Are you a data scientist? You might be missing out on some opportunities to make money from it. Even if you already have a full-time job in data science, you will be able to leverage your expertise as a big data expert to make extra money on the side.
If you’re feeling strapped for cash and feel like you can earn more money with your knowledge and skills, then starting a side hustle in 2022 is an excellent idea. Everyone has the chance to do more in life and go further, and starting your own side hustle is a great way to do this. You can embark on an exciting adventure and earn more money from it, which will give you more freedom in the future.
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Ways that Data-Savvy People Can Make Money with Side Hustles This Year
There are a lot of ways to capitalize off of your knowledge of data science. You can turn these skills into profitable side hustles if you play your cards right.
A side hustle is essentially an activity outside of your normal day job to supplement your income.. This isn’t your full-time job, but something you do, alongside it, to earn some extra money. The whole point of a side hustle is purely to earn some extra money. However, these side hustles often turn into full time and permanent business opportunities.
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So now that you know where is a good place to get started and set up with your side hustle. It is time to think about the type of side hustle you want to start up. It’s great to have a platform to help you get started, but you need to know exactly what side hustle that you would like to pursue in the first place.
Here is a list of side hustle ideas for 2022 to help get you started. Remember, anyone can start up a side hustle business, you just have to believe in it to get it running.
Side hustles are an excellent way to earn some extra money and can eventually lead to you having your own business that you work on full time. Below is a list of side hustle ideas to help you get started and hopefully inspire you.
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- Dropshipping
Dropshipping is one of the most popular and perhaps one of the best side hustles to start in 2022. Dropshipping is a retail business where you can take orders from customers. One of the differences between dropshipping and other retail business ideas is that you don’t keep the goods in stock. Instead, you will work with a company that keeps the stock in their warehouse and the seller accepts the customer orders. When an order comes in, you then communicate with the warehouse where the stock is, to tell them what to send and where to send it to. It’s the perfect side hustle to start, as it’s so easy to do. You don’t have to deal with the hassle of storing the stock yourself and having to send it out, as someone else does this for you. Since it’s so simple, you can start and run your own dropshipping business, you just need to get the basics set up.
You will have a much easier time creating a successful dropshipping business if you are proficient with big data. Here are some reasons that data scientists will have a strong edge over their competitors after starting a dropshipping business:
- Data scientists understand how to use predictive analytics technology to forecast trends. This is essential for dropshipping, because you need to know what products to focus on selling.
- Data scientists know how to leverage AI technology to automate certain tasks. They can use this skill to automate their social media marketing strategy and create new lists more efficiently.
- Keyword research is an essential part of SEO, which is crucial for any dropshipping business. Data scientists can develop their own customized data mining tools that use the Google Keyword Planner API to find the best keywords for their business.
However, you might still be looking for even easier ways to start a side hustle as a dropshipper. First of all, a great place to get started with your side hustle is with Sellvia. This tools handles a lot of the data analytics and automation features for you.
With the platform Sellvia, it’s great place to start out any type of side hustle business. Sellvia provides support with everything you need to get started. With a side hustle you need to find a supplier, import products to your website and promote your store. These are the basics for starting a side hustle, but all of these things can be done through Sellvia. They provide great support system through the journey too. If you’re thinking of starting up a side hustle in 2022, then Sellvia is a great platform to help you get started.
- Create and sell homemade goods on Etsy
If you have a hobby that involves creating homemade goods, then this is an excellent side hustle adventure for you. If it’s something you’re good at doing and enjoy doing anyway, why not sell these creations? Whatever it is you can make, it’s worth trying to sell them and starting a side hustle from your hobby.
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You might be wondering how you will have an advantage as a data scientist after starting an Etsy shop. The answer is that Etsy relies on a proprietary search algorithm that was created with machine learning. It uses complex data analytics features. You might have an easier time reverse engineering this algorithm as a data scientist by conducting regression analyses based on observable variables, such as tags, video usage, types of listing images and the presence of certain keywords in listing descriptions. As a data scientist, you can use these insights to better rank your own listings and make a bundle!
