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15 Good Paying Jobs for College Students Who Want Extra income

February 12, 2018 by Frugal Prof

 




 

15 Good Paying Jobs for College Students Who Want Extra Income

I’m sure we can agree that earning extra money while in college is a great idea.  Here are15 Good Paying Jobs for College Students who want extra income.  The increasing levels of debt that graduates have been taking on is a huge drag on their ability to enjoy life after college.  Being stuck with student loan debt is a big problem.  So, here are the best ways to make money on the side.

According to the Federal Reserve, there are over 17 million student loan borrowers under the age of 30.  These 17 million people hold $376.3 billion in debt. The average monthly student loan payment for a borrower in their 20s is $351, and the median monthly payment is $203.  That means that Americans in their 20s with student loan debt each have an average balance of about $22,135. (via CNBC).

The faster one can pay it off, the easier it is to accumulate wealth.  In addition, the added stress levels of debt impacts families as well as our health.  Becoming debt free is a worthy goal for many reasons.  Debt has become a huge issue and finding information on earning a side income is something many people need.  So,making extra money as a college student is a huge benefit.

 

*Affiliate Disclosure: This post contains affiliate links.  Business partners may compensate me for inclusion on this blog, but I strive to only partner with quality businesses and the reader pays nothing.

 

Relevant Articles:

Survey Sites That Actually Pay

Getting Results: How I Paid Off $17K

The Best Personal Finance Books

 

 Consider Refinancing Your Debt: SoFi:

Refinancing is a great solution for working graduates who have high-interest, unsubsidized Direct Loans, Graduate PLUS loans, and/or private loans.

Refinancing student loans with SoFi saves borrowers $4662f a month—or $30,0692 over the life of the loan.

SoFi takes advantage of low overhead (they have no branches unlike most banks), and passes the savings on to their customers.  That’s why their rates are so low.

More about SoFi:

 

15 Ways to Make Money as a College Student:

 

1. One of the Better Side Hustle Ideas I See:  Become a Loan Signing Agent

One of the Best Side Hustle/ Side Income Ideas I’ve seen is to Become a Certified Agent or Notary. This side hustle fits with all of the previous criteria I recommend:  You learn a valuable skill.  You earn an excellent fee of $75- $200 per appointment.  The up front costs are pretty small.  The niche is still so small and is not being promoted heavily.  IE the margins are still good and intact.   Learn More about the Loan Signing Course.

If you’re willing to invest some time and money, you can have a great income as well as a valuable skill.

 

2. Get Paid to Drive:

  • Join Door Dash and get paid to Drive:   People Dash for a variety of reasons: to spend time with their kids, earn extra money, to pay for school, even to exercise and see the world.  You can use any car to deliver, as long as you have a valid driver’s license, insurance, and a clean driving record.
  • Join Door Dash and get your first check this week!

extra income for college students

  • Get paid to drive for LYFT:  I’ll help you get an extra $1,400 payout.
  • Visit the LYFT website and Use this Exclusive CODE:  DOUG4287
  •  Get paid to Drive for Amazon:  Amazon Flex  Make $18-$25/hour  Be your own boss, set your own schedule, and have more time to pursue your goals and dreams.  Join my Email list below for More details about Amazon Flex!

 

Related posts:

11 Survey Sites That Actually Pay

 

3. Online Tutor

Pay: $13-$20/hour or more

Take your academic strengths and knowledge online to start your own tutoring business.

Offer peer tutoring for fellow college students or connect with K-12 students in home-school programs.

And it’s not just academic: Focus on your extracurricular talents, and offer tutoring or consulting in things like music, art, social media, fashion or nutrition, too.

 

 




 

4.  Earn money and start a business as a photographer:  If you like photography, why not take the next step and get Paid to take pictures?  Yes, you can get paid to travel and take pictures.  It’s a part-time side hustle idea for student income.

