Today I will share with you the top tested ways on how to earn extra income with a full time job.
People are earning from $100 to thousands of dollars each month from the below side income ideas.
Teach English and earn money with a full time job
It is projected that teaching English will be a $ 27 billion market by 2027.
There are plenty of opportunities for those having English speaking skills. And it has always been the primary medium of communication.
There are many websites where you can teach English and earn extra income with a full time job. Mainly, after the digitalization of the world, the demand for learning English is more than ever.
Please check out the following websites to start making money by teaching English.
1. VIPKID
VIPKID is a Chinese platform offering lucrative incentives to teachers for teaching English.
You need to create an account and upload your video introduction in English. Subsequently, you will take an aptitude test to evaluate your language skills. Once you complete the hiring process, you are good to go.
2. italki.com
This is another platform where you can signup and teach your desired language. However, you need to check if your relevant language is open for recruitment.
3. VerbalPlanet
Verbal planet offers linguistic experts worldwide to make money by teaching different languages in addition to English.
You can receive your compensation through PayPal. There are more than 30+ languages by which you can earn money by teaching online.
4. Lingoda
Lingoda is a user-friendly platform where you can teach English in virtual classrooms or 1-to1 sessions.
It would help if you learned how to use PowerPoint and Skype before applying to Lingoda. The earning potential depends on the level of your qualification and experience.
5. Cambly
This is an application-based platform where you can earn money by teaching English from your mobile. An average English tutor can comfortably earn up to $ 10 per hour.
Earn a passive income from e-commerce
The E-commerce market size grew to $4.9 trillion in 2021. And the forecast shows that it will grow to $ 7.4 trillion by 2025.
Considering the substantial growth, it’s time to take a chance on the e-commerce business. With e-commerce, you have a global reach and a chance to build your own brand.
Unlike brick-and-mortar businesses, you can run your e-commerce business with a laptop and an internet connection.
Moving forward requires that one first take a step.
For new entrants, how to start an e-commerce business could be overwhelming. There are various platforms from which you can jumpstart your e-commerce journey.
I suggest starting small, learning the ropes of the e-commerce business, and eventually going big. I don’t recommend starting your e-commerce website; instead, you should start selling the products on the existing e-commerce marketplaces such as Amazon, Walmart, and Etsy.
In this way, learn the dynamics of the ecommerce industry quickly. Also, you can test different models with small capital.
6. Etsy
More than 3 million sellers are making money by selling customized handmade items on Etsy. Everyone has got some skills. Whether it’s t-shirt designing, crafting, or scented candles.
Find more statistics at Statista
Etsy is a platform where you can sell your products. You can list your crafts by paying $ 0.20 only. Other fees (e.g., transaction fees) will be deducted once you make a sale.
Etsy has a loyal fan base that is only looking for unique ideas. So if you are good at something, you can jumpstart your e-commerce journey right away from Etsy.
The only downside is you will find many copycats who are just copying and pasting unique ideas of other sellers.
7. Amazon
Amazon is enjoying 37% of the US e-commerce market share.
This is a whole different world where you will find millions of products.
Some people believe that Amazon has been saturated and difficult for new sellers. I believe that there is always an opportunity for new entrants. You can make money under different selling models.
In Amazon Wholesale business model, you buy products in the bulk of already established brands under a distribution arrangement.
You don’t need to create your listing; you link your inventory with the already live listing. In such a manner, you don’t need to optimize the listing and worry about sales generation. You can start making money once your inventory is live. The downside of this model is you can’t create your own brand.
On the contrary, in the Amazon Private Label business model, you launch your product under your brand name.
You have control over your listings, and you can flip your online store easily. However, a few challenges are associated with the private label business model. As you are on your own, you don’t have any support from any existing brand. You may need to incur considerable marketing costs in running PPC campaigns to optimize your listings.
Both models have their pros and cons.
The bottom line is wholesale business is less risky and less capital intensive. Best to make money in the short term.
The private label requires a sizable investment to plan and launch your product. The long-term prospects are bright, and sellers have flipped their stores for millions of dollars.
8. Start a store on Shopify
“Never build your property on a rented land.”
