If you want to earn a little extra cash to launch your small business, here are 16 ideas to get your entrepreneurial spirit going.
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Entrepreneurship comes with financial ups and downs: one month, income is flowing in from your online store, and the next, you're thinking about how to generate extra money to cover expenses. Fortunately, there are plenty of ways to make extra money on the side.
Three approaches to help you earn that extra income are: making money doing something related to your business; finding a side job in your spare time,canada numbers list on your own schedule; or taking the opportunity to follow your passion.
Here are some ways to make extra money that are worth exploring, whether you want to make money online or in person.
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16 Ways to Make Extra Money
Sell used items online
Find freelance jobs
Take online surveys and focus groups
Do product testing
Do website, app, and UX testing
Participate in research studies
Rent out a spare room
Rent out your car
Do house-sitting, child-sitting, or pet-sitting
Offer delivery or ride-sharing services
Work in online bookkeeping
Offer online tutoring
Sell stock photos
Transcribe audio
Work as a mystery shopper
Teach Spanish
Before you head out to earn that extra cash, you'll need to brainstorm ideas to see which one fits you best. These 16 side hustles include creative and practical ways to supplement your income while keeping your main job.
1. Sell used items online
One of the easiest sources of extra money can be right at home. Selling secondhand clothing, vintage clothing, jewelry, musical instruments, furniture, and other items is an accessible way to make money online.
Marketplaces include Wallapop and Facebook Marketplace for local sales, and Poshmark and eBay for online sales. If you have luxury goods, you can do so through online consignment resellers like The RealReal.
For more niche marketplaces, look to Etsy for crafts and Reverb for musical instruments. You can set upfront prices, though some platforms encourage negotiation.
2. Find freelance jobs
Freelancing is a form of self-employment where you offer your services to clients on a project or contract basis. Freelancers work independently rather than being tied to an employer long-term, and are responsible for finding clients and negotiating the terms of their work, including pay.
Freelancing can encompass almost any task, from writing to programming to plumbing. Whether you work behind a desk or using a hammer, there are sure to be freelance opportunities that fit your skills.
As a freelancer, you can work on multiple projects at the same time, usually within a short timeframe. Platforms like Contently, Upwork, Fiverr, and TaskRabbit help connect your skills with demand in your area or through online clients. This system offers flexibility to negotiate your pay, either per project or per hour.
3. Participate in online surveys and focus groups
Market research companies are often willing to pay to get public opinion on their products or services. You can connect with these organizations through survey sites like Survey Junkie, Branded Surveys, and Swagbucks.
Other companies, like Adler Weiner Research, host focus groups that can meet online or in person. The time commitment required for focus groups can vary—some last about an hour, while others can stretch all day. In many cases, longer surveys pay more.