With the current high inflation rate, finding ways to increase income and achieve financial stability is a priority for many individuals. And especially within marginalized communities.
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For African Americans, who have historically faced systemic economic challenges, pursuing additional income streams is an empowering strategy. A strategy that aims to bridge the wealth gap and create opportunities for economic advancement.
Dive in and explore eight side hustle ideas to boost your income in the African American community. By adding extra income streams to their primary sources, African Americans can enhance their financial well-being, cultivate economic independence, and create a path toward growing wealth.
1. Start Dropshipping
Dropshipping is an eCommerce model where you sell products without holding inventory. When a customer orders, you’ll buy the product from a third-party supplier that ships it directly to the buyer. This approach reduces overhead and risk for you. That’s what makes it an appealing side hustle for African Americans.
To get started in dropshipping, you’ll need to set up an e-commerce store and source for one or more suppliers with items to sell. You can build your website or use platforms like Shopify, Amazon, or eBay.
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2. Edit Resumes
Many people need help with writing their resumes. That’s why they turn to experienced writers who can craft a professional resume.
As a professional writer, you’ll produce professional summaries for your clients. You’ll work directly with individuals who need professional resumes written. The clients will provide you with their work history, job qualifications, skills, and areas of expertise, and you’ll take that information and turn it into an attention-grabbing and engaging document.
You can find clients freelancing on marketplaces like Upwork and Fiverr.
3. Become a Virtual Assistant
Do you have good skills in managing emails, phone calls, using office software, or organizing calendars? If so, you could make money from the comfort of your home as a virtual assistant. Virtual assistants offer remote administrative support for businesses, similar to an in-office secretary.
You can work full-time or part-time. Your level of experience and workload will determine how much you’ll earn. According to ZipRecruiter, a virtual assistant in the US earns an average of $33.84 an hour.
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4. Start a Pet-sitting and Dog Walking
Pet sitting involves looking after animals while owners are away. You can walk, play, and feed the pets as a pet sitter. In the past, finding clients was the most difficult of becoming a pet sitter or a dog walker, but platforms like PetBacker, Rover, PetSitter.com, and Wag have made it easier than ever to find good-paying clients needing a hand.
5. Drive for Uber or Lyft
As a Lyft or Uber driver, you will use your cars to transport passengers and earn money through fares. Your job is simply to pick up passengers through the rideshare mobile app and take them to their destinations. Register a driver account, complete the background check, and ensure your car meets the requirements to get started.
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6. Become a Transcriptionist
Becoming a transcriptionist could be your perfect side hustle if you’re detail-oriented and can type fast. As a transcriptionist, you’ll listen to video recordings and audio files, then type what is said into a document. According to Indeed, The average salary for a Transcriber is $20.52 per hour in the US.
What we love about this side hustle is that you don’t need expensive gear or special equipment to start. You just need a computer with a high-speed internet connection and a word processor like Microsoft Word.
7. Edit Videos
Like photos, videos usually need editing before they can be used for family remembrances or commercial purposes. If you know how to use video editing software, you could make side hustle money helping individuals and businesses make their videos look more professional.
The market for video editing gigs includes event planning brands, agencies, movie and TV producers, news media, and realtors. To get started, you’ll need to create a strong portfolio containing a few samples of your work and promote your services through social media and marketplaces like Fiverr and Upwork.
8. Become a Freelance Writer
Search Engine Optimization (SEO) marketing depends on useful and engaging content. This dependence has created a high demand for content writers. Global SEO spending is growing at a CAGR of 20.27%, moving towards reaching $108.89 billion by 2026, according to projections. This means a constant workflow for writers who can write useful and quality content.
To get started with freelance content writing, you must build a portfolio of writing samples to show your skills. Once your samples are ready, the next step is promoting your service using platforms like LinkedIn, Upwork, Facebook, and Twitter.
Side hustles offer a tremendous opportunity for individuals within the African American community to boost their income, overcome economic disparities, and achieve financial independence. By identifying side hustle ideas that align with your passions and skills, you can embark on a journey of entrepreneurship that generates additional income and empowers you to shape your destiny.
People also read: How to Stop Black Tax from Hurting Your Finances
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