5 side hustle businesses that can generate up to six figures

A side hustle can be a good way to supplement your finances. Some can even become a six-figure source of income that rivals or beats your current salary. And some can become a full-time business. A six-figure side hustle often requires specialized skills and significant effort. It also helps to find a specialized area, taking care of tasks customers don’t enjoy doing themselves or don’t know how to do. If you live in a fragmented market or one where competition is limited, that can boost your odds of hitting six figures or higher. Here are some side hustles that have the potential to bring in six figures, if you have the skills and are willing to put in the work. Commercial holiday lighting installation While setting up decorations for homeowners might have a wider customer base, commercial accounts often have aesthetic budgets, which can make for a much more lucrative payday. Beyond an extensive contact list in the commercial real estate space, you’ll either need to have solid design skills or hire someone who does. Installations like this often start as early as October—and the work can pay as much as $47,000 per installation (though the average is lower and is based on the size…