An easy way to improve your financial situation is to increase your income. You can pay off debt faster, rest easier with a well-funded emergency fund, increase your retirement account – the options are endless.
While you can apply for a raise or change jobs to earn more money, these options are not always available. This is where a good sideways push can fill the void. But not all secondary activities are created equal.
Any extra income is good, but sacrificing your precious free time should give your bank account a big boost. The following seven jobs all have the potential to bring in $ 1,000 per month or more in ancillary income. And there’s a good chance you’ve cultivated the necessary skills or hobbies already.
1. Tutor or consultant
If you have a useful skill, you can probably monetize it. Whether you’re an algebra whiz, play a wicked tambourine, or can improve a business’s bottom line, someone can likely benefit from your experience.
How much you can earn from tutoring or counseling will depend on a number of factors, including how scarce your skills or experience are. If you are tutoring young students, you can expect rates of around $ 15 to $ 25 an hour. At more advanced levels, tutors can easily charge $ 30 to $ 50 per hour. And a top consultant can make $ 100 an hour or more, depending on the industry.
2. Virtual assistant
Most of us lead busy lives, but some people are better than others. If organizing is your skill set, consider becoming a virtual assistant for someone who needs a helping hand to stay on track. Virtual assistants do everything from managing schedules and sending trip reminders to planning business meetings and trips abroad. The amount you earn will usually vary depending on the hours you work and the complexity of the tasks you complete, but $ 15 to $ 25 an hour is common.
3. Freelance writer
Anyone who masters the words can work as a freelance writer. It helps if you have both a good grasp of grammar and a solid knowledge of a specific subject. Experts in niche markets will make the most money.
Even if you’re not the best writer, you can put your research skills to work in compiling lists for popular websites. And people who have a knack for posting on social media can offer their skills to businesses looking to increase their reach.
Writers are paid in a number of ways, including per word, project, or hourly. The rates at the bottom of the scale aren’t great, but those with a bit of experience can easily make $ 15 to $ 25 an hour for basic positions and $ 75 an hour or more for a expert level work.
4. Delivery driver
Drive-through delivery options were multiplying before the pandemic even got us all inside, but they’re massive now. You can get a delivery guy by hauling anything from pizza to prescriptions, by bike, scooter, or car – and often while setting your own schedules. What you earn will depend on when and where you work, who you work for, and what you deliver. (Luck can also play a role, when it comes to tips.)
5. Online trader
People will buy almost anything. And that goes twice for online shopping. If you have it, there is a good chance you can sell it online. It can be anything from your lightly worn clothes to your handcrafted blocky dice. You can build your own website and store it or work through a third-party marketplace like Etsy or eBay. What you earn will depend on both what you have to sell and how you market it.
6. Affiliate Marketing
One of the most popular ways to make money online is through affiliate marketing because it can be done by anyone who can build a decent audience. Through affiliate marketing, you talk – or post, blog, podcast, or vlog – about a specific product, then ask your audience to make a purchase through a certain web link (or, sometimes, with a special code). Each purchase made through your affiliate link will earn you a small commission.
The amount you earn for each lead will depend a lot on the type of product. In general, digital products, like eBooks, will have a higher affiliate rate than physical products. And the larger your audience, the more power you have to negotiate higher rates.
7. Participate in market research
If you’ve ever dreamed of getting paid to review things, market research might be your solution. Many businesses will pay a pretty dime to get honest, real feedback from potential customers. This could mean that you spend half an hour on a product review, or you could spend a few hours filling out surveys. The rates vary depending on the size of the project and the industry, but it is possible to earn $ 25 an hour or more by giving your opinion.
Whatever your skills or experience, you probably have something you can market, even if it’s only worth two cents. With a bright side, you can earn $ 1,000 a month or more to give your personal finances some peace of mind.
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