Nigerians seeking additional income in 2026 have been advised to take a strategic approach when choosing side hustles in order to achieve sustainable financial gains.

The advice, published on Tuesday on the Forbes X platform, highlights five key considerations for individuals planning to begin or expand side income streams in the new year.

The report stresses the need for prospective earners to conduct thorough research on different types of side hustles before making any financial or time commitments. It notes that aspiring entrepreneurs should explore online communities, industry discussions and creator platforms to understand the realities of each opportunity.

It explains that individuals should seek answers to critical questions, including start-up costs, weekly time requirements, average earnings and overall demand for the service or product. These factors, it notes, will help determine whether a side hustle is financially and practically viable.

Forbes further advised that after identifying potential areas of interest, individuals should assess the growth potential of such ventures by reviewing market trends and long-term demand forecasts. It said that side hustles with strong industry momentum are more likely to provide stable and consistent income.

The publication added that time and cost considerations are critical, particularly for those working full-time or managing multiple responsibilities. It emphasised the importance of selecting a flexible side gig that aligns with available hours and long-term income goals.

It also recommended choosing side hustles that one genuinely enjoys, noting that personal interest improves consistency, builds new skills and increases the likelihood of long-term success.

The report emphasised the need for individuals to consider whether their preferred side hustle should be online or location-based. While physical services such as car detailing or dog walking require presence and limit flexibility, online-based roles like freelance writing, digital marketing or e-commerce offer greater independence.

It stressed that understanding these factors will enable Nigerians to make informed decisions and maximise opportunities for additional income in 2026.