Are you drowning in debt? If you’re reading this article, then the chances are you’re probably struggling. Debt is unfortunately a necessary part of life for many Americans as well as people across the globe. Sometimes you feel like you’re drowning in debt and there is no way out. You think about part time jobs or other ways you can make money end feel helpless and hopeless when side hustles don’t pan out. But fear not, because we here at Jayhawk Advisors have a great list of ways you can combat debt with the legitimate side hustles listed below.
1. Can you drive?
One of the biggest and most lucrative side hustles right now is ride sharing such as Uber or Lyft. You do not have to have a fancy car or good looks to become an Uber or Lyft driver but you do have to have a decent running vehicle. there are reports of Uber drivers making in excess of $2,500 a month. with Uber you could work nights or weekends whatever your schedule dictates.
2. Can you write?
Another great side hustle is freelance writing. Now, this line of work is hard to get into but not impossible. Most of the sites out there will request that you submit a writing sample to make sure that you’re qualified to do the job. The job pays anywhere from 0.01 to 0.08 cents per job, but experienced writers can get $150 per job. This is a great idea for someone who isn’t mobile, or families with only one car. You can write as little or as much as you like and do it in the comfort of your own home.
3. Have you heard of Micro-tasks?
Micro-tasks are as they sound, small one off jobs that pay anywhere from $5 to $50 depending upon the job. There are many micro-task websites out there the biggest one is Mechanical Turk (run by Amazon) a site that pairs micro-workers with employers who are in need of someone to complete small tasks. The tasks stem anywhere from data entry to surveys to taking photographs. You have to put the time in (to advance to higher paying jobs) but Micro tasks can be very lucrative especially when you move up the ranks with experience and reputation.
4. You can teach English!
If you have a college degree, you can teach English to children and adults across the globe. Obviously, the market is hot in China right now, with over 1 billion people, you are sure to find work! The pay per hour is anywhere from $15 to $25 an hour and some companies require you to have a TESOL cert. This would be a great side hustle for a night owl-due to the time difference- but peak teaching times are from 6am to 8am EST.
5. Affiliate Marketing
Basically this is selling, or marketing products and services by directing traffic from your website (your blog or YouTube channel) to the website of the product you are promoting. The most lucrative companies offer up to $3 per click!
6. Appointment setters
Whilst many turn their noses up at telemarketing or cold calling, top appointment setters can make in excess of $150,000 a year just from cold calling and setting appointments for businesses. This is something that you can do after hours or on weekends & with the right training and the right attitude you can make a heck of a lot of money from appointment setting.
7. Merchandisers make money!
Merchandizing is a great way to make some side money, and it’s something that can be done early in the morning, late at night or on weekends. Part-time merchandisers make around $27,000 a year and there are bonuses for sales Etc. Some of the most common merchandizing products are alcohol, tobacco and candy.
8. Sell ATMs
There are many businesses out there who manufacture and distribute ATMs across the country. You as an independent brand ambassador own the ATMs and get residuals for every time someone takes money out of the cash machine. This is the convenience fee that you see on the screen whether it be $2.50 or $5. You can imagine what your residual income would be if you had an ATM outside of a movie theater or in the middle of New Orleans.
There are so many ways that you can make money on the side and make enough to pay down your debts. You just have to be creative and leverage what you have. You shouldn’t be looking at a job or a side hustle where you would have to pay money to get started, anything like that is a scam!. With the right attitude you can get out of debt quicker than you would have before reading this article. You have the power to get out of debt! Don’t be afraid; just do it.
Jayhawk Advisors can help you manage your money today