We could all do with some extra cash and there are plenty of ways to make it. Whether you want to avoid dipping into your savings or you’re living paycheck to paycheck, here are nine great ways to increase your income.
1. Start Your Side Hustle
There’s guaranteed to be a side hustle you’re amazing at — so good that people pay you for it. There’s a side gig available in everything from:
- Writing (why not write a book and sell it via Amazon?)
- Social media
- Virtual assistant
- Real-world assistant
- Teach something
Especially if you are in a one income family, side hustles can be a good help. Find what you’re most skilled at and make a business out of it.
2. Drive for Lyft or Uber
If you have a car with a clean driving record, drive for Uber or Lyft. You can choose your schedule, add value to your service and see your driver rating go up as you receive fast payments.
3. Rent Out Your Home
Do you have another property or a spare room in your home? List it on a website like Airbnb and start a rental business on the side.
4. Play Video Games
Twitch is all the rage right now and a great way to make money if you’re into video games. Stream your gameplay, offer entertainment value, and work your way to sponsorships and donations.
5. Sell Stuff Online
Amazon, eBay, Craigslist — there are many of platforms where you can sell just about anything. Your used clothes, toys, gadgets or even your cell phone. If you want a unique online selling experience, offer a service using Etsy to sell any crafts or art you create. This is one of the best home-based businesses you can start.
6. Start Sourcing Gigs on Fiverr
You’d find it difficult searching for a gig that isn’t available on Fiverr. It’s the most popular platform for businesses needing a service and creators offering theirs and looking to earn extra money to increase their income. Some of the most popular gigs include:
- SEO
- Content writing
- Graphic design
- Video animation
- Coding and website building
7. Buy and Sell Domains
Another way to increase your income which has risen in popularity recently is buying and selling domain names. These website addresses can cost as little as $0.99 to register with hosts like GoDaddy and some can fetch thousands of dollars. Need some proof? VacationRentals.com was sold for $35 million in 2007. It might not happen to that scale, but there’s definitely money in this method.
8. Start Dropshipping
It’s never too late to dive into the dropshipping hype. It’s a business model where you sell products to customers, but the supplier will store, package, and ship the product to your customers on your behalf.
9. Start a YouTube Channel
YouTube is a great way to increase your income. Not everyone can become an instant overnight success. Still, you can do tutorials and offer something different than other channels on the platform before you become an all-star and start earning your passive income.
What are you waiting for? With so many options out there to increase your income, explore the nine methods mentioned above to start seeing those dollars rack up.
