5 Easy Ways To Earn an Extra $50-$100 Per Day

You’re putting in a lot of effort to earn that money! Similar to many others, you likely have a conventional job where you log in and out to maintain a steady stream of income. While it may not adhere to the traditional 9-to-5 schedule of the past, it ensures you have electricity, a roof over your head, and food to eat.

Due to the significant shift in work dynamics in recent years, we find ourselves residing in what is commonly known as "The Gig Economy." In this new landscape, numerous individuals no longer hold traditional full-time jobs. Instead, they offer their time and expertise through contractual work or by independently creