Do you enjoy fast food or going into retail shops? Many companies hire mystery shoppers to test the customer service of their stores. A common one is Subway, which hires mystery shoppers to ensure that "Sandwich Artists" are following all the franchise guidelines. If you have time and can travel to different places, this could be a good side hustle.
Here’s how we suggest using Public: Download the free app, and deposit money into the account weekly (or whatever works for your situation). This could be $5 or $50 — your call. Then, invest the money in slices. Whatever you don’t invest will sit in your Public account and earn 2.5% interest on balances up to $10,000. That’s way more than many savings accounts.
In my (unpopular) opinion, getting a raise is harder than getting a promotion. Think about it from your boss’s perspective, would you rather a) pay more money for the same service, or b) pay more money for additional responsibilities. Alas, if you feel you’re overdue a raise, check out Dr. Randall Hansen’s article on Getting the Raise You Deserve. There are some really useful strategies there.
If you have a fondness and talent for taking pictures you can make extra money online by becoming a stock photographer and selling your images to a stock photo company like ShutterStock or iStockPhoto. You’ll get royalties every time someone licenses an image you’ve submitted. To really be successful, build your own photography website to be able to showcase your portfolio and start getting higher-paid private corporate work.
Real estate can be a very profitable investment opportunity, but many people don’t know how or where to start. It’s also common for aspiring real estate investors to be scared off of the idea because of the upfront capital requirements. While it’s true that you do need some money to make money from real estate, technology has made it easier for investors to get up and running without much startup capital.
Who knew you could be paid to listen to music? Slicethepie is the largest paid review site on the internet that pays you to listen to music and write detailed reviews. How much you'll earn per review varies by the quality of your review. A.k.a. the more detailed and constructive, the better. The minimum payment is $10, so once you've reviewed enough songs to earn at least $10, your money will be sent to you via a direct payments on PayPal.
Research Pricing (And Set Fair Starting Prices): Before setting prices for each item, research your local Craigslist website and (if possible) nearby yard sales to get a sense of how to price them. Remember that many buyers will try to haggle – so set prices a bit higher than your bottom dollar, but not so high that you’ll scare off first bids. 10% to 15% is a good rule of thumb. Consider bunching low-value items, such as old CDs, into lots of five or 10, or offer x-for-$y deals.
That means that if you have extra money just sitting idle, either in a checking account or a low yield savings account, you might be better suited to put those funds into something that can grow faster. Depending on your age and how much risk you are willing to take with your investments, you should be netting around 7% growth per year with a balanced portfolio. Of course, there will be ebbs and flows (and you won’t make money every day), but investing over the long term is one of the best ways to build long-term wealth.
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Side hustles or “side gigs” are especially popular among millennials who have latched onto the flexibility associated with setting your own hours and not having to work for someone else. Further adding to the appeal is the fact that they’re often location independent ways to make money…meaning gone are the days of getting up and actually going to work.
This can be just a simple side hustle, or it can turn into something really special; it’s up to you. I’m a huge fan of blogging because I love writing and connecting with people all over the world. It’s a tough but exciting journey; one that took us from making $0 for over 18 months, to earning over $175,000 per month from our blog less than 2 years later.