Finding a second source of income may be one of the fastest ways you can achieve financial freedom early in life. This is because most jobs are limited to a set amount of hours with a maximum pay. With housing and living expenses eating into the bulk of your savings, there is only a set amount of money that can be saved in a month.
That is why it is important that you can find ways to make extra money.
Finding a second source of income (or many) will greatly increase your savings over time. It will also decrease financial hardship with job loss or a slowing economy. Furthermore, with the combined effect of compounding your increased savings over time, finanical satisfaction will be achieved much earlier.
As a side note, many people will eventually find that their secondary income can replace their primary one. These side hustles are done on your time and with your effort. That is why these side gigs give you control of your future.
Ready to find some secondary incomes that work for you?
Lets look at 18 ways to make extra money.
18 Ways to Make Extra Money
1. Tutor online.
One of the easiest ways to make a supplemental income is by tutoring online. The world is more connected then ever before. You can take advantages of websites such as Tutor.com or Tutorme to start teaching. You can teach a variety of subjects such as math, science, music and more.
English however, is one of the most taught subjects. If you decide to teach the language, take a look at the site VIPkid, where they can will handle the lesson plans and grades for you.
2. Get paid for the skills you have.
If you have any skill set, make sure to check out the website Fiverr.com and Upwork. These sites allow any individual to freelance and accept jobs to make income. These sites connect you to customers who are looking for freelancers specializing in a variety of skills. Skills range from writing, graphic and web design, engineering and soo much more.
All you have to do is create a profile (which takes about 20 minutes) and list your skill set, rates and experiences. Basically you write a resume and can find job postings (on Upwork) or get chosen (on Fiverr) by the client who seeks your skills.
With Fiverr and Upwork growing fast, there many new services available to offer. Check them out!
Freelancing, one of the 14 ways to make extra money is easy.
3. Start blogging.
Blogging about your passions is one of the best ways to earn an extra income.
Starting a blog is simple. What is hard is that you have to put in the work by writing new articles, updating content and reaching out to followers with questions. Readers will be lost over prolonged periods of inactivity and the content written must be worthy of reading.
Once your blog increases with daily readers, you can start generating an income by affiliate marketing, turning on adds and trading cash for backlinks.
As your blog keeps growing in popularity, more people will share your posts, ultimately earning more income.
You will find that it may become tedious to keep on writing articles and new posts. That is why you should only write on topics your passionate about. with your daily job and personal life
4. Start an online store on Shopify, or sell on Amazon.
It may sound like a daunting task to start an online store or sell on Amazon. Turns out, its never been easier. Platforms such as Shopify, Wix, and Squarespace make it simple for anyone to use. Coding isn’t required and pre built templates are used to make the construction of the site easy.
You can choose to resell exiting items on Amazon at a marked up price, or create your own and sell on Etsy. If you already have a storefront, you can connect your existing business online with a platform such as Square.
Reselling products on Amazon is the easiest to do, followed by building your own store with Wix. Shopify is slightly harder with the greatest flexibility.
5. Become an influencer.
Dependent on the amount of followers on your social media accounts, you may be able to make some money! If you have a large following, you may choose to work with brands to promote their products by posting with their products. Whether its fashion, swim wear, or toys, you have the option to make extra cash by exposing their products on your accounts.
If there are products you are passionate about, reach out and let them know you’d like to with them.
6. Help connect older businesses online.
This can be one of the most profitable ways to make a secondary income.
If you have the knack for mastering platforms such as Shopify and Square, you can approach brick and mortar stores and see if they would like an online presence. For a fee, setting this up can be greatly beneficial for both you and the owner. Many people charge fees of $1000 plus and can still satisfy both parties.
This method may be one of the most time consuming at the beginning. After you learn the appropriate skills and understand the platforms, you can start reaping the rewards by connecting these stores online.
7. Help people properly set up smart home devices.
If your interested in number 6, take a stab at this.
While most people use smart home devices such as Alexa and Google Home for news and weather updates, they have no idea the true capabilities that these devices offer.
If you decide to learn a skillset called scripting, you can interconnect these devices to make secondary and tertiary commands. For example, you can get Alexa to open and close the blinds on command. You can further enable these devices to give you daily news headlines at specific times while remiding you tasks that need completed from the previous day. You can connect your Roomba vacuums to this device and tell it to turn on at your pleasing.
Basically you “code” voice commands to perform a set task.
You offer this skillset to people you know and charge a fee for interconnecting their products.
Amazon for example provides free resources to teach people how to interconnect these products. You can get started by taking a look at the Alexa Skills Kit tutorial online.
