By
James
Updated on
Sometimes, life puts you in such a situation that only a cushioned bundle of extra cash can solve your problems.
You might have to pay your credit card bills for the month, plan a vacation with friends, or your car might break down in the middle of nowhere! The situation may vary from person to person, but having the skill of acquiring 5k within a short period is beneficial.
Many articles on the internet list ways to make extra cash in a brief period. However, truth be told, it takes a lot of work to earn 5k in a day. Some people slog day and night, from 9 to 5, to earn their salaries and then work outside their employment hours to get a few thousand dollars.
But you don’t have to worry. We have come up with many practical ideas through which you can easily earn $5,000 fast. While it’s scary to reach such a huge amount in one day, there are cases when it might take you weeks or even months to make this extra money.
Keep reading to learn how to make extra money through the ways we have explained below. We hope these ideas come in handy and you can earn the required amount quickly without many hassles.
How To Earn Extra Money Fast
Making money online can be an advantage for people looking for gig economy jobs. Whether you want to earn some extra cash through freelancing during your spare time, or selling things you no longer need, we have options for everything.
1. Start A Profitable Blog
Blogging can be considered one of the most convenient ways to make passive income online. You only need a stable internet connection and a laptop or a computer.
To start a blog, you won’t need that much capital initially. All you have to do is spend some time on setting up your blog page, and as it grows, you can start monetizing it to earn money. But keep in mind that you’ll first need to buy a domain name for your blog.
Further, it’s important to know about the trending blog niches that people usually love to read. You can make a good amount of money by choosing the right niche. Meaning, all you need to do is find a profitable niche, research about it, and be ready to write and educate people about it.
Now, here comes the most crucial question: how much money can you earn through blogging? The answer to this question depends on your niche, your audience reach, and the age of your blog. You can easily make thousands of dollars in a month if your niche and target audience fit appropriately.
However, it would help if you remembered that blogging does not always guarantee quick cash. It’ll take you weeks or months to earn thousands of dollars from your blog site. By the time you set up your website, you’ll have built a reliable source of income.
Regardless of all the hurdles, blogging is a fantastic way to earn money, and the sky’s the limit to how much you can make!
2. Work As A Freelancer
You can easily make money through freelance websites like Upwork, Freelancer.com, and Fiverr. Through these websites, clients offer you a wide variety of freelancing jobs like data entry, freelance writing, website designing, graphic designing, virtual assistant, and more.
You can work as a freelancer even when you’re in college to meet expenses or save money. If you charge $25 to $50 per hour, you can easily make $5,000 in 100 hours, which is just 25 hours every week.
Even a working professional can become an online freelancer if they are looking for a source of passive income. Or, simply keep freelancing as a full-time job. Just remember that it takes time to find the right client and work that is suitable for you.
It doesn’t matter which freelance job you’re doing, but you should always check the industry payment standards for that particular job and charge accordingly. It might happen that sometimes you work a lot more than others, but your payment is too less in comparison.
3. Sell Items To Earn Fast Cash
One of the simplest ways to make money is to sell stuff that you no longer require. You can easily sell stock photos, your old vehicle, antique jewelry pieces, gaming systems, musical instruments, paintings, or digital designs to earn up to $5,000 fast.
There are some popular websites that you can consider: local Facebook Marketplace, Poshmark, Depop, OfferUp, SidelineSwap, Mercari, and many more. Either you can opt for these modern online methods or go for a traditional garage sale – the choice is yours. But if you ask us, the former is the more convenient way to go.
4. Deliver Items To Earn Extra Cash
The best way to make money is to deliver items. There are a ton of things that you can deliver and earn money without any hassle, such as delivering groceries, delivering food items, and delivering packages.
Alongside your regular job, you can deliver items to people by signing up to various websites like DoorDash, Instacart, UberEats, Amazon, and more.
Now, one of the most popular delivery jobs is to deliver groceries. But nowadays, you can’t simply pick up the grocery carton and bring it to the customer. For instance, if you sign up for Instacart, you’ll be paid to do the grocery shopping yourself, pack the items and then deliver them to the customer.
One can sign up for food delivery websites like UberEats and GrubHub as well. Some food delivery companies provide you with a vehicle you can use to deliver food. And the best part about these delivery jobs is that you can easily work during your spare time.
You can either work as a part-timer or a full-timer, and you will get paid according to the number of deliveries you make on a particular day. The more the number of deliveries you make, the more your daily or monthly income.
