In 2020, more and more people are picking up side hustles–and for good reason. Side hustles are a great way to earn extra money to help diminish the financial stress of monthly bills and debt, build credit, or to start putting money aside for retirement. Picking up a side hustle and taking out a credit starter loan will help you raise your credit score and give you some extra cash to work with.
In today’s world the types of side hustles are just about endless, thanks to the internet. Nearly every kind of skill can be used for a side hustle, and in a global world, international communication is even more lucrative. Those who can speak another language have a leg up in the hustle world. As the world continues to become more interconnected, the demand for foreign-language speakers will only grow. Below are the best side hustles for those who can speak another language.
Perhaps the most profitable side hustle for foreign-language speakers is the most obvious one–working as an interpreter. There are many different arenas to explore in the interpretation field. A popular choice is to work as a ‘freelance interpreter.’ There are a lot of different niches to explore in this field, with the most in-demand including literary, business, technical, medical or legal. If you have a background in one of these fields, you can find the right niche for yourself. For example, if you are business-savvy, you can work for companies translating financial documents and reports for companies. Since countless international companies have constant demand for those who can translate official documents for them, the opportunity is always available.
- Running Ads on Social Media
Many businesses are aiming to branch out to other countries and need assistance from locals in doing so. As social media becomes a prominent player in the role of modern-day advertising, the need for online advertisement is rising. As an ad runner, you would help translate any ad materials and market them to the local audience, adapting the language and information to suit the market’s audience. Those with experience in advertising or social media marketing will find this especially appealing and profitable.In addition, there are many different sites to work with including Facebook, Instagram, Twitter and Reddit, just to name a few.
- Teaching and Tutoring
Online tutoring and teaching is now more popular than ever, especially in a virtual world. Being able to speak another language will greatly increase the chances of becoming an online teacher or tutor for children and adults learning to learn English, or English-speakers looking to study another language. With hundreds of online schools available to choose from in many countries, the possibilities are particularly fruitful for this avenue. Furthermore, the pay rate for online teachers and tutors continues to go up as the demand increases.
- Bilingual Blogging
Those with a creative flare will want to try their hand at blogging. Millions have turned to this format to make extra cash because it works. People go to blogs for information on just about every topic imaginable–how to’s, DIY ideas, cooking recipes, parenting tips, etc. As a bilingual speaker, there are plenty of subjects to write about, and there is an audience looking to learn more. For instance, travel and culture blogs continue to increase in popularity. People are planning their trips and are reading up more than ever on foreign travel. Having a blog written in two different languages will stand out and appeal to a broader audience.
- Web Design
For the techy ones out there, web design should be the number one choice. Nearly every contemporary business has a website these days, and businesses often need individuals who are able to help design a website for another language. This could involve using local software systems or simply translating text on the site. Additionally, many businesses benefit from foreign designers as each country has many different options for site graphics, animation or general format.
These are just a few examples of side hustles for those who can speak more than one language. The ones listed above are some of the most lucrative and easier to land because demand is always high.