 

Free travel

 

5.  Become a DJ:  Sure Calvin Harris makes nearly $50M and is on top of Forbes  annual list of the world’s highest paid DJs.

But, did you know the average DJ for a wedding can earn between $600-$3000?  Pretty good money! You can get the basic equipment for less than you think.  With some basic equipment, you could be making money this weekend.  More Here.

6.  Get paid for graphic design work:  99 Designs, is a leading site for all things design.

 

7. Create a course and teach others :

Before you think that you have nothing to teach, I want to tell you that you most likely do! Online courses are extremely popular right now, and you don’t need to have a blog in order to be successful with an online course. Teachable is one of the Best companies. More about Teachable here.

8. Become a Virtual Assistant

Starting pay varies with duties: $10-$20/hour

  • Get paid to use the organization and communication skills you’ve developed to stay on top of schoolwork, classes and extracurriculars.
  • VA gigs vary in pay, hours and the actual work. You might help people and businesses with data entry, social media management, website maintenance, research and customer service.
  • With more and more professionals diving into freelance jobs and self-employment, these positions are increasingly in demand.
  • Find virtual assistant jobs through these sites:
  • Zirtual
  • People Per Hour
  • Work at Home Mom (not just for moms!)
  • VA Networking

 

Swag Bucks:  They will give you $5 to sign up.  Swagbucks.com is the leading destination for earning real rewards through online activities you already do every day.   More about Swagbucks here.

 

9. Earn Money as a Copywriter:  Advertisers and businesses are often looking for copywriters to help them advertise their clients’ or their own products and services. In today’s virtual world, many companies are happy to hire virtual copywriters to help market their businesses.

 

10. Baby sitting:  One of the most consistent side hustle Ideas. Great pay on weekends and holidays.

11. Freelance Proofreading: a great side hustle idea for those with an eye for detail.

 

Related articles you may enjoy:

How it all began.  What made me say enough.

44 Ways to Create Extra Income

Getting results on your debt free journey

 

12. Become a Bartender:  One of the few jobs that lets you socialize and work at the same time.  Better make sure you know how to prepare rare drinks like an Old Fashioned or a Cosmo.  More on bartender mixology info here.

 

13. Make money by traveling the world as a photographer:

 

14. Design logos:  99 Designs

15. Do Errands: Task Rabbit  Help people fix things around their home – If you are a handy person, you may be able to get paid to repair broken items around a person’s home. Word of mouth is big when it comes to finding clients, but you can also post Craigslist advertisements that show your services, post flyers to bulletin boards around your town, and more.

 

 

Extra ways to make money in college:

 

 Paid Consumer Research

  1. Sign Up
  2. Confirm Your E-Mail
  3. Start Earning
  4.  Do them quickly to avoid burnout

 

Taking surveys in your spare time can be a great way to earn some extra dough fast. Check out Survey Junkie which will pay you instantly with cash via Paypal. They have over 6,000,000 members and they have an 8.9/10 rating on Trust Pilot.

Vindale Research: ($2 Registration Bonus)

Vindale Research is by far one of the best survey sites due to the fact that surveys can pay as much as $75 per survey. However, these surveys are quite rare and people usually earn closer to $10 – $12 per hour.  More about Vindale Research here.

While there are plenty of high-paying surveys, there are also plenty of low-paying ones. To make it worth your while, don’t bother taking surveys that don’t pay well.

When you complete your profile you get a $2 sign-up bonus. Furthermore, there are usually plenty of surveys to take and you can setup email notifications when new surveys come out. Sometimes you can even take the same survey 2-3 times a day.

Take Surveys For Cash:   Learn the formula to getting paid cash for the best paying  online surveys.

