Earn extra cash with these 11 lucrative side hustles, says millionaire—some can pay up to $2,500/month in 2023

In this you will know how to Earn extra cash with these 11 lucrative side hustles, says millionaire—some can pay up to $2,500/month in 2022

I moved from being a penniless musician to becoming a self-made millionaire in the span of 6 years. My ability to increase my money was largely a result of my side Hustles.

In addition to helping me pay off approximately $495,000 in debt, my side businesses, which included product testing, affiliate marketing, and online sales of goods, also helped me create my multimillion-dollar financial education firm.

I have assisted hundreds of people in seizing extremely good chances. Here are some of my favorite popular side hustles, some of which may bring in up to $2,500 per month, along with where to locate them:

1. Transcribing audio

Are you a proficient typer? If so, you can make at least $20 per hour transcribing audio, and if you have experience in the legal or medical fields, you can even make more.

You can capitalize on this skill by working as much or as little as you wish as a transcriptionist on websites like TranscribeMe. For Speakwrite, transcriptionists are paid between $0.005 and $0.006 every post, with the highest earners taking home an average of $3,000 per month.

Are you an excellent typist? If so, you can earn at least $20 per hour transcribing audio — and possibly more if you have legal or medical experience.

Sites like TranscribeMe allow you to cash in on that skill, and you can do as much or as little transcription work as you want. Transcriptionists for Speakwrite get paid between $0.005 to $0.006 per post, with top earners making an average of $3,000 a month.

2. Selling stock photos

You can get money by posting your excellent images on stock photo websites if you enjoy photography. They could be everyday photos that you already have on your phone or beautiful travel photos.

Bloggers and online advertisers are constantly looking for images for their websites that adhere to copyright laws. As a result, websites like Shutterstock and Depositphotos are always striving to increase their collections of photographs that are free from copyright restrictions.

You can earn between $200 and $500 each month, depending on the number, caliber, and originality of your images.

3. Babysitting, pet-sitting, or house-sitting.

Although there is a lot of competition in this field, it is still possible to advertise your services, expand your clientele, and develop a name through referrals and word-of-mouth advertising as well as reviews on the platforms you use.

The objective is to keep a steady clientele that is dependable and devoted. Housesitters can earn up to $100 per day, babysitters up to $20 per hour, and pet sitters up to $18 per hour, depending on where you reside.

4. Renting out your car

You may hire out your car on websites like Turo and Getaround, just like you would your house or apartment on Airbnb, if you don’t want to drive people around as a Lyft or Uber driver.

You enter the auto rental industry as a rival. Although there are obvious hazards, it can be highly profitable depending on your circumstances. A client I dealt with made more than $3,500 per month by renting out his automobile for two to three days a week.

If you don’t want to drive others around as a Lyft or Uber driver, you can rent out your car on sites like Turo and Getaround, just like you would your house or apartment on Airbnb.

You become the competition for the car rental company. There are obvious risks, but depending on. your situation, it can become quite lucrative. A client I worked with rented his car out two to three days a week and generated more than $3,500 a month.

5. Product testing and research studies

You can indeed get compensated for sharing your ideas. Many market research firms are in need of participants to test their goods, participate in surveys, and offer feedback on a wide range of consumer goods.

One mother makes $3 to $500 per month from her side business of product testing. The website Survey Junkie, which offers paid focus groups where members may make up to $150 per hour, is another one I advise visiting.

6. Selling unwanted stuff

You may get rid of old furniture, appliances, and artifacts that you keep in a storage locker using applications like OfferUp and eBay. You could even work for pay doing it for other people.

One Rochester, Michigan, a medical student who sold worn clothing on Poshmark made between $5,000 and $6,000 each month.

7. Mystery shopping

This is in high demand since some people view it as their ideal side business. Why not get paid as you shop when you’re already doing it?

Market research firms employ mystery shoppers to evaluate the level of service at various eateries and retail locations. To identify chances, look at websites like Elite CXS and Market Force.

The typical hourly wage for a side gig doing mystery shopping is $23, according to ZipRecruiter.

8. Junk hauling

Almost every town or city seems to have a number of services that offer to remove the trash. One side business that has the potential to become a huge company is this one.

Although 1-800-GOT-JUNK is probably the most well-known example, there are more. As a summertime initiative in Washington, D.C., College Hunks Hauling Junk has grown to include over 100 cities in the United States and Canada.

The estimated average hourly wage is $35.

9. Resume writing

Consider beginning a resume writing service if you are the go-to person for resume and cover letter advice among your peers. It is advisable to list your services on marketplaces like Fiverr and Upwork.

This is one of those side jobs where you can start to establish a reputation and gradually raise your fees. The Writing Guru, a woman’s resume writing business, got its start as a side job. She started off charging $150 per hour, subsequently raising it to $500 per customer.

10. Creating playlists

Every gathering requires a positive playlist. The business model is straightforward: Users will pay for access to carefully curated playlists, and artists who wish to promote their music will pay to have their songs included in playlists.

Independent bands may have their music discovered by Spotify playlist curators and YouTube content producers with the help of websites like PlaylistPush. For each track review, curators can make anything from $1 to $6.

11. User testing

You can download testing software from websites like UserTesting and UserZoom, then videotape yourself using a webcam while taking the test.

Customers want to hear and see how you use their website. Opportunities to do live tests where you may converse with clients in real-time may arise if you are comprehensive in your testing and provide feedback that clients find beneficial.

Earnings estimates range from $10 for exams lasting 20 minutes to $60 for longer live tests.

Self-made millionaire Jeff Lerner is the creator and CVO of the ENTRE Institute, an online learning platform that registered over 200,000 people in its first three years. “Unlock Your Potential: The Ultimate Guide for Creating Your Dream Life in the Modern World” is another book by him. Follow Jeff at @thejefflerner on Twitter.

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