How to make more money on the side
Who doesn’t love making more money? I have done so many things over the years to make money, so here are the options either I or someone I know has done, tips to make more money with each and how to make it work for you. Each month I do an update about ways I have made money on the side. Check them out with details on what I did and how much I made here.
This post may contain affiliate links. Read my full disclosure here.
How to make money on the side
Firstly, you need to work out what you want to do, how much time you have for it and work out payment. A separate bank account is a good idea (I like ING and you can get $25 for setting up your Orange Everyday Account using the code CNW116 if you follow the steps here). By directing your side hustle money to a separate account you can keep track easier plus it won’t get absorbed in your daily life. You can choose what to use it on.
Having people in your space or using your things isn’t everyone’s idea of fun. You can make good money from it though for very little effort. Here are my favourites.
I’ve made $1,300 in 5 days during Christmas 2018 or $600 for 5 days another time and $70 to $220 a night at other times. Airbnb has been great for me. You can sign up to be a host for free and if you’re in a great location, you can easily get booked out. I have this post all about how to make money with Airbnb, my top tips and things you really need to be aware of. If you want to try if first, get $55 off your first booking here.
2. Car Next Door
If you don’t use your car all the time, you could sign up to Car Next Door and make some cash plus save on insurance! Test it first if you like by getting $15 off your first booking here. Many members make $300+ a month and it is no effort for you!
3. Rent out your space
Sensing a theme here? Renting out things gets you easy money! List your garage on Spacer or similar sites, rent rooms on Airbnb or get a boarder, if you have enough yard or driveway space you can rent it to someone to store their caravan. Check out this post on how to make money from your stuff and space.
A neverending list of ways to make money by doing stuff for other people. Most of it is basic such as cleaning, putting together items and moving stuff. It’s free to join, you can get some weird requests though.
5. Driving or delivering
Most of the drivers I speak with love the flexibility but the pay is pretty low. I’d be inclined to suggest you do something else with that time such as blogging, freelance writing, VA work etc. But some people find driving works best for them. You can either drive people for Uber, Taxify, Ola, Shebah etc or deliver food through UberEats and Deliveroo.
You can find a huge list of 51 ways to make money from home here and check out the options below. I’ve worked mainly from home most of my working life, which has its pros and cons. You need the discipline to do it because it’s easy to get distracted. A good internet connection and set some boundaries for work time vs family time otherwise you can end up working all the time.
6. Online surveys
Not all of them are scams. Check out the full list of the best Australian online survey sites we’ve tested for you. Swagbucks is great plus they pay in USD. Octopus Group is the highest paying in Australia and Prize Rebel has done well for us.
7. Sell Or Resell Items
I’ve made over $10,000 in a month and loads of other people I know have easily made a few thousand each month buying things to resell or simply selling things around their home they no longer use. You can look at selling for others and getting paid for it as well. I started last year in the Gary Vee 2017 Flip Challenge and posted about it here. Month 1 I made nearly $3,000 and by month 3 I was on almost $9,000 then from month 4 it was $10,000. I don’t currently do it as I have travelled a bit and not been around to post/do pickups/look for anything to resell. I have all my top tips and information here.
This is not for everyone and not as easy as everyone thinks. Personally, I have done well with it as have many of my friends. You need a topic you are interested in and happy to write about consistently, quality content, social media skills (or the capacity to outsource) and a few other things. Check out this post for my tips on how to set up a blog and make money from it.
9. Freelance writing
My first freelance writing gig came after I had been blogging for a year. It was unexpected but great too! There are so many opportunities to get paid gigs. I’d highly recommend doing a course, honing your skills, learning how to pitch and getting ready before launching into it. This course covers it all and Holly makes 6 figures from freelance writing. (I connected with Holly through a conference I attend in the USA). Check out my other tips plus some paid writing options here.
10. Be a virtual assistant
Virtual assistants help in all areas of business from basic admin and emails to graphics, marketing and anything else they want to specialise in. If you have a background with admin skills you can make $20 to $100 an hour (depending on your skills. Only high level executive virtual assistants or those who manage others earn the top end per hour). Find out more here.
Random ways to make money
Today we have more ways to make money than ever before and so many ways to do it online. Here are some random ways to make money which you can’t do all the time but pay well when you can.
11. Medical testing
$4,050 is how much I was paid to test a medication I needed anyway which had already been extensively tested. You can read about medical testing here. I’ve seen offers for $500 through to $10,000 this year for medical testing and not all of it required you to take medication or have needles.
12. Mystery Shopping
I haven’t done this in ages but people who read The Thrifty Issue do and have said it’s still good. How much you make will vary, it tends to be mostly fast food and the rate isn’t huge. I don’t personally have any companies I can recommend as I don’t do it now. You can find out more here.
Bank accounts, investing apps, sign-up bonuses there is cash to be had everywhere! Check out this list of freebies which includes quite a few signup bonuses. Raiz has $2.50 here, Spaceship offers $20 with the code KTRAVERS9DU, ING gives you $25 with a new Orange Everyday Account and the code CNW116, Westpac has $50 for under 25s etc. Look for bonuses and freebies!
14. Market research
When I have done it, I’ve been paid $100 to $150 an hour. Some of them can be done in your own home, others are in a central location. It’s usually fairly simple, you give your opinion on stuff. Sometimes they have great food too! Check out this post for more info.
15. Voiceover work
Earlier this year I interviewed Brett who does this professionally. A few of my friends in the States make good money with it too and there is a demand as more and more people are involved with social media and businesses are creating different content. Find Brett’s tips here.
16. Pet and house sitting
Another option which some of my friends do is house and pet sitting. Once you have a good reputation the pay can be pretty good. Often you start doing it for free though. Read this post with tips from my friend.
Cleaning, ironing, gardening, babysitting and similar tasks need to be done and there are many homes looking for people to do them! The pay can vary from $20 to $50 an hour depending on what you do and where you live. Have your own business (you can start one for under $100 here) or advertise on Gumtree, Facebook, school newsletters etc.
Each month I share updates on how I have made money on the side as well as how much. This post has 43 ways for single mums to make money (which anyone can do). If you’re looking for fast cash, sign up to the free 5 Day Fast Money Boost.
Tips For Making More Money On The Side
When it comes to making money on the side there are a couple of things which can make a real difference.
1. Do multiple options at the same time
Options such as Spacer, Airbnb and Car Next Door can all be done at the same time without much effort from you plus it leaves your free time open still. Online surveys can be done anytime (such as when you are waiting at the doctors or at school pick up). Ironing can be done of an evening watching TV, buying things to resell can be done anytime because once the items are listed your time is free. Plus there are loads of apps you can make money at any time. Do you get the idea? Find the ones which work for you and you can do at the same time to diversify and increase your income streams.
2. Go for the highest income stream
This doesn’t always mean highest per hour, it means the most regular income as well as highest. Which options are going to get you the most money for the least amount of time/effort. To me, this is important because you are using your spare time to do it and still want to be able to spend time at your job, studying, socialising etc. If you spend 3 hours driving for Uber to make $30 when you could spend those 3 hours babysitting to make $60, it makes sense to babysit, right?
Look at the options you have available to you and work out which ones pay the highest as well as provide regular income.