In today’s world, you don't actually need to level up at a traditional job to make extra money . More people than ever before are choosing to take up side hustles, freelance gigs, and other ways to earn more.
The tricky part is people are generally more comfortable making more money by getting a new job with a higher salary. But that's not necessarily the easiest or most convenient option.
Following are 15 ways you can earn more income without starting a new job.
Make Money: 8 things to do if you're barely scraping by financially 1. Do market research
There are a few different types of paid market research. For example, brands or companies pay people to take online surveys , participate in focus groups, and even give opinions on drugs or medical treatments.
How much you get paid depends on the type of research you’re participating in. If you have some free time, market research can be a great way to earn extra cash and get ahead financially .
Own a car? Here's 7 warning signs you're paying too much for car insurance. 2. Resell clothes and other items
There are plenty of apps or companies dedicated solely to selling specific items online.
If you want to clean out your closet and make cash in the process, consider selling clothes on an app such as Poshmark or Depop. Use sites such as eBay and Facebook Marketplace to sell other items.
3. House-sit or pet-sit
House-sitting and pet-sitting often don’t involve a whole lot of effort. People might hire house-sitters to keep their homes clean and water plants while they’re away. Pet-sitting might involve walking and feeding pets.
These roles could technically be considered jobs, but they offer enough flexibility that they rarely feel like work.
Aspiring house-sitters can find gigs through sites like Housesitter.com or Nomador. Dog-walking sites such as Rover also offer pet-sitting services.
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4. Create video content or podcasts
If you have a niche interest or talent, you might make money creating video content on YouTube or TikTok. Or create podcasts. This route likely will require some work to grow your audience.
5. Buy a rental property
Renting out a property is a popular way to make money in your sleep . This passive income can be great, but becoming a landlord has its own unique set of challenges.
Those considering purchasing an investment property should research average rent prices in their area, mortgage rates, real estate law, and other factors.
6. Test websites
Companies often look for people to give them feedback about their websites.
You can sign up through a service such as UserTesting and then pick up work. You might scroll through websites and share your opinion on what worked — and what didn’t.
Get Out of Debt for Good: Try these 6 clever ways to crush your debt 7. Sell custom clothing
With a quick Google search, you’ll find many stories about people who make good money selling custom clothing online. You don’t even have to be a fashion aficionado to do so.
Start by designing and selling T-shirts on a site like Printify. You can also nab your own T-shirt heat press online for cheap and sell your products on a site such as Etsy.
8. Shop for others
If you don’t mind browsing grocery aisles, you can make decent money shopping for other people.
Sites such as Instacart are growing in popularity. If you happen to work in a densely populated area where many people shop for groceries online, high demand will mean you can schedule a few orders in one day — and then take a few days off.
9. Put wagers on your weight loss
If you want to earn money and trim your waistline in the process, there are websites and apps that pay you to lose weight.
Companies such as HealthyWage let you set your goal weight and bet a specific dollar amount that you’ll meet it. If you are successful, you’ll earn some cash.
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10. Rent out your car
If you have a car that often sits idle, rent it out for quick cash. Websites such as Turo let you hang out at home while your car makes money for you.
There are some basic requirements cars need to meet to be eligible for Turo. For example, to get started, your vehicle generally cannot be more than 12 years old or have 130,000 miles or more on it.
11. Sell gift cards
Do you have a collection of unused gift cards piling up in your junk drawer? If so, another quick way to earn cash is selling those cards on a website like CardCash or GiftCash.
Most gift cards remain valid for a few years after they are purchased. So, if you have some from stores or restaurants you don’t plan to visit, it’s worth it to try trading them in.
12. Rent your home on vacation apps
If you have a spare room or vacation home, rent it out when you’re not using it on a site such as Airbnb or Vrbo.
This is another great way to make passive income, as all you’ll have to do is list the property, communicate with guests, and ensure that your space is cleaned and serviced between each stay.
Avoid Nasty Surprises: 10 things you must do before the next recession 13. Earn cash back for shopping
Credit cards and cash back apps can help you earn money when shopping.
Keep in mind that companies offer cash back perks to keep customers shopping and spending more. However, as with couponing, if you can figure out how to work the system, you can earn serious rewards.
14. Rent your parking or storage space
Even if you don’t have a full room to rent, you can still make cash renting out space. Many people need storage, so you might be able to rent out space in your garage or shed.
If you have a parking space — particularly if you live in a city where parking is in demand — you can make money renting that out as well.
15. Mow lawns and shovel snow
While it’s certainly labor, you can make money offering landscaping services, like mowing lawns or trimming hedges. You can also offer other services, such as shoveling snow or blowing leaves.
These are all great ways to earn money while getting a good workout in as well. This can help you keep both your physical and financial fitness in good health, all at the same time.
Bottom line
If you want to boost your bank account fast, many of the items on this list can help you get there. Additionally, many can become profitable long-term businesses if you put in enough time and effort.
Trying out different side hustles is a great way to create a new stream of income and find something you enjoy doing in the process.
Money tips that can work for everyone
No matter what your bank account balance is, there's always an opportunity to optimize and improve your finances. Here's a quick checklist of things you can look at today.
Focus on paying off your debt . Debt can hold you back from making progress with your overall financial well-being. Aside from cutting expenses, there are tools that can help you pay off debt faster like balance transfer credit cards and debt counseling.
Earning extra income can give you breathing room. If finances are tight, earning some extra money to supplement your income can make a huge difference. A new job is one option to consider, but if you're not ready to make a big change or already retired, a part-time side job could be a better choice.
Cut your expenses. It sounds painful and so not fun, but it doesn't have to be. Take a look at your biggest expenses because that's where you'll probably find the biggest savings. For example, auto insurance rates have been soaring so shopping around for a new insurance company can be the fastest way to cut your bill. Also, look for ways to cut your grocery bill (despite rising inflation).
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