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GETTING extra cash is a necessity for some Americans right now – and there’s an easy way to get it done quickly.
You can earn up to $10,000 monthly with a simple-to-start side hustle and you barely need to lift a finger.
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TikToker Lizzie (@howtosellyourstuff) shared a video detailing her easy side hustle to viewers.
The content creator said in his caption that the little-known venture is “the most exciting passive side hustle for 2024.”
She added: “I can’t help but scream it from the rooftops!”
The savvy influencer said she stumbled across some shops on Etsy that were selling “digital downloads” by using Midjourney images and packaging them for customers.
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One of Lizzie’s podcast listeners soon got in touch, informing her that a friend had allegedly bagged upwards of $10,000 a month.
The self-styled “serial entrepreneur” decided to follow suit.
Lizzie achieved 200 sales in her first month and is now close to opening her third shop.
Business is now booming, and Lizzie has now enlisted a VA to “do a whole bunch of the graphic work” for her because she “can’t keep up” with demand from customers.
GET SOCIAL
With time and a bit of commitment, you can build up a strong enough following on social media platforms and get paid to promote products and services.
The simplest way to earn money is by partnering with a brand as an Instagram influencer.
They send you products to test out and review in your posts and in exchange they’ll pay you a fee.
You must have a minimum of 1,000 followers to become an influencer and the more followers, the bigger the fee.
Your followers also need to engage with your posts, as this also affects how much you.
SELL SELL SELL
Good for your wallet and for the world, reselling unwanted items such as clothes or children’s toys is increasingly popular.
There are plenty of apps and websites that make it super easy to sell your items online by finding potential buyers for you and handling a lot of the shipping process.
Each platform and app offers something slightly different, so it can be a good idea to try a few out until you find one that works for you.
The biggest and the most established platforms are eBay and Amazon.
Side hustles and tax implications
Extra income you make from side hustles may need to be reported to the IRS.
If you receive more than $600 in gross payouts from a selling platform like eBay, the site will issue you a Form 1099-K to use in your tax return.
Individuals should calculate their adjusted gross income, taxable earnings, and deductions for the year.
Once they have that, they can use the 1040-ES form to calculate estimated taxes.
Both have massive reach, though Amazon’s Marketplace tends to appeal mostly to small businesses.
Some side hustlers scour thrift shops for cheap items they then sell for a profit.
Generally speaking, there’s no limit on how much you can earn from reselling but the more expensive and in demand the item, the bigger the profit.
Secondhand designer handbags can go for hundreds and sometimes thousands of dollars.
