Nearly four in ten Americans have a job they do on the side to generate some supplementary income.
Making extra cash is something that has the potential to significantly improve your life circumstance. It can help you beat down stress and worry from crippling debt or even contribute towards your early retirement.
However, it can be hard to figure out what is a legitimate way to make extra cash and what isn’t. The last thing you want to do is waste your time going down a rabbit hole.
Here are some ideas on how you can make that extra dollar and grow your income the right way.
1. Take Surveys to Earn Some Supplementary Income
Many companies recognize the need for customer feedback to help them understand how well their products work.
It is when these firms hear what consumer have to say that they know what to keep and what to improve upon. Surveys are the tools many companies use to get customers’ opinions and the good news is that they will pay you for it.
However, be warned that not every survey website is legit or worth your time. Do your due diligence
2. Rent out Your Car
The rise of the gig economy has placed making extra money within the reach of more people.
If you happen to own a car, you can take advantage of this wave and rent it out for some supplemental cash.
The great part about it is that you don’t have to be the one looking for customers. There are websites that will rent out your car, deal with the hassle of finding and serving customers and send you the money.
These same firms will ensure that drivers are pre-screened and your car is insured so that you don’t lose it.
3. Become a Ride Hailing App Driver
If you don’t like the idea of renting out your car to make extra money, you can consider becoming a driver for a rideshare company.
Uber and Lyft are the most notable companies giving drivers the chance to earn extra income by picking up and dropping off passengers.
If you want to be an Uber driver, for example, but don’t own a car then you can get a loan to help you out.
Some companies like Bonsai Finance will give you a car loan that you’ll pay off via your income as a driver.
4. Recharge Electric Scooters
Electric scooters are becoming quite popular as a form of sustainable city transport.
For those who are home-based like stay at home moms or freelancers, this can be an answer on how to make extra money.
You can become part of the people that are hired to pick them up and recharge them overnight at your home for a fee. In the morning you then place them back out on the street.
5. Become a Tutor
Tutoring is an easy way of earning an extra coin, and you don’t need to be a genius to do it. All it takes is to identify an area where you’ve got adequate knowledge then teach it for a fee.
For example, you can help foreign students who are trying to learn English. Or high school kids struggling in math or sciences.
The internet now makes tutoring easier as you can use online platforms to do it when you are most flexible. Just sign up on these sites and find a ready pool of people who need your expertise at any time of day or night.
6. Be a User Experience Tester
In this internet age, every company needs its website to provide users with an excellent experience.
Consequently, many firms continuously carry out assessments to find out where they can improve their user experience.
Companies contracted to carry out user experience tests can pay you for telling them what you find wrong or right with a website.
7. Start Pet-Sitting
If you love pets then you can turn your affection for them into an income stream.
Pet owners who have to leave their furry friend at home fret about their well-being especially if they intend to be away from extended periods of time.
As a result, these pet owners can hire you to spend time at their house with the pet taking care of it.
Before d-day arrives it is important to make a home visit, build a rapport with the pet, and get to know the owners. It will make your work much easier.
8. Start a Blog
Nowadays it is possible to make a living through blogging. No matter what your passion is, you can share it with the world and have fun while you bring in much needed extra income.
One way to do it is to start a blog, grow it to again viewership and through that sell advertising space.
You can choose to become an affiliate marketer and advertise products for a commission when people buy through your affiliate link.
Another common way to make money from your blog is by creating and selling resources like ebooks, online courses, and webinars.
9. Be a Virtual Assistant
The internet has turned the world into a global village. Things that required face-to-face meetings nowadays can be done without ever seeing the other party.
It is in this context that virtual assistant work has gained popularity in recent years.
As a virtual assistant, you will be helping businesses via the internet to do tasks that they would rather hire others for.
These jobs include data entry, editing, email management, and the like. A key attraction here is that you will be in charge of your schedule and, therefore, it can be a flexible arrangement.
Put in the Extra Effort to Reap the Reward
Working a side job is a sacrifice that has the potential to make your life more enjoyable. When you’re thinking of how to earn a supplementary income you have to be smart. If not, you might be in danger of wasting your time.
Do you want to learn more about business and finance? Check out our blog to learn how you can increase your income for a better life.