Ranking Side Hustles from Worst to Best for the Everyday Australian.

FOR IMMEDIATE RELEASE

16 May 2021 - SWAG Daily

SWAG Headquarters Ranks 2024 Side Hustles from Worst to Best for the Everyday Australian starting off.

SWAG, released a comprehensive ranking of online side hustles, showcasing the best opportunities for individuals looking to supplement their income in Australia. The rankings provide valuable insight into various side hustles and their potential for financial success.

According to SWAG, software development takes the tenth spot on the list. While it can be a lucrative venture, it requires a significant investment of time, money, and skills, along with effective marketing and sales efforts. Drop shipping follows at number nine, which has become oversaturated due to its popularity among a large number of individuals.

At number eight, selling online courses is cited as a viable option. However, it requires a valuable skillset, the development of a high-quality course, and effective marketing strategies. It’s worth noting that some backlash against course sellers on social media may discourage potential customers.

Day trading stocks and crypto takes the seventh spot, but SWAG highlights that studies reveal a high percentage of day traders ultimately lose money in the long run. Content creators grab the sixth position, with the potential for significant upside, although monetising on social media platforms can prove challenging.

Online coaching ranks fifth, as traditional education declines in popularity, presenting opportunities for coaches to thrive financially. However, marketing and selling oneself in this field can be challenging unless one possesses exceptional skills. Social media marketing agencies secure the fourth spot, but success depends on expertise and the ability to deliver results consistently.

The three most lucrative side hustles identified by SWAG are: paid communities at number three, where individuals with valuable skillsets can charge a monthly subscription fee and provide valuable information to subscribers; affiliate marketing at number two, which requires no specific skills or products, making it accessible to anyone; and the top-ranking side hustle is SaaS, where individuals rebrand another company's software and sell it for a monthly subscription.

"We are excited to reveal the best-paid side hustles in Australia of 2024. Our rankings provide valuable insights for everyday Australians who are looking to venture into side hustles and earn extra income."

For more information or media inquiries, please contact Corey Michal, SWAG Media Relations, at [email protected].