In our current economy, or anytime actually, it can‚Äôt hurt to have a side hustle to bring in extra cash. Some of these options can be quite lucrative, but like everything, it takes a little work to create a steady income stream. However, with a little pre-planning, you can do it. Let‚Äôs take a look.
Become a Tutor
Are you a math whiz? A wordsmith? History nut? Whatever your specialty, you can earn between $10 and $75 an hour. You might vary your price based on whether you‚Äôre tutoring at the high school, college, or adult education level. You can conduct your sessions online or in person‚Äîtotally up to you and your comfort level. All you have to do is create a lesson plan, then spread the word on social media, contact your local high schools and universities, or tack a notice near a central location such as a local coffee shop. When you‚Äôre sharing your knowledge and helping others, it might not feel like work at all.
Deliver Groceries with Instacart
If you haven't heard of this, you might have seen people in grocery stores with their carts stuffed with brown paper bags full of items, list in hand ‚Äì these are most likely Instacart workers. In sum, this gig is a same-day grocery delivery app. You shop for other folks; you don't have to pay out-of-pocket when you're at the store, and you can start earning money the very first week. Oh, and you get tips. According to ridester.com, you can make anywhere from $200 to $1,000 a week. Pretty easy and cool, right?
Rent an Extra Room Through Airbnb
While this might require some prep like buying extra towels and toiletries, as well as communicating with customers, you can make a lot in the long run. It might take a couple of months to get up and running, but you can bring in around 7 percent to 12 percent of your property value per year.
Help with Finances
If you have a background in accounting or finance, you might start up a business doing someone's books, taxes, or other services that have to do with money and/or budgeting. You can make from $20 to $100 an hour. Be sure to check with your city and state to find out what licenses and certifications you need.
Yes, dog walking can bring in more than you think. And you‚Äôve probably seen these hearty souls on the sidewalks, sometimes with more than one furry friend in tow. If you live in a big city, there‚Äôs ample opportunity to make this work: you can make between $10 and $100 per day. And this is just a ballpark estimate. Plus, you‚Äôll get your steps in. It‚Äôs healthy both fiscally and physically.
Write Resumes and Cover Letters
With all the job seekers out there, you could make a good chunk of change doing this. And you don't necessarily need to be a writer. If you have a background in HR and recruitment or you've worked as a hiring manager, you'll be ready to go. Hesitant about all that punctuation? Check out grammarly.com. This app will help you navigate all those writing questions you might have that inevitably come up when you‚Äôre composing. The average you might earn is somewhere in the neighborhood of $500 or more.
One Thing to Note
If you make more than $600, you must report it to the IRS. If you see that your side hustle is booming, if you start making thousands or tens of thousands of dollars a year, you might want to start a business. You could enjoy additional tax write-off opportunities so you can keep more of what you earn.
So start exploring, hang those shingles and watch the extra dough come rolling in.