As the digital economy continues to expand and the opportunity to earn money across multiple platforms, more and more individuals are looking into finding the best side hustles they can start in 2022. With the proliferation of online platforms, tools and methodologies, there are multiple side hustles to choose from depending on one's interests and goals.
The gig economy is quickly emerging as one of the top choices for side hustles; an independent contractor can monetize their unique set of skills, abilities, services and products to increase their income with flexible schedules. This can include online tutoring, freelance writing and coding, graphic design, photography, voice overs, virtual assistant tasks, and so much more.
Additionally, for those looking for a more novel side hustle in 2022, there are opportunities to invest in cryptocurrencies such as Bitcoin, Etherum, Libra or Digital Gold. This entails conducting thorough research into the market trends and opening up an account to purchase digital coins. Though this option is quite risky, it can yield great returns on a long-term basis.
Another popular side hustle that is gaining traction is ecommerce. With a sizeable number of people becoming more comfortable with shopping online, individuals can invest in a niche and create a shop page to sell products. This can range from selling clothes and accessories to hosting online courses. This is an attractive option because it requires minimal overhead, yet still enables the user to make a steady income.
Real estate investments is also becoming increasingly popular in terms of side hustles given the likelihood of higher returns in comparison to other alternatives. Many people are opting to purchase a property, renovate it and then rent the unit out. Others prefer to opt for fix and flips, which entails buying low priced properties, renovating, and selling at a higher rate.
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