Taking up a side hustle can be a great way to boost your income. Data shows that nearly one in three Americans has a part-time job or a side hustle, because they need the additional income to meet their day-to-day financial needs.
While there are several side hustles that can help you earn an additional $50 or $100 every month for doing practically nothing, like taking online surveys or earning cash backs for shopping, you cannot rely on them if you want to increase your income substantially.
In this post, let us take a look at six high-paying side hustles that can make a significant difference to your monthly income.
Digital platforms Upwork and Freelancer allow you to monetize your technical and creative skills to a great extent.
No matter what you are good at, from content writing to proofreading, translation, graphic designing, search engine optimization, website development, accounting, animation, coding, and many more, you can monetize it using these platforms.
While the average hourly rate for a freelancer is around $20 per hour, you can earn a lot more if you work in in-demand industries like marketing, legal, and mobile and web based app development.
If you are a fashionista, you can become a personal fashion consultant for high-end shoppers and earn serious money.
You need to work with each client, understand their likes and dislikes, and help them choose clothes that match their personality and fashion sense.
Depending on your knowledge of current fashion trends and your ability to communicate with your clients, you can charge anywhere from $50 to $500 per hour.
If you have the qualifications, knowledge, and patience needed to teach people, you can make some serious money by becoming an online tutor.
You can sign up with a platform like Varsity Tutors or Chelsea International Education and earn anywhere from $20 to $80 per hour for tutoring students.
If you are already an established tutor and have your own set of students, you can work on your own and charge up to $100 per hour.
If you don’t mind physical labor, lawn mowing can be an excellent way to earn money on the side. If you live in a neighborhood where there is already a demand for lawnmowers, you can do it on your own and earn anywhere from $25 to $50 per hour.
Alternatively, you can sign up with lawn mowing platforms like GreenPal, where the hourly rate is around $55 per hour.
If you are a fitness enthusiast and if you are passionate about helping people become healthy and fit, you can become a personal trainer.
The best part is that you do not even need your own gym to become a personal trainer. In recent years, there has been a marked increase in demand for online personal trainers who can create customized online training packages and fitness lessons for customers.
It is a fun job that can pay up to $70 per hour.
If you are an academic, you can become a curriculum writer and get paid for developing curricula, teaching guides, and other educational materials.
If you have the necessary qualifications and experience, you might be able earn up to $50 per hour.