Side hustles for working women are becoming more of a necessity than ever. More and more women I know are looking for ways to supplement their income.
When you consider how an increase in the cost of living affects your budget, you can see why so many wome are looking at side hustles.
The cost of living in America has climbed 14% over the past three years according to a the Bureau of Labor Statistics Consumer Price Index
And a knock-on effect of this increase in the cost of living is that many people are being forced into debt in order to make ends meet.
As of last year (2019), outstanding consumer debt exceeded $4 trillion for the first time, according to the Federal Reserve and will no doubt grow with the excess money entering the system in 2020.
It’s no joke anymore. As living costs rise, people are being plunged into a dark pit of debt.
The good news though is that it doesn’t have to end in a debt trap. There are plenty of fantastic side-hustle options for females that can help you to generate extra income.
So read on for 15 fantastic side hustle options that can help you in the quest to live debt-free!
Affiliate marketing is an excellent way for women looking to make some money online. As more and more people look for side-hustle options, this is one area that is bound to grow.
According to Forrester Consulting, the U.S. affiliate marketing industry is expected to reach $6.8 billion by 2020.
Let’s take a look at what affiliate marketing is for those who are unfamiliar with it. Affiliate marketing is when you promote and market another company’s product online.
To do this, you first sign up as an affiliate and receive an affiliate code. For every product you promote that’s sold, you receive a commission.
When deciding on a product to market, you first need to spend a little time researching your niche (area of interest you want to target).
This can feel a little daunting but don’t despair. There are specific niches that are popular and profitable. These include health, money, gaming, hobbies, just to name a few.
The key is to find an area of specialization within one of those niches. An example of a niche you could market is weight loss. For many people, particularly women, losing weight is something they are desperate to do.
A search on google reveals that in 2018 the Ketogenic Diet was the most googled diet. So within the niche of weight-loss, you could focus specifically on the Ketogenic diet or some aspect of it.
A great example of affiliate marketing done right is Hosting Foundry which provides high-quality reviews on website hosting websites.
However, the best way to learn about affiliate marketing is by doing it learning from the best training courses.
Now that we’ve looked a little at what affiliate marketing is let’s explore the advantages and disadvantages of affiliate marketing.
Amazon, the largest online retail platform is definitely not an option to be overlooked!
When you consider that more than 66% of the top 10 000 sellers on Amazon use FBA, then you realize it’s time to take a closer look at the FBA option Amazon offers.
So what exactly is Amazon FBA? FBA stands for Fulfilment By Amazon. The way it works is like this: You ship your products to an Amazon warehouse and market them as usual on Amazon.
When you get an order, Amazon takes care of everything from packaging and shipping to providing 24/7 customer care service for your product.
This is an excellent option for people selling many products on Amazon because they take all the stress out of getting the products to your customers.
You may be wondering how to decide on a product niche. This can be challenging, but there are tools that can help you with this.
Amazon provides its bestseller lists for products in its various categories. Browsing through these can give you some insight when selecting your product.
Another option you can look into is Helium 10 which is a product research tool for Amazon. They even have a free chrome extension you can use to see how competitive a market is.
In keeping with the weight-loss theme, an example of a product you could sell on Amazon is a Keto BHB supplement. You could source a quality producer in the USA and market it world wide.
Since Amazon FBA can be quite complicated, we recommend learning from some of the best FBA training courses as mistakes can be very costly,
Let’s look now at the advantages and disadvantages of using Amazon FBA.
This is an excellent option for women who love writing and have a way with words!
According to Statista, “The number of bloggers in the U.S. is set to reach 31.7 million users in 2020”.
The fact that there is such a vast number of people blogging means that there will always be a need to find writers who can create blog posts. This is where you come in!
So what do you need to know if you are looking at becoming a freelance writer as a side-hustle? To get started, you need to have a computer and a good internet connection.
The skills you will need as a freelance writer include:
There are various options in terms of finding work. You can work through a freelancing platform like Upwork, which is a platform that connects freelancers with clients needing work done.
Other options include FreelanceWriting.com, which is a free job board and Content, which is a paid job board. With a little time and effort, you will soon be able to find freelance writing opportunities.
Let’s take a look at the advantages and disadvantages of being a freelance writer.
Do you have specialized knowledge you can share with others? Or is there something you’re passionate about?
Maybe you’re passionate about natural health or a particular hobby or craft. You can package that knowledge into a book and sell it on Amazon Kindle.
Consider this statistic related to Amazon Kindle for a moment:
According to Forbes: “Amazon’s US and worldwide Kindle book sales grew in 2017, and continue to grow in 2018”.
Amazon is the world’s largest online shopping platform, and Amazon Kindle provides a fantastic avenue through which to self-publish and sell your book. It’s free and available to anyone who wants to self-publish eBooks and paperbacks.
Consider the following advantages and disadvantages of Kindle publishing:
This is an excellent option for women who own properties. You can rent them out as holiday rentals through Airbnb.
Airbnb has more than 150 million users worldwide in more than 65 000 cities. It’s a lucrative platform to be part of!
Airbnb is a platform that connects people who are looking for accommodation with those offering it. It’s well-known, reputable, and trusted and a great way in which to generate some extra income on the side.
Let’s take a closer look at the advantages of Airbnb to help you make a more informed choice as to whether this is the right side hustle for you as a couple.
“The global online education market is projected to witness a compound annual growth rate of 10.26% during the forecast period to reach a total market size of Us$286.62 billion by 2023.”
