Unlocking Financial Opportunities: 10 Side Hustles to Pursue.
In a recent survey conducted by Infotrak, it was revealed that a significant portion of Kenyans, approximately 73%, are facing financial distress or struggling to meet their financial obligations, with only a meager 5% feeling financially secure. In light of these challenges, 45% of Kenyans have turned to side hustles to supplement their income. Let’s explores ten viable side hustles that individuals can pursue to navigate the economic landscape and enhance their financial stability.
Freelancing: Platforms like Upwork and Fiverr offer opportunities for individuals to offer their skills in areas such as writing, graphic design, and programming. Freelancers enjoy autonomy in setting their schedules and managing their taxes.
Online Tutoring: With the rise of online learning, platforms like Chegg Tutors and Tutor.com provide avenues for individuals to offer tutoring services across various subjects and fields.
E-commerce: Launching an online store through platforms like Jumia and Kilimall or employing dropshipping techniques presents lucrative opportunities in the e-commerce realm.
Blogging/Vlogging: Creating content through blogs or YouTube channels can be monetized through ads, sponsorships, and affiliate marketing, albeit requiring consistency and dedication.
Real Estate Agent:Those with strong networking skills can explore part-time roles as real estate agents, facilitating property transactions and short-term rentals.
Photography: Leveraging photography skills for events, portraits, or stock photography, and selling images through platforms like Shutterstock, offers avenues for creative expression and income generation.
Fitness Coaching: Offering personal training services either in-person or online capitalizes on the growing demand for health and wellness guidance.
Event Organiser: Organizing weddings, birthdays, and corporate events presents opportunities for those with a knack for planning and coordination.
Ride-Hailing: Signing up as a driver for platforms like Uber or Bolt provides flexible earning opportunities, catering to varying schedules and preferences.
Virtual Assistance: Providing administrative support to businesses and entrepreneurs allows for flexibility and the chance to assist in various tasks remotely.
Conclusion:
In conclusion, the pursuit of side hustles offers individuals a pathway to financial empowerment and flexibility amidst economic challenges. Whether leveraging skills in freelancing, exploring opportunities in e-commerce, or providing services in real estate or fitness coaching, the diverse landscape of side hustles presents avenues for individuals to augment their income and achieve financial resilience in the ever-evolving job market. As these insightful analysis suggests, embracing these opportunities requires dedication, persistence, and a willingness to adapt to changing market dynamics.
Article By Suzy Nyongesa.