The Most Profitable Side Hustles to Earn You Some Extra $$$
It’s hard to find someone who does not have a side hustle going or who hasn’t thought about starting one up to earn some extra cash. Whether it’s to supplement your 9-to-5 income, make more fun money, or following your passion in hopes for it to turn into your 9-to-5 job, there is a side hustle out there for you. Sometimes the hardest thing about starting a side job is just that – starting. Many side hustles don’t require any or much money to get going, and many gig-economy apps help process the payments and keep track of your earnings for you. If you’re not sure where to start, check out some of the most profitable side hustles below for inspiration.
Rent your car
If you are like most people, your car sits idle for 22 hours a day. With a car-renting service like Turo (https://turo.com/en-us), you can put your car to work and make money during the time you aren’t using your vehicle. This service is great for people who have been interested in Lyft or Uber but didn’t want to be out taxiing people around. With Turo, you get the best of both worlds.
Turo is really easy to set up and takes the hassle out of worrying about insurance and vetting the drivers. It only takes a few minutes to list your car and get your first booking. Turo’s website is easy to use and has helpful tips on how to earn money and get the most out of the service. There are also testimonials of people who have purchased Teslas to rent out and how they’ve been able to pay off their vehicle in record time with Turo. You can even check out the carculator (https://turo.com/en-us/carculator) to see what the going rate is for your vehicle in your city.
Out of all of the most profitable side hustles on our list, this may be the one that nets you the most $$$.
Test out your
Have you always
dreamt of being a chef or love sharing your culinary creations with others? There
are a few different dining experience sites but one of the best is Eatwith (www.eatwith.com). This site is a place where gourmet
travelers and locals go to share a meal with like-minded strangers and have a
social meal. Eatwith can be found all over the world.
You can easily
apply online to become a host. You’ll want to sell yourself and explain your
passion for cooking and why you should be picked as a host. Your application
will be will be reviewed and you’ll hear back within 10 days. If you are
selected to move on, you will throw an open table and guests will check out
your cooking skills and hosting style. If you are selected to be a host, you
can then set your own schedule, create dining events and start earning money
for doing something you’re already doing.
Put your handyman
skills to use
Are you the one
who’s friends ask you how to fix everything? Put your skills to work and make
money. There are sites like Handy (www.handy.com), TaskRabbit
(www.taskrabbit.com, and Thumbtack (www.thumbtack.com), where people go to find someone to help
with odd jobs around the house. The jobs vary from furniture assembly to
installing wood flooring to full on remodeling projects. You can mount a TV or
mirror and make between $53-118 per project. Or put together a table or desk
for between $47-$124 per project. If this is something you enjoy doing, you can
make some good money in your spare time.
Give the gift of life
Just like our Turo suggestion, this item on our list of the most profitable side hustles can be an easy way to earn some extra cash. By giving the gift of life – or being a sperm donor – you’re helping families who deal with infertility or cannot have children without donors. This side hustle would be a way to give back to others while also earning a little cash.
There are basic requirements for becoming a sperm donor, such as being physically and emotionally healthy, college-educated or a student pursuing a college degree and being between the ages of 18-44. The compensation varies depending on where you donate, but some places pay approximately $50 per donation and $20 when the sample is released. Healthy men may be able to earn up to $1,000 per month.
Coach a local
Many school districts are in need of a varsity or JV coach. If you have experience playing a sport and enjoy (or can tolerate) spending time with pre-teen and teen kids, this could be a great way to earn some extra cash. Plus, if it’s your alma mater, it would be fun to coach the next generation of athletes to help carry on the legacy you were also a part of. There are also sports camps for younger kids that are usually run through community education. These are also in need of coaches. Get creative and see what community organizations in the area have paid coaching gigs or opportunities for one-to-one specialized athletic coaching.
If coaching isn’t
for you, but you like the idea of your side hustle having to do with sports,
look into becoming a referee. In some areas, there is a shortage of officials –
especially in certain sports like lacrosse. Take a look in your market and see
what the needs are. You’re not going to be working professional or even
college-level games but you’ll still get a chance to basically watch sports and
Rent your parking spot
And for the last item on our list of the most profitable side hustles, do you have an extra parking spot you’re not using? Put it to work and make money by renting out the parking space. Services like Spot Hero will pair your empty parking spot up with drivers who need a place to park. All you have to do is fill out a form with the location, pricing, and availability of your parking spot, and within 48 hours you could be making money. Spot Hero will pay you in monthly check or deposit. Spot Hero makes it super easy for you to manage your spot, adjust your rates, manage availability, and track revenue. You just have to sit back and start getting paid.