5 Side Hustle that Could Help you Earn Money—Including One that's Surprisingly Lucrative
According to a 2021 FlexJobs poll of more than 2,100 people, a majority of men (69%) and women (80%) stated remote work alternatives are among the most significant aspects to consider when considering a job offer.
Flexibility in extra revenue streams outside of your day job can also be a priority, especially as side hustles become more common. Fortunately, there are a variety of side hustles to choose from home.
Side hustles have always been a popular way to supplement one's income, and all people have embraced the concept of diversifying one's income.
According to LendingTree, half of the millennials born between 1981 and 1996 have a side hustle.
5 Side Hustle Ideas for Making Extra Money
This list has something for everyone, but I wanted to start with some of the most basic ways to earn money. These are for you if you want to generate money without putting in a lot of time or effort.
Here are five side hustles that experts believe are ideal for persons in their twenties.
1. Teach something you're knowledgeable about or skilled at.
Teaching is a great and satisfying occupation, but we all know it isn't the most lucrative.
However, as a teacher, you usually start with poor pay and a lot of student debt, so it's only reasonable to look for side hustles or other methods to supplement your income outside of your chosen job.
Chris Haroun, who has made over $1 million teaching business and personal finance courses on the online learning site Udemy, believes, "Everyone has something to offer." Consider your college major, a class you excelled in high school, or even a hobby you've mastered, and consider how you may teach it to others. Here are three platforms where you could teach or tutor:
- Varsity Tutors: They provides hour-long classes in a variety of areas, from astronomy to dancing. Tutors can set their own hours. Varsity Tutors hourly wage on the site is between $15 and $40.
- Outschool: It provides 40-90 minute classes in topics ranging from culinary to algebra to mathematics to kids aged 3 to 18. According to outschool, Teachers make an average of $40 per hour and “do not require particular teaching credentials,”. Megan Hardy, a stay-at-home mom, makes $10,000 each month on the site teaching Dungeons & Dragons.
- VIPKid and GOGOKID: Tutors teach Chinese kids English for 25 minutes on those websites. Teachers choose their own time periods, and both firms give lesson ideas. According to their websites, VIPKid teachers make $14-$22 per hour and GOGOKID teachers make $14-$25 per hour.
2. Look after the Others Pets
According to Vix Reitano, who turned her digital content side hustle into a six-figure business, people adopted 1.6 million pets last year, so “anything linked to fur-kids” is another fantastic side hustle. “You name it, there's a need for it: pet care, vet care, overnight sitters.” As remote workers return to the office and individuals begin to travel again, this need is expected to expand.
Sites like Rover and Care.com allow you to offer services such as dog walking and pet sitting.
According to Thumbtack, dog walkers earn $20-$40 per hour based on the number of pets, length of the walk, and location, while pet sitters earn $25-$30 per day.
3. Scooters Charging
I believe that charging electric scooters for firms like Lime is a lesser-known side hustle that is particularly appropriate for folks in their 20s. Lime is a mobile application that allows users to hire electric scooters across North America and Europe.
As they're known Juicers, may help the platform with a range of activities, including charging the scooters. You'll download the app, find scooters in your neighbourhood that need charging, take them home to charge them, and then return them in the morning for others to use.
For this operation, you'll need to purchase a scooter charger, which costs $15 on Amazon, but you'll rapidly recoup your investment.
According to Sidehusl.com, the app pays between $5 and $20 per scooter charged.
“The fact that scooters tend to be positioned in dense, hip neighbourhoods is why scooter charging works well for people in their 20s,” adds Ha. “If you're young, you probably live in an area like this and can convert this into a simple side business earning $5 to $30 every night with little effort.”
4. Rent out your things
When you fully mature and begin to accumulate possessions, you can generate money by renting them out. The best aspect is that it's a side venture that generates passive earnings and doesn't take much continuous effort. Here are a few things to think about:
- Bike: Consider renting out your bike on sites like Spinlister if you don't use it much. Users can hire out their bicycles by the hour, day, or week. Although the listing is free, the site deducts a 17.5 percent charge from each rental. For example, one bike owner in New York is asking $10 per hour, $50 per day, and $250 per week for his.
- Car: When working from home means driving less, consider renting a car through services like Turo. According to Turo, the average annual income from listing one car on the site is $10,516, and renters receive between 60% and 85% of the trip price, depending on the vehicle insurance package they choose.
- Space Selling: Consider selling your cool place on Peerspace if it's excellent for photoshoots, baby showers, or professional meetings. Peerspace takes a 15% fee from every booking and now has a $50 per hour creative workplace in Philadelphia and a $175 per hour exposed brick loft in Seattle.
5. Begin a Cleaning Service.
Side hustle expert Nick Loper says, while YouTube, Instagram, and TikTok can be wonderful platforms for building an audience, I believe 20-somethings would be better suited to beginning a service-based. One of that he suggests is cleaning.
for example, on Thumbtack housecleaners offer starting costs as low as $180, with pros on the site paid for any initial talks with possible clients. Cleaning services on TaskRabbit can cost up to $65 per hour, plus a one-time $25 registration fee. Consider the cost of cleaning products when determining your charge, as some clients may ask you to bring them.
If you're putting in hours to supplement your income while working a full-time or another part-time job, discover something you enjoy doing. I can't promise it won't seem like work, but it won't be as unpleasant as doing something you despise.
Also, seek a side hustle that will help you get to where you want to go, not simply where you are. Is it your ambition to quit your full-time job? Then pick something you can establish and grow into a full-time job. Are you looking for a way to supplement your income on a monthly basis? Online Tutoring or Look after the pets could be a nice fit for you.
When you choose your side hustle carefully, it can not only help you make money, but it can also help you save money.