3 Side Hustles During Inflation While Working on a Full-time Job

Everyone is talking about inflation now. You may have discussed this with someone online or offline. To be honest, the current inflation rate is not a good sign at all. So we should be careful about ourselves from now on. And about the ones we love. Otherwise, we may fall into a horrible situation soon.

Nowadays, the prices of all our daily necessities are skyrocketing day by day. Several countries are currently experiencing inflation rates of more than 10%. That means the prices of your and my daily necessities are increasing at an average rate of more than 10%.

And the saddest part is that some countries are already on the verge of bankruptcy due to global hyperinflation. So we must be careful before it is too late. We need to save money by reducing some extra expenses. And we should start a side hustle to earn some extra income besides our day job.

In this article, I am going to write about 3 online side hustles for pretending inflation. Why online-based side hustles? There are two major reasons for this.

Global Availability: You can do these side hustles from almost any country. As high inflation is happening all over the world now. So, this online-based side hustle list gives you an opportunity to start from anywhere.

Scalability: Online side hustles are easily scalable. Currently, the inflation rate is increasing by more than 10% worldwide. So to outsmart inflation, you need to have a side hustle that can easily grow at more than a 10% rate.

3 Profitable Side Hustles Ideas During Inflation:

#1 Start a Niche Blog

One of the most popular side hustles is blogging. The biggest advantage of blogging is that it is a passive income. That means the article or blog post you write today will generate passive income for years to come.

Blogging will not take you much time. You can start a blog alongside your full-time day job. You can sell any of your digital products or services through niche blogging. And you can earn affiliate commissions by selling other people’s products or services.

Pros of Blogging: Why You Should Start Side Hustle Blog?

Starting a blog website is very easy.

Completely passive income. Once you create the content, it will generate income for you year after year.

High success rate with low risk. Blogging is more likely to succeed than other side hustles.

Cons of Blogging: Why You Shouldn’t Start Side Hustle Blog?

Patience will be needed. Usually, you have to wait for 6–8 months to see some decent results in blogging.

Consistent work required. Generally, you need to write 50–100 articles to see good results.

Blog maintenance requires some technical knowledge.

How to Get Started with Blogging?

To start blogging, first of all, you need to choose a niche. I wrote an article about 200 blogging niches. You can read my 200 micro blogging niche article. It may help you to choose your topic to start with.

After selecting your niche you need to create a blog website. There are many platforms to start a blog website like WordPress, Wix, Webflow, and Squarespace. Choose one and build your blog.

You can create a blog website yourself or if you can’t, you can hire a freelancer. If you want, you can also create your blog with me.

After creating the website, you need to set up some tools and pages such as Google Analytics, Google Search Console, Bing Webmaster, Privacy & Policy, and Terms & Conditions pages.

Don’t worry they are very easy to set up. You can set it up yourself by watching basic tutorials. Or if you build your blog website with me I will set up everything for you. So you don’t have to worry about it.

After creating and setting up the blog website, now you need to start publishing content consistently. And hey, if you need to ask anything about blogging you can contact me.

Blog Website Earning Potential

The potential income through blogging is huge. Since this is a completely passive income, the more articles you write day after day, the more income you will accumulate.

And at one time you can earn several thousands of dollars per month. Which may bring more income than your full-time job.

Essential Tips for Blogging Side Hustles

Try to write about what you know and have experienced. See, quality content is essential for Google ranking. So please don’t write something you don’t know much about it.

Focus on one niche. Don’t try to write multiple niches on the same blog website. Writing multiple irrelevant niches on a new blog will likely hurt your google ranking.

Maintain consistency. Trust me, if you don’t write articles consistently, it will be almost impossible to succeed in blogging.

#2 Micro Saas Website

SaaS (Software as a Service) websites have been quite a profitable business for the past few years. It is quite trendy now. If you can do SaaS business properly then it is possible to earn a lot from here. Which may be beyond your expectation.

So, what exactly is a SaaS? SaaS is a type of web-based software that provides you with various services. And Micro SaaS provides a more specific service. You don’t need to install anything on your computer. All you have to do is go to the website and enjoy the service.

