Have you ever thought of starting a side hustle? I heard of the term “side hustle” for the first time in 2020. In the growing freelance economy, more people have left their day jobs to take their side hustle full time.
It can happen to anyone who puts the time and effort into learning a new skill or leveraging their current passions. The great thing about a side hustle is the flexibility and you can do it on your own time. Here are a few side hustle ideas I list below just for fun:
Want to create entertaining memes and get paid for them? That’s a side hustle.
Have you ever purchased a printable on Etsy? Another side hustle idea.
Want to teach a course on Udemy about blockchain? Also a side hustle idea.
The point is there are millions of ways to make money. We live in the most privileged time of history. The world of crypto opens a whole new pathway of side hustles for people looking to work in the industry.
Some side hustles in the crypto industry that can make you extra cash this month include Freelance Writing, NFT designing, Affiliate Marketing, Trading, and Coding. Let’s see how to get into each of them and what you can earn!
Because crypto is a new space, there’s a huge demand for content creation and learning. This opens up a market for writers.
Many companies hire freelance writers for contract positions where they pay by word or article.
There are many types of writing: copywriting, blog/article posts, white papers, and press releases for example. If you have a knack for writing, you can utilize LinkedIn or websites like Upwork to find jobs.
How much can you make? The sky is the limit when it comes to freelance writing.
More experienced writers make thousands of dollars per month. Upwork lists writers that charge $10 per hour and up.
If you’ve always loved art and design, a really fun side hustle is becoming a graphic NFT designer.
Anyone who is starting an NFT project needs help implementing their vision into a visual. This can range from designing logos, avatars, virtual clothing items, GIFs, and collectible items.
The best way to get started is to have a portfolio that you can present to potential clients and market your services on social media or Upwork.
How much can you make? Upwork lists NFT designers that charge $30 per hour and up.
Affiliate marketing is a marketing method in which you promote products/services through social media or your website to make extra money or earn commissions.
Many exchanges like Coinbase or Binance have an affiliate marketing program where you can sponsor their products to earn cryptocurrency. Here are some steps to getting started:
When you promote their cryptocurrencies or products through a link/tag, you can earn a commission.
This is an easy and quick way to earn money if you have a decent size following or some traction on your website or articles.
Although trading is an intricate craft, it can get you some great profits. Don’t go into it blindly, make sure you know what you’re doing, many people have lost a lot of money, but many have also earned a lot.
The average successful trader makes 10% on their account year-over-year, so if you have a decent sum of capital, some good emotional control, and technical understanding, this may be the way for you.
It certainly is the most difficult one to keep up as a mere side hustle, since it requires time, energy, and understanding to perform, but it might just be the most lucrative one for someone who has the right skill set.
Try it with a small sum of money, or even better try paper trading. Paper trading is trading with fake money, you can test your skill in the market without losing anything!
One thing is for sure, the reality of trading is harsh. Trading is not gonna serve as a get-rich-quick scheme for most people. If you think you’re gonna be successful immediately without effort, you’re mistaken it’s gonna be hard to get into, but has proven to be very lucrative for some individuals.
Some ways to begin learning are through courses, although much is available on YouTube. Ultimately, the best way to learn is of course practice.
Every crypto project needs coders and higher coders for small and large projects on a whim.
Anyone with coding skill is immensely needed in the cryptocurrency space, so if you know any coding at all this is the path for you.
Some companies will interview you and give you a programming test. If you pass they can find your contract work at a pay of maybe $60 to $100 per hour - depending on your skills and qualifications.
It’s certainly possible to use this as a side hustle, just learn to code, get decent at it and find a place to higher you for some contract work.
Some good resources to learn to code include
There are a lot of creative ways to make money in cryptocurrency, and these are just a few ways. Find what you like best and ask around.
The crypto community has many roles that have to be filled and another list just like this can be made with ease, these are just some of the most lucrative and exciting side-hustles to get into.