In today’s economy, a full-time job is no longer enough to cover daily expenses, savings, and occasional luxuries. A 2022 study found that 26% of Filipinos are “in dire need of money” because of the negative effects of the COVID-19 pandemic and high inflation. Another 41% saw their income decline over the past year. For this reason, some Filipinos take out loans to cover their necessities.
While loans are helpful, they add more to people’s financial obligations and burdens. Amidst increasing commodity prices, how can you survive and thrive in this economy? The key is starting a side hustle or sideline job.
In this blog, we’ll look into a sideline job’s meaning, sideline jobs in the Philippines you can try, and how an office space can help you sustain a side hustle.
What is a Side Hustle?
A side hustle is an additional job that brings in extra income. Also known as a sideline job or raket, it supplements your primary job and typically offers more freedom and flexibility. It’s also often interchanged with part-time jobs. However, the two are vastly different in many ways.
For one, part-time workers are required to meet a certain number of hours, while people with side hustles can set their work hours. Part-time workers also have job security and guaranteed pay since they’re tied to an employer, while people with side hustles can negotiate contracts and payments with their clients.
If you want to earn extra income while having more control over your time and work, you may benefit more from starting a side hustle.
10 Online Side Hustles in the Philippines
With so many sideline jobs available today, it’s hard to know which one would fit your time, skills, and needs. Below are some online side hustles in the Philippines you can try today.
Item trading
Average Monthly Pay: ₱10,000+
Buying and selling items is a great side hustle if you have unused belongings or have a knack for shopping and curating things. For the latter, you can purchase and revamp clothes, toys, collectibles, and more from wholesale suppliers, garage sales, or thrift shops and resell them on online selling platforms such as Carousell, Shopee, and Facebook Marketplace.
Dropshipping
Average Monthly Pay: ₱10,000+
If you don’t have space for inventory, you can opt for dropshipping instead. This side hustle allows you to partner with a product manufacturer who’d handle the inventory, fulfillment, and shipping processes on your behalf. You only need to market the products online to attract customers.
Dropshipping enables anyone to become an entrepreneur without keeping product stocks and investing a large capital. You can also sell practically anything through dropshipping.
Virtual assistance
Average Monthly Pay: ₱29,250+
In recent years, many businesses have employed virtual assistants to scale quickly and streamline their processes while reducing costs. The responsibilities of virtual assistants vary on client needs, but most usually handle the following:
- Schedule appointments
- Track business transactions
- Create content plans or schedule social media posts
- Respond to customer inquiries
Social media management
Average Monthly Pay: ₱32,505+
Social media is king in today’s digital and fast-paced world, which is why social media jobs are in high demand nowadays. Social media managers handle a wide range of tasks, such as the following:
- Create a content plan for multiple platforms
- Monitor engagements and impressions
- Schedule posts
- Engage with social media audiences
- Stay updated with trends
Transcription
Average Monthly Pay: ₱21,746+
Transcribers or transcriptionists convert video or audio content into text. They are highly in demand in the medical, legal, and academic research fields because professional needs written records of meetings, conferences, forums, speeches, and more.
If you’re a good listener and a fast typist, consider taking up transcription as a side hustle. However, note that some transcription jobs require industry knowledge. For instance, you’d need to be familiar with medical terms if you’re transcribing for a client in healthcare.
Video game streaming
Average Monthly Pay: ₱15,000+
We’re now in an age where you can turn gaming from a hobby into a side hustle. You can broadcast your video games on popular streaming platforms such as Twitch, YouTube, and Facebook and earn from ads, subscriptions, views, or audience donations.
If you’re shy to show yourself on camera, you can pose as a vtuber (virtual YouTuber). You’d need a PNG or live 2D avatar to represent yourself online.
Note that it takes a while to earn big from video game streaming. For instance, if you stream on Twitch, you can start earning once you qualify for the Affiliate Program. You’d need to reach 50 followers, stream for eight hours and on seven different days, and have an average of three viewers. Naturally, you must also be entertaining enough to attract viewers and gain donations.
