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10 Side Hustles That Can Supplement Your Income

Everyone knows not to put all their eggs in one basket, but how many are doing so when it comes to their career? In the challenging economy we live in today, relying on just one income stream can be risky.

Companies are adopting new technologies such as Artificial Intelligence (AI) to cut labour costs, and no one can safely say they are immune to the changes on the horizon.

However, there are ways to mitigate these risks and safeguard your financial future. Many have started exploring side hustles to supplement their main income, and some even made it their main income source after trying out these part-time endeavours.

Read on to see if some of these profitable side hustles are suitable for you!

1. Online tutoring

Based on the Household Expenditure Survey 2017/18, Singaporean households spent an astounding S$1.4 billion on tuition expenses. The Covid-19 pandemic has made it such that many parents and students are now open to the use of Zoom to conduct classes, making online tutoring a profitable side hustle.

As an online tutor, you can offer tutoring based on your schedule and also save time on travelling. Furthermore, you are not restricted to giving tuition on just school subjects, but also in music, languages, and even coding. Check out sites like Tueetor and Snapask and take your first step to online tutoring.

2. Ride-hailing driver

If you own a car, becoming a private hire driver can be a flexible side hustle. You can easily register with ride-hailing companies such as Grab, Tada, and Gojek and drive for them part-time after work or on weekends. Ride-hailing pays per job and you can receive incentives for completing a certain amount of rides weekly.

With the exclusion of Tada, which takes 0% commission, these platforms typically take 10% – 25% as commission per ride. This is something to factor in, on top of fuel costs and car maintenance expenses, if you are doing this on the side to understand if it is a profitable gig for you.

3. Food or parcel delivery

Similar to a ride-hailing driver, being a food or parcel delivery driver is also a flexible side hustle if you have a car, motorcycle, or even bicycle.

Plan your working hours around your main job, and supplement your income with these extra per-delivery earnings. You can use Grab, Foodpanda, and even Amazon to provide such services.

4. Selling photos

A side hustle for shutterbugs, selling your photos online on sites like Shutterstock, Alamy, and Adobe Stock can help get your works out while earning you some spare cash.

It is, however, difficult to receive a huge payout monthly as it depends on how many downloads are sold. Furthermore, these sites take a huge percentage cut from the sale of photos, ranging from 60% to a staggering 85%. That said, if you have pretty photos from your travels just sitting on your hard disk drive, it definitely does not hurt to upload them and see if they generate some side income for you.

5. Pet-sitting

Love animals? Then pet-sitting might just be the right side hustle for you! You can choose to do dog walking, doggy daycare, house-sitting, or pet boarding depending on your expertise and convenience.

Check out sites like Pawshake and PetBacker, where you can list your services accordingly and set your own prices. While these services usually don’t pay a lot, ranging from S$15 – S$30 an hour, you can always walk a few dogs in one go as long as you can handle them.

6. Home-based food business

If you love cooking or baking and are great at it, home-based food businesses (HBFB) might be your best side gig option! Many HBFB sell their goodies on Facebook and Instagram, and primarily rely on word-of-mouth promotion by friends and family.

You could take orders and only allow collection or delivery on weekends when you have time to make them. However, while HBFB are not required to be licensed, they are still subjected to the Environmental Public Health Act (EPHA) and the Sale of Food Act (SOFA). You are required to ensure that the food you sell is prepared in a manner that is safe for consumption.

7. Tour guide

With travel opening up after the pandemic, becoming a tour guide might be a great side hustle if you have a passion for introducing Singapore to foreigners. You can do this after working hours or on the weekend.

It is important to note that to receive remuneration for guiding services to tourists, you will need to pay a S$72 licence fee to receive a three-year validity licence. You can join ToursByLocals as a local guide or post an itinerary on Airbnb to start your service.

8. Handicraft seller

Love to knit, crochet, or sew? Great at customising clothes and gifts? Then being a handicraft seller could just be the calling for you.

Design and make products such as pouches and bracelets, and sell them on sites such as Etsy or your own Instagram page. Do be careful of the commissions that platforms take from you and the time spent on each product on top of their material costs when pricing your goods.

9. Part-time insurance agent

One of the best things about the insurance industry is its flexibility in time commitment, allowing people to decide how much time they want to commit to this business. You can work part-time as an insurance agent to test the waters and decide if it is for you before leaping into a full-time career.

However, being an insurance agent can be demanding as a side hustle since there are courses and exams to take before you can be a licensed agent. Still, it remains a fulfilling and dynamic career choice. Reach out to Team Planner Bee at ask@plannerbee.co if you want to know more about pursuing this as your side gig.

10. Virtual assistant

If you are someone who pays attention to details, being a virtual assistant (VA) can be a great side hustle for you. A VA typically provides administrative services, such as data entry, email management, and scheduling to clients. All this while operating from a home office and not being bound by geographical distances.

Some VAs go from using the job as a side hustle into a full-time job, handling a handful of clients, since each client is entitled to a certain number of hours of the VA’s day. Fiverr is a site where many VAs list their services. Depending on what services you provide, a VA typically charges S$20 to S$40 an hour.

There you go! 10 side hustles for you to consider in the new year to supplement your main income. Remember, don’t put all your eggs in a basket!

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