How I Make $7,000 Per Month With My Side Hustle | My Debt Epiphany (2024)

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Today we have a guest post from Sa El.Sa El is the Co-Founder of Simply Insurance. He is a Licensed Life and Health Insurance Agent with over 11years of experience in the industry. He is an Entrepreneur, Insurance Educator, and Field Underwriter.

Deciding to start a side gig can be both exciting and scary, even more so if you are going into a field that you don’t know much about. But, what if I told you that I was able to start a side niche and on average, make $7,000 per month.

Today, I am going to share with you the steps that I took and in-general, what it takes to build your side gig.

Table of Contents

Step 1: Figure Out Your Gig

The first step you need to take, before doing anything, is to figure out what type of side gig you want to go into.

There are probably over a million things you can do; however, you probably want to start with things that you are good at.

You should ask yourself:

  • What do I enjoy doing?
  • What am I good at?
  • How educated am I on the subject?
  • Are there people already doing it and making money?

These questions are important because they will help you focus on what your side gig could be.

For me, I decided to be a freelance writer on the side, I was already writing heavily for my own blog Simply Insurance, and I also happen to be in the very niche insurance space.

I decided that my side gig would consist of me being a freelance insurance and personal finance writer.

I created a Hire Me page on my own personal blog that showcased my writing skills with articles.

Now that I knew what I wanted to do, my next step was to figure out how to make it happen.

Related:Finding the Right Side Hustle For You

Side Hustles Explored: How to Get Started With Freelance Writing

Step 2: Get Educated

Education is the most critical factor when it comes to anything that you do.

While I have over 11 years of insurance knowledge, I didn’t know the first thing about being a freelance writer.

The first thing I did was to get an education on it from a professional, so I purchased their course on how to make money with freelance writing.

The thing you must remember is that going to a traditional “School” for education isn’t always going to be the answer.

There is no one that you can learn from, better than someone already doing it and most of these courses aren’t expensive at all.

My course only cost me $200.00 and several hours of my time. I think it was well worth it seeing that it is has given me a substantial side-gig income.

If you don’t take anything from this post, just take away the fact that you shouldn’t do anything until you get educated on it.

Related:22+ Websites That Pay Writers for Guest Posts

Learn how Holly Earns $225,000 Per Year as a Freelance Writer

Step 3: Outreach

Like any type of business, once you get educated and know what is expected, you need to start reaching out to people for work.

You can use several platforms, but for me I used:

LinkedIn Pro-Finder

This option was great for me because people search for local writers to create things like books, blog posts, and ghostwriting jobs. Once the job is posted, you get to submit your proposal, and I was able to get some work through the LinkedIn Pro-finder tool.

Facebook Groups

Joining Facebook groups that are a part of your industry is essential. Over 60% of my jobs have come from people in Facebook groups that need my writing skills or from people in the group who can’t take on extra work and pass it along.

Becoming part of a community is very important, you can learn extra skills and also build relationships that help you get your side gig to the next level.

Problogger Job Board

Job boards are also a great way to find work, especially when you are first starting your side gig. For me, Problogger has a job board all about freelance writing so I can apply for jobs as I want daily.

Finding your mix of places on where to get jobs will be different, but using the above Ideas help you get on the fast track to building a steady side gig.

Step 4: Consistent Work

When you first start off, you probably won’t get top-dollar for any of your work, unless, like me, you are in a very specialized niche.

This is perfectly fine, you need to get some work under your belt and prove you can do the job. I used my portfolio of articles from my site and some guest posts that I had written in the past as proof of my work. A lesson I learned from the course I took was that you should set a daily goal and that would help you get to your monthly goal.

To make $7,000 per month, I needed to do $233.00 worth of freelance work per day. This work comes from both individuals and corporations, and in general, I am able to create the income that I want.

The best thing is that I can actually get ahead on my work and not do anything else in regards to freelance writing for the rest of the month. My average post is around 1,000 words, so it isn’t much to do more than one post per day if I wanted.

Taking Action

I started my side gig because I wanted to have additional money coming in along with my income from my blog. However, I never expected it to generate so much income monthly.

There isn’t any reason to hold back on starting your side gig, get educated and get started because no matter the industry you are in, someone else is already doing it.

