Earning £500 or $500 (if you’re in the US), a day might seem like a dream, but with the right strategies, dedication, and creativity, it’s entirely achievable.
This article outlines proven side hustles that can generate significant income all the while fitting into your current lifestyle. It includes examples and insights from books like The 4-Hour Workweek by Tim Ferriss, you’ll learn how to build a profitable side hustle.
1. Freelance Services on Platforms Like Upwork or Fiverr
Freelancing is a popular way to monetize your skills. High-paying services like web development, copywriting, graphic design, or consulting can easily bring in £500/$500 per day.
For example, a freelance UX designer can charge $100/hour. Working just 5 hours a day achieves the target income. Tim Ferriss emphasizes in The 4-Hour Workweek, “Focus on being productive instead of busy.” Specialize in one area to deliver value efficiently.
How to Start:
• Build a compelling profile showcasing your expertise.
• Focus on premium clients who value quality over price.
2. Flipping Products Online
Buying products at a discount and reselling them online through platforms like eBay, Amazon, or Facebook Marketplace is another lucrative option. For example, seller sources electronics on clearance for $200 each and resells them for $300, making $100 profit per unit. Selling 5 units daily earns $500. Gary Vaynerchuk’s Crushing It! suggests, “Garage sale flipping is one of the best ways to start without capital.”
How to Start:
• Research -trending high demand products.
• Use price-check tools like Amazon’s FBA Calculator to estimate profits.
3. Create and Sell Digital Products
Digital products like eBooks, online courses, or printables require upfront effort but can yield passive income. Once created, they can sell indefinitely. For example an entrepreneur creates an online course on Social Media Marketing and prices it at $50. Selling 10 copies daily generates $500. “The beauty of online courses is scalability,” says Amy Porterfield in her book Two Weeks Notice.
How to Start:
• Identify a niche where you have expertise.
• Use platforms like Teachable or Gumtree to sell your products.
4. Real Estate Short-Term Rentals (Airbnb)
If you own property or can rent and sublet it legally, platforms like Airbnb can be highly profitable. For example renting out a vacation property for $250 per night and booking two nights daily can easily hit your target. “The magic formula for Airbnb success is location, presentation, and customer service,” writes Rob Stephens in The Airbnb Advantage.
How to Start:
• Research high-demand areas for short-term rentals.
• Invest in professional photography and stellar descriptions.
5. Stock Photography or Videography
Photographers and videographers can earn money by licensing content on platforms like Shutterstock or Adobe Stock. For example photographer uploads high-quality images and earns royalties of $5 per download. Selling 100 downloads a day hits $500.
How to Start:
• Focus on niches like business, nature, or lifestyle photography.
• Use editing software to enhance the quality of your work.
Final Thoughts
To reach £500/$500 per day, focus on scalable opportunities or services with high hourly rates. Start by analysing your skills and resources, then choose a side hustle that aligns with your goals. As Tim Ferriss suggests, “Life is too short to be small.” Take bold steps today and watch your side hustle thrive.
So, what’s stopping you from taking the first step?