Whether you need extra money for your next big trip or just want to keep your bank account afloat, there are plenty of smart ways to make some extra cash.
If you have a hobby or passion that you’re passionate about, consider creating a business around it. Start by creating an online course about your area of expertise, and you’ll be on your way to earning some extra income while learning something new.
Renting Out Your Unused Space
There are a variety of smart ways to make money from your unused space. These include renting your garage, pool, guest room, or any other unused part of your house to others for rent.
The amount of money you can make will depend on how much you charge, the type of space you have available, and how long it takes to book your rental. Typically, you will make a few hundred dollars a month by renting out your unused space.
Using sites like ShareMySpace or Stashii to list your extra space for rent is a great way to get started. You can also use good old word of mouth to find people in your area who are looking for extra space.
Starting a New Business
Starting a new business can be an overwhelming process, with many moving parts. You’ll have to plan, make key financial decisions and complete a series of legal activities to get your company off the ground.
Your first step is to decide what kind of business you want to start. You may choose a product-based business or a service-based one.
The type of business you start should be aligned with your goals and lifestyle, as well as what works best for your skill set. A service-based business, for example, might require little investment and offer greater flexibility.
You’ll also have to consider legal issues, such as how you’ll operate and what types of insurance you need. As a result, it’s important to seek professional advice on these matters.
Selling Your Plasma
If you have some extra time on your hands and are looking for a side hustle, selling your plasma is a great option. This life-saving liquid can be sold to companies that make products to help people with blood clotting disorders, cancers or other diseases.
You start by answering questions about your health and submitting to medical tests. Then, you’re hooked up to a machine that separates your blood’s components.
The plasma and platelets go to hospitals, where it’s used to treat blood clotting disorders. They’re also used in medical research. Because plasma doesn’t last long when stored, there’s a constant need for regular donors.
Renting Out Your Car
Whether you have a car that’s rarely driven, or just don’t want to take it out on the road, renting it out can be a smart way to make some extra money. It’s a great way to offset the cost of owning a vehicle, and can also be a good way to help out your community.
Getting started with renting out your car is easy, and you can get paid quickly — especially during peak vacation season. All you need to do is list your car, respond to bookings, and meet renters at a designated location to drop off the keys.
There are a few car sharing apps that allow people to rent your car, so you should pick one that’s the best fit for you and your vehicle. Some of them offer a wide range of protections, and they even handle the car insurance.
Starting a YouTube Channel
If you’re a creative professional, starting a YouTube channel is an excellent way to build your brand and earn a healthy income. It’s also a smart way to build a community of followers who will help spread the word about your work.
Start by finding a niche community to target. This will allow you to focus your channel, research topic ideas, and better meet the needs of your audience.
Once you have a good understanding of your audience, it’s time to start making videos. This will require a lot of practice, but it will pay off in the long run.