The Rise of Side Hustles in US: How Business OS Can Help You Start an Online Business and Create Passive Income Streams
In recent years, the rise of the gig economy and the increasing prevalence of side hustles have transformed the American workforce. A side hustle, also known as a gig or a side job, is a part-time or temporary job that is taken on in addition to a person's primary job. These jobs can range from delivering food or driving for a ride-sharing service, to freelancing or selling goods online.
According to a recent survey by Bankrate, more than 44 million Americans, or approximately 28% of the adult population, have a side hustle. This represents a significant increase from previous years, and highlights the growing popularity of side hustles as a way for people to earn extra income or pursue their passions.
Side hustles are a great way to pursue your passions and earn extra income. They allow you to experiment, learn new skills, and test new ideas without risking your primary income or career. I highly recommend trying a side hustle if you have a dream or a passion you want to explore.
- Tim Ferris, entrepreneur and author
How to Start Your Side Hustle and Earn Extra Income
Starting an online business from scratch can be a daunting and expensive prospect. However, with the right tools and resources, it is possible to start an online business at zero cost. Selldone Business OS is a comprehensive ecommerce platform that provides everything a business owner needs to sell online, including a website builder, payment processing, inventory management, and customer support.
By using Selldone Business OS, business owners can create a professional online store without incurring any upfront costs or subscription fees. They can focus on building their business, rather than worrying about the technical details of setting up and managing an online store.
Side hustles are the future of work. They allow people to have multiple streams of income, to be their own boss, and to have more control over their time and their lives. I think everyone should have a side hustle, whether it's a hobby, a passion, or a business idea. It's the best way to create financial security and personal fulfillment.
- Gary Vaynerchuk, entrepreneur and author
In addition to the immediate benefits of starting an online business, Selldone Business OS also provides opportunities for creating passive income. Passive income is income that is generated without the need for active involvement or effort. With an online store, business owners can sell products or services on a recurring basis, generating income even while they are not actively working.
For example, a business owner could sell subscription-based products, such as monthly subscription boxes, or offer digital products that can be downloaded and accessed by customers at any time. By creating passive income streams, business owners can diversify their income and potentially increase their overall revenue.
Side hustles are a great way to diversify your income and reduce your reliance on a single job or employer. They provide opportunities for growth, creativity, and learning that may not be available in a traditional job. I encourage everyone to explore the possibilities of side hustles, and to find a side hustle that aligns with their passions and goals.
- Marie Forleo, entrepreneur and author
5 Side Hustles in Ecommerce You Can Start Today
This is a popular ecommerce business model where the seller partners with a supplier and sells their products on their online store. The seller doesn't have to hold any inventory or fulfill orders themselves; instead, they simply handle the marketing and customer service, while the supplier ships the products directly to the customer.
This is a type of performance-based marketing where the seller promotes other people's products or services on their online store, and earns a commission for each sale they generate. The seller doesn't have to create or sell their own products; they simply provide recommendations and links to the products they are promoting, and earn a percentage of the sale price.
This is a type of ecommerce business where the seller creates custom designs for products, such as t-shirts, mugs, or phone cases, and sells them on their online store. When a customer places an order, the seller's design is printed on the product and shipped directly to the customer. The seller doesn't have to hold any inventory or fulfill orders themselves; they simply create the designs and earn a profit from each sale.
This is a side hustle where the seller sources second-hand or vintage items from thrift stores, garage sales, or other sources, and sells them on their online store. The seller can focus on a specific niche, such as vintage clothing or collectible toys, and use their expertise to curate and price the items they sell. The seller doesn't have to create or manufacture their own products; they simply source and sell pre-existing items to their customers.
This is a type of ecommerce business where the seller creates and sells digital products, such as ebooks, courses, or printables, on their online store. The seller doesn't have to worry about inventory or fulfillment; they simply create the digital product and make it available for download or access by their customers. Digital products are a great option for side hustlers because they are easy to create, require no physical storage or shipping, and can be sold on a recurring basis.
Old Ways Of Starting An Online Business – High Risk And High Cost
WooCommerce is a free WordPress plugin that provides the basic features and functionality needed to sell products online. However, you will still need to pay for a hosting provider and a domain name, which typically cost around $10-15 per month. You will also need to choose a payment gateway, which allows customers to pay for their purchases on your online store. The fees for payment gateways vary, but typically range from 1.5% to 2.9% plus $0.30 per transaction.
