Before I landed my job with Student Loan Hero, I worked for a huge Fortune 500 company. I earned a high salary, but there was a trade-off: persistent rumors about layoffs. I was constantly worried about losing my job and being unable to make ends meet. I often couldn’t sleep because I was so anxious about money.
I researched ways to boost my income through side gigs. However, my job was demanding, so I didn’t have much time to dedicate to side hustles. I needed to find ways to earn money with just a few hours’ effort.
I’ve tried many side gigs, but these are the best I’ve found that require only a small time commitment to reap serious profits.
7 low-effort side hustles
If you’re short on time, it’s smart to focus your efforts on side gigs that can be completed in small chunks and pay high rates. The seven gigs below pay at least $250 per month and don’t require tons of work.
1. Sell your photos
One of my favorite side gigs is selling photos online. I’m not a particularly good photographer, and I use only my smartphone, but I can make $250 per month by selling my pictures.
Selling photos can be an excellent source of passive income. You can upload your photos in just a few minutes, and those photos can earn you money for months.
You can make $5 for each photo you sell on Foap, and you can sell each photo multiple times.
2. Use affiliate links
If you use social media, you can make extra money with affiliate links by signing up for a program such as Amazon Associates. If there’s a product you like and recommend, you can post a link to it on your website, blog, or social media accounts. If a friend or follower makes a qualifying purchase through the link, you earn a commission.
On average, I earn about $250 per month with affiliate links. I spend only about five hours a month posting links, so it breaks down to an hourly wage of $50. Beyond Amazon Associates, you also can use ShareASale and ClickBank to earn money.
3. Sell unwanted items
I’m in the process of moving, so I’m frantically trying to earn money and declutter at the same time. I spent two hours listing unwanted furniture and kitchen supplies on Facebook Marketplace in my town. Within 48 hours, I’d made over $300.
I’m not alone. Most people have lots of unused clothes, accessories, furniture, or collectibles. Even your old textbooks could be worth money. Thanks to smartphones, you can sell your items online without ever leaving your couch on sites such as Facebook, eBay, Poshmark, and Letgo.
4. Rent out your spare space
If you have a spare bedroom, closet, or parking space, you can earn money by renting it out. It can be a great source of passive income; you can earn hundreds of dollars a month without doing anything at all.
If you’re open to having guests in your home, list a bedroom on a site such as Airbnb or VRBO. You can rent out a parking space on JustPark. And if you have spare storage space, such as a closet or garage, you can list it on StoreAtMyHouse.
5. Let strangers borrow your car
If you don’t need your car every day, you can make a lot of money by renting it out. According to Turo, which connects car owners with renters, the average car owner earns over $700 per month through the site.
Through Turo, you can list your car and set a daily rental price. You can rent out your car by the day, week, or even month.
6. Sign up for Fulfillment by Amazon
This side hustle requires some work upfront but can turn into a powerful source of passive income. Through Fulfillment by Amazon (FBA), you become an Amazon seller — and tap into Amazon’s powerful customer base and marketing strategy — but Amazon handles the shipping for you.
With FBA, you (the seller) buy a product from a wholesaler or retailer to sell. Instead of having to manage and ship orders yourself, you ship the inventory to Amazon. Amazon stores it for you, and when orders come in, it packages the items and ships them to your customers.
It can be a lucrative side hustle. Some sellers make up to $1,000 per month through FBA. You can sign up for FBA online.
7. Become a Postmates courier
If you have just small blocks of time to make money, one side hustle to consider is Postmates. With Postmates, you can make up to $25 per hour runnings errands. Since many orders are for food or small items, such as phone chargers, you can complete an order and earn cash in less than an hour.
Earning money in your free time
If you have some free time in your schedule, you can earn several hundred dollars each month by picking up a side hustle. You can use your earnings to pay down debt, build up your savings, or splurge on a trip abroad.
For more ideas on how to make extra money, here are our top picks for side hustle opportunities.
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|* The Sallie Mae partner referenced is not the creditor for these loans and is compensated by Sallie Mae for the referral of Smart Option Student Loan customers.
1 Important Disclosures for College Ave.
College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or M.Y. Safra Bank, FSB, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
(1)All rates shown include the auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
(2)This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with a 10-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 8.35% fixed Annual Percentage Rate (“APR”): 120 monthly payments of $179.18 while in the repayment period, for a total amount of payments of $21,501.54. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
(3)As certified by your school and less any other financial aid you might receive. Minimum $1,000.
Information advertised valid as of 11/4/2019. Variable interest rates may increase after consummation.
2 Sallie Mae Disclaimer: Click here for important information. Terms, conditions and limitations apply.
3 Important Disclosures for Discover.
Discover's lowest rates shown are for the undergraduate loan and include an interest-only repayment discount and a 0.25% interest rate reduction while enrolled in automatic payments.
4 Important Disclosures for CommonBond.
Offered terms are subject to change and state law restrictions. Loans are offered through CommonBond Lending, LLC (NMLS #1175900).
5 Important Disclosures for Citizens.
Undergraduate Rate Disclosure: Variable rate, based on the one-month London Interbank Offered Rate (“LIBOR”) published in The Wall Street Journal on the twenty-fifth day, or the next business day, of the preceding calendar month. As of December 1, 2019, the one-month LIBOR rate is 1.70%. Variable interest rates range from 2.80% – 11.06% (2.80% – 10.91% APR) and will fluctuate over the term of the loan with changes in the LIBOR rate, and will vary based on applicable terms, level of degree earned and presence of a co-signer. Fixed interest rates range from 4.72% – 12.19% (4.72% – 12.04% APR) based on applicable terms, level of degree earned and presence of a co-signer. Lowest rates shown requires application with a co-signer, are for eligible applicants, require a 5-year repayment term, borrower making scheduled payments while in school and include our Loyalty and Automatic Payment discounts of 0.25 percentage points each, as outlined in the Loyalty Discount and Automatic Payment Discount disclosures. Subject to additional terms and conditions, and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change. Please note: Due to federal regulations, Citizens Bank is required to provide every potential borrower with disclosure information before they apply for a private student loan. The borrower will be presented with an Application Disclosure and an Approval Disclosure within the application process before they accept the terms and conditions of the loan.
Please Note: International Students are not eligible for the multi-year approval feature.
|2.84% – 10.97%1||Undergraduate, Graduate, and Parents|
|2.87% – 10.75%*,2||Undergraduate and Graduate|
|2.80% – 11.37%3||Undergraduate and Graduate|
|3.52% – 9.50%4||Undergraduate and Graduate|
|2.80% – 11.06%5||Undergraduate and Graduate|