10 Best and Worst Side Hustles for Extra Income: What Works and What Doesn’t
Looking for ways to boost your income without quitting your day job? Side hustles can be a great way to bring in extra cash while keeping your main gig.
From easy online gigs to more involved projects, there are plenty of options to fit your schedule and skills.
But with so many choices, which ones are actually worth your time and effort? In this article, you’ll learn about the top ten side hustles that can help you achieve your financial goals, along with a few to avoid.
Whether you want a quick and easy gig or something you can grow into a full-fledged business, there’s a side hustle out there for you.
1) Freelance Writing
Freelance writing is a popular option for many.
You get to pick your topics and work from anywhere.
It’s great if you love writing and have a knack for research.
You can write for blogs, websites, and magazines.
Many gigs pay per article.
Rates can range widely, so you might make anywhere from $50 to $350 for a 1,000-word piece.
One cool thing about freelance writing is the flexibility.
You can fit it around your schedule.
Whether you want to work mornings, nights, or weekends, it’s up to you.
Many websites and platforms connect writers with clients.
Websites like Upwork and Fiverr are common starting points.
They help you find clients but also take a small fee from your earnings.
Freelance writing can also help you build a portfolio.
With each piece you write, you get to showcase your work.
This can lead to more opportunities and higher-paying gigs in the future.
A downside might be the competition.
There are many writers out there, so standing out can be tough.
That means you need to be persistent and keep improving your skills.
Starting out might be slow.
You may have to take lower-paying jobs at first.
As you gain experience, you can charge more for your work.
Freelance writing can be rewarding.
It lets you be creative and earn money on your terms.
If you enjoy writing, this could be a perfect side hustle for you.
Find more information about freelance writing as a side hustle at Side Hustle Nation or Vital Dollar.
2) Dropshipping
Dropshipping is a popular side hustle where you sell products online without holding any inventory.
You partner with suppliers who ship products directly to your customers.
This means you don’t need to worry about storage or shipping.
One of the big benefits of dropshipping is the low start-up cost.
You don’t need to invest in inventory upfront, which makes it easier to get started.
The downside is fierce competition.
Many people are dropshipping, making it hard to stand out.
Profit margins can also be quite low, especially if you’re competing on price.
Finding a reliable supplier is crucial.
A bad supplier can result in shipping delays or poor product quality, leading to unhappy customers.
It’s important to do your research and make sure your supplier is trustworthy.
Marketing is another challenge.
You’ll need to invest in advertising to drive traffic to your online store.
This can be expensive and requires a good understanding of digital marketing strategies to be successful.
Customer service is another aspect to consider.
You’ll be responsible for handling customer complaints and returns, even though the product is shipped by someone else.
Good customer service can help build your brand and encourage repeat business.
Dropshipping requires a mix of e-commerce skills.
You’ll need to manage your online store, handle marketing, and ensure customer satisfaction.
Even though it’s a low-cost entry, it’s not a get-rich-quick scheme.
Consistent effort and good planning can help you succeed in this side hustle.
For more details, you may find this guide on dropshipping useful.
3) Uber Driving
Uber driving is a popular side hustle where you use your own car to pick up and drop off passengers.
It’s easy to start as long as you meet some basic requirements.
You need to be the minimum age to drive in your city and have a valid driver’s license.
You’ll also need at least one year of driving experience, or three years if you’re under 25.
An eligible 4-door car is required.
Once you’re set up, you can start making money by giving rides through the Uber app.
One of the perks of driving for Uber is the flexibility.
You can set your own hours and work as much or as little as you want.
It’s an excellent way to earn extra cash on your schedule.
Keep in mind that there are costs involved, like gas and maintenance for your car.
Plus, you need to be aware of the wear and tear on your vehicle.
Despite these costs, many people find it a convenient way to supplement their income.
Getting started is fairly simple.
Just sign up on Uber’s platform and go through the necessary background checks and vehicle inspections.
Once approved, you can hit the road and start picking up passengers.
You’ll use the Uber app to receive ride requests, navigate to pick-up locations, and handle payments.
It’s user-friendly and designed to help you manage your work efficiently.
Driving for Uber also gives you the chance to meet new people and explore different parts of your city.
For more information, you can visit Millennial Money Man.
4) Airbnb Hosting
Airbnb hosting can be a fantastic way to make extra money.
Renting a room in your home or an entire property can bring in a significant income.
The first thing you need to do is check your local laws and regulations.
