Today I would like to talk a little bit about the four different kinds of side hustles you can pursue according to yours, truly. And I actually put this together as a free quiz, a few months back.
And if finding out which of these four things is going to be the best type of side hustle for you to pursue is of interest to you. Why wouldn't it be? You listen to the show, right? CLICK HERE to get your hands on that quiz!
Number one is what I refer to as the gig economy. And this would be anything where you are freelancing for a corporation that already exists and the most perfect examples of these are, as you can imagine, Uber and Lyft driving, Instacart, Postmates, Task Rabbit, all of those things where you are going to submit an application to the corporation's main application area, you get approved, you might have to do a background check. You might have to submit a driver's license or take pictures of your vehicle. Then you're approved to work and perform that service on behalf of that corporation.
And then you are paid by the corporation as a freelance or a subcontractor. You choose the hours. You want to work in the days you want to work and you get your paycheck from the contracting company. This is a great side hustle for you. If you want to start something right away, you need cash right away, and particularly if you like to drive, this is a great side hustle for you to get out in the neighborhood, drive your vehicle, and listen to your favorite podcasts. Like the GOT SIDE HUSTLE show.
The 2nd type is an affiliate or multi-level marketing. This is where you're either going to pitch a product to your friends, family members, colleagues, et cetera, a product that you truly believe in and use yourself. And then when they, your friends, family, coworkers purchase said product, then you get a percentage of their sale.
This again, is something great for you to do. If you want something that's between the concept of passive and active income, you are going to have to market to your friends and family members. But if the product is something that you love, you obviously believe in it. That should be pretty easy to. You can also take this to the next level, which I think is what they refer to as the multi-level marketing companies like Mary Kay and Amway….there are hundreds of them.
You sign on as an independent contractor within that sales field, but you probably have a mentor or somebody who's your upline that recruited you and they get a portion of your sales. But then if you're really into this type of side hustle, then you can recruit people to be in your downline and you get a percentage of their sale.
One thing about affiliate marketing and MLM. Programs that I think is really cool. Is there is definitely an option to have community around you. Especially if you are being recruited by somebody and then you recruit other people. These corporations have national conferences, they have sales rewards, there are all kinds of SWAG. We all know the story of the Mary Kay Cadillac, right? And in some cases, these are the types of side hustles that can turn into full-time income, if that's what you want to do. But if you're like me and you love your day job and contend to stay where you're at, this was a great way to supplement your income and get some products that you really, really, really like at considerably lower cost.
The 3rd type is what I refer to as a creator. And this can be in the form of content, online content, digital content, or physical products. So if we're going to split this and to digital and physical, you might decide that you're going to have a blog where you're going to write blog posts about a particular niche topic. You're going to get advertisers to be on your blog and make money that way. Or you might take some of that info that would go into a blog post and create a course for it, or some kind of online downloadable materials that people can buy, or even you do like. And you create a podcast as your content delivery system, and you look to book clients who want to work with you, actually that segues into number four, but we'll talk about that in a second. That's the first half of a creator, the second half would be, if you've got a knack for creating physical products and people have said, whoa, if you would sell these, I would buy one in a heartbeat.
And the first person that I'm thinking of is my best friend, Molly, who has a yarn shore out there in Redlands, California, but she makes a lot of physical products on her Etsy store and also designs knitting pads. You can buy yarn bowls from Molly or knit purses and bags, or you can buy any of the dozens of amazing patterns that she's created over the years.
This might be you if you were someone who could sew. When COVID-19 started, you likely made a killing, sewing face masks and face coverings for people who were looking to buy something. Other than that regular. Paper masks that you could buy at drug stores, but likely then couldn't buy a drug stores because everybody was buying those masks and they were sold out all the time. But you get the picture. So you're making something that's unique and special that people want to buy. You can see this on Etsy all over the place.
The fourth type of side hustle is the Service Provider. So if you are somebody who likes yoga, you might become certified as a yoga instructor, and then you give private lessons or maybe you went to massage therapy school, and rather than working at a clinic or a massage parlor, you. Do travel massage and you go to people's houses and you do stuff like that. Sports medicine, professional trainers, there are all kinds of people who become physical trainers and work at a gym, but also people that become, become personal trainers and get their own clients who work with them. One-on-one, I'm a coach for people who want to start and scale their side hustles and or work on their day jobs and the careers.
But there are money coaches. There are mindset coaches. There are podcast coaches. There are blog coaches. There are all kinds of coaches and that is definitely a service provider. Or there may be something that you do at your day job and like a CPA and accountant is a perfect example of this. You might be an accountant for a corporation or a local company or a college or university, but you decide that you really, really want to work with artists on the side because you have a really big interest in art. And so you market to the art community, that you are an accountant that specializes in the type of work that they do.
So hopefully this is making sense in the terms of the service providers. There's so many different things that we can do and that people will pay us to perform for them. Whether it's a service industry that already exists or who knows, you may come up with the next new thing, the next new trendy, fantastic thing that people will jump on and want to do because they see that it's a lucrative opportunity and something that they might really get to enjoy.
To learn more about the four types of side hustles, make sure you listen to the episode.