- 1. How to Make Money On The Side By Freelancing
- 2. How to Make Money On The Side With the Gig Economy
- How to Make Money On The Side With Online Ventures
- How to Make Money On The Side Through Investments and Renting Assets
- How to Make Money On The Side With Traditional Jobs and Home Services
- Final Thoughts
1. How to Make Money On The Side By Freelancing
Freelancing is a form of self-employment where you offer your services on a contractual basis. As such, you’re not tied down to a single employer.
Freelancing usually comes with flexible work hours and almost always involves working from home, so it is a great way to make money on the side after your day job!
Here are some of the best work types that can be done by freelancers:
Writing
Did you know many companies and websites hire freelancers to write content for their web pages?
If you’ve got a way with words, a stable internet connection, and a working computer, you can be a freelance writer.
Check out websites such as Fiverr and Upwork for employers looking for freelance writers.
Be sure to take a look at national job-seeking websites as well, as many companies who contract out will list available work there.
Graphic Design
If graphic design is your thing, you may be able to make some money on the side quite quickly!
Many businesses require design work for specific projects and often turn to freelancers for these tasks.
Put together a portfolio and check your local job pages to see who’s hiring. You might be surprised at how many jobs are available in this industry!
Coding
Those of you who are coding whizzes are in high demand in the freelance world.
Many websites need coders to help build the back end of their business, and will often hire freelancers for the task.
Keep an eye out for job postings looking for one-off coding jobs. They are a great, efficient way to use your unique skill set to make some extra cash.
2. How to Make Money On The Side With the Gig Economy
The gig economy is a relatively new term and describes a labor market that uses independent contractors and freelancers to fill part-time and temporary positions.
The part-time nature of gig economy work means that hours are flexible and makes it a great way to make some extra cash on the side.
Uber/Lyft
Uber and Lyft are some of the best ways to make money on the side as you get to choose when and where you work.
If you’re looking for some extra spending money, driving for one of these businesses for a few hours after work is a great way to do so!
Uber drivers in the U.S.A. can make up to $19 an hour driving, with Lyft offering similar rates. This gives it the potential to be a very worthy side hustle.
Recommended Reading:
Food Delivery
Delivering food is another great way to make money on the side of the gig economy!
You have a few options here, with the most common being Instacart, Uber Eats, or Doordash.
The former offers more flexibility as you get to choose which deliveries you do. However, DoorDash can offer more consistent work if you’re looking to pick up more hours!
How to Make Money On The Side With Online Ventures
The digital age has come with a plethora of ways to make money online. All you need is a computer, internet access, and motivation to put the hours in.
Just a few hours every evening working on your online venture can create a lucrative secondary income stream to help you pay the bills.
Blogging
If you’ve got something to say, chances are someone out there will want to hear it!
Blogs are a popular way to express your thoughts to a specific audience. However, they can also be a great way to make money on the side.
Money can be earned by offering subscriptions to the blog, or by running ads or sponsored posts on your site.
E-commerce
There are so many ways to make money with e-commerce, and most of them don’t require a full day’s work!
After putting in the necessary time and effort to set your site up and get the business going, you may only need to tend to it for a few hours each day – making it a fantastic side hustle.
E-commerce ventures include dropshipping, Amazon FBA, affiliate marketing, retail arbitrage, and print-on-demand – all of which have a plethora of tips and resources on the internet.
YouTube Channel
Have you got a niche hobby, an exciting lifestyle, or a talent for making videos? All these skills can be used to start a YouTube channel!
YouTube can take as much or as little of your time as you want, which is why it’s such a popular choice for making money on the side.
Once you’ve got your army of subscribers, you can start cashing through the YouTube creator fund, as well as through brand partnerships.
Taking Online Surveys
This method won’t earn you the big bucks, but it can be a good way to earn some extra money while you’re bored at your full-time job or if you want something to occupy your hands while you’re watching TV.
There are lots of sites out there that will pay you in either gift cards or cash in exchange for completing surveys. Here are a few worth checking out:
Note: Most of these sites require you to have a PayPal account if you want to receive cash payouts.
Recommended Reading: Our Favorite Online Survey Companies
How to Make Money On The Side Through Investments and Renting Assets
If you’re leaving your spare cash untouched in your bank account, you’re potentially missing out on a great way to make money on the side.
By investing this money prudently, you can make it grow with very little active time and effort.
Stock Market
Investing in the stock market is a tried and true way to make some extra money!
Check out this great guide from Forbes on how to get started in the stock market. Alternatively, you could hire a professional to help invest your money for you.
Once you’ve invested in the right places (which can often be easier said than done), very little work is required for the potential to make a significant sum.
Real Estate
One of the most stable ways to invest your money is by putting it in real estate.
Whether you buy a run-down home at under-market value to renovate and flip for a major profit or buy a rental property and use the rent as secondary income, real estate is one of the front runners when it comes to an additional source of earnings.
The only catch is that you will need a deposit before being able to break into the market. However, if you have this covered, you are well on your way to extra cashflow on the side!
Cryptocurrency
Investing in cryptocurrency is a relatively new concept that comes with many risks.
It’s important to do your due diligence properly, but it has the potential to make you a good deal of cash.
Again, be warned that you should never go into this market blind; you need to do your research about which coins to invest in and how the entire system works.
Once you have a handle on it, you can start investing! If done well (and with a little luck), cryptocurrency can also be one of the most low-effort ways to make money on the side.
How to Make Money On The Side With Traditional Jobs and Home Services
There are many part-time jobs out there that have unique hours, which lend them to being good ways to make money on the side!
Tutoring
If you are an expert at a certain subject, you may find tutoring to be a good option when looking for secondary income sources.
You can usually set your hours and pay, which means you can work it around your 9-5 job.
Often, students will need tutoring on the weekends to fit in with their school schedules – which makes it even easier to organize sessions around your regular work!
Bartending
Bars usually operate after normal work hours. If you’re looking for a way to make money in the evenings, bartending is a great option.
Between pay and tips, it can be quite a lucrative endeavor – especially if you’re working at a high-end institution.
It can also be a fun way to earn some extra cash, as it is a very social job and requires you to meet lots of new people.
You usually need the experience to become a bartender. However, there are many bartending courses you can take to get up to scratch.
Dog Walking
Animal lovers rejoice! There is a way for you to take your passion and turn it into a way to make money on the side.
Dog walking is a fun way to not only earn some extra cash but also allows you to keep fit and interact with cute pets!
Many dog owners don’t have time to walk their pooches in the early morning or after work – so if you can make this work around your schedule, why not offer your services?
Final Thoughts
There are so many ways to make money on the side. From freelancing and blogging to dog walking, you’re certain to have a marketable skill that will allow you to bring in some extra income.
Sometimes, all it takes is a little creative thinking and hard work to get that secondary income source off the ground! If you put the effort in, the sky truly is the limit and you’ll be making money in no time.
