Everyone started side hustling in the last year.
While many people sought second jobs for the additional income, some people adopted side hustles as a way to keep busy.
More than one third of the small-business owners who use Gusto said they needed side hustles to keep their companies afloat. Fifty-three percent of Black business owners and 49 percent of Asian American and Pacific Islanders took on side hustles to support their main businesses, according to Pardue.
New entrepreneurs who need to rely on additional sources of income to cover the businesses that they just started are part of the reason for the surge in side hustles.
Small business owners are not the only people looking for work on their own. According to a report by Upwork, 39% of the US workforce offered some form of work for free. With an upcoming recession or inflation affecting the price of goods, a side hustle may be even more necessary.
There's a lot of new businesses that aren't able to get the funds they need.
The financial health of your business depends on whether you have the skills or not. According to the platform, there are 15 highest-paying side hustles.
There are fifteen. There is a virtual assistant that costs $12-20 per hour.
The 14th. A web designer.
13th A web developer.
The person is a programmer.
There is a new date for the 11th. A videographer costs between 15 and 30 dollars.
There are ten. The accountant is $12-34.
There are nine. The price is $20-40.
There are eight. The social media manager makes money.
There are seven. There is a digital marketing consultant.
There are six. $19-$45 is the price of a copy writer.
There are five. There is a data analyst.
There are four. A business consultant costs between $28 and 98.
There are three. A photographer costs between 40 and 100 dollars.
There are two A public relations manager.
This is the first thing. There is a media buyer.
It has helped some people find financial freedom. Iyana Jones-Reese, a full-time account supervisor at a PR firm, said she uses her free time to try out different skills and hobbies.
She said that she bases her mid-level rates off of how much she makes an hour with her full time job.
Jones-Reese works as a social media manager and photographer.
She said that she could use some extra cash. I would like to try so many things that I wouldn't have to leave my job.
Side hustling isn't the only way to find financial freedom.
Dominic- Madori Davis reported that starting a business may not be the right path for everyone. Sources told Insider that entrepreneurship is glamorized through social media and pop culture, but the reality is often long hours, irregular pay, and intense pressure.
"I haven't made a million dollars yet, but I've been anentrepreneur for three years, and I haven't made a million dollars yet," Robunarea Ruiz said.
Regular paychecks, healthcare, and paid sick leave can be provided by 9-to-5 jobs.
Heaven Williams, who runs a candle business and works at a homeless shelter, told Davis that there are companies that care about their employees. There is nothing wrong with doing something for nine to five.
Jones-Reese is an example of a person looking for a way to build skills or test the waters in a different career path.