It’s the first day of the month, your salary is deposited, and you rush to a nearby mall to buy groceries and other essential items.
Sure, the money you earn by working nine-to-five helps you make ends meet. But how do you buy the Prada bag you’ve been eyeing for months with a regular paycheck?
At some point, you may think of quitting and starting a business that would help you earn six figures every month. But trust us, a nine-to-five job isn’t bad; in fact, you have a work-life balance and enjoy paid parental leaves, vacations, and whatnot.
Here’s a solution– consider starting a side hustle to earn passive income, so you can give yourself all that you want!
Whether you need money to go on a short vacation or shop for your favorite clothes from Zara, there are numerous side gigs that can help you earn extra money. So, let’s check them out!
How To Make 5K A Week In Different Ways In 2023
1. Earn Money Online By Starting A Blog
Revenue potential– earn between $20,000 and $50,000 if you monetize your blog.
Who doesn’t have a laptop or computer at home? Almost everyone!
One of the best ways to make money online is by starting a blog– you’ll be surprised by the amount you’ll earn every week. Though low investment, blogging would prove lucrative only if you have a knack for writing.
One perk of being a blogger is that you get the freedom to write in any niche you’re passionate about– be it education, sales, marketing, food, lifestyle ideas, fashion…practically anything under the sun. Whichever niche you choose, make sure you enjoy it so that the same passion reflects in the work you do.
Researching well before starting a blog will give you an idea of the topics your target audience will likely be interested in. And if you wish to make more money than your competitors, it’s best to write on topics that are less discussed.
Now let’s get to monetization– supposedly, you live in New York and know the nooks and crannies of the city. As such, creating a blog on the “best places to visit in New York” will be the best way to make money as a blogger.
After a while, when your blog has managed to garner a good number of visitors monthly, you can offer ad placements to businesses on your site. In order to do so, you’ll have to get in touch with local businesses such as bakeries, hotels, and so on.
Another thing you need to keep in mind is that only SEO-optimized content is ranked high on the search engine results page (SERPs). Aimless writing is not going to take you anywhere, which is why you need to focus on keywords for great results.
2. Sell Online Courses
Revenue potential– earn up to $50,000 per month
Is there any topic or subject that you’re knowledgeable about? Instead of keeping your knowledge to yourself, you can share it with others and make money online.
Let’s take an example– you are an expert web developer who knows the secrets to create an appealing website. Your knowledge of web development can prove helpful for newbies who are struggling to grab clients from the market.
Before you start selling your course online, you’ll have to gather all the knowledge and structure it properly so that course members won’t struggle to understand. To sell online courses, you need not follow any prescribed structure; in fact, you get the freedom to organize the content of the course in a fun and engaging manner.
There are several ways in which you can sell your courses. Like, you can create your own website and talk about the course you wish to sell in an engaging manner to attract as many visitors as possible. After some time, you can reveal the online course you’re planning to sell by offering discounts.
Or, you can create a YouTube channel and talk about web development and showcase some of the websites that you’ve created.
3. Start An Online Business By Setting Up An Etsy Store
Revenue potential– between $43,000 and $46,000 per month
Did you know that Etsy, a trading platform for independent sellers and creators, has had 96.3% active members over the years? Yes, you read it right!
So, if you’re talented enough to make jewelry, resin items, or other handicrafts, starting an online business at Etsy will prove lucrative. Anyone above the age of 18 years can run not one but multiple online businesses on Etsy. However, you need to be sure that whatever you’re planning to sell is allowed at the Etsy online store and payments are available in your country or city.
4. Dropshipping Business
Revenue potential– between $1,000 and $5,000 per month
Wish to earn extra money without making any investment? Starting a dropshipping business would be a perfect way to make money online.
Basically, it’s an online business model where you can sell products to customers by acting as a middleman. It’s the supplier who undertakes the painstaking task of storing, packing, and shipping the product to customers’ doorstep.
You can start a dropshipping business without spending money on renting a warehouse because you need not stock up on products. So, what’s the best way to make money while selling others’ products online– are you wondering the same? Here’s how you can market their products:
- Run Facebook ad campaigns to save money
- Send direct messages to your target audience
- Get in touch with influencers to market products
5. Take Online Surveys
Revenue potential– Up to $150 per month
Don’t mind filling up a few online surveys to earn passive income? If that’s the case, you must look for companies that offer money for filling up surveys.
There are many companies that are interested in knowing consumers’ opinions prior to launching a new product. Interestingly, you’ll earn cash rewards when you sign up on survey sites, which is great.
The amount you make by filling out surveys depends upon the length of the surveys; of course, the more you fill out, the more money you take home– it’s that easy!
Some online survey sites where you can sign up are:
i. Branded Surveys – Has a point redemption system and an easy-to-use dashboard.
ii. Survey Junkie – Allows people above 16 years of age to sign up and earn money in the form of gift cards and cash using a pointing system. iii. Swagbucks – The points you earn by taking surveys, shopping online, or watching videos can be redeemed for cash via PayPal or gift cards.
6. Sell Stock Photos
Revenue potential– Earn between $0.10 and $99.50
Ever heard of selling stock photos? If not, let us tell you that you can earn a decent amount by selling them on stock photo sites.
7. Invest In The Stock Market
Revenue potential – 7 to 10% yearly
Want to save money that you earn through side gigs? Start investing in stocks through which you can earn more money than you’d by selling online.
You can start by investing money in your employer’s stock because that would be a safe option. However, you can invest in the stocks of other companies if you know your way around the stock market.
In case you’re unfamiliar with the stock market, refrain from investing your money without consulting a stockbroker. Websites like TD Ameritrade and E*Trade can help you invest in the right stocks. However, be sure to do your research by checking reviews on third-party sites before choosing any stock broker online.
