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One of the most common reasons people say they can’t get started with investing is because they don’t have enough extra cash.
If this sounds like you, then you’re in luck. Because thanks to the internet, there is a growing trend in side hustles that you can use to reach your financial goals.
In this article, we’ll be talking about some of our favorite side hustle ideas out there that can make you real money.
9 on the side job ideas
1.) Tutoring
If you’ve been following us for a while now, you probably know that Steve’s financial freedom journey started with his tutoring business that he ran after school. Steve was a public school math teacher and decided to use his skills to make some extra cash on the side to fund his goals.
Tutoring as a side hustle can come in all shapes and sizes. The key is to find something that you excel at and love. Take that skill, and mentor people that need help.
For Steve, that meant tutoring kids in math after school.
For you, maybe that means becoming a guitar teacher. Or maybe a private soccer coach.
Odds are, you excel at something. And you can use your talents to create a side gig.
Tutoring as a side hustle can either include you starting your own private business where you mentor people. Or in some cases, you might be able to find a third party like a music school if you’re a guitar teacher. Or a business like Kumon if you want to tutor kids after school.
2.) Rent out your spare room
This is another tactic that Steve used to become financially free. And he still does it to this day!
Renting out a room in your home is a great way to earn extra income.
To give you some perspective, let’s say you rent out your spare room for $700 a month. For a year, that’s $8,400. That tenant is helping you pay your mortgage on your home and may also be bringing you in extra cash.
This strategy is pretty straightforward but can be complicated depending on your long-term goals. Finding someone who can be both a roommate and tenant can be difficult.
To learn more about this topic, you can check out our article on House Hacking.
3.) Food/Grocery Delivery
Ever heard of Ubereats or Doordash? Thanks to technology, food delivery has become a popular side hustle because if it’s a low-entry level gig.
You don’t need any fancy skill or degree to become a delivery driver. You just need a vehicle and a phone. Some delivery service apps don’t even require you to use a car.
For example, Postmates allows deliverers to use bikes and scooters. Food delivery companies are anticipating more growth and demand in the future as people become used to the convenience of ordering meals straight to the comfort of their homes.
If you’re interested in delivering food as a side gig, some reputable companies you might want to work for include:
Uber Eats
Door Dash
Postmates
Grubhub
Instacart
If you like to drive around and listen to music or a nice podcast, this can be a great choice for you!
4.) Dropshipping
Dropshipping has become another popular side hustle that some people even turn into a full-time gig.
The concept of dropshipping is that you start a drop shipping business around a specific product or niche of your choice. And your delivery process is what’s called an “order fulfillment method.”
This means you don’t have to keep stock of the products that you are selling. So, you won’t have to buy a bulk of stock in order to sell your product. Instead, you’ll have a third-party supplier keep the inventory of all the products.
For example, if you started a dropshipping business and chose to sell women’s leather purses, you won’t have to buy or produce hundreds of bags to start a business. Instead, you would work with a third-party supplier who holds and produces the bags. And every time someone purchases, a bag from your website, you would notify your supplier to send their order to them.
No, dropshipping is not a get-rich-quick scheme. It requires time and patience to see a drop shipping business grow.
5.) Freelance Writing
Freelance writing is one of the most popular on the side job ideas because of how lucrative it can be.
Freelance writing can come in many forms.
Some freelance writing services include:
Blogging
Copywriting
Audio/video transcriptions
Editing
Website content
Ghostwriting
Newsletters
Emails
The list goes on. Almost anywhere you can find written words put together is a potential job for a freelance writer.
Becoming a freelance writer will include first finding what type of writing skill or skills you want to offer. Then you’ll have to find clients who need your service.
And a fun fact is… everyone with an online presence needs a writer in some shape or form.
As a freelance writer, finding clients can include cold-emailing businesses or using a third-party marketplace like Fiverr or Upwork so businesses can find you.
6.) Rent out your car
If you’re able to go through periods without a car, then this side hustle idea may be the one for you.
That’s right. Technology has now made it possible for us to rent out our cars for a few days.
Kinda like Air Bnb!
The Turo app now allows you to rent out your car or rent cars for yourself. The average Turo host is reported to earn $500 a month.
Not too bad considering all you have to do is own an app and not use your car for a bit.
7.) Flip couches
Couch flipping has become a bit of a trend ever since Real Estate wholesaler, Ryan Pineda boasted about this side hustle being his ticket into Real Estate investing.
The concept is simple, you purchase a used couch whether it be online or from a garage sale. Clean it up, and then sell it for a couple hundred dollars more than what you bought it for.
Some couch flippers have claimed to make up to $8,000 per month from this side gig.
You may need to rent a storage unit especially if you plan to hold more than one couch at a time. And you may also want to consider offering to deliver the couches as part of your process since Ryan Pineda himself said that this was an essential offer that made people decide to buy from him.
8.) Create Youtube tutorials
Kinda like tutoring but you don’t have to take time to find students to work with individually.
You probably have some sort of skill. Or maybe you know some DIY tricks that you can teach others.
To make money from Youtube tutorials you’ll have to make an Adsense account and you’ll also need to get thousands of views on your videos.
So you’ll need to produce multiple quality videos so you gain credibility. You’ll want people to eventually see you as a go-to person for the solutions that you offer.
9.) Trading Options
Of course, we can’t forget about our favorite hustle out there - Options Trading. Some side hustles are so powerful that they can change your entire lifestyle. Options trading is one of them. And that’s why we’re so passionate about teaching others. The truth is Trading Options has a bit of a learning curve compared to our other side hustle suggestions. But lucky for you, we can help you through the process so you won’t have to learn on your own. And trust me, anyone can learn how to do this, even beginners! Anything that can have a profound impact on your life will take time and effort. But you can learn everything you need to know about options trading from the comfort of your home as long as you have these three things.
1. Internet access
2. A computer
3. Capital to invest
We will teach you how to manage risk and make a profit whether the market goes up or down. You’ll learn when to buy and sell LEAPS options so you have the confidence to trade on your own. This is by far our top side hustle recommendation not just because we teach it, but because it’s a skill that you can use for the rest of your life. You can click here to see the different plans we offer our students. And if you really excel at trading options, then you can even make it your full-time gig.
The Right Mindset for Making Extra Money
The best side hustle is the one you take action on. The internet is full of people sharing their side hustles. And the ones who really excel are the ones who focus and commit.
When you’re deciding what side hustle is for you, we recommend choosing something that you truly enjoy. For example, Steve loves to teach. And he also loves math. So he decided to become a math tutor.
There are hundreds of things that you can do for extra money. You can even get paid to take surveys or flip pokemon cards these days. But the key is finding something you love because you’re going to have to commit to it.
We hope you learned something from our list of on the side job ideas. If you learned something new, share this article with a friend who might benefit from this information.