Top 10 Ways to Earn Extra Income This Year
Discover 10 effective ways to earn extra income this year, from YouTube to pet sitting and more.
11 min read
2 months ago
Top 10 Ways to Earn Extra Income This Year
Discover 10 effective ways to earn extra income this year, from YouTube to pet sitting and more.
11 min read
2 months ago
Looking to make some extra money this year? Whether you want to save up for something special or just need a little extra cash, there are plenty of options out there. From using your skills online to getting out and about in your community, you can find a side hustle that fits your lifestyle. Here are ten great ways to earn extra income this year.
YouTube has a huge audience of 2.7 billion users who watch a billion hours of videos every day. You can tap into those views by joining the YouTube Partner Program, which lets you earn money from ads shown during your videos.
Keep in mind that it takes time to gather enough viewers to earn a lot from ads. That’s why many YouTubers look for other ways to monetize their content. Here are some ideas:
YouTube side hustles are a great way to make money in your spare time by sharing what you know, discussing current events, or providing entertainment. YouTube is free to use, and you can monetize YouTube videos once you’ve reached at least 1,000 subscribers and average over 4,000 video watch hours per year. This can take a while to achieve, but with work, it’s possible to earn many thousands each month. Many dedicated side hustlers have turned their YouTube channel into a highly profitable full-time gig.
Selling digital products is a fantastic way to earn extra income with minimal overhead costs. You can create and sell items like e-books, music, graphics, and templates. Here’s how to get started:
Selling digital products allows you to leverage your existing skills and creativity to generate income. It’s a flexible and scalable way to make money on the side.
By following these steps, you can turn your creative talents into a profitable side hustle.
Teaching can be a very rewarding way to earn extra income. Thanks to online platforms like Cambly, TutorOcean, Preply, and Learn to Be, it’s easier than ever to become an online tutor. Even students are getting into the tutoring business, offering services like test prep and homework help. This market is expected to grow at a rate of 5.2% annually until 2027.
To get started, see what types of tutors are needed on Craigslist or create a profile on sites like Tutor.com or Care.com. You can also advertise your services at local schools and community centers. What you charge can depend on your experience, expertise, and what’s in demand.
If you speak a second language, are good at math, or enjoyed writing essays back in school, there are many online tutoring organizations looking for tutors to help elementary, high school, and college students with their studies.
Consider creating an online course to make your tutoring side hustle extra profitable. Building an online course takes effort at the start, but once it’s set up, it can generate passive income continuously.
Identify the subject or skills you are most knowledgeable about, then look for students on tutoring platforms or at local educational institutions.
If you have some free time and a vehicle, you can start a side hustle as a delivery driver. What’s great about this gig is the flexible schedule. Most delivery drivers choose when they want to work and only receive delivery assignments when they’re available.
Next steps: To get started, sign up with a service like Amazon Flex. Once you’re registered, you can start picking the time blocks that suit your schedule.
Starting a podcast is a great way to share your thoughts and ideas with the world. Podcast audiences have grown consistently each year, making it a popular way to earn extra income. Plus, it's relatively cheap to get started. You can buy a good USB microphone for less than $100, and there are free recording platforms like Audacity that are easy to use.
To start, find a theme or subject that resonates with a target audience. Record a few episodes in advance and plan your launch campaign. As you grow, you can incorporate ads or sponsorships to turn your podcast into a side hustle.
Podcasting is a low-cost way to create content and reach a wide audience. With the right approach, it can become a profitable venture.
If you love creating designs, selling custom t-shirts can be a fun and low-risk way to earn extra income. Print-on-demand (POD) services like Printful, Printify, and Gelato let you upload your designs, which are then printed and shipped when someone buys them. This means you don't need to buy a lot of inventory upfront.
With POD services handling the printing and shipping, you can focus on what you do best: designing awesome t-shirts.
By following these steps and tips, you can turn your creativity into a profitable side hustle.
Are you an animal lover? You can make extra money by walking dogs or pet sitting. This is a great way to earn while spending time with pets. You can advertise your services on social media, put up signs in your neighborhood, or use websites like Rover and Wag. These platforms let you set your schedule and fees, but they do take a small cut of your earnings.
Here are some steps to get started:
Pet sitting and dog walking can be a fun and rewarding way to make extra income. Plus, you get to spend time with furry friends!
Driving for a rideshare service like Uber or Lyft can be a flexible way to earn extra income. You can choose your own hours, making it easy to fit into your schedule. Whether you prefer early mornings, late nights, or weekends, there's always a demand for rides.
Driving for a rideshare service can be a great way to make money on your own terms. Just remember to factor in the costs of gas and vehicle maintenance.
Delivering groceries and other items has become a popular way to earn extra income. With many delivery platforms available, you can choose the one that fits you best. You can work for well-known apps like Uber Eats, DoorDash, Grubhub, and Postmates. In some countries, you can also use apps like SkipTheDishes in Canada or Menulog in Australia and New Zealand.
Delivering groceries and other items is a flexible way to make extra money. You can set your own schedule and work as much or as little as you want.
Renting out your home or a spare room can be a great way to earn extra income. Platforms like Airbnb and Vrbo make it easy to list your space for short-term rentals. Whether you have a spare bedroom or an entire home, you can find travelers looking for a place to stay.
Here are some steps to get started:
Renting out your space not only helps you earn extra money but also allows you to meet new people from different places. Just make sure to check your local regulations and any homeowner association rules before you start.
Finding ways to earn extra income can be a game-changer for your financial situation. Whether you choose to start a side hustle, sell products online, or offer services in your community, there are plenty of opportunities to boost your earnings. Remember, the key is to pick something that fits your skills and interests so you can stay motivated. Don't be afraid to try out a few different ideas to see what works best for you. With a bit of effort and creativity, you can make this year your most profitable one yet.
To start a YouTube channel, sign in to YouTube, click on your profile picture, and create a new channel. Pick a name, upload a profile picture, and start making videos.
You can sell eBooks, printables, music, software, courses, and more. Think about what you are good at and what people might need.
You can become a tutor by signing up on tutoring websites, offering your services at local schools, or advertising online. You need to be good at the subject you want to teach.
To deliver packages, you usually need a reliable vehicle, a valid driver’s license, and sometimes a background check. Sign up with delivery companies like Amazon Flex or UPS.
Start a podcast by choosing a topic, getting a good microphone, and recording software. Plan your episodes, record them, and upload them to podcast platforms like Spotify or Apple Podcasts.
To rent out your home or a room, you need a clean and safe space. Sign up on rental websites like Airbnb, take good photos, write a nice description, and set your price.
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