Struggling to save enough money? Side gigs can help you feel more financially confident. An additional $100 a week can make a significant impact on your savings and investments, without breaking the bank. You may already have a side gig in mind, but if you're still searching for the perfect gig, here are some ideas to consider.
1. Dog Walker
You may not realize it, but there's a surprisingly high demand for dog walkers. After all, people want what's best for their pets. Not only does dog walking offer you some quality time with man's best friend, walking is a generally healthy activity all of us should pursue more anyway. On average, a dog walker makes about $15 an hour, but some make $30 or more an hour. Add in flexible hours and as many dogs as you can handle, and you can begin earning a decent side income in no time. Working just an hour a day with 6 or 7 dogs could net you $105 each week.
Lockdowns have created opportunities for aspiring entrepreneurs as businesses scramble to go virtual. Despite being a crowded space, there's still significant demand. Businesses everywhere are revamping their online presence, and freelancers of every specialty are needed. Writers, photographers, graphic designers, programmers, and social media managers are among the most popular freelance gigs available. Marketplace websites like Upwork and Fiverr have made it easier than ever to offer your services to potential clients. Average earnings will depend on your craft, however many freelancers make upwards of $20 an hour. Focus on what you love and set your own hours; and, just five hours making the average wage could earn you that $100 a week. Think of what you could earn in your spare time.
3. Sell items online
Selling items online isn't just for making space in your home--plenty of people make good money re-selling items they own at a higher price than they originally paid. If you enjoy thrifting or antiquing, selling your finds may be an enjoyable way to make extra cash. Your smartphone makes it easier than ever to do quick research when you think you've found a diamond in the rough. OfferUp, Ebay, Poshmark, and Mercari are a few examples of apps designed for resale. Your profits, while not hourly, can be up to 80% or more than what you pay for an item. Books, clothing, cookware, toys, and art are all examples of potential profitable items. And even if it's not your cup of tea, how much stuff do you have just lying around that could turn a profit? Some light spring cleaning could make you extra cash.
4. Drive professionally
Whether you want to drive for a ride sharing company like Uber, or deliver food and groceries, there's an app -- and a job -- for that. This is a great side hustle for someone who loves driving and can be ready to go at the drop of a hat. If you live in a city, you can be certain to make cash at any hour you choose--picking people up from airports, delivering food, and getting people home safely are 'round the clock services. The pay is reasonable, and providing excellent service can help you rake in tips. Working a little bit here and there, especially when you're already out, you can make $100 in around 10 hours. If you have the time, and driving is your thing, this may be a good fit.
5. Teach virtually
Have a skill that others want to learn? Teach online. There are a number of ways to do this that can turn a profit. Sell tickets to an online Zoom class, create a YouTube channel, or build a profitable course. Sites like Udemy, Skillshare, or even Airbnb online experiences make this easy. How ever you deliver your course, consistency and social promotion is key. Whether you're skilled in music, fitness, languages, or any other teachable skill, you can make money sharing your skills. Hours and pay will vary depending on your field; but the good news is this is a highly scalable method. You could charge a $10 cover fee for an hour long yoga class once a week, and if even ten people show up you've made $100. Want to host classes multiple times a week, or at different hours? Go for it. The sky really is the limit with online teaching.
If You Can Dream It...
...you can do it. Businesses exist to solve problems, so if you can create solutions you can make money. Ideas like the above are great ways to make income on the side, and who knows? They could turn into something more if you nurture the idea. Starting a side gig has never been easier in this digital age, and it may be just what you need to begin your investing journey.
Beanstox Chairman and co-owner Kevin O'Leary believes that with just $100 a week, your investments can make an impact. Invest in yourself, and watch your future transform.