The above-mentioned e-commerce models were great for making money. But it would be challenging to create wealth with these e-commerce business models.
To create wealth from e-commerce, you need to have your own online store with personalized brand name.
You never know when your online store on online marketplaces (e.g., Amazon, eBay, etc.) happens to violate any of their “terms.” And your account faces suspension.
I have personally faced this problem. My Amazon account got suspended for a few months due to Amazon’s internal technical glitch. But I was the one who bore all losses during those months.
Once you know the ins and outs of the e-commerce business, the best strategy is to create your store.
Shopify is a handy platform that enables users to create online stores quickly. Against a small monthly subscription fee, you get access to all required tools and templates to start moving things.
According to BuiltWith.com, more than 3.7 million online stores are hosted on Shopify platform. and you can see some these stores making monthly sales in millions.
9. Self-publishing
“Either write something worth reading or do something worth writing.” Benjamin Franklin
Self-publishing a book on Amazon Kindle could be your best bet if you love writing.
The author does all work required in self-publishing, from writing to launching a book. It includes writing, editing, formatting, proofreading, designing, and launching the book.
This whole process may look daunting.
But the reality is you can self-publish your book seamlessly by hiring experts on Fiverr. There are hundreds of experts doing all the stuff at very reasonable rates.
And when it comes to writing, you don’t have to be Charles Dickens or Stephan King to start writing.
Everyone has their own story, and if you believe that you can make a difference by sharing your experiences, nothing is holding you back.
On top of that, it’s a great source of earning passive income for years to come.
Kindle enjoys 83% market share in the US alone for e-readers. So imagine, if you publish your story on Kindle, you have access to the masses.
You can enjoy royalties on your book starting from 35% to 70% depending on the option you choose for publishing your book.
SmartBlogger has created a detailed case study on making money with Kindle self-publishing.
10. Become a virtual assistant
Becoming a virtual assistant will be a lucrative option if you are an accountant, web developer, or good at managing tasks. According to Indeed.com, an average VA earns around $21 per hour, making more than $45,000 per year.
Where to start:
- Get an understanding of what precisely a VA does. There is a range of services you can offer as a VA. Such as answering emails, monitoring communications, providing essential customer support, arranging appointments, making presentations, handling social media accounts, etc.
- Once you identify your expertise, prepare a comprehensive proposal of your services.
- Join Facebook groups relevant to your skills. Market your skills and share your proposal of services.
- Make accounts on all major freelancing platforms such as Fiverr, Upwork, Freelancer.com, etc.
- Share your proposal of services with your LinkedIn network.
11. Freelancing
41% of the American workforce has done freelancing in 2020. And 31% of these freelancers earned more than $75,000 per year.
Freelancing is a multibillion-dollar industry, and after the Pandemic, we have witnessed a rapid spike in professionals doing freelancing.
Where to start:
- Determine your skillset and make a list of your offerings.
- Reach your target audience. Don’t limit yourself to freelancing platforms only. Browse LinkedIn, Facebook groups, Reddit forums, and other online forums.
- Define your pricing as per the industry standards. Don’t undervalue or overvalue your offerings. Perform some research on Indeed.com and other online forums to determine a realistic pricing strategy.
- Include your past work in your portfolio. Buyers are most interested in looking at your sample work.
- Try to over-deliver your first assignments and offer some freebies. Your clients will always come back to you, which is the key to success.
- Maintain the relationship with your clients. Share with them the updates regularly and keep checking if your clients need your support.
12. SteadyApp
SteadyApp allows you to register in their system and create a profile according to your skills.
After that, you can search for your desired gigs from different companies, which will enable you to earn a side income with your skillset.
Also, you can search for traditional jobs in the app which suit your profile. SteadyApp has become very popular during the Pandemic and managed to connect the workers with the customers. Side hustles to get started in just minutes.
13. TaskRabbit
TaskRabbit is an excellent platform that connects skilled workers with households.
If you are an electrician, carpenter, mechanic, or anyone having a specific skill, you can find gigs on TaskRabbit.
You will not only find gigs to earn money, but the service also provides an opportunity to market your skills in your neighborhood.
