10 of the most lucrative side hustles right now – MoneyMagpie
With the cost of living ever rising, more people are turning their downtime into profit-making opportunities. There are countless ways to earn an income from home. If you are a regular over here on MoneyMagpie, you’ll know we love bringing our readers ways to make extra cash. However, one trend is making a significant impact on the side hustle scene right now: domain flipping.
Gone are the days when domain names were just addresses for websites. Today, they are digital real estate, and the art of domain flipping has become a lucrative side hustle that you can master in your pyjamas. Compared to other ventures, domain flipping offers a unique blend of creativity, strategic thinking, and the potential for significant returns.
While traditional side hustles like freelance writing, virtual assistance, and affiliate marketing are still thriving, the digital landscape has paved the way for new, dynamic opportunities that challenge the status quo. From becoming a self-published author to diving into the world of affiliate marketing, here are some of the money-makers you can do from the comfort of your home.
Become a Self-Published Author with Amazon KDP
Use Canva’s vast library of templates to design engaging workbooks and calendars. Once your designs are ready, create an Amazon KDP account and upload your work. With Amazon handling printing and shipping, you earn a 35% royalty rate on books priced below £2.35, or above £7.86.
Create Unique Merchandise on Etsy
With Canva, design attractive mugs, t-shirts, and accessories, then sync your designs to Etsy via Printful. As an all-in-one solution, Printful takes care of printing and shipping. Site like eRank.com can help to optimise your Etsy listings and boost your store visibility (which means more money for you). As a bonus, beginners receive 40 free listings!
We have a great article about making money from personalised items here.
Affiliate marketing on social media
Join affiliate programs from your favourite online stores, choose a product, and promote it on your social media platforms. Your earning potential varies with experience: beginners can earn up to £787.03 per month, intermediates £787.03 – £7870.30, while advanced marketers can rake in over £78,703 monthly, according to Authority Hacker.
Read our article on making money on social media here.
Music Reviewing: Earn Up to £163.70 Per Day
Platforms like Slicethepie.com and Playlistpush.com pay you to listen to and review songs. It’s a fun and relaxing way to earn money from your bed. We have a whole article about ways to make money listening to music, too!
Virtual Assistant: Earn Around £120.42 Per Day
Put your organisational skills to use by becoming a virtual assistant on platforms like Fiverr and Upwork. It’s a flexible way to earn money from home. Find more about becoming a virtual assitant here.
Selling Designs: Make Around £53.52 Per Day
Sell your original designs on platforms like Etsy and Dazzle.com. Whether it’s digital art, graphic designs, or print templates, there’s a market for your creativity.
Freelance Digital Marketing: Up to £393.51 Per Day
With platforms like Fiverr, you can offer your digital marketing skills to businesses worldwide. It’s a great way to monetize your marketing knowledge and experience.
Watching Ads: Earn About £78.70 Per Day
Websites like Inboxdollars.com and Mypoints.com pay you to watch ads. It’s a simple and straightforward way to earn extra money in your spare time.
Transcription Writing: Earn Up to £2361.09 Per Month
Platforms like Fiverr and GMR Transcription offer various transcription jobs, including text-to-text, video transcription, and English/Spanish transcription. It’s a flexible and rewarding side hustle if you’re a fast and accurate typist. Find out more about finding transciption jobs in the UK here.
If you’re a keen writer, we have plenty of ways to make money writing here.
Domain Flipping: £236.11 – £1,180.55 Per Month (for Beginners)
The latest side-hustle trend is domain flipping. SEO experts and domain investors purchase keyword-dense domain names, enhance their search engine rankings, and sell them for profit. With platforms like Justdropped.com and Flippa.com, even beginners can start earning between £200 and £1,200 per month. As seen on TikTok, domain flipping has transformed the side hustle scene, offering substantial earnings without leaving your bed.
Here are some key factors to consider when searching through free domain lists:
- Domain Popularity (DP): This metric refers to the number of backlinks pointing to a specific domain. More backlinks often signify a more popular domain.
- Expiration Date & Availability Status: Some free domain lists feature domains that are about to expire. You can check the expiration date of any domain using Whois.
- Domain Registrar: This is the company that makes the domain available to the public. Some well-known registrars include GoDaddy and SnapNames.
- Domain Age: This is the duration for which a domain name has been in existence. While older domains can have more authority, they might be less relevant in search results. Look for domains between five and ten years old to strike a balance.
- Keywords: If you’re looking for a domain for a specific purpose, consider those that include relevant keywords.
- Backlink Profile: Domains with high rankings usually have a good number of backlinks. Beware of expired domains linking to spammy or foreign websites, as these can lower search engine rankings.
- Anchor Texts: Check the anchor text associated with a domain’s links. If a website has relevant content and each link uses appropriate anchor text, your SEO value could increase.
- Historical Data: Using Wayback Machine, you can access a domain’s content to understand the types of content previously used on the site.
- Search Engine Optimization (SEO): This is the practice of enhancing a website’s rankings on search engines like Google and Bing. SERP tools can give you insights into a domain’s Google rankings, page rankings, and average web traffic.
And the best part? You can explore these facets of domain hunting without leaving the comfort of your bed.
Do you have a side hustle? Let us know in the comments below!