How you can start making more money in 2024!
In 2024, ways to boost your income are more abundant than ever, whether you want to add to your main income or build passive income. With digital tools, growing industries, and creative ideas, it’s easier to find what works for your skills and lifestyle. We are sure you will find something that calls out your name. Let’s get into 20 ways to make more money this year! For more comprehensive strategies on managing and growing your finances, check out our article on Personal Finance Management in 2024: A Complete Guide.
1. Start a Freelancing Career to kick off your earning more
Freelancing is a great way to earn more money in 2024, especially if you’re searching for freelance jobs online for beginners. Platforms like Upwork and Fiverr help you get clients and allow you to work on projects from home (isn’t this the dream?). We suggest that if you’re wondering how to start freelancing with little to no experience, you should focus on building a good portfolio that shows your skills/abilities.
2. Launch a Dropshipping Business
Are you looking to start a dropshipping business in 2024? Well, platforms like Shopify let you sell products without having to hold onto so much inventory. Having said that, you will have to be able to identify trending products to break into the best small business ideas for passive income at this time. Going forward, you also will need to be able to leverage social media for marketing and ads. With low start-up costs, dropshipping can be ideal for you if you’re exploring creative ways to earn extra income.
3. Make more by Selling Handmade Products Online
If you have a hobby where you craft something then maybe selling handmade crafts online can be a rewarding way to add creativity and income. Platforms like Etsy can be used for sellers who are offering unique, and custom items. Have you been considering how to start an Etsy store? If so you will have to focus on high-quality photography, increase your knowledge in the ever-important SEO, and be able to create optimized product descriptions to attract buyers looking for your unique goods!
4. Become a Virtual Assistant
A Virtual Assistant is among the best side hustles for 2024, being able to work remotely with opportunities that give you more flexible hours. You can either be managing social media accounts or handling someone’s emails, this side hustle is perfect for anyone looking for remote jobs you can start today. Showcase your skills in organizing and explore platforms like Upwork to get started.
5. Teach or Tutor Online To Earn More Income
Online tutoring has truly become a viable option for those who are looking to earn money working from home. VIPKid can help allow you to teach students online around the world. Would you like to know how to make money online without experience? Maybe you should think about creating your courses on Teachable or Udemy, focusing on skills you’re passionate about.
6. Rent Out a Property or Space
Maybe you’re a property owner, we suggest that you start thinking of how to rent out your property, which hasn’t been easier with new tools like Airbnb. Short-term rentals are a great choice for earning some passive income ideas with little investment. Make sure that your property stands out by adding key amenities and creating a safe, welcoming, and comfortable space for your future guests!
7. Start Making Money Off Your Hobby
Can the hobby you love to do be monetized? If so, looking into how to monetize your hobbies in 2024 could bring you great value. Your hobby can vary from photography to gaming and can be turned into some pretty cool and creative ways to earn extra income. Selling some stock photos you have taken on Shutterstock or streaming games on Twitch. Building a niche (specific area in which you’re looking to target) audience can help maximize your earning potential while doing what you truly love to do.
8. Create and Sell Digital Products
Another way to make more money in 2024 is through Digital products that can sell well online, these things can include e-books or templates. Through Digital products you can generate passive income with little to minimal ongoing effort. Being able to create and sell digital products easily can definitely increase your income. First start by identifying a niche (what area you’d like to target) and try to be specific. A Platform like Etsy as mentioned above or Gumroad can help you reach the right audience.
9. Start Investing
Investing is key to long-term financial growth. How to start investing in stocks? Use apps like Robinhood, to begin with small amounts. Focus on the best investment strategies for beginners and diversify your portfolio to minimize risks. Investing is one of the smartest ways to make money in 2024 while building future wealth. There are stocks, EFTs, Real Estate, buying businesses, etc.) Some of these might take longer than others, research and see which fits your needs and goals.
10. Participate in Paid Surveys
If maybe you’re short on time, you can also consider earning money with surveys using platforms like Swagbucks or InboxDollars. These platforms will provide you with some quick side hustles for extra income by paying you to share your opinions on different subjects. While it’s not a full-time job, it can be a simple way to supplement your budget.
