October 22, 2024

MONEY MOVES I make up to $5,000 a month with my Costco side hustle – it’s barely any work and ‘can be done anytime from home’

SOME eager entrepreneurs make thousands of dollars monthly working a part-time gig with Costco.

The unique side hustle doesn’t involve a kiosk or cash register and barely requires any work.

Working a side hustle with Costco could bring in upwards of $5,000 per month

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Working a side hustle with Costco could bring in upwards of $5,000 per monthCredit: Getty
TIkToker Dana detailed the gig in a recent video

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TIkToker Dana detailed the gig in a recent videoCredit: TikTok/build.alegacy

“Don’t miss out on the opportunity of the year!” stressed finance influencer Dana (@build.alegacy) in a recent TikTok video detailing the job.

Dana explained that Costco runs an affiliate marketing program.

It allows those who join to work from home and potentially make upwards of $3,000 to $5,000 per month “promoting their products on social media.”

That’s what affiliate marketing is — an agreement between a company or online retailer to pay a commission to a website or person who generates product traffic and sales.

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Many retailers, including Costco, run these types of programs.

In the right situation, it can greatly benefit both parties and you it “can be done anytime from home,” per Dana.

To get started, it would help to have or grow a decent following on a social media platform, ideally Instagram or TikTok.

If you already have 1,000 or more followers, you’re in a great spot.

TEAM EFFORT

Costco would then ask that you make consistent posts promoting or highlighting some of their merchandise.

The retailer would also provide specific links for you to use so customers can click and buy the items if they’re interested.

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When customers buy merchandise through your specific affiliate link, you get a cut of the profits, typically around 10%.

So, the better you market, the more products you sell, and the more money you and Costco make.

There’s really no cap on how much you could earn with the affiliate marketing program, and Dana’s range would reflect selling around 300 to 500 products per month if they were $100 apiece, considering a 10% commission.

That would also be pre-tax earnings.

Side hustles and tax implications

Extra income you make from side hustles may need to be reported to the IRS.

If you receive more than $600 in gross payouts from a selling platform like eBay, the site will issue you a Form 1099-K to use in your tax return.

Individuals should calculate their adjusted gross income, taxable earnings, and deductions for the year.

Once they have that, they can use the 1040-ES form to calculate estimated taxes.

While affiliate marketing is certainly a popular, simple, and profitable side hustle, there are plenty of others that have the potential to make similar amounts of money each month.

GETTING CREATIVE

A TikToker recently claimed to have found the “most exciting” and passive gig that could make you around $10,000 monthly.

It involves packaging digital downloads for customers through Etsy and has a serious capacity for growth.

Someone also started a unique “signature” side hustle that could make you $900 daily without much work.

It’s even possible to make $700 a day from a flexible writing side hustle that pays per word.

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Sharing your opinion could also make you “$60 richer” in just 20 minutes.

Dog lovers should also consider starting their own babysitting and walking services, with the potential to make around $600 daily.

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