4 Online Business Ideas You Can Launch On The Side

4 Online Business Ideas You Can Launch On The Side

There’s a difference between making money and building wealth. If you want a stable financial future, you need to focus on the latter. Making money is typically when you trade your time for money. Clock in, clock out, then collect your paycheck. It’s safe and reliable. Building wealth is very different. It requires you to invest both time and money into something that may or may not appreciate. The more you risk, the more your potential reward.

The truth is, it’s becoming harder to put away money every month. The income from your job alone just won’t cut it anymore. That said, you need to be exploring other options. Luckily for you, there are plenty of ways to earn extra cash each month without leaving your job. Here are four online business ideas you can launch as a side hustle.

Freelance writer

Every company could use more content. Whether it’s for their company blog, social media channels, or just general marketing material it needs to be written. That said, these companies don’t always have the internal resources available to create this content. In fact, many would rather outsource it to a freelancer.

If you’re confident in your skills as a writer, this is something you may want to pursue. Write for companies that are in industries you’re an expert in. Use it as an opportunity to expand your knowledge and help others. If possible, try to get an author bio in their company blog so you can promote your personal brand. If things go really well, you may even become an industry influencer. The greatest part about freelance writing is that you can do it completely on your own time. This makes it a wonderful opportunity to launch on the side.

Website ‘builder’

I know you’re probably thinking you’re unqualified for this one because you don’t code. That’s where you’re wrong. Notice the quotations around ‘builder’, I did not say or mean developer.

Website builders like Squarespace, Wix, WordPress, and Weebly give you tons of tools to create beautiful websites. In addition, they are meant for non-technical business owners. That said, you don’t need to be technical to manage or build them. The key here is that many business owners don’t have the time to build their own website, even using one of these tools. Instead, you can be the one to build their website.

College consultant

It’s no secret that parents will shell out thousands of dollars to better their child’s chance of getting into a top university. Because of this college consultants can make a killing.

In order to be a college coach however, you need to have the credentials. For example, you need to have gone to a top tier university with stellar grades and honors. In addition you need to stay up to date on the various application processes for different schools. You need to know about financial aid programs as well. The more of the “thinking” you can take off the parents and the applicant, the more you’ll fill your pockets.

Cryptocurrency trader

[Disclaimer: Nothing in this article is to be construed as investment advice. Invest at your own risk after doing your own research. This author owns a small amount of cryptocurrency.]

If you have access to the internet, you know about cryptocurrencies. You’ve probably read a few crazy stories about people making money trading cryptocurrency. The truth of the matter is, it’s definitely a legitimate opportunity. That said, you need to treat these digital coins like any other speculative investment. Never invest more than you’re willing to lose.

For starters, you need to learn as much as possible about cryptocurrencies before investing. You need to be able to determine what’s real and what’s “too good to be true”. I suggest staying up to date with the latest news and regulations around it. It’s quite an interesting space, and it’s definitely an opportunity to put some extra cash in your pocket.

To wrap things up, you need to create multiple streams of income to build real wealth. For starters, I suggest trying one of the four online business ideas listed above. If anything, it’ll give you some extra cash each month to put towards another investment.

Posted by John Rampton   |   April 3, 2018   |   Share on: