Singapore’s dynamic economy offers a myriad of opportunities for individuals looking to supplement their income through side hustles. From leveraging the digital marketplace to sharing your expertise or crafting skills, there’s a side hustle to match every passion and skill set.
In the face of economic uncertainty and having multiple sources of income to protect one’s future, a side hustle has become a norm in Singapore’s work-life culture.
According to a 2017 survey by USA Today, more than 54% of Singaporeans shared they do depend on side hustles as an alternative source of income.
The pandemic pushes the reality that depending on a single source of income is a dangerous way to live our future. Therefore, it’s common for Singaporeans to want to find alternative income that has:
- Work flexibility
- High income
- Entertaining to try out
- Gain work portfolio
If you are reading this article, chances are, you are looking for a way to make an income. In this article, we’ll explore various side hustles that you can engage in within Singapore, highlighting the potential of e-commerce, freelancing, tutoring, crafting, ride-hailing, and real estate investment as avenues to generate extra income.
Types Of Side Hustle That Do well in Singapore
Luckily for most people looking to earn money from a side hustle, many have tried before and have shared their results. Here at Hustle Venture, we share the recent earning data of the 30 best types of side hustle in Singapore. If you are looking for a side hustle, you may want to try out any of those listed below:
|Type of Side Hustle
|Difficulty in Starting
|Type of Work
|$2,000 ~ $6,750/month
|$3,052 ~ $4,750/month
|Freelancing through Quest
|$5 ~ $1,000/ month
|$10 ~ $100/ month
|Take Online Survey
|$0.05 ~ $5/ month
|$300> / 30min
|$10 ~ $55/day
|Pet Sitting Service
|$30 ~ $50/day
|$50 ~ $1,000/shoot
|1~5% of product sales
|Varies based on Location
|$12 ~ $15/hr
|Food Delivery Rider
|$10 ~ $25/ E-book
|Varies based on Amount Invested
|Selling Stock Photos
|$0.02 per image per month
|$3 ~ $4/ item
|$100 ~ $8,000/site
|Print on Demand
|$2 ~ $4,639/ month
|$10/hr ~ $6,501/month
|$30/hr ~ $4,138/month
|Social Media Manager
|$300 ~ $3,000/month
|$500 ~ $4,000/month
|Testing for Website and app
|$5 ~ $10/test
|Vary based on product and commission
|Starting from $5 to $1,000 per article
|Vary based on product and commission
That being said, there are 5 of the more popular side hustles that Singaporeans are starting to take up right now.
1) Exploring E-commerce
Setting up an online stall isn’t as hard as it contrary to people’s beliefs. How much you need can depend entirely on you.
If you are not looking to invest in setting up an online stall, you could always use TikTok Creator Marketplace. The platform allows creator to list their affiliate product and TikTok is able to do the entire shipping process.
If you would like full control of your e-commerce business, you can create a WordPress blog or a Shopify stall to promote your promotion. These platforms do charge a yearly fee but the user experience on these sites is much more enjoyable.
To get started on running your e-commerce business, here’s what you need to know:
Identifying Your Niche Market
In the bustling world of e-commerce, finding your niche market is crucial. It’s about discovering a specific area where your interests and the needs of a particular group of consumers align. Start by assessing market trends and identifying gaps that you can fill with your unique product offerings.
Consider the following steps to pinpoint your niche:
- Evaluate your passions and expertise
- Research consumer interests and pain points
- Analyze competitors and look for underserved areas
Tip: Always keep an eye on emerging trends that may offer new niche opportunities.
Remember, a well-defined niche can lead to a more targeted marketing strategy and a loyal customer base. It’s not just about selling products; it’s about creating value in a space where you can be a market leader.
Choosing the Right E-commerce Platform
Selecting the right e-commerce platform is crucial for the success of your online store. It’s the foundation that supports your products, manages transactions, and shapes the customer experience. Consider the following factors when choosing a platform:
- Ease of use: A user-friendly interface is essential for managing your store efficiently.
- Scalability: Your chosen platform should grow with your business.
- Security: Ensure the platform has robust security measures to protect customer data.
- Payment options: Multiple payment methods cater to a wider audience.
- Customer support: Reliable support can be a lifesaver during technical difficulties.
Tip: Always test the platform with a trial period before committing to it, to ensure it meets your business needs.
