Here’s an easy-to-start side hustle that can earn you thousands of dollars every month without spending a single cent.

One of the most popular ways to create a “promotional” gig is Passive income In 2024

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Impressive and Side hustle Expert Nora (@noratheaffiliate) presented a step-by-step approach to getting started with an opportunity—affiliate marketing—in a recent Clip On TikTok.

Nora emphasizes that when done correctly, affiliate marketing can potentially make interested parties $5,000 to $10,000 per month.

“What is affiliate marketing? And why is it the best side hustle on TikTok?” Nora questioned.

He quickly explained to the audience that affiliate marketing simply involves working with another company or brand to promote their products or services. Social media.

Companies give you an affiliate link where you can refer customers, and when they buy products or services through it, you get a commission. payment.

“Being an affiliate marketer is a fancy title to say that you promote a company’s product or service for a commission to make money online,” notes Nora.

“It’s very simple.”

He emphasized that affiliate marketing has several advantages and limited disadvantages in contrast to other side hustles.

Risk and reward

For starters, affiliate marketers don’t have to create their own products or services, as they are provided by the brands they work for.

Additionally, there is no arrangement to sell the product at the customer’s end, no customer service is required, and the affiliate marketer does not handle any inventory.

“It’s low cost and low risk because you’re selling someone else’s product,” Nora emphasized.

To begin, he advises viewers to choose a niche for which they want to market affiliate products or services.

Narrow niche

“The biggest mistake people make is getting too broad with their niche,” warns Nora.

He specifically gave an example of choosing. marriage Photography rather than photography in general

Side hustles and tax implications

Your additional income from side hustles may be required to be reported to the IRS.

If you receive more than $600 in total payments. From the sales platform Like eBay, the site will issue a Form 1099-K for you to use on your own. Tax return

Individuals must calculate their adjusted gross income, taxable income, and deductions for the year.

Once they have it, they can use it. 1040-ES Form for calculating Estimated Tax.

Additionally, Influencer Encouraged potential affiliate marketers to avoid reaching out to a niche that is their “passion” because it doesn’t necessarily guarantee they’ll make money.

Instead, he recommended four elements of wealth, healthor relationships.

More variants

There are still plenty of opportunities for those who feel that the affiliate marketing route is not for them.

Those looking for easy side hustles with more physical involvement can do so nearby. $600 per day Walking and herding dogs.

Even creating Lawn mowing business In your neighborhood you can earn up to $250 per day.

More involved gigs can bring in even more cash, such as $20,000 a month with a car flip Side hustle.

Writers should also note the side hustle that only requires their laptop and builds around. $192 per hour.