I always like to have a few side hustles running at the same time. Firstly, it adds variety. Secondly, I don’t want to rely on just one source of income. If that one fails, I’m back to zero.
I’ve run many side hustles in the past, but most of those have been sold. They included an ecommerce store, a travel blog, flipping websites, writing books, flipping domains, as well as some VA work and other things.
I haven’t had a day job since 2009, so I rely on my savings and side hustles.
At the moment I have money coming in from 5 main sources:
#1 Index Funds — This provides a pretty steady income. At the moment I re-invest it, as I don’t need it.
#2 Crypto — This is giving me some awesome returns. I expect this to do very well over the next 5–10 years. It will likely dwarf all other forms of income combined.
#3 Virtual Assistant — I work around 10–20 hours a month for a long-term client. That nets me $150–$300 a month. This client pays my old rate of $15 per hour. Any new clients pay $20 per hour.
#4 Domain Flipping — This only makes money once or twice a year. It’s a background hustle.
#5 Writing — I only started writing on Medium three weeks ago. I was accepted onto the Medium Partner Program a week ago. I’ve made $25 so far. I expect this to grow into a larger income over the coming months. I’m also going to explore Quora, Vocal, and Newsbreak. I may or may not write for those.
All this brings me to my next side hustle. It will be a new website based on… drum roll, please… SIDE HUSTLES.
I have over a decade of experience building side hustles, so I’m confident that this is something I can help other people with.
I already have the domain name ready to go.
I have decided to use Ghost.io to build the site. It’s much easier to use than WordPress and has some beautiful themes.
The reason I don’t want to use WordPress is that I always find it to be a real hassle getting the themes to look good. Even if you buy a premium theme, it always looks awful when it’s set up. This wastes my time, slows me down, and always wants to make me give up.
Ghost.io themes look great right away, so I can focus on writing.
The cost of Ghost.io is $9 per month for a starter site. There’s no additional hosting to worry about either. They also have a 14-day free trial, so you can try it before you buy.
The other great aspect of Ghost.io is that it is super easy to set up a subscription for your followers. This means that you can show some content to everyone, but only show your great content to paying subscribers. I think that’s a great way to build a regular monthly income.
Over the next few days, I’ll be setting up the site and writing the initial posts. I’ll then reveal what the site is so that you can take a look.
If there’s enough interest, I’ll create a few posts on setting up the site. Let me know in the comments.
If you’d also like to build a side hustle like this, feel free to set up your own site. We can build together, support each other, and share tips on what works.
Stay tuned for more updates.