101 Side Business Ideas That Will Make You an Extra $500 Next Month
Are you tired of the 9-to-5 grind and thinking about self employment? Do you just want to get out of debt? Do you want to start putting money away for your retirement or dream vacation?
If you answered yes to any of those questions, then it’s time that you started a side hustle. It may sound too difficult for you, but it’s not as bad as you may believe. You can actually start a side business almost immediately. And, most of the time, this new venture has a low-cost to enter as well as low overhead as you start to develop this side hustle.
Don’t trust me? Here are 101 businesses that meet that criteria and can put an additional $500 in your bank account by next month.
More than 53 million Americans have given up the 9-to-5 daily grind to become freelancers. Freelancers can work from wherever they like and set their own schedules. Even better is that there are so many different types of freelancing gigs available. It is one of the most popular choices for anyone that is looking to make at least another five hundred bucks a month — if not more!
1. User Experience (UX) Design
This is one of the fastest growing freelance jobs. The freelance job involves designing products that are easy-to-use and enhances the user experience for website and app users. The average national salary is a solid $87,883! You’ll need to have some developer and technical skills in place to be noticed in this field.
2. Graphic Designer
Graphic designers develop logos, websites, and visual advertisements for their clients. You will use many tools and put your creativity to work to help companies and brands transit their value to specific audiences. Full-time graphic designers can make around $45,000-$79,000 annually, depending on where they live. Check out our guide to becoming a graphics designer.
Writing is one of the most popular freelancing gigs. Whether it’s for a blog post, social media, advertising copy, brochures and marketing collateral, speeches and scripts, manuscripts, or some other format, writers can make anywhere between $10 to $200 per hour. There are numerous approaches to get into freelance writing, including digital job boards where companies post projects or positions. Other freelance opportunities include working for a marketing, public relations, or digital advertising agency.
4. ASP Developer
There is a high demand for developers who can edit and customize web pages, using the Active Server Pages. The reason? It runs parallel with HTML5. It’s important to have taken classes or obtained a certificate so companies that consider hiring you for projects can see your skill level. Look for freelancing ASP developer gigs on technical job boards and in developer communities and forums.
5. Webpage Developer
Every business is expected to have a website these days. But, it doesn’t mean the business has the expertise to create their own. That’s why they’re willing to hire people to build sales pages, landing pages, and other web designs to improve the bottom line. Even if you don’t have mad coding skills, you can still offer this service if you have some marketing skills and an eye for detail. Numerous programs and platforms offer a way to pick up basic webpage developer skills
6. Social Media Marketer
Like websites, brands are expected to have a presence on social media. Social media marketers are the people in charge of launching a social media campaign as well as planning, conceptualizing, and managing results from each social media campaign.
The freelance job requires creativity, understanding of how each social media channel works, and skills to create content and visuals to target the company’s key audience segments. They can make around $46,000 annually.
Photography is another popular freelancing gig. With the growing rise in drones and videos, there is a rise in demand for videographers, too. Just make sure that you have your niche down first. This could be a wedding photography, product photography, or even real estate photography.
With changes to how we can interact and view things like properties, videography may start to surpass photography in terms of demand. To help you learn more about what’s involved with freelance photography, here is our guide to becoming a photographer.
There’s a growing demand for freelancers who can draw illustrations for commercials, infographics, logos, and other visual needs for social media and many types of digital and offline channels. An animator can earn about $35 per hour. This is a perfect side hustle for someone who enjoys drawing and art.
9. Video Editor
As more and more brands look to create video content, there’s a need for editors to fix errors as well as add video or enhance the audio content. Full-time editors can make more than $60,000 annually. Many companies have projects where they prefer to hire a video editor on-demand rather than have them on staff, opening up opportunities for many freelance opportunities. These gigs may come through networking and referrals while others are posted on job sites like Indeed, iFreelance, and Guru.