You choose your timings and set your rates. And the best part is you keep 100% of your earnings, including the tips. TaskRabbit’s secure payment gateway system process the payment.
14. Consultancy
Consultancy is a lucrative business for professionals.
Though this is not considered passive income, it can be managed with a full-time job. And attract substantial cash flows.
For example, a tax consultant earns up to $60,000 per year by providing tax consultancy services.
Where to start:
- Necessary certifications and education – Some services require mandatory certificates or licenses to practice the profession publically.
For instance, to offer Auditing services in the UK, you need to have a Practicing certificate from the Association of Chartered Accountants (ACCA).
Similarly, you may need a Project Management Professional (PMP) certificate if you are from an engineering background.
- Strong network – Consultancy business is a highly prestigious business.
Clients expect a high level of professionalism from the consultants.
Generally, people hire consultants by word of mouth.
It would help if you had a strong network where you could pitch your offerings. Once you successfully deliver outstanding services and satisfy the requirements, you will see a snowballing effect in generating more leads.
- Online presence – Ensure having a professional website presence on all social media platforms. Share the testimonials of your clients to enhance the creditability of your services.
How to earn extra income with a full time job through PASSIVE side hustles
Following extra income ideas are suitable to make money from passive side hustles.
15. CryptoCurrency
Investing in cryptocurrency is a great source to earn passive income.
Alert! The Crypto industry is very volatile. Don’t bet your hard-earned money if you have no understanding of the crypto world.
Invest your time in learning how the crypto market works.
In crypto, it’s challenging to avoid risks. However, there are ways by which you can mitigate the risks.
Cryptocurrency is a multi-trillion dollar industry. More than 19,000 cryptocurrencies are being traded on 500+ exchanges. The daily average trading volume of coins is $100 billion.
Where to start:
- Create an account on Binance, the largest crypto exchange.
- Purchase virtual currency (e.g., USDT) to buy the cryptocurrency.
- Invest your time in researching the best coins. Most of the coins you see in the crypto exchanges are worthless, and you need to be very careful while devising your buying strategy.
- Track rankings of major coins at CoinMarketCap daily, weekly and monthly basis.
- Follow top crypto blogs such as CoinDesk, CoinTelegraph, etc., for developments in the crypto industry.
- I don’t recommend day-trading for starters. It’s better to invest small capital for the long-term in promising coins.
16. BlockFi
For long-term crypto holders, the best strategy is to stake your coins instead of keeping these in your wallet.
What is crypto staking?
Staking is a reward given by the network for holding the coins. Technically, you commit your coins to support the network and eventually validate the transactions.
BlockFi is a platform that provides staking services.
The site provides a calculator to estimate the expected return of your coins if you choose to stake. Also, you receive a signup bonus in Bitcoin.
17. Blogging
Blogging has been the most sustainable source of income for decades.
If you want to earn a stable passive income in the long run, you should consider starting blogging.
Starting a blog is very cost-effective, and it takes less than $20 a month to get started. The real challenge is to keep working on your idea and go big. You need to put lots of effort and apply the right strategies to make your blog profitable.
According to Digital Nomad, 14.5% of bloggers make $5,000 or more.
Blogging is not suitable for a quick cash out. Generally, it takes months to earn your first dollar. But you will see a snowball effect once your articles start indexing and generating traffic.
Where to start:
- Perform niche research and select the topic on which you intend to write.
- Decide your blog name and buy a domain name and hosting.
- Determine the right keywords to rank quickly in search engines.
- Make a content plan and stick to it consistently.
- Once your blog starts generating traffic, it’s time to monetize. You can choose ads, affiliate links, or both to generate revenue.
18. Buying and selling domain
Domain flipping has been a very profitable business since the start of the internet bubble.
People have made fortunes by selling high-value domains.
Business.com was sold at a whopping $345 million, and Insurance.com was sold for $35.6 million.
Finding a high-value domain name has become next to impossible. Still, you can find such domains which can be flipped for a few thousand dollars, if not millions.
Where to start:
- Perform detailed research online on which businesses are emerging and the possible developments in the tech industry.
