3 Types of Side Hustles

14 May 2024 · 1 min

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This content was created by Feras Alhlou. This content was uploaded by Feras Alhlou. This is a YouTube video titled "3 Types of Side Hustles" (published 2024-05-14T00:04:36+00:00). The excerpt is an English monologue/presentation that outlines three categories of side hustles — (1) time-for-money unskilled work (e.g., dog walking, babysitting), (2) gig-economy app/marketplace work (e.g., Uber, DoorDash), and (3) professional-skill side projects (e.g., an accountant taking on clients) — and poses follow-up questions about other types and turning side hustles into full-time businesses.

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1 out of 3 Americans over 18 had a side hustle according to Zapier. These side hustles usually fall into 3 types. The first is exchanging your time for money. These are usually unskilled jobs like dog walking, house sitting, babysitting, or working at a coffee shop. The second type is part of the gig economy. Although this also could be time for money, it differs in that it usually is based on an app or a marketplace like Uber, TaskRabbit, or DoorDash. The final type is side projects that are related to your professional skill. And an example of this is an accountant working in a tax agency who takes on clients on the side during his free time. Any other types of side hustles? And can you turn them into a full-time business?