Do you want to earn a little additional cash? A side hustle is a terrific option to fill the gap, whether you’re dealing with a job that doesn’t quite cover all the costs or just want to have a little extra disposable income.
So, how do you decide which one is ideal for you? Here are some of the most well-known side businesses:
Becoming a driver is one of the most common side jobs. The largest asset most people, especially those just starting out, have is their car. With the help of businesses like Uber and Lyft, getting started is relatively simple.
Driving pay may or may not be on par with other local employment, depending on where you reside. Freedom is typically the trade-off: In other words, you can work whenever and for as long you want, and you have the ability to provide customer service that could lead to significant tips!
Although it won’t cure your financial problems, this side job can be a reliable source of extra monthly income.
Another well-liked side gig is becoming a food delivery driver. This is because it fits in well with day jobs and academic schedules. It’s an excellent substitute if you’re not a “people person” but still want to use your car as your main asset!
Food delivery from restaurants and supermarket delivery are the two main categories. Many businesses have entered the food delivery market in the past ten years, including Postmates, Grubhub, Uber Eats, and DoorDash. All provide delivery driver positions, and getting started is easy. It’s important to keep in mind that there may also be local food businesses hiring part-time delivery drivers.
The average remuneration for delivery jobs is somewhat above the minimum wage. Your earnings will vary depending on your location, work hours, and how frequently you work. However, there is a chance to earn tips to increase your income, just like driving.
You can work as a freelancer for just about anything these days. Whether you’re a writer, artist, developer, or designer, a freelance job is waiting for you.
If you choose this route, you’ll need to choose how you want to find clients: either go it alone and keep all of your revenue (which will require more work and effort) or sign up for a third-party site like UpWork or Fiverr. These businesses provide the infrastructure that allows you to interact with clients and handle payments in exchange for a percentage of your billings.
Freelancers can create their own gigs in various categories and industries on any site. Gigs are becoming increasingly more popular as business owners are looking for services like social media marketing, editing, poem writing, flexible shift work, and a host of other things.
The good news is that the income for freelance work varies greatly based on the industry, project, customer, and even platform. You control all of your pricing. Furthermore, freelancing offers flexibility, just like any worthwhile side business. It’s easy to organize around your regular working schedule.
Renting Out a Room or Your Entire House
We’re now entering the realm of passive side businesses! Renting could be an excellent side business for you if you have a spare room or spend a lot of time away from home. Most rental agreements prohibit any form of subletting. Therefore, in most cases, you’ll need to be a homeowner to participate.
Airbnb is one of the most popular options for consumers looking to rent out their properties. Although Airbnb receives a 3% cut, hosts can set their own rates. The average nightly rent is $80.
Renting Out Other Items
What do you do if you don’t own your home but still have time for a side hustle? Determine which of your other possessions you can rent out.
Do you want to hire out your vehicle? One of the most well-known apps that connect visitors and tourists with locals hoping to make some money is Turo. Another is Getaround, however, it’s now limited to large metropolitan regions.
You can also hire out your sporting and recreational goods via Spinlister. Buro (everything), BabyQuip (baby gear), Sparetoolz (tools), Style Lend (designer clothing), Boatsetter (boats…), and RVShare are a few further, more specialized rental businesses. That money is there, just waiting to be made.