With COVID-19 forcing everyone to be on lockdown or self-isolating, you’ve no doubt discovered that you have plenty of free time.
What if you could earn some extra income?
Starting a side hustle has many benefits. Not only can you improve your organisation and decision-making skills, but you can also enjoy the reward of some extra cash in your account.
Have a look at these ideas to see if any appeal to your skillset.
Take custom shopping orders and offer local delivery for those that may be self-isolating due to COVID-19 and can’t (or don’t want to) leave their house.
With most Australian borders closed, not everyone will have nearby family members or friends, so this could be a welcomed service in your local area.
Creating some simple letterbox notices is a cost-effective way to promote your service, plus you’ll also get some exercise delivering them.
Do you have a skill that is unique or highly specialised? Or perhaps you can do something that people often compliment you on because you’re particularly good at it?
Freelancing websites like Fiverr, Upwork and PeoplePerHour provide a simple way to advertise your skills and get some paid work during these challenging quarantine times.
Suggested hourly rates are:
$20-$30/hr for entry levels
$50-$100 for experienced professionals
Services you could offer include:
Are you a graduate or have the patience and skills for teaching? If so, why not consider online tutoring?
You can assist students from year 1 right through to University. And with online learning becoming the norm, telecommunication services such as Skype, Zoom and Microsoft Teams are common practice and easy to use.
$30-$40 if you are a student yourself or someone with little experience
$50-$120 for a well-experienced teacher/lecturer at university
If providing a service isn’t your cup of tea, another proven side hustle is to monetise those items you no longer need.
Websites like Amazon, eBay and Gumtree are well known online platforms where you can advertise your goods.
Here are some common household items that you may be interested in getting rid of.
Online courses are increasing in popularity thanks to their ease of access and value for dollar.
They offer a unique area of learning that generally isn’t available through formal institutions and the teaching method can be catered towards those that don’t enjoy making notes and exams.
Online usage has reportedly increased between 50% and 70%, so with quality content, a course could be a perfect side hustle option for you.
This is not something that can be done overnight, but once you’ve set it up, it could provide a great passive income for you for years to come.
So to get started, firstly consider how you will get your content out there. Will you be able to set up your website or perhaps use a learning portal?
Next, you’ll need to sit down and structure your content, design a learning outline (e.g. such as step by step instructions) and then create a way of assessing the skills you’ve taught.
If you are, we wish you all the very best for success.
And if by chance your side hustle goes gangbusters and you need some quick cash to help accelerate it, you may wish to consider one of our online personal loans.
*Financial Advice Disclaimer
The information in this blog and the links provided are for general information only and should not be taken as constituting professional advice from Fair Go Finance Pty Ltd.
Fair Go Finance is not a financial adviser. You should always consider seeking independent legal, financial, taxation or other advice to check how this information relates to your unique circumstances.
Fair Go Finance is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this blog.