- Graphic designs that can be printed or used online
If you’re good at graphic designs and know how to use the software to create them, then why not consider selling these graphics? You can either give the option to print and send them or you people can purchase an online copy of the design that they can either use online or print off themselves. If it’s something you already have the knowledge and skills to do, then it’s worth venturing into this as a side hustle. As well as people wanting them for personal use, you will also have businesses that want graphics designing too, so there’s a great variety of potential customers.
We have previously pointed out the benefits of AI and big data for graphic design. You can use data-driven web and graphic design software to assist you.
One of the wonders of AI is that it allows you to automate many design functions through tools like PhotoShop and Illustrator. You can learn more about their batch automation features here.
- Blogging
Starting a blog is one of the most popular side hustles that anyone can start. You can write a blog from anywhere in the world and you don’t need a large intial investment to do it either. As long as you have a laptop and internet connection, you can write and upload blog posts wherever you go. They’re also easy to get started with and you can specialize in a variety of things.
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If you have a topic, you’re passionate about or have a lot of knowledge in, that’s a great starting point for your blog. Often, the way to make money from blogs is to include referrals to products or offer sponsors or advertisement on your page.
Blogging is another business idea where data scientists have a huge edge. They know how to use data mining to better identify keyword opportunities. They can also use machine learning technology to create content more efficiently. Furthermore, they can use data analytics more effectively to determine the best performing strategies on social media and create better content.
- YouTube
Again, another very popular idea for starting a side hustle, is to start a YouTube channel. This is very similar to a blog, but instead you record videos and upload them to YouTube. These videos could specialize in gaming, be daily vlog of your life or be challenge videos. There is a wide variety of different videos you can record and upload to YouTube. Some people focusing more on lifestyle content and others focus on things like food and gaming. Again, if you have something you’re passionate about, you can use this to create a YouTube channel and share that passion online. You can earn money from this by building up your subscribers, getting paid sponsorships and also form adverts on your videos.
Data scientists also have an edge as Youtubers, because they can can extract the right keywords better with data mining tools. They can also use AI to create better videos for their users. There are even AI video generators on the market, but you can improvise and create a better one as a data scientist.
- Become a freelance writer about technology topics
Freelance writing is an excellent side hustle start, as there are plenty of platforms you can get started on. If you’re good at writing, then you’re pretty much good to go. With freelance writing, nothing is really required apart from a laptop to work from and internet connection, so as long as you have these, you can get yourself set up. When it comes to freelance writing, it is often that people will come to you and ask you write an article on a certain topic, which they then pay you for.
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You can make a lot of money writing about big data and other technology topics as a freelance writer.
- Become a user tester for apps and websites
When it comes to new apps and websites, they all have to be tested beforehand, and people get paid to do this. You can set up your side hustle to be a tester for different types of apps and websites, which you then give feedback on and essentially find any problems with them. This is a great and easy way to earn some extra money.
- Sell digital products
Our final idea on our 2022 list of side hustles is to sell digital products. This can be anything from templates, graphics, audio and videos and is basically anything that can be downloaded or streamed. If you can create and sell things like this online, then it’s a great side hustle option. The possibilities are endless when it comes to digital products and what people are wanting, so as long as you can do, you will probably never struggle much for customers.
So as you can see, there is a great variety of side hustle ideas you can start yourself and make some extra money from. At the end of the day, if you have a passion for something or skills and knowledge in a particular area, then this is all you need to help you get started. Of course, there is also the great platform of Sellvia that will help to get your side hustle set up and started.
This is another area where you can stand out as a data scientist. You can create informational products like ebooks and Excel spreadsheets with data that you extracted through data mining tools. You can also utilize AI and data-driven design tools to create better products.