Side Hustle Idea’s That Earn A Passive Income
You’ve probably heard the words Side Hustle and Passive Income all over the internet more and more lately. But what do people mine when they say them and how can you join in.
*This article contains affiliate links that earn me a small commission at no extra cost to you.
Here we will answer a list of questions including:
- Whats a Side Hustle?
- What’s a Passive Income?
- What is a good Side Hustle for a beginner?
- How much can I earn?
What is a side hustle?
A side hustle is any kind of job that you do on the side of your regular work. The idea is that with a side hustle, you can make more money and pursue your passions at the same time.
Side hustles are becoming more popular as people are now looking for ways to pay off their student loans or cut back on their hours at work.
Side Hustles are an opportunity for people to find out what they are passionate about, explore different career options, and make extra income.
It is important that if someone has a side hustle they enjoy it. Otherwise, it will be hard to continue working at it long term.
It’s important to remember that not every side hustle generates enough money by itself to become a full-time income.
What is a passive income?
Passive income is the act of making money without actively working. Passive income can be generated through investment, shares, blogging or other sources.
A passive income is money that you earn from something you that you have already done.
For example, if you wrote and published a blog post that has gained traffic. People then click on your affiliate links in the blog post and purchase something. You have now earn’t affiliate income which in turn is a passive income.
What is a good Side Hustle for a beginner?
There are so many side hustles that you can chose from. My personal favourites that I earn a passive income from are:
- Affiliate Marketing (linked to blogging)
A good example of an excellent refer-a-friend programme is the Freejackpot site. You can send to friends and family, as well as across any social media sites including your blog if you have one.
You earn a £2.50 gift card for signing up which is completely free. Then earn a further £2.50 for any future anyone you sign up afterwards. You can save up the money and get one large gift card when you are ready. A great way to save for Christmas or a holiday.
You also get entered into a daily draw for £250 and a monthly draw of 1 Million. Plus it’s a Cashback site. Win-win from every angle. Sign up here.
How much can I earn?
The sky really is the limit for earning a passive income from side hustles. It comes down to how much work you are prepared to put in in the beginning.
Obviously you can earn straight away with refer-a-friend programmes. I recommend you start with that.
Blogging and KDP take a bit longer but are definitely worth it if you can wait a while for the income to come in.
Good luck on your journey.
Looking for information on side hustles that could earn you a passive income? Then check out our article here.