Ever wonder if there is anything to generate revenue aside from your job or business? Do you think that maybe you are missing out on something new that you should be starting or signing up for? Most days, you clock in the morning and out in the late afternoon, earning the same salary or revenue day in and day out.
The answer to all your questions is simple. Choose one of many listed top ten earning side hustles or sidelines. Your free time after work or on the weekends is a perfect time to start your side hustle. Soon, you will earn extra income and discover that once you get the hang of it, you could get into another side hustle if time allows it.
Below is a list of easy and practical top-earning side hustles in the Philippines. Review the list and see what field matches your skill or knowledge. Do your research and see what side hustle you can get into.
01 of 04What Is A Side Hustle?
The word side hustle means sideline or side gig. A few would use the word side hustle, but it became a common word during the pandemic.
It is another source of income that is separate from your job, business, or occupation. Recognizing your skills or talents, you can get a job or contract that is different from what you do.
The eight working hours are strictly focused on the job or business that pays your salary. But, after work hours, the time is completely yours to control.
Depending on the side gig you choose, the degree of difficulty and the hours needed will determine if you can make it work. Since your goal is to supplement your current income, your extra efforts will pay off.
02 of 04Difference between a Side Hustle and a Part-Time Job
You have to set clear goals for yourself. If you want to earn more on top of your current income, then you should start a side hustle. It takes time to establish, but this serves as your ticket to legitimizing yourself.
Whereas, a part-time job is perfect if you need to raise money immediately. You can estimate your earnings because of a guaranteed paycheck once you are employed.
|SIDE HUSTLE||PART-TIME JOB|
|You choose the term and length of the contract you enter.||You have job security based on the agreement.|
|You determine your work hours.||You have a guaranteed slot or hours.|
|You have an agreement with the client on the schedule of payment.||You know when to get your paycheck|
|You have the potential to earn more based on your skill and experience.||You have a fixed rate for the job position.|
|The contract is results-oriented, with you deciding how to complete the contract.||You do brainless tasks for the position.|
03 of 0410 Top Earning Side Hustles for Filipinos
There are many side hustles to choose from, but we will narrow down the list to the ten most realistic and doable side hustles that you can get into.
A freelancer or self-employed worker earns between PHP 10,000-100,000 from various job contracts with no long-term fixed arrangement. Most of the time, the demand is skill-based from different companies with specific expertise. Here are a few jobs that you can apply for as a freelancer on various platforms such as 199jobs.com, Bizmates PH, People Per Hour (PPH), Remote Staff PH, Rarejob PH, Upwork, Fiverr, etc.
- Digital Marketing – SEO, promotional Campaigns, digital advertorials, social media content
- Admin and Customer Service – virtual assistant, customer care representative
- Software and Web Developer – programmer, web designer
- Teaching – online tutorials, English classes
- Multimedia – video editing, sound editing, voice acting, dubbing, graphic design
- Creative Writing – article, ghostwriting, proofreading, transcription, data entry
- Events – logistics, coordination, organizing
2. Wholesale Business
Before merchandise is sold in stores or online platforms, the inventory is provided by a wholesaler. Earning a small profit from high volume sales, they are the middle man that buys large quantities of inventory.
The formula of buying bulk quantity earns them a discount from the manufacturer or direct seller. They ship the bulk inventory and then sell this to retailers or resellers who add a markup to the item and display it in their stores or online.
Wholesalers take the initiative to research products that would sell in the market. They take the financial risk of buying a large quantity per item. The stock inventory they ship is likely reserved or sold out even before they offer them in the market
3. Buy & Sell Trading
Buying and selling is a classic trading business with a possible earning of PHP 10,000 depending on your selling efforts. Before the pandemic, many would join pre-Christmas bazaars and make a hefty profit from the two-day event.
Some would group themselves for a garage sale to attract neighbors to buy their pre-owned personal items. While others would get a stand-alone stall in the mall to sell to more customers while the mall is open.
With the onset of the pandemic, online selling became the best way to make money. Any item you want to sell can be displayed on different online platforms. Lazada, Shopee, Carousell, Facebook Marketplace, and Viber group chats were so active since people avoided the malls or restaurants with the threat of Covid.
4. Blogging and Microblogging
The road to doing your blog is not as easy as you think. However, if you have a passion for writing engaging topics and gaining a following, then you are on your way to building your target audience.
Your blog can cover any topic like fitness, health, business, fashion, beauty, travel, food, sports, relationships, etc. You need the patience to build an email list that serves as your proof of followers or subscribers.
This is where your email list comes in handy to inform them of your latest article or promos that you are endorsing. Blogging requires meticulous posting and a personalized connection with your audience, using social media to grow your subscribers.
As you hit 1,000 unique visitors, you are a step away from monetizing your blog through ads, merchandise, sponsored content, consultations, etc.
Microblogging, on the other hand, is an active and daily presence on social media for quick and direct viewer feedback.
