Side Hustle Ideas For Making Money In 2020

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Whether it’s to gather and put towards funding your own independent business venture, or simply just to have a little bit more financial freedom to focus on yourself, we all could do with a little more cash on the side. For those looking to maximise their productivity, here are five side hustle ideas for making money in 2020 (and beyond!). 

One of the best places to start when thinking of ways to become more productive is by figuring out which of your passions that you can monetise and turn into a valid business, rather than something that you just do as a hobby. This could include anything from writing, to graphic design, to programming, to arts and crafts, and with online e-commerce marketplaces readily available in the modern day, it’s become easier than ever to start building and selling from your own digital storefront corner of the internet. If you want to make some extra room in your home, you could even kill two birds with one online stone and sell some of your old items on sites such as eBay or Gumtree, not only clearing space but also making some extra pocket money. 

Talented in a certain field, and have some knowledge that you think might have some worth? Remote consulting and coaching are also growing in popularity on the internet, and some are even doing it as a full-time gig. You might decide to condense some of your knowledge into a teachable course, or maybe even write some guides or e-books on your subject of choice... 

Spend tons of time trawling through social media, not achieving anything? Social media doesn’t always have to be a wasteful time sink, providing you use the right platforms. Daisie, for example, a relatively new social media platform that’s aimed at young creatives looking for feedback and collaboration opportunities, is a great way of finding inspiration for your next project. If you’re looking for your next gig altogether, LinkedIn is a good way of reaching out to different professionals within your field, and getting your name out there in a positive way, rather than through memes (however funny they may be). 

If you’re an investor looking for your next successful venture, or perhaps just have some money saved away that you want to put into something worthwhile (rather than leaving it to collect dust in a bank account), you might decide to put into purchasing an investment property. When ran properly as a business and taken seriously (without too much personal attachment) 

Property investment company RWinvest have shown some of the benefits of buying for buy-to-let purchases across the UK in their articles and guides, and state that “ when faced with the decision between unstable investment classes and a fluctuating stock market, the UK’s buy to let property market often comes out on top”. For more specific information on this investment strategy, as well as some pointers on some of the things to look out for along the way, perhaps start by checking out one of their numerous guides on the matter.

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