Here’s a comparison of popular e-commerce platforms to help you make an informed decision:
|Starting Price $29
|Transaction Fees 2.9% + $0.30
|Most popular e-commerce website builder
|Starting Price $27 $13.50 until Jan 25
|Transaction Fees 2.9% plus $0.30
|Most affordable of all and has many features
|Starting Price $29
|Transaction Fees None
|Most affordable of all and have many features
Remember, the right platform is one that aligns with your business goals and makes the online selling process as smooth as possible for you and your customers.
If you are looking to start a website, it’s always best to start with WordPress.
Marketing Your Products Effectively
In the bustling online marketplace, marketing your products effectively is crucial to stand out. Crafting a compelling brand story and leveraging social media can significantly increase your visibility.
Engage with your audience by creating content that resonates with their needs and preferences. Use analytics tools to track customer behavior and refine your marketing strategies accordingly.
Here are a few key marketing tactics:
- Utilize search engine optimization (SEO) to improve your store’s online presence.
- Invest in pay-per-click (PPC) advertising to drive targeted traffic.
- Build an email list for direct marketing and personalized promotions.
Remember, consistency is key. Regularly update your marketing campaigns to keep your brand fresh and relevant in the minds of consumers.
2) Freelancing in the Digital Age
Someone needs help? Support them!
Freelancers have the best of both worlds when it comes to making money. You can do it as and when you’ll like and it’s based on your time.
Leveraging Your Skills on Freelance Platforms
In Singapore’s bustling gig economy, freelance platforms offer a plethora of opportunities for individuals looking to monetize their skills. Whether you’re a graphic designer, writer, programmer, or consultant, these platforms can be your gateway to a diverse client base.
To begin, create a compelling profile that showcases your expertise and experience. Highlight past projects and include a portfolio if applicable. Here’s a simple list to get you started:
- Complete your profile with a professional photo and a detailed bio
- List your skills and certifications
- Set competitive rates based on your experience and the market
- Gather and display testimonials from previous clients
Remember, consistency and quality of work are key to building a sustainable freelance career. As you complete projects successfully, your reputation on the platform will grow, leading to more opportunities and potentially higher rates.
Tip: Always communicate clearly and promptly with clients to foster trust and ensure project clarity. This can lead to repeat business and referrals, which are invaluable for freelancers.
Building a Personal Brand
In the realm of freelancing, building a personal brand is not just about self-promotion; it’s about establishing trust and authority in your field. Your personal brand is the unique combination of skills and experiences that make you stand out from the crowd.
- Identify your unique selling points (USPs): What makes you different from others in your field?
- Consistency is key: Ensure your messaging and visual branding are consistent across all platforms.
- Engage with your audience: Build relationships through social media, blogging, and networking.
Remember: Your personal brand is an ongoing journey, not a one-time effort. It evolves as you grow professionally.
By nurturing your brand, you create a reputation that can lead to more opportunities and higher rates. It’s essential to reflect on your goals and align your brand accordingly. Whether you’re a graphic designer, writer, or consultant, your personal brand is your most powerful marketing tool.
Managing Freelance Finances
Managing your finances as a freelancer is crucial for sustaining your business and ensuring a stable income. It’s important to keep track of your earnings and expenses to understand your financial health. Start by setting up a budget to monitor cash flow and allocate funds for taxes, savings, and investments.
- Create a separate bank account for your freelance income and expenses to simplify bookkeeping.
- Use accounting software to automate invoice creation and track payments.
Here’s a simple table to help you visualize a basic financial management plan:
|After project completion
|To ensure timely payments
|To monitor and control spending
|To adjust financial plans
Tip: Always set aside a portion of your income for taxes to avoid year-end surprises. Regularly review your rates and adjust them based on your experience and market demand to maximize your earnings.
Finding Your Subject Expertise
Identifying your area of expertise is crucial when considering a tutoring side hustle. Start by assessing your academic strengths and any subjects you are particularly passionate about. Reflect on your educational background and any relevant certifications or qualifications you possess.
Consider the following steps to pinpoint your subject expertise:
- Evaluate your academic history and identify subjects you excelled in.
- Think about topics you enjoy discussing or explaining to others.
- Assess the demand for tutors in different subjects within Singapore.
Once you’ve identified your strong suit, research the curriculum and standards for that subject in Singapore’s education system. This will ensure that your tutoring aligns with what students are learning in school.
