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As society goes through its normal process (taking our money via regulation), finding clever ways to make extra cash is vital. Rapid advancements in technology have created endless ways to work side hustles.
At the press of a mobile button, or app people can exchange shared services for capital. Let’s look at the task and profit potential of the so-called shared economy;
Uber– an app-based transportation network and a taxi company that allows drivers to use their own vehicle (and rent) to accept rides in exchange for money via their uber app. https://www.uber.com/
- PROFIT: $165 on the low end and $350 on an average monthly basis with potential to make more
Airbnb– an online marketplace and hospitality service, enabling people to lease or rent short-term lodging including vacation rentals, apartment rentals, homestays, hostel beds, or hotel rooms. https://www.airbnb.com/
- PROFIT: $400 on the low end and $900 on the average from making your home available to travelers.
TaskRabbit– an online and mobile marketplace that matches freelance labor with local demand, allowing consumers to find immediate help with everyday tasks, including cleaning, moving, delivery and handyman work. https://www.taskrabbit.com/
- PROFIT: $110 on the low end and $375 on an average monthly basis
Lyft– alternative app-based transportation network that allows drivers to use their own vehicle (and lease) to accept rides in exchange for money via their Lyft app. https://www.lyft.com/
- PROFIT: $200 on the low end and $380 on an average monthly basis with potential to make more
DoorDash– an on-demand restaurant delivery service. https://www.doordash.com/
- PROFIT: $100 on the low end and $230 on an average monthly basis
Postmates– logistics company that operates a network of couriers who deliver goods locally. Drivers use their mobile phones to receive orders and deliver them. https://postmates.com/
- PROFIT: $75 on the low end to $180 on an average monthly basis
Etsy– a peer-to-peer (P2P) e-commerce website focused on handmade or vintage items and supplies, as well as unique factory-manufactured items. https://www.etsy.com/
- PROFIT: $45 on the low end and $150 on an average monthly basis
Fiverr– a global online marketplace offering tasks and services, beginning at a cost of $5 per job performed. The site is primarily used by freelancers, who use Fiverr to offer services to customers worldwide. https://www.fiverr.com/
- PROFIT: $55 on the low end and $105 on an average monthly basis
Getaround– Getaround is an online car sharing or peer-to-peer carsharing service that allows drivers to rent cars from private car owners, and owners to rent out their cars for payment. https://www.getaround.com/
- PROFIT: $60 on the low end and $110 on an average monthly basis
Career Goddess Academy– an online career site that provides training, certification advice, and blog updates to give you the inside scoop on fun and financially witty side gigs that you can do from your home, office, or on the pink sand beaches of Bermuda. http://careergoddessacademy.com/
- PROFIT: $15/hr on the low end and the potential to make over six figures per year is highly possible
To college students
Parents, helping your kids obtain side hustles gives some relief to your pockets. Working in between studies empowers them to begin adulthood and learn financial independence.
Making money primarily is made according to time + effort. Depending on the time you invest into a side hustle, you can make more than what’s stated above. Whether it’s a way to survive or a new career path, or your road to financial freedom, side hustles are a great step in the right direction.
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