How to Make Extra Money on the Side?

    Introduction:

    Looking for the best side hustles that someone can do while quarantined at home? This is the place. The pandemic proved fatal in many ways to the global population, with almost everyone losing out on a massive chunk of income. Under these circumstances, maintaining a side hustle seems like the best idea. There are specific side business ideas that can make hundreds of dollars per day. The best part about these side business ideas is that many of them allow one to start getting paid right away.

    How to make extra money on the side?

    Anyone planning to invest themselves in easy side hustles to make money on the side can do one or more of the following:

    • Virtual Assistant (50-200 USD/ Hour)

    What is a virtual assistant? This is someone who works remotely and helps another person with specific tasks. It is an assistant that does all the work from a computer. Several freelancer websites let one sign up as an assistant or hire an assistant. A study shows that most people in the US charge somewhere between fifty to two hundred dollars an hour, which could be a great thing to do when someone is stuck at home and has an internet connection. However, when someone is starting, they might have to start from a lower rate to build up the initial clients and to get good reviews. But once someone gets the initial reviews, they can start increasing their rate. This is an excellent job for anyone that has experience with data entry, word processing, setting appointments, writing, and a lot more.

    • Tutor online (15-80 USD/ Hour)

    The next side hustle is to tutor people online over Zoom and Skype. By doing this, one can easily make fifteen to eighty dollars per hour. The first step to doing this is to think about what subjects one can successfully tutor. Then they should think about what grade they can teach. Most of the time people have preferred in-person tutoring. But now is the time everyone only wants online tutoring, owing to the pandemic. So this is actually the perfect time to get into the business and start to build up a client list. Secondly, one would want to post a listing on the Facebook marketplace and Craig’s List. It also helps to post on Facebook and other social media accounts. List the subjects taught, the grade levels, the credentials as a tutor, as well as the rates. However, the rates should be lower than in-person tutoring.

    • Creating compilation videos (50K USD/Year)

    So a lot of people do not know that there are tonnes of opportunities to make money on YouTube, even if one does not want to make videos themselves. One of the easiest ways would be to make compilation videos. All that one has to do is pretty much download TikTok videos that are trending on the app and edit them into one YouTube video. Once anyone reaches one thousand subscribers and four thousand hours of watch time for their account, they would be able to monetize it using Google Adsense. However, it is important to remember that Tiktoks with copyright and music cannot be monetized. But that does not mean that one cannot sell ad space on the actual video itself. This is a more out-of-the-box idea for side jobs.

    • Freelance writer (5-200 USD/ article)

    If someone is a solid writer and if they want to build a side hustle writing articles for people, then getting started on Fiverr is a great way, especially right now. It works with people hiring writers to write articles and telling them the specifications that they want. The beginning might be very hard, that is getting the first clients and getting the initial reviews. Building a bunch of good reviews takes a lot of time and involves doing a lot of things that one might not want to do. However, one might want to create listings on Fiverr that are very specific, for example, being a recipe or a fashion writer.

    • Transcribing (10-30 USD/ Hour)

    Transcribing is taking a video or audio and then typing everything that is being said. If someone is a very fast typer then this can be a good way to make some money on the side. It might not be as profitable as some of the other sides hustles on this list, but this seems to be a lot more consistent and stable.

    Conclusion:

    If someone is staying at home, or they lost their job because of the pandemic, or if someone just wants to create alternate streams of revenue, doing one of these side hustles right now could be a proven way to make money on the side. If one of these things becomes something that works out for someone, it could also move on to become their main job in the future.


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