Some areas have restrictions on short-term rentals, so make sure it’s allowed where you live.
Once you’ve got the green light, think about the type of property you want to list.
If you have a spare room, you can start with that.
If not, you might consider renting someone else’s property as a co-host.
Setting up your listing is crucial.
Take clear, bright photos and write a detailed description.
Highlight the best features of your place, like its location, nearby attractions, and any amenities.
Pricing your rental correctly can make or break your side hustle.
Check out similar listings in your area to get an idea of what to charge.
Communication is key.
Your guests will appreciate quick responses to their questions and any issues that come up during their stay.
Keeping your property clean and well-maintained can lead to good reviews which attract more guests.
Consider hiring a cleaning service if you don’t have the time to manage it yourself.
Many hosts report making substantial income from Airbnb.
According to Fundera, the average host makes $924 a month.
So if you’ve got some extra space and want to make some side cash, Airbnb hosting could be the way to go.
5) Tutoring
Tutoring is a fantastic side hustle for teachers.
You already have the skills, and there’s always demand for good tutors.
You can choose to tutor in person or online, catering to students of all ages, from elementary to college level.
Flexibility is one big advantage.
You decide your schedule and how many students you want to take on.
You can focus on subjects you love or are most comfortable teaching.
Online platforms like Tutor.com offer opportunities for online tutoring jobs.
They cover various subjects like math, science, languages, and business.
This makes it easy for you to find something that fits your expertise.
Tutoring in your local area is another option.
Check with schools or community centers for openings.
In-person tutoring can also help build stronger connections with students, which might be rewarding for you.
Rates for tutoring can vary widely.
In some places, you might make an average of $25 an hour.
In other regions, rates could be higher or lower, depending on the subject and demand.
Tutoring isn’t just about teaching; it’s also about mentoring.
You could make a big difference in a student’s life.
Plus, it’s a great way to keep your teaching skills sharp during summer breaks or when you have some extra time.
Finding the right platform or clients might take some effort.
Many teachers start through word-of-mouth or local advertisements.
You can also use social media to spread the word about your services.
6) Virtual Assistant
Being a virtual assistant is a flexible and rewarding side hustle.
You help businesses with tasks like email management, scheduling, and customer service.
It’s a great option if you enjoy organizing and assisting others.
Many virtual assistants start by managing social media.
This involves posting updates, responding to comments, and growing a company’s online presence.
Social media management can be creative and engaging work.
Another common task is administrative support.
This includes tasks like managing calendars, arranging meetings, and handling paperwork.
Businesses often need help with these jobs and are willing to pay for reliable assistance.
Bookkeeping is another valuable service you can offer.
If you have a knack for numbers, you can maintain financial records for small businesses.
This task requires attention to detail but can be quite rewarding.
Some virtual assistants also specialize in customer support.
By handling customer inquiries and resolving issues, you can help businesses maintain good relationships with their clients.
Good communication skills are key here.
The flexibility of this role means you can work from almost anywhere.
This makes it an ideal side hustle for those looking to earn extra income without leaving home.
Websites like Upwork and FlexJobs are great places to find virtual assistant gigs.
These platforms have listings for a wide range of administrative jobs, from entry-level to more specialized tasks.
7) Pet Sitting
Pet sitting can be a fun side hustle, especially if you love animals.
As a pet sitter, you take care of pets while their owners are away.
This could mean feeding them, taking them for walks, or just keeping them company.
How much you earn can vary.
On average, you might make about $16 per hour.
If you offer extra services like dog walking, you can earn a bit more.
Cat sitting pays around the same, usually between $14.50 and $17.30 per hour.
The amount you make can depend on factors like where you live and your experience.
Pet sitting also offers flexibility.
You can often set your own schedule and choose the jobs you want.
This makes it easy to fit around other commitments.
One of the best parts about pet sitting is spending time with different animals.
It can be a lot of fun and very rewarding.
However, pet sitting does come with responsibilities.
You need to be reliable and make sure the pets are well cared for.
Pet owners will trust you with their beloved animals, so it’s important to take the job seriously.
Some pet sitters charge by the visit, like $15 to $20 per visit.
Others might charge by the day or even by the number of pets.
Pricing can vary widely.
If you enjoy being around pets and are looking for a flexible side hustle, pet sitting might be a good choice for you.
Just keep in mind the responsibilities that come with it.