10. Voice-Over Actor
Do you have a “golden” voice? If so, you can earn between $56 to $72 per hour doing voice work for ads, games, e-learning, or audiobooks. Voice-over work has become more of a freelance role in recent years due, in part, to the availability of equipment and technology. Now, freelance voice-over artists can set up a room in their home to do the work and easily submit their work online. While you may need to make a small investment in equipment, it quickly pays off in voice-over gigs.
11. App Developer
Developing apps for mobile devices is a booming business where full-time developers make around $85,000 a year! While you may already work in the industry or in another tech role, you could consider developing apps in your free time and then offering them for download on the various app stores. Numerous startup companies and enterprises seek out app developers from developer communities, tech job boards, and networking.
12. Virtual Assistant
Virtual assistants handle everything from organizing emails and managing social media and blog posts to making travel arrangements and scheduling. These remote workers can charge up to $50-$75 per hour. Virtual assistant jobs can be found on job sites like Indeed and Monster.
For this type of freelance role, there is less flexibility in terms of time because some of the work may need to be done throughout the work day. If you are already a freelancer in another role, this would be an ideal addition compared to someone who may have a full-time traditional job and is looking for a side hustle.
Proofreaders review written documents to make sure that there aren’t any spelling, grammatical, or typographical errors. Agencies, publishing houses, and media firms all hire freelance proofreaders through gig job boards to help on projects. Some may also hire on a monthly basis. To get a job as a freelance proofreader, you need to have excellent grammar skills and experience in writing and editing. If you are fresh out of college, it may help to have an English degree to build credibility.
14. Audio Transcribing
Transcribers receive an audio file from a company. After listening to the file, your type out what’s said verbatim. Then, you send the document back to the company. A talented transcriber can easily make $500 a month. Since the files typically come as a digital file, you may only need to invest in a good pair of earphones to help y0u focus on the audio. Audio transcribing jobs are also found on freelance job boards.
15. Data Mining
There’s been a lot of talk about big data. But, most people and companies don’t have the time to analyze or discuss this information. That’s where you come-in and analyze the data so that you can notice any trends. Full-time date miners can make about $60,000 annually. To qualify for this type of work, it’s highly recommended that you already work in a similar role or have completed courses or certification in this area.
As a consultant, you can leverage existing experience or skills to help businesses solve a specific problem or assist in uncovering and making the necessary improvements to achieve certain objectives.
16. Human Resources
HR involves tasks like scouting, hiring, and training talent. Today, HR also oversees organizational leaders and handles strategic initiatives like mergers and acquisitions. More HR departments need help navigating the ever-increasing regulations and requirements for talent management. This includes diversity, inclusion, benefits, privacy, and employee rights.
17. Public Relations/Reputation Management/Crisis Management
The main responsibility of PR consultants is to control what people think about a person, business, or products. This involves helping executives work on their reputation and that of their company’s brand. They also manage damage control when a mistake like an executive sending out an inappropriate tweet. Reputation management and crisis management have become a larger part of public relations consulting due to the increased number of channels where information is shared about a person or company.
Information Technology consultants recommend hardware and software as well as troubleshoot any issues when a system crashes. They can specialize in certain types of equipment or in areas like information security/cybersecurity. Or, an IT consultant may conduct an overview of a company’s IT processes and help improve what’s there. Recently, many IT consultants have helped businesses undertake digital transformations, adding automation and other processes that move companies away from paper and manual processes.
Marketing consultants develop strategies to help businesses promote, sell, and distribute their goods or services. With companies struggle to understand how and where to leverage both online and offline marketing tactics, it helps to have a marketing consultant that can assess and walk them through the process so they get the most return on their marketing investment. Here is our guide to becoming a better consultant.
Financial consultants cover a wide arrange of areas. This includes advisors who can help businesses and individual with financial advice like how to balance their books, establish a budget, or suggest investment opportunities. There are also tax accountants who notify you of the latest regulations and which deductions you can claim.
