Do you know that working a side hustle in Singapore could earn you between $10,103 and $21,153 more per year? The average side hustle brings in $11,693 annually in Singapore, with most people working an extra five hours a week.
That’s according to online English tuition platform Preply, which analysed jobs on Upwork the popular job search platform, to find the average salary for a range of side hustles across the country and rank them based on their potential for earnings.
But which side hustles are the most profitable?
According to the survey, acting is Singapore’s highest-paying side hustle, with an average hourly rate of $86.09. Photography and content creation are the second and third most profitable side hustles in Singapore, paying $82.83 and $62.45 per hour on average, respectively.
Here’s Preply’s methodology:
To determine what side hustles are the most profitable, Preply analysed a list of 29 side hustles popular in Singapore using the job search platform Upwork to find the average hourly salary for each of them across the city-state.
To calculate the amount you could earn in a year if you were to take up each side hustle, the following method was used:
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Side hustle = five to 15 hours a week.
The lower end of the scale was considered, i.e. five hours a week -
Number of paid holidays per year = 14 days = approximately three working weeks
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Number of weeks worked per year = 52.1429 – 3 = 49.1429 weeks
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Number of freelance hours worked per year = 49.1429 x 5 = 245.6145 hours
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245.7145 hours multiplied by the average hourly rate for each side hustle
Read on to find out more about which languages pay the most for side hustlers in Singapore.