8) Stock Photography
Stock photography is a popular side hustle, especially if you enjoy taking photos.
You can sell your images on stock photo websites like Shutterstock, Adobe Stock, or iStock.
These platforms allow you to upload your photos and earn money each time someone downloads them.
The best part about stock photography is that it can become a source of passive income.
Once your photos are uploaded, they can keep earning money without much ongoing effort.
You just need to focus on taking high-quality images that people would want to use.
Common subjects that sell well include landscapes, people, business settings, and food.
Make sure your photos are clear and well-lit to attract more buyers.
Also, look at what’s trending to increase your chances of making a sale.
It’s important to remember that stock photography can be competitive.
Many photographers are trying to sell their images, so you need to find ways to stand out.
This might mean investing in better equipment or learning new photography techniques.
You might also want to explore more detailed guides on how to get started and succeed in selling stock photos.
This can provide you with tips on what types of photos perform best and how to optimize your images for search.
Overall, stock photography is a great way to make extra income if you love taking pictures and have a knack for capturing interesting scenes and subjects.
9) Handmade Crafts on Etsy
Selling handmade crafts on Etsy can be both fun and profitable.
It’s an online marketplace where you can showcase your creativity and turn it into cash.
Handmade items like candles, pottery, and unique furniture tend to do well.
Handmade candles are a popular choice.
People love them for their scents, colors, and designs.
They’re often used as gifts or home decor.
Pottery is another great option.
If you’re skilled at making pottery, Etsy is a perfect place to sell your handmade goods.
Many customers look for one-of-a-kind pieces to decorate their homes.
Unique furniture can also bring in good profits.
Items like bespoke suits or wedding dresses can significantly boost your earnings.
High-ticket items mean you earn more with fewer sales.
You can start small and grow your business over time.
Focus on quality and effective marketing.
This will help you build a reputation and a loyal customer base.
Selling handmade crafts on Etsy isn’t just about making money.
It’s also about sharing your passion and creativity with others.
You get to create something unique and see others appreciate your work.
Learn more about what works best on Etsy by exploring different categories.
The key is to find something you enjoy making and can produce at a high quality.
10) Online Courses
Teaching online courses is a popular way to share your knowledge and earn some extra income.
You can create courses on platforms like Udemy or Teachable.
These platforms help you reach a wide audience and provide tools to create and market your courses.
The best part about online courses is that you create them once and sell them repeatedly.
This can lead to a steady stream of passive income.
If you’re an expert in a particular field, this could be a great way for you to capitalize on your skills.
Creating an online course does take some initial work.
You’ll need to plan your content, record videos, and create accompanying materials.
But once that’s done, the potential for earning is significant.
You can teach anything from cooking to coding.
The key is to find a niche where you have expertise and a topic that people are interested in learning about.
Popular topics include business, technology, personal development, and hobbies.
Marketing your course effectively is crucial.
Use social media, email lists, and search engine optimization to make sure people can find your course.
Engaging with students and continuously updating your content can also help maintain interest and credibility.
Just remember, success doesn’t come overnight.
It requires effort, planning, and persistence.
If you’re committed, creating online courses can be a rewarding side hustle.
Understanding The Side Hustle Market
Side hustles have become a popular way for people to earn extra income.
Knowing what side hustles are and why they’ve grown in popularity can help you decide if starting one is right for you.
What Are Side Hustles?
Side hustles are jobs or projects you do in your spare time, in addition to your regular work or school.
They can be anything from freelancing to selling handmade crafts.
Unlike a full-time job, a side hustle is usually flexible and allows you to work when you have free time.
They can be done online, like graphic design or blogging, or in person, like dog walking or tutoring.
There are many options out there, so you can find something that fits your skills and interests.
Why Side Hustles Have Become So Popular
Side hustles have gained popularity because they offer several benefits.
First, they provide extra income that can help pay bills, save for something special, or just give you a financial cushion.
Second, they give you a chance to explore your passions and hobbies in a way that might not be possible in a traditional job.
Another reason people are drawn to side hustles is the flexibility.
You can often set your own hours and work from anywhere.
This can be ideal for people with busy schedules or those who want to spend more time at home.
In addition, the rise of the internet has made it easier than ever to start a side hustle.
Online platforms connect freelancers with clients, and social media helps market products and services.
This accessibility has opened up side hustles to a wider audience.
How To Choose The Perfect Side Hustle
Choosing the right side hustle can make a big difference in how enjoyable and profitable it is.
