Does your cash flow need a booster shot? Don’t fall for get rich quick scams or wait a year for points to turn into cash. There are faster and more logical ways to earn side income.
Whether you want to make a little extra, save more or improve your quality of life, there are many innovative ways to earn more money in 2018. These ideas don’t require much effort, but will give you the cash influx you need to make it through any bumpy spots in the upcoming year.
- Open a Second Bank Account
Earn a few hundred dollars simply by opening a second bank account. Amounts differ depending on the bank, but details, eligibility and deadlines are important to note, especially for the end of the year.
There are many benefits to having a second account! You have another account to spend or save for a specific need. This account could be for entertainment only spending, to save for a vacation or for a rainy day fund.
- Refer a Friend to Open an Account at Your Bank
If you never go into your bank for service, you may want to start now. Check with your local bank to see if they’re offering a cash incentive for those who refer someone to open an account. Some restrictions may apply, but you could get $25, 100 or $200 just for referring a friend to open a personal or business account at your bank.
- Become a Fitness Instructor
You don’t need a college degree to become a fitness instructor at a gym. You should be in shape, be passionate about leading a healthy lifestyle and have the credentials to back up the experience you’re offering. You’ll want to have completed several classes with the proper certification in yoga, for example.
As of 2016, the average hourly wage is $19.53 for fitness instructors. Many instructors teach at several gyms, clubs and make appearances at corporations for special classes to earn regular income.
- Offer pet Services
Earn extra money by offering pet sitting, walking or boarding services. Charge on a 15 to 30 minute basis or per hour, and you could earn around $10 to $20 an hour. You may also charge for trips to the vet, shopping and boarding.
Post flyers in coffee shops and join online sites that offer pet care services to increase your visibility and earning potential, such as Fetch! Pet Care, Care or DogVacay. As your business develops, so will your services.
Whether you tutor on a college campus, at home or at a coffee shop, the extra money you make from this side gig adds up. Private tutoring pay rates depend largely on your skill set and certification. If you’re an honor role student tutoring another student, you could earn $10 to $15 per hour. If you’re a certified teacher, you may charge up to $75 per hour with experience, especially if you’re qualified to work with students with special needs.
- Test Scoring
Do you have a bachelor’s degree or higher? You may qualify to score tests professionally! Readers work full time, part time and seasonally, frequently during the summer. Some companies have remote work options, but may require on-site training.
Readers apply differing state scoring criteria as they analyze student test responses for math and reading for middle and high school students. They also receive other subjects or grade levels, depending on the company.
Test scorers work for companies such as Pearson, Educational Testing Service (ETS) or Questar and may earn around $10-$15 per hour on average. There are also scoring companies that only recruit locally and focus on certain regions. u qualified to work with students with special needs. you'. Tutorinng redentials to back up the experience yo
- Be a Freelancer
For families who are location limited or must stay at home, such a military spouse or someone with a disability, freelancing may be the best option. Roughly 34 percent of the American workforce are freelancers, and many set their own rates.
If you’re a great illustrator, designer, writer, composer or transcriber, cash into that skill. Is there a niche a skill of yours could fill? Post about your services in relevant online groups and locally in magazines or on community boards.
- Rent a Space in Your Home
Do stranger’s stories intrigue you? Do you want to help singles, couples and families travel more affordably? Need someone to split the household bills with?
Rent a space in your home to a new roommate or a traveler. Sites like Airbnb allow you to rent a room or your entire home out on a temporary basis. Are you strategically located near a tourist hotspot? Do people who travel for business often stay in your city? Cash in on travel needs!
- Run a Stand at the Farmers’ Market
Do people envy your jam, produce and crafts? It’s time that you set out to share your talents with the world at your local farmers market. Many markets run their own website and you can contact them for vendor application information. The organizer will also be helpful to those just starting out.
Find out if you need any particular labeling or certifications to vend at a farmers’ market. If you make food or bath products from home, your business will likely need inspected by a county health board. Becoming a vendor at the farmers’ market is a great way to earn extra income off what you love to do anyway.
- Earn Money Driving Others or let Them Drive Your Car
Earn extra money by driving others around in your own vehicle. App “taxi” services like Uber and Lyft allow you to apply to be a contractor, and use their app to drive others around while earning money.
List your car for rent on services like Turo, and possibly earn thousands depending on the market value of your car, days rented and the demand. Also, contact your auto insurance company to learn if a business use would apply to your personal auto insurance policy.
- Complete Market Research Surveys and Focus Groups Locally
There are legitimate online surveys, and there are some that are scams. It’s hard to tell the differences, sometimes. When they are legitimate, it takes a long time to cash out points for real money.
Forget online survey companies and locate local market research companies. You’re able to verify their credentials through an online search to look for a real web address, a physical address and a registration with the Better Business Bureau.
Complete market research surveys and participate in focus groups locally. These research companies place calls on their own websites, through social media and sites such as Craigslist. Search for area companies, and call them up to see if you qualify. Review grocery stores. Participate in mock shopping sprees to review a rebranding effort. Earn gift cards and cash incentives that could range from $50 to $100.
There are many tried and true ways to make money on the side, and these ways change with time as more companies move online and use apps. With a little ingenuity and determination, you will find your niche to make extra money and help others, too!