We all need that extra source of income. Except your uncle is Dangote, and you need more than your salary to care for yourself in this Nigerian economy. This is why having a side hustle is essential. With a good side hustle, you can pay some bills, enjoy yourself, and live a debt-free life.
Most profitable side hustles require you to have a set of skills and invest a lot of time. In this article, we curated a list of profitable side hustles that can make you money in 2024.
8 Side Hustles You Can Do With A 9-5 Job
There are a lot of side hustles to choose from. Some have fewer risks while others aren't as profitable. These are some profitable side hustles that you can earn from:
1. Ride Sharing
Since the advent of Ride-sharing platforms like Bolt, InDrive or Uber, transporting people and things from one place to another has become lucrative and easier. With a well-maintained car with all the necessary licences and permits, you can join the ride-sharing business.
You need to understand your city’s road network well but it is something you can learn on the job.
You can also make good money in this side job, according to Bolt, you can make up to N400,000 per month. Sweet right?
2. Become a Social Media Manager
Managing social media accounts has become so rewarding. Due to online businesses, brand influencers and big brands investing in social media marketing, social media management has become an important field in today’s world–and a good side gig where you can earn an average of N370,000 per month. So you enjoy using Social Media, this is one side gig you might enjoy.
3. Freelancing
Freelancing became popular in the early 2010s when digital skills became a thing. Now with any digital skill, you can freelance for foreign or Nigerian clients. There are a lot of digital skills that you can learn and make money from. For instance, according to Stockframes.com.ng, Copywriters make between N150,000 to N450,000 per month, while Graphic designers make up to N120,000 per month. You can choose the right digital skill, hone it and start earning. going to freelancing, make sure you improve your digital skills so you can earn well.
4. Sell or Make Food/Snacks
Can you make quick bites like shawarma or small chops? Then this side gig is for you. You can make them and sell them at your office or around your office area. It can be a bit stressful to manage this with your day job but with proper planning, the right partner and capital, it can be a rewarding business. You can make N50,000 to N200,000 depending on what you are selling and your customer base.
5. Sell Something online
Online businesses are another good side job that you can do. Right now there is a wide range of things you can sell online. You can sell shoes, a course ‘On how to date Lagos men’, printed shirts, digital products or affiliate products. There is always something to sell online; It could be a course or an affiliate product. Online clothes stores can make between N50,000 to N150,000 per month, people sell courses for N20,000 and above. Find an online business and go into it.
6. Go into Voice-Over Artistry
Voice-over artists are in demand right now. People need different kinds of voice-overs for their commercials and online ads among other things. They also get paid very well for their services; they can earn between N50,000 and N150,000 for a 30-second commercial and even more for longer projects. Stop wasting that beautiful voice wooing women and use it to make money.
7. Photography
Yes, photography requires skill and cameras can be a bit expensive but photographers make good money. They can make up to N500,000 in a month, even more. This is Nigeria where someone is organizing an event every Saturday. This is not even counting companies' events. Are you still thinking it’s too expensive to go into?
8. Become a Content Creator
Content Creation started as a form of entertainment for Nigerians but now, it is both entertaining and profitable. YouTube for instance pays creators an average of $18 (N27,000) per 1000 views on the creators’ videos. You can an Instagram or YouTube channel in a niche that you enjoy. The good thing about this side hustle is that you can also make money from other things like ads and brand ambassadorships.
Tips To Build a Side Hustle While Doing a 9-5 job
1. Just Start
Yes, your day job can be demanding but the best time to start is now. Start your research, learn the skill, save towards it and start a side business. Don’t be afraid to start small. Do your research and risk assessment. Stop waiting for the ‘right time’ except you don’t want to make extra money.
2. Stick To Something You enjoy
This list shows a lot of lucrative side hustles but not all of them would work for you. Pick a side gig that matches your personality, skillset, and technical know-how.
3. Understand The Business
No matter how small the business is, it is still a business. Know the inner and outer workings of your side business. Don’t commit fully to it till you know at least 60% of what you are getting into.
4. Don’t Let It Interfere
Don’t let your side job affect your productivity at work. Make sure to set deadlines and boundaries that help you balance your two sources of income.
5. Don’t Start It Alone
Remember that saying: ‘Two is a company.’ When it comes to side business, this holds very true. Find someone who you can trust, who is good at the field that you chose and that you can start the business with.
6. Have Savings
It is important to have personal savings, the same way your business must have savings. Pay yourself, your bills, and your business bills but don’t forget to set aside money for saving. With the Jollof+ app, you don’t even need to stress, just set your savings to be deducted from your business account every month.
7. Don’t Quit Yet
You are swimming in money and you want to quit your job, hold on first. Can the business survive the next ten years? Can the business run without you? Do you have a solid plan and a good personal and business budget? Plan well before you quit your job.
Final Words
These side jobs also require dedication and consistency if you want to make money from them. Everyone wants to be financially independent, and having a good side job can help us achieve that.
