The fact is, most jobs don’t pay all the bills. Especially if you’re early in your career. If you’re looking for ways to make some extra money each month, you may want to start your own side hustle. If you don’t know what a side hustle is, it’s simply a way for you to make some extra cash outside of your day job.
Maybe you want the money to pursue a passion, buy something you want, or pad your savings account. Whatever the reason, if you have the self-discipline to leverage your spare time there are several ways you can bring in more money.
Here are 4 ideas to get you started:
- The Gig Economy
Thanks in large part to the Internet, there are many ways you can utilize the skills you already possess to make money. If you’re a website builder, you can create websites for people or businesses. Maybe you’re a writer, photographer, or a graphics designer. There are many websites, like Fiverr, Upwork, or Freelancer where you can market your skills on a per job basis. There are people who actually make their primary income working like this.
- Ebay, Craigslist, or Garage/Yard Sales
One of the easiest ways to make some extra money is by selling things you no longer want or need. Used items like clothes, sport equipment, appliances, or furniture can be sold online or in a garage sale. If you want to take it to another level, you can even sell items for other people on Ebay and take a commission on each sale. Just be sure to write good descriptions and take several high-quality photos
- Real Estate/Purchasing Rental Property
Purchasing property has long been a reliable way to bring in consistent cash. In recent years, a boom in the rental market seems to have brought even more people into the world of real estate. If purchasing property isn’t possible for you right now, consider renting out that loft above your garage, or a spare room in your house on Airbnb. Once you’ve listed your space on Airbnb, you’ll get paid within 24 hours after a guest checks in. Many people turn this into their primary source of income.
- Management Consulting
If you’ve ever been in management and experienced quantifiable success, your skills are in high demand. Consulting, especially in the areas of management and leadership, can be very lucrative. Especially if you can get into corporations, but even local businesses are in need of help. Another plus is that there are several ways you can cash in on this. Besides in-person consulting, you can create an online course, or even produce training materials. If you have the skills, the demand is already there.
A side hustle is not only a great way to earn extra money, you can also learn new skills and build a reputation as a person that gets things done. It will give you more freedom to explore other opportunities, or simply improve your financial standing. Besides, who couldn’t use a little extra money? Whether you’re starting a business, planning a wedding, paying off debt, or saving for a down payment, your side hustle could be a game changer.
For more ideas or a strategy call, go to the contact page and send me a message, I’d love to hear from you!