Money. Who couldn’t use a little bit more of it? Whether you’re saving for a down payment, planning a wedding, trying to pay down debt – ugh, will those student loans ever go away? – or putting some savings aside for a rainy day, a little bit of extra cash can go a long way. Your day job might help you pay for the essentials. But a side hustle, that’s the game changer that’ll make a difference in your wallet while giving you the freedom you’ve always wanted. So here are the best side hustles that’ll help you make more money.
Have some extra space in your home? Turn that extra bedroom into a “bed and breakfast” room. If you live near any sort of tourist destination, you can try your hand at renting out a room through Airbnb or CouchSurfing.com. You may also find paid hosting opportunities in your community: Sign up to host exchange students, visiting professors to a nearby college, or hospital patients receiving long-term treatment.
This business is good for photographers, as they will already know a lot about improving an image via specific editing. It can also be good for those with extensive skills in editing software such as Photoshop. Finally, it's good for those who use social media extensively, as such a person will be able to offer creative editing services to help customers build their online brand through unique visuals.
While this suggestion could not be further from the standard small business loan, it cannot be denied that the strategy paid off. The company has now earned around $1.65 million in seed funding from Andreessen Horowitz, CrunchFund, Spark Capital and Chicago Ventures, and has been named one of the Top 5 Silicon Beach Startups to Watch by Entrepreneur.
Briefly, successful niche websites rely on tapping into underserved topics and niches and using various monetization techniques, such as display advertising, sponsored posts, affiliate marketing, selling digital products or even plugging in eCommerce elements to lay a foundation for a passive income strategy. For some inspiration, read the FoodTruckr story (a website for buying and selling food trucks) and how it found its success online purely by chance.
With made-to-order fashion going mainstream, this industry is fueling a lot of side hustle opportunities. If you know how to mend clothes, then you have a growing market of budget-conscious and personalization-obsessed customers readily available. As long as you can get your hands on a commercial-grade sewing machine, start by offering to partner with local drycleaning and laundry services in exchange for referral fees every time they send you a new customer.
Do you enjoy fast food or going into retail shops? Many companies hire mystery shoppers to test the customer service of their stores. A common one is Subway, which hires mystery shoppers to ensure that "Sandwich Artists" are following all the franchise guidelines. If you have time and can travel to different places, this could be a good side hustle.
I started this blog in February of ’08 simply as a hobby, and two years later it became my full-time “job.” when I realized there was money to be made (a total fluke that I jumped all over!) Now, 4 years after that, here we still are and having the time of my life. So you really never know what opportunities are around the corner when you start hustling. But you do need to grab them when they cross your path.
If sales and marketing isn’t your forte you can use a platform like Upwork or Freelancer.com who have large active audiences already looking for your skills. The kicker there is that these platforms tend to take a significant cut of your fees. If you want to keep 100% of your dough you can handle the sales process yourself and start by reaching out to local businesses or focus on a specific niche.
Consulting is another area in which you can make use of your existing skills. Diana Melencio spent eight years working on Wall Street, and later used her financial background to her advantage, working as an independent financial consultant. This side business enabled her to follow her passion and to start OkMyOutfit, an online styling and shopping platform.
Although it is called Fiverr, you will only be netting just under $4 after Fiverr takes the first 20% and Paypal takes a few more pennies. However, there are many things you may be able to do quickly for $4. A quick design, a quick voice over if you have that deep sexy voice, or creating a quick intro video for a company in a matter of minutes for you techy type may get you some quick and painless cash. Also, if you sell enough, keep a good rating, and Fiverr likes you, there are levels you can advance inside Fiverr for higher cash payouts and more gig offers.
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16 Be a doula Jasmine Birtles, the founder of website moneymagpie.com, says you can make between £12 and £15 an hour or £250-£500 for a birth by being a doula – a birth partner and post-birth partner. "If you've had a baby and you want to help new mothers, do a short course with Britishdoulas.co.uk and work locally," she says. "You do what a grandmother or sister might do for a new mum, such as giving moral support, helping around the house, caring for the baby and supporting the whole family."
We all know you can buy and sell stuff on Craigslist, but have you ever thought about offering a service you can provide. If providing a service isn’t your thing, you can scan Craigslist for great deals and then later resell items for a profit. This takes persistence and patience, but I have a friend who went from a $4k truck to a $24k in truck in 18 months by flipping cars from Craigslist.
Ownership of a live band usually includes the actual musicians. Owners generally have a passion and instinct for music, a great deal of energy and motivation, and a talent for crafting a group style and sound that appeals to audiences. In addition to their performance skills, live band owners must be able to sell their services to booking managers at venues and to the audiences who watch them perform.
Many people choose to start a side business while still maintaining a full-time job. Maybe you want to generate a little extra income, or you believe you have a good idea for a product or service that's going to take awhile to get up and running. Whatever your reason, starting a side business can be difficult, but you can do it if you test your idea and keep everything well separated from your day job. Spend time researching your idea so you know the need is there to make it worth your time and effort. Once you know your business idea is solid, get your licenses and permits in order and check over your employer's policies to make sure you can start your side business and still keep your day job.
EatWith is a great way to test the waters as a chef for your side business idea, and if you have enough rave reviews you might be able to turn your knife skills into a full-time endeavor where you're leveraging your network to book catering events. This side business idea is built heavily upon getting happy referrals, so be sure to over-deliver for your first customers, and ask if they know anyone else who could be in need of your catering services.
If you’re adept at woodworking and have some basic equipment, it’s easy to get into business making deck furniture. It only requires a few items – a saw, a drill, a sander – and some creativity and passion for working with wood. If you have the tools or just want to turn your hobby into a business, this may be a great small business idea for you. In addition to creating new items, you could also focus on repairing existing wooden furniture or woodwork.
Suppose I was to tell you that I would pay you up to $15 to process rebates from various products and companies. I would send you a list, you proces the rebates and you get paid twice a month. All you need is a computer, internet access and our training program. Would you be interested? Chances are you would be! I know I would be too! Lucky for you that I stumbled across some crazy back door information about the rebate processors position that's going to knock your socks off. Trust me when I say you'll be so thankful that I go to the bottom of this opportunity.
Many small businesses in your community could use a very basic web presence to tell others about their business. Quite often, these businesses don’t have a large budget for such things. That’s where you come in – get a bunch of clients from the local community by beating the pavement, create sites for them, and maintain them for a small fee. Get enough businesses and you have a nice side business of your own that doesn’t require a ton of maintenance time.
Fitness trackers can help to monitor steps, heart rate, calories burned, sleep, and much more. You don’t have to actually design your own fitness tracker- you can display the types of trackers you want to sell, then find a dropshipper. Basically, this means that the product is ordered from your store, the shipped directly to the customer from the dropshipper (or company).