Here Are Some Easy Ideas to Make Extra Money
With a likely recession on the way with the start of the new year, a lot of people will be looking for ways to make extra money when times get tough. Even if things don’t get tough or don’t affect you personally, having additional sources of income makes life easier. You can build up your savings or have extra money to take care of any emergencies. Max Cash has combed through the guides and lists and hand-picked the 13 (spooky!) easiest ideas. You can start making extra money today with these methods.
7 Ideas Anyone Can Do For Extra Money
1. Sell Things You Don’t Use or Need Anymore
We all have stuff lying around that we haven’t touched or used in weeks or months or years, in some cases. An old camera, the laptop replaced by a new one, that violin you bought that you are definitely going to learn how to play this year, the list goes on. If you have something that you don’t use or want anymore, there are a variety of options to be able to turn that item into extra cash in your pocket.
Sell items you no longer need or use on online marketplaces such as eBay, Facebook Marketplace, or Craigslist. You can even sell things locally so that you don’t have to worry about shipping costs. But you widen your potential buyers if you can ship. Ebay and other sites provide purchase protection for buyers and sellers. Though with Facebook Marketplace and Craigslist and sites like them, be wary of scammers as no protection is provided.
2. Sell or Exchange Gift Cards on GiftCash and CardCash
Speaking of selling things you won’t use, how long have you had a giftcard to a store you’ll never visit? Now you can sell it for cash or exchange it for something you will use, like Amazon. That is basically as good as cash.
According to GiftCash, you can get up to 93% of the value of a gift card in cash. You can often get equivalent value when you exchange them. By exchanging or selling a gift card, you can put the money towards something you need. Essentials like food and clothes can always help, and cash can be used for anything. You might be surprised how much you can get for old gift cards you forgot you had.
3. Donate Blood or Plasma
Only for those with a sufficient amount of iron in their blood! But certain requirements must be met in order to donate blood or plasma but a lot of people can. Plasma can be donated more frequently than blood and you can generally earn about $50 per donation, though sometimes more.
You can donate plasma up to twice a week but blood donations can only be done once ever two months. These are general guidelines and some locations may make you wait longer than these minimums. But if you meet the requirements and aren’t squeamish about needles, you can pick up a little extra to get by.
4. Participate in Paid Medical Studies or Clinical Trials
If you need more money than just donating blood or plasma, medical studies and clinical trials pay more. On average, you can make anywhere between $50 and $300 per day. The average pay for participating was a little over $3,000! But average means many were paid less and there are caveats.
While more lucrative than donating blood or plasma, there are risks. Medical studies and particularly clinical trials could include nasty side effects. You are testing a new medication usually, after all. So that should be carefully considered before taking the plunge, even if it pays well. And the more dangerous, typically the more it is paid. But it is an option if times get desperate.
5. Do Odd Jobs or Tasks Locally through a platform like TaskRabbit
If you have free time, you can spend it helping others do something for a little extra cash. TaskRabbit allows you to sign up to do various jobs and tasks that others need or want help doing. If you like cleaning or putting together Ikea furniture, someone is probably looking for help. They even offer advanced services like electrical work, though these require experience and certifications in some cases.
After Registering as a Tasker, you can make anywhere from $15 to over $50 an hour. This obviously depends on the skills required and the difficulty. But anyone can put extra money into their pocket by signing up. Even at the low end, just seven hours of work would put an extra $100 in your pocket. More for in-demand jobs and tasks, so consider this option if you need money.
6. Freelance in areas such as writing, editing, graphic design, web design, or social media management
If you have skills or even aspirations as a writer, editor, graphic or web designer, or if you know a lot about social media, you can freelance on the side to make extra cash. Apps like Fiverr, Upwork, and Freelancer.com can be great for advertising your services and picking up extra work on the side. If you already do this for a living, it can be a great way to expand your client base and find new sources of income.
Whatever your talent may be, you can probably find someone willing to pay at least a few bucks for you to make or manage something for them. There are many businesses and start ups that need someone to make social media posts and often pay fairly well. Not to mention the experience it gives you, which can help you get more gigs. Or even add to your resume and potentially get you a new, higher-paying job.
7. Offer Photography or Videography Services for Events and Special Occasions
This can be a great way to make some extra cash. Especially if you already own still or video cameras but they can be rented for reasonable amounts. Many high-end smartphones often have more than adequate photo and video quality built in. Often jumping into such projects and events can help you learn and gain experience even if you are new to the industry.
There are also a wide variety of books available as well as YouTube and other video tutorials to teach you. With tools like these, you can be getting paid for your work in no time if you put in a little effort to improve your skills.
Marketing your services can be harder but previously mentioned platforms like Fiverr and Upwork as well as Craigslist can spread the word. Once you get your name out there, it is generally easier to find new gigs. Building a portfolio also helps you attract new business and prove your skills. This is probably the hardest of these easy ways to make money. It is also one of the most fun and rewarding ways as well. So keep that in mind, particularly if you are creative or already have a passion for it.
