If you have to pinch pennies this year, you're not alone. Costs have soared! From gas to childcare and more, prices are downright shocking. It's no wonder consumer feelings about the economy have gone down.
Luckily, there are plenty of ways you can earn extra money to help make ends meet. You have to be a little scrappy and willing to think outside the box, but the money is ready to be made. Between passive income streams and work-from-home side gigs, you've got this.
Below are some of the best ways to make some extra cash this year.
Start a Dropshipping Store Online
Are you ready to become an entrepreneur? Starting an online business in dropshipping is a great way to do it. Dropshipping is a way to fulfill orders in which the business owner (you!) to outsource processes like procuring and shipping.
In other words, you set up a shop online to help people find great products. When orders come through, you have a third party send the goods. The key is in curating an excellent collection of goods and getting in front of the right audience.
If you have a knack for finding great products, this could be a great side hustle for you. Best of all, it's passive income once you get going.
Use Cash-Back Apps
What if you could earn a little extra just by shopping? You can! Several apps will give you a little extra money just for telling them what you bought or using their coupons. Check these out:
● Rakuten - Before shopping online, check Rakuten. You can get 5% or more back on whatever you spend.
● Ibotta - Check this app before you go shopping in person and get cash back for purchasing select items.
● Pogo - Connect the app to your bank account and get points for every purchase. Cash out for gift cards or PayPal payments.
● Fetch - Upload pictures of your receipts and get a little extra moolah in your account.
These apps won't help you get rich quickly. But they can give you a little breathing room when things are tight.
Start a Print-on-Demand Shop
If you have an eye for design, you can start a print-on-demand shop online. Don't worry, you don't need to have a large stock of t-shirts and bags or a machine to print with. You just need some excellent designs and a website.
Third-party printers can white label their products, including t-shirts, tote bags, mugs, and more. You use your designs, and the print shop can send them to your customers. Use excellent marketing practices, and your shop can go viral. Once you get started, this can be a low-maintenance way to pad your bank account.
Get Paid for Extra Space
If you have an extra parking space, some room in your garage, or even an empty closet, you can make extra money every month. With the Neighbor app, you can rent out your extra space for others to use as storage.
On average, users make $300 per month. Many people make much more with the space they're not even using. It's truly passive income.
Share and Sell Your Knowledge
Do you have special knowledge? Of course, you do. Take a moment and consider what you're good at. It might be parenting, marketing, housekeeping, or something truly niche.
Whatever expertise you have, consider creating content that teaches others how to do what you do. Then, sell those products online.
One way to do this is through ebooks. Write an instruction book on what you know and sell it online. Many sellers use Amazon, but you can publish on your own site as well.
Ebooks aren't the only way to share and sell your knowledge. You can sell an online course that walks people through what you know. Once you have your course set up, you can market it and watch the customers roll in.
Save Lives and Donate Plasma
Did you know that you can make up to $900 every month by giving your blood? Plasma donation centers pay people to give the plasma from their blood. This plasma is then used to treat people with certain conditions. You can do good while making extra money.
Giving plasma is almost painless. The medical staff inserts a needle while you sit in a comfortable chair. Then, you sit in the chair and read, work, listen to music, or otherwise relax for about an hour or two. Meanwhile, a machine takes some of your blood and separates the plasma.
You can donate about twice per week and earn money each time. Some plasma donation centers offer bonuses for return donors.
Create an App with No Coding Required
These days, you don't need to know how to code to create an excellent app. If you have an idea, you can make the app with services like Appy Pie or Bubble. You can then market your app and put it on the app stores.
How does this make money? You could charge people to download your app, but many businesses are moving away from that model. Instead, you can offer some parts of your app for free then entice people to subscribe to a premium version. You can also make money by offering advertisers space on your app.
Join the Gig Economy
While not passive income, gigs can help you make extra cash quickly. Today, there are more apps for side hustlers than ever. Here are just a few you can check out:
● Remotasks
● Care.com
● Postmates
● Uber/Uber Eats
● DoorDash
● Instacart
● Rover
● Outschool
● Field Agent
● VIPKID
● Amazon Mechanical Turk
● Uber or Lyft
If you have specialized skills, you can also become a freelancer. Writers, designers, consultants, and other professionals work as contractors for companies who need help with projects. Put your skills to work, gain valuable experience, and earn money with these gigs.
What side hustle will you try? There's so much to choose from. Just be sure to avoid burnout. Enjoy the extra cash!
Commenti