In short, a legal consultant provides advice on how a client can identify, avoid, and solve any legal matters like ownership of intellectual property, real estate, or employee contracts. The number of requirements are becoming increasingly complex for companies. Having a legal consultant can help mitigate risk due to the lack of knowledge about specific regulations.
22. Business Systems and Performance Improvement
These consultants guide businesses in implementing business systems and handling conversion and integration. They can also assist in fixing any existing issues that may be impacting company performance. The result can lead to a lower cost of operations and greater productivity throughout the organization.
23. Internet Security/Cybersecurity
Security is a major concern for businesses, especially when there are so many stories related to hackers and data breaches. As more employees work remotely, cybersecurity concerns only grow. A cybersecurity consultant can assess computer and network security for both businesses or individuals. They can recommend changes to equipment, software, and security policies to strengthen the security level. This type of consultancy job pays around $51 per hour.
Have you ever launched a startup or at least been a part of an early start-up team? As a startup consultant, you can share your experiences and knowledge. For example, you may be able to show other founders how to be lean and make a pitch to investors.
With an increasing amount of pressure for people and organizations to be more environmentally-friendly, these consultants provide advice on how to become more “green.” This includes offering recommendations that reduce a company’s carbon footprint, decreases strain on natural resources, and offers a better way to make products without harming the environment.
26. Personal Chef
Are you known for your delicious, home-cooked meals? People who don’t have the time, or skills, will gladly pay you to cook for them. You can cook on-site in their home or prepare the meals in advance and deliver them a week’s worth of delicious food.
Similar to being a personal chef, catering allows you to still show off your culinary skills. However, instead of cooking daily meals for a client, you just focus on one or two events during a weekend or evening. Caterers are often called on for weddings, special events, and parties. Each request is different, with some wanting sit-down meals while others may only want appetizers and desserts.
If you’re an excellent baker, then you can start selling your baked goods to friends, neighbors, online, or at local farmer’s markets and pop-up events. Many parents look for someone to make special birthday cakes beyond what’s available from the neighborhood grocery store. They want something unique, so there is a good demand for what you may offer. If cakes are not your thing, there are many people who want home-baked bread and rolls or cookies and pastries.
29. Artistic Painter
Whether it’s drawing caricatures at fairs or local parks, painting portraits that a client will display in their office, or selling your pieces online, painting is another hobby that can earn you some extra income. Create a website and social media profiles to showcase your ability. Sites like Etsy and others can also be a way to get your name out as a freelance artist.
30. Musical Tutor
Regardless of the instrument, there is definitely a market for people wanting to learn how to play a musical instrument. You can do this in your home or even start a subscription-based website. With the recent quarantine, many musicians have created a YouTube channel or have used Zoom to do their music lessons for clients. However you choose to do it, there are many people, young and old, who want to learn or improve their musical ability.
31. YouTube Personality
Believe it or not, creating and publishing videos on YouTube has made a lot people millionaires. With video content at an all-time high, there’s no reason why you couldn’t take a piece of this pie. It can take time to build a following, but it is possible to attract attention. You should select a niche to specialize in that you are good at and that sets you apart from other YouTube personalities.
If you make handmade wooden crafts for fun, then start selling on Etsy or your local farmer’s market or craft fair. Many people appreciate this kind of talent and are looking for unique furniture or decor to make their house a home. You can also create your own website and social media profiles to reach a wider audience.
33. Knit or Crochet
Another popular handmade market is for knitted items like blankets, shawls, and clothing. Again, Etsy is a great place to start selling these items along with Instagram and Facebook groups.
34. Jewelry Maker
Besides Etsy, local spas, resorts, and hair salons all want to sell handmade jewelry because it’s currently in high-demand. You can also get involved in local events like fall festivals, craft fairs, and local artist collectives that offer a stall or space to sell your jewelry.
A lot of us want to preserve moments in our lives, but we simply don’t have the time or creativity to do so. That’s why scrapbooking is another profitable hobby. You can offer your services online through social media channels and your own website.