Generally, there are two types of SaaS tools out there. One type is a free tool and another is paid. But I think as a newbie you should start a free Micro SaaS website as a side business. Because free tools don’t require much marketing. And the free micro tools are very basic. That means, less complexity and easier to build.

Pros of Micro SaaS: Why You Should Create a SaaS Business?

Less work is needed compared to blogging. You just build the website once. After that, you only need to do a little SEO for google ranking. And you will start to see traffic.

Low cost to start. You can build a Micro SaaS website with just a few hundred dollars.

Network effects. Users love to share this kind of website with their community. And more chances of going viral.

Cons of Micro SaaS: Why You Shouldn’t Start a SaaS Business?

More advanced technical knowledge is required to build and maintain a SaaS.

Some SaaS are a little more complex. You need to choose carefully depending on your skill level.

Rising competition. Day by day the competition for SaaS going higher and higher. That means less chance to succeed for newbies.

How to Start a Micro SaaS Website?

First of all, you need to choose a micro SaaS niche. You can select a niche according to your coding skills or the industry you like the most. Try to find a tiny service that people need from a broad category.

For example, SEO services are a broad category. But in this between, checking the keyword density of an article is a tiny part of SEO service. And this is a good idea for a small SaaS website. You can just build a website for checking the article’s keyword density.

Most SaaS websites are built using the WordPress platform and the PHP programming language. You’ll find many SaaS website-building PHP scripts at CodeCanyon.

After completing the website, do some SEO and promote your small SaaS website.

SaaS Earning Potential

Some SaaS are generating 6 figures. But for the new one, you can expect to make a couple of hundred dollars a month. And if doing it properly and given some time, then SaaS has the potential to generate thousands of dollars easily.

3 Important Tips for SaaS

Start to build free tools. Because free tools are easily marketable. But don’t worry you can make a good amount of money by showing ads on your site.

Focus on simplicity. Make your site as simple as possible. So that it is the easiest experience for the user.

Don’t work on a broad idea. It may take a lot of your time and investment.

#3 Become a Freelancer

Since you have a full-time job, I assume you already have some skills and experience. You can offer freelance services online with your skills. And you can sell consultancy services with your experience to people in your space.

Pros of a Freelancer: Why You Should be a Freelancer?

Freedom and flexibility. You can set your own work schedule, price, location, etc.

You can be your own boss. And you have the power to choose who to work with.

High earning potential. You will be considered an expert in your space and will get a high price for your skill sets.

Cons of a Freelancer: Why You Shouldn’t be a Freelancer?

Stability issue. Sometimes it’s harder to get clients.

You have to manage all the things yourself. Including marketing, getting clients, doing the job, and after-sales support.

You have to take all the responsibility if anything wrong happens in a project.

How to Start Your Freelancing Journey?

It’s not quite difficult to become a freelancer. There are lots of freelance marketplaces out there to find gigs. Some of them are Upwork, Fiverr, Freelancer, Guru, etc. You can also google some marketplaces depending on your space.

After selecting your platform you just need to create an account and fill up your profile. And search for jobs depending on your skill sets.

Another way of finding freelance work is by creating your portfolio site. You can showcase your works, skills, and experiences on your site. This way you may find some pretty good gigs.

How Much Can You Earn From Freelancing?

Well, it depends. If you have high-paying skills and some experience then you are going to make some serious cash. Some skills pay you thousands of dollars per project. And if you can build your trust then it’s very easy to charge handsomely to your clients. Many successful freelancers are making more than 6 figures a year.

3 Important Tips for Becoming a Freelancer

Use good looking portfolio website. And showcase your works. The better the portfolio, the higher you get paid.

Update your portfolio on regular basis. It helps you to look more professional.

Don’t hesitate to ask for referrals to your existing clients. You may find some amazing clients through their referrals.

These side hustles will protect you economically regardless of the inflation scenario. If you have any thoughts on that, please go ahead and comment below.

I wish always the best of luck to You, Your Friends, and Your Family. Thanks for reading this article. If you like this article, please share it.

3 Side Hustles During Inflation While Working on a Full-time Job