The pandemic paved the way for many new opportunities online. And as the global economic crisis remains uncertain, many resorted to other resources such as financial aid and side hustling.
Side hustles have since become a vital option for many. Aside from the financial gains, many found comfort in working from home and on flexible hours. Many also found options that sparked their skills and interests. After all, everyone wants extra cash but wouldn’t it be better if you found something you love doing?
Ready to start your side hustling journey? Check out how to earn more money in Singapore through some of the most lucrative side hustles this 2023.
Profitable Side Hustles in Singapore
You can earn a few hundred to thousands of dollars a month with a side hustle. From easy online surveys to more challenging tasks, there are a lot of options to consider. Still, you must find a profitable and fulfilling one that would be well worth your time.
If you are not sure what to choose yet, here are some great options to consider:
- Start an E-commerce Business – S$4,750/month
An e-commerce business could be a good option you can look into for extra income. Nowadays, most people are into the convenience of shopping from home using platforms like Qoo10 and Lazada. The industry has continued to grow steadily and made a lot of successful entrepreneurs.
A few ways to ways to succeed in this business are:
- Growing traffic to your site through social media platforms.
- Selling products with high demand.
- Providing excellent customer service.
Average income: S$4,750 per month, depending on the product
- Write Blog Content – S$200 to S$2,000/month
Do you love writing? Turn this hobby into something profitable by setting up your blogging website. You can create valuable content via WordPress and monetize your blog through affiliate marketing or sponsored ads.
Blogs are also used to create traffic to a website and build a brand. Thus, clients may also use your services and write blogs for them.
Average income: S$200 to S$2,000 per month in the first years
- Create Your Youtube Channel – S$200/video
Another way to earn money online is by creating valuable content through Youtube. Create engaging content that viewers will enjoy watching. Like blogging, you will also earn via affiliate marketing and Google Adsense.
Moreover, monetized videos will continue earning passive income for as long as your videos are up on your Youtube channel.
Average income: S$200/video, depends on the number of posts and followers
- Be an Online Tutor – up to S$3,000/month
There is a continuing need for English tutors online. So, if you have a good command of the English language, you can always find clients who will need your services. One good thing about this side hustle is that you can do it wherever you are – whether at home, in a quiet coffee shop, or anywhere else convenient.
To get better rates, always be professional and find room for continuous improvement in your field.
Average income: From a few hundred dollars to S$3,000, depending on the number of hours
- Be a Graphics Designer – S$2,800
Another in-demand skill and profitable side hustle in Singapore is graphics design. You will find more clients if you are creative and knowledgeable in design apps like Adobe Photoshop or Illustrator. You can choose to make digital art or brand and product designs.
Your rates can also increase as you earn more years of experience in this field.
Average income: S$2,800 per month
- Apply as a Virtual Assistant – S$2,545
The demand for virtual assistants has continued to grow even before the onset of the pandemic. If you are technology savvy and great at organizing or managing social media sites, consider applying for a virtual assistant job. Some clients will not require major skills, and you may start with the skills you already have.
To get better at this job, consider upskilling and learning other digital tools that clients may require. Moreover, you may find higher-paying clients as you gain more skills and experience. Find clients at job sites like Upwork or Fiverr.
Average income: S$2,545 per month
How to Find the Perfect Side Hustle Match
Finding the perfect side hustle could entail a few tries. If you want to save time and move a step closer to the best side hustle, here are a few tips:
- Find your “Why.”
Determine the primary reason why you want a side hustle and the goals you need to achieve. Along with this, you can also find your interests or things you are good at.
- Check your schedule.
Check out how much extra time you can allot to your side hustle apart from your full-time job. Make sure to have enough rest time and not compromise your health.
- Invest in training.
While you may already have some skills to begin with, you should still consider investing in training or online courses to improve further. You can also find mentors or coaches who can guide you in your chosen career.
- Be Confident
While there are many opportunities, finding the perfect side hustle for you also takes confidence. Don’t let the fear of failure stop you.
With the cost of living in Singapore continuing to rise, it has become a must for many to find a side hustle. Good news is, you can easily find a good side hustle job with a reliable internet connection, skills, and determination. Still, make sure you are ready and willing to grow with this chosen side job.
- Running a side hustle provides not only additional income but also relevant experience.
- Learning new skills is an excellent way to up your chances of finding a side hustle.
- Some side hustles are more flexible than others; choose one that suits your availability.