What is the Most Profitable Side Hustle Business to Start?

A number of aspiring online entrepreneurs often ask the question, “What is the most profitable side hustle business to start?” In this blog article, I’ll answer the question and show you how to get started on a budget as well. You’re not going to break the bank to start your own business and make money on the internet.

 

As a matter of fact, with less than $50, you can start a side hustle business successfully which will earn you revenue in millions of dollars as quickly as possible. A lot of people underrate this business money spinner because they believe it’s the hardest to implement on a daily basis.

 

Let’s get to the basics!

 

What is the most profitable side hustle? The answer is simple and straightforward. It’s a side business you can do to solve specific problems for a target group of audience who are willing and able to pay for the solution. That is it; no more, no less!

 

And the larger your target audience and the more evergreen the niche is, the more money you’ll make over a long period of time. This is why certain niche markets will not go away any time soon in terms of making money such as business, investment, get out of debt, travel and tour, health and wellness, beauty and lifestyle, marriage and relationship, and so forth.

 

Your first task or assignment is to find out how you can become a problem solver or solution provider for your target audience in an area of your passion, interest or experience. After that, you’ll use a simple system and platform to deliver the goods to these desperate buyers who are looking for an expert to listen to.

 

With that said, let’s look at a typical example to drive home the point about what the most profitable side hustle business is. Like I said earlier, you can get started with less than $50 but it comes with a dose of hard work at the beginning.

 

The answer or solution is simply based on my personal experience which I’ve also collaborated with other successful online business owners. In fact, I got motivated based on what I saw other successful online entrepreneurs were doing to make money online, month after month without fail.

 

As I discovered, every entrepreneur who decides to use this system to create brand awareness for his business always get results through increased revenue and profits. It doesn’t matter whether you’re a freelance writer, content creator, web designer, virtual assistant, digital product creator, publisher, author, just name it. It works for everyone!

 

You can use this 6-step system to get started.

 

1.  Decide on a side hustle business idea you want to start
2. Identify problems in your target niche
3. Make sure there is enough demand for your solution if you decide to create it
4. Build a website as your business office or gateway to deliver the solution
5. Use your website to promote your solution
6. Make money online on the side

 

Now, I’m going to break it down and discuss each step in the above system for you to understand the nuts and bolts of how it works.

 

Step #1: Decide on a Side Hustle Business Idea You Want to Start

 

This is the first step of the process. You’ve to decide on what you want to do online to make money. Are you good at content writing? Why not look into starting a freelance writing business? There are internet entrepreneurs and webmasters that would gladly hire you to write content for them. Your content writing services will get high paying clients if you can prove it that you are better than others.

 

Majority of internet entrepreneurs don’t have the time to write content or the writing skill to research and create high quality SEO articles. Even in this age of AI writing tools, some online business owners still find it difficult to humanize the content after it has been spurned out by artificial intelligence tools.

 

Your task is to identify your digital skills or forte and use it as a service to earn money online. This is not just for freelance writers but it applies to any business idea you’re contemplating to start.

 

Step #2: Identify Problems in Your Target Niche

 

Let’s continue with our earlier example of a freelance content writer for hire. Your primary goal is to provide freelance writing services to internet business owners who need content for their blogs and websites. With this in mind, ask yourself what specific areas can you be of help to them?

 

Are you good at writing blog posts? Do you’ve copywriting skills? Do you see yourself ghostwriting books for busy people like celebrities? What about providing content strategy and content marketing services as a package? The list goes on!

 

The truth is that anywhere you can identify a problem, there is always the need for solution. You can make use of available keyword research tools and questions and answers sites to gauge the demand of a service or product you hope to offer or sell.

 

Step #3: Make Sure There is Enough Demand for Your Solution if You Decide to Create It

 

You’ve to validate the viability or profitability of all side hustle ideas which you want to venture into before you step your foot at the door. This will give you an assurance that your effort, energy and money investments will not go down the drain.

You need enough leads or prospects to market your product or service to. A good rule of the thumb is to build an email list of subscribers from scratch in your target niche and send them questionnaires or surveys to gauge their interest or needs.

 

But you can only do this with a good list building software. An autoresponder will enable you to collect email address of every potential customer in exchange for a gift. It will also help you to communicate with them with high impact content, promote products and services as well as nurture your leads.

 

Step #4: Build a Website as Your Business Office or Gateway to Deliver the Solution

 

This is where this system gets interesting. As you’ve guessed, you need a platform to host whatever content, product or service you want to sell or promote to your target market. A website is like your digital shelf to display your goods and wares for the global public to see.

 

If you fail to invest about $50 (Fifty Dollars) to build a website that will enable you to make money online, you’re not ready to start side hustles yet. Seriously! But what you may not even realize is that creating a blog with self-hosted WordPress.org can double as your website.

 

Starting a blog website will make it easy for you to manage your online business ideas in one place. Even if you don’t have any side hustle ideas to choose from at the moment, you can go ahead to start a blog and start learning the ropes of blogging. Just pick a niche topic, register a domain name and get web hosting to create a blog.

 

If you ask me, starting a blog and blogging consistently is the most profitable side hustle because from your blog you can turn any idea into a business if it resonates with your target niche. A blog is your personal diary of communicating with the world on topics of interest and getting opinions and reactions from your readers.

 

What you need to create a blog is just to register a domain name and buy web hosting from a reliable website hosting company. If you sign up with a web hosting company that supports WordPress hosting, you’ve no problem building a website even as a beginner. You don’t need to hire a web designer to build a blog or website. With WordPress CMS software, you’ll be able to install template or theme to represent your blog website.

 

For less than $30 for the first year, Namecheap web hosting will provide you with a platform to create a blog on a self-hosted WordPress CMS platform seamlessly.  

 

I wrote a simple guide to help you register a domain name and buy web hosting from Namecheap from this link. You can download it, read it and use it as a guide to set up your blog in a matter of minutes.

 

Step #5: Use Your Website to Promote Your Solution

 

In case you are not aware yet, your blog website is your online marketing platform which you can use to achieve your business goals in the long term. It’s your virtual advertising billboard, so to speak. You can always channel targeted traffic from various sources such as social media, guest blogging, forum posting, etc, to your blog and convert them to take specific action.

 

The best way to get started is through blogging and content marketing. And if you’ve fully optimized your on-page SEO, every off-site blog promotion you engage yourself in will give you maximum results ultimately.

 

But you’ve to make sure you’ve social share buttons on your blog website to make it easy for your readers to promote your blog in their networks and connections on your behalf.  

 

Email marketing is one of the best ways to promote your website and/or product or service to your targeted followers who have opted to sign up for your newsletter. But you need to subscribe to an email service provider to be able to use their software or app. GetResponse email marketing software has a free autoresponder for new subscribers to test the waters from this link.

 

Step #6: Make Money Online on the Side

 

At this level, you should be receiving traction and targeted website traffic on a consistent basis. Your task now is to monitor your metrics or analytics and make necessary improvements. However, you should be aware that promoting your blog should be on a consistent basis and not by fits and starts.

For me, creating a blog and constantly publishing content on it after doing on-page optimization is the best and most profitable side hustle to make money online. Monetizing a blog that is receiving targeted visitors monthly with ad networks and affiliate links is enough to pay the bills and invest.

 

In other words, your blog will serve as an online marketing platform and asset for you to promote, digital skills, sell digital products, promote affiliate products, enter joint ventures (JV), and so on. This has been the secret to my successful digital marketing efforts on the internet.

 

Your feedback and comments are highly welcome and appreciated!