A THRIFTY entrepreneur has revealed which side hustle beginners should pursue.
Andrea De La Flor is an affiliate marketer and claims her side hustle earns her between $4,000 and $5,000 a week.
Affiliate marketing can be attractive to pursue because there are low costs and low risks attached.
You promote businesses’ products in return for a commission, according to AhRefs.
Experts have said all you need to do is create a website and the business is easy to upscale.
Entrepreneurs also have flexibility as they can choose to promote as many or as few items as they want.
De La Flor also revealed there’s high-income potential associated with affiliate marketing.
The Wirecutter – a product review website – was founded by Brian Lam in 2011 and recorded revenues of $10million before it was bought by The New York Times in 2016 for around $30million.
Experts said: “You (Entrepreneurs) need to manage your expectations.
“The success of others tells you that with hard work, time, and the right knowledge, you too can potentially reach those levels.”
De La Flor also advised future businesspeople to avoid potential side hustles such as cryptocurrency and dropshipping.
She described digital currency markets are “too volatile” and entrepreneurs that pursue a career in dropshipping face high competition.
Dropshipping is a retail business where you provide items from the manufacturer to the customer.
Influencers have revealed how they’ve made extra cash from their side hustle.
An entrepreneur, known as Raiken Profit, launched an online business selling books as he couldn’t stand a 9-5 job.
He said that he had to make a change as he "felt like an animal locked in a cage".
He scans the bookshelves at thrift stores, looking for items that he can sell online.
Raiken Profit has claimed his margins now stand at between 35-40 per cent and wants to earn a whopping $40,000 a month.
He is exploring new ways how to source items as he wants to grow his business.
The businessman has offered a series of tips for budding entrepreneurs who want to pursue a similar side hustle.
He urged people to visit their local thrift store, adding it is “one of the keys to being successful as a bookseller”.
Raiken Profit said entrepreneurs should look for fiction and nonfiction books and avoid the types that are mass produced.
He also urged them to invest in a Bluetooth device that can scan books rapidly.
The Sun has revealed eight side hustles that can bring you some extra cash, particularly as inflation continues to rocket.
One potential gig is selling stock photos.
Stock photo companies will pay photographers to post their photos to their sites.
Websites like Shutterstock and Depositphotos are always looking to expand their collection of copyright-free images that can be used by users like bloggers and marketing teams.
Photographers submitting their photos can make anywhere from $200 to $500 a month depending on the amount and quality of the photos they submit.
Those who like transcribing audio might be able to rake in a whopping $3,000 a month.
Mom-of-three Mona Mejia told The Sun that she tends to make between $8,000 and $9,000 selling clothes online.
And, a TikToker, known as Amzpatharris, has claimed he makes thousands of dollars every month thanks to an Amazon side gig.
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