By Arthur 
Here’s a quick reality check for you, buddy. Unless you’re running a business, chances are that one source of income isn’t going to cut it anymore. That’s because inflation is way faster than wage growth, costs of living are consistently increasing, and, of course, there’s the burden of paying taxes too.
To make it easier to survive despite all these adverse factors, you might want to start a tech-based side hustle, and boy, do I have some great ideas for you.
So, without further ado, let’s explore why you should start a tech-based side hustle and some of your best options.
Why You Should Start a Tech-Based Side Hustle
It all boils down to 3 main reasons, which are:
- Industry Growth
- Potential Income
- Barriers to Entry
Let me explain each of them in more detail.
Industry Growth
Ask any entrepreneur you want to, and I can bet that they’ll say that tech is currently one of the most rapidly growing industries.
Technologies such as Artificial Intelligence (AI), Virtual Reality (VR), and more are becoming more advanced, leading to more and more industries, from education to healthcare, investing in digital transformations and using them to grow their businesses. Naturally, this creates a lot of opportunities for those looking to earn a living.
Potential Income
Picking up on my last point, since the tech industry is rapidly growing, there’s a demand for specialized skills, such as AI, cloud computing, and cybersecurity, to name a few. If companies find the right fit, they might be willing to pay a decent price as well.
This, however, does depend on choosing the right field, which is in demand and has low competition.
Barriers to Entry
The thing about tech-based side hustles is that they’re comparatively easier to start. Even if you don’t have any technical knowledge, you can use a range of online platforms to access courses that will bring you up to speed on everything you need to know.
Tech companies are also some of the most avid believers in a remote work model, so you can work from anywhere as long as you have a decent internet connection. Just in case you’re currently looking for an internet plan, I’d suggest Spectrum for its speed and consistency. If it suits you, you can reach out to the Spectrum customer service for a plan.
That about covers why you might want to consider starting a tech-based side hustle. Now let me help you get there by sharing some of the best options.
Top 3 Tech-Based Side Hustles to Consider
Every day I’m hustling, sorry I just had to get that one out. Anyway, coming back to business, the side hustles I’ve shared here offer a decent balance between flexibility and passive profitability, with chances of passive income as well, further down the line.
Website Flipping
Similar to real estate, website flipping is the practice of buying a website, improving it over a certain time, and selling it to interested parties for a profit.
Various platforms can support you with website flipping by connecting you with interested parties, one such platform being Flippa. The platform also lists many low-priced sites, making it easier for you to get started. If you work your magic and turn that website into a cash cow, you could make thousands of dollars.
Launching Mobile Games
If you’ve got a knack for creativity and a passion for gaming, why not combine the two?
Mobile gaming is a great way to make some extra income, as you can earn through both the ads your game hosts as well as the in-game offerings you can cook up.
Some of the most famous mobile games, such as Stardew Valley and Minecraft, were single developer projects.
Starting a Dropshipping Store
If you dream of running your own business, dropshipping is a low-risk and cost-effective way to get started. It is an e-commerce model where you only need to invest in a website to source products and marketing to sell them.
Platforms like Shopify can make this easier with their low-cost plans and support.
The daunting tasks of storage and delivery are handled by third-party suppliers whose products you list on your website. You can sell them with a margin you see fit and pocket the profit.
Tech-Based Side Hustles – Pathways to Financial Security
In the current economy, you need to fight many battles, from taxes to skyrocketing housing costs, and everything in between.
For people working with one source of income, this is no longer an easy road. The answer lies in identifying and leveraging ways to diversify your income streams, and tech being highly in demand, is a great industry to target.
Whether it’s website flipping, mobile games, or running a dropshipping store, each one can be your and your family’s pathway to financial security and a brighter future.
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