2020 has caused a massive shift in our daily lives, and more so our means of income. Many businesses have closed down, while others have been fortunate enough to continue operations, albeit adapting to new normal practices to adhere to public health and safety protocols.
In the midst of all this, a new breed of innovators and hustlers have sprung up, continuously striving and refusing to be pinned down by the global health and economic crisis. These hustlers are the people whose focus is on making the most out of the resources they have as they march onto 2021 in full gear and battle-ready.
If there’s one thing that 2020 has taught us after all, it’s that nothing is absolute and that there is nothing wrong with being prepared. In this article, our goal is to guide you through some of the most commonly asked questions about side hustles in the Philippines.
How can I make extra money in the Philippines?
Businesses are often the solution to making extra money, whether you’re in the Philippines or elsewhere. Contrary to popular belief, however, this doesn’t have to be too costly. Aside from brick-and-mortar and online businesses that sell tangible products, outsourcing has also become a norm, causing service-based businesses to thrive. The beauty of this is that most of these can now be done from home!
Is it possible for me to earn extra money while working full-time?
Absolutely. The best thing about running your own business is that you get to set your own schedule. Side hustles are called “side hustles” for a reason: these are things that you can do on the sideline while you continue moving forward with your regular routine. You just have to make sure to keep your priorities straight and know when to set aside one thing to make way for the other – otherwise, all the hard work would have just been in vain.
Is a side hustle worth it?
We can’t really tell you straight out whether it is or it isn’t, because the answer to this question really depends on you. Weigh out the pros and cons to having a sideline before jumping into it, and consider important factors such as your goals (both short- and long-term), your priority, your schedule, and your physical and mental wellbeing, among others. Only after you’ve cleared this up will you truly understand whether a side hustle at this time is worth all the effort.
What are the most profitable side hustles?
When you’re 100% sure that a sideline would bring about more pros than cons, it’s time to figure out which one fits you best. There are tons of side hustle ideas out there, especially now that almost everyone and everything have gone digital. And because we love you, we’ve compiled a list of our top 10 side hustle ideas for the Filipino raket-eer.
1. Start a dropshipping business.
Perhaps one of the best side hustle jobs you could explore would be drop shipping, which allows you to sell products directly to your customers without having to keep an inventory as your supplier or manufacturer does this for you and even sends the products out directly to your customers.
Clearly, this is a huge benefit for you as it keeps your risk low since you don’t need to spend a huge amount of money as an initial investment for your sideline. Moreover, you can simply focus on the lifeblood of your business – marketing and customer service. Get these right, and you’ve got yourself a good way to scratch that entrepreneurial itch of yours.
2. Explore freelance writing.
Another good raket idea if you’ve got the knack for proper spelling, grammar, and punctuation would be freelance writing. While this side hustle may be a time-consuming task and therefore limits how much you can make in a month, it’s also a good way to predict how much you can make and set your eye on that goal.
The important thing is for you to know and understand your value. Don’t be afraid to charge the amount that you deserve, because good clients are always willing to give credit where it’s due.
3. Open a home bakery.
Many people have stepped up their Philippine raket game and have been sharing their baking prowess to others and establishing their very own home bakeries online. While it may become tiring as orders start to pile up, you can set a cap on how many orders can be placed depending on how many items you can make. The best thing about this is that it’s fun to do, and is a sweet way to share the love amidst the pandemic.
4. Re-sell your pre-loved items on Carousell.
If you’ve got tons of clothes, bags, shoes, or other items that you don’t even use anymore but are still in good condition, selling them on online platforms such as Carousell could be the answer to your side hustle problem. It’s like hitting three birds with one stone: you’re helping others get good items that they probably need at a great price, you get to declutter, and you get to earn, too! What’s not to love about this sideline?
5. Be a personal shopper.
Sometimes, clothes and grocery shopping can become a chore, especially when you’re not sure about your sense of style, or you just have no idea how to get the best deals in the market. This is where a personal shopper comes in, and it could be you.
Especially now that most people prefer to stay at home and stay safe, it’s gotten doubly hard to purchase items that people can’t physically see. Sidelining as a personal shopper allows you to help people get their money’s worth as you enjoy browsing around for the best bargains and deals for your clients.
6. Become a transcriber.
If you don’t have the patience to write or the knack for marketing, you can also opt to transcribe. There is a ton of content that needs to be translated into paper such as movies, TV shows, interviews, lectures, vlogs, and more.
You can either look through transcribing sites online that offer hundreds to thousands of transcription jobs for freelancers, or you can reach out to YouTube personalities and other content creators who might need your transcribing prowess.
7. Sell downloadable content.
In this digital age, digital content has perhaps one of the highest demands in the market, as literally almost everything has gone virtual. Some examples of this that people are more than willing to pay for are invitation templates, customized gift wrappers, sewing patterns, social media graphics, and more.
What’s great about this side hustle idea is that you don’t need to invest too big an amount just to keep your business going. All you have to do is let your creative juices flow and make sure that you’ve got your printer, ink, and printing materials ready for the incoming orders.
8. Refer agents to interested home buyers.
This is one legit side hustle that doesn’t require any form of capital at all. The process is simple: all you need to do is find someone who’s interested in buying a home, and refer them to a reliable and trustworthy real estate agent. If things work out, you get to earn a huge commission, too, depending on your arrangement. It’s that easy!
9. Try your hand at building online stores.
With the rise of the digital platform, it’s become much easier to sell and establish your own store, albeit in a digital set-up. It’s more cost-effective, if you ask us, because you won’t have to spend a big amount of money on brick-and-mortar locations, which means it’s less risky for you.
There are a ton of platforms you could choose from to start. One such platform is BigCartel, which is perfect for beginners as it offers a FREE plan with templated layouts for up to 5 items or products, with one photo each. If you’re the more serious type of entrepreneur who is a little bit more familiar with the technicalities of managing a website, Shopify is the e-commerce platform of choice.
10. Scout for online odd jobs.
Don’t see anything in the list that seems to work for you? You can also check out online job sites like Fiverr, which is pretty much like Craigslist, and offers various odd jobs here and there that can be done remotely. Some popular professional services on demand on Fiverr are logo designing, WordPress management, voice overs, and video explainer creation.
But that’s not all that’s there! You’ll find that there are a myriad of jobs that people are hiring for, and there’s bound to be something there that would best fit your skills.
BONUS: Hold masterclasses and help upskill people.
Do you want to share your skills and knowledge with a thriving community of eager learners while meeting a variety of people from all walks of life? Click this link to learn about how you can become an experience provider at SHOOR. SHOOR provides end-to-end production for all its experience providers, so you can just show up and get teaching!
Looking for more tips about getting your hustle on? Get tips on the best ways to make money in the Philippines by checking out this class about starting a business during the pandemic.