So it’s that time of year when everyone wants to make some extra cash. Who wouldn’t like to make an extra thousand dollars per month or to supplement their current income with something a bit more interesting that they can do in their spare time.
I know there are some of us who are relaxing in our rooms watching Netflix and eating junk when actually you could be using that time more productively to make more money doing a side hustle. Well, today is going to be for those of you guys who are trying to supplement your income and find a way to make any extra cash on the side.
Side hustles are not a thing to be scoffed at. It doesn’t matter if it’s big or small, these can be used to pay bills, pay off debt and more importantly, put in a savings or investment account.
Nowadays thinking that one source of revenue is going to be enough for you, isn't going to cut it, so think again. If we have learned anything from 2020, we need options.
1. Test Preparations
There are a lot of different ways that people make money when it comes to test preparations. If you are someone who is studious, or you’ve already finished your exams, you can actually help someone who wants to be in that field. So how do you check in by making it a side hustle.
Some people sell their existing notes. Stuvia is an online marketplace where students can buy and sell module summaries like lecture notes, surveys, assignments, summaries and so on. Top sellers can make over four hundred dollars per month selling their paperwork and study documentations.
2. Online Tutor
You can also make some extra cash in the education market by becoming an online tutor. Online tutors can make anywhere between fifteen and twenty dollars per hour, providing information that they already know.
You might be someone who has just passed your exams and might want to help somebody else who’s trying to get there as well. Being well-prepared and articulate in the educational market can be very lucrative particularly if you have a niche.
For example, there is actually a course which is how to pass the bar shorturl.at/byCZ8 and that goes for over a thousand dollars. There are definitely people who are trying to up their educational level and if you are someone who is smart enough you could be the one helping them do that as a side hustle.
As an online tutor, you can teach privately in groups earning around twenty dollars per hour. Depending on your niche, you can create your own course on how to pass a specialized exam.
3. Renting Your Home
This is a legitimate and easy side hustle if you have the resources which is basically a roof over your head and a spare bedroom. This is actually something that a friend has always done. He has a decent size home.
54% of the people who own their own home said that they would be open to renting it out and 82% of those really do believe that this is a money making strategy. Now this may be in a world post COVID-19. However, renting out your home is a great way to actually make some extra cash if you need it and people do this a lot particularly if they are not in their home. Why not rent out your home and make money while you enjoy a holiday.
Now if you’re renting you may need to check your agreement because this would be considered ‘‘subletting’’ and in some cases this is illegal. But if you’re a homeowner, and you’ve got a spare room why not open your doors to someone, as long as they’re not a serial killer. Airbnb hosts can make over 900 to thousands of dollars per month, and you can even rent out your home to productions.
Film studios and TV people actually find everyday homes that are interesting so why not think about putting your home on a production website and for a day you might have to skip off, but they’ll pay you up to $500 and even more.
4. Become an online content creator
While writing is an option, many more people now have a lot of success by creating online videos. With the advent of online marketing and digital marketing, there is an increased demand for content to share on social media. Why?
Because social media is growing very fast and people love information. Therefore, they love sharing content they know will help others. This is where you can come in.
If you have any experience on YouTube, a website like Upworthy or Bustle may be a good place to start. Many brands now want to create more engaging content that can be shared across social media platforms.
Funny cat videos and funny lifestyle pieces do a lot of the work on the internet. People enjoy sharing these stories because they make them laugh. That’s one of the main reasons people love online content, as it’s all about making people laugh. Once you create a video, you can send it to any of these sites to see if they will feature your work and pay you a share of the ad revenue.