The economy has been unstable due to the Pandemic as well as country-specific fluctuations causing instability on the global market, and people are looking for ways to make ends meet. One way to do this is by creating a second income. There are many different ways that one can do this, from finding a new job to starting a small business. The best way to find out what will work for you is to brainstorm ideas and see what sticks with you.
If you have some extra space in your home, such as an extra room, apartment, or garage, you can rent it out to tenants. This is a great option for people who are looking for a vacation rental or for people who need a place to stay while they’re in town. You can also consider renting out your own RV if you’re not using it. This can be a great way to make extra money on the side.
RV renting is a great way to purchase an RV and pay out the loan through the income you make from renting it. It is important to keep in mind that there are expenses that come along with renting out an RV. You will need to pay for the insurance, water and electric bill, and any cleaning supplies you may need once a month.
- Upside: An extra income
- Downside: Expenses associated with the RV
Selling your unwanted stuff
Do you have things in your closet that you haven’t worn in years? You can sell these items and make money on the side. You can easily take pictures of the item and bring it to a consignment store or try selling it directly through an Instagram account. There are websites such as Craigslist and eBay where you can sell your items in a more public manner. You can also consider becoming an Uber or Lyft driver so you can gain access to in-app features that allow you to easily connect with potential buyers.
This is a great thing for people who love shopping and switching their wardrobe often. Try to take out the things in your closet and keep it at a minimal number, while you can sell the things you have worn or that you never used. Over time you can create an entire online store selling second-hand clothes, but this requires some planning, marketing, and strategy.
- Upside: Sell things for cash
- Downside: Unwanted items taking up space
Sell your photos
Do you have a good camera and some photography skills? You can sell photos online for money. There are websites such as Shutterstock, where people pay for photos that they could use in any sort of work-related or personal project. Shutterstock also offers opportunities to become a contributor and the more images you submit, the easier it is to earn a decent living from it.
In case you love photography but don’t know how to take pictures, maybe it is time to try a new hobby. The equipment is a bit costly, but if you devote it can pay for itself in the long run.
- Upside: A new career that’s in high demand
- Downside: Potentially low salary relative to freelancers and photographers with more experience
Sell your crafts/ art
People love handmade items, especially if they are of great quality. You can make beautiful paintings, knit scarves for your friends, or design custom clothing that you can wear to events. You can use sites like Etsy to sell your wares and connect with buyers from around the world.
This is a great way to create an income on the side if you have some spare time during the day after work. If you don’t want to go through the hassle of creating new items or maintaining a website, you can consider joining some local craft fairs to sell your goods.
- Upside: A way to make money without too much effort
- Downside: You might not be able to find buyers for your products
Become an Uber driver
With the large number of people who are working on finding extra ways to make money, there is a high demand for drivers. You can easily sign up on Uber and start driving people in your city to earn a few extra bucks every week.
This is a great option for people who have their car and some spare time during the day. If you’re interested in becoming an Uber driver but don’t know how to submit your application, you can check out their website for more information.
- Upside: Flexible hours
- Downside: You may have to deal with drunk passengers, especially on Friday nights
Take freelance work
You can freelance with your existing skills by working on different projects through online platforms. Sites like UpWork, Freelancer, and Fiverr allow you to connect with clients who are willing to pay for services that they need. You can easily sign up with these websites and start working on small tasks that will help you generate an income on the side.
Freelancing is a great way to make extra money, especially if you know how to use certain programs or are capable of writing good articles. To become successful in this field, it is important to learn how to market yourself so you can get more clients. For example, fees vary depending on your experience and skills, so you might have to work on a lower-priced project in the beginning.
- Upside: A new career path with opportunities for growth
- Downside: You may lose money if you don’t know how to price your services correctly, and it can be more difficult than expected to gain clients
Look up online surveys
Many websites pay you to answer questions about various topics, such as personal preferences. These surveys are easy to take and they can help companies gain insight into what their customers want. You can use survey sites like Opinion Outpost to make some extra money by completing online questionnaires. You won’t be paid too much but it’s easy money if you have the time to spare.
- Upside: Quick and easy way to make extra cash
- Downside: The pay might not be worth the time spent doing the surveys
If you’re looking for a way to make some quick cash, consider selling your plasma. If you are between 18- 69 years old, you can make up to $50 per donation by selling it at your nearest bi-center. Some people are not allowed to donate plasma due to health problems or other reasons but if you can do it, this is one of the easiest ways to bring in some extra cash fast. To get started, you need a valid form of ID. Some people may have to undergo a test first, depending on their health history.
- Upside: A quick way to make some cash
- Downside: Your time is limited so you may not be able to donate plasma as much as you’d like
There are many ways to make money on the side, from finding a new job to starting a small business. The best way to find out what will work for you is to brainstorm ideas and see what sticks with you. Get a piece of paper and write down the pros and cons of every idea, you will be launching a small business or getting an extra income in no time.