Tip: Stay updated with the latest educational trends and changes in the curriculum to maintain relevance and effectiveness in your tutoring services.
Setting Up a Tutoring Business
Once you’ve identified your subject expertise, the next step is to establish your tutoring business.
To set up a successful tutoring business, consider the following steps:
- Define your target student demographic
- Decide on the tutoring services you will offer
- Determine your pricing structure
- Choose a location for your tutoring sessions (online, at your home, or at the student’s place)
- Develop a business plan outlining your goals and strategies
Tip: Always have a written agreement or contract with your clients to avoid misunderstandings regarding session timings, payments, and cancellation policies.
Remember, the quality of your tutoring is paramount. Invest in quality teaching materials and continuous professional development to enhance your teaching skills. This will not only improve your students’ learning experience but also bolster your reputation as a tutor, leading to more referrals and a thriving business.
Promoting Your Services
Once you’ve established your tutoring services, the next crucial step is promoting your offerings to attract students. Word-of-mouth is a powerful tool, but in the digital era, an online presence is indispensable. Start by creating a professional website and engaging on social media platforms where your target audience spends their time.
Networking is key to spreading the word about your tutoring business. Attend local educational fairs, school events, and join online forums related to education. Here’s a simple list to help you get started:
- Develop a user-friendly website showcasing your expertise
- Utilize social media for regular updates and student testimonials
- Offer free trial sessions to new students
- Collaborate with schools and educational centers
Remember, consistency is crucial when it comes to marketing. Keep your messaging clear and your branding cohesive across all platforms. > Tip: Always follow up with inquiries promptly and professionally, as this can greatly increase your chances of converting potential students into regular clients.
4) Crafting and Selling Handmade Goods
Discovering Your Crafting Passion
Embarking on a journey to sell handmade goods begins with discovering your crafting passion. It’s essential to explore various crafts and find one that not only excites you but also has a market demand. Start by asking yourself what you enjoy creating, and consider how unique or sought-after those items are.
Reflect on your hobbies and pastimes to uncover a craft that aligns with your skills and interests. Here’s a simple list to help you brainstorm:
- Jewelry making
- Pottery and ceramics
- Textile arts like knitting or sewing
- Paper crafts such as card making or scrapbooking
- Woodworking and furniture making
Tip: Don’t be afraid to experiment with different materials and techniques. The best craft for you is one that you love working on and can also appeal to potential customers.
Once you’ve pinpointed your craft, immerse yourself in the community. Attend workshops, join online forums, and follow influential crafters to stay inspired and informed. This will not only refine your skills but also help you understand the business side of crafting.
Utilizing Online Marketplaces
Once you’ve honed your crafting skills and have a collection of handmade goods ready to sell, it’s time to tap into the power of online marketplaces. Platforms like Etsy, Carousell, and Shopee provide a vast audience of potential buyers and an easy-to-use interface for sellers. Here’s a quick guide to get started:
- Research the best platform for your products.
- Set up a seller profile, ensuring your store’s branding is consistent and appealing.
- List your items with high-quality photos and detailed descriptions.
- Monitor your shop’s performance and engage with your customers for feedback.
Tip: Always keep an eye on the competition and adjust your strategies to stay ahead. Use customer reviews and interactions to improve your offerings.
Remember, each platform has its own set of rules and fees, so it’s crucial to understand the costs involved. A well-managed online storefront can significantly expand your reach and increase sales, making it a vital component of your crafting side hustle in Singapore.
Pricing and Shipping Your Creations
Determining the right price for your handmade goods involves considering both the cost of materials and the time you’ve invested in creating each piece. It’s important to strike a balance between making a profit and offering competitive pricing. Researching what similar items are selling for can give you a good starting point. Remember, your unique creations have value, and your pricing should reflect that.
When it comes to shipping, efficiency and reliability are key. Offering multiple shipping options can cater to different customer preferences, from standard to expedited services. Here’s a simple breakdown of shipping considerations:
- Packaging: Ensure items are secure and well-presented.
- Delivery Times: Clearly communicate expected delivery times.
- Costs: Offer transparent pricing, possibly including free shipping thresholds.
Tip: Consider including a handwritten note or a small freebie as a personal touch that can encourage repeat business.
Finally, keep track of your shipping expenses and adjust your pricing strategy as necessary to maintain profitability. Regularly reviewing and updating your shipping practices can help you stay competitive and keep your customers satisfied.