- Visit domain auction pages on Godaddy.com, NameCheap.com, and Flippa.com. You will see some high-value domain names offered at very reasonable prices.
- Try to buy an expired domain name. It gives more authority in terms of Search engine optimization (SEO) and is more convenient for buyers.
- I always prefer to buy .com extensions. Other extensions are very specific, and you may have a hard time selling.
- Purchase brand-able domain names. Such as Shopify.com, toonly.com, etc. Just brainstorm, and eventually, such ideas will come up.
- Estimate the domain value online using Godaddy’s Domain Evaluation tool.
Earn side income from Delivery jobs
19. Delivery job with DoorDash
If you live in the US, Canada, or Australia, you can earn extra income by providing delivery services with DoorDash.
All you need to have is a vehicle for transport and a smartphone. You are all set to start making money.
You can provide delivery services at your convenient time.
DoorDash provides services in more than 7,000 cities in the countries mentioned above. You have the flexibility to deliver goods in your neighborhood or any city where you intend to visit.
Where to start:
- Submit your application on the DoorDash website and complete the signup process.
- You need to be 18 or older with any vehicle under your license (scooter, bicycle, or any car)
- Download the app and start delivering.
20. Deliver groceries with InstaCart
InstaCart is an application that offers you to fulfill the customer’s grocery orders.
The mechanism is super simple. You need to register yourself with InstaCart, buy the groceries, and eventually deliver them to the customers.
InstaCart offers good commission, and you can earn handsome tips for delivering good service.
InstaCart offers two options to earn money.
In-store shoppers
InstaCart officially hires you under employment arrangement. You get paid by the hour in different shifts mentioned in the offer letter.
Full-service shoppers
On the contrary, you can earn money based on jobs delivered.
In this arrangement, you select your timings and days. And the best thing is you can keep 100% tips awarded by the customers.
21. PostMates
PostMates is another excellent delivery service to earn side income. You can make money by delivering groceries, fast food, and other courier services.
Typically you can earn from $14 to $22 per hour, depending upon your profile and the nature of the delivery.
22. Print on Demand
In the print on Demand (POD) business model, you take a customer’s order and fulfill it using third-party services.
In this manner, you don’t need to bear upfront inventory costs and other overheads.
According to Grand View Research, the market size of Print on Demand will touch $40 billion in 2030. There is going to be a huge spike in growth in coming years.
Many service providers offer POD services free for beginners, such as Printify. These service providers offer integration with online e-commerce websites. For instance, Printify is integrated with Etsy. Once someone orders a product on your Etsy store, it will eventually go to the workflow of Printify, and Printify will fulfill the order.
Other websites are working in the POD model, including Printful, SPOD, etc.
Generally, you can earn $4 to $10 per sale. Imagine making multiple sales per day. You can comfortably earn a couple of thousands monthly.
23. Writing services
Writing has been an evergreen side-hustle for the masses for decades.
Though now, we have AI content writing solutions. But as we have tested most of the top AI content services (e.g., Jarvis and ClossersCopy), we can safely say that the need for good human writers is not going anywhere anytime soon.
Everyone needs a writing service, whether it’s an individual or corporate. Many freelance writers make a full-time income just from writing. If you work for a writing agency, you can make way more and other employment benefits.
According to market research, writers make from $ 15,000 to $ 125,000 per year, depending on their experience and writing area.
Please visit this link to hunt writing opportunities to make extra money.
24. YouTube channel
An average YouTuber earns around $18 per 1,000 ad views.
It doesn’t seem very easy initially, but it can bring substantial ad revenues passively in the long run. Most YouTubers are not just relying on ad revenue. There are other monetization sources to earn way more than just having ads on your videos.
You can start affiliate marketing by recommending any product or service to your audience. Many brands are interested in engaging youtube influencers to do review videos on their youtube channel.
Additionally, you can sell your product or merchandise to your audience.
Earn side income from Real estate
25. Fundrise
Traditionally, one has to arrange huge capital to invest in real estate.
This problem has been sorted out with Real Estate Investment Trust (REIT). REIT collects money from the investors to buy properties. Additionally, REIT manages and operates real estate to generate returns on behalf of the investors.
