Great News - There’s always a side gig that fits perfectly

Looking to boost their income or build a business on the side, more and more people are exploring side gigs to diversify their earnings and create financial backup. But with so many options, which path makes the most sense: selling products or offering services?

Both have their advantages and their challenges. The key lies in finding what fits an individual’s skills, goals and lifestyle. Sue, from Utility Warehouse, has 18 years’ experience running her own side gig and shares her insights here.

Product or Service – What’s the Difference?

Product-based businesses sell physical or digital goods, everything from handcrafted items and e-commerce shops to downloadable guides and courses.

Service-based businesses offer skills or expertise, such as coaching, consulting, freelancing, or network marketing.

Both models can be profitable and scalable, but the journey looks quite different.

Why Choose a Product-Based Side Gig?

Product ventures can scale up quickly if demand grows, and customers often appreciate tangible items they can hold or download. Digital products, like online courses, can generate ongoing income without requiring constant involvement.

But there are costs to consider such as manufacturing, stock management and shipping. Also, sales can ebb and flow with market trends. Standing out in crowded markets also takes work.

What Makes Service-Based Side Gigs Appealing?

Services tend to require lower startup costs and offer flexibility. Many can be run from anywhere, at times that suit the individual. Without inventory costs, profit margins can be higher, and models like retainers can bring in steady revenue.

On the flip side, services often depend on time and reputation. Growing the business might involve outsourcing or hiring help and staying competitive means keeping skills up to date.

Which Side Gig Fits Best?

For those who enjoy creating or sourcing products and managing logistics, product businesses might be a natural fit. For others with skills ready to go, who are looking to earn quickly with low risk, services may offer the better option.

Some people combine both, offering services first and later creating digital products to build an additional income stream.

The Bottom Line

There’s no single “best” side gig. Whether the aim is a scalable product or a flexible service, the most important step is simply to start.

To find out more, email: sue@bills-4-less.co.uk