3 Side Jobs You Can Never Make Enough Money From
Don't let them squander your time the way they spent mine.
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There is no denying that side jobs are fantastic. You can follow your passions or other interests with the help of side hustles. You could achieve both financial and general life freedom if you locate the proper side business for you.
The most important aspect of running a side business is to avoid burning out and wasting time on activities that won't benefit you. Side jobs should either need little to no work or be something you actually love doing and find rewarding.
Avoid wasting time concentrating on the incorrect side businesses that drain your energy, negatively impact your everyday life, and produce little returns. Instead, concentrate on investing time in locating a side business that you are confident would benefit you. Focusing on the wrong side businesses might keep you from concentrating on the ones that are more fruitful and will actually provide results.
I've wasted endless hours on side hustles that either don't pay off or are really difficult to make profitable in the past. I don't want anyone to suffer, even you, as most homo sapiens would! Due to this, I'm going to list three side businesses that either don't pay off or are incredibly challenging to succeed in.
YouTube
Yes, YouTube does provide thousands of content creators with salaries that support and sustain good lifestyles. However, you can look at a number in the thousands in many different ways. A number in the thousands is big, but when compared to the 37,000,000 YouTube channels out there(yes, 37 million) numbers in the thousands are tiny, extremely tiny!
I’ll break it down further. According to tubics.com, 230,000 channels have over 100,000 subscribers, 22,000 YouTube channels have over 1 million subscribers, 700 of which have over 10 million subscribers. 100,000 subscribers on YouTube is enough for you to get by, but what are the chances that you are one of the only 230,000 channels with 100,000 subscribers. If you do the math, .006% of all channels on YouTube have 100,000 subscribers.
I myself tried YouTube, I am still on it, however, I haven’t uploaded in quite a lot of time. I currently have 14,000 subscribers and 2,200,000 views, however, I’m still not monetized. It took ages to reach this amount of subscribers and views, but now I think, for what? I’m still not monetized!
With 500 hours of content uploaded to YouTube every minute and millions of channels joining the platform(23 percent increase in channels from 2019 to 2020), YouTube is most likely too competitive of a field for one to succeed. Instead of clawing your way up the subscriber and monetization ladders, painfully, and mostly to no avail, find something that is easier, more doable, and more enjoyable.
Affiliate Marketing From The Ground Up
Don’t get me wrong, affiliate marketing works great! Affiliate marketing earns a lot of money for little effort, but there is a catch to this. The catch is that affiliate marketing only works when you already have an established audience, a relatively large one that brings in tens of thousands of views a month.
I tried my luck with affiliate marketing when I was very small on YouTube, maybe 50 subscribers. I don’t know why I thought it would work, but I do know that it was foolish to think this. I made nothing. I think in total, I made $.007 (yes, less than one cent)from someone clicking a link to a website.
Unless you have a big audience that brings in a lot of views and has somewhat of an interest in what you’re marketing, it is very difficult to start with a small audience when it comes to affiliate marketing. Don’t start affiliate marketing the moment you start growing your audience, this surely won’t work. The reason it won’t work is that building an audience takes time, and affiliate marketing won’t bring you success.
Product Interviews
As appealing and as easy as they seem, product interviews are simply not it when it comes to side hustles. Yes, you’ll make a few bucks here and there, but this is simply not scalable nor sustainable. The work is tedious, and you eventually reach a point where you can no longer grow with surveys or product interviews.
Besides, I don’t think anyone truly enjoys taking surveys or giving product reviews in front of people. To work for 15–30 minutes to only earn at most 5 bucks doesn’t make any sense. Spend this time on something more productive and truly effective in being a side hustle.
What Side Hustles Are Worth Your Time?
There are so many good side hustles out there. All you have to do is find the right one for you. When looking for the right one for you, consider only these two things…
Enjoyment is the most important factor by far when considering a side hustle. Although it is in fact a side hustle and not what you’ll be spending most of your time on, you’ll still be spending a lot of time on them. Make sure you enjoy the side hustle you choose before choosing to dedicate so much time to it.
Profitability: Some side hustles work great until they don’t bring in a great deal of money. This in turn stresses you out, and wastes a lot of your valuable time. Start a side hustle only if it’s profitable and you know you can gain some monetary value from it.
A Place to Start
Try freelancing. Freelancing is an amazing place to start. Freelancing will let you find your side hustle. Your side hustle could grow out of freelancing for companies or online platforms such as Upwork and Fiverr. If you enjoy and are good at website and graphic design, app development and programming, freelancing is a great place to start since these are all jobs in demand.
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