American Consumer Panel:  Easy to sign up. 6 Million Members.  Reviews of American Consumer Opinion:  

“American Consumer Opinion Panel has been one of the best, and probably THE best, panel that I have worked with in some time…” J.D., Texas –  More about American Consumer Opinion:  

 

 

Start a Blog

Forbes: How This 27-Year-Old Made $1 Million Last Year

One never knows what can happen when a blogger finds just the right niche.  Take Michelle from the blog Making Sense of Cents.  She was recently featured in Forbes magazine and makes over $1M a year from a side blog that became very popular.  You never know what a blog could become.  The 7 Rules to a Profitable blog here.

 

 

Create a Youtube Channel:

You’re probably wondering?  Can you make money via Youtube?

A 6-year-old boy made $11 million this year reviewing toys on YouTube

Some of the biggest stars these days are not actors at all, but YouTube stars.

And one of the biggest of them all is a 6-year-old named Ryan who plays with toys — mesmerizing millions of children across the globe.  Ryan has become a multi-millionaire, according to Forbes magazine’s just-out list of highest paid YouTube entrepreneurs.

 

Other Ways Students Can Increase Income:

Get paid for shopping:

Ebates

I use Ebates and they give me cash back for nearly all of my purchases.  Ebates gets a commission from stores you shop at and they share the commission with you.  Average cash back is about 7%, which is great.  Right now, they are offering a Free $10 Gift Card when you join and spend $25.  More about Ebates Here.

 

 

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Filed Under: Income Ideas, Uncategorized Tagged With: extra income, good paying jobs, income college students, make money as a college student, side hustle, side hustle ideas, ways to make money in college, ways to make money on the side

44 Best Ways to Make Money Now

January 15, 2018 by Frugal Prof

 

 

44 Ways to Make Money Now

44 Ways to Make Money Now.

 

If you’re wondering “How can I make extra money?” then you’ve come to the right place!

  • • It may help you pay off your debt;
  • • It may help you save for a vacation for your family:
  • • It may help you stop living paycheck to paycheck;
  • • It may help you reach retirement sooner;
  • • It may help you not feel as stuck at your job;
  • • It may help you to become debt free:

Disclaimer;   I believe in transparency and want to disclose this page has links to products that I may earn an affiliate commission for purchases you make.  The reader pays nothing.

 

Ray Krok Success Quote

 

1.  Paid Consumer Research:   conducted by major companies through Paid Online Surveys:

Companies try to understand consumer behavior and trends and they pay you for your time for consumer research via Paid Online Surveys.  These consumer research sites are 100% FREE to join and always pay and pay out on-time.

  • 1. Sign Up. 
  • 2. Confirm your e-mail. 
  • 3.  Earn Money. 
  • 4.  Do them quickly to avoid burnout.

 

These companies are ranked in terms of Quality, Reputation, Earning Potential, and other factors.

For those who want to earn up to the $650+/month mark, I suggest trying out all of the sites on the list and stick with the ones that work best for you.

 

 

Survey Junkie:  (Great Surveys, Little Time, Great Payout)

You  can earn anywhere from $12 – $18 per hour from Survey Junkie!

Survey Junkie has one of the strongest reputations on the web, and they’ve always paid on-time and the right amount. Not only that, but they have excellent customer service if you ever have an issue.

Taking surveys in your spare time can be a great way to earn some extra dough fast. Check out Survey Junkie  which will pay you instantly with cash via Paypal. They have over 6,000,000 members and they have an 8.9/10 rating on Trust Pilot.

 

American Consumer Opinion:   Easy to sign up. And they have 6 Million Members.

Reviews of American Consumer Opinion:  

  • “American Consumer Opinion Panel has been one of the best, and probably THE best, panel that I have worked with in some time…” J.D., Texas –
  • “I do surveys for several different companies and, I have to say, American Consumer Opinion ranks at the top as they have a very good site with no junk [that] seems to be well managed.”  H.B., Tennessee –

Begin earning at American Consumer Opinion:  

 

 




 

Vindale Research  $2 Registration Bonus Plus Up to $75 Per Survey

11 Survey Sites that could pay you $750 this month.

Cash surveys

 

Other Quality Survey Sites:  The more you join, the more you can earn.