2 Ideas For Those With Extra Space Around The House
8. Rent Out A Spare Room to a Roommate or on Airbnb
If you have a spare bedroom, and times get hard, you can always take on a long-term roommate to help cover the monthly expenses. Or if you are not into the idea of renting it long-term, you could rent it by the night on Airbnb. There was even a case in San Francisco of someone renting out space in the living room. The renter built a little pod for privacy but took it down after violating the fire code.
Which does stress the importance of knowing any local laws or HOA rules before trying to rent out space. Whether it is a roommate, which is generally less restricted, or on platforms like Airbnb, you should know what you can and can’t do. But if it is an option for you, it can definitely reduce the stress involved in making rent or paying the mortgage.
9. Rent Out Spare Storage Space on Sites like Neighbor and Stache Storage
This one relates to the first because it is about utilizing extra space you have in your home. Only in this case, you are just taking a person’s stuff, rather than the person, into your home. If you have garage space for a car, or even just storage space in a spare room or basement, you can rent it out to someone else month to month.
You can make an average of around $300 to $500 a month according to Stache Storage. That can definitely help pay the bills or buy groceries. Much less hassle as it is a very passive way of making money. You generally have to deal with the “tenant” less, as they are storing things rather than staying there themselves. And who couldn’t use an extra couple hundred dollars a month just to put empty space to use.
4 Ideas That Work For Those With A Car
10. Drive for Ridesharing Services like Lyft and Uber
This one shows up on lists all the time, but for good reason. Especially since both services provide insurance while you are driving for them, you don’t have to worry about that. Insurance can be a terrible headache, but Lyft and Uber take care of it for you. Not to mention you can set your own hours and there are often incentives to drive during peak times. You even get tipped by your riders, which can really add up.
Of course, this tip and the rest only apply to those that have their own car. Ride-sharing services can provide rentals, though that has been a problem since the pandemic. You may want to check if you are leasing whether you can drive for ride-sharing services. But if you can, it can be very worthwhile. One website put the average hourly rate for Lyft at $18. That certainly makes it better than some other methods. Though you do have to worry about gas and wear and tear on your car.
But driving for ride-sharing is certainly one of the more convenient ways to make some extra money. It only takes a few minutes to sign up, though you do generally need your car inspected. Once that is done, whenever you feel like driving, you can make some extra money.
11. Make Deliveries for DoorDash, UberEats, or Instacart
Along the same lines as the previous idea, and just as often recommended, making food deliveries. DoorDash and UberEats essentially do the same thing, whereas Instacart is more like shopping for someone. Rather than just picking up food and taking it to the customer, Instacart generally requires that you shop for the individual items. Then you deliver it to the customer. But they share the same idea.
Signing up is usually easier, as you don’t have to worry about a passenger. You may even be able to sign up with a bicycle! (Though check first.) As long as you can get the food and get it to the customer, you can make food deliveries. DoorDash pays $6 per delivery and you keep all tips. The average delivery driver can make about two and a half deliveries in around an hour. So that is $15 plus tips per hour. Again, not too shabby just for having a car and spare time.
Always worthwhile if you need to build up savings or cover some sudden expenses. These first two combined, ride-sharing and food delivery, make a great side hustle to put extra cash in your account.
12. Rent Your Car Out on Getaround and Turo
Much less well-known but renting your car when you aren’t using it can bring in extra money as well. If you want to make passive rather than active side money, this option works wonders. It is much like renting out your spare space mentioned above, but instead, rents your car.
If your car spends more time in the garage than on the road, this can put more money in your pocket without being an inconvenience. Or if you are heading out of town but not taking your car, you can rent it while you are gone. Getaround regularly offers bonus incentives you can take advantage of to make even more money.
Though sharing a car can wrack your nerves, it can help pay the bills. This is an option to consider if you don’t want to drive actively for ride-sharing services or other side hustles. Who doesn’t like making money while they relax at home or on vacation?
13. Advertise for companies with a car wrap on Carvertise
Just driving your car normally can get you money with a service like Carvertise. You put a wrap on your car with a brand or logo and get paid. You can earn anywhere from $450 to $1500 per campaign, which means how long you have the wrap on your car. It was designed for those other ride-sharing services and their drivers, but anyone can sign up. If you are approved, you can get a cool wrap for your car and start earning money just driving as normal.
If you are a DoorDasher or Lyfter, this can make you a triple threat. You’ll earn money driving in three different ways, all for owning a car. You may even be able to turn your side hustle of driving into your only job. Give these ideas a shot today and your bank account will thank you.
Ideas For Those Needing A Loan
At MaxCash, we strive to always bring you the best offers from the widest range of providers. If you are tight on money, especially in these harder times, we have the best loans and credit cards to help you make ends meet. With a recession likely on the way, (shameless self plug to our guide here) we know it can be hard. That is why we do the work and match you to multiple offers, including four credit card providers. Max Cash offers personal, installment, and title loans as well. Whatever your needs, we are ready to give you the max cash!