One of the best ways to pay off debt faster, boost your savings or make some overall improvements to your finances is earning more income. From babysitting and companion care to tutoring and more, follow along for the best ways to get started earning more today.
1. Online Tutoring
You can put up posters and get the word out locally if you want to work with students in your area or look to online services like Chegg, Tutor.com and others. Tutors can make around $20 to $25 per hour online through well-paying companies.
2. Uber/ Lyft Driver
Driving for a rideshare service like Uber or Lyft is a quick way to turn your idle car into cash. Just apply, add the app to your phone, and wait for ride opportunities to come in.
3. Online services
Fiverr is a gateway to earning from a huge number of tasks. Popular categories at Fiverr include graphic design, digital marketing, writing, video editing, music and audio production, programming, and business projects. Fiverr started with gigs that cost $5, and paid providers about $4 after fees.
4. Babysitting/Companion Care
According to a report from Sittercity.com, babysitters in NYC on average make $20 an hour. Head west to Denver and that amount drops to $17.50. Depending on your location and the number and age of the children, rates can vary. Companion care is like babysitting for older individuals. Some retired people need help around the house, which could include laundry, cooking, doing the dishes, and other personal care tasks.
TaskRabbit is a service like Lyft or Uber for helping people with various tasks. Taskers, as they’re called, can make up to $7,000 or more per month working full-time. But even if you work part-time as a tasker, the income adds up fast. You set your own rates, and you might charge anywhere from $25 per hour to $150+ per hour depending on your local market and what you can offer.
6. Virtual Assistant
Virtual assistants for blogging businesses, for example, help with a range of tasks including website graphics, podcast show notes, social media postings, and preparing emails. This is great for evenings and weekends, as many online business owners don’t care when tasks are completed. According to Payscale, the average virtual assistant makes $15.35 per hour.
Flipping is a term for buying items cheaply and reselling them online through websites such as eBay, Amazon, and Craigslist. This is a riskier side hustle, as you have to invest in inventory to sell. However, talented flippers can easily turn spare hours into dollars when they buy and sell the right items.