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One of the best ways to pay off debt faster, boost your savings or make some overall improvements to your finances is earning more income. And perhaps the easiest way to earn more in a hurry is a side hustle. Whether you are looking to reach a specific financial goal or just want to increase your income, side hustles can be a great way to do so. From babysitting and companion care to tutoring and more, follow along for the best ways to get started earning more today.
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 $20,347 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 Chegg, Tutor.com and others. Tutors can make around $20 to $25 per hour online through well-paying companies.
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 zoning out in front of the TV or YouTube.
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.
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.
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 a report from Sittercity.com, babysitters in NYC on average make $20 an hour. Head west to Denver and that amount drops to $17.50. 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 is between $10.00 to $17.00 or more per hour. Payscale reports that amount is on average $9 to $16 an hour as a companion and more if you are a certified nursing assistant.
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 or more 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.
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 $15.35 per hour.
Flipping is a term for buying items cheaply 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 App and Scoutify to help you know if you’re getting a good deal.
CamelCamelCamel 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.
What Is a Side Hustle Job?
A side hustle job is a job that you do in addition to your full-time job. People typically take on a side hustle job to earn extra money. It can be a temporary thing or more long-term. It’s also a great way to try out an unfamiliar industry. For example, if you want to start a bakery, a side hustle of selling baked goods could give you a good taste of what it's like.
A side hustle job is also a great way to meet a savings goal, whether it’s to pay off debt or go on a tropical vacation.
How Much Money Can You Make From a Side Hustle Job?
How much money you can earn from a side hustle job depends on the type of job, how successful you are at it, your experience level, and how much time you have to dedicate to it. Someone who gets a tutoring gig as a side hustle may earn $20–$25 per hour, a babysitter may earn $10–$17 per hour, and someone who is a skilled laborer may find enough clients through a side hustle to earn full-time money.
When Do You Do the Side Hustle Job?
A side hustle job doesn’t replace your full-time job or your business. It’s meant to be done in addition to your main source of income. Typically, a side hustle job will be done after work, on the weekends, or whenever you have some free time. You can even work on your side hustle job during a lunch break or on your commute to or from work (assuming you’re not driving yourself).
How We Chose the Best Side Hustle Jobs
We reviewed and researched the most popular side hustle jobs to choose our top picks. We selected the best side hustle jobs based on the type of work involved, how easy it is to get started, the earning potential, whether they’re online or offline jobs, and more.