  • Global Test Market:  Paid over $32M in rewards. Global Test Market is a great survey site for international users since they’re currently available to 49 different countries. Expect to earn at a rate of roughly $10 per hour. Avoid their low paying surveys.

 

    • E-Poll:  E-Poll  Earn a 100-point signup bonus when you register, which takes only about 5 minutes.
    • Use your points like cash to fund your PayPal account or use your points to earn gift cards. Begin earning now with E-Poll. 

     

    •  Inbox Dollars

      InboxDollars  is the mobile and online loyalty club that pays cash!

      Members have earned over $30 million in cash since 2006.

      InboxDollars earn cash with the official InboxDollars mobile app.

      In the current version of InboxDollars mobile app, members can earn cash for:

      – Searching the web

      – Reading email

      – Taking surveys

      – Downloading apps

      – Purchasing Groupons

      Sign up for Inbox Dollars:  Here

 

 

 

 

2.  Become a Certified Closing Agent.

You Earn Extra Income,  Set your Own Hours, and the Income is Fantastic! ($75-$200 per appointment).

• It’s really good money!

You can make $75 to $200 in a single signing, and a signing takes about an hour. Total work time including preparing and driving to the signing is about an hour and a half to two hours when you’re starting out. And a lot less as you become more experienced.

Part time loan signing agents generally do one to three signings per week, – about $300 to $500 dollars extra a week. while full time agents can do 3-8 signings in a day which is about $400 to over $1,000  dollars in a day.

  • You can start part-time and work around your existing work schedule since most signings occur on evenings and weekends.  Simply pick up work when you want, and keep your day job.

• You can get started with absolutely zero experience. There’s no resume checking prior to a loan signing. You are hired simply based on your location in proximity to the loan signing.

• You can work from home and be your own boss. Owning your own business can allow you to take advantage its many benefits, such as tax write-offs.

• You have the ability to make money almost immediately.

It pays nearly 9X more than driving for Uber.  However, it requires you to take a class and invest time and money.

If you can do that, then you can start making up to $200 per signing.

Learn More about the Loan Signing System here.

 

 

3. Start a Career as a Freelance Writer

Maggie Linnders can teach you everything you need to know to begin a career as a freelance writer.  Work from anywhere.  You don’t have to be a great writer.  She can  show you exactly how to get started, how to find high-paying clients and jobs, and ultimately, how to run a successful freelance business from anywhere in the world.

(Plus, if you already have some writing experience, She can show you how to scale your freelancing business to a six-figure income too.)

If you enjoy writing, want to be your own boss, and have more control over your life as well as earn a great income, then look into Maggie’s Freelance Academy here.

 

4. Get Paid to watch Videos

Swagbucks is has paid out nearly $400M in bonuses to its members. They pay in giftcards for watching videos and taking surveys.  And they offer coupons for some of your favorite products.

More about Swagbucks Here

 

 

 




 

5. Get paid for shopping: Ibotta

How Does Ibotta Work?

Ibotta is a cash-back app that grants you rewards (in real-life dollars — not points or gift cards) on your everyday purchases. It turns couponing into a bit of a game, and you can do it all from your phone. No scrappy newspaper coupons required.

It also features rewards across retailers: from Amazon to Forever 21 to Walmart.

Here’s how to use Ibotta:

1. Download the free app and sign up.

2. Explore cash-back offers.

 

 

 

 

 

 

 

  • What’s great about it:
  • Ibotta is a great way to find cash back not only on grocery staples but also at online retailers and through travel sites. For example, if you only bought Viva paper towels before downloading the app. But you can get $3 back on a pack of Bounty, why not?
  • “Ibotta is more portable than coupons, and it introduces me to brands I’d otherwise not try.”

3. If you’re shopping in store, add offers to your account before heading out. Do this by tapping the little plus sign next to the offer.

