If you enjoy being with your partner and want to undertake a business venture together, it is important to acknowledge that starting a business demands dedicated effort and entails certain risks, which may potentially strain your relationship. Nevertheless, embarking on a secondary business endeavor can serve as an excellent means for couples to generate additional income. Furthermore, this extra money could aid in enhancing personal finances or settling student loans.
How To Choose A Side Hustle Together
When you start contemplating the idea of starting a side hustle, it is advisable for each person to create a list of their interests and strengths. This will assist in narrowing down your options and guide your thinking towards a suitable side hustle.
When you compare your lists, look for any skills or interests that align and have the potential to generate income as a side hustle. Ultimately, the crucial factor for a successful side hustle is the amalgamation of pursuing something you enjoy while offering valuable services to customers.
When you have a feasible concept, it is time to start taking action.
The best side hustles for couples
1. Provide childcare or pet care services
By providing services such as babysitting, daycare, dog-walking, or pet-sitting, you have the opportunity to earn money by assisting your neighbors. Collaborating together will enable you to manage a larger number of children or pets simultaneously, resulting in higher earnings. Additionally, you have the flexibility to offer care either in your own residence or at the customer’s location, and can easily obtain clients by utilizing platforms like Rover.
If you lack experience as a sitter, it might be beneficial to volunteer assistance to your neighbors without charging them until you have collected some testimonials. Additionally, considering undergoing a background check can instill confidence in customers when entrusting their pets or children to your care.
2. Start an Etsy shop
Have you ever thought about producing additional candles, wine koozies, spice mixes, face masks, or any other handmade items you’ve been working on, specifically targeting creative couples?
There could be a potential market for your product on Etsy if you possess a distinctive concept and can present it effectively. An Etsy survey revealed that numerous prosperous sellers initiated their business on this platform, with nearly half of them having no prior experience in selling goods.
There is an abundance of ideas for Etsy shops. You have the opportunity to sell various items such as printables, care packages, or collectibles that you already possess at home. These items are beginner-friendly and can be easily initiated from the convenience of your own home.
3. Get into real estate
Real estate investment has witnessed increased accessibility in recent years, no longer limited to affluent households capable of investing substantial amounts in rental properties. Nevertheless, those interested in house flipping can still pursue this profitable opportunity.
In addition, you have the option to select passive investment opportunities like real estate investment trusts (REITs). By investing in REITs, you are able to purchase shares in a diverse property portfolio or participate in real estate crowdfunding platforms.
4. Start a blog
Do you have something to share? If either you or your partner has a talent for writing, editing, and some knowledge in digital marketing, initiating a blog might be an excellent means to generate extra money on the side.
Although, it is crucial to comprehend that making a substantial amount of money from blogging in the near future is unlikely. Before you can even think about monetizing your blog, you must establish yourself as a reliable content provider and offer consumers a plentiful amount of valuable information.
In order to succeed, it is important to extensively market your blog on social media, newsletters, and other platforms. Bloggers often discover that solely relying on advertising or affiliate marketing for income is insufficient until they have a substantial and engaged audience. For valuable advice, make sure to refer to our comprehensive guide on how to kick-start a prosperous blog.
If you have a true passion for writing and editing, your blog can serve as a starting point for a freelance writing career. While becoming a freelance writer requires self-promotion, it is an excellent means to attract clients and earn extra income as needed. Additionally, you can reserve some of your creative energy for personal projects and utilize your editing abilities to work as a proofreader.
5. Get started in the stock market
A potential approach to prepare for the future is by initiating investment at present. Although investing in the stock market carries inherent risks and there is no assurance of significant gains, it can provide an excellent opportunity for couples to explore as a shared interest. This endeavor might assist in preparing for retirement or saving money for your children, all from the comfort of your own home.
Although investing may appear complex, there are simple and affordable methods to begin. Several top investment apps only require a minimal investment to begin trading and even offer educational resources to facilitate learning.
6. Start selling on Amazon
In 2018, third-party sellers on Amazon generated an impressive $160 billion, illustrating the significant growth of the platform as a profitable avenue for small businesses. Amazon’s Fulfilled By Amazon enables easy access to millions of customers, with the added benefit of Amazon handling crucial tasks such as storage and shipping, alleviating much of the burdensome work.
You can begin selling on Amazon with minimal capital, unlike traditional e-commerce startups. Plus, there’s no need for you to conduct product research on your own. Utilizing an online tool like Jungle Scout can assist you in selecting a profitable product and maximizing your earnings, allowing you both to have more quality time together.
7. Become a virtual assistant duo
If you possess organizational or administrative skills, you can present yourself as a virtual assistant (VA), offering your services. If you are proficient in tasks such as managing schedules, making travel arrangements, and handling email communications, you might be suited for remote VA work. Additionally, depending on the clients you work with, you may also engage in activities such as bookkeeping, managing social media, or graphic design tasks.
As a freelancer, you can begin your search for clients on platforms like Upwork or Fiverr, although it’s important to note that these platforms will deduct a portion of your earnings. In the long run, establishing your own website could be beneficial in attracting clients directly.
Opting for a specialization can be advantageous when embarking on a virtual assistant career. For instance, you may prefer to assist professionals within a specific sector or concentrate on supporting female entrepreneurs. After collaborating with a client for some time, it is essential to obtain a testimonial that can be used to showcase your skills to potential clients in the future.
8. Monetize social media
If you are a couple that enjoys using social media, you may consider exploring the possibility of becoming influencers, which can prove to be an entertaining and potentially profitable endeavor.
You can seize profitable opportunities on social media by collaborating with brands, and by creating the appropriate content, you can successfully participate.
Working collaboratively allows you to broaden your reach and potentially reach a larger audience. Since you and your partner may have appeal to varying demographics, joining forces enables you to reach a wider range of people while striving to grow your following.
Naturally, you can pursue various options. Based on your abilities, you can initiate a YouTube channel, share content on Instagram or TikTok, or attempt to dominate the market on Facebookâselecting the approach that aligns best with your brand and content.
Regardless of the social media platform you focus on, it is important to remember that it cannot be used as a shortcut to earn money instantly. Unless you already possess a large number of followers, it will require a significant amount of time to start making a profit. The crucial factors are comprehending your audience, maintaining consistency, and prioritizing quality.