Remote Workers and Side Gigs
Remote workers are increasingly engaging in side hustles, with 34% of them having additional income streams compared to only 29% of in-person employees, according to a recent LinkedIn Workforce Confidence survey.
Flexibility Fuels Side Hustles
The trend is particularly strong among those with flexible work arrangements. While just 25% of full-time employees have side gigs, the number skyrockets to 52% for freelancers and 46% for contractors and the self-employed. Popular side hustles include consulting, rideshare driving, and property management.
Time Savings from Remote Work
The increase in side hustles is likely due to the time savings from not commuting. Data from INRIX indicates a rise in supercommutingâtraveling over 75 miles to workâwhich affects many workers in the largest cities. Remote workers are also reportedly more productive than their office-bound counterparts, which may contribute to their ability to juggle multiple income streams.
Productivity Insights
LinkedIn's survey revealed that employees who can choose their work environment are more likely to exceed expectations and maintain better relationships with their supervisors. However, research on remote work productivity varies, with some studies indicating a 10% lower productivity rate for fully remote workers compared to those working in-person.
Strategies for Maximizing Income
Many remote workers have shared strategies for maximizing their income through side hustles. Successful side hustlers often engage in content creation or sell products on platforms like Etsy. Others have turned to driving for services like Uber or DoorDash, capitalizing on the flexibility of their schedules.
Successful Side Hustles
Some remote workers have even transitioned their side hustles into full-time careers. For example, Natalie Fischer, who left her corporate job, now earns over $150,000 annually as a finance content creator. Similarly, some individuals have quit corporate roles to pursue remote work, allowing them to better manage their time and income potential.
The Overemployed Phenomenon
There are also "overemployed" remote workers who manage multiple jobs simultaneously, with some earning six-figure incomes. This trend highlights the increasing willingness of workers to explore various income avenues as remote roles become more competitive.
In summary, remote work not only offers flexibility but also opens doors for additional income opportunities, making side hustles a popular choice among remote professionals.
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