If you’re feeling a bit strapped for cash every month and you have already cut back on as many expenses as you can, you can still find ways to earn extra cash without having to work another job. You can do many of them from home or online. Check out these five ideas for a side hustle that can earn you a bit of spending cash.
Sell Your Stuff on eBay
Image via Flickr by Semtrio
Do you have clothes, shoes, or jewelry sitting around in your closet that you never wear? Selling on eBay can be a viable way to earn some extra cash. You can sell books, camping gear, kids’ stuff, and things that are just gathering dust in your closet and garage.
It’s pretty easy to get started with eBay. Simply set up an account with eBay and PayPal, take clear photos of the items you are selling, and set them up for auction or for a buy-it-now option. Once your item has sold, make sure and respond promptly to the buyer and ship in a timely manner.
Rent Out a Spare Room in Your House
If you have a spare room in your house, you can spruce it up and advertise it for nightly or weekly rentals on Airbnb. Make sure to take great photos and be honest about the condition of the house or room. Make a note if the kitchen and bathroom are shared, if there is a private entrance, and other important features. You’ll find that it’s easier to build a good reputation by offering more information and being more honest.
Invest in Penny Stocks
Investing in penny stocks can be a solid way to earn some extra money. Trading in penny stocks has the potential to compound your money over time and can set you up for a future financial foundation. Make sure that you invest in solid stocks that can show growth. If you are new to penny stock trading, you might consider hiring a consultant or trainer to help you with your investment planning.
Be a Video Game Consultant
Do you love to play video games? Then consider being a video game consultant. You can help new gamers learn how to navigate the obstacles of obtaining upper levels within the game and help with any troubleshooting issues they may have. This side hustle can be a fun way for an experienced gamer to make extra cash.
Affiliate Marketing With Your Blog
If you’re already a blogger, consider getting started with affiliate marketing. Essentially, you’ll review or endorse products or services on your blog. When someone buys that product or service based from your blog, you’ll receive a percentage of that sale.
You’ll find many affiliate programs to join, including the very popular Amazon affiliate program. Amazon has a wide variety of products that you can endorse, making it a good affiliate program for beginners. One of the keys to successful affiliate marketing is to pick a popular niche that you understand well.
Ultimately, you can find many ways to earn a bit of extra money. You just have to get creative, research some of the available options, and put your skills and resources to work.
FYI: I worked at a dead end cubicle job from 2005-2011 for about $30,000 per year. I went self-employed in July 2011 and make between $70,000-$90,000 through blogging, professional pet sitting, hubby's reffing, and our rental home. If you’d like to start your own site (link to my free step-by-step guide), I highly suggest checking out Bluehost (my referral link with a nice discount for you, PLUS a free custom header banner from me!). Please contact me any time at budgetingfunstuff*at*gmail*dot*com with questions or just to brainstorm! I’d love to help!