• Remote workers are slightly more likely to have side gigs than in-person or hybrid peers.
• Extra time from remote work may enable more side hustles like consulting or rideshare.
• Some data shows employees who choose where to work are more productive.

Remote workers are more likely to have side gigs than their office-based peers — 34% versus 29% — according to a new LinkedIn Workforce Confidence survey of 8,606 US professionals.

The trend toward additional income streams appears strongest among those with flexible work arrangements. While only a quarter of full-time employees reported having a side gig, the number jumps to 52% for freelancers and 46% for both contractors and self-employed workers.

Side gigs include working as consultants, rideshare drivers, and rental property managers.

Remote workers' higher participation in side hustles could stem from increased time savings from not commuting. GPS data from traffic analytics company INRIX shows supercommuting — or traveling over 75 miles to work — has been on the rise over the last few years. The same trend applies to commutes over 40 miles for the country's 10 largest cities.

The higher rate of side gigs among remote workers, though small, could also stem from some evidence that productivity slows when workers are pushed to return to the office.

LinkedIn cited a May 2024 Great Place to Work survey of 4,400 US employees, which found that workers who could choose where they work were more likely to exceed expectations and have better relationships with their bosses.

However, the data is complicated, as various remote work studies have different conclusions. Stanford economists found 10% lower productivity for fully remote work compared to fully in-person work. Meanwhile, a separate Stanford report found that hybrid work had no effect on productivity or career advancement compared to in-person work.

Dozens of employees with side hustles, particularly those in remote roles, have told Business Insider about their strategies for maximizing their income. Some particularly successful side hustlers said content creation and selling on Etsy were simple ways to grow their income while working full-time.

Some remote workers told BI they drive for Uber or DoorDash while working as accountants or analysts. Dozens of drivers have told BI over the last year that falling earnings and growing competition have made it challenging to make enough, though many value the flexibility to drive during lunch breaks or before or after their full-time jobs.

Both remote and in-person workers previously told BI that real-estate side hustles have been particularly fruitful. Jesse Singh, 29, worked two nursing roles, which he used to fund his real estate company. Once he sold a $2.2 million property, he cut his nursing hours.

Some said they quit their in-person corporate roles for full-time remote positions, which allowed them to better craft their schedules and add in other income streams. Some turned their remote reselling side hustles on sites like eBay into full-time positions.

Natalie Fischer left her corporate job in 2023 to grow her business as a finance content creator and is now bringing in over $150,000 in revenue in 2024. She's diversified her revenue through user-generated content and money workshops, and she's looking to secure speaking engagements.

BI has also reported on dozens of "overemployed" remote workers who secretly work multiple jobs to earn six-figure incomes. Many said they don't feel guilt for working multiple remote positions, even as remote roles become scarcer and harder to get.

Patrick, a millennial in California, previously told BI that because his remote account manager role didn't give him enough work for an eight-hour workday, he took on an additional full-time role and freelance work, bringing his income to nearly $200,000.

• Natalie Fischer quit her corporate job to become a solopreneur creating financial content.
• She's generated over $150,000 from her business in 2024.
• Fischer shares 4 tips for transforming a side hustle into a career.

Being an investing influencer started as a hobby for Natalie Fischer during the pandemic. Now, it's her full-time job.

Like many people, Fischer started seriously getting into the stock market in 2020. The pandemic was a prime entry point: markets were volatile, rates were low, and she had built up a healthy level of savings.

She began sharing her investing journey on social media through Instagram stories and received an outpouring of feedback and questions from family and friends. Fischer couldn't keep up with the barrage of DMs and started a TikTok account, @investwithnat, to create videos answering common investing questions.

In 2023, Fischer took a leap of faith and quit her corporate job to focus full time on finance content creation as a solopreneur, or a one-person business. Now, Fischer creates videos about financial independence on social media platforms and partners with different brands to create user-generated content.

She's been quite successful: so far in 2024, Fischer's brought in over $150,000 in revenue, contracts viewed by Business Insider show. And that's in an increasingly cutthroat creator economy — according to Goldman Sachs, only around 4% of content creators globally generate over $100,000 a year.

If you want to transform your content creation side hustle into an actual career, Fischer has the following advice.

Take the transition slowly

Fischer's success didn't emerge overnight. She started creating TikToks in 2020 but didn't actually start money until a year and a half later, primarily through producing user-generated content for companies. From there, Fischer began getting more sponsorships. She did this while working her full-time job as a data analyst.

"The best way to transition is to actually just start that project on the side while you're working a full-time job and basically wait to see how it goes," Fischer told Business Insider in an interview.

It's helpful to collect data on how your content is performing and monitor progress. Fischer waited until she had a year and a half of revenue data from her side hustle before deciding to take the leap.

"If I just quit my job not knowing how much money I was going to make, that would just be so stressful," Fischer said.

Once Fischer realized the paychecks from her side hustle were at the same level as the paychecks from her corporate job, she felt confident enough to go all in.

Prepare your emergency fund(s)

It's standard budgeting practice to have an emergency fund that can cover three to six months of living expenses. As a solopreneur, Fischer made sure she had not one, but two, emergency funds: one for personal use and one for her business, with enough money to cover six months of expenses for each.

Having a backup plan gave Fischer more bandwidth to focus on growing her business. A business emergency fund also ensured that Fischer would be able to sustain her business even if it encountered financial challenges as she transitioned to becoming a full-time content creator.

If being a solopreneur didn't work out, Fischer's backup plan was to go back to the corporate world, and the emergency fund would help Fischer weather the financial transition.

"That gave me a lot of comfort knowing that if worse comes to worse, I can always get another job," Fischer said.

Monthly income fluctuates, so diversify your income streams

Part of the reason why Fischer wanted to prepare emergency funds was because, unlike receiving a steady biweekly check in the corporate world, her monthly income as a solopreneur fluctuates.

The unpredictability of her income can make financial planning more challenging. Fischer makes sure she has a variety of income streams so she's not overly reliant on a single source of revenue.

Fischer built her baseline income around user-generated content by signing contracts to create content for companies' social media pages, websites, or advertisements. These contracts are month-to-month and easy to project. On the other hand, the frequency of sponsorships are more variable and therefore harder to forecast.

Fischer is also looking to upskill and expand into interactive events. She recently completed her certification in financial education and hosted a money workshop at a conference. Thinking ahead about new business lines, Fischer has her eyes on being a speaker at universities and schools.

You can do both

Being a solopreneur and working a corporate role aren't diametrically opposed.

A year after quitting her 9-to-5, Fischer is now considering getting a part-time corporate role in addition to running her own business.

"I'd be interested in a part-time project management or marketing role to diversify and expand my potential," Fischer said.

Not only does a part-time role provide more predictable income streams, it also provides exposure to new work environments and skills. Fischer has found that as a full-time content creator, she has a lot more flexibility with her time than she did at a traditional office job. Fischer has seen fellow solopreneurs balance a content creation business, a corporate role, and even write a book at the same time.

Fischer's takeaway from the last year of running her own business is to not limit your options as a solopreneur — there are countless ways to build your brand and business.

"I found that I have a lot more time on my hands, and so I'm able to explore different avenues," Fischer said. "I can do it all."

Are you a successful solopreneur looking to share your story? Reach out to Christine Ji at [email protected]