Instagram and Pinterest are excellent for visually-driven side hustles related to art or fashion, while LinkedIn is ideal for professional services. Create engaging content that showcases your products or services, and use targeted hashtags to reach a broader audience. Engage with your followers to build a community around your brand. Also run a low budget paid ads campaign to spread awareness.
4. Consider Low Investment Options
Freelancing, for example, often requires just your skills and a computer. Same goes for virtual assistance and AI-related data annotation jobs. Use part of the profit earned to reinvest in your side hustle for sustainable growth.
5. Network and Collaborate
Networking can lead to unexpected opportunities. Through networking, you can partner up with local brands that can collaborate with you during holidays and even sponsor community events.
8 Top Profitable Side Hustles in 20241. Virtual Event Planning
Online gatherings are here to stay. Virtual event planning is in demand, involving organizing and coordinating webinars, virtual conferences, and online workshops.
Estimated Monthly Earnings: $1,000 – $3,000
2. Moving Box Rentals
Rent out industry-grade plastic moving boxes or bins for a fixed period of time to eco-conscious clients. They will save them time and money while reducing one-time use waste including cardboard boxes, packaging paper, and tapes. Carrie’s Courses offers an excellent 14-week side hustle course focused on starting a moving box rental side hustle. For more details, visit their website.
Estimated Monthly Earnings: $1,500 – $4,000
3. Personal Grocery Shopper
Shop and deliver groceries for those who are busy or unable to do it themselves, a service especially valuable in urban areas.
Estimated Monthly Earnings: $800 – $2,000
4. Mobile Car Detailing
Offer car cleaning and detailing services at clients’ locations, providing a convenient service that saves customers time and effort. Target busy professionals, young parents, or elderly who can’t always visit the detailing shop due to many issues.
Estimated Monthly Earnings: $1,200 – $3,500
5. Online Tutoring
Provide tutoring services in a subject you are knowledgeable about via online platforms, particularly profitable for subjects like mathematics, science, and languages.
Estimated Monthly Earnings: $1,000 – $3,000
6. Custom Meal Prep Services
Prepare and deliver customized meals for clients, focusing on dietary preferences or restrictions like vegan, keto, or gluten-free.
Estimated Monthly Earnings: $1,500 – $4,000
7. Eco-Friendly Home Cleaning
Offer home cleaning services using environmentally friendly products, appealing to health-conscious and eco-aware customers.
Estimated Monthly Earnings: $1,000 – $3,000
8. Drone Photography Services
Offer photography services for events, real estate, and commercial projects. You will need to invest in a drone and possess advanced to professional skills to produce quality drone footage.
Estimated Monthly Earnings: $1,500 – $4,000
For more side hustle tips and advice, visit Carrie’s Courses blog.