Just look at the following facts released by REIT.com on the market size of REIT in US alone.
- $3.5 trillion of gross assets are owned by REITs in US alone.
- REITs have invested in more than 503,000 properties in US.
- REITs incurred expenses of $85 billion for construction and maintenance of properties during 2020.
- REITs generated more than 2.9 million jobs in 2020.
Fundrise is a prestigious American-based REIT offering to invest in real estate from as low as $10.
The best part is they handle the asset management and all the market research.
It is important to mention here that investing in real estate is a long-term business. That’s why Fundrise doesn’t recommend its customers to invest if they want to cash out their investment before five years.
Fundrise charges a 0.15% investment advisory fee and 0.85% asset management fee annually.
You receive quarterly dividends on your investment. Also, your initial investment also gets appreciated over time.
26. Diversy Fund
This is another REIT that allows investors to make money by investing as low as $500.
DiversyFund has a very robust investment strategy in place. The company raises capital, invests in undervalued properties, renovates these, and eventually rents them out. Over time the value of the initial investment also increases.
The average annual return starts from 10% and goes up to 20% depending on the market situation.
27. Earn money with Neighbor
If you have an extra space in your house or garage, you can list the space on Neighbor without paying any fees.
Neighbor is an online platform that enables property owners to make extra money by renting out their unused spaces to the renters.
Once you come under an agreement with the renter, the Neighbor charges an admin fee against its services.
Additionally, the company provides the free host liability protection of up to $1,000,000.
Moreover, the Neighbor performs the legal identity verification and all the paperwork. The property owners get the monthly payments for the space rented out.
Earn money from online surveys
There are many websites that pay money if you complete their online surveys online.
The payouts are generally very small. That’s why it will not make much of a difference. However, you can still earn small amounts, which can be used to buy gifts, supplies, etc.
You can explore the following websites for online surveys.
28. SwagBucks
Generally, you can earn from 40 cents to $2 per survey. There are some rare occasions when high payout surveys are available, which pay up to $50.
29. Inbox Dollars
you can earn cash by watching videos, reading emails, taking surveys, and playing games. The best thing we like about Inbox Dollars is that they pay in dollars. Unlike SwagBucks, which only pays out in coupons or gifts. You can earn from $1 to $20 per survey.
30. Opinion Outpost
this is another great website that pays its users to share their opinions on various topics. You earn points by taking online surveys. The site pays out money in PayPal or by providing gift cards.
31. Transcribe Audio
There are many platforms online where you listen to audio and write down what you listen to. All you need to learn is writing and good comprehension of listening. The websites pay on per hour basis. Typically, a good transcriber can earn up to $10 per hour with the ease of working from your laptop.
The following websites are great to start working as a transcriber:
QA World – payments made through PayPal. The normal pay rate is $0.20 per audio minute.
Rev– This is another great platform that pays up to $1.10 per audio minute for transcribing services. Averagely you can earn $500 comfortably per month.
TranscribeMe – This site pays $15 to $22 per audio hour, and a good resource can earn up to $2,000 per month.
Online Coaching
32. Coach.me
If you are a self-help expert, health trainer, or business mentor, you can earn as much as $100 per hour by providing coaching services through Coach.me. This is a great platform that offers a world-class coaching interface where you can connect with your clients. Also, you get a chance to connect with your fellow coaches and enhance your professional network.
33. CoachUp
If you are a sports veteran, you can start your coaching business from CoachUp. You benefit from working with CoachUp, personalizing your profile and unique URL, new leads to grabbing more clients, and $1 million liability insurance coverage on all sessions. An average sports coach earns up to $45 per hour at CoachUp.
34. FindYourTrainer
For fitness trainers, you can consider working with FindYourTrainer.com. You can maximize your exposure by uploading your detailed profile and start hunting clients looking for personal training.
Final words
When it comes to earning extra income with a full time job is to work smart. You need to maintain a work-life balance and meet your family commitments.
If you want to make a good income, you need to do things that bring in the most money.
The above-mentioned side hustles are tested and backed by sufficient market research. However, please don’t waste your time and energy doing things that won’t give you any results.
In the end, I would say that you’re never too old to start earning extra income.