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5 side hustle ideas to help you earn extra money
In today’s gig economy, career paths are varied and people are more empowered to market their skills and products to audiences around the world. This means many professionals embark on a “side hustle” to pursue a passion or hobby, and as a result, gain a better work-life balance. A side hustle is essentially a way for people to make money outside of their 9-to-5 job or main full-time employment, providing supplemental income. Many use this extra cash to pay off debt, save for a big ticket purchase or boost savings. And because you decide when you do it, the flexibility and freedom allows you to work at your leisure.
Here are five side hustle ideas you can follow to get that cash flow going:
Teach a skill
Teaching is one of the biggest side hustles Australians benefit from. Whether it’s tutoring a university student, teaching conversational English to non-English speakers, or instructing skills like cooking, art, music or gardening, many professionals find it easy to pick up a few students on the side. One-on-one or small group teaching can be quite well paid, you can do it from home (either online or face-to-face), or meet people at their homes, or around your neighbourhood. All you have to do is make and distribute flyers, or market your educational offerings on social media and other online platforms.
RELATED: The best 5 work-life balance jobs
Sell a product
Are you handy with arts and crafts? Perhaps you’re great at home-brewing or jam-making. Maybe you’re a 3D printing aficionado with a cool idea. You could be a crafter creating the latest décor trend in your own special style, or a carpenter, toymaker, furniture re-decorator. The possibilities are endless. If you make a product, not only can it be a fun, creative and relaxing way to unwind, you can also get paid handsomely to do it.
Join the gig economy
Perhaps the easiest side hustle jobs to get are by joining a platform like Uber, Airtasker or Airbnb. The barriers to entry here are relatively low (though you will need to pass certain criteria), you can set your hours and availability, and you often don’t need any specialised skills. All you need to do is sign up and get verified, and more often than not, the jobs or customers will come to you.
It’s also a great way to meet new people you otherwise wouldn’t. Whether it’s travellers staying in your home or passengers in the back of your car, you never know who you might connect with and what that might spark.
Sell a service
Another easy way to get a side hustle is to be a freelancer on the side. Many people take on freelance work in their own field, such as side hustle accounting or marketing for independent clients. You’ll have to ensure there’s no conflict of interest with your employer, but as long as you’re chasing a different type of client, you shouldn’t have a problem doing just a little more of what you already do.
Of course, you don’t have to sell a service that’s related to your career: you can also sell a service which is entirely different and be a great way of challenging yourself, as well as keeping old skills sharp or learning new ones.
Sell your knowledge
Do you know something most people don’t? Whether it’s related to your career – like a specific skill or how to get hired – or something completely random, if you’ve got useful knowledge other people want, you can sell it to them by packaging it up in a book, creating a course, or making a few YouTube videos. This might be anything from how to cook to knowledge about a specific period in history. Other ideas include fitness courses, makeup tutorials or how to invest. Whatever your passion, you can probably turn it into a side hustle!