In addition to these basic costs, you may also want to invest in a professional-looking theme and additional plugins to enhance the functionality of your online store. The cost of themes and plugins can vary greatly, but you can expect to pay anywhere from $50 to several hundred dollars for premium options.
Overall, the cost of starting an online store with WooCommerce can range from a few hundred dollars to several thousand dollars, depending on the specific factors and choices involved. It is important to carefully consider all of these costs and plan your budget accordingly before launching your online store.
One potential problem with using plugins for WooCommerce is the cost. While WooCommerce itself is a free plugin, many of the additional plugins that can enhance the functionality of your online store are not free. These premium plugins can add a significant cost to your online store, especially if you need multiple plugins to achieve the features and functionality you want. This can make it difficult for small or budget-conscious business owners to afford the plugins they need to make their online store successful.
Another potential problem with using plugins for WooCommerce is the risk of viruses or malware. Because plugins are created by third-party developers, they may not always be thoroughly tested or secure. There have been instances where plugins have been found to contain viruses or malware, which can compromise the security of your online store and put your customers' data at risk. It is important to carefully research and choose plugins from reputable developers, and to regularly update and scan your plugins for security vulnerabilities.
The Modern Solution for Starting and Creating High-Converting Online Stores
Business OS is a modern ecommerce solution that offers enterprise-grade built-in tools for starting and creating custom, beautiful, and high-converting online businesses. With Selldone Business OS, business owners can build their own online store without the need for purchasing plugins or templates.
One of the key benefits of Selldone Business OS is its user-friendly website builder, which allows business owners to easily create and customize their online store without any technical expertise or coding knowledge. The website builder includes a range of pre-designed templates and themes, as well as a drag-and-drop editor that makes it easy to add and arrange elements such as images, text, and buttons.
In addition to its website builder, Selldone Business OS also includes a range of built-in tools for managing and optimizing an online store. This includes payment processing, inventory management, customer support, and marketing and analytics tools. With Selldone Business OS, business owners can manage their entire online business from a single platform, without the need for purchasing and integrating multiple tools and services.
One of the key advantages of using Selldone Business OS is that it provides enterprise-grade features and functionality without the high cost or complexity of traditional enterprise solutions. Selldone Business OS is affordable and scalable, making it a great option for businesses of all sizes, from small startups to large enterprises.
Overall, Selldone Business OS is a modern solution for starting and creating custom, beautiful, and high-converting online businesses. With its built-in tools and enterprise-grade features, Selldone Business OS enables business owners to focus on growing their business, rather than worrying about the technical details of setting up and managing an online store.
Start Today, Benefit Tomorrow
If you are interested in earning extra income and pursuing your passions, the rise of side hustle jobs in America provides new opportunities for you to do so. By using Selldone Business OS, you can start an online business at zero cost, and create passive income streams to diversify your income and increase your revenue. This platform provides everything you need to sell online, including a website builder, payment processing, inventory management, and customer support. With Selldone Business OS, you can focus on building your business and creating passive income streams, without worrying about the technical details of setting up and managing an online store.
What is a side hustle?
A side hustle is a part-time job or gig that is taken on in addition to a full-time job. These types of jobs are often flexible and can be done on a person's own time, allowing them to earn extra income without taking on a traditional second job.
What are some common side hustle jobs?
Some common side hustle jobs include working as a ride-share driver, freelancing as a writer or designer, selling handmade or vintage items on online marketplaces, or providing services such as tutoring or dog walking.
How many people in the US have a side hustle?
It is difficult to say exactly how many people in the US have a side hustle, as the nature of these jobs makes them difficult to track. However, estimates suggest that between 20% and 30% of US workers have a side hustle.
Are side hustle jobs a good source of income?
The income potential of a side hustle can vary greatly depending on the type of work and the individual's ability to find and retain clients or customers. In general, however, side hustle jobs can be a good way for people to earn extra money on the side.
What are the benefits of having a side hustle?
Some of the benefits of having a side hustle include the ability to earn extra money, gain new skills and experiences, and have greater control over one's own schedule and workload. A side hustle can also be a good way to test out a new career or business idea without making a full-time commitment.