3 Side Hustles You Can Do From Home

In these uncertain times, it’s all the more important to secure a source of income. Findings from the Australian Bureau of Statistics show that in April last year, nearly 600,000 Australians lost their jobs. The youth sector suffered greatly, with its unemployment rate rising by 2.2%, bumping it up to 13.8%. Such complications make it difficult for many to earn their keep, especially Australians in their 20s or 30s, who should be investing in themselves and their future.

Luckily, there are plenty of side hustles available for those looking to improve their financial situation. Best of all: Most of these jobs can be accomplished from the safety of your own home. This is likely a safer alternative to working at an office. And for those residing in areas like Victoria, remote work might be the only option, as the state still has restrictions on office work, including a 25% attendance limit.

Now, without further ado, here are three side hustles you can do from the safety of your home:

1. Apply for freelance gigs

If you have skills in coding, writing, graphic design, or anything that can be done remotely, then you’re likely to find a job in the freelancing industry. Though it might be difficult to snag jobs at first, it can prove to be a highly profitable side hustle once you’ve made a name for yourself.

To get started, create an account on a reputable crowdsourcing website, like Upwork or Fiverr, then ensure that your profile highlights your skills and experience. This way, potential clients are more likely to hire you. The more appealing your credentials, the better your chances of finding a gig.

2. Get into online trading

When the pandemic shut people inside their homes, many decided to try their hand at online trading. According to a report on ABC News, the number of new trading accounts that opened daily more than tripled in a space of a few months. And it isn’t surprising to see why.

The great thing about online trading is how accessible it has become for the average investor and trader. This is made possible by the dozens of online guides and tutorials, as well as various analytical tools that don’t require a finance degree to understand. The FXCM Trading Heat Map tool outlines the ‘biggest movers’, which are assets that are getting a lot of interest from other investors. You can see how assets like currencies, cryptocurrencies, and commodities compare in terms of market performance, which allows traders to make informed trading decisions.

To start your side hustle as a trader, do some research on the available markets, as each one operates under distinct rules. It would be a good idea to practise trading on demo accounts before staking your capital in the real markets. This gives you a general idea of how that specific market works. Remember: It’s all about taking calculated risks.

3. Start an online business

There’s a wide array of things you could sell online, and multiple platforms to set up shop. Amazon and Etsy are popular choices for online marketplaces, but you can also establish your online shop on social media websites, like Facebook or Instagram.

As for your products, you could sell pre-loved items, like old clothes, books, or video games amongst hundreds of other things! Alternatively, you could create your own — homemade t-shirts, handmade accessories, or recycled crafts.

Whatever you choose to sell, you’ll have to devote time and effort to grow your online presence. Luckily, there are plenty of free tools that can help. HootSuite’s Social Media Listening platform is just one of many. It provides easy access to your business’s social media accounts, allowing you to schedule posts and see which of them are doing the best in terms of engagement. With quality products, the right marketing strategy, and some perseverance, you have a greater chance of turning a profit!

Finding the right side hustle takes time, so don’t be afraid to dip your toes in a couple before deciding on the one you prefer. With some patience and persistence, you can start earning without ever having to step out your front door!

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