36. Farmer or Gardener
Do you have a green thumb? Or, love taking care of livestock? Then you can start selling plants, produce, eggs, and meat to customers who want either local or organic goods. Recently, more consumers have sought to access local food items and artisanal products because the pandemic led to shortages at grocery stores. You can offer your items at the local farmer’s market, join an online collective that curates local items, or create your own e-commerce store. It helps to advertise in local Facebook groups, too.
37. Light Mechanic Work
You probably don’t have a large enough garage, or the equipment, to put in a new engine. But, if you do have mechanical skills, then you can offer light mechanical work, such as oil changes and changing belts. A growing trend is the mobile mechanic for people who have trouble getting to a mechanic’s shop or don’t have the time to sit and wait. This way, you can bring your tools and know-how to the customer.
38. Mobile Computer Repair
If you’re able to repair computers, then this definitely an excellent side business since we all own some sort of computer these days. To stand out, however, launch a mobile computer repair business so that you go to your customers. With so many people working remotely, they may need your help with their equipment, software and networking issues, or security concerns.
39. Athletic Scout /Sports Rep
Are you a sports fanatic? Then consider catching the next superstar or represent a local athlete. There may be some traveling involved, but you can do a bulk of your work, such as making phone calls and watching videos, at home. You can also do some of the networking and athlete mentoring remotely, too.
40. Event Planner
If you’re the type of organized person who enjoys planning parties, then this is an obvious business for you to start. From weddings and special occasions to corporate, professional sports, and celebrity events, there are so many ways to get involved in this industry.
41. Travel Agent
Even though there is no shortage of bargain travel sites, people don’t have the patience to compare them all. So, why not do that for them based on your love and experience of traveling? There are still many people who want to interact with a real travel expert who can walk them through their travel options and make recommendations and bookings on their behalf.
Here is a list of business ideas that involve selling an actual product.
42. Used Items
People have been making a profit by selling their stuff on eBay and Craigslist for years. Now, there are numerous apps like LetGo and OfferUp that make it even easier not to mention Facebook groups where you can hold a digital garage sale. Go through your home and start getting rid of the stuff you don’t need. When you run out, then start buying other people’s stuff and reselling it.
43. Drop Shipping
With drop shipping, you still sell items online. However, it’s for a manufacturer. This means you don’t have to worry about inventory or shipping the items. The manufacturer does all of that for you. All you handle is the marketing and the transaction process. Many people have found this to be one of the most lucrative side hustles. The key is to differentiate what you are selling and find a large enough audience to maintain your revenue stream.
44. Affiliate Marketing
Affiliate marketing is where you plug a business or product on your blog or website. They’ll give you a special URL code so that whenever a visitor clicks on that link you’ll get a commission. This is one of the best passive income streams where you hardly have to do anything or manage the process. In return, you’ll still get paid well.
45. Direct Salesperson
Whether it’s hosting an Avon, Pampered Chef, or Tupperware party, this model has been a popular option for years for anyone wanting to make some extra cash. Despite the online environment, people still like to get together and host these type of parties.
46. Flip Freebies
Go to the free section of Craigslist and see what’s in your neighborhood. Loading up a pickup full of scrap metal means that you can go directly to the scrapyard and have cash in your hands today.
47. Kits or Baskets
People enjoy ready-made kits or baskets, specifically when it appeals to a niche, such as a housewarming gift or for new parents. You can sell these online or locally.
48. Vending Machines
Someone has to replenish this vending machines. There are all types of vending machines placed throughout malls, schools, gyms, office buildings and more. You can stand-out by offering healthier options as well as chips and candy. There are also vending machines for drinks and even essentials, including aspirin and personal care products.
49. Information Products Online
If you’re knowledgeable in a specific area, then you can profit of that by selling an eBook, launching a subscription service, or creating video tutorials. You might also consider putting an online course together to capitalize on your knowledge or experience.
50. Part-Time Realtor
The real-estate industry is experiencing some growth, so becoming part-time real-estate agent can be a nice supplemental income until you’re ready to go full-time.
