A couple of weeks ago, I’ve created a massive list of gig economy jobs for extra income that include 94 gig jobs. I’ve tried 8 of them in my spare time between 2015 and 2019, then earned over $20K net income. You probably think it’s not a lot of money, but extra cash always helps.
Note: This is my side hustle income. Not freelance income. I’m not going to share my freelance income online (:
So how do I side hustle?
Here are my 8 sources of side hustle net income between 2015 and 2019.
- Dropshipping $12766.69
- eBay $5531.44
- Poshmark $955.46
- Tradesy $354.14
- Affiliate Marketing $304.50
- Fiverr $360.78
- Rakuten $575.56
- Mr. Rebates $92.05
Total Net Income: $20542.31 (already subtract all the business expenses)
How I Made Net Income of $20K+ in Side Hustle Click To Tweet
DISCLOSURE: This post may contain affiliate links, meaning I get a small commission if you decide to make a purchase through my links, at no additional cost to you. Please read my full disclaimer here for more info.
First, Why Did I Start a Side Hustle?
Side hustles, are they necessary? It’s really up to you.
I wanted to go back to school without any student loans. At the time, I already had a mortgage. I didn’t need another debt, so I started a side hustle.
In the first year and second year of my side hustle journey, I only made less than $2000 a year. Yes, it’s a little but making money online didn’t require special skills. I was shocked in a good way. There are tons of tools & resources for online business on the internet. These new platforms and services made online business much easier than back in the old days.
I investigated multiple online businesses and gig economy jobs. As a result, my side hustle income grew little by little.
In 2019, I earned a Bachelor’s degree while working full-time without any student loan. I paid for everything out of my pocket. Side hustle definitely helped me to pay for tuition and expensive textbooks. (can you believe it, A textbook was $500)
Earning extra cash in a side hustle won’t make you a millionaire, but a few hundred dollars a month can bring you choice. It allows you to make smarter decisions.
Here are my 8 sources of side hustle net income and details.
#1 Dropshipping, net income $12766.69
Dropshipping is selling products without having an inventory.
I started the dropshipping back in 2017. In the first year, I made a deficit because of the shipping fees. In the second year, I calculated all the expenses carefully and then income grew little by little.
If you want to make money with dropshipping, I highly recommend learning about graphic design.
Why? The buyer can’t see the actual product online. The seller needs to explain the product details using images. (sizes, colors, textures, how it looks like in person, etc.) Even though you write a detailed description, some people don’t read it carefully and complain about the products.
Maximizing customer satisfaction makes an important contribution to maximizing profitability as well as make your dropshipping business different from competitors.
#2 eBay, net income $5531.44
eBay is an excellent side hustle for the person willing to put in a little extra work for fast cash. You can buy and sell almost anything on eBay! It’s an international marketplace and some people make money by selling broken items. I’ve been selling unwanted clothes, handbags, shoes, accessories, and electronics on eBay since 2015. I just sell whatever I don’t need it anymore on eBay, so it’s not a steady income. (but fast cash!)
#3 Poshmark, net income $955.46
Poshmark is a social commerce marketplace where people in the United States can buy and sell new or used clothing, shoes, and accessories, etc.
Just like eBay, I sell whatever I don’t need it anymore on Poshmark. I like Poshmark more than eBay because of the “seller protections.” If you are curious about the difference between eBay and Poshmark, please check the previous post “Poshmark vs eBay: Which Is the Best Site for Selling Used Clothes?“
#4 Tradesy, net income $354.14
Tradesy is an online peer-to-peer resale marketplace for buying and selling women’s luxury and designer contemporary fashion.
I sold my designer handbags on Tradesy once. I liked the user-friendly platform and business concept. However, I don’t recommend using Tradesy because of its bad customer service. Tradesy will take around 20% from your sale as a commission. For example, Tradesy will take $100 as a commission if you sold a $500 handbag. That’s a lot. I expect better customer service.
#5 Affiliate Marketing, net income $304.50
Affiliate marketing is the process of earning a commission by promoting other people’s or company’s products/services. You find a product you like, promote it to others, and earn small percentage of the sale as commission.
The simple formula of passive income with affiliate marketing is PV x CTR x CVR. Yes, the formula is simple but it’s difficult to make it happen. If you want to know more about PV x CTR x CVR, please check the previous post “How to Make Money with Affiliate Marketing?” Most of the affiliate marketing courses on the internet will teach you this Passive Income = PV x CTR x CVR.
#6 Fiverr, net income $360.78
Fiverr is an online marketplace for freelance services. You can sell a wide variety of digital services on Fiverr. My first gig (digital service) was “3 Pinterest image for $5.” Guess what? People ordered it A LOT and requested revise endlessly. I had to keep my customers happy even though it’s only a $5 project, so yeah… I worked too much.
All of my customers were happy. They left me 5 stars, but I wasn’t happy at all. LOL
I stop using Fiverr since then. You need to be very strategic to make money on Fiverr. (price setting, research competitors, create services that worth the time, etc)
#7 Rakuten, net income $575.56
Rakuten is a cash-back shopping site where you can earn 1% to 25% on purchases you make from more than 2,500 online retailers. It’s a cashback website, so you don’t have to work.
I downloaded Rakuten free browser extension to get automatically notified when cashback is available, so I don’t miss the cashback. It looks like this:
#8 Mr. Rebates, net income $92.05
Same as Rakuten, Mr. Rebates is a cash-back shopping site where you can earn 1% to 25% on purchases you make from more than 2,500 online retailers. Mr. Rebates also offers a free browser extension to get automatically notified when cashback is available. I compare the cashback rate on Rakuten and Mr. Rebates, then use the better one. Cashback won’t make you a millionaire, but it much better than paid online surveys.
I highly recommend using both the cashback websites.
I spent an average of 10 hours a week on my side hustle. Is it hard? Not really. As you can see, most of my side hustle is online selling which does not require much skill and time to start. Once items are live online, I just wait and wait until it sold. Packing and shipping are not difficult jobs either.
Now, it’s your turn! What income streams are you working on now? Share your thought below or mentioned me on Twitter. I would love to hear your story.