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Friday, January 10
E-commerce & Dropshipping

10 Ecommerce Side Hustles that can Pay $100,000+ in 2024

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If you’ve been searching online for ways to make money on the side of your regular job, you might have repeatedly come across two words: ecommerce, and dropshipping (which is a type of ecommerce that doesn’t require you to hold inventory yourself).

But what exactly is ecommerce? You might think it’s too complicated to even want to give a try, but it’s actually easier than you think once you get started.

There are countless stories of overnight entrepreneurs who have raked in significant profits because they identified an area of the market that was being underserved, or in which there was strong commercial intent and demand, and they struck gold because they appealed to that need with their ecommerce products as a result of their painstaking research.

Take Brook Hiddink as an example.

While attending his second year of law school at Queen’s University, Hiddink had the realization that traditional career paths weren’t fulfilling his entrepreneurial drive. “I didn’t enjoy the work enough to want to do it for the rest of my life,” he says. He was desperate to do something different than law and figured dropshipping seemed like a good idea. Hiddink then bought a $3,000 course and immediately thought it was not for him. But instead of giving up, he decided to put the little he had just learned to use.

Brook concentrated on selling premium, high-margin products through platforms like Shopify, meeting the needs of a very discerning customer base looking for quality and value.

Because of his tenacity and determination, this side hustle generated over $4.6 million in revenue, which prompted him to share his knowledge through Highticket.io, helping others achieve similar results (this has now become his main focus)

What Is Ecommerce?

But before we get started on the different types of ecommerce side hustles that you could pursue, let’s first examine, what exactly is ecommerce anyway?

Ecommerce simply means electronic commerce, and it refers to the trading of physical or digital goods via online platforms. Some people choose to sell on their own website, or on social media platforms such as Facebook Marketplace, while others opt for using ecommerce sites or a combination of both. Others even go as far as to have a traditional brick and mortar store while also amplifying their presence via ecommerce.

Why Ecommerce?

Perhaps one of the greatest benefits of ecommerce to you as a professional managing a side hustle, is that it can be done completely online, allowing to make money online from the comfort of your home; additionally, it is scalable and enables you to reach more customers than would ever be possible if you relied on a physical location only.

The potential for global reach and exposing your product(s) to multiple customers allows you to make unlimited money, and depending on how you are set up, you can even generate passive income from this.

All these factors make ecommerce very attractive as a side hustle.

High-Paying Ecommerce Side Hustles For 2024

Here are a few ecommerce side hustles that you should consider in 2024:

  1. Amazon FBA
  2. Selling online courses
  3. Selling apps on app marketplaces
  4. Flipping websites and domains
  5. Dropshipping on other sites besides Amazon
  6. Selling handmade goods on Etsy
  7. Print-on-demand products
  8. Ecommerce consulting
  9. Affiliate marketing
  10. Selling customized gift products

As you can see, ecommerce offers you many opportunities to bump up your salary, replace your job if you’re really successful, and sell products that you are passionate about—all from the comfort of your home. You can also inject your unique background experience into your products so that your products are of greater quality and you can be passionate about the items you’re selling. Take time today to carve out your niche and the unique product(s) you intend to sell, and get to know your market inside out so you can be the next success story.

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