Picking up additional income streams can relate to seeking more personal fulfillment or just enjoying that extra cash for everyday purchases. Yet, even if you’re interested in spending your downtime more productively, opportunities don’t just magically appear.
You need to actively look for these options or reinvent your hobby or skill. Luckily, you can get acquainted with some of the ways other people make money outside their full-time jobs! Some of these stories and examples should incite you to seek a method that works for you.
Renting space or unused items
You could reap some additional income by renting spaces or unused items, such as tech gadgets. For example, if you have a spare bedroom in your home, you could offer it on Airbnb. A particularly unique example is redesigning spaces like sheds or garages to serve as a rentable space.
When it comes to renting unused items, visit MyStuffRental or Fat Llama to give peer-to-peer rentals a chance. For instance, people rent out their outdoor kitchens, portable petrol engine generators, photo cameras, party lights, instruments, or even lawn mowers. Using a trusted rental marketplace to facilitate rentals also brings more security with people getting verified and payments delivered securely.
Selling your digital or physical creations
Various digital and physical products can be sold online. For example, you can create audio tracks and background music and sell them for businesses to use for their videos. Such products also mean repeated income, as you can easily resell them to multiple people.
Besides digital products like music, ebooks, templates, images, fonts, apps, or T-shirt designs, you can have success with physical stuff, too. Etsy is a fantastic option for selling nearly anything, from wedding decorations, toy baskets, hand-made rings or necklaces, to clothes.
Pick up small jobs
Consider getting a second temporary or occasional gig. For example, you could deliver goods or provide ride-hailing services, but this is a broad topic. On the weekend, you could offer tutoring services, teaching a variety of skills.
In addition to temporary yet somewhat traditional jobs, you can pick up microjobs. These relate to different service providers that pay users for completing various short assignments.
These tasks can be anything, from watching specific videos to sharing insights into other products. After completing these tasks, you receive a reward, which you can later redeem for money, gift cards, or crypto.
Reuse your job-related skills
In addition to using your professional skills in your job, you could offer similar services as a freelancer. Besides honing your abilities further, it is also an option for branching out. So, you get to work with various clients, and some businesses can appreciate your work ethic and productivity enough to offer you more stable positions.
Even if you’re not interested in finding another job, having more people in your professional circle will serve you well in the future.
The most challenging aspect of freelancing is getting started. After all, as a new freelancer, you can’t rely on previous client reviews. Thus, it’s crucial to build a strong portfolio and consider options for advertising your services.
Investing options
While investing can seem risky, it can be both profitable and educational. For example, consider exploring dividend stock portfolios, which regularly pay out your profit shares. Besides this, you can also help other people’s dreams come true (and make a profit yourself) by starting to participate in peer-to-peer lending. Whichever investing option you choose, always judge the risks and be aware of the possibility of losing your money.
Conclusion
Each of these options has the potential to bring you some additional funds! Many of them are highly flexible, such as selling digital products, as the variety of goods to be sold is incredibly broad. Developers can sell reusable code and whitelabels, while marketing specialists can offer insightful ebooks on the best practices and industry tips. So, each recommendation is customizable based on your skills and preferences.