Side hustles are all the rage today. You’ve got Uber promoting themselves as a part time job. Then there’s Lyft, Favor, and about a gazillion other things you can do to earn some extra cash. Even our next president has a side gig.
But those options are just the tip of the iceberg! So what can you do to earn thousands in extra income every year? Well, the following are great options:
Have an extra room in your house or apartment? Become a host for Airbnb. You can make extra cash by renting out the extra space you have. And the earning potential can be high, especially if you live in or near a big city and/or a hot spot for tourism.
You get to set your rate, the rules, when you allow people to stay, and more. How much can you make for letting someone sleep at your place? Easily in the thousands a year.
Among the originals when it comes to on demand rides, Uber is a great place to earn extra cash. According to their own website you can expect to make about $19 an hour.
So here’s a scenario: Let’s say you can only work every other week. And when you do work, it’s roughly 20 hours each week. Well, you can make about $380. That adds up to $9,500 a year (not including gas or other extras). Nearly $10K extra a year for driving people around? Where do I sign up?
The company known for giving people a pink mustache ride seems to be getting more popular every day. Personally, I prefer Lyft over Uber (as a rider) because it’s generally cheaper. Lyft claims their drivers make roughly $35 an hour. I think that’s a bit of an exaggeration, and the earning potential is probably comparable to Uber (depending on where you live). Meaning, you can earn about $9,500 a year extra in gross income.
Favor isn’t everywhere yet, but I think it will be soon. It’s similar to Uber and Lyft in that you drive a lot. But in this case, you’re not driving people around. Instead, you’re picking up things and bringing them to the customer that requested it. Favor calls their drivers “runners.” And even though the homepage of their website claims that “anything” can be delivered, the FAQ section tells a slightly different story.
With Favor the earning potential is in between $15-$20 an hour. So if you work every other week for 20 hours a week, you can expect to make somewhere between $7,500 and $10,000 in extra income.
Driving ain’t your thing? No worries! Rover is a pet sitting service that can make you a pretty penny.
Here’s how it works: as a sitter, you can set your own schedule, your own services, and your own rates. According to the director of operations at Rover, those who treat pet sitting as a part time job make an average of $1,000 a month.
As you can tell, there are plenty of options out there (the above are just a few) if you are in the market for a side gig. And the best part about many is the fact that you can make as much or as little as you want with them! You schedule your own hours, and for some, make your own rate.
In many ways, your life is what you make of it. And with these part time gigs, many people are making their lives better. You can use this money for a college savings fund, a vacation fund, a new car fund, or any other kind of fund you want. The fact of the matter is, the demand is there, so get out there and make the most of it.
Featured image courtesy of Boing Boing