A monthly salary usually isn’t enough to have a comfortable life. This is the reason why having “rackets” or “side hustles” is important. It allows you to be more productive and it generates more money for you monthly versus just relying on your job. The money you earn is also dependent on how much time and effort you put into it. That said, here are 5 side hustles you can do today in the Philippines leveraging digital and technology.
1. Be a Grab or Uber Partner
If you have a car, you can apply to be a Grab or Uberpartner. The great thing about this is that you’re your own boss. You can bring the car out during your free time or during certain windows where Uber/Grab pays more. You just have to bear with the insane Manila traffic but at least you’re getting paid for it.
This is probably the riskiest way to make more money. Given how Bitcoin’s value is skyrocketing right now, you can make a bet on it by buying a certain amount and just wait for it to appreciate. You can sell it later on when the value has grown significantly.
By the way, there’s no minimum amount to buy Bitcoin. You can just start with 500 and learn about it. Once you’re more comfortable, you can start investing more.
3. Sell on Lazada
If you have products you can sell, you can do it via Lazada. They have millions of traffic daily. Think of it as joining a bazaar but instead of thousands of people daily, you have millions of potential buyers. To sell on Lazada you need to be an official business (either sole prop via DTI or company via SEC). You can read more about how to sell online Lazada in the Philippines here.
4. Sell on OLX
This is probably the most underrated way to make more money. Take a look at your house and check which items you’re not using anymore. You can sell those to make money. Just take photos, make an account on OLX, list them, and wait for the buyers. Once you have a buyer, nego the price, sell, and then deliver or have them pick the item up. You’ll be surprised at how much cash you can make through this.
5. Make Your Own Online Store
Last, but definitely not the least, is to make your own online store. This used to cause hundreds of thousands of pesos to do but now you can just sign up an account at Shopify or Shopee and they have ready made templates and services (payment platform, COD, shipping) that you can take advantage of for a minimal fee monthly.
So there you go! 5 ways for you to make more money this Holiday season!