Working a part-time gig on top of your full-time job provides extra income and comes with other benefits like learning new skills and gaining valuable experience. And the good news is that there are loads of options out there for making money in your spare time to help you get ahead financially.
Here are five side hustles worth considering this summer.
Freelance writing is a great way to make money, with the flexibility to work when you want. You can find freelance writing gigs on sites like Upwork and Freelancer.com.
Many types of freelance writing opportunities require different skill sets and experience levels—from proofreading to copywriting and even ghostwriting for books.
Regardless of which type of freelance writing you decide to pursue, it’s crucial to build up your portfolio before freelancing.
Airbnb has been an excellent way for people to turn their homes into a hub of activity, whether by sharing their homes or inviting visitors and travelers into their homes.
If you have time and don’t mind having others in your spare room, this can be an excellent side hustle to fill that time.
Airbnb hosts generally make money through the following sources:
- The guest fee: Guests pay a certain amount of money to stay at your place.
- Tips: Many guests will leave tips for hosts who go above and beyond in helping them during their stay. And since many people tend to tip generously when they’re having fun and enjoying themselves, this could be very lucrative indeed.
Blogging is a great side hustle because it can be done when and where you want, and there are no limits to what type of content you write about. It’s also highly profitable, with a wide range of revenue possibilities. You need to be passionate about your blog topic and consistent in your posting schedule to attract readers and make money from them.
Look at all the topics that interest you—from hobbies to political views or even just up-and-coming trends like cryptocurrency speculation—and see if one of them makes sense as a potential side hustle for yourself.
Next, look into different types of blogs already successful in this area (you can find examples on sites like Pinterest), then come up with an idea for something unique enough to stand out but still related sufficient to draw traffic from those established sites’ audiences.
Invest in the Stock Market
Investing in stocks is very attractive because there’s more potential upside than most other investments like bonds or cash savings accounts (which are also good options if you want some peace of mind).
Stock investment can be tricky, especially when buying individual shares. This is where options trading makes sense due to their lower risk profiles than other types of trades, such as long calls, which require large upfront capital commitments from traders before they even begin trading correctly.
If you decide to use the stock market as a side hustle, choose a reliable broker for option trading to get started.
A virtual assistant is someone who gets paid to perform administrative tasks remotely. They might be hired by an individual or business to take care of their day-to-day tasks and correspondence, such as answering emails, creating spreadsheets, and helping with tax preparation.
To become a virtual assistant, you need to do the following:
- Take short-term courses in accounting and computer skills.
- Learn how to use office productivity tools like Dropbox and Google Docs.
- Start looking for clients on freelance websites or social media groups (for example, LinkedIn) where you can share your skills and experience with potential employers.
Hopefully, this list will help you get started on your side hustle. Remember that making a little extra cash never hurts, but the personal growth you can experience through side hustles makes them genuinely worthwhile. Good luck!
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