- We are huge fans of earning more money,
and we think everyone should have a side hustle.
Side hustling can allow you to earn
that little bit of extra money
that can help you achieve your financial goals faster,
whether it's paying off student loans
or saving for retirement.
But there are a lot of side hustle ideas out there.
Our goal today is to show you
the best side hustles you can start and why.
We have three main criteria for side hustles.
The first one is earning potential,
the second is scheduling,
and then, the third is growth.
Each one of the ideas we'll be sharing
strikes a good balance of these.
Let's dive in.
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Hey, everyone, this is Andy with The College Investor,
investing and personal finance for millennials.
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Number one, deliver food and groceries.
This has to be one of the fastest growing trends nationwide,
and as such, it's also one of the best side hustles.
If you don't like people in your car
for things like ride sharing,
but you still want to make extra money on your own terms,
this is a great way to do it.
The only drawbacks are you can't do it all the time.
Restaurants aren't usually open at two a.m.,
and you may make less than traditional ride sharing.
However, it's still a solid way to earn extra money.
Here are some platforms to try out
if you're interested in delivering food
and groceries for extra cash.
The first one is Instacart.
With this platform,
you can help deliver groceries and shop for others.
The second one is Uber Eats.
You've heard of this one, right?
This is one of the original food delivery platforms,
and it's still has one of the largest selections.
And then, the last one is Door Dash.
This is currently the fastest platform
expanding in many cities.
Okay, let's discuss the numbers with delivering groceries
and with delivering food.
Your earning potential is around $600 per month.
As far as your schedule,
we give that an eight out of 10,
and your growth potential, we give that a three out of 10.
With all that information,
we give food delivery a side hustle grade of 56%.
Let's move on to number two, ride sharing.
Yes, everyone talks about ride sharing.
Some people love it and some people despise it.
However, it's a solid pick for the best side hustle,
because it's one of the few jobs that you can do
literally any time or anywhere.
If you want to earn some extra money at two a.m.,
well, ride sharing's got your back.
You can do it, man.
Let's talk about how to start.
You could use Uber, which is the first
and largest ride sharing platform,
or you could use Lyft.
This major competitor often offers specials for new drivers.
With ride sharing, your earning potential
is around $1,000 per month.
As far as your schedule, we give that a 10 out of 10
for the reasons we talked about already,
and your growth potential, we give that a three out of 10.
With all that information,
we give ride sharing a side hustle grade of 77%.
Number three, start a blog.
This is our favorite side hustle,
but it's not an immediately income-producing opportunity.
Starting and growing a blog does take time,
but we estimate you can start earning
at least $1,000 per month at the 12-month mark
if you do it consistently,
for example, like three times per week.
But it does start slow and it's a lot, a lot of work.
However, the growth potential of a blog is nearly limitless,
so if you're looking for a longterm side hustle,
this could be it.
To get started, check out our full video on starting a blog
in less than 10 minutes on our YouTube channel.
Now, your earning potential with blogging
can be around $1,000 per month
within probably 12 months of work.
Again, if you want money fast,
blogging isn't the best route.
As far as your schedule, we give that a 10 out of 10,
and your growth potential
is definitely a 10 out of 10 as well.
We know hundreds of bloggers
making well over $1,000 per month from their hard work.
With all that information,
we give blogging a side hustle grade of 90%.
Number four, tutoring.
If you're a teacher, or really anyone with a college degree,
you can get paid to tutor kids online.
One of the hottest growing areas of demand right now
is teaching English as a second language online
to children overseas.
One of the benefits of this is time zone differences.
Our nighttime here in the U.S.
is typically the day in other countries,
meaning that this is a perfect side hustle
if you're looking for something to do at home
on the computer at nighttime.
These companies require you to be a teacher
or at least have a bachelor's degree.
You should also be comfortable teaching
over a webcam at home, so lights, a good camera and a mic,
and some technical computer skills.
Remember, you can also tutor any subject offline
by finding students in your local area.
Some great resources for tutoring online are VIPKid,
which is the original online ESL teaching platform,
and one of the largest.
Also GOGOKID, a fast and upcoming platform
that is growing and hiring a lot of teachers.
Your earning potential with online tutoring
is around $400 per month.