5. Do Odd Jobs To Earn More Money
You can easily do some simple odd jobs to earn the extra income. All you have to do is work a bit hard, and earning $5,000 fast will be relatively easy.
Numerous odd jobs are available in your city, such as cooking, cleaning, landscaping, removing junk, babysitting, caregiving, and many more. All these jobs are straightforward, and you can quickly complete these tasks and get good hourly pay.
You can register on various websites like Craigslist, TaskRabbit, and Zaarly to earn some fast money. You don’t really need to be in a professional field like content writing or web designing to earn money.
Just do your research and ensure you’re comfortable with the work you’re doing.
6. Invest In Commercial Real Estate
In the past, investing in real estate brought people a lot of profit. Though the investment amount was less, the return on investment was high. The surprising fact here is that this holds true even today.
You can easily make money by renting out a particular unit of your home to cover your mortgage costs. This house hack is helpful if you live in a two-storeyed house or a house with a basement. You can easily rent out the basement or the lower floor of the house and obtain a good amount of rent.
However, this method requires you to have a larger house or property you can rent out to tenants. But you should also remember that earning $5000 through renting out properties is easier than other income methods.
If you don’t have a house, you can explore other options like Fundrise. Here you can invest in real estate with a minimal amount of $10.
7. Earn Money Through Affiliate Marketing
In affiliate marketing, you have to promote someone else’s product and sell it. And you’ll receive a commission for every unit you sell. To start affiliate marketing, you’ll first have to find products on various websites that you can promote and sell.
There are numerous websites like Shareasale and Impact through which you can get registered quickly and start your affiliate marketing journey. Once you get the hang of the process, you can create social media sites, websites, or a YouTube channel where you can promote these products.
You can create a stable source of income through affiliate marketing. Online stores like Walmart, Amazon, and Target have specific affiliate programs where you sign up and start promoting their products. You get unique tracking links through which you can persuade a customer to buy a particular product.
When the consumer clicks on the link and makes a purchase, you get a percentage of the profit in your bank account. This doesn’t cost the customer any extra money. The goal of an affiliate marketer is to provide the buyer with the product they are looking for.
8. Earn Through Online Surveys
You can make money by filling in questionnaires on various survey sites. There are numerous companies that pay you in return for your opinions.
The amount of money you will make depends on the number of surveys you take and the length of every survey.
Survey sites won’t make you a millionaire, but spending a few minutes earning some dollars isn’t bad. You don’t have to use much of your brain – most online surveys are easy and can be filled out by anyone.
For instance, a survey site named Survey Junkie pays you somewhere between $0.50 and $1.25. If you complete about ten surveys every day, you can earn a hefty amount of $375 monthly.
9. Take A Personal Loan
Though there are tons of ways to make 5,000 dollars, the easiest way to make money fast is to take a personal loan. You should opt for this solution only during times when you desperately need the money, and no other method seems to work. And before applying for a loan, ensure that the interest rate and terms and conditions are feasible.
Make sure to borrow money from the bank or someone you know. There are numerous reliable loan-giving websites as well, like ZippyLoan and Upgrade, where you can avail of personal loans at very low-interest rates.
But make it a point to pay the monthly installments (including both principal and interest) on time. Otherwise, the amount will keep piling up, making it difficult for you to pay back. This way, you can quickly eliminate all the stress of paying back the $5,000 and you won’t fall into debts.
10. Flip Items To Make Money Fast
In simple words, flipping means holding valuable items for some time before selling them off. Through flipping, you can easily make cash within a very short time. For those who do it intelligently, flipping can become very lucrative.
The flipping business has been considered one of the most popular side hustles for a long time, and the idea behind it is also straightforward. All you need to do is buy popular products and sell them at a profitable price.
You can flip various things, including video games, toys, clothing, jewelry, collectibles, electronics, furniture, website, website domain, cars, and many other valuable items. There are a lot of websites like eBay, Mercari, and Amazon FBA where you sell the stuff and make a profitable income.
If you’re trying to buy something offline, then you might have to visit flea markets, garage sales, and thrift stores. And while the online business of flipping can be a pretty lucrative option, there are risks in carrying it out.
11. Try To Find Seasonal Work
If you’re looking for a seasonal working session to earn $5,000 fast, you can look for various gigs that differ from season to season. You can try working as a lifeguard and retailer or try a hand at snow shoveling, to name a few.
One must apply a month or two before the employers start hiring staff. You can search on websites like Craigslist or local newspaper classifieds to find seasonal gigs available in your city.
