Today’s economic turmoil forces people to explore other roads in hopes of answering the age-old question, “how to make 6 figures with side hustles?” Side hustles are an excellent option for earning a significant income. While making six figures from any job can be quite difficult, it’s possible with a side hustle.
The idea is to find a side hustle that will eventually help you reach a six figure salary. But to do that, you need a few things. You need the right idea and strategy, the right approach, and the right mentality. Moreover, you need to know how much is six figures, to begin with. Simply put, six figures is a lot of money. Lacking any of these will result in failure to reach your financial goals. So, here are some of the best side hustle ideas to make six figures.
10 Most Profitable Side Hustles to Make 6 Figures
The options on our list can turn from a side hustle into a successful business if done correctly. Therefore, individuals should put in the work to eventually achieve a desirable level of success. Without wasting your time, below is our list of the ten most profitable side hustles to make six figures.
Freelance Writing
Freelance writing is an excellent side hustle that pays well. That’s because we live in a content-driven time, where businesses are encouraged to cater to consumers as much as possible. As a result, written content is one of the most popular forms of sharing information. Because of that, there’s a high demand for content writers, and you can write for a wide range of clients, including blogs, magazines, and businesses.
Becoming a freelance writer won’t be enough to make six figures. Instead, you need to use the knowledge and experience you’ve gathered to launch a digital marketing agency that focuses on helping businesses rank on Google. Writing alone can help you earn up to $100 an hour if you have a good writing portfolio and build a solid reputation in the industry. Multiply that by the number of hours you can work, and you’ll easily reach a six figure salary.
Social Media Management
As more businesses move their operations online, the demand for social media managers is rising. Social media managers manage a company’s social media accounts, create content, and engage with their audience. The role of social media in day-to-day business has never been more important. Social media allows businesses to communicate and engage with their customers. So there will always be demand for professionals to manage company social accounts and brands.
If you’re good enough and have experience managing accounts, you can earn up to $80 per hour. As with the previous side hustle, there’s always the possibility of creating a digital marketing agency that focuses on social media growth and development. If you’re good enough, it’s possible to make six figures by increasing your portfolio of clients and workload.
Web Development
Web development is another high-paying side hustle that can help you make six figures. The role of web developers is to build websites and develop web-based applications.
Web development is a highly rewarding profession that can begin as a side hustle and become a six-figure venture. For that to happen, you must develop the necessary skills and experience to create complex websites. Should you succeed, the possibility of making six figures is there.
Online Tutoring
The pandemic had a huge impact on businesses. But it also impacted schools and educational institutions. As a result, we’re entering a new world of online learning and remote working.
The setbacks have given life to a new type of education – online tutoring. Online tutoring is fast becoming one of the most popular side hustles. But it’s also a side hustle that requires the most work to succeed. The gist is simple; you tutor students on a wide range of subjects online. But it goes without saying that you need to be particularly skilled at a subject to drive profits.
Popular online tutoring subjects include math, science, and languages. But in addition to traditional subjects, we’re seeing online tutoring on other topics, such as business and marketing. The great thing about online tutoring is that you set your own rates and work as many hours as you like, making it a flexible and profitable option. In addition, online tutoring websites are becoming increasingly available to people worldwide, helping students find tutors easily.
Online tutors can scale their work and charge as much as $80 an hour. Like other profitable side hustles, online tutoring has the potential to earn you a 6 figure salary. But to achieve this income level, you must become an expert and a trusted source of knowledge.
Photography
If you have a passion for photography, you can turn it into a lucrative side hustle in no time. One way to get started is to work as a freelance photographer, shooting events, products, or portraits of clients needing your expertise and services.
Photography is also a side hustle that can eventually turn into a six-figure business. You can set up your own photography agency with a studio and a team of professionals ready to create memorable experiences for your clients. Photography work can easily earn you up to $200 per hour, possibly earning you a 6 figure salary over time.
Dropshipping
For many, dropshipping is the side hustle of choice. Dropshipping is an eCommerce business model that doesn’t require much starting capital. Unlike other eCommerce ventures, launching a dropshipping business allows you to sell products online without actually owning them. Therefore, dropshipping eliminates the need to own any inventory or physical space to store the items you plan on selling online.
The way dropshipping works is by re-selling items directly from suppliers and manufacturers. In the most literal sense, you sell for them and earn a profit from the markup. But dropshipping is far from simple to pull off. For starters, finding the right product to dropship is a must. You also need to build a digital storefront to sell effectively. But if you do it right, you can easily turn the side hustle into a six figure salary.
Consulting
If you have experience and expertise in a particular field, you can work as a consultant and advise businesses or individuals on a wide range of topics related to your profession.
You can become a consultant in any industry, making it one of the most easily accessible side hustles. But, again, you need the experience and expertise to back it up. Fortunately, earning potential is all the motivation you need to begin your consulting side hustle. You can charge a premium for your knowledge and experience; if you have a solid reputation, you can make up to $300 per hour. Do it right, and you’ll be earning 6 figures salary in no time.
App Development
App development as a side hustle is similar to web development in that you offer your development services to businesses and individuals to create applications.
Having coding experience is a must to begin your app development side hustle. But what’s even more important is having experience coding mobile apps. With that said, you can always learn from scratch. Once you amass some experience and knowledge, you can start offering your services as a freelancer or start your own app development business.
Many businesses and individuals are looking to create mobile apps to reach a wider audience or improve their operations. Depending on your level of expertise and the app’s complexity, you can earn up to $200 per hour working as an app developer in your free time.
Real Estate Investing
Investing in any form is considered a smart side hustle. But we’d like to turn your attention to real estate investing.
Real estate investing can be an excellent side hustle for those interested in the property market. The gist is simple; you buy and sell properties, rent condos and other properties, or flip them for a profit. With the right knowledge and experience, you can make significant gains quickly. However, doing your research and having a solid investment strategy in place is essential to ensure success and earn a 6 figure salary.
Personal Training
Lastly, if you’re passionate about health and fitness, you can be a personal trainer and help people achieve their fitness goals. Personal training has become a popular side hustle during the pandemic. As more people are looking to stay in shape and get healthy to mitigate the risks of the virus, they will naturally turn to professionals that mirror their ideal body of choice.
Working as a personal trainer allows you to work one-on-one with clients or in group training sessions. With the rise of online coaching and virtual training, you can reach a wider audience and earn a significant income. Depending on your experience level and the type of training you offer, you can earn up to $150 per hour.
Conclusion
Many side hustle ideas can help you make six figures. However, to succeed, you must choose the right hustle that matches your skills, experience, and passions. Regardless of the idea, the right strategy and hard work can turn your side hustle into a profitable and sustainable income stream.
FAQs
What is the Easiest Way to Make 6 Figures?
The easiest way to make six figures includes:
Freelance Writing
Social Media Management
Web Development
Online Tutoring
Photography
Dropshipping
Consulting
App Development
Real Estate Investing
Personal Training
What Jobs Make Six Figures?
Traditional jobs like surgeons and IT systems managers are some of the most profitable jobs that make six figures. However, you can start a side hustle, like app or software development and turn it into a six-figure job.
How Can I Make 6 Figures At Home?
Making 6 figures at home is possible if you put in the work. You can start working as a freelance writer, developer, or social media manager and scale operations by opening your own agency.
