9 best side hustle ideas
The best ways to earn extra cash and boost your income
Whether it's buying a house, building your wealth, or setting yourself up to retire early, we all have our own financial dreams. One way to reach your goals faster is to take on a side hustle to earn some extra cash on top of your day job.
Here's our pick of the top side hustles:
1. Freelancing
If you work in a specialised field or have high-level skills, you can put them to good use on platforms like Fiverr and Upwork and earn extra income. This could be anything from freelance writing to video editing to graphic design.
2. Start investing
If you're willing to take on a little risk, investing in the stock market can be a great way to make additional income. Buying exchange-traded funds (ETFs) or dividend stocks can also be a worthwhile option for those looking for a more passive approach to investing.
3. Rent out your car
Own a car but find you don't actually use it that much? Or want to make extra cash without having to join Uber? Sites such as Car Next Door let you monetise your vehicle when you're not using it by renting it out to others.
4. Tutoring
There are millions of people around the world who want to increase their skills in many foundational areas such as language, maths, science and even into more complex topics such as business management and medicine. Even if you're no maths whiz or literary genius, you can still get a gig tutoring school kids.
5. Dropshipping
Dropshipping is blowing up around the world as a great way to earn a passive income on the side. The concept of dropshipping is that you advertise a product online and then use a third party supplier for delivery arrangements. There's a few ways to dropship including services like Amazon's Fulfillment program as well as platforms like Shopify.
6. Delivery driving
Apps like Uber Eats and MILKRUN will pay you to run errands and deliver food, groceries and other similar items to people. It's a cool idea if you're already running around on a bike on your regular commute. You can work in your own hours, on weekends and during times that suit you.
7. Ridesharing
If you have a car and commute to or from work, you are in a prime position to start making extra cash. Use your vehicle to transport people to the club, medical appointments or to get groceries in your spare time. Check out sites like Uber to start earning while you drive today.
8. Pet sitting
Love animals and just can't get enough of them in your life? Pet sitting is the avenue for you to turn this love into dollars. You can choose when, what type and for how long you look after people's pets. Going through a platform like Mad Paws can help you find jobs in Australia.
9. Start an online store
Know a certain product inside out, or have spotted a gap in the market? Build your inventory and open an online store to start raking in more money. Once you're experienced enough, you can even start to automate a lot of the process and turn it into a hands-off source of passive income.