Home, Health, and Personal Services
This batch of business opportunities focus on areas like home improvement, healthcare, and performing tasks for others.
Even if the homeowner enjoys mowing their yard, they may not have the time to keep up with it. Cutting a couple of your neighbors yards could quickly add-up and potentially become a full-time when word spreads.
52. Seasonal Yard Clean-Ups
Weeding flowerbeds, trimming hedges, raking or blowing leaves, and cleaning out other debris like fallen branches is time-consuming. And, some people physically can’t do this type of work. You can easily make $100 per yard.
53. Cleaning Gutters
If you’re not afraid of heights, this is another job where you can charge at least $100 to remove debris from gutters.
54. Snow Removal
This is another task that some people either don’t enjoy or can’t do so because of their health. The only problem is that it relies on the weather. However, you can add this in with other seasonal gigs that help you earn extra cash.
Not everyone enjoys spending their weekend painting the interior or exterior of their house. There’s no reason why you couldn’t make at least $100 or more per room. Doing the exterior can also quickly add up to more cash.
56. Home Cleaning
Like many of the chores already listed, people don’t have the time, desire, or health to clean their houses as much as they would like. It’s another low-cost business to start that can end-up being profitable.
There are people who travel frequently, sometimes for months at-a-time. To ensure that nothing happens to their home they hire a house sitter through Craigslist or sites like Mind-a-Home.
Sometimes, you don’t even need to stay there full-time. I have a friend who lives in a beach resort town year-round and she went around checking on homes and businesses that were vacated for the season to make sure that there wasn’t any damage. She made enough money where she didn’t have to work that winter.
This is no longer a job for teenagers. There are a lot of people who either need babysitters for when they’re at work or when they have dinner plans on a Saturday night. A couple of gigs can quickly make you $500 in a month. And, maybe you can eventually start your own day care after securing enough clients, and obtaining the right permits. There are even gig sites now where you can join and do babysitting or serve as a nanny.
59. Pet Care
We love our pets. And, that’s why the pet industry is making billions of dollars each year. You can make money in this area by either watching pets when their owners go on vacation, walking them when people are at work, or even starting your own grooming business. Again, there are apps where you can sign up and get pet care gigs. Of course, you can also start and market your own pet care, dog-walking, or pet-sitting business.
60. Interior Decorating/House Staging
For those who want to have a swanky and well-organized home but don’t have the eye, they’ll contact an interior decorator to do it for them. If this is something that you excel at, then start collecting ideas and building your portfolio now. And, you don’t have to stick with residential homes. Offices and resorts also hire interior decorators.
Another hot trend is house staging for sales or vacation rentals.
61. Setting Up Holiday Decorations
As with many of the other suggestions in this collection, setting-up holiday decorations is a task that not everyone can attend to. In fact, it’s not uncommon to charge a homeowner a $100 per hour for putting-up Halloween or Christmas decorations. This is another seasonal gig you can add to your list of side hustles.
62. Mortgage/Debt-Reduction Service
Homeowners will gladly hire you for your knowledge if you can reduce their mortgage payments or debt by providing them alternative payment options and setting-up a budget for them. This is becoming more in-demand as people struggle with debts and bills during economic downturns.
63. Local Field Inspector
Independent field inspectors don’t require formal training and simply survey properties. They also have to fill-out some basic forms and snap a few pictures. Doing this for about 12 hours per week could earn you a fast $500.
64. Home Inspection
If you’ve worked in construction and the proper certification, then you can inspect homes or office buildings to make sure that they’re up to code so that they’re ready to be inhabited. Since most people get home inspections for the house they want to buy, there will be ongoing opportunities in this area.
65. Home Entertainment Installation
Have you ever watched a novice try to hook-up their home-entertainment systems? It’s actually very amusing. But, if you have no problem installing and connecting these gadgets, then it’s an interesting opportunity. You can work for a company like Geek Squad that takes on freelancers or start your own business.