8. Become a Lyft or Uber Driver.
These two companies offer transportation for clients who need to get from point A to B. You can sign up and set you own schedule. You can even drive as little or as much as you desire.
The amount of money you make will depend on how often you drive and the distance as well. Basically your a taxi driver who can work whenever you want.
9. Deliver part-time for Amazon.
Dependent on where you live, you can consider being an Amazon delivery driver. You can sign up, similar to Uber, and deliver packages on your own schedule. Go to the Amazon Flex page and decide if shuttling around parcels is right for you.
10. Deliver Food and Groceries
If cooked food delivery isn’t a fit for you, take a look at Shipt. With Shipt, you get paid to shop for a clients groceries. Its an on demand service where you can get paid $23 dollars an hour.
11. Petsit and Babysit.
One of the most original ways to make extra cash it to babysit. Obviously, word of mouth is the best way to find a client who trusts you. Landing the first job is usually the most difficult, so don’t be discouraged. You can take a chance and see if someone hires you on a service website like Care or Sittercity.
One of the newer ways to make additional income is to walk or pet set. For example, you can take a dogs for a walk or board them at your home. You can put up signs throughout your area and let people know that this is something you offer. Take a look on Rover to see if anyone in your area offers this service. Many pet owners find their petsitter on this site. If your an animal lover at heart, this may be the perfect gig for you.
12. Do tasks for people.
If you find yourself a handy individual, take a look at TaskRabbit. You can make money on the side by running errands or fixing items around homes. You can do yard work or assemble furniture. If you enjoy doing these things for yourself, you can make money by doing these things for other people.
13. Start a car washing and detailing service.
Probably one of the easiest ways to make extra money is to clean and detail cars. If your a vehicle enthusiast and have the drive to scrub cars, you can start right now.
You would be surprised by how many people dislike this job and pay big bucks for others to detail their vehicles. As your neighbours, start a Facebook Page, and let everyone you know that you offer this service. You may find multiple jobs right out of the gates!
14. Rent out your home, even your car.
Many people earn a hefty income by letting others room in the house. Individuals may need a place to stay for a couple of days or even months dependent on the situation. A hotel may not be the perfect site to lodge up for long periods of time and may desire the comfort of a home.
If your worried about strangers living with you, you have the option to contact the client and decide if they will work with you. Airbnb and VRBO offer a million dollars of coverage for damage and host insurance incase your client gets hurt at your home.
Lastly, if your client needs a vehicle, they may want to rent your car on Turo for some additional cash. Putting your home and vehicle for rent may be one of the best ways to gain additional income by doing the least amount of work. This vehicle sharing company also provides insurance as well.
15. Rent out your baby gear.
I bet you never thought that your old baby gear might come in handy again. A website called goBaby, tons of people who go on holidays rent cribs and strollers for 10 to 60 dollars a day. All you have to do is sign up and see if people are interested in your jumpers and high chairs!
16. Sell unwanted stuff.
Do you have old clothes, furniture, toys and more? If you do, spend a day uploading these items onto sites such as Facebook marketplace, Kijiji, Craigslist or eBay. Look at Letgo, or Thredup to see if you can sell these second hand items.
Clothes, unless designer brands, are easier sold at yard sales. Kids clothes can be sold on apps like Kidizen.
If you have unused gift cards, you should be able to sell these at 80% of their face value. If they were gifts and you are unsure if they will ever be used, throw these items on websites such as Raise or Facebook marketplace.
17. Take surveys.
Who knew you could get paid to give your opinion. Survey sites such as Survey Junkie and MyPoints look for specific people to take surveys. While there are many to choose from, take the time and make sure you have the right traits they are looking for.
With both of these sites, you will have to earn a select amount of points before you can convert into cash. Its not a quick way to earn extra cash, but if you have the time try it out.
18. Get cash back from apps, and save with discounts.
There are multiple apps that can teach you how to make extra cash by doing easy tasks. For example, you can scan receipt from a store purchase and get money for doing it. Apps such as Rakuten, Shopkick, and Receipt Hog are ones for example.
You also have the option to download an app called Honey, and it will automatically apply a discount if one exists. This app is truly amazing.
Whichever one of the 20 ways to make extra money you choose, make sure to save and reinvest.
In the end, if you shoud choose one of these methods to make extra cash, the best practice is to save this money and reinvest it. Whether it is reinvesting it into your side job or into the stock market, I highly suggest that you do this instead of spending it when you get paid.
You will be able to grow your money faster and achieve financial independence earlier in life. Without question, earning extra cash and saving it is one of the greatest ways to retire before your tired.