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How I Make $7,000 Per Month With My Side Hustle | My Debt Epiphany (2024)

FAQs

What is the easiest and most profitable side hustle? ›

The easiest side hustles are those that allow you to work from home and on your computer. Things like freelancing, social media marketing, answering surveys, and proofreading for other small businesses are pretty easy side jobs from home that can still turn a nice profit.

How much money is a good side hustle? ›

The average monthly income of a side hustle is $483. 1 in 5 Americans report making over $15,000 a year from their side hustles. Side hustlers said they would need to make an average of $4,500 a month to consider leaving their full-time job.

What is a side hustle idea to make money? ›

Take Online Surveys

Many marketing research companies are happy to pay for your opinion on various products, systems and topics. This side hustle idea doesn't help you build your own business, but it's an easy way to make extra cash in your spare time.

How do you figure out what your side hustle should be? ›

  1. Identify your skill set. The first step to starting a successful side hustle is identifying your skills and interests. ...
  2. Research the market. Once you've identified your skill set, research trending platforms. ...
  3. Plan your side hustle. ...
  4. Set up your side hustle. ...
  5. Promote and grow your side hustle.
Sep 15, 2023

What side gig makes the most money? ›

These side hustles include:
  1. Marketing Strategy. This side hustle stands as the highest-paid side hustle of 2024, commanding rates of $178 on average. ...
  2. Mobile App Development. ...
  3. Presentation Design. ...
  4. Web Design. ...
  5. 3D Industrial Design. ...
  6. Brand Style Design. ...
  7. Packaging and Label Design.
Feb 28, 2024

How can I make $300 a day side hustle? ›

With effort and planning, you can realistically make $300 extra income in a 24 hour period.
  1. Driving for a Rideshare Service.
  2. Doing Food Delivery. ...
  3. Monetizing a Skill on Fiverr.
  4. Flipping Items. ...
  5. Doing Handyman Tasks. ...
  6. Participating in Focus Groups. ...
  7. Moving Help. ...
  8. Other Options.
Jan 22, 2024

What is the average monthly income earned from a side gig? ›

The average side hustle earns an average of $686 per month. Based on a survey of 1,006 respondents, this is what side hustlers are averaging per month. They warn that some higher earners push up the average monthly income for side gigs. That's because more than half of surveyors earn less than $200 per month.

How can I make $5000 a month on the side? ›

About a year later, I was making over $5,000 a month from freelance writing and was way happier than at my day job.
  1. Accounting.
  2. Graphic design.
  3. Digital marketing.
  4. Proofreading and editing.
  5. Social media management.
  6. Search engine optimization (I did this as well)
  7. Online tutoring.
  8. Paid advertising.

How to make quick cash? ›

How to make money fast
  1. Find out if you have unclaimed property.
  2. Sell unused gift cards.
  3. Trade in old electronics.
  4. Take surveys.
  5. Sell clothes and accessories online.
  6. Become a rideshare driver.
  7. 7. Make deliveries.
  8. Perform simple tasks.

How to make money and get paid the same day? ›

25+ Ways to Make Quick Money in One Day
  1. Become a rideshare driver. ...
  2. Focus on freelancing. ...
  3. Sell unused gift cards. ...
  4. Carsharing or parking spot rentals. ...
  5. Send app referrals. ...
  6. Find unclaimed money. ...
  7. Deliver groceries or take out. ...
  8. Sell your clothes online.

When should you give up side hustle? ›

Too Many Sacrifices

Side hustles demand sacrifices, Donovan said, such as missed family dinners, social events or even a good night's sleep. “It's essential to weigh these sacrifices against the tangible and intangible rewards.” If these sacrifices feel out of balance with the rewards, it's time to quit your side gig.

How can I make an extra $1000 a month? ›

Here are some realistic options!
  1. Freelance writing. Becoming a freelance writer is a lucrative way to produce extra income. ...
  2. Virtual assistant. If you're an organized person, then you could excel as a virtual assistant. ...
  3. Online English tutor. ...
  4. Data entry. ...
  5. Proofreading. ...
  6. Blogging. ...
  7. Social media manager. ...
  8. Resume writer.
Mar 19, 2024

How can I make $1000 a week on the side? ›

Here's a look at 30 of the best ways to reach your $1,000 goal.
  1. Freelance writing.
  2. Tutor online.
  3. Participate in online surveys.
  4. Join affiliate marketing.
  5. Sell your expertise online.
  6. Graphic design gigs.
  7. Become a virtual assistant.
  8. Invest in stocks.

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