10 SIDE HUSTLE Ideas That You Can Start With Little Money ($100/Day)

TL;DR

This video ranks different side hustles by their startup costs, covering eBay Drop Shipping, Forex Trading, blog websites, email newsletters, short-form video content, Shopify Drop Shipping, ClickBank affiliate marketing, and selling on eBay and Amazon.

Transcript

so when it comes to making money online there's so many different options that you have out there when it comes to starting a side hustle and I've done majority of them and in today's video I'm going to be ranking them from the lowest cost when it comes to getting started and some of the side hustles that you're going to need a higher budget for an... Read More

Key Insights

• 😘 eBay Drop Shipping is considered a low-cost side hustle due to minimal expenses on the platform.
• 🤑 Forex Trading requires a higher budget as it involves using your own money to trade currency pairs.
• 👻 Building a blog website has low startup costs, mainly requiring website hosting and writing articles for SEO.
• 😘 Building an email newsletter is a low-cost, low maintenance side hustle, with email marketing software being the main expense.
• 🎮 Short-form video content can be created at a low cost using tools like Canva and utilizing trending videos.
• 🫠 Shopify Drop Shipping falls in the middle in terms of costs, as paid ads are often necessary for driving traffic.
• 🫠 ClickBank affiliate marketing, like Shopify Drop Shipping, requires paid ads to promote affiliate links effectively.

Questions & Answers

Q: What is eBay Drop Shipping, and why is it considered a low-cost side hustle?

eBay Drop Shipping involves listing products on eBay and having a Drop Shipping supplier ship them directly to customers. It is considered low-cost because eBay is a free platform, and you only need to pay for the product once you receive an order.

Q: Why does Forex Trading require a higher budget?

Forex Trading involves using your own money to trade currency pairs. To make a profit, you need to invest a certain amount of money. The more money you invest, the more potential profit you can make.

Q: How much does it cost to build a blog website?

The cost of building a blog website is relatively low. You mainly need to pay for website hosting, which can be as low as $3 per month. Additionally, there are free or affordable website builders available.

Q: What are the expenses involved in building an email newsletter?

The main expense for building an email newsletter is the email marketing software. While some software may be free for a certain number of subscribers, others may charge a monthly fee. Writing the emails yourself can save additional costs.

Q: Are paid ads necessary for short-form video content on platforms like YouTube and TikTok?

Paid ads are not necessary for short-form video content, as there are free options like using Canva or downloading trending videos. However, paid ads can help increase visibility and reach a larger audience.

Q: How can I start a Shopify Drop Shipping business on a budget?

Starting a Shopify Drop Shipping business on a budget requires careful budgeting for ads. Start with a low daily budget and gradually increase it as you optimize and see better results. Google shopping ads are often used for this side hustle.

Q: What is ClickBank affiliate marketing, and how much does it cost to promote affiliate links?

ClickBank affiliate marketing involves promoting products from ClickBank as an affiliate and earning a commission. Promoting affiliate links typically requires paid ads, such as YouTube ads. The cost will depend on your budget for running ads.

Q: What is the investment required for selling on eBay and Amazon?

Selling on eBay and Amazon requires a significant investment in inventory upfront. You need to purchase products in bulk and store them before listing them on the platforms. This side hustle requires more capital compared to others.

Summary & Key Takeaways

• The video ranks various side hustles by their startup costs, from low to high.

• eBay Drop Shipping is ranked as a low-cost option due to minimal expenses on eBay.

• Forex Trading requires a higher budget as it involves trading currencies with your own money.

• Building a blog website has low startup costs, mainly requiring website hosting and writing articles.

• Building an email newsletter is a low-cost, low maintenance side hustle that requires email marketing software.

• Short-form video content on platforms like YouTube, Instagram, and TikTok can be done at a low cost, depending on the creation method.

• Shopify Drop Shipping falls in the middle section, as paid ads are often necessary to drive traffic to products.

• ClickBank affiliate marketing also requires paid ads to promote affiliate links.

• Selling on eBay and Amazon requires a significant investment in inventory.