SIDE hustles could become your full-time job.
Alice Liu is a 20-year-old entrepreneur who found a way to make thousands of dollars from her side hustles.
Alice, who goes by alice_liuuu on TikTok, has over 480,000 followers and 8.5 million likes.
The TikToker has tons of videos about finding your passion, understanding your financial goals, and how to find the perfect side hustle.
Alice said in a comment that her goal is to make $100,000 a month and to work about two to three hours a day.
In just one month, she was able to make over $54,000.
1. Branded dropshipping
This side hustle means buying unbranded products, relabelling them as your own, and then selling them online.
In her Instagram video on dropshipping, she said that this hustle is very low risk because you will hold no inventory and the company will do the shipping for you.
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It works like this: a customer will order an item from you which you will then order from the supplier at a cheaper price.
The company will then ship the product to the customer.
She used the example of selling a product for $20 but buying it for $8.
That’s a $12 profit.
Plus, Alice uses the TikTok free traffic method, which means she has no advertising costs.
2. Affiliate marketing
Affiliate marketing is where an affiliate earns a commission for marketing a company’s products.
Much like dropshipping, you have no inventory or customer service as the company will handle all of that for you.
All you do is enroll in an affiliate program of your choice and it will most likely provide a link and a code for you.
This code is for the customers to use when purchasing an item that you are promoting.
This means that you will get a commission each time someone uses your code or link at checkout.
3. Sponsorships/paid partnerships
To make money with paid sponsorships, it helps to have a blog or some kind of a brand.
This can be anything from having a personal blog or a YouTube channel where you brand your content and then try to get other similar companies to advertise on your channel.
Additionally, you could get paid by other companies or brands to post or write sponsored content on your blog or channel.
The larger your social media following, the more money you can make.
4. YouTube adsense
YouTube AdSense is where companies will pay you to advertise on your channel.
Much like the other side hustles, making money on YouTube requires strategic branding and some followers.
Additionally, you must meet specific guidelines that Google sets and hit subscriber and view count requirements.
To start, head to Google AdSense to set up your account and learn about eligibility.
I earn $760,000 a year and it takes me just 10 hours a week so I can retire in my 30s – how you can do it too.
Plus, up to 93% of Americans have a side hustle to earn extra cash – how you can make hundreds of dollars with minimum effort.