Online learning is just going from strength to strength. It’s an area you should investigate when considering a side-hustle.
When considering what topic to choose for your online course, think about what you are passionate about and in what area you have expertise.
Health is a popular niche, for example. However, because it’s so popular, there will be lots of competition. Try to find a specific focus within the general niche of health and consider developing it into a course.
Let’s take a look now at the advantages and disadvantages of creating an online course.
With most families these days being two-income families, there will always be a need for cleaning services.
Between work commitments, attending to their children’s needs and everything in between, most women are finding it very challenging trying to balance housework in that mix.
According to a report by Ibisworld, “the residential cleaning service franchises Industry in the U.S. had a total revenue of $943 million in 2019”.
Clearly, this is a huge industry, and it is an opportunity for you to start your own cleaning service.
By sourcing excellent and reliable people to do the house cleaning and putting them in touch with the people who need house cleaning services, you will be able to run this business easily as a side hustle.
Let’s look now at the advantages and disadvantages of starting your own cleaning service:
If cooking is something you love to do, and food is your thing, then starting your own catering business may just be the right thing for you!
When you take into account that the “Caterers market size in the U.S. in 2019 is $11.5 billion” then you can see there’s a gap here for a side hustle!
With the hustle and bustle of everyday life, it can often be challenging for women to find the time to prepare dinner. Making use of a catering service can be an appealing option for them.
Remember, however, that there’s much scope within this industry. You are not just restricted to catering meals. You can offer catering for birthdays, weddings, and even corporate functions. There’s plenty of scope, and it’s up to you!
Let’s take a look now at the advantages and disadvantages of doing catering as a side hustle.
When you consider that “The global revenue of the market research industry exceeded 45.8 billion U.S. dollars in 2017,” then it’s apparent that this is an excellent option for a side hustle.
It’s as simple as it sounds. You sign up with a survey company like paidsurveys.com or use a site like onlinesurveyspaid.com that gives you lists of companies that offer paid surveys.
Once you’ve signed up, you take the surveys and are paid accordingly. You can earn anywhere between $1 to $20 per survey. As a quick option to earn some cash on the side, it’s worth looking into.
What then are the advantages and disadvantages of taking surveys as a side hustle?
According to Ibisworld “The total revenue in 2019 thus far for online tutoring services is $608m”
Whether you opt for being an online tutor or working face-to-face, this is a great option to consider as a side hustle.
An example of a company you can join up with to work as an online tutor is Yup. They offer 24/7 online tutoring covering all maths concepts right up to Calculus AB. You will need to take exams to check your competence and can earn between $13-$17 per hour.
Let’s look a little closer look now at the advantages and disadvantages of offering private tutoring.
According to Statista, “It is projected that in 2027, 86.5 million people will be freelancing in the U.S.” The freelancing industry is only set to increase, so why not take the opportunity to create a great side hustle from freelancing?
Fiverr is an online platform through which freelancers can offer their services to clients needing them.
They offer a wide array of services, some of which include social media services, copywriting, virtual assistant services, and many more. It’s a terrific platform through which to find work.
Let’s take a look at the advantages and disadvantages of working as a freelancer.
According to Statista, “It is projected that in 2027, 86.5 million people will be freelancing in the U.S.” The freelancing industry is only set to increase, so why not take the opportunity to create a great side hustle from freelancing?
Fiverr is an online platform through which freelancers can offer their services to clients needing them.
They offer a wide array of services, some of which include social media services, copywriting, virtual assistant services, and many more. It’s a terrific platform through which to find work.
Let’s take a look at the advantages and disadvantages of working as a freelancer.
This is a great option you can pursue after-hours or on weekends. UberEats is a food delivery service that delivers take-out to customers.
Restaurant online ordering statistics currently show 31% of all U.S consumers say they use third-party delivery services at least twice a week.
There’s a gap here for a side-hustle as a driver for UberEats.
The requirements to become an UberEats driver are as follows:
So how does it work? Firstly, you need to sign up with UberEats as a driver. If you are already an Uber driver, you simply open your Uber Driver App and sign up there.
If you’re not an Uber driver, then you’ll need to create an account and provide the documentation required which includes your driver’s license and insurance details.
Bear in mind that they will also do a background check on you. Once this is done and you’ve passed the examination, then you are able to fill in your application. Now you can download the app and start delivering!
Let’s take a closer look now at the advantages and disadvantages of delivering take-out.
On Linkedin alone, there are 790 jobs currently offered for house sitting. Yes, this is an area to consider as a side hustle.
And yes it is as easy as it sounds. As a housesitter, you stay over at the client’s house to take care of their property and animals.
According to Payscale, the average salary for housesitting is $11.79 per hour. Housesitting from time to time will add to your income.
House sitter America is an example of a platform through which you can find housesitting work.
What are the advantages and disadvantages of housesitting?
According to Consultancy.org, “The size of the global market research industry grew by 6% to $76 billion in 2017”. And with that comes the need for people to participate in marketing focus groups.
So what exactly is a marketing focus group? A marketing focus group is when people are chosen according to specific criteria (according to the needs of the research focus) to give feedback for market research for various products, services, etc.
Engage is an example of a marketing focus group focusing on consumer and healthcare research. In exchange for providing feedback for them, you can expect to earn between $50 – $250.
What then are the advantages and disadvantages of participating in a marketing focus group?
There you have it! There are many excellent side hustles for women out there that with diligence and effort, you can turn into fantastic side hustles that can generate you extra streams of income!
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