Mobile platforms such as Instagram, TikTok, Facebook, and Twitter can feature audio, images, or video content for that particular post.
5. Affiliate Marketer
An affiliate marketer is what bloggers and social media influencers strive to become. It is referred to as a passive income earner because you earn a commission from the purchases of your followers or subscribers when they use the link on your page.
The challenge is whether you can convince your audience to buy or try out the product or service when you introduce it in your blog or on social media.
While Google Adsense gives you a commission on click ads, there is more revenue in affiliate marketing.
Every time your audience clicks a link that leads to a sponsor’s content or brand, you earn a commission from the sale.
But, you likewise gain revenue from the brand as a partner when you actively create and show brand exposure through your website and social media.
6. Live or Auction Selling
Live selling involves product demonstrations of different products that a brand carries. Similar to home TV shopping, the products are featured live-stream on online platforms such as Facebook Marketplace, Instagram, or TikTok.
But the difference is the interactive content, with the host asking for bids through the comments section of the platform.
Live Selling usually offers a special sale price if the viewer buys the product within the live air time. Another way to boost excitement with the audience is to have a live auction sale done to drum up the anticipation for the highest bidder.
Surprisingly, the products fly off the shelves, with the viewers treated to an entertaining hour of audience participation.
7. Live Video Streaming
Virtual gaming has taken a big leap in terms of monetizing one’s skill and ability to be interactive while playing. If you are a person who enjoys gaming, you can turn your hobby into a profit and earn between PHP 15,000 to PHP 500,000.
You are a gaming influencer because you have built your popularity in this field with the growing number of followers or subscribers who watch you play the game. Using YouTube, Facebook Gaming, or Twitch, you play the online game live while other gamers watch.
As a result, you can start charging subscriptions or pay per view while you play. Facebook pays 55% of advertising sales if you reach 2,000 followers with 300 live audiences while you play the game.
Other forms of revenue include endorsing products, selling merchandising, advertising plugs or mentions, and affiliate links to a brand.
8. Webinars and Panel Discussions
The pandemic opened the doors to webinars and panel discussions for virtual training and upskilling. If you are an expert or academe, you can create educational and instructive content that companies would purchase for their training program.
You can likewise charge a webinar fee as a guest speaker from different organizations who want to learn a thing or two.
Another form of educational format is the panel discussion of fellow experts or academe in the field.
This is done live in front of an audience, through Zoom sessions, or a combination of both. The panelists or guest speakers talk about the chosen topics and are paid a guesting fee or honorarium for participating in the discussion.
9. Professional Service Freelancers
It’s not always easy to be an independent electrician, plumber, professional cleaner, painter, or air-conditioning cleaner if you are not part of an organization.
Listings for craftsmen, artisans, and manual labor can earn you between PHP 15,000- 40,000 per month under platform services like Raket PH, Gawin PH, StarOfService PH, etc.
Read More: Top 10 Highest Paying Jobs In The Philippines 2022
Many hesitate to do a cold hire from a stranger because of the high risk to privacy and security. When you engage in the services through social media, there is no guarantee that you are protected from a scammer.
You have a better chance to enlist your services in a platform that has a legal identity and customer reviews. Services for home repair and improvement, appliance service, moving furniture, trucking and hauling are some services you can easily find.
10. Peer-to-Peer (P2P) Lending
This side hustle is probably the least demanding of your time. It is a peer-to-peer or crowd lending platform that will make you can earn between 6%-30% of your invested money.
They lend to businesses and individuals without using a financial institution to borrow money. They match the borrowers with lenders with a higher interest rate.
If you have extra cash to invest, you can lend money to the approved applicants of online platforms like Blend PH, Vidalia, Kiva PH, Acudeen, and FundKo.
Read More: Guide to Peer to Peer Lending Platforms 2022
While pre-qualification is not as strict as the banks, they will assess the borrower’s application and the credit standing or worthiness of the borrower to ensure payments are secured.
Investing as low as PHP 5,000, you can agree to give a loan to a business and get payments through remittances in your P2P wallet or bank account.
04 of 04Final Notes
There are many side hustles that you can get into and augment your current job or business. For as long as you dedicate time and energy to this new job, you should be ok.
It will need a lot of time to study the new gig or sideline, so you know what you are getting into. Prepare yourself to give plenty of effort and network to build up your followers to gain a decent audience or future customers.
A side hustle or gig requires you to wear another hat when you start this new business. You will have to shift your mindset from your daily job activity to becoming an entrepreneur as a sideline.
But the time and effort you give will be worth it in the long term. You can sustain this gig for some time or past retirement.
You can even grow the side business and launch into related side gigs once you master what you are doing.
There is an endless opportunity behind a side hustle, but it depends on your dedication to seeing its success.
The time and effort will be worth it because you are the direct recipient of your actions. See what fits your personality and start a side hustle now!
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