With so many facing tough times right now thanks to the global economy, people are looking for new ways they can supplement their income.
Just a little bit of extra cash on the side each week can go a long way. The good news is that there are plenty of lucrative side hustles you can do. Here are some of the best.
Freelancing
If you have skills with anything that can be done remotely, you can pick up work online as a freelancer. There are lots of in-demand services you can do freelance after hours that will make you an abundance of extra cash such as copywriting, transcription, translation, graphic design, and more.
Companies these days are always hiring contract workers when they need them. There are some online resources freelancers can use to market themselves. Otherwise, you can create a small website with some social media pages and then charge your clients via an hourly rate or on a contract basis.
Tutoring
Tutoring has been a popular way for people to make money for generations, and you don’t even need a teaching degree. As long as you have the skills, knowledge, and experience in what you’re tutoring, you can offer your tutoring services at home, at your local library, or virtually online.
There are literally thousands of topics you can teach, but one of the easiest and most popular subjects is teaching English to people who don’t speak it as their primary language. Don’t forget you can also teach skills that aren’t academic, like arts and crafts, IT and woodworking, music, or even sports like martial arts or swimming.
Flipping
Flipping is when you purchase items much cheaper than you know they’re worth, and then on-selling it for more to make a tidy profit. As long as you know what you’re buying and have enough upfront capital to invest, flipping can be a relatively easy idea for a side hustle. The whole point is to do whatever it takes to keep your costs as low as possible in order to maximize your profits.
You can spend your time visiting local garage sales, thrift stores, and second-hand stores in the real world, as well as browsing websites and online forums to find the bargain-priced items you can sell. A good way to increase your chances of a profit and limiting your risk is to look online for items that are already selling well before investing.
Delivering
If you have some transport and enough spare time, you can make some extra cash making deliveries to people at their home or work. The trend of home delivery has increased immensely over the past decade, so it’s the perfect time to sign yourself up for grocery and fast food delivery services.
All you need is a reliable car, bike, or scooter to make your deliveries. You’ll get paid for each delivery you make which is based on time or distance, and you also have the chance to earn tips. A background check will usually be required, and don’t forget you’ll need to include the costs for vehicle maintenance and petrol into your budget.
Crafting
If you’re the creative type and have some skill with making things by hand, you can make some decent money selling handmade products online from home. Because most handmade arts and crafts don’t usually cost much to make, selling them via websites online means you can make some decent money over time.
The biggest challenge you’ll have with selling your crafts online is that there’s always a lot of competition. So you’ll want to do your research first to ensure whatever you create will be as marketable as it is popular. Apart from high-quality products, you’ll also have to provide excellent customer service to help you attract people’s initial attention, make the sales, and then build a solid following.
Summing up
As you can see, there’s plenty of ways you can earn some extra income on the side. You just need to decide what suits your schedule, budget, and income goals. There’s really no limit to how much money you can earn with the right side hustle for your time and skills.
