Are you having trouble keeping your business afloat? If you are like so many people today who need a little extra money, you’re in luck because this article is full of money-making opportunities. This article will give you ideas on how to make money from home. We will also go over the tax implications of having a side hustle.
A side hustle is a great way to make that extra money you need. You can make additional money reselling items, creating and selling homemade products, offering in-person services, taking advantage of online money-making ideas, or becoming a writer.
What do you need to get started?
If you plan to resell items, you will need to have gently used or new products that you can sell like electronic devices, clothing items and accessories, books, movies, smartphones, furniture, and more.
People will buy just about anything; you just have to learn how to price items fairly and take good pics. It’s also important to understand how to communicate effectively with others and arrange for pick up or delivery properly.
NBC News wrote a great how-to article on the best way to sell your unwanted items. Check out their article here.
Selling Homemade Items
For your homemade items, you just need the proper motivation, talent, creativity, and materials to make products from home. After that, you need to understand how and where to sell your homemade items.
Learn how to best sell your homemade items following this guide by Folksy, which teaches readers the 7 steps to begin selling crafts online.
Make Money at In-Person Services
For some of the in-person services list in this article, you will need to understand how to perform the service well. If you have a nice, clean vehicle and a stellar driving record, driving people around can bring in some serious dough. Also, you can deliver food in your car for money.
For in-person services, it really depends on the side hustle that you choose. You may need to take a few classes at a local university to become qualified to do the service or take free online courses to learn the business.
Take Advantage of Online Opportunities
For the online opportunities, you typically online need a personal computer or laptop or have access to a smartphone where you can download an app. It just takes a little time and effort, but if you’re motivated enough, you can successfully perform the online ways to make a little extra cash on the side.
For more information on the kinds of skills that you may want to develop to perform online services, check out this article by Entrepreneur.
Become a Writer
Finally, to become a writer, it just takes a little bit of motivation and talent. You don’t have to be an award-winning author to make additional money writing. Get started by signing up for one of the platforms listed below. Then, build your profile and portfolio up.
Search for proposals that meet what you’re looking for. You can also enter contests by submitting stories or poems. You can even win bids with greeting card manufacturers like Hallmark and Blue Mountain. For a complete guide of companies that hire poets to write greeting cards, check out this article.
If you don’t have a portfolio, experience, or just don’t know how to get started, check out HubPages. It’s a forum that pays you for writing whatever you want (within specific guidelines).
There are experienced, published authors on HubPages who are more than happy to help you become the best writer you can be.
For Any Money-Making Opportunity
Just start small to reach whatever goals you have. If you are looking to make some extra money fast, check out the online options below. They are quick and easy ways to make a little side cash. If you are truly struggling and need cash now, you may want to consider hitting the pawnshop or giving blood.
Are you a Marie Kondo fan? She’s all about minimalism. This means cleaning out your home and getting rid of things that you don’t love or use. If you have things that you can sell or are interested in buying and selling items, one of these places may work well for you.
- Facebook Marketplace
- Amazon Trade-in
- Antique Shops
- State Fair
- Garage Sale
- Craft Fairs
Are you a crafty person? Can you design crochet patterns, or do you knit scarves? If you love making things, are creative, and motivated to sell the things you make, you may want to sell your homemade goods using one of these websites.
- Amazon Homemade
Are you looking for the perfect side hustle idea that you can do? Consider offering one of these services. You can make a lot of money, just doing something part-time. These ideas will give you some ways to make the extra money you need or want.
- Mystery shopping
- Pet grooming
- Being a personal trainer (FitnessTrainer)
- Become an advertiser with your car (Carvertise)
- Yard work and gardening
- Participate in medical studies
- Music teacher
- Food Delivery (Doordash)
- Babysitting (Care)
- Personal shopping
- Dog walking (Rover)
- House sitting
- Cleaning houses
- Personal organizing
- Renting your home out (AirBnB)
- Event planning
- Personal chef
- Decorate homes for the holidays
- Rideshare (Uber/Lyft)
- Pick up groceries (Postmates)
- Home health care
- Clean and detail cars
- Rent your car out
There are plenty of side hustle jobs you can find online. Consider freelancing or creating an app. There are just tons of ideas you can use to start earning cash on the side.
Unless you’re really committed, you won’t become a millionaire this way. Still, you can make enough side cash to have some extra spending money.
- Create a YouTube Channel
- Design logos
- Social media marketing
- Get checks for shopping (Rakuten)
- Use your Capital One card to shop (Paribus)
- Participate in medical studies (M3 Global Research)
- Create an app
- Make an audiobook
- Become an Instagram influencer
- Watch ads (Slidejoy)
- Be an affiliate
- User testing (UserTesting)
- Watch entertaining videos (iRazoo)
- Listen to Music on your phone (Viggle)
- Sell gift cards (Cardpool)
- Watch YouTube Videos (Paid2YouTube)
- Get a gig (Fiverr)
- Teach an online class (uDemy)
- Sell used electronics (Swappa)
- Sell your photos (Shutterstock)
- Do random Internet searches
- Offer web and graphic design services
- Develop new software
- Start an eCommerce business
- Become a SEO (search engine optimization) specialist
- Take surveys (Swagbucks)
- Become an expert online (JustAnswer)
- Watching videos online (InboxDollars)
- Play free scratch-off tickets (Lucktastic)
- Surfing the Internet
- Data entry (The Smart Crowd)
- Get rebates after grocery shopping (iBotta)
- Sell your old clothes and accessories free (Letgo)
- Invest (Stash)
- Play popular games on your smartphone (Mistplay)
- Get paid to lose weight (HealthyWage)
- Review music
- Tutoring (ArborBridge)
- Virtual call center agent
- Translator (People Per Hour)
- Become an online juror (eJury)
- Become a market research participant (Focusgroup)
- Do Calligraphy (Etsy)
- Do Voice-overs (Voices.com)
- Get rewards for your grocery receipts (Fetch Rewards)
- Help people with chores/favors locally (Task Rabbit)
- Do micro gigs (Amazon Mechanical Turk)
- Create a vlog
- Conduct a webinar (WebinarJam)
- Click funnels
- Create or edit resumes
Become a Writer
Writing is no longer restricted to those who are creative; anyone can create a blog or website. It just takes a little motivation. If you want to be a writer, start small and work your way up to the big league.
- Write articles
- Write a novel
- Write short stories
- Enter writing contests
- Do freelance writing
- Write poetry
- Start a blog
- Write eBooks
Want more freelancing opportunities?
To get started writing, check out these platforms:
Check out these resources for writers:
Tax Implications of Making Extra Money
If you make over $400 with your side hustle, you will need to include this income on your tax return. You are required to pay self-employment and income tax for your side hustle, so set some money aside (approximately 30% of your earnings) for taxes.
This way, you don’t receive an unexpected tax bill. If you think you may have to pay more than $1,000 in taxes, you might need to pay estimated quarterly taxes.
If you are looking to make money by working from home, one of these side hustle ideas should do the trick. Don’t forget to set aside some money for taxes, though.
Since you are practicing self-employment, your taxes won’t automatically be taken out of your earnings. That means it’s up to you to keep track of everything.
For more ideas and ways to make extra money with a side hustle, check out this guide that will help you be a successful side hustler.
Do you need help with your new side business? Would you like a consultation with Indiana’s tax expert, so you can discuss the tax implications you may face with a side hustle? Borshoff Consulting can help you! Just get in touch with us, and we’ll happily help you with your business needs.