11. Drive for Rideshare Services
I have personally done this one before, which is driving for Uber and delivering food through DoorDash. This is perfect for those seeking flexible side hustles like I was. You have to understand rideshare driving tips for higher earnings, that will help you maximize income during peak hours, allowing you to plan around it. This gig can be especially appealing if you already have a reliable car. Some do offer you help with obtaining a car as a rental it varies for each company.
12. Flip Items to Make More Money on the Side
Going through the racks your thing? Then maybe thrifting through store finds can be an option for you! It can be a popular strategy if you’re looking to resell for profit. Platforms like eBay and Mercari are excellent for listing your thrifted items. Focusing on the high-demand categories like older but good quality clothing or electronics. To help get you started we recommend exploring the best marketplaces to resell for best results.
13. Start a YouTube Channel
Can you still make money on YouTube? Yes, it’s still possible to make money today on YouTube. So then the question becomes How to start a YouTube channel for income in 2024. First, start like most of the other money-making tools in this article it’s choosing a niche you’re passionate about, this can be something like cooking, gaming, or personal finance. The main thing to be successful on YouTube is your consistency and engaging content which will then bring in viewers and open opportunities for monetizing YouTube videos possibly through ads, sponsorships (through a company), and merchandise sales (affiliate marketing).
14. Invest in Real Estate Crowdfunding
If you’re one of those who has limited funds, real estate crowdfunding companies like Fundrise let you earn passive income with lower investment options so meaning less risk while getting your feet wet. It’s a great way to start diversifying your portfolio which can expand into other investment options. This also allows you to gain exposure to real estate projects without owning or managing physical property.
15. Sell Stock Photos or Videos
If taking pictures is your thing or maybe it’s being a videographer, perhaps selling stock photos online for profit like mentioned above on Shutterstock is a fantastic way to monetize your portfolio. Other platforms that can help in this department, like Adobe Stock are perfect for licensing great visuals that may be in demand (including lifestyle, business, and travel imagery).
16. Try Affiliate Marketing
The world of Affiliate marketing is one of the best side hustles for beginners in our opinion which can create great income in the present and future. It starts by offering you a chance to earn commissions by promoting their products or ranking them. Whether through starting a blog or YouTube, you can focus on the top affiliate marketing programs for 2024. Start earning passive income from each time you refer someone to their products, without having to harass each time for the same product it will stay on your site and earns as you sleep.
17. Write and Self-Publish Books
Authors can explore how to self-publish their book on Amazon Kindle Direct Publishing to reach further than local audiences. This can be a little time-consuming, but if you love to write and be creative, this can be a stress outlet for you as well as make you money on the side. Start by choosing a genre like self-help or maybe children’s fiction, whatever you’re passionate about, and then focus on marketing your book online to attract readers and generate sales.
18. Help others Start Making More
For professionals who have specialized expertise, then consulting can be a very lucrative way to make more money. Explore how to start a consulting business in highly profitable fields like marketing, IT, or maybe even business strategy. Create a LinkedIn profile and then highlight your experience/expertise on LinkedIn to attract new clients and establish credibility.
19. Start a Podcast to Start Making More
Podcasting is still growing fast in 2024 don’t let the media fool you! Podcasting is now offering creators unlimited opportunities to earn through different sponsorships and ads in many areas. How to start a podcast for beginners? As we stated before above it’s a recurring theme that choosing a niche is probably the most important thing in any of these. Make sure to distribute your content via platforms like Spotify. Consistency and unique insights can help you build an engaged audience.
20. Participate in Gig Economy Jobs to making more
Platforms like TaskRabbit and Amazon Flex can provide opportunities for gig economy jobs in 2024. Whether you’re the type that something like assembling furniture isn’t hard for you than TaskRabbit would be perfect. If you love being outside, interacting with customers and you want to deliver packages, Amazon Flex and its flexible roles are excellent for quick side hustles that can fit your schedule.
To finish off, we want to say we wish you the best in making more money in 2024, whether it be through affiliate marketing or publishing your own books. I hope these ideas were helpful and full of information to help you on your path. Make sure to check out our article on improving your Personal Finance.
About the Author
Jose Herrera
My name is Jose Herrera I started my Finance blog in 2024 with high ambitions. I have loved math ever since I was a child when I returned to the USA and I didn’t speak English. After mastering English I moved on to business and anything business-related. I have written many business plans, and guides on other subjects, and studied web design briefly. I joined the Army at 18 and did 3 years of service, I got out to help people like me feeling lost and broken. We will make our way to the top together!
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