Did you know that a side hustle is more than just another stream of income? It’s also the new job security!
If you are new here, hi I’m Julia. I’m a freelance designer + developer, side hustler, and blogger behind Happier Freelancing.
I’ve been freelancing for a few years now. I work on a project-by-project basis like work for 3-6 months and then take a vacation for 3-6 months before return to work for another 3-6 months.
This freelance lifestyle has a flexible work schedule, but no stable monthly income. Therefore, I need to make supplemental income to maintain a reasonable living.
In this post, I’ll share my side hustle income and how it grew from time to time. I hope this report helps you to get some ideas about your side hustle or online business.
The Income Streams I’m Working on Right Now 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, what is supplemental income?
Supplemental income is money you earn in addition to your regular paycheck.
Whether you are rich or poor, an employee or self-employed, a college graduate or not, supplemental income could be your first step to financial freedom.
Why is that?
Millions of Americans lost their job with employer health coverage during a pandemic and no one can have too much income diversity. With the economy shaky, a side business can be a great source of extra income to pay down debt, save money and invest.
My goal is to make an extra $1000 a month from side hustles
I started my side hustle journey back in 2015 to cover college expenses. At the time, I worked as a full-time software developer and had no time for another part-time job. I wanted to make extra money from home.
I spent an average of 10 hours a week on my side hustle project and made $635.84 a year at first. It’s $1.30 an hour and way below the minimum wage. But I didn’t quit. I kept doing what I can do. After 3 years of side hustling, I started to make $12-$19 an hour from home. It’s slow progress but still not so bad outcome. I believe any kind of progress is better than no progress at all. The important thing is to keep moving forward.
As of 2020, my goal is to make an extra $1000 a month from side hustles. I feel like I need another 5 years to achieve my goal. lol
Here is my overall progress
I have already subtracted all the business expenses. These are net income.
- eCommerce $23,908.60
- Blogging $806.05
- Investing $240.78
- Fiverr $120
- Rakuten $989.50
- Mr.Rebates $292.23
- Ibotta $67.79
Total Net Income: $26,424.95 as of 2020
Yearly progress and monthly breakdown.
|Year||Yearly Net Income||Monthly Net Income|
How it all got started and grew
I started to sell pre-owned clothes and handbags on eBay. It was also a part of my spring cleaning.
- eBay $623.29
- Rakuten $12.55
Total net income: $635.84
In 2016, I tried Tradesy. It is an online peer-to-peer resale marketplace for buying and selling women’s luxury and designer contemporary fashion. I liked the platform a lot but didn’t like their customer service. Tradesy, pass.
I started to use Mr.Rebates for my online shopping. It’s a cashback app like Rakuten. I usually compare the cashback rate between Rakuten and Mr.Rebates and use a better cashback rate.
- eBay $886.27
- Tradesy $354.14
- Rakuten $38.21
- Mr.Rebates $13.98
Total net income: $1,292.60
I started Dropshipping in 2017 but it was in the red first year. Dropshipping was a little tricky at first, but I learned a lot of things from my mistake.
I also tried Fiverr, and affiliate marketing through social media. I quit them after a couple of months because they didn’t fit in with my lifestyle at the time. I had to prioritize my college and a full-time job instead of working for $5 gigs.
- Dropshipping -$398.13
- eBay $1,349.62
- Poshmark $91.82
- Affiliate $304.50
- Fiverr $120
- Rakuten $19.77
- Mr.Rebates $32.20
Total net income: $1,519.60
Dropshipping business started to work well in 2018. I’ve researched and tested how to build a successful online dropshipping business A LOT. If you are interested to run Dropshipping business, check this post.
- Dropshipping $5,773.29
- eBay $1,457.53
- Poshmark $280.64
- Rakuten $152.19
- Mr.Rebates $45.87
Total net income: $7,709.52
I worked so hard on Dropshipping to cover ridiculously expensive study guides and software at college in 2019. Some of you may know, I did pay all the college expenses out of my pocket. No student loans. I already had a mortgage at the time and no extra money for another debt. I’m so glad that Dropshipping worked well.
I didn’t expect it at all, but I started to earn dividend income in 2019. I felt pretty good about this little surprise!
- Dropshipping $6,993.40
- eBay $1,214.73
- Poshmark $583
- Dividend $240.78
- Rakuten $352.84
Total net income: $9,384.75
My Dropshipping has been seriously damaged by the pandemic. Most of my Dropshipping customers live overseas. Worldwide shipping delays dropped sales drastically.
- Dropshipping $2,378.14
- eBay $1,108.12
- Poshmark $1,212.92
- Sponsred Posts $328.48
- Affiliate $173.08
- Rakuten $413.94
- Mr.Rebates $200.18
- Ibotta $67.79
Total net income: $5,882.64
Extra $500 or $1000 per month can change someone’s life.
Earning a little extra might not seem like much, but a few hundred bucks a month for a decade may lead you to financial freedom.
What is your side hustle and how do you do it?