4. Once you hit $20, you can cash out through PayPal or Venmo. You can also opt to receive your rewards as a gift card.

 

 

Get Cash Back at Rakuten

I use Rakuten and they give me cash back for nearly all of my purchases.   Average cash back is about 7%, which is great.  Right now, they are offering a Free $10 Gift Card when you join and spend $25.

More about Rakuten Here

How it works:

  • Before you make a purchase, simply visit the Rakuten site,
  • find the store, like Macy’s
  • You’ll see discount codes (usually between 5%-10%)
  • and use their link to make a purchase.
  • They give you cashback for your purchase.
  • They pay via Paypal.

They have a browser extension that makes it so easy to save.  And they’ll give you a $10 Gift Card after you spend $25

Browser extension Rakuten Here

 

7. Decluttr:   Fast, easy way to sell CD’s, video games, electronics and more.  Easy to use and  Rated “Excellent” as a trustworthy site.  Give it a try.

 

8. AirBnb :   Fund your next adventure travel excursion by renting a room with Airbnb

AirBnb Tips:  Make your space available during high-demand times in your area. Think: concerts, conventions and sporting events.  Be a good host and make sure your place is stocked with the toiletries you’d expect at a hotel — toilet paper, soap and towels.  Be personable. A lot of travelers turn to Airbnb for the personal touch they won’t find at commercial properties.

 




 

9. Become a DJ:  Sure Calvin Harris makes nearly $50M and is on top of Forbes  annual list of the world’s highest paid DJs.  But, did you know the average DJ for a wedding can earn between $600-$3000?  Pretty good money! You can get the basic equipment for less than you think.  With some basic equipment, you could be making money this weekend.  Check DJ Equipment prices Here.

10.  Get paid for graphic design work:  99 Designs, is a leading site for all things design.

11. Create a course and teach others :

Before you think that you have nothing to teach, I want to tell you that you most likely do! Online courses are extremely popular right now, and you don’t need to have a blog in order to be successful with an online course. Teachable is one of the Best companies. More about Teachable here.

 

12. Refinance Your High Interest Debt:   SoFi:

Why SoFi:  SoFi doesn’t have the expensive overhead of traditional banks and is able to offer great rates to refinance your debt.  In addition, they just hired a very respected CFO away from Twitter.

Refinancing is a great solution for working graduates who have high-interest, unsubsidized Direct Loans, Graduate PLUS loans, and/or private loans.  Refinancing student loans with SoFi saves borrowers $4662f a month—or $30,0692 over the life of the loan.  Check to see how much you can save on your loans with SoFi:

 

12. Earn Money as a Copywriter:  Advertisers and businesses are often looking for copywriters to help them advertise their clients’ or their own products and services. In today’s virtual world, many companies are happy to hire virtual copywriters to help market their businesses.

13. Baby sitting:  One of the most consistent side hustle Ideas. Great pay on weekends and holidays.

14. Freelance Proofreading:  a great side hustle idea for those with an eye for detail.

 

Cash surveys

15.  Paid Consumer Research

 

  • Taking surveys in your spare time can be a great way to earn some extra dough fast. Check out Survey Junkie which will pay you instantly with cash via Paypal. They have over 6,000,000 members and they have an 8.9/10 rating on Trust Pilot.
  • SwagBucks:   Swagbucks is the largest online rewards site that gives free gift cards to its members for their online activities, such as Taking Surveys, Shopping, Searching the Web, Watching Videos, and Playing Games.
  • E-Poll:  E-Poll provides a convenient online forum to express your opinions on a variety of issues that affect your daily life. Earn a 100-point signup bonus when you register, which takes only about 5 minutes.  Begin earning now with E-Poll. 
  • Inbox Dollars:  Be rewarded for watching tv, taking surveys, or making purchases online. Earn a free $5 signup bonus just for joining to start you on the right track!  Begin earning with Inbox Dollars.
  • American Consumer Panel:  Easy to sign up. 6 Million Members. American Consumer Opinion:  

 

23. Monetize your blog: 

Monetize your website via Share a Sale  and Flex Offers.

