Most programmers are lucky to have jobs which pay them high salaries. However, there are others who live in third world countries who might not have the same opportunities as those in developed countries. I hope this article can give you some pointers on how you can make a substantial amount of side income that you can use to invest and grow your net worth. This article can also help those who already have high paying jobs but need that extra bulge in their pockets for investments or whatever people do with money. Let's get to it.
1. Create a Youtube Channel
Yeah, I know you have probably heard about this countless times, but hear me out first. YouTube is an amazing platform in which anybody can have a voice. To make it on YouTube you have to be willing to put in the work. The good thing is you don't need a million subscribers to start making money off of YouTube. So how do you do it? YouTube Ads and promoting other peoples products through your videos. Create great content that solves people's real-life problems. Know of an app that a lot of people want to build but don't know how to? make a clone of that app and guide them through the steps on YouTube. Here is another catch, you can put half of the tutorial on Youtube and the rest on platforms like Udemy and sell it for $20usd and above.
The more helpful and engaging your content is the more likely you are going to get more people interested in what you have to say.
2. Start a Blog
Every programmer should have a blog. Most people are afraid of being judged and they doubt their skills. But there is no better way of learning than explaining what you have learned to someone else in your own words. Blogging about your code not only improves your skills but it can also help you make a side income. If your blog gets a good amount of traffic you can make a substantial amount of income from Google Adsense and other affiliate programs like Amazon Associates.
3. Stock Trading (Copy Trading)
This is another great way to make passive income. If you have zero experience in this field don't be afraid. There are great platforms such as Etoro where you can copy successful traders and start making money immediately with no experience. So what happens is whatever the "guru" is trading in his/her portfolio will be automatically copied in yours. If you want to learn how to trade for yourself most brokers have virtual accounts in which they give you a certain amount of money that you can play around without risking your own money. Before you start trading just remember that investment is a risk and only trade with money you are "OK" with losing.
4. Create and Sell App Templates
If you have a good eye for design. You can create app templates and sell them on platforms like Chupamobile for mobile apps. You can sell website themes for Shopify on the Shopify theme store or WordPress themes on ThemeForest. If you have never created a theme before both platforms have great documentation on how you can get started.
5. Become a Freelancer
There are a lot of freelance websites out there. However, this space is quite crowded and it can be difficult to stand out of the crowd. Which takes us back to points number 1 and 2. If you have a good online presence it might be easier for you to get gigs. Fivver allows you to post gigs letting the community what you can offer them and at what price. The good thing is anyone can earn money from Fivver doing the simplest stuff like watching videos. You should really check it out.
I hope these few tips can help someone out there. Let me know if you have any other side hustles that you are using to make extra cash that I didn't mention.