Have you been hearing a lot about “side hustles” lately? Are you intrigued by the idea of making more money? That’s good, because earning more money is one of the best ways to pay off debt fast. Now if you only had a few simple side hustle ideas to try.
Doing extra work outside of your traditional job can seem tough. Maybe you don’t have a ton of time, or are unsure where to start. Don’t get stuck in analysis paralysis – if you want to make some extra money, we’ve compiled five side hustle ideas you can easily start tomorrow.
Super simple side hustle ideas
Side hustle idea #1: Sell water bottles at events
If you were a sidewalk entrepreneur as a kid, selling lemonade on the street, this side hustle is for you. You can make extra money by selling water bottles at events, such as sporting games and concerts.
Here’s how it works: go to a store like Costco or Smart & Final and buy water bottles in bulk. If those stores aren’t around you, a standard grocery store will do.
Next, calculate the price per bottle in that case. For example, you can buy a case of water bottles (24 total) at Sam’s Club for $5.88. That comes out to about $0.25 per bottle.
Then find out what big events are happening in your area. Maybe there’s a big game coming to town or a popular band coming to play.
A couple of hours before the event and a few blocks away from the entrance, sell the water bottles at a premium. If each water bottle costs you $0.25, you can charge $1.00 or $2.00 per bottle and make a 400-800 percent profit.
This strategy works well because everyone knows buying water inside a stadium or concert venue is practically legal robbery. I’ve seen prices between $3 and $6 for a bottle of water at events. Selling water bottles on the street on the night of an event still makes you the more affordable option and you can easily make a profit. Even better, you don’t need any special skills to do it.
Side hustle idea #2: Busk
Do you have a special talent or skill? Get out in public and busk. A busker is someone who entertains people in public in exchange for donations. If you’ve ever traveled to New York City, you’re familiar with the concept of busking.
And some people can make good money at it. According to an article in The New Yorker, one subway busker who makes his living as a musician earns $30 to $50 per hour.
So if you’re a musician, dancer, or poet, get out on the streets and share your gift with the world. And if you’re not an artist, don’t fret. Pick your favorite poem and read it out loud. You can be like the late “Bushman” of San Francisco. Do the Macarena. Be ridiculous. One of the biggest fallacies is that you have to be talented to make money performing. In reality, you just have to be entertaining.
You can get started busking now, but just be aware that each city may have different laws surrounding the practice. Find out if you need a permit to busk in public. In general, your level of risk depends on timing and location.
Side hustle idea #3: Sell your vintage/designer clothes
When I was 18, I went through a phase where I only wore vintage clothing. Every day, I was a different character from another era. While it was fun for a while, I got over it and was left with all of the clothes.
If you have vintage or designer clothes that you no longer wear, you can resell them and get some cash.
You can use sites such as Poshmark, Tradesey, Ebay Valet, or ThreadUp. You can also check out stores like Buffalo Exchange and Crossroads, which will pay or offer store credit in exchange for clothing items their clientele want. It’s a great way to clear out your closet and make some extra cash to pay down debt.
Side hustle idea #4: Go dumpster diving
Have you ever seen “trash” out on the sidewalk and thought “This is in perfectly good condition! Why would someone throw this out?” But … you kept walking by? Next time you see something on the sidewalk for free, you may want to pick it up.
I have a friend who picks up old furniture that’s left on the streets after people move and resells the pieces on Craigslist or eBay. He’s making 100 percent profit by selling something he got for free.
Of course, the condition of the item is important and not everything you find is worth selling or picking up. You don’t want to accidentally take home bed bugs or some foreign bacteria.
But with a little effort and a thorough inspection and cleaning, you could be making some money.
Side hustle idea #5: Cash in your recyclables
Many of us have a beverage of choice. Whether it’s beer, wine, soda, or LaCroix, many of these beverage containers can be recycled and turned into cold, hard cash.
How many of us just throw out our recyclables? There’s a reason why you see people on the hunt for cans – they’re worth money.
Instead, take your cans and bottles to a nearby recycling center. I recently turned in a few bags of cans and made a quick $40. You won’t get rich, but when you’re in debt, anything can help your bottom line.
And if you’re spending money on a beverage that is recyclable, why not get a return on your investment?
Making extra money by side hustling might seem like a lot of work at first, but it doesn’t have to be. With these five side hustle ideas, you can get started tomorrow with little-to-no investment.
Interested in refinancing student loans?Here are the top 6 lenders of 2018!
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1 Important Disclosures for Earnest.
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants will qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest fixed rate loan rates range from 3.89% APR (with Auto Pay) to 6.97% APR (with Auto Pay). Variable rate loan rates range from 2.47% APR (with Auto Pay) to 6.23% APR (with Auto Pay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms 10 years or less. For loan terms of 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 1.82% and 5.50% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of Month/Day/Year, and are subject to change based on market conditions and borrower eligibility.
Auto Pay discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 08/21/18. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice. Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 302 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, email us at email@example.com, or call 888-601-2801 for more information on ourstudent loan refinance product.
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2 Important Disclosures for Laurel Road.
Laurel Road Disclosures
Savings example: average savings calculated based on single loans refinanced from 9/2013 to 12/2017 where borrowers’ previous rates were disclosed. Assumes same loan terms for previous and refinanced loans, and payments made to maturity with no prepayments. Actual savings for individual loans vary based on loan balance, interest rates, and other factors.
Application detail: 5 minutes indicates typical time it takes to complete application with applicant information readily available. It does not include time taken to provide underwriting decision or funding of the loan.
Instant rates mean a delivery of personalized rates for those individuals who provide sufficient information to return a rate. For instant rates a soft credit pull will be conducted, which will not affect your credit score. To proceed with an application, a hard credit pull will be required, which may affect your credit score.
Total savings calculated by aggregating individual average savings across total borrower population from 9/2013 to 12/2017. Individual average savings calculation based on single loans refinanced from 9/2013 to 12/2017 where borrowers’ previous rates were provided. Assumes same loan terms for previous and refinanced loans, and payments made to maturity with no prepayments. Actual savings for individual loans vary based on loan balance, interest rates, and other factors.
3 Important Disclosures for SoFi.
4 Important Disclosures for LendKey.
Refinancing via LendKey.com is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via LendKey.com. If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. Lenders participating on LendKey.com reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it endorse, any educational institution.
5 Important Disclosures for CommonBond.
6 Important Disclosures for Citizens Bank.
Citizens Bank Disclosures
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|2.47% – 6.23%1||Undergrad & Graduate||Visit Earnest|
|2.47% – 8.03%4||Undergrad & Graduate||Visit Lendkey|
|2.95% – 6.37%2||Undergrad & Graduate||Visit Laurel Road|
|2.48% – 6.25%5||Undergrad & Graduate||Visit CommonBond|
|2.72% – 8.32%6||Undergrad & Graduate||Visit Citizens|