15 Side Hustle Ideas To Make You Extra Money in 2020
With today’s economy, having one source of income is scarcely enough to feed the whole family. Even if its sufficient, you might need an extra source of income as a supplement for other added expenses that you might want. For example, your main income might be enough for your monthly bills and expenses, but not enough if you’re a wanderlust traveller who loves travelling the world. Side hustles are a great way to give you extra income so that you can live more comfortably or do all the things that you love. For some people, side hustles are a must as their main income might not be sufficient. Today we will uncover a list of side hustles that you might be interested in, so that you can earn extra money.
Side Hustle Ideas to Make Extra Money
1. Help People with Odd Tasks
Platforms like Taskrabbit or Airtasker offers work to people for a bunch of reasons.
2. Local Service Provider
If you have a special skill to offer such as tutoring, caretaking etc, you can advertise it on sites like Craigslist or even Facebook. Facebook is a great way to get customers as its free advertisement. You might even find a Facebook Community with the type of niche you’re offering. For example, if you have experience as a certified math tutor, you can advertise it and find parents who are looking for a travelling tutor. You might have to negotiate and charge a little less at first. But once you’ve got a few clients and some recommendations, you can increase your price if necessary. It’s a great way to utilize your skill while making some extra income.
3. Dropshipping – Online Businesses
The dropshipping business has boomed recently as people move away from the boring 9-5 routines to establish their own business. You can also do this as a side hustle. Many dropshippers begin this as a side hustle, and eventually quit their jobs to focus on running their business as soon as they see sustainable income.
The dropshipping business model is a simple business to run as it doesn’t require inventory, warehousing costs, etc. It also doesn’t require any large amounts of upfront costs that a physical business need. You’re essentially the middleman between supplier and customer. All you have to do is advertise your supplier’s products to get sales and facilitate the orders between supplier and customer. To start a dropshipping business, all you need is a laptop and a stable internet connection.
Nonetheless, your returns depend on how much time and money you invest. You will also learn a bunch of skills along the way as you will be working solo at the start. You can learn how to dropshipping here.
4. Online Chat Support
This is another side hustle that you can work from anywhere as long as you have a laptop and a stable internet connection. Many companies outsource their customer service to save cost and you can be doing this to earn $9 to $18 depending on your client.
5. Food Delivery (Ubereats)
The food delivery service has exploded over the years as numerous companies compete for efficient service. With this comes a whole list of job options. If you have a motorbike or just a bicycle, depending on the company’s needs, you got yourself a job.
If you’re bubbly, outgoing, and love meeting new people, then this is the job for you! Companionship is very important and with hectic working hours, some people are left with no time for social events or making new friends. Hence, comes rentafriend.com. People can now hire you to accompany them to events or just hang out!
7. Flipping domains
You can flip anything for a profit these days. Flipping cars, furniture, or even houses are very common these days. But did you know that you can also flip domains? Although flipping domains might take some initial investment and some time to see results, its becoming increasingly popular. How it works is that you purchase a domain name, then resell it for profit. Some people are willing to pay high prices if it’s the domain name that they really want. However, this side hustle method requires some research skills and also some risks. You will also need to consider factors such as domain name, extension, age, and authority.
8. Pet Sitting
If you’ve always wanted to have a pet but couldn’t due to allergic housemates or strict parents, here’s your chance! Get paid to have one on one time with other people’s pets. You get to take care of other people’s pets while they’re on holiday.
9. Renting Your Car
Do you have an extra set of wheels at home that nobody uses? Why not let someone else use it and pay you! That way, you can also create some free space in your garage to put something else. Maybe a grill that you bought with your new side hustle? Turo is a great peer to peer service that you can use to list your car. You also set the amount to rent your car depending on its condition and duration of the rental. You will also have to ensure that it is kept clean and well maintained.
10. Flipping items on eBay
Like we previously explored on flipping domains, you can flip anything these days and make some money. Flipping items on eBay is a popular method for a side hustle. There are so many places that you can find items for cheap, flip them and list them on eBay. You can visit thrift stores, garage sales, or even Facebook marketplace for cheap items that you can find locally. You can also find a bunch of videos on YouTube on how to flip items. Not only will you learn some DIY skills, you will also learn how to calculate profit margins as you will need to calculate expenses etc. to ensure you’re making a profit. You can even start by looking around your house or storage unit for anything you haven’t used in awhile and flip it for money instead of having it lie around and take up space. Flipping items on eBay has been a side hustle that many people have counted on so you can be sure its safe.
11. Amazon Flex
Work with Amazon Flex as a delivery partner and make between $18 and $25 at your own flexibility. Its super simple to get started. All you need is a vehicle, and a smartphone so that you can install the Amazon Flex App.
12. Charging Scooters
eScooters are the in thing nowadays. They’re so easy to use and very convenient especially in cities with busy streets and heavy traffic. They’re usually also super cheap and not to mention, lots of fun. Depending on where you live, this could be a side hustle option for you. Bird and Lime are currently the two most popular brands and Bird pays you based on when the scooter was last charged, and when it becomes usable again. You can earn between $3 to $30 per scooter with Bird, which is a lot! Lime will pay $5 per scooter which is also quite a lot considering the job load. If you live in a busy city then you’ll have a high chance of earning more. You can just collect them on your way home from work and charge them overnight and drop them off again on your way to work. All you need is a smartphone to install the app as it shows you available scooters in the area.
13. Private Parking Space – Kerb
If you live in certain areas with minimum parking options and you have ample space on your lawn, then this is the side hustle for you. It’s super simple as you won’t have to do much! You’re basically charging people to park on your free space. This works if you live near airports, concert venues, etc as these places usually charge high parking fees. Some people might also want to leave their cars long term as they travel abroad etc. You can also do it through several rental agencies.
There are so many freelance platforms online such as Peopleperhour, Freelancer, etc. You just sign up and all you need is your laptop and a stable internet connection to complete your tasks. These sites are also mostly secured as everything is done via the platforms. If you love writing, coding, building websites, etc. then this is the job for you.
15. Rent your place on Airbnb
Rent out your spare room or property to get extra income on Airbnb.