66. Furniture Delivery
How many times have you gone to Ikea or moved across town and didn’t have the truck to move this furniture? It happens frequently. If you have a large enough vehicle and some muscle, then moving furniture from location to another can become a profitable business.
You don’t have to go to cosmetology school, but you do actually have to have a knack for cutting and styling hair. If you do, then this is a business you can start right now in your home. Be sure to check local city ordinances to make sure you comply with all regulations.
68. Patient Advocate
If you’re knowledgeable about the complicated world of health care, then you can become a patient advocate who helps patients navigate through these process after they’ve had a hospital visit. So many people do not have family members to help them either locally or at all, so this is a fulfilling job.
69. Medical Claims Processing
Staying in the medical field, you can help people properly file their medical claims so that their insurance company is billed in a timely manner. This can be a life-saver for someone who has no other assistance and is struggling to understand the complex claims paperwork.
70. Senior Care
Senior care is projected to become a major industry as more people get older. Senior care services could be anything from driving people to doctor’s appointments, keeping them company, cleaning their homes, or cooking for them.
71. Personal Trainer
If you enjoy working out and want to motivate others to get healthy, then you can become a personal trainer after getting your certification. You can do this in the gym or offer virtual sessions across video conferencing platforms.
72. Personal Shopper
You can even go shopping for the people who can’t stand the grocery store or just don’t have the extra time. This has become a fast-growing gig during the recent pandemic with companies like Shipt, Postmates, and Instacart hiring workers to do grocery shopping and pick up food from restaurants.
73. Pet/Baby Food and Supplies Delivery
Have you lugged around a bag of dog food or ran out of diapers in the middle of the night. Both situations can be frustrating. That’s why people wouldn’t hesitate for someone else to deliver food and supplies for their pets and children. Just like #72 on the list, you can join companies that hire shoppers and drivers to pick up these items.
74. Errands or Odd Jobs
Whether if it’s driving someone to the airport, picking-up their dry cleaning, or doing odd jobs for them like light electrical or plumbing work, then you can make a comfortable living by starting your own business or joining sites like TaskRabbit.
Here is a list of services that you can provide to local business owners.
75. Referral Service/Office Relocation
This is essentially a “welcome wagon” for business owners who just arrived in town. You can get paid by referring them to local vendors, consultants, and other local business owners. This is another similar service that you can provide to new arrivals by pointing them in the right direction of a new office building and the local business owners they should be acquainted with like the equipment repair company.
76. Packing and Unpacking
You can make moving just a bit less hectic for a business by either packing or unpacking their belongings and equipment. Networking and referrals play a critical role in picking up this side hustle.
77. Window Washing
Dirty windows don’t make a great first impression for potential clients. But, they can be difficult to clean and you may not have a lot of time to take care of this task. This is why businesses pay for this service.
78. Mini-blind Cleaning
Blinds are another item that is difficult to clean. These also get extremely dirty and dusty, which is never good for an office environment. You can charge an organization to clean their blinds by simply dipping them in a gentle cleansing solution.
Businesses of all sizes need to keep organized financial records. Unfortunately, that’s not always a priority. Even though there is awesome bookkeeping software, they still need a set of eyes to keep tabs on any suspicious activity and be prepared for tax season.
80. Business Travel Management
Most businesses have to do some traveling. You can make that a bit easier, and cheaper, for them by booking cheap airline tickets and lodging, keeping travel receipts, and managing rewards like frequent flier miles.
81. Power Washing
Driveways, parking lots, sidewalks, the sides of office buildings, and vehicles all get dirty after a while. If you have a power washer, then you can clean these for business owners so that they always make a solid first impression.
82. Plant Maintenance
It’s been proven that plants make people more productive. No wonder offices are filled with them. But, these plants often get neglected. You can offer a plant maintenance service where you water, fertilize, prune, and move plants to larger pots.