Max Bounty,  This affiliate network partners with dozens of survey companies and has lots of great offers available. Rated as the number 1 top CPA Network by mThink’s BlueBook Rankings 3 years in a row, promoting offers through Maxbounty is a solid choice.

Their interface is attractive, easy to use, and fun affiliate contests are held regularly. Run by a very friendly and fun group of people who have been in the business for over 12 years.

Igain Network:  iGain specializes in market research offers and features high quality advertisers on their real-time tracking platform. Offering superior support is their primary objective, and they do so with their friendly team of passionate individuals.

These are the best affiliate programs that help you make more money from your followers.  Imagine receiving and extra $1500 a month from your blog traffic.  Advertisers want exposure to blog audiences.  So, it is a win-win.

Time for you to start your own blog? … Read my post on the 7 Rules to a Profitable Blog here.

 

24. Do Errands: Task Rabbit

  • Help people fix things around their home – If you’re a handy person, you may be able to get paid to repair broken items around a person’s home. Word of mouth is big when it comes to finding clients, but you can also post Craigslist advertisements that show your services, post flyers to bulletin boards around your town, and more.

 25.  Become a Transcriptionist:

Do you know what a transcriptionist does? Did you know that it is another way to make money?

Transcribe documents and movies:  You probably heard of scribie. They pay 5$ to $20/audio hour. It’s another company that would let you work at your own convenient time. Very flexible and files are usually around 6 minutes or less. It also has its own software that would allow you to dictate instead of typing. You can also get promoted once you level up.

 

26.  Earn money as a photographer:  If you like photography, why not take the next step and get Paid to take pictures?  Yes, you can get paid to travel and take pictures.  It’s a great career or side hustle idea.

 

27. Deliver Dinner: Join Door Dash and get your first check this week!

28. Wash Cars:  Offer a door-to-door car washing service to local residents. You bring the cleaning supplies; they provide the water and the electricity for vacuuming out the inside of vehicles. Similar to mowing lawns, painting houses, and shoveling snow, this takes very little money to get started!

29. Become a youth sports coach:  If you like kids and sports, this is a perfect side hustle idea.

30. Become a referee:

31. Start a Blog

Forbes: How This 27-Year-Old Made $1 Million Last Year

One never knows what can happen when a blogger finds just the right niche.  Take Michelle from the blog Making Sense of Cents.  She was recently featured in Forbes magazine and makes over $1M a year from a side blog that became very popular.  You never know what a blog could become.

The 7 Rules to a Profitable Blog here.

 

Relevant Articles:

The Best Personal Finance Books

9 Best Ways to Save $7K This Year

 

 

32. Create a Youtube Channel:

You’re probably wondering?  Can you really make money from Youtube?

This year, a 6-year-old made $11 million in one year reviewing toys on YouTube

Some of the biggest stars these days are not actors at all, but YouTube stars.

  • One of the biggest is a 6-year-old named Ryan who plays with toys.
  • Ryan has become a multi-millionaire, according to Forbes magazine’s just-out list of highest paid YouTube entrepreneurs.

 

Value Investing 

33. Paint Houses:

34. Give Music Lessons:

35. Become a lifeguard:

36. Become a ski instructor:

Opinion/ Surveys:

  • Survey Junkie:  You can earn points through Survey Junkie and redeem them for cash or gift cards.  They give you 25 points just for filling out your profile.  Expect to make about $3 per survey.
  • One survey site I love is called InboxDollars. It offers several short, daily surveys you can take. If you take all of them each day, you could earn an extra $730 a year — not too bad.  Begin Earning at InboxDollars.
  • My Survey: Make Money Online! Have fun & get paid for doing surveys Start a New Account. It’s FREE!
  • Begin Earning at My Survey.
  •  American Consumer Opinion:  
  • Luntz focus groups:  Typically will pay between $75-$200 depending on the topic.  Usually only available near large cities

 

 

 

37. Become a Bartender: 

One of the few jobs that lets you socialize and work at the same time.  Better make sure you know how to prepare rare drinks like an Old Fashioned or a Cosmo.  More on bartender mixology info here.

