No matter who they are, everyone could use some extra income. It’s a dream that leads some to play the lottery and others to start grinding in a side hustle.
If you prefer results to dreaming about a windfall that will never come, it’s time to get started today. While there are many possibilities out there, the best usually center around work that you can ramp up over time. This way, you can make some money on the side when you have time and begin to really see how much of a difference you can make.
Particularly if you have some patience, many options truly can be high-paying. In fact, many people often end up realizing that their “real job” is not nearly as lucrative or fulfilling. Next thing they know, this “hobby job” becomes their new livelihood.
If this sounds like something for you, don’t hesitate any longer. Start thinking about all the possibilities and realize that something is bound to work for you.
1. Online Knowledge Work
The virtual world is a great way to kick start a potentially lucrative side hustle, and this is especially true if you have a specific skill. Freelance writing, copywriting, or proofreading can all pay excellent per-hour rates. Some people have turned online tutoring, English teaching, or translation into a full-time gig. And others regularly find great graphic design or photo editing work.
There are specialized sites that cater to each of these skills as well as constantly updated listings on platforms like Upwork or Fiverr. Regardless the skill, there are vast opportunities for all types of knowledge work in today’s commercial landscape.
Every company needs more content to share and promote themselves, and this requires more and more people to get that work done. And because it is all done digitally, this side hustle comes with the extra benefit of flexibility. You can work wherever, whenever you want.
2. Direct Sales
Whether it’s a lemonade stand, a college course, binge-watching “Shark Tank,” or an actual job, most people at some point are struck by the sales bug. It’s the type of challenge that definitely appeals to a certain personality type, but there is also something universal to it. And many people — even those turned off by the more corporate or used-car styles — find that direct sales is right up their alley.
First, it offers the ability to be your own boss, set your own hours, and see real-world returns and progress on every sale you make. Ultimately, with a leading company like Amway, for example, you become your own independent business owner, and the growth potential is very, very high for any entrepreneur with the requisite initiative.
Despite all the concrete evidence to the contrary, however, some people still ask themselves, “Is Amway a pyramid scheme?” As has been shown time and time again, nothing could be further from the truth. Ultimately, you will get as much out of the Amway experience as you put in. And many of those who truly devote themselves turn this from a side gig into a full-time career.
3. Renting Space
Making passive income from rental properties has always been a great way to invest. People have long prospered by buying up discounted property and then fixing it up to rent out for big profits. It is especially popular in college towns where demand is high and the tenants are mostly just looking for a place to rest their head for a year or two.
Naturally, however, this takes something of a large upfront capital outlay. It’s still a great route to accumulating some side income if you can make it work — and the return on investment can be simply phenomenal, especially if the mortgage is paid off quickly and the real estate appreciates.
But this concept has now opened up much wider in a world where Airbnb is so popular. Whether you have an open room that you can rent out long term, a basement you can turn into an apartment, or you just travel a lot, you may be able to make some significant extra income just by listing your space on the platform. There have been people who start off small — just trying to make enough for an unexpected car repair or a vacation — but then dive in fully and make this into a life-changer.
Seize the Day on Side Income
Too many people today feel trapped in the rat race. They think that they picked a career lane — maybe even decades ago — and are stuck there forever.
Don’t fall into this trap! There are great ways to start earning on the side without giving up your current security blanket, including knowledge sector work online, direct sales, and home rentals.
Chances are, one of these options can work with your current situation. And as you advance and start understanding how to really navigate the new landscape, this may not just be a side job for long. There is real money to be made if you seize the day and recognize that the sky really is the limit.