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If you want to be one of the side hustlers spending off hours making extra money with a thriving part time business or side gigs, then see our 10 best types of side hustles and ideas you can set up as a secondary business outside of your day job.
Although a majority of the side hustles are self-funded, the real estate is considered to be the most lucrative side hustle making up an estimated 11% of the secondary jobs. Some worked as much as 20 to 30 hours per week and earned an impressive $100k annual earning while others just make about $50k working only 5 hours per week.
1 – Real Estate
Remember that a side hustle is not a part time job, but a side gig that works for you. While being a real estate agent is one of the best ways that can give you financial freedom, most realtors treat it just like a part time gig.
Most opportunities may generate a few extra bucks or even produce a full time income depending on how you diligently work at it. If you are gifted with a personality that works best with sales and people, then you can search for local properties such as old houses and offer them to cash buyers looking for fix n flip investment opportunities.
The key is to build a good, trusting relationship with your sellers and buyers because real estate deals can both be easy or difficult to find depending on the market conditions of the area you are working.
Whenever you close a deal from your established network, you collect either a referral fee or a commission. To make sure you get paid, don’t forget to draw a contract such as the Option Agreement or initiate a Purchase Agreement with the intent of assigning it to the end buyer. Wholesalers make at least $5,000 to $10,000 per property.
2 – Management Consulting
Actually, consulting means offering a service that would help people raise their awareness about specific topics that would lead to increase productivity or simply help the business grow. Consulting can take many forms but the core of the service is to tell businesses how to do something faster in a more efficient manner.
Management consulting is when you share your knowledge and they pay you for that. Start by sending out business cards and advertising your service online. Network and meet business owners because they are the usual people who need help in everything.
You do not need to plan. Just think about what you love to do and what you are good at. Start hustling while you still have your 9 to 5!
Make your process simple and do not over commit. Create systems and processes that can simplify your life and the lives of those who would be coming to you for consulting. The key is to always keep everything simple.
Do not reinvent your wheel. Streamline your processes. Because your time is extremely precious, you may need to review and consider street tested tactics and tools.
You may use your lunch break for client calls. It is up to you to find creative ways about meet ups using the remaining hours of the day in the best possible way. At some point, you have to pick up the phone and talk to them but meeting face to face can now be done using video calling apps such as Zoom or Skype.
3 – Notary Public
Becoming a mobile notary is a good option. You get more business when you travel and offer your services. Just make sure to keep your travel fees reasonable. Charge the mileage and travel fees separately from your notarial fee.
If you like to take more work, all you have to do is widen your travel radius. However, a Notary Public should commission you as a Notary Signing Agent. This is the first requirement. Income may vary according to the state’s fee schedule and how many signings you have each week.
4 – Accounting
Working as a remote accountant to do Quickbooks, A/R and A/P is a unique and rewarding side hustle. Most companies prefer to hire independent contractors to make a huge difference in their monthly expenses. In fact, most companies now outsource their bookkeeping to freelance contractors.
Bookkeeping is one of the best ways to start this side gig because right now, many companies are looking for remote bookkeepers online. With the high professional fees of established accounting firms, doing the bookkeeping tasks remotely with a reasonable hourly rate can be a good source of income online.
5 – Flip Cars
In other words, you buy and then fix the car before you sell it again. This may not require a huge investment on your part but may not be possible if you do not have the skills and knowledge about fixing cars.
Make sure you do not make bad decisions that would lead to bad purchases. Car flipping can’t be that complicated if you know how to fix a car.
Seeding the flipping business can’t be that difficult also. Simply save some cash before you start with this side hustle. The smaller you start the better because you still have to learn the ins and outs of the business. The key is to buy low and sell high!
Learn how to attract deals so you are able to spend less time looking for cars you may want to buy. Stay away from rare and exotic cars at this time. Also, stay away from specialty vehicles until such time your funding sources and skills are ready for them.
6 – Automotive
If you know how to fix cars then you can travel and go to your customers instead of them coming to you. It would be quite a relief to let you work just right at their garage.
7 – Food Delivery
Try the Door Dash food delivery. Delivering food has become the latest trend after the Uber. It is one of the easiest and best side hustles. The earning potential for this side hustle is about $600 per month.
8 – Farming
Farming as a side hustle creates a dramatic impact to your finances. You can do farming as a hobby and make extra money out of your hobby.
A hobby farm grows produce or raises animals part time. You will always have customers looking for your produce and meat. If you offer quality and fresh organic products, you don’t have to work hard advertising your hobby farm online.
9 – AirBNB
If you have an extra room, then make AirBNB your side hustle. This has been proven to be a good source of income as long as you clean and maximize your space.
No amount spent on advertising. The brand AirBNB already draws in the crowd. Just set up your listing with great snapshots of the property and it will do all the talking.
10 – Rent Out Your Garage or Driveway
You do not have to sell anything. Just go to your next door neighbor and see if they need an extra parking space of the number of cars they have. You can also convert your garage into a room and have it rented.
Easy Side Hustles you can do
1 Shoveling Snow
2 Wash Cars
3 Wash Windows
5 Dog Walking
6 Lawn Mowing