If you feel like your paycheck isn’t stretching far enough to make ends meet, you’re not alone. According to a study by Bankrate, as many as 44 million Americans have a side hustle just to keep food on the table. You might be in school to get on a new career track, or maybe you’re just paying your dues at your dream job waiting for a promotion. The gig economy may offer the perfect opportunity to bring in some extra cash quickly.
Regardless of your reasons for needing a second income source, when it comes to working a full time job and taking on a side gig, it’s important that you get a good return on your time investment. These three side hustles are a great starting point for people who need to make serious money in their spare time.
If you have your own newer model vehicle, this may be a great option for you. There’s no question that Uber and Lyft have proven their staying power in the passenger transportation marketplace. Rideshare drivers set their own hours, so it’s the perfect side hustle for someone with a difficult schedule. Compensation usually equates to well above minimum wage, plus there are occasional tips.
Short Term Rentals
You’ve probably heard about people making bank letting out a room on Airbnb. It’s a side gig that requires some effort in keeping your place spotless and being flexible when it comes to accommodating guests, but it can also be a great way to make money on the side if you have a spare room. Some people with great local friend and family networks even couch surf while renting out their whole place for even more dough.
Food and Grocery Delivery
Much like rideshare driving, food and grocery delivery services require that you have your own vehicle. Companies like Postmates and Instacart are offering serious door-to-door service for everyday food delivery, and they are always in need of new drivers. Grocery delivery services often require you to do both the actual shopping and the delivery. There is money to be made with these services, however, and generally you will receive tips.
So whether you’re looking for a way to turn a few hours a week into serious money, or you need a 20 hour part time job, these gig economy opportunities may be just the thing for you!