Vlogging
Average Monthly Pay: ₱24,000+
Vlogging or video blogging has also become a popular side hustle in today’s digital age. You can vlog about anything, like your interests, careers, opinions, and product reviews. You can also discuss social issues or provide comedic content.
Like video game streaming, you can’t earn fast from vlogging. You need to build your audience, improve your equipment, and experiment with different content types as you go along to see what works for you and what resonates with your target audience.
Content writing
Average Monthly Pay: ₱29,285+
Content writers are always in demand because businesses are constantly looking for ways to improve their digital marketing strategies, boost their brand awareness, and stand out from their competitors. Content writing entails the following responsibilities:
- Write different types of articles for various audiences
- Research topics
- Prepare document outlines
- Revise content for tone, style, and grammar
Proofreading
Average Monthly Pay: ₱18,573+
If you’re not adept at writing, you can work as a proofreader instead. Proofreaders ensure documents and other written records are free from grammatical, spelling, punctuation, and formatting errors. They also need to maintain professionalism and accuracy throughout the document.
Graphic design
Average Monthly Pay: ₱26,358+
Graphic design is ideal side hustle if you’re looking for more creative endeavors. Graphic designers create visual collateral for projects, such as websites, print or digital ads, and product packaging. They are always in demand because many businesses see the value of visuals in attracting customers and boosting their brand awareness.
Note that venturing into the on-demand online jobs above comes with many difficulties. The most glaring one is that you’d need the proper resources to do and sustain your side hustle well. This is where an office space comes into play.
5 Benefits of Renting Office Space for Your Side Hustle
Whether working independently or with a small team, having an office can help separate your personal and professional lives. Working at home may be more time- and cost-efficient, but it blurs the line between work and relaxation.
Here are five more reasons you should rent office space for your side hustle.
Cost efficiency
Starting a side hustle can be unpredictable. Instead of investing in equipment and supplies you may no longer need in the future, you can access them in a rented office instead.
Renting office space saves you from buying expensive desks, chairs, and other equipment to fulfill your side hustle. It is also an alternative, more affordable solution to buying and maintaining your own office.
Networking opportunities
Co-working office spaces are open to businesses from all industries and freelancers. You can use this opportunity to make connections, increase your clients, and expand your skills and knowledge.
For instance, if you get an office space for rent in Ortigas, Pasig City, you’ll likely encounter many business-to-business or business-to-customer companies, since the area is a popular business district in Metro Manila. You’ll also likely become more familiar with commercial businesses since the area teems with malls, restaurants and bars, hotels, and recreational centers, all of which can help you find more side hustle opportunities.
Flexibility
Renting an office means you can upsize and downsize anytime. For instance, you can book a private office space for a limited time if your side hustle entails a small team. You can rent a bigger room if you hire more team members.
On the other hand, if your team can work from home or you’re handling your side hustle independently, you can simply rent meeting rooms or access other business solutions in co-working office spaces as needed.
Professionalism
It may become impractical to attend or hold meetings in crowded places or somewhere with an unstable internet connection.
Renting an office space or meeting room lets you communicate with clients or partners more professionally. Since office spaces for rent are equipped with a stable internet connection, you’ll also be able to work without disruption.
Less paperwork
Purchasing or leasing your own office means submitting various forms, securing permits, filing taxes, and complying with business and property laws. Renting an office is your best option if you want to eliminate or minimize all the paperwork. Co-working office spaces can handle all the legalities of owning an office.
Run a Successful Side Hustle in a Good Office Space
What better way to start your side hustle than rent an office space at the heart of the metro? You can choose from many office spaces for rent in Ortigas, Pasig City, like M Spaces for your side hustle. We offer coworking desks, private offices, meeting rooms, and virtual offices for small teams and freelancers looking for professional, furnished spaces.
There’s no better time to start a side hustle than today. With M Spaces, you can focus on sustaining and growing your side hustles and fueling your creativity while saving costs and managing risks.
For more information, visit our FAQ page or message us on our Facebook and Instagram pages. You can also email us at mspacesph@gmail.com or call 5328-5300 or 09175439349.
