Money-Making Ideas is something you always wish you had more of – to buy that fancy dress or new gadget, to save more for your vacation or a fun dinner date, to pay off your debt faster, or simply to feel more relaxed about your overall financial status.
The following list includes some simple, yet effective and imaginative side hustle ideas. You can make a few extra hundred dollars per month without putting in much effort!
1. Get rid of your old phone (s)
I’m sure you have a couple old Nokia phones or phones laying around the house. You might be astonished to learn that if you decide to sell them, you can actually make some money.
Many firms offer financial incentives for recycling outdated phones that are delivered to Asia and destroyed there. Here is a list of companies and their potential earnings. Ask your family and friends whether they’d be willing to sell their old phones for more money.
2. Make dinner invitations
Sign up for Eat With if you have decent culinary abilities and a spare room to host guests. It’s a fantastic new service that connects tourists with hosts all over the world who invite them to a small dinner party for a fixed charge. As a host, you can set a per-guest rate, choose the times and dates when you are available to organise a party, and specify the maximum number of guests you are willing to invite (usually less than 6).
To apply to be a host, fill out an application form that includes information about yourself, your cooking abilities, and your location. The service is currently offered in Las Vegas, Los Angeles, New York, San Francisco, and a few major European, Middle Eastern, and South American cities. The amount of money you can make from a little party is more than adequate.
3. Work part-time as a mover
This alternative is better suited for men, however girls are frequently approved to move fragile items and perform minimal cleaning. Moving jobs are usually requested, and you can schedule them at any time that is convenient for you.
Many moving businesses will charge you a fee to open an account with them, where you can offer your services, fees, working hours, and other information and be hired for temporary jobs. Check out this list of moving jobs to learn more about how things work and how much money you can make carrying someone’s sofa.
4. Make money by reviewing songs.
This work will appeal to all music fans; all you have to do is listen to and review unsigned bands and musicians on Slicethepie. It may take some time to establish a reputation, but investing 5-10 minutes a day listening to some budding musicians can earn you an extra $50+ each month (or not so talents).
5. Get paid back for scavenging receipts.
Do you shop for groceries, cosmetics, and other necessities on a monthly basis? Why don’t you use it to make some more money? Download the free Ibotta app and look around to see what rebates are available if you scan and upload your receipts for a specific product.
For example, they will pay you 50 cents if you post a photo of a milk receipt and $10 if you upload a photo of a Best Buy receipt. Of course, it’s pointless to go out and buy products with the largest rebate, but it won’t take much of your time to take and post images of items you normally buy and save some money towards the end of the month.
6. Participate in online surveys
While conducting online surveys will not make you rich, it will allow you to earn a little additional cash in a short amount of time.
Swagbucks
Swagbucks lets you earn points that you can then exchange for gift cards or cash. Additionally, over 1500 companies, including Amazon, Starbucks, and Target, provide cash back. There are numerous options!
It works like this: you gain points by shopping through their portal, taking surveys, watching movies, and so on. The best part is that signing up is completely free! In addition, they are presently offering a $10 welcome bonus.
7. Work as a freelancer
Chances are, if you have a talent, you can market it. There’s a freelance job for everyone, whether you’re a writer, artist, graphic designer, photographer, or anything else. Let’s look at a couple other freelance options for you.
Writing for a living
It’s now more accessible than ever to work as a freelance writer (all of our writers at Money Under 30 are freelancers). With that stated, it can be difficult to locate a writing job that pays more than pennies if you’re just starting out.
We’ve got tips on how to be hired for a freelance job right here. Fiverr is also a fantastic spot to start looking. It’s called Fiverr because most people used to charge $5 for their services—some still do, while others charge much more.
Teach over the internet
Consider teaching English as a second language if you enjoy teaching and have some spare time. EF is an online education organisation that pays up to $2,000 per month, making it a good side job.
Another good service is VIPkid, which matches North American teachers and tutors with Chinese students for one-on-one English education.
Although the application procedure is demanding, you may earn between $14 and $22 per hour—not the highest pay, but nonetheless respectable.
Carry out little jobs
Even if you’re not particularly creative, you may still make money online by using TaskRabbit to advertise your handyman (or woman) skills.
Many of the projects listed on TaskRabbit include things like:
- Putting together furniture
- Moving
- Errands to run
- Purchasing groceries
Craigslist’s gigs section is a good place to start.
You may also search Craigslist’s “gigs” area in addition to TaskRabbit. Although many of the gigs are fakes, there are a few that are genuine. Computer capabilities, writing skills, general labour, cleaning, and other talents are all needed for some jobs.
8. Use a robo-advisor to invest.
Robo-advisors manage your money for you. All you have to do with many robo-advisors is set your risk, your goals, and fund your account. The rest will be handled by the robo-advisor. Robo-advisors can assist consumers who want to invest but are unfamiliar with the ins and outs of the process.
Betterment
Betterment is a straightforward investment platform. You can easily create sub-accounts with different portfolios to achieve multiple objectives. It’s also surprisingly affordable. Betterment’s Digital plan has an annual fee of 0.25 percent. You’ll have access to a full range of services, as well as the ability to communicate with an advisor via mobile texting.
M1 Finance is a company that specialises in financial services
M1 Finance is a hybrid robo-advisor and traditional brokerage, which means you have a little more influence over your portfolio than with a robo-advisor alone. M1 allows you to build your portfolio by picking and choosing “pie slices” (various assets).
Wealthfront
Wealthfront, like Betterment, has a lot to offer investors. With Wealthfront, you may choose from a variety of pre-built portfolios and customise them by adding or removing ETFs to meet your specific needs. Alternatively, you can build your own portfolio and invest in the things that matter most to you, such as socially responsible investing or healthcare or sustainable energy.
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9. Make a real estate investment
If you’re willing to take a chance, investing in real estate online might be a terrific way to generate passive income.
Many people contribute small sums of money in real estate businesses through real estate crowdfunding.
In the real estate crowdfunding market, there are a few companies that are the frontrunners.
Roofstock is one of them. They specialise in single-family homes that may be purchased and rented out. There are no costs to join or search for properties because it is a platform for investors and established by investors. See our Roofstock review for more information.
Fundrise is another well-known name in the real estate crowdfunding market. Fundrise has a minimal minimum investment of $500 (nearly unheard of in the real estate business), and their annual returns range from 8.7% to 12.4 percent, according to their website. Take a look at our Fundrise review.
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10. Use a broker to make your investment.
Many people are afraid of the stock market, but it’s becoming easier and easier to invest in stocks, even if you don’t have much experience.
But no longer — with so many fantastic options available, there’s no reason to be afraid of the financial world. Here are four smart areas to begin your research.
If you invest through a company like E*TRADE, you’ll have access to a wealth of investing tools, as well as the ability to trade stocks, options, and ETFs for pennies on the dollar.
Zacks Trade makes day-trading simple and cost-effective for slightly more experienced investors. You can invest in stocks and bonds, as well as ETFs, options, and other financial instruments. Their pricing is plain and simple: stock and ETF trades cost $0.01 per share (with a $3 minimum).
TD Ameritrade appeals to young investors since it has no minimum commitment and provides a wealth of options for participants of all levels. You may also trade with them via their smartphone app, which is really easy.
Ally Invest stands out from the crowd because they don’t charge commission fees and have no account minimum! This is a dream come true for the self-directed trader. Stocks, ETFs, options, bonds, and mutual funds are all alternatives, so there’s something for everyone.