38. Shovel Snow:  Get a workout and get paid.  Win-win.  You can earn cash the same day just by knocking on a few doors.

39. Make money by traveling the world as a photographer:

40. Flip concert tickets:

41. Enter Contests and Sweepstakes:  “Google sweepstakes” and you can find thousands of monthly or yearly drawings from your favorite companies and brands.

42. Become a part-time bookkeeper:

43. Write about stocks:  I made over $5,000 writing about undervalued stocks and it helped me pay off $17K in debt last year. More here.

44. Design logos:  99 Designs

45. Ebay:  This might be the fastest way for most people to generate quick cash.

I wrote a post detailing how I made $493 in a few weeks and made money on Ebay.  Details and tips here.

 

Conclusion:

In this post, we explored more than 45 Ways to create extra income.  Whatever your financial goals, finding a way to get paid for your extra time is always a good idea.  I hope you found a couple of interesting ideas to pursue.

 

What are your favorites?

 Join 1,845 others on my e-mail list for tips and strategies to increase your income.


 

Filed Under: Income Ideas Tagged With: earn extra money, extra money at home, get paid to drive, make money now, paid surveys at home, side hustle ideas

My Problem with Side Hustle Ideas and The Best Side Jobs

February 28, 2017 by Frugal Prof




 

side hustle ideas

I’m always exploring new ways to earn extra money.  Even better if you can find a way to make money fast.

 

In this post,  I will offer some smart questions that one should ask before buying into a side hustle. Next, I will offer one of the better side income ideas that I have found.

Earning money on the side is a great idea.  I am in favor of having more money for your family, money to pay off debt, and more income to live a better life.  Absolutely.

I want to make sure that you discover the best side hustle ideas.

  • *Affiliate Disclosure: This post contains affiliate links.  Business partners may compensate me for inclusion on this blog, but I strive to only partner with quality businesses and the reader pays nothing.

Side Hustle Meaning:

Side Hustle:  typically part-time jobs that allow one to make extra money.  Sometimes a side hustle involves making money online, but not necessarily.  Some side hustles involve working from home.

Let me start by saying I like the idea of side hustles- part time jobs or gigs that can earn you passive income online.  And I occasionally listen to podcasts from side hustle entrepreneurs like Pat Flynn and Nick Loper.

In my opinion, you need to analyze any potential side hustle idea critically before you commit to them. You are investing two valuable resources in any side hustle opportunity:  you are investing money and you are investing your time.

 

Relevant Articles:

The Best Personal Finance Books

Survey Sites That Actually Pay

It’s not about the Money.  It’s about Taking Charge.

 

Questions you Need to consider before starting a side hustle:

1.  What is the probability this side hustle will make me money

Yes.  The main purpose of a side hustle is to make money.  I want an extra income.  I need cash.  Period.  So, the idea that you could invest in a side hustle course and not make money and possibly, lose money is something we want to avoid at all costs.

Just because there is a quote from someone on the internet claiming that they made money doesn’t mean much to me.  And also, When did this person make money?

Many opportunities no longer exist.

 

Value Investing

 

Flipping textbooks on Amazon via AMAZON FBA used to be a good money maker.  And then one day Amazon changed their fee structure.  Now, the people who did this side hustle are selling courses to teach a program that worked a few years years ago.

My concern with this side hustle is that you make an investment in inventory and Amazon can change their policy at any time.

It no longer works because Amazon eliminated the profit margin.  And it’s important to ask yourself, which other side hustle jobs have the potential to evaporate like this.

YouTube:  Recently, YouTube  changed their fee structure to smaller content providers.  You now need 1,000 subscribers and 4,000 hours of content to monetize your channel.

