1. FIND SOMETHING TO SELL YOUR NETWORK OF PEOPLE
Being a serial entrepreneur, I am always looking for ways to make more money. My dad and I sell flooring from a smaller manufacturer as a side hustle. We sell direct to anyone that needs flooring. Sometimes it is Co-workers, friends or family. We sell a similar product you see at a flooring store at a fraction of the cost. We profit $400-$500 per job and we never have to touch the product ourselves. We save our customers thousands vs buying from a flooring store. If we do 2 jobs per month that is an extra 10-12k a year. Not bad for about 20 minutes of work per job right?
If you have an area of expertise like flooring, plumbing, roofing products or tech gadgets, use that to your advantage and as your start. The key is to not have to carry much or any inventory and to make sure you sell quality products so you can get the referrals. Once you save someone money on quality product the referrals will come in at a rapid pace!
2. BUSINESS CONSULTING CAN NET SOME SERIOUS EXTRA MONEY.
If you have a strong background in an industry, use that experience to your advantage. Legal advice? HR Consultant? IT Expert? Whatever your experience is, put it to use!
Dave Fellows 67, from Austin Texas makes $2500 per client (average of 20 hours of work) for his expertise in workplace Health and Safety. “I am retired and for extra money I consult for multiple companies on Health and Safely. I make them compliant so when the inspector knocks on the door they have everything in check! I actually now have inspectors that recommend me to clients that need help being compliant in the workplace. I often charge more for these clients because they need to be Compliant ASAP”
3. SELL ONLINE!
EBAY, AMAZON plus the many others all offer great platforms for you to sell goods online. Old books, CD’S, sporting goods etc….
Zanda Micheals, 54 years old, from Detroit Michigan, goes to thrift shops and finds unique items, she can then turn around and sell for 4 or 5 times her purchase price. “After I was let go from the auto parts plant in town here, I needed money badly. I got an idea to buy cloths from thrift shops from 5 or 6 towns around me and I started to sell on EBAY. On my first week, I was lucky enough to find about 50 Transformers T-shirts for $3 each. I sold each of them for $25 in one day. I now make about $150 a day 365 days a year on my EBAY, Shopify and Amazon business and couldn't be happier!
4. AIRBNB WORKS AND CAN BRING A STEADY AMOUNT OF INCOME IN!
Renting a spare room, basement or vacation property can bring you some great income.
Lisa 38, from Ontario Canada, rents her basement out for $65 a night. She is booked 90% of the year. Her secret to success is to rent for longer term such as 5 days or more. This allows her to have to clean less. Do the math and she is bringing in an extra 20K per year from a basement she never used before. Not a bad side hustle if you ask me!
The Lang family rents there Finger Lakes New York lake home in the warmer months for $2400 a week when they are not using it. “We use it two weeks a summer with family and friends. The rest of the time it is booked” $2400 x 18 weeks is 43K they are making on an otherwise empty lake house. Great side hustle!
5. CLEANING BUSINESS
Hey it’s not glamorous or easy work but if you like to clean you can actually make some good money doing this as a side hustle.
Bill Davis 60 from Seattle, had his hours cut as a janitor after the school he worked at for 25 years had cut backs. Needing money for the next 4 or 5 years he started offering his services to local businesses and has done very well for himself. “Not wanting to work full time since I still had hours at the school, I started cleaning houses in my spare time. After a few months a client asked if I would clean his office. Word got out I was cheaper and did a better job and soon I was cleaning all the offices in the complex and had to hire 2 full time employees to keep up. My first year I pulled in more then 80K after expenses! That is more then what I was making full time at the school.”