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You don’t need more resources; you need strategy
Imagine checking your phone during breakfast and realizing that you’ve raked in $1,000 or more that month…not from your job, but from your own side hustle. How would this improve your ability to live in comfort, pay off your debts, and cover your bills when the cost of living is already high? Picture the joy and satisfaction that would come from knowing that you just bumped up your salary by an extra $12,000 a year, all without needing to beg your employer for a raise.
That’s the reality for a growing number of American professionals with e-commerce side hustles right now. A new survey of 1,000 American professionals by Omnisend revealed that of the respondents who did ecommerce as a side hustle, about 12% make $1,000 or more from their e-commerce side hustles each month. (The survey’s findings were shared via email correspondence for this story.)
And they’re not putting in excessive hours either. About 46% spend between five to 10 hours a week working on their business, while only a quarter report using 11-20 hours on their e-commerce business. And if you think you’d need extensive years of experience to achieve this level of success, you’re wrong, because a sizeable proportion--a third of the e-commerce side hustlers surveyed--have only launched their side hustle less than a year ago. Some are as fresh as six months into their business.
So what is it that is making this small percentage of ecommerce side hustle businesses wildly successful?
How To Make $1,000 Online From Your Side Hustle
According to the survey, these U.S. professionals share three tips or principles that they adhere to, which ensures long-term profitability and financial freedom (and these tips apply to other types of side hustles too so are not limited to ecommerce alone):
1. Invest Small
Many of these side hustle business owners bootstrapped and were financially savvy, funding their ventures on a shoestring budget. “One-third launched their store with just $500–$1,000 of investment,” Omnisend analysts revealed. Their most common ongoing expenses are logistics (46%), equipment and supplies (36%), and marketing (29%).
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