As far as the schedule is concerned,
we rate that at a four out of 10,
and your growth potential with online tutoring
is rated at four out of 10.
With all that information,
we give tutoring a side hustle grade of 40%.
Number five, online freelancing.
There are so many ways to make money online freelancing.
If you can read, write, program, make videos,
or you're open to learning a variety of skills,
you can make money freelancing online.
What I'm doing currently right now,
talking to you, I'm freelancing.
Some areas are easy to get started with,
like online transcription work,
online virtual assistant services,
and even online social media management.
The bottom line is that the potential is limitless
if you are even a little tech savvy
or you have writing skills.
To get started,
you could look at courses like Proofread Anywhere,
Transcribe Anywhere, and 10K VA.
Your earning potential can be around $5,000 per month
within about 12 months.
We rate your schedule with freelancing at seven out of 10,
and your growth potential at eight out of 10.
With all that information,
we give freelancing a side hustle grade of 90%.
Number six, rent your car.
If you have a car that you don't use very often,
maybe you're in school or you work at home,
you could rent it out to other people.
In fact, we know someone who bought three cars
just to rent through these services,
and he makes back his payment and more each month.
These services allow you
to list your car for rent on your terms.
You set the price, you set the availability,
so if you want to drive it, you don't have to worry.
Plus they cover insurance as well.
Check out services like Turo,
which is the original car rental service
and one of the largest platforms out there,
or Getaround, which is a new competitor in the market.
Your earning potential is around $600 for listing your car.
Our schedule rating for this one is a 10 out of 10,
and our growth rating is a three out of 10.
So with all of that information,
we give renting your car a side hustle grade of 63%.
Number seven, list your house.
Similar to listing your car,
you can also list your house or your room
or your garage or any other space you might have
where someone could stay.
We've even seen people listing their backyard
for camping locations.
You just need to put in a little effort
to make your house or your space friendly
for potential people to come over,
but otherwise, everything can be handled online.
Check out Airbnb and booking.com
as great partners for the side hustle.
Your earning potential could be around $1000 per month.
Our schedule rating is a six out of 10
and our growth potential is a four out of 10.
We give listing your house a side hustle grade of 67%.
Number eight, buy and resell stuff.
This is one of the easiest
and oldest side hustles to get into.
I've definitely used eBay
quite a bit in my lifetime to sell my stuff.
Today, technology has improved so much
that there are a lot of people
who make this their full-time job.
You can even search Craigslist for free stuff
and go get free things to resell.
Your earning potential here is around $1000 per month.
As far as your schedule,
we rate that a 10 out of 10,
and your growth potential, we rate that a five out of 10.
With all that information, we give buying
and reselling stuff a side hustle grade of 83%.
Number nine, create stuff to sell.
Maybe you're not into scavenging for things to sell,
but you have the skills to craft things to sell.
If so, you can sell your own products online.
From creating stationary and unique gifts
to household items, to printables or downloadables,
the potential for selling your own stuff is limitless.
You can use services like Etsy to get started.
Your earning potential is around $600 per month.
Your schedule, well, we rate that at a 10 out of 10,
and your growth potential
is an eight out of 10 for this one.
We give creating stuff to sell a side hustle grade of 80%.
And number 10, our last one on the list today,
is helping people move.
Maybe you have a truck or you're strong
and you could lift heavy furniture.
There are people that pay for help moving,
from moving their own houses to when they buy new furniture
and need someone to help them get it inside their home.
If you're just the muscle, you won't earn as much,
but if you have a truck, too, you can really earn a lot.
You can use an app like Dolly that helps connect people
looking for help moving.
Your earning potential for this one
is around $300 per month.
Your schedule for this one is rated at four out of 10,
and your growth potential is rated at three out of 10.
We give helping people move a side hustle grade of just 33%.
Hopefully, these ideas give you some good insights
into what we think makes a good side hustle.
Like any list of best ideas, it needs to fit your interest,
it needs to fit your skill, and your availability.
To learn more about any of the platforms,
any of the tools, or any of the partners we mentioned
in this video, we've placed all their links
in the description below.
Thanks for hanging out today.
This is Andy from The College Investor.
We'll see you in the next video.