One of the best ways to pay off debt quicker, increase your savings or make improvements to your finances is by earning more income. And a good way to achieve this is by a side hustle. Whether you are looking to reach a specific financial goal or just want to increase your income, side hustles can be the answer for you. From dog walking, babysitting, tutoring, buying and selling stuff and much more. Below you will find seven different ones to choose.
Uber/Lyft Driver
Driving for a rideshare service like Uber or Lyft is a quick way to turn your idle car into cash. Just apply, add the app to your phone, and wait for ride opportunities to come in. You never know who you might meet, and you can earn money in idle hours rather than wasting time in front of the TV or wasting more time on your mobile device.
Driver income varies dramatically by location and time of day. There may be some bonuses to boost earnings for new drivers. Just beware that you pay for your own car and gas, and after expenses, you could make less than minimum wage. But if you’re willing to stay up late and drive the last call crowd home from the bars, surge pricing and busy hours can make it worthwhile.
Online Tutoring
If you have academic chops to help students with an array of subjects such as math, writing, a foreign language or any other class where students from kindergarten through college may struggle, you could have a business on your hands. While the average tutor makes just $26,019 per year, according to Glassdoor, it is a great way to supplement your existing full-time income with a little more cash.
You can put up posters and get the word out locally if you want to work with students in your area or look to online services like Tutor.com and others additionally, getting the word out on social media is always helpful Tutors can make around $20 to $25 per hour online through well-paying companies.
Babysitting/Companion Care
Babysitting and companion care are a lot more similar than you may realize, and both offer fun opportunities to earn a little more cash. Babysitting isn’t just for young people. In fact, experienced babysitters (e.g. parents) can charge a premium for watching younger children and babies. According to ABC News, the average rate for babysitting in New York is about $15 per hour and in Denver around $11 per hour. Depending on your location and the number and age of the children, rates can vary.
Companion care is like babysitting for older individuals. Some retired people need help around the house, which could include laundry, cooking, doing the dishes, and other personal care tasks like help in the bathroom or moving from a chair to a wheelchair. This is different from skilled nursing, and even those without a background in care can start part-time as a side hustle. Indeed reports the average hourly income for companion care at $8.50 to $16.49 per hour.
TaskRabbit
TaskRabbit is a service like Lyft or Uber for helping people with various tasks. Taskers, as they’re called, can make up to $7,000 per month working full-time. But even if you work part-time as a tasker, the income adds up fast. You set your own rates, and you might charge anywhere from $25 per hour to $150+ per hour depending on your local market and what you can offer.
Popular tasks include cleaning, decoration, delivery, errands, event planning, event staffing, personal assistance, furniture assembly, heavy lifting, home repairs, mounting, moving, organization, packing, shopping, waiting in lines, yard work and IKEA assembly.
Baking or Cooking
Do friends and family gush over your homemade cookies? Do you make the most amazing homemade Bavarian pretzels? If you have a cooking skill, you can turn your passion (or skill) into income. Even if you are not the next Gordon Ramsay, you might find your food sales business to be a lucrative one.
Selling food products can lead to a wide range of incomes and has some unique challenges. For example, you may need access to an industrial kitchen to meet local health codes. Check with your city, county, and state before you start selling to make sure you have appropriate licenses and permits. Once you are legal, you can sell online, through local grocery stores or restaurants, or maybe even at a weekly farmers market booth.
Online services
Fiverr is a gateway to earning from a huge number of tasks. Popular categories at Fiverr include graphic design, digital marketing, writing, video editing, music and audio production, programming, and business projects. But there are lots of fun and funny gigs on Fiverr as well, like getting paid for relationship advice, astrology readings, or recording a celebrity impression birthday greeting for a friend.
Fiverr started with gigs that cost $5, and paid providers about $4 after fees. Today, however, Fiverr has expanded to become a marketplace for serious professionals and side hustlers alike to earn a high hourly rate for online services.
Flipping
Flipping is a term for buying items cheap and reselling them online through websites such as eBay, Amazon, and Craigslist. This is a riskier side hustle, as you have to invest in inventory to sell. However, talented flippers can easily turn spare hours into dollars when they buy and sell the right items.
You can buy items to resell online using handy apps such as the Amazon Seller Appand Scoutify help you know if you’re getting a good deal. Camel Camel Camel is another powerful tool for Amazon sellers. A great option to start is to find free furniture on Craigslist, pick it up, clean it, and list it for sale on your own Craigslist account.
Business owners, notably online business owners, regularly need help with a variety of tasks. From social media management to website updates, some time-consuming tasks are very important for a website or online business, but the business owner may not have time to keep up.
Virtual assistants for blogging businesses, for example, help with a range of tasks including website graphics, podcast show notes, social media postings, and preparing emails. This is great for evenings and weekends, as many online business owners don’t care when tasks are completed. According to Payscale, the average virtual assistant makes $15.57 per hour.
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