5 Best Side Gigs To Earn $50K a Year or More

Growing your income will move you closer to your long-term financial goals and make it easier to pay off debt. While you can job hop, work overtime, or ask for a raise, it’s also possible to earn extra money with a side gig.

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Some side gigs have the potential to turn into full-time careers, but you can also perform these gigs without leaving your job. Even better, some of these gigs pay pretty well. You can earn $50k a year or more with these side gigs on a 9-to-5 schedule.

Many businesses use social media to interact with their customers, but most company owners don’t have enough time to regularly post. That’s why they hire people to assist with updating their social media accounts with new content.

You can get steady retainers with some social media management clients. If you earn $1,000 per month from a single client, then you only need four of them to make close to $50,000 per year.

Social media managers can schedule social media posts in advance. That way, you can focus on your job during working hours. It may be worth checking on some of your clients’ pages during your lunch hour and prospecting whenever you can.

You will have to send emails to many companies before you get enough clients to earn $50,000 per year. If you develop a daily habit of emailing potential clients for 30 minutes per day, you may find yourself in a good position by the end of the year.

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Some companies prefer to pay for online ads instead of creating new content. These ads can put them in front of the right customers, but that’s only if the online ads work. Instead of learning how online ads work, some companies turn to experts to get it done for them.

You will have to take some online ad courses on the side before you get started with this side gig. There are plenty of free courses that offer certifications, and you can also watch YouTube videos to get familiar with the different dashboards.

Once you have the knowledge, it’s the same formula as social media management. You will have to send many pitches before you get enough clients to earn $50,000 per year. It takes a good amount of work to create an ad campaign, but once you create the campaign, you just have to monitor it and make slight changes if necessary.