5) Ride-Hailing and Delivery Services
Understanding the Ride-Hailing Ecosystem
The ride-hailing ecosystem in Singapore is a dynamic and competitive space, with multiple players vying for market share. To succeed as a driver, it’s crucial to understand the various components that make up this ecosystem. Ride-hailing apps like Grab and Gojek are at the forefront, providing platforms that connect drivers with passengers.
Key factors to consider include peak hours, surge pricing, and the different incentives offered by platforms. Here’s a simple breakdown:
- Peak hours: Typically morning and evening rush hours.
- Surge pricing: Occurs during high demand, increasing earning potential.
- Incentives: Bonuses for completing a certain number of rides or operating in specific areas.
Tip: Always stay updated with the latest app features and promotions to maximize your earnings.
Understanding the local regulations and requirements for ride-hailing services is also essential. This includes obtaining the necessary licenses and adhering to safety standards. By keeping these factors in mind, you can navigate the ride-hailing ecosystem more effectively and boost your income.
Maximizing Earnings with Delivery Apps
To maximize earnings with delivery apps in Singapore, it’s essential to understand the peak hours and high-demand zones. Strategic scheduling can significantly boost your income, as prices surge during busy times. Consider the following tips:
- Align your working hours with lunch and dinner peaks.
- Stay updated on events and weather conditions that might increase demand.
- Take advantage of bonuses and incentives offered by the apps.
Additionally, maintaining a high rating can lead to more frequent delivery requests and, consequently, higher earnings. Efficient route planning is also key to maximizing deliveries per hour. Here’s a simple strategy to follow:
- Accept orders that are clustered in the same area.
- Use a reliable GPS app to find the quickest routes.
- Avoid areas with heavy traffic whenever possible.
Tip: Always keep an eye on the fuel efficiency of your vehicle. Saving on gas can significantly increase your net earnings.
Remember, balancing flexibility with a strategic approach can make ride-hailing and delivery services a lucrative side hustle in Singapore.
Balancing Flexibility and Income
When participating in ride-hailing and delivery services, one of the most appealing aspects is the ability to choose your own hours. However, this flexibility can sometimes come at the cost of reduced income. To strike the right balance, it’s important to understand peak demand times and align your schedule accordingly.
- Identify peak hours for both ride-hailing and delivery services to maximize earnings.
- Adjust your availability to meet high-demand periods without overworking yourself.
- Keep track of your earnings and hours to find the optimal work-life balance.
Remember, the key to balancing flexibility and income is to work smarter, not harder. By strategically choosing when to work, you can enjoy the benefits of a flexible schedule while still achieving your financial goals.
Looking for a Side Hustle?
Whether you’re looking to leverage your professional expertise, explore creative outlets, or capitalize on the gig economy, there’s an opportunity waiting for you. Remember, the key to a successful side hustle is finding something that you’re passionate about and that complements your lifestyle.
With dedication and the right approach, your side hustle can not only provide extra income but also enrich your personal and professional growth. Embrace the journey and let your side hustle take you to new heights in the vibrant landscape of Singapore.
Frequently Asked Questions
How do I identify a profitable niche for my online store?
To identify a profitable niche for your online store, research current market trends, understand customer pain points, and look for gaps in the existing market. Consider your interests and expertise to find a niche that you’re passionate about and that has a demand.
What are the best platforms for freelancing in Singapore?
Some of the best freelancing platforms in Singapore include Upwork, Freelancer, and Fiverr. These platforms offer a wide range of opportunities across various industries. It’s also beneficial to network on LinkedIn and join local freelancing communities.
What qualifications do I need to become a tutor in Singapore?
To become a tutor in Singapore, you typically need to have a strong understanding of the subject you wish to teach. Qualifications can vary from having a degree in the subject, teaching certifications, or proven experience. It’s also important to be familiar with the Singaporean education system and curriculum.
How can I determine the right price for my handmade goods?
To price your handmade goods, calculate the cost of materials, and time spent creating the item, and include a profit margin. Research similar products to understand market pricing. Consider the uniqueness and quality of your work when setting prices.
Is it more profitable to drive for a ride-hailing service or to do delivery services?
Profitability can vary depending on the time of day, demand, and your location. Some find ride-hailing more profitable during peak hours, while others prefer delivery services for the flexibility and potential for tips. It’s best to try both and determine which works better for your schedule and income goals.