Looking to earn some extra money with a side hustle, but not sure where to start?
You’ve come to the right place. Making ends meet, paying off student loans, or even just saving up for your next vacation can be tough. A side hustle can help you earn extra money fast, even if you only have a few extra hours each week.
Before we dive into how to get started, here’s some of the questions this article will cover. Keep scrolling, or jump directly to whichever you’re curious about:
First things first: what exactly is a side hustle?
A side hustle is a flexible job that you work at “to the side” of your primary job. It's a way to bring in extra cash, flex creative muscles, and more.
If you work a 9-5, a side hustle could be driving for Lyft, running an Etsy shop, or freelancing on Fiverr.
If you’re in high school or college, a side hustle might be your primary source of income while you go to school. Good side jobs for teens and college students could include things like driving for Instacart, building Ikea furniture for others through Taskrabbit, babysitting, and more.
People start a side hustle for a variety of reasons. Common motivations include:
As time goes on, serial side-hustlers continue to build new side hustles. These entrepreneurs often find having a side hustle rewarding in and of itself.
Starting a side hustle may seem overwhelming. However, with so many side hustle jobs available, it can be a really easy way to make extra money. If you’re looking to start a side hustle, just follow these 4 easy steps:
Knowing your goals for starting a side hustle will help you choose the right side hustle job for you. Do you want to pay off student loans faster? Are you looking to find a creative outlet? Do you want to supplement your current income with some extra money on the side?
It’s also good to ask yourself questions like:
If you only need to make some extra money by the end of the month to buff up your vacation fund, it’s probably not the best idea to try and start your own tutoring business. Likewise, if you need consistent income over a longer period, cleaning out your attic and selling everything on Craigslist is a good start, but won’t continue to provide income.
Next, you need to determine where your skills, interests, experience and resources are, so you can begin to narrow down your opportunities.
Not sure where to start? Jump down to check out some good side hustle ideas, then come back to this step!
Try asking yourself questions like:
Once you’ve determined your skills and resources, you’re in a great place to start figuring out your most lucrative side hustle options.
Once you’ve narrowed down your skills and resources and settled on a few side hustle options, you’re ready to start making your side hustle dreams a reality! But now you might be wondering, “How do I find side hustle jobs near me?” Here’s four great ways to find side jobs near you:
Finally, the fourth step is one many people forget about (until they’re hit with a big tax bill the following April!). Once you start your side hustle—no matter how small—it’s time to start preparing for tax season as well.
Any money you make—whether it’s from a 9-5 or a side hustle—has to be reported on your taxes. With a side hustle, taxes will not be automatically deducted from your income (even if you’re working on a side hustle app like Uber or Lyft). As a result, you should prepare for having to owe taxes at the end of the year.
There’s three main ways you’ll want to prepare for side hustle taxes:
What makes for a good side hustle varies based on what goals you have with your side hustle. If you’re looking to find a creative outlet, you might choose a different side hustle than if you’re looking for a good side job to make extra money fast. Not sure which side hustle to choose? Here’s some ideas to start off with:
If you’re want to find a side hustle where you can make extra money from home, there’s a lot of options to consider:
If you need to make extra money fast, a side job can be a good idea. Whether you’re trying to pay off your student loans as quickly as possible or beef up your bank account before your next vacation, a side hustle can help you make some extra income:
If you have a full-time job, but are looking to supplement your income or make extra money on the side, there’s a lot of good side hustles for you. Even if you only have a few hours a week, there are ways to maximize your productivity and earn some extra income:
Remember, if you’re driving for work—whether it’s your full-time job or a side hustle—you should be tracking your mileage so you can deduct it from your taxes. Since most side hustle jobs will not deduct taxes automatically from your paycheck like a full-time job will, it’s important to maximize your tax deductions so you’re not paying more in taxes at the end of the year.
For more details on taxes with your side hustle, check out our guide to freelance taxes and tool for maximizing tax deductions.
If you’re in college, older than 18 years old, and you have a car, driving side hustles can be a great option for you. Consider driving for side hustle apps like:
No car? No problem! You can walk dogs or provide other pet caregiving services through side hustle apps like Wag! or Rover.
Once you’ve downloaded your side hustle apps or launched your website, download the Everlance app as well to manage business expenses, track your mileage, maximize tax deductions, save money and time on taxes and more!
Download the Everlance app now.
Are you interested in the gig economy? Then, you'll want to check out this post. We cover how much you can make with top gig platforms, like Uber, Lyft, and more.
If you're a gig worker, not using a mileage tracking app is costing you thousands every year. Not convinced? Here's the reasons why.