83. Limousine Service
Business owners want to impress their potential high-profile clients. That’s why they have a limo waiting for them at the airport when the client arrives. All you need is a limo, insurance, and some marketing to get started with your own limo service.
84. Restaurant Delivery
Employees don’t have enough time to leave the office to pick up their lunch. That’s why a delivery service that picks up food from any restaurant in town is a thriving business. Again, sites like Postmates are good to join because you can see when gigs are available and how much they pay before deciding to take one.
85. Debt Collection
The longer that invoice go unpaid, the less likely they’ll be paid. Instead of businesses chasing those bills, they’d rather hire you to do the legwork for them. This is a challenging gig and involves dealing with unhappy people who know they owe money. However, you can get paid well if you get them to pay their debts.
86. Language Translation
Since we live in a global economy, there’s a chance that business owners will have foreign customers and clients. But, what if there is a language barrier? If you’re fluent in another language, then you can help this business overcome that barrier. Or, if a business needs documents translated, then you can also provide this service if you are fluent in the language.
87. Seminar Preparation
Organizations love to sponsor or host seminars or industry events. But, this takes a lot of planning to pull-off. You can book the speakers, venue, caterers, and promote the event for them in exchange for a hefty profit.
88. Public Speaking/Coaching
It’s not uncommon for businesses to bring-in outside experts to educate and motivate their employees. If you’re charismatic, and are an expert in your field, then you make a comfortable living.
89. Apartment Prepping
It’s not uncommon for businesses to own apartments. The reason? They’re either used for consultants who are temporarily in town or for employees who just moved into town and haven’t found their own place yet. You can prepare these apartments by doing some light maintenance, like painting and cleaning, so that apartment is ready to be inhabited. Or, many have made a living by having Airbnb vacation rentals and need someone to come in and prepare the rentals for the next guest.
You can pretty much rent anything out. Such as…
90. Your Home
Whether if it’s owning an Airbnb, renting out spare room to a boarder, or hosting a foreign student, there are multiple ways for you to profit from your home each month. You can register with a service like Airbnb or VRBO as well as join an organization that handles exchange students.
91. Storage Space
If you have a space that is perfect for storing belongings, such as a basement, attic, shed, or trailer, then storing others to place their stuff there. This is ideal, too, if you own land and can add storage buildings or space for boats and RVs.
Mechanics and car aficionados are constantly on the hunt for an affordable garage. If yours is unoccupied, then this is an easy way to pocket a couple of hundred bucks.
93. Parking Space/Driveway
If you have a parking space or live near an arena or stadium, then you can park somewhere else whenever there are big events going and rent the space out to desperate commuters.
95. Yard Equipment/Tools/ Personal Items/Furniture
New homeowners may not have the tools to do yard work or basic home repairs. You can rent out these items like shovels or drills whenever others need them.
You can even rent out home items like kitchenware or televisions to people who are entertaining guests and need these items for just this one-occasion.
Also, regardless if it’s a couch or outdoor furniture, these items are expensive, so some folks may prefer to rent them out instead of making such a large investment.
96. Party Equipment
Everything from photo booths to inflatable moon-bounces to tables and chairs can be rented out to people who are hosting a birthday party, wedding, or family reunion.
Through sites like Rent A Friend, you can actually be rented out to be someone’s friend.
Finally, if you’re good with numbers and like taking risks, you can start investing money.
98. Exchange Traded Fund
This is a combination of an index mutual fund and a stock fund. They’re simple, low-cost, and perfect for more conservative investors.
99. Dividend Paying Stocks
This is investing in companies with a good and consistent track record, so it’s perfect for those looking for a passive income.
100. Peer-to-Peer Lending
With companies like Lending Tree and Prosper, you lend money directly to people that need a loan. You make interest on the loan, so this is another safe and profitable investment opportunity.
101. Penny Stocks
Penny stocks aren’t expensive, but they can make a decent profit for aggressive traders.
Updated July 1, 2020 to reflect current businesses and times. Originally posted November 28, 2016.