If times are tight, you can get ahead by running a side hustle from home.
Just about everyone could use more money. Whether you want to get rid of debt or student loans or stash cash away for a rainy day, side hustle jobs from home can come in handy.
For some people, extra money is more than a convenience – it’s a necessity. For others, your 9-to-5 may help you pay for the basics, but you’re looking for a way to level up.
Before you can start a side hustle, however, you need to figure out what you want to do.
The Benefits of Side Hustle Jobs From Home
A side hustle can make your wallet a little thicker and give you the freedom that you crave. It’s a way to make money in addition to your regular job.
For many people, one job isn’t enough, especially if they’re just starting in the wonderful world of work. After paying rent, utilities and buying food, there’s usually not much left. What’s even worse is that salaries typically grow at a much slower rate than inflation.
A side hustle job from home can help you overcome these obstacles. Read on to find out about five cool side hustle jobs from home.
Ridesharing is now one of the most popular side hustles in the world. Today, you can catch a ride using your smartphone in a matter of minutes. If you desire, you can experience the other side of ridesharing – as the driver.
The gig economy has created many opportunities for entrepreneurs like yourself. Now, anyone can get into the rideshare business, even if they don’t own a car or smartphone. However, you must have a driver’s license and be older than 21-years-old.
Extra income and flexible scheduling make rideshare work an attractive opportunity. Today, rideshare companies also offer smartphone rentals and car leases.
2. Dog Walking
A dog walking business is relatively simple. You find people who need you to take their dogs for a walk, and they’ll pay you to do it. The great part about dog walking, however, is that it doesn’t cost much to get into it.
You can start your dog walking business as a sole proprietor, but it’s a good idea to form a limited liability corporation. If an accident happens with someone’s dog, you don’t want to get left on the hook.
Typically, dog walkers sell blocks of time that range from 15 minutes to one hour. Flexible hours is one of the top benefits of this work from home gig.
You can also choose to walk one dog at a time or walk packs. Additionally, you can offer other services such as pet sitting or obedience training.
3. House Sitting
With today’s high rent and mortgage prices, this gig could serve as your dream job. However, instead of working from home, you work in other people’s homes.
Many people are interested in getting into house sitting. It’s a way to live in beautiful houses and get paid for the privilege.
Some house sitting side hustle jobs may last months at a time. You get to live in a home and receive a stipend. You may also have access to the homeowner’s vehicle while they’re away.
House sitting is also a great way to see the world. Again, there’s a low financial barrier to entry, and you may also get to immerse yourself in different neighborhoods – or even cultures.
Private tutoring is one of the most fulfilling side hustles around. Many parents want to hire teachers for their children.
If you decide that you want to become a tutor, you must have vast knowledge of the topic that you teach. You must also enjoy working with kids.
If teaching sounds like a great gig, think about the subjects that you did well with in school. Also, think about the age range of the children that you’d like to teach.
English language teaching is also an excellent tutoring option that pays very well.
5. Virtual Assistant
If you choose to work as a virtual assistant (VA), this gig is an excellent introduction to the business world. Sometimes, VA tasks are relatively simple. For instance, you may need to teach your employer how to create a new Apple ID.
If you have administrative skills, you may find that VA work is the perfect side hustle.
Planning for Profit: Managing Your Side Business
As a part-time business owner, one of the most important things that you can do is keep your personal and business finances separated. It’s challenging to do this, however, if you only have one account. A separate business account establishes a clear boundary between your business and personal finances.
Accordingly, it’s a good idea to open up a second checking account to manage your side hustle business. Also, business checking accounts usually have features that will help you do things like make deposits and pay bills.
Get Organized to Make Tax Time Easier
There’s also another good reason to have a separate business account for side hustle jobs from home. It makes things that much easier at tax time.
Just like your day job, you need to pay taxes on the money you earn with jobs from home. It makes sense to set up a system to track your tax liability now, rather than waiting until the last minute.
The world is changing – and fast! It takes a lot to stay on top of emerging trends. If you’re looking for a shortcut, bookmark MyMillennialGuide.com and visit often.