Making more money is beneficial to everyone.
Increasing your income can help you reach your goal faster, whether you’re paying off student debts, building an emergency fund, or saving for a down payment on a house.
Every year, more people become aware of this reality. According to a recent DollarSprout poll, 57 percent of respondents had a side hustle.
Approximately 73 percent of respondents reported making $200 or less each month from their side hustle. Almost one in every six people, on the other hand, earns at least $500 per month in addition to their major source of income.
These business ideas are for you if you want to generate money from the side
1. Participate in online surveys.
Others’ feedback is valuable to brands and enterprises because it helps them make informed decisions about current and future products and services.
That’s why, by sending you surveys, they’re willing to compensate you for your opinions. While taking paid internet surveys won’t make you rich, they can help you save money for things like your monthly utility payment or your daily coffee habit.
Furthermore, survey sites like Branded Surveys, Swagbucks, and InboxDollars will pay you to complete a variety of small tasks in addition to surveys — think daily polls, watching videos, playing games, and shopping online — and they frequently offer $10 sign-up or gift card bonuses just for signing up.
2. Get rewarded for the information you currently freely give forth.
Personal data is big business these days, and whether we realize it or not, we are all part of it.
If you have a smartphone or use any form of social media (which is pretty much everyone), you’re probably giving up some information to the firms who make the applications. And in the vast majority of cases, you aren’t compensated for your data. Tapestri, a new app, hopes to change that.
In some ways, Tapestri’s concept is brilliant: the app is open about what data it collects (and it’s all anonymous and unrelated to you), and it’s also open about how it sells that data.
However, rather than retaining all of the profits for themselves, they share it with you, the user. You can make up to $25 each month simply by having the app downloaded on your phone and doing nothing.
3. Keep other people’s belongings at your home.
You may generate additional money by renting out any excess space in your home, such as a garage, basement, attic, driveway, or even a closet, on Neighbor.com.
The software allows you to connect with people in your region. Before approving people who are interested in your space, you can communicate with them to learn more about them.
You’ll meet your new renter, store their belongings, and be paid for each month they rent with you once you’ve been approved. To see how much you could earn, use Neighbor’s income estimator.
4. Enlist the help of a bill negotiator.
Saving money is just as good as earning money, even if it isn’t exactly a side job.
Those regular fees can easily build up as the world becomes more subscription-based. We all have at least one or two paid subscriptions that we don’t utilize.
There are currently a number of apps dedicated to assisting customers in reducing their subscription costs and other bills. Trim, Truebill, and Billshark are the most well-known. In exchange for a tiny share of the savings, their bill negotiation services aim to save you anywhere from $20 to $50 per month on regular utility bills.
5. Redeem your unused credit card points.
In my account, I currently have over $1,500 in unused credit card points. I didn’t understand how high my rewards balance was until I started thinking about booking a vacation for next year and checked my account to see whether I had any unused points.
If you have a cash-back credit card, keep an eye on your balance to see if you’ve earned any rewards. You might be able to use your points to pay for holiday gifts, and groceries, or to pay off a credit card balance. That won’t make you any more money, but it will help you move ahead by allowing you to use the money you didn’t realize you possessed.
6. Consider using real estate crowdfunding.
Crowdfunded real estate investing is a realistic alternative if you want to start real estate investing but don’t have enough money for a substantial down payment on a rental property.
Fundraise, an online crowdfunding site, can assist you in getting your foot in the door. It enables investors with limited funds to pool their resources and purchase shares in private real estate investment trusts (REITs).
Fundraise allows you to invest in private residential and commercial properties for as little as $500. Fundrise’s real estate professionals handle the specifics after you’ve invested your money with them. You are not required to take any action.
7. Old textbooks can be sold.
Textbooks are famously costly, and no one wants to pay full price if they don’t have to. You can simply sell most of your old textbooks online through services like BookScouter or Buyback Boss if you are a student or recently graduated.
Of course, you will not receive the entire amount you spent, but anything is better than nothing. And nearly invariably, what you obtain from these sites is better than what your campus bookstore has to offer.
Hope you find these list very helpful, you can add more in the comment section.