AT least two side hustles could help you make thousands each month.
It might even be enough to set aside a full-time job and work independently, setting your own price and hours.
The two gigs can even be paired together as a double threat, as freelance writing and social media management often go hand-in-hand for companies, per Forbes.
Freelance writing, by itself, is in high demand and can bring in a decent wage as nearly every industry needs to have some form of web content, whether through articles, blogs, etc.
A study from freelance writer Elna Cain found that at least 42% of freelance writers already earn between $2,000 and $5,000 a month, even through just 10 hours a week of work.
To ensure that the amount remains at $5,000 or more, it would be wise to also add social media management to your skillset.
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Along with refined copy, businesses also look for a writer who can be flexible across different platforms, quickly adapting text that might be used in a blog post to Instagram or TikTok.
Or maybe it’s newsletters, website updates, or any other type of content.
Being able to seamlessly create copy for whatever the situation calls for makes you more valuable to clients.
HOW TO START
To break into the side hustles, it’s best to start by getting a freelance writing job, creating blog posts, features, news, you name it.
Unless there are specific requirements from the company or publication that hires you, try to set your own price and hours.
It could be hourly pay, per project pay, or word.
After finding a groove with that ask to help adjust the company’s content across social media, and even platforms like LinkedIn.
Then you can start to charge more based on the project or delivering a comprehensive approach to the content.
It’s more of a content strategist approach rather than strictly being a freelance writer.
By the time you’re done, the moves have created a collective side hustle that offers a stable income stream that you determine.
Side hustles and tax implications
Extra income you make from side hustles may need to be reported to the IRS.
If you receive more than $600 in gross payouts from a selling platform like eBay, the site will issue you a Form 1099-K to use in your tax return.
Individuals should calculate their adjusted gross income, taxable earnings, and deductions for the year.
Once they have that, they can use the 1040-ES form to calculate estimated taxes.
OTHER OPTIONS
Another “stupid easy” writing-based side hustle was highlighted by influencer, Brittany (@makemoneywithbrit2), in a video on TikTok recently.
Brittany said she completed the work, which can pay up to $192 per hour, through Textbroker.com.
The website connects freelance writers with clients who need content.
Writers can create a free account.
Additionally, the $192 per hour pay comes from content with about 12,000 words, according to Brittany.
She said her secret to completing work fast was using ChatGPT to assist her content creation, if allowed by the client.
Other writing side hustles can also bring in thousands.
A simple one can make teens up to $2,280 a month with just a phone and a laptop.
Another writing gig can bring in around $450 a day if you “let it do the work for you.”
Source: Two side hustles that make up to $5,000 a month – you set the price and hours