Realize that people had spent considerable time creating videos (and buying courses and video equipment), and now have almost no way to recoup their expenses.  They started a side hustle and lost both money and time. 

My intention is to look critically at side hustles to prevent this from happening to you.

2.   How much time will I need to commit?

There are many side hustles that allow you to make an income rather quickly and others you need to wait for a payoff.

Some side hustle ideas that pay immediately include: Getting Paid to Drive:

Essentially, You can Get a Check This Week

  • People Join Door Dash for a variety of reasons: to spend time with their kids, earn extra money, to pay for school, even to exercise and see the world.  You can use any car to deliver, as long as you have a valid driver’s license, insurance, and a clean driving record. Join Door Dash
  • Get paid to drive for LYFT:  Visit the LYFT website and Use this Exclusive CODE: DOUG4287 for an Extra $1,400 payout.

 

3.  How much can I Earn vs. The Costs to begin?

The purpose of a side hustle is to make money.  One needs to consider a realistic estimate of how much money one is likely to make.  And what is the source of the information.

I could show you 100 Pinterest Pins that claim someone has quit their job to blog full time and is making a six figure income.  Blogging is not a great side hustle if you need extra income now.

In reality, that is the exception.  Blogging is competitive and requires a lot of time and commitment before someone can make money.

It can also be a great side hustle for the right person.  See my post on, The 7 Golden Rules to a Profitable Blog Here.

 

Relevant Articles:

45 Ways to Increase your Income

9 Best Ways to Save $7K This Year

11 Legitimate Survey Sites for 2018

 

44 Ways to Make Money Now

4.  Is this Side Hustle Idea still making money?

Do you know who is guaranteed to make money from a side hustle?  The person selling expertise, a funnel guide, or a side hustle program.

Is this Side Hustle idea still making money.  Is this side hustle idea still viable. 

These are real questions.  And it requires research.  Right now, the Subway restaurant chain franchisees are suing the company for not supporting them with advertising.

Its being called a franchisee revolt.

You would never spend the $50,000 or $75,000 to invest in a Subway franchise after you learned this information.  Additionally, you would not want to invest in a side hustle course that is no longer viable.

 

 

5.  Does this Side Hustle add to my skill set?

Great question. A really good side hustle would add to your skill set as well as helping you earn extra money.

 

 

 

 

Become a Certified Closing Agent.

  • One big advantage of becoming a Closing Agent is that you learn a new skill.
  • You Earn Extra Income,  Set your Own Hours, and the Income is Excellent ($75-$200 per appointment).
  • You can get started with absolutely zero experience. You are hired simply based on your location in proximity to the loan signing.
  • Next, you can work from home and be your own boss. Owning your own business can allow you to take advantage its many benefits, such as tax write-offs.
  • • You have the ability to make money almost immediately.
  • It pays nearly 9X more than driving for Uber.  However, it requires you to take a class and invest time and money.
  • If you can do that, then you can start making up to $200 per signing.
  • Learn More about the Loan Signing System here

 

One of the Better Side Hustle Ideas I see:

This side hustle fits with all of the previous criteria I’ve mentioned.

You learn a valuable skill.

You earn an excellent fee of $75- $200 per appointment.

The up front costs are pretty small compared to the actual compensation.

Learn More about the Loan Signing Course.

 

Conclusion:

In this post we’ve reviewed the important questions you need to answer before you invest in a side hustle idea that’s being promoted.  Is this still a great side hustle idea.  Is this person selling a course because the idea is no longer profitable.  What’s the investment of time and money for this idea.  When will this side hustle make me money.  All legitimate questions.

My only interest is in helping you succeed. 

And I would hate for you to invest your time and money into something that is no longer a viable side hustle idea.

I’ve explored a bunch of side hustles and for me, they took too much invested time for a pay off that may or may not come someday.

My time and money is valuable.  And I need that payoff.

Caveat emptor!  Buyer beware.

 

 

 

 

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