Focus on your skills, the time you can commit, and how much money you want to earn.
Assess Your Skills And Interests
First, identify what you’re good at and what you enjoy doing.
Are you a great writer? Freelance writing could be a good fit.
Do you enjoy working with your hands? Crafting or mobile detailing might be your thing.
Make a list of your skills and hobbies.
From there, look for side hustles that align with them.
It’s easier to stay motivated and perform well if you like what you’re doing.
For example, if you love fashion, flipping clothing might be a perfect match.
Consider The Time Commitment
Think about how much time you can realistically dedicate to your side hustle.
If you have a few hours each week, smaller gigs like online surveys or selling handmade items could work.
If you can invest more time, you might look into options like starting a blog or offering beauty services.
Remember, you don’t want your side hustle to burn you out.
A good balance between your main job, side hustle, and personal life is key.
Evaluate The Income Potential
Different side hustles offer different earning potentials.
Some might provide quick cash but low income, like doing small gigs.
Others, like starting a podcast, could grow into a significant income source over time.
Research how much you can realistically earn.
Read up on what others in the field are making.
If the side hustle needs initial investments, calculate how long it will take to break even and start making a profit.
By following these steps, you’ll be able to choose a side hustle that fits your lifestyle and financial goals.
Common Mistakes To Avoid In Side Hustles
Starting a side hustle can be a great way to earn extra income, but there are several mistakes that can trip you up.
Key pitfalls include committing to more than you can handle, not accounting for all initial costs, and exhausting yourself too quickly.
Overcommitting Your Time
It’s exciting to start something new, but be careful not to overdo it.
One big mistake is taking on more than you can manage.
Balancing a side hustle with your main job, family, and other responsibilities can be tricky.
Set realistic expectations.
Only commit to what you can handle without burning out.
Track your hours to see how much time you’re actually spending.
Use tools like calendars and to-do lists.
This way, you can avoid overcommitting and stay organized.
Ignoring Upfront Costs
Starting a side hustle often comes with some initial expenses.
One common mistake is not considering these costs ahead of time.
This can set you up for financial strain.
Examples of upfront costs you might face:
- Equipment and supplies
- Marketing expenses
- Licensing and certifications
Make a budget before you start.
Understand the full scope of what you need to invest initially.
This will help you prepare financially and avoid unexpected surprises.
Burning Out
Running a side hustle can be exhausting if you’re not careful. Burning out is a real risk, especially if you’re working long hours on top of another job.
Listen to your body and mind.
Take breaks when needed.
Set clear boundaries for work and personal time.
It’s essential to maintain a balance.
If your side hustle starts to negatively impact your well-being, it’s time to reassess your workload.
By avoiding these common mistakes, you can give your side hustle the best chance for success.
Stay balanced, prepare financially, and listen to yourself to keep things running smoothly.
Frequently Asked Questions
From lucrative home-based side hustles to identifying time-wasting gigs, here are the answers to common side hustle questions.
Whether you want daily payouts or consistent weekly income, this section covers it all.
What are some of the most lucrative side jobs you can do from home?
Some of the best side gigs you can start from home include freelance writing, online tutoring, and dropshipping.
These jobs offer flexibility and can be quite profitable if you have the right skills and dedication.
How can I identify side hustles that are a waste of time?
To avoid wasting your time, steer clear of gigs that promise high rewards with little effort.
Be cautious of offers that require upfront fees.
Always research side hustles and read reviews from other workers to ensure they are legitimate and worthwhile.
What side hustles are known for the highest earning potential in 2024?
Airbnb hosting and Uber driving often provide some of the highest earning potential in 2024.
These gigs can yield substantial income, especially if you live in high-demand areas or have a flexible schedule.
Which easy-to-start side hustles offer daily payouts?
Rideshare driving with services like Uber and pet sitting are great gigs if you need daily payouts.
These jobs allow you to get paid soon after completing tasks, offering quick access to your earnings when you need them.
Are there any side gigs that can consistently provide a weekly income?
Many side hustles can provide reliable weekly income.
Tutoring, freelancing, and virtual assistance are good options.
These gigs often have consistent demand and regular payment schedules, making them ideal for steady weekly earnings.
How can someone make an extra $100 a day with a side hustle?
To make an extra $100 a day, consider high-demand side hustles like freelance writing or rideshare driving.
Combining multiple smaller gigs like pet sitting and task-based apps can also help you reach your daily income goal.