The best side hustles are easy to start and pay enough to offset your costs and time. But not everyone seeking extra income has the cash to invest in a side business. Plus, your return on investment will be higher if you spend less to get your side gig up and running.
If you’re interested in generating a new income stream, you don’t have to spend money to do so. Take an inventory of the resources, skills, and equipment you have on hand and consider how you can use them. Then try any of these eight side hustle ideas that don’t cost anything to start.
1. Part-time worker
One of the most obvious ways to earn extra income without investing your own funds is to get a second job. An ideal side gig will be a part-time position with high pay and flexible hours.
When choosing a second job, consider one that’s different from your day job to avoid getting burned out. If you want something that provides more than an hourly wage, find a job with the opportunity to earn tips such as waiting tables, bartending, or valet parking.
Tutors are in high demand among parents and students alike. If you’re knowledgeable in certain subjects, turn your know-how into a side gig by offering to tutor students.
3. Class instructor
You could earn more by teaching multiple people at the same time. Instead of charging one person for an hour of tutoring, you could charge several people to teach an hour-long class.
Consider the skills you have that you’d love to teach and share with others. Options include teaching a fitness class, offering an introductory course for a musical instrument, or leading a webinar on valuable career skills.
4. Pet walker or sitter
If you’re an animal lover who’s comfortable caring for various pets, consider pet walking or pet sitting. Many pet owners would be willing to pay well to make sure their cat or dog is being looked after by someone reliable.
Often, you can take care of a pet at the owner’s home. Most pet owners will provide all food, gear, and other items needed to care for their pets.
5. Personal coach
If you’re an expert in a practical or life skill, consider coaching. Options include being a career coach, fitness coach, or life coach.
To start coaching, figure out your area of expertise and how you can use this knowledge to help others. Then, start building a clientele base to work one-on-one to help people achieve their goals.
6. Resume writer
Looking for a job can be a high-stakes, high-stress situation, and many people will pay for help in getting a leg up on their competition. If you have a background in recruiting, hiring, or writing, consider a side gig in writing resumes for others.
Resume writers often charge about $100 to $150 for basic resumes. You can earn more as you prove yourself and build your clientele. You can easily offer other services, too, including writing cover letters or helping people prepare for job interviews.
7. Home maintenance worker
Is there a home care or maintenance task you excel at or love doing? Maybe you find lawn mowing to be relaxing and meditative, or you love the thrill of overhauling and organizing a closet.
Consider offering to do these tasks for other people as a way to earn extra cash. Some busy homeowners will hire others to do yard care, home cleaning, window washing, repairs, organization, and more. Try finding work through local listing sites such as Craigslist or offer your services online with Handy, which helps users find workers. Make sure you or the person hiring you has the tools necessary to complete the job.
8. Rent your stuff
Lending your stuff for a fee is an easy way to earn more using something you already own. You can use Turo to let people rent your car, for example. Or you can rent out your unused parking spot through websites such as Pavemint.
“People with parking near an airport, college campus, popular venue, or in any hard-to-park area can list their space on our platform and start making money from their unused bit of concrete,” said Maggie Boles, the communications lead for Pavemint. “All a person needs to become a Pavemint host is a computer or smartphone and about 15 minutes to set up their listing.”
As you consider different side hustles, it’s important to compare your options and find one that’s a good match for your resources. You’ll want to choose an opportunity for which you have some knowledge, skills, and the proper equipment to get going.
Interested in a personal loan?Here are the top personal loan lenders of 2018!
|Lender||APR Range||Loan Amount|
|1 Includes AutoPay discount. Important Disclosures for SoFi.
2 Includes AutoPay discount. Important Disclosures for Payoff.
3 Important Disclosures for FreedomPlus.
4 Important Disclosures for Citizens Bank.
Citizens Bank Disclosures
5 Important Disclosures for LendingPoint.
6 Important Disclosures for LendingClub.
All loans made by WebBank, Member FDIC. Your actual rate depends upon credit score, loan amount, loan term, and credit usage & history. The APR ranges from 6.16% to 35.89%. For example, you could receive a loan of $6,000 with an interest rate of 7.99% and a 5.00% origination fee of $300 for an APR of 11.51%. In this example, you will receive $5,700 and will make 36 monthly payments of $187.99. The total amount repayable will be $6,767.64. Your APR will be determined based on your credit at time of application. The origination fee ranges from 1% to 6% and the average origination fee is 5.49% as of Q1 2017. There is no down payment and there is never a prepayment penalty. Closing of your loan is contingent upon your agreement of all the required agreements and disclosures on the www.lendingclub.com website. All loans via LendingClub have a minimum repayment term of 36 months or longer.
7 Important Disclosures for Earnest.
8 Important Disclosures for Avant.
* The actual rate and loan amount that a customer qualifies for may vary based on credit determination and other factors. Funds are generally deposited via ACH for delivery next business day if approved by 4:30pm CT Monday-Friday. Avant branded credit products are issued by WebBank, member FDIC.
** Example: A $5,700 loan with an administration fee of 4.75% and an amount financed of $5,429.25, repayable in 36 monthly installments, would have an APR of 29.95% and monthly payments of $230.33
* Important Disclosures for Upgrade Bank.
Upgrade Bank Disclosures
** Accept your loan offer and your funds will be sent to your bank via ACH within one (1) business day of clearing necessary verifications. Availability of the funds is dependent on how quickly your bank processes this transaction. From the time of approval, funds should be available within four (4) business days.
|7.73% – 29.99%||$1,000 - $50,000||Visit Upstart|
|6.26% – 14.87%1||$5,000 - $100,000||Visit SoFi|
|6.99% – 35.97%*||$1,000 - $50,000||Visit Upgrade|
|8.00% – 25.00%2||$5,000 - $35,000||Visit Payoff|
|4.99% – 29.99%3||$10,000 - $35,000||Visit FreedomPlus|
|5.99% – 18.99%4||$5,000 - $50,000||Visit Citizens|
|15.49% – 34.49%5||$2,000 - $25,000||Visit LendingPoint|
|6.16% – 35.89%6||$1,000 - $40,000||Visit LendingClub|
|6.99% – 18.24%7||$5,000 - $75,000||Visit Earnest|
|9.95% – 35.99%8||$2,000 - $35,000||Visit Avant|