Wednesday 2 December 2020

Side income ideas to start earning an extra $100 per month

This year has made a lot of people create a second stream of income or set up a side business as they realized that relying on one main source of income is very risky as anything can happen and you would be out of a job with no income.

Covid has hit a wide spectrum of people, from F&B to services and caused many businesses to shut. We are all afraid of losing our jobs as it is what provides us with money to survive. A few of my air stewardess friends have set up home bakeries, baking brownies and tiramisu, the number of their orders are huge scale with each session being sold out within hours. I myself have also patronize some local bakeries and though some charge at a premium, the choices and creativity really is great.

I think it makes for a great gift as well since we were encouraged not to be in close contact with one another. So to today's topic, side income ideas to start earning an extra $100 per month.

Provide your services

  • Second opinions on Carousell

Providing something for others can help you earn because people will pay for your services depending on the demand. 2 recent examples I saw that I felt was very innovative was first on this guy who gave second opinions for a token fee of $5. Though he has not been earning from this service that he is providing, I do think it is a good start and especially so when he went viral, he has gotten a few request.

  • Steven lim birthday song

The second one was on Steven Lim where he charged $100 to sing a birthday song, he managed to earn $78,000 within 7 months from it which is a crazy amount. Of course, you can provide a different kind of service depending on what you like to do.

  • Upload your high quality photos to stock websites and earn everything someone uses them

Create a YouTube channel with whatever you are good at/interested in

If you love sharing about your life or anything, YouTube is a really great platform. I would say that even though my YouTube channel is not well-established because I have seen other people who have achieved a huge follower/views on YouTube and it really is just a starting point because once you have gained a following, many of them have created courses and do affiliate marketing through their channel.

Definitely, the amount of effort into each video is huge, from recording to editing, there is much to do and learn but with visual content being the biggest thing now, there is no harm in learning new skills. With just ad revenues, big YouTube channels have said to be earning enough and it really depends on your ads and clicks but overall YouTube is a great platform to let your ideas flow.

I have been watching this channel called The Iced Coffee Hour with Jack and Graham Stephan, the guest on his YouTube channels are all huge and earn quite a substantial amount through their channels with different avenues. He reveals how much the channel has earn on every new episode and it is interesting. Of course, getting to earn from a YouTube channel is not easy as there are criteria to be reached. I would say that it is also a good way to explore other interest of yours. Cooking channels for example have been increasing since the beginning of the year as more people start cooking at home. If you have an interest or are good at it, you can film yourself learning or cooking up a storm. There are just so many ideas to present your video.

Create a blog/course/e-book

Besides having a YouTube channel, you can also earn ad revenues from blogs which you can co-create together with your channel. You can earn from the ads placed on your blogs. If you are able to attract a large following then definitely, you can also sell your own merchandise through the brand that you have created. Similarly to the Youtube channel, you can release your own courses or e-book for people to purchase.

Dividend income

Using the income earned from your main 9-5 job or from extra cash lying around can also be invested and the investments that you have can pay you dividends/interests. It might be a small amount in the beginning but once you build your capital up, the dividends that you can received monthly can turn out to be pretty substantial. Many people have managed to build up portfolios that provide them a "more than enough" monthly dividend payout.

I will be revealing in my next video how much dividends I have collected in 2020 and also my portfolio value, do look out for that!


All in all, building a side income can take time or it might not even seem rewarding in the beginning when you are putting in so much effort but not getting the returns as expected. If in the long run, it doesn't become profitable, take it as a learning experience and I believe it will be a good experience. In this time and age, setting up a website or youtube channel for yourself is easy but the content has to be good for people to want to continue to watch or read your content. I would say that my Youtube channel has very slow growth at the moment as I know the content and my expression is not as engaging. But I do hope to improve on the way and so if you like my content, do subscribe and hit the like button to show support. Thank you!

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