How to Start a Passive Income Side Hustle That Uses Assets You Already Own, From 3 People Who Make Thousands of Dollars Doing It You could be sitting on a major money-maker.
By Amanda Breen and Frances Dodds Edited by Jessica Thomas
Key Takeaways
- Fifty-four percent of Americans say they've started a side hustle to supplement their primary source of income in the past 12 months.
- Some side hustles require significant investments of time and money, while others offer passive income opportunities that are too good to pass up.
More than half (54%) of Americans say they've started a side hustle to supplement their primary source of income in the past 12 months, according to a MarketWatch survey. These days, just about anyone can find a side hustle that suits their lifestyle, talents and interests. Use a cherished family recipe to make a sweet snack. Turn your collector's hobby into a resale business. Overcome your creativity block with a service that helps other people do the same.
But starting a side hustle with the potential to become a full-blown business often means substantial investments of time and capital upfront, and there's something to be said for a side hustle that requires minimal effort — the kind that's such a no-brainer that not doing it is tantamount to flushing money down the drain. One sure path to passive income success? Take advantage of assets you already own.
Related: 15 Weird and Wonderful Side Hustles You Never Knew Existed
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