Money-making ideas on the side are more common than ever in the United States, whether it’s to pay the rent or buy groceries or fund a lifelong ambition of traveling throughout Europe. Someone you know or yourself might be juggling many careers.
As studies have shown, more and more people in the United States are engaging in “side hustles.”
In 2022, 45 percent of all U.S. residents will be engaged in some form of supplemental income. The average American devotes 13 hours each week to a side business. By year’s end, the global gig economy might be worth $455 billion.
Currently, a side hustle can only bring you an average of $483 every month. Yet, we’ve all heard of success tales when an individual parlays a part-time activity into a six-figure enterprise in a matter of months.
Only roughly 45 days remain in 2022, but there’s more than enough time to launch a modest endeavor that can quickly bring in $1,000 monthly.
How to Start?
An excellent piece of advice is to take baby steps. Freelancing on platforms like Upwork and Fiverr allows you a low-risk entry into the market. They won’t make you rich overnight, but they will get your name out there and add credibility to your portfolio. Put forth your time and effort to build your firm, then move on to better-paying customers.
BYOB life – that’s “being your own boss!” – involves only three steps:
- You need a skill that others are willing to pay you for.
- Try to charge money for it.
- Repeat Step 2 until you have achieved your financial objective.
Moreover, it was also mentioned that taking baby steps toward financial independence is a good idea. Earning $1,000 a month is a reasonable goal to set for the time remaining in 2022.
Do you feel prepared to increase your earnings this year? There is no need for specialized training, pricey machinery, hefty initial investment or registration fees, or even a college diploma. You just have to put in the time, be imaginative, and be open to trying new things and acquiring new abilities.
If you need an extra $1,000 each month, here are 10 tried and tested money-making ideas.
Money-Making Ideas to Get Rid of Your Cluttered Closet
Use what you have to make do, as the saying goes. You might easily make an extra $1,000 by selling unused items and taking up storage spaces. More if you go the extra mile and convince your family to let you rummage through their belongings and sell off some of their heirlooms as well.
With just 45 days left in the year 2022, now is the time to clear the clutter from your home and (finally) get rid of the unused items that have been taking up valuable space. Obviously, it would be wise to maximize the amount of money you make from this opportunity.
Obviously, this is just the beginning, since you will soon exhaust your personal inventory. So, you take your couple thousand dollars in earnings and begin reselling other people’s goods.
Because of this, let’s move on to…
Web-Based Business Transactions
Shopify and Amazon’s Fulfillment Service have simplified online retailing immensely. Instead of spending years getting started, they get you up and running in a matter of weeks or months.
Retail arbitrage is a trendy new term that has recently gained popularity. Don’t be scared away now. It’s as simple as visiting retail establishments like Wal-Mart, Costco, Target, or even a thrift shop in search of merchandise to resell on the internet.
Examine the pricing differential between your neighborhood Walmart and Amazon.com. It’s likely that you’ll find the same goods being offered for a higher price on the internet. The most common places where this occurs are eBay and Amazon. Marketplaces like Poshmark and Etsy cater specifically to the clothes and antique items markets, respectively.
However, tread carefully; others have wasted a lot of time and money by not paying attention. If you want to make $1,000 per month, you’ll have to put in the work. To estimate your potential earnings per item, market experts recommend using a tool like the Amazon Seller app. Once you have a money-making method in place, it’s simple and straightforward to bring in some more cash before the end of the year.
Money-Making Ideas to Consider Leasing or Renting Out Your Vehicle and Other Assets
The meteoric rise of Airbnb has spawned an entire “sublet sector,” with hosts everywhere advertising their properties with the slogan “Airbnb for X.” You can do a few different things here:
- RVnGO, is a renting platform for RVs
- Spacer, an area to market your garages and parking spaces
- Swimply, a platform to renting your pool
Is there a yacht or a private jet you never use collecting dust in your garage? Contact me. Joking aside, you might utilize Boatsetter or Jettly, respectively, to get passive revenue.
Provide Delivery Services to Clients’ Houses
In the past two years, home delivery has witnessed an enormous uptick as more and more of us have become accustomed to working from home and having our daily necessities sent to us. It’s plain to observe in the booming new delivery industry across the country.
However, the tricky part is figuring out what your neighborhood regularly needs to be delivered to their doorsteps by looking around and asking yourself that question.
If you give it some serious thought, you might come up with a way to make at least $1,000 every month.
If you want to grow, you have to take risks. Someone I know got his start in the company by making deliveries to seniors who didn’t want to deal with delivery apps and other forms of modern technology. He now has a reliable clientele and earns between $2,000 and $3,000 every month. He expanded his services to include assisting the elderly with basic household tasks like cooking and repairs.
