5 Popular Potential Ways to Make Side Money
Despite the fact that the economy is supposedly on an upswing (actually, while it is still improving, that improvement is slowing down, but that’s a topic for another day) people are finding that their primary income is not enough to sustain their lifestyles. We can help you out with a few suggestions on some popular side hustles that may put more cash in your pockets.
#1 Survey Sites
Paid surveys sites have exploded in quantity over the last ten years. You can find one for just about everything under the sun. There are even sites like Opinion City that gather up a lot of different sites and let you choose from the ones they think are the best.
There’s usually one big question people unfamiliar with survey sites will ask before trying one out, “Can you actually make money?”
The short answer: On some of them, yes…
The longer answer: On a lot of them the answer is, technically, yes. Though, once you jump through all the necessary hoops it will hardly feel worth it. On some of them, it’s more of a solid yes. On others, it’s a pretty firm no. Your best bet is to do some independent research before investing your time, personal information, and sometimes money into any of these sites.
Uber has a major selling point; you can drive on your schedule. Combined with the fact that most people know how to drive, it’s a pretty attractive offer.
The question becomes, “Can you make money driving with Uber?”
The short answer: Yep.
The longer answer: If you already have an eligible car, the patience to deal with all different kind of people, in all different stages of intoxication, and the free time to devote to driving enough to make it worth it…then, yep.
In business, competition is great for the consumer and breeds innovation for business. In the corporate marketplace Uber and Lyft may be rivals (not really, Uber is crushing Lyft), but as far as you are concerned; “Why pick just one?”
The short answer: Drive for either or both. Whatever is convenient for you.
The longer answer: While life might be killing it financially, that seems to come at the expense of their policy towards their drivers. The general consensus seems to be that Lyft drivers make more per ride, but Uber drivers get more rides. If you can find a way to get the best of both worlds, more power to you.
#4 Door Dash
While similar to life, and even more similar to Uber (considering UberEats), Door Dash is a slightly more involved experience. You are essentially a delivery driver. The only difference is that instead of just being a delivery driver for one place, you’re a delivery driver for pretty much every restaurant in the area, at this point.
That means you’re going to have to get out grab the food, drive to the destination, and deliver the food. That’s a lot more than just picking up and dropping of potentially wasted strangers. “Is it worth it?”
The short answer: Yes. It’s a solid side hustle.
The Longer answer: While it is more involved than Uber or Lyft, you stand to make more money. The biggest difference is that tipping ride-share drivers has not become as ingrained in society as tipping delivery drivers. That’s an extra couple bucks on every trip you might not get strictly as a driver.
Is there anything better than passive income? The short answ…wait, we aren’t they yet. Airbnb offers you the chance to rent out any space you might have for short (or long) periods of time, without the usual paperwork hassles. The term passive income basically means making money without having to really do anything. Airbnb isn’t a perfect example of passive income, but for those with enough capital to invest in more serious real estate deals, it gets pretty close.
“Is it worth renting out your personal space?”
The short answer: If you have the property, yeah.
The longer answer: If you’re comfortable renting to strangers (even with insurance), and are willing to potentially clean up messes those strangers may make, and effectively be a landlord, and you have the property, then yeah. This one is pretty cut and dry.
You get to vet who you rent to, but you’re always taking a chance. If you feel comfortable, it is a decent side income.