No one will say no to extra money in this economy. In this era where living cost is rising with each passing year, we can barely make ends meet with our daily jobs. Although the situation could be better for us, we have found ways to counter this problem of living in an era of high living costs – and the answer is side hustles. Over the past few years, the concept of doing small side hustles to make money has risen.
The best part about taking in a side gig is you can do many side jobs from home. But what are some of the best side jobs in the current job market?
Best Side hustles to make money.
What is the best side hustle to make money? The answer will depend on many factors, such as your speciality, hobbies, available time and skill set. So, you can’t find one side job that fits all. That said, some side jobs are rising in popularity at this time. In fact side hustle is among the top business trends. Here we will be looking at some of these side jobs and the basic requirements to be involved in these jobs.
So, without any further ado, let’s get started!
1) Become a Transcriber
- Requirements:
- High School Graduate
- Good Language comprehension
- High listening capacity
- Good typing or writing speed
In layperson’s terms, a transcriber is simply someone who transforms spoken audio into written or text format. In other words, as a transcriber, you will be listening to audio or watching videos with people talking and transforming their speech into text. You will naturally need a decent comprehension of language, good listening and typing speed. As a transcriptionist, you will receive audio files you will need to transcribe. This can be stressful if you have a small deadline.
This is undoubtedly one of the best online side hustles ideas, and you can freelance transcribing from sites like TranscribeMe and GoTranscript for some extra money.
2) Driver for Hire
- Requirements:
- Driving License
- Driving App
- Vehicle
- Good knowledge of local terrain
Being a driver for hire is one of those side hustles that has seen a dramatic rise over the past few years. The concept of this side gig is rather simple. You take your vehicle, register with the organization, get their app and then set your available time. Once you are done with this process, you can become a driver for hire during your appointed time. As long as you are in an area with frequent customers, you can get a decent income and earn more money.
Some of the most popular organizations in this field are Uber and Lyft. This is undoubtedly one of the best side jobs to make money.
3) Food and Goods Delivery
- Requirements:
- Driving License
- Driving App
- Vehicle
- Good knowledge of local terrain
The core concept of this side job is the same as being a driver for hire. The difference is instead of delivering people from one destination to another, you will be delivering food and goods. Depending on your chosen organization, you can deliver anything from pizza to clothes and/or delicate accessories.
You will have a bit more pressure when compared to being a driver for hire, as you will be working under a time limit for each delivery. Some of the popular organizations for this side hustle to make extra money are Instacart and Uber Eats.
4) Home and Room Renting
- Requirements
- Unused Room or unused home
- Home/room management skills
- Registration
Renting a home is undoubtedly one of the best side hustles to make money for you and passive income if you have an unused flat or home. You just need to keep the room. Flat or home clean and register them with the relevant organization. If you live alone and want to be involved in this real estate side gig, you can join an organization that lets you work from home and manage the rooms during your free time. If you live with a family member, you can simply ask them to maintain the rooms every now and then and share the profits.
Some of the popular organizations for this real estate side hustles are Airbnb and Agoda.
5) Affiliate Marketing
- Requirements
- Good Social Media Presence
- Good Social Media Management skills
Affiliate marketing is one of the top business trends at the time of this writing, and rightfully so. Given that you have a decent number of followers on social media, you can promote the products from the sponsors and earn a certain percentage of their profit. On the other side of the coin, if you have a decent social influence on social media, you can even state your conditions. Additionally, you can turn affiliate marketing profitable enough to afford social media manager.
Being involved in affiliate marketing is undoubtedly one of the best online side hustles if you have an excellent social media presence or have your own online store. But if you do not meet the requirements, this side hustle idea for extra money is probably not for you.
6) YouTube Channel
- Requirements:
- YouTube Channel
- Decent subscribers
- Constant upload Schedule
We admit that earning a decent amount from YouTube is harder than it seems. However, it can contribute a decent amount to your earnings if you have a decent number of followers. As long as you get a good number of average views, constantly upload and have your channel monetized, you can generate a decent amount through the ad revenue on your YouTube channel. If you want to know how to monetize your YouTube channels, we have an article on this.
Besides the passive income from the ads, as long as you have a good number of loyal subscribers, you can apply for sponsorships and start affiliate marketing for some extra cash. If you have an online store, you can link it to your Youtube channel and sell your products to make this an extremely profitable side hustle.
7) Online Tutoring
- Requirements:
- GED (General Education Development test)
- High School Diploma or other equivalent qualifications
- Graduate or Undergraduate degree
- Good Communication
- Teaching Experience
Ever since the onset of the pandemic, online tutoring has become a well-established profession and one of the best online side hustles. Although the requirements to become an online teacher are identical to the requirements to become a teacher in real life, being online offers you the flexibility and work-life balance you don’t have as a teacher.
As long as you meet the requirements, you can start your online teaching side hustle to make money on platforms like Calmbly, TutorOcean and Preply.
8) Resell Thrifted Items
- Requirements
- Starting Capital
- Cleaning and Restoring means
- Business permits
Although not as well known as other side hustles, starting a thrift store is undoubtedly one of the best side hustles that you can start along with your primary/full-time jobs. For this side hustle, you will need to invest a bit to purchase the thrift materials, which include but are not limited to clothes, accessories and electronics. Once you have purchased the inventory at a lower price, you will need to repair and restore the broken bits, gain a local business, and be good to go.
Although this side hustles to make extra money will take a lot of effort and time, once you get going, it is also one of the most profitable side hustles on this list.
In the end
Side hustles are jobs and occupations you get involved in along with your primary profession for extra cash. From this list, you may have seen that there is no specific form to a side hustle and that it can be anything. And as you may have guessed, this list is by far not an exhaustive list, and there are many more side hustles that you can do for additional income.
We hope you found this helpful. And as always, thank you for reading till the end.
FAQ
Q: What is the easiest side hustle to make money?
A: Some of the easiest side hustles to make money from are:
- Food and goods delivery
- Renting homes and apartments
- Online Tutoring
- Ride for Hire
- Affiliate marketing
- Virtual Assistant
- Social media manager
Q: What is a decent side hustle?
A: Some of the decent side hustles are:
- Reselling thrift items
- Renting a home and/ or apartments
- Online Tutoring
- Babysitting
- T-shirt print on demand
- Selling your Stock photo
- Receptionist
Q: What is the cheapest side hustle?
A: Some of the cheapest side hustles are transcribing, renting a room or home, and online tutoring.