Don’t be hesitant to get inventive with your pricing; “the premium you charge is the value you create.”
Also, since we’re discussing this…
Money-Making Ideas for Maintenance and Other Household Duties
Cleaning, gardening, mending, buying, etc. are all mundane errands that could form the basis of a thriving side business. Apps like TaskRabbit and AirTasker exist specifically for this purpose.
The fact that chores must be done around the house and most individuals are too busy to accomplish them is an understatement. Also, there are five people who call a handyman or woman every time anything breaks, although only one person has the skills to fix it.
Making money by completing menial tasks requires nothing more than some fundamental resources and a bit of practice. Start by assisting those closest to you. While this task may seem elementary, I’ve heard that some people may make as much as $400 just by mounting a TV.
However, if you prefer digital media, you can…
Enter the Freelancing World
Millions of freelancers have been able to find side gigs or full-time careers through online job markets like Upwork and Fiverr. Recently, LinkedIn also introduced its Services Marketplace, where users may join up for short-term work with established businesses and innovative startups.
Is writing something you’re capable of? Do you have skills in coding, video production, or social media? Advertise your abilities at a place where people are actively seeking new employees, and you might be pleasantly surprised by the response. Virtual assistant employment is a good entry-level option because it doesn’t require specialized knowledge. There’s a high demand for them, and customers will give you specific instructions on how to fulfill that desire.
Start a Virtual School and Teach Others
You can make a passive $1,000 per month by teaching others what you know, whether that’s cooking, gardening, time management, or investing. Most notably, You can instruct without physically being present.
Online courses feature inexpensive initial costs and great profit margins when you hit the nail on the head; all you need is access to a computer and something to say that can help people. It is expected that the e-learning market would grow from its 2020 level of $250 billion to 2027 levels of $1 trillion.
You don’t need to have the longest online course to make money doing this, and there are various online course markets where you may get started, such as Skillshare and Coursera. “The greatest way to succeed as a Skillshare instructor is to create engaging content that is consumable, project-based, and personal,” said one expert on online teaching platforms. Our typical lesson consists of an hour or so of pre-recorded video content presented in several shorter films ranging in length from two to five minutes. The most effective courses focus on a single concept or ability rather than covering a wide range of topics.
To give you an idea, Skillshare pays instructors a royalty for every minute their students view their classes. Their best educators bring in an average of $2,000 monthly, with some making enough from a single class to cover their rent.
And if all goes well and you have a solid internet profile, you can…
Make Your Way into the Creator-Driven Market
Big IT companies are willing to pay you to create content online if you enjoy doing so and have something to say. Specifically, this implies having a significant impact on sites like Facebook, Instagram, and TikTok. You don’t have to be a youngster to enjoy these dance fads. The “Dad, how do I?” channel is among the most popular on YouTube. where a father demonstrates how to perform simple, essential things that everyone should know. With over 2 million views, “How to Shave your Face” is his most successful video.
Now, in order to make money off of most platforms, you need to build up a certain amount of user interest. Channel owners “need to be in good standing with YouTube, have 4,000 legitimate public view hours in the last 12 months, and at least 1,000 subscribers,” as stated by YouTube’s Partner Program standards.
Moreover, having fun is the more crucial factor here. You’ll get closer to your goals and be able to start making money from your content the faster you can produce videos. A year, six months, or even thirty days, if you really pushed it, may pass. Newcomers often say things like, “Those first few dollars are tremendously motivating and powerful because they provide proof that you’re doing something properly.”
Exploring the types of videos individuals in your field are making and the content people want to see is also a good idea. That way, you’ll know exactly what kind of video you’re doing and why before you start shooting.
And after you have a stable clientele, you can think about…
Start a subscription service or newsletter that charges for access
Building up a fan base on social media might help generate interest in a paid newsletter or subscription service. Just having access to the internet and the ability to produce information that others find worthwhile or interesting can get you an extra $1,000 each month. In exchange for a part of the sales, sites like Patreon and Substack enable you to sell directly to your followers.
In addition to that…
Money-Making Ideas from Consulting
That might be the Holy Grail of side hustles. Consulting entails assisting organizations (or occasionally sole proprietors) in resolving a professional issue in which you have expertise. The general idea is that if you can increase their financial success, you’ll both benefit.
If you can aid a company in increasing its profits, you can set your own price. As long as it’s not too much higher than the profit they expect to gain from hiring you, you’re good to go.
Here are some examples of consulting projects you could take on:
- Website design
- Website copy
- Business processes
The only limit is your imagination. Why not give it a shot if you think it will be profitable?
Focusing on getting started is the key to making an extra $1,000 every month. Quite a long list has just been handed to you. Make a choice that makes use of your strengths, hobbies, and free time.