8 Ways to Make Extra Money
From online teaching to selling your gently used wares on the internet, there are plenty of easy ways to make money fast. It comes down to tapping your talents, carving out some time to monetize them and also knowing your overall spending and savings habits. Read on for ways to help you make the extra money.
1. Online teaching
Whether you choose to tutor students in a particular subject – or fill in here and there as a substitute – the internet is brimming with opportunities. It’s a side gig that’s ideal for folks who are patient, organized and enjoy putting complex concepts into easy-to-digest language for kids. Prior teaching experience will likely give you a leg up.
How much can you make? The national average pay for an online substitute teacher is $17 per hour, according to ZipRecruiter. Meanwhile, student services sites like Chegg pay online tutors an hourly rate of $20.
Babysitting could be a lucrative side gig for those looking to make extra money. The key is connecting with a family you like so that you’ll be their go-to caregiver. Believe it or not, virtual babysitting exists. The Babysitting Company, for example, offers digital sing-alongs, meditation, dance, story time and more in addition to in-person care.
How much can you make? Sittercity reports the average babysitter this year will pull in $16.50 per hour, regardless of whether they’re providing in-person or digital care. The website advises tacking on an additional dollar or two for each additional child in your care.
3. Consulting work
Since the coronavirus pandemic, many companies have learned to work with and rely on remote workers. To make extra cash, take the marketable skills you use at your day job and bring them to the freelance market. From IT specialists to marketing coordinators to graphic designers, pretty much anyone can branch into consulting work. Sites like Fiverr can connect you with potential clients, though you can also pitch your services at companies within your industry.
How much can you make? It depends on your skill set. Professionals like accountants, lawyers, financial planners, programmers and web developers will most likely have the highest earning potential. But that’s not to say you can’t find easy ways to make money within other industries.
4. Delivering items
If you’ve got a car and want to make money, you’ve got a potential side hustle on your hands. For example, food delivery – whether groceries or restaurant takeout – is a booming industry. If this interests you, the following companies are solid places to start:
If you’re interested in delivering more than just food, Amazon Flex is another way to monetize your free time and take advantage of the company’s vast supply of products. With Flex, you block a chunk of time to make Amazon deliveries, then get paid.
How much can you make? According to data from Glassdoor, many food delivery jobs pay in the range of $10 to $15 an hour. Amazon says most Flex drivers earn $18 to $25 per hour, although actual earnings depend on factors like your location, tips and how long it takes to make a delivery.
5. Cleaning homes
Marketing yourself as someone who knows how to disinfect a home could serve you well. Gathering up even a small collection of repeat clients can add up quickly when it comes to drumming up fast money. You can either go out on your own and launch a side business or connect with an established cleaning service company. Sites like TIDY pair you with clients and allow you to set your own hours.
How much can you make? TIDY says some homekeepers, as they’re called, earn up to $27 hourly, although, again, your earnings will depend on factors like location, as well as your skills and how much you work. ZipRecruiter puts the national average pay for housekeeping help at $13 per hour.
6. Selling old clothes online
Many online platforms make it especially easy to sell everything from clothes to furniture to baby gear to generate extra income. Some charge a fee for their services. Those that don’t often require more upfront work on your end. Here are few sites to consider:
- Facebook Marketplace: You can expect a clean interface that’s straightforward and simple to use. Snap a photo of your item, add a description, then upload it to the marketplace free of charge. From there, interested Facebook users will message you directly, at which point you can coordinate the transactions privately.
- thredUP: thredUP is an online thrift store that appeals to pretty much all demographics – men, women and kids. You order one of their clean-out kits, fill it with your items, then ship it back for free. After that, the site will list and price your things for you. (You can go in and edit the prices if you want.) Then you’ll get paid for items that sell. Your cut is a percentage that’s based on this pricing structure.
- Poshmark: This online used clothing and accessories shop allows you to upload your items for free and set whatever price you want. If something sells, they collect a fee – $2.95 for sales under $15; 20% for sales over $15. They provide sellers with free prepaid shipping labels and free credit card processing.
How much can you make? It really all depends on what you’re selling and which platform you use.
7. Swapping out unwanted electronics
We’ve all got old cell phones and long-abandoned tablets lying around. You could turn those tech relics into some quick cash. Decluttr provides near instant quotes for your items. If it sounds good to you, they’ll take everything from CDs, DVDs and games off your hands free of charge, provide free shipping, then pay you shortly. Gazelle is another popular site that follows a similar model.
How much can you make? The quality and value of what you’re offloading will determine how much you’ll net.
8. Mowing lawns
If you’re within its operating areas, Mow Magic links you directly to available mowing jobs nearby. Greenpal has a wider reach, connecting homeowners in need of lawn care with established vendors; this is worth considering if you’re hoping to launch a legit side business. You can also do things the old-fashioned way by calling on your neighbors to see if they need help mowing lawns or shoveling snow.
How much can you make? HomeAdvisor reports that the national average pay for mowing a lawn is $132. Snow removal comes in at an average of $110.
Unlocking additional income doesn’t have to require a lot of effort. For many people, driving cars for Uber and Lyft remains a popular option. But the eight side hustle jobs described above are worth considering as well. There are plenty of ways to monetize your spare time – you just have to know where to look.