Contrary to popular belief, to put an extra amount of money on top of your yearly income there is no need to change jobs or start your own business. Originally the term “side hustle” was used to talk about starting a business so that you can eventually quit your current 9-5 job. However, this word has now developed a bit of a different meaning not everyone is looking to quit their current job.
In today’s economy, the costs of living are off the rails. This means making money is crucial to survive and the opportunity to make a little bit more on top of your yearly income is even better.
A side hustle nowadays is something you do to add income while you are working a full time job. It is something you add to your daily list of tasks while still working your normal job hence why it’s called a side hustle. This isn’t your main source of income and doesn’t ever have to be. However, after a while, some people may decide to put more time into the work and turn their side hustle into a full-time job.
This article will discuss five side hustles (part-time work) you can look into doing while working a standard job. Side jobs like these will make a considerable impact on your yearly income whether you are looking to save up faster or thinking of investing in something special this year.
1. Uber and Lyft
Driving for Uber or Lyft is not the perfect side hustle for everybody but it could still be a profitable side hustle if you enjoy driving and have access to a vehicle to pick up food or passengers. The fact that you can work anytime and from anywhere (to anywhere) makes rideshare driving a much more attractive part-time job. Drivers draw out their own strategies and sometimes make the best money for them. Some people have even chosen to be rideshare drivers as their full-time job.
Unfortunately, this alternative is not possible if you don’t live in a huge metropolis that allows such services. In smaller communities, there are not as many advanced transit choices available.
In order to become a rideshare driver, you also need to have access to a car that meets the specifications for ridesharing. Although it is a matter of which type of rideshare business and the city you are operating in, the specifications normally look for new, damage-free cars with at least five seats. As a sole proprietor, however, you can also benefit from certain tax deductions.
Upwork is a wonderful online site you can use to your advantage to make extra money. Whether it is writing blogs or articles, inputting data, audio editing, discussing the news, there’s certainly someone who will be looking for someone with your talent on this website.
Upwork is a terrific side hustle for anyone with a full-time career because you can find almost any type of work to do there. You can select and work on the projects you’re interested in and skip ones you’re not interested in. It’s important that you can choose to finish projects in your own time frame as well.
To apply for jobs on Upwork you will use your “credits”. Credits are also looked at by the person hiring you to do the jobs. These credits will be received monthly, the longer you have been working on Upwork – the more credits will be earned. If you want a headstart you can also pay Upwork to buy extra credit for yourself. Freelancers receive additional points for responses to their proposals, or for gaining interviews with employers.
The disadvantage is that Upwork takes a large percentage from your earnings. While the percentage of the cut they take depends on the number of jobs they get, independent workers on Upwork should expect 20% to go to the platform at once. On top of that Upwork also makes you pay a fee to them because they are helping to collect your money for you.
3. Slots online
Many people mistake online casinos as just sites that provide games to pass the time. Little did you know that some people make an incredible amount of money playing games such as online slots.
Although playing slots online might be enjoyable and exhilarating, many players are unhappy with their losses. You can avoid becoming one of these players by knowing how to make the most of your winnings. If you are a newbie, you can spend time on simulation applications or sites to play the game without using real money. Once you know how to play the game, you’ll be shocked at what you can earn.
4. Online surveys
It must be admitted that you can’t exactly become a millionaire by doing online surveys however they can definitely make you some extra money. If you enjoy sharing your thoughts and opinions on products or websites and trying new things this job would be a great side hustle for you. Organizations that pay you to complete these types of surveys are looking for information to have a better understanding of their market and its needs. The thing is you’ve probably done similar surveys in the past for free, this time you’ll just be getting paid for it.
The money you get from online surveys isn’t very much nor is it constant or scalable. It’s a popular side hustle because you can be making money while you stand in line, on the train, or watching Netflix at home.
The majority of surveys only take a few minutes, and the longer ones pay significantly more. This is a straightforward form of earning extra cash. Just go to a website such as Swagbucks and Toluna, build a profile and wait for companies to send you their surveys.
5. Affiliate marketing
While you can utilize affiliate marketing as part of a blog income stream, you don’t have to have a blog to make money off of it. What you really need is an engaged audience that trusts your opinions and recommendations. The objective is to collaborate and share trackable affiliate links with your audience to brands you like. When someone purchases using your affiliate link, you get a commission.
Affiliate marketing may be a part-time or a full-time profession. This can become a full-time job, depending on how much time and how hard you work on it. However, major improvements in income and audience take some time to progress in most circumstances.