12. Become A Tutor
If you have expertise in subjects like mathematics, English, science, or test prep, you can quickly get into the lucrative job of tutoring. You can curate online courses for students and offer e-books and other relevant resources on the respective subject.
The fees you charge per online course will depend on the subject, course duration, and of course, your experience.
You can also create a profile on websites like Tutor.com and Care.com and start looking for suitable tutoring jobs. Some tutors may need to show their qualifications before getting a tutoring job. Parents usually prefer a tutor who at least has a graduation degree.
13. Try Dog Sitting And Walking
Another way to get $5000 fast (if you love to be around animals) is to try dog sitting or walking. Many people out there can pay you a handsome amount in return for your dog sitting and walking services.
If you find this appealing, you may list yourself on various websites like Craigslist and Rover. You can easily connect with pet owners willing to take your services through such sites.
People earn around $18 to $38 per hour for pet services. If you work for a reasonable amount of time daily, you can easily earn $100. Though it might take a few weeks or months to make $5000, this is one of the most realistic ways to earn money if you love spending time with animals.
14. Work Overtime Or Negotiate A Raise
If you work a job that offers an hourly pay, you may try putting in a few extra hours to make $5,000 fast. You could also have a talk with your employer, explain the situation, and negotiate a raise.
What Is The Best Strategy To Make $5000
You can earn some quick cash by taking up any one or more of the above-mentioned methods. But always remember that making $5,000 dollars fast is no easy feat. You will have to put in the work to reach your goal. And to do that efficiently, it’s important to keep these three factors in mind:
Step 1: Set Objectives And Keep Track Of Your Progress
It isn’t practical to directly set a goal for earning $5,000 within just a day or a week. Instead, you should make micro goals where you initially start by earning $100, then $200, and so on. It would be best if you chose a practical time frame for earning this amount.
This process will make you consistent and motivate you to stay on track. Meanwhile, don’t forget to track your progress and see if you’re meeting the goals.
Step 2: Try Out A Few More Money Making Opportunities
It wouldn’t be a smart decision to rely on only one source to earn $5,000 fast. Look out for various gigs available out there and choose two or three different types according to your capabilities.
The list of gigs and side hustles we have provided above are practical and realistic when it comes to earning a hefty amount of $5,000. But none of them can really guarantee you that much money in one day or two. Sometimes, it might take you weeks, and in other cases, it might take months.
Step 3: Avoid Burnout
Even though you are passionate about making $5,000 fast, don’t forget to pause and rest. You can make a plan and stick to it religiously, but at the same time, don’t forget to make some time to enjoy your everyday life and get proper sleep.
If you work too hard day and night to gather the amount, it might eventually affect your health, and your journey might come to a halt in the middle. Therefore, it’s best to balance out your time and work.
Pros And Cons Of Earning $5,000 Fast
Listed below are a few pros and cons of earning $5000 fast:
Pros
- Simple to get started
- Hours are flexible
- Requires only basic knowledge
- Work according to your preferences
- Get the advantage of the ePayment Technology
Cons
- There’s a waiting time
- You have to put in a lot of work
FAQs
1. How can you make money really fast by staying at home?
There are various side jobs that you can take up, such as filling out online surveys, selling used stuff online, and flipping valuable items. All these methods take less time and are practical ways to earn money without leaving the house.
2. How to make $5,000 fast and legally?
All the methods that we have mentioned above are 100 percent legal, and you quickly start with one of the gigs and earn money without any hassle.
Final Words
There are tons of ways to make $5,000 within a short time. While some methods need more work as compared to others, there’s no way you can earn such a hefty amount in one day. It might take weeks and months to get the amount into your bank.
As already mentioned, you may try renting out items, flipping them, delivering food and groceries, and affiliate marketing. However, you should also explore various options and think out of the box when looking for a job or a side hustle.
While the internet is full of opportunities, be careful when choosing the task. After all, people are always planning out scams to trap you. So, make sure to steer clear of jobs that ask you for a fee before you start doing it. Otherwise, instead of earning money, you might lose a hefty amount.
With the list we have provided you, we are confident you’ll find a job that matches your capabilities. Just a little bit of effort and dedication from your side, and you’ll be ready to earn $5,000 within just a few weeks!
About The Author
Reviewed by
James
James is a writer who is a self-confessed kitchenware and coffee nerd and a strong advocate of Sundays, good butter, and warm sourdough.
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