Side hustles are a great way to earn extra income to subsidise your salary, or to test the entrepreneurial waters before taking the leap into full-time self-employment. Choosing the right side hustle to start is important, and you should take into account your special interests and skills that can be implemented toward monetary gain. These five side businesses are all easy to start with minimal effort and can help you make additional cash quickly.
Become an Uber driver
One of the most popular ways to earn extra money is to drive for companies like Uber or Lyft. The benefit of this side hustle is that you can turn your availability on or off through these networks quickly and easily, so you can make money at any time of day or night, whenever it suits you and you have the spare time. In bigger cities like London, this can be a lucrative and flexible business opportunity, and renting a PCO hire car through companies like Hire-Brid means that you’ll avoid having to find the cash for the upfront costs of investing in a vehicle.
Set up online tutoring sessions
Tutoring is a great way to make money on the side and, thanks to the internet, you can tutor from anywhere in the world. If you’re looking for a way to work more remotely, such as while you go travelling, and you have knowledge in a particular subject, this is a brilliant way to combine the two. The more niche your skillset and knowledge, the more in demand you’ll be. There’s a huge demand for English teachers from people in places such as the UAE or Hong Kong looking for native speakers, and you’ll be able to charge even higher rates if you’re a certified teacher.
Create digital courses
If you have marketable skills such as online marketing, web development or graphic design, you can find an online audience who will pay you for your expertise in these subjects. Career-boosting skills such as these are in high demand already, and there are various online education platforms available where you can build your brand as a course teacher.
Start an Etsy business
If you have a talent and passion for crafts, why not set up an online storefront to sell your products? Sites like Etsy make it easy to sell your handmade goods on the internet to people all over the world. You don’t even need a tangible product to sell items – you can create digital products, from posters to CV templates and even sewing patterns.
Rent your spare room or home
If you’re fortunate enough to have a spare room, or even a second property, you can make fast cash through companies like Airbnb by renting them out to guests. This is also a great way to earn a second income if you’re going to be travelling and your home isn’t being used. There are some people who earn their primary income through renting their home or spare rooms out to others, and you’ll be paid 24 hours after your guests check in to avoid any potential scams that might occur, making it a quick way to earn money.
