If one of your goals for 2019 is to increase you earning potential, then you need to get yourself a side-hustle!
A side-hustle has become super popular with people that are taking advantage of their skills or even their hobbies to help earn some extra cash to supplement their 9-5.
Sounds good, right? But there are some things you need to consider before you start bringing in the dough!
One of the most important things to consider, is when you are able to dedicate time to your side-hustle. Do you have spare time before or after work? Or are your weekends normally free? Have a think about how many hours you actually want to dedicate to it, because you still need time off to relax and socialise!
You also need to evaluate your passions and current skill-sets, are you proficient in anything that you can take advantage of? This will help you to come up with ideas for what your side-hustle could be.
Here are some of our favourite ideas to help you get started:
1. Letterbox drops
This is a super simple way to dip your toes into the world of side-hustles! A quick google search of “letterbox delivery jobs” in your city or suburb will likely bring up a range of people looking for people to complete deliveries. The best part about this job is that you need no skills to do it, just your legs (or even a bike or car!) It’s also a great way to get fresh air and exercise while you make money.
2. Dog walking
This is another way to get some exercise while you work, with the added bonus of cute animals! You could try putting up some flyers around your local area, or even advertising on Gumtree or posting on Facebook to get clients or ask friends and family if they need a dog walker. Do a bit of market research and see how much other people are charging so you don’t undersell yourself, and be sure to check your local council laws for the number of dogs you can legally walk and what areas are preferred to walk dogs in. You will also likely require public liability insurance in case the dog causes damage to public property or something happens to the dog while in your care.
The gig-economy has exploded in the last few years, as websites like Airtasker, Taskrabbit and Fiverr rising in popularity for people wanting help with odd-jobs or freelancing services. Once you sign up with a profile, you can view a huge range of jobs in your area, from things like flat-pack furniture building, to delivering things around town, to even standing in line for someone at a restaurant! On most of these type of sites you get a rating and/or reviews after you complete a job, so you might need to complete a couple of not-so-popular jobs to get your rating up, like weeding, cleaning or even removing dead animals from people’s roofs! Doing odd-jobs like this can be a really easy way to earn some extra cash simply by doing jobs for people who can’t, or can’t be bothered to!
4. Driving or deliveries
Do you love driving? Ever thought about making money from it? With the increase of companies like Uber and Shofer , there are more opportunities to make money! There are a couple of prerequisites you need to fulfil like, having a background and vehicle check, and obviously a divers license, but if you pass all of those criteria, then it can be a great way to drive up your bank balance!
You could also become a delivery person for UberEats, Deliveroo or MenuLog, as long as you can resist sneaking a few chips from your delivery!
Are you a whiz with words? You can use your skills to make money by writing articles and blogs for websites! It might be a little harder to get started than some of the other side-hustles, and you may need to do a few articles for very cheap (or even free!), but once you get some published articles for your portfolio, you will be able to use your experience to get more work! Our top tip is to look for ads on Gumtree, Facebook, Airtasker or Fiverr to get started and once you have built up a bit of a portfolio, you can start approaching website owners offering your services. This one if much more suited to people who are more dedicated to the side-hustle, but it can also be a great source of ongoing work and a great way to be creative in your spare time.
As you can see, there are literally countless ways to can earn extra money to reach your savings goals, and they don’t have to be time consuming or difficult. You just need to be willing to put in the work and you’ll be on your way to saving up for your dream holiday, new car, or a deposit for you first home!
At Bluebay Home Loans, we love helping people to achieve their financial goals, so if you’d like to discuss other options for personal finance or help with getting into your first home, contact us to make an appointment today!