Looking to increase your income with a side gig? This article on the best side gigs for earning extra money is for you.
According to Statista, the average American employee earns about $11.25/hr, which may not be enough to cover all expenses. If you’re looking to make some extra cash, a side gig can be a great option.
Whether you need extra money to pay bills or want to save for the future, these side gigs can help you achieve your financial goals.
BEST SIDE GIGS FOR EXTRA CASH
1. Personal Training
If you’re passionate about fitness, consider offering personal training services or running group classes. You can earn a competitive income while doing what you love.
Market yourself online and at local gyms to find clients. Personal trainers can make an average of $18.49/hr nationally.
2. Rent Out Room
Have an extra room? Rent it out on Airbnb to travelers for extra income.
You can set your own rates and meet new people, but it requires effort to maintain high ratings. On average, Airbnb hosts earn $924.00/month.
3. Trade Stocks
Investing in stocks can be a profitable side gig if done correctly. Research companies, products, and market trends to make informed decisions.
Diversify your investments and educate yourself on trading strategies. Many people use stock trading to fund their retirement savings.
4. Webpage Design
Freelance as a web designer if you have graphic design skills. Businesses often need professional websites but lack technical expertise.
Freelancers can earn up to $60/hr designing websites. Market yourself effectively to attract clients and build a portfolio.
5. Disc Jockey
If you enjoy music, consider becoming a freelance disc jockey. Gig earnings vary based on experience, location, and event type.
Networking and self-promotion are essential to securing high-paying DJ gigs. Average pay ranges from $50 to $25,000 per event.
6. Tutor
Offer tutoring services to students or individuals learning English. Private tutors can earn an average of $25/hr.
Helping others learn can be rewarding and contribute to their success. Tutoring can also provide a positive impact on your own life.
7. Server/Bartender
Serving jobs offer flexible hours and can be a reliable source of income. While demanding, serving can provide a steady stream of cash outside of traditional work hours.
It’s important to remember that working as a server or bartender may not provide the level of financial consistency you desire, but it can still bring in some extra cash. One of the main advantages of this side gig is the flexible hours and the opportunity to work with great people. You may also enjoy discounts on drinks and food as a nice perk.
If you aim for a job at a high-end restaurant or bar and take busy weekend shifts, you can potentially make more money. Just be cautious about burnout as the work can be exhausting if you take on too many shifts.
8. Ride Share
Companies like Uber and Lyft hire drivers to transport people in the area as independent contractors. This gig allows you to explore the city, meet new people, and work at your own convenience. However, some riders may not treat your vehicle with respect, and you may find yourself far from home at times.
Rideshare drivers for these companies make an average of $364 per month, but this amount decreases when you factor in expenses like gas, maintenance, and repairs. To increase your earnings, you can work more, drive during peak times, qualify for bonuses, keep your car clean, provide excellent customer service, drive for multiple companies, and offer free snacks or water.
9. Child Care
If you enjoy taking care of children, consider getting paid to babysit. You can find clients through online platforms, local listings, or community papers. Watching just one infant can earn you around $565 a week, but rates may vary based on location, child’s age, experience, and additional services offered.
While you can make more by taking care of multiple children, make sure to comply with regulations and certifications in your area and avoid taking on more than you can handle.
10. Sell Goods Online
Start an online business selling goods for profit. You may need to invest upfront in items and there’s no guarantee of demand, but a successful sale can result in a significant profit margin. You can sell your own items, crafts, or thrift store finds on platforms like eBay, Amazon, Etsy, Craigslist, and Facebook Marketplace.
The income from online sales varies depending on the products and marketing strategies. With effort, you can potentially earn a substantial amount like the 28-year-old who made $2400 in 4 months.
11. Start a Cleaning Business
Cleaning businesses are a rapidly growing side hustle option. You can offer indoor cleaning, organizing, or exterior cleaning services like pressure washing driveways or fences. Charges for these services can range from $100 to $200 per service, allowing you to make extra money quickly.
While not as cushy as other side gigs, a cleaning business can provide a steady source of additional income.
Bonus Side Gigs/Side Hustle Ideas:
Consider additional side hustle ideas like surveys, copywriting, eBay flipping, dropshipping, and vending machines to earn $1k per month in 2023. These ideas provide more options for making extra cash on the side.
Watch the video for four side hustle ideas that can help you make a nice chunk of change every day:
Video Credit: Joshua Mayo (Subscribe Here)
Final Thoughts on These Side Gigs
These side gigs can help you earn extra cash, pad your bank account, and provide a sense of financial security. It’s important to consider the pros and cons of each option and choose the one that best fits your skills and lifestyle.
You may also consider using the extra cash to treat yourself to something enjoyable on the weekends.
However, the most crucial aspect is that you can utilize the additional funds to start investing in assets that will pave the way for wealth creation.
Until next time,
STRIVE
PS – If you found this guide on lucrative side hustles beneficial, you might also appreciate this article: How To Build Wealth With a Regular Job. The content needs to be provided in order for me to rewrite it. Please provide the information you would like me to rewrite.