8. Earn Passive Income By Investing In Real Estate
Revenue potential – Earn up to $500
Real estate investing can yield lots of income, so why not invest your money in properties? Platforms like LEX Markets, you won’t need much money to get started with real estate investments.
What’s more, you’ll be awarded free money like every new investor when you deposit money for the first time. Have doubts? Don’t forget to check its reviews before you deposit money to get a clear picture of its working.
9. Food Delivery Driver
Revenue potential – $25 hourly
Don’t have much money to make investments or much time to start a blog? Taking up the job of a food delivery driver will help you make a good sum of money every month.
As a food delivery driver, your role would be to pick up food from restaurants and deliver them to customers’ doorstep. One such company where you can earn $25 hourly pay is UberEats, which amounts to a yearly income of $5,000, provided you work over four hours weekly.
10. Deliver Groceries To Earn Extra Cash
Revenue potential – $20 hourly
Another side hustle gig that you can consider to make more money is by working as a grocery delivery driver.
Basically, you’ll have to purchase grocery items and deliver them to customers. One such grocery delivery company is Instacart, which pays independent contractors $20 per hour. So, if you work for eight hours a week, you can make around $160.
11. Dog Walker
Revenue potential – $15 an hour
Spending a few hours every day with dogs of different breeds is like a dream come true for every dog lover. So, if that sounds fun and exciting, we are sure you’ll love working as a dog walker.
Most pet owners are willing to pay people as much as $15 per hour for checking and walking their dogs when they are running errands.
While you can sign up as a dog walker on pet-sitting and dog-walking platforms, you won’t earn much money. Therefore, we suggest working with clients directly, so you can earn a good sum every month. You can post about dog walking in social media groups to attract clients from neighborhood areas.
12. Put Up A Garage Sale
Revenue potential – Up to $5,000
If you’re in need of quick cash, putting up a garage sale can help you earn up to $5,000 within a week.
Designer clothes, shoes, jewelry, or electronics– you can put up valuable items on sale and earn a lot of money by selling them. For a successful garage sale, you must spread the word among people well in advance. You can do so by either promoting it on social media platforms or putting up flyers in and around the neighborhood.
A garage sale is only successful when the products and services are reasonably priced. Also, keep enough change so that buyers don’t have trouble when making payments.
13. Become A Virtual Assistant
Revenue potential – $15 to $25 per hour
Whether you’re a student or a stay-at-home mom, you can make between $15 and $25 per hour by working as a virtual assistant.
As a virtual assistant, you’ll have to help clients of companies via emails and calls on your own schedule. The majority of companies hiring virtual assistants offer remote jobs, meaning you can work from anywhere in the world.
Other than a stable internet connection, excellent communication skills are needed to become a virtual assistant. As far as qualifications are concerned, no fancy degree is required for virtual call center agent jobs; you only need to have a high school diploma– that’s it!
14. Rent Things Out
Revenue potential – $500 a day
Have multiple cars or motorcycles that are usually locked in the garage? Then you can earn extra income by renting them out to those in need of them.
Items like cars, lawnmowers, RVs, and trailers can be rented to people for as long as they need them. As such, you can earn about $500 a day for renting things to people, which is a whopping amount!
15. Doing Odd Jobs
Revenue potential – $10 to $20 per hour
Whether you earn $1,000 or $10,000, extra money never hurts– right? So, if you want to earn a few extra dollars every month, start offering services for odd jobs.
Like, if you are a gardening enthusiast who knows how to mow the lawn, start a side gig of helping others with yard work. For this, you’ll be offered an hourly rate between $10 and $20; as such, you can earn up to $100 if you dedicate 10 hours a week– not that bad!
Working directly with clients will help you make money fast rather than looking for odd jobs at different platforms.
Other than lawn-related tasks, you can offer light-hanging services to people in your locality. You can even start a Christmas light installation business and earn six figures once your business takes off.
Have a vehicle and a pressure washer? Now could be the best time to work as a house pressure washer. Basically, you’ll have to clean the porches, decks, driveways, and homes of people as and when required. One good thing about starting a house pressure washer business is that the profits are high, and competition is low.
16. Get Paid To Shop Online
Revenue potential – Up to $100 every month
Making money online while shopping for things sounds like a distant dream. But would you believe us if we told you that there are websites that reward their customers for shopping?
If not, check out Ibotta, which offers cashback to its customers for shopping for clothes, groceries, and other things. To start earning, you’ll have to select the offers you want after downloading the app and screenshot the receipt to earn rewards.
Now, you must be wondering how much money you can make from these websites every month– aren’t you? Ultimately, it depends on the amount you spend and how often you shop for things from these websites.
However, you can earn around $100 every month if you’re a regular shopper.
17. Make Money With Affiliate Marketing
Revenue potential – More than $300 a day
As an affiliate marketer, you can have a reliable income stream if people purchase products or services through your affiliate links.
To start earning with affiliate marketing, you’ll have to do a bit of research by finding brands whose offerings you can promote. Platforms like ShareASale or Impact can be used to find affiliate deals.
After that, create a YouTube channel, social media page, or website to promote merchandise, and you’ll earn a small sum for every purchase made through your links. Oh, and did we mention you can make more than $300 every day through affiliate marketing?
Anyone who’s unhappy with the amount they earn monthly must consider starting a side gig so that they can make more money and lead a life they’ve always dreamt of!
The majority of side hustle opportunities are flexible, so you can work anytime you want– be it morning, evening or night. From working as a grocery delivery driver to starting a blog, there are plenty of ways to earn $5,000.
Remember, whichever side gig you opt for, staying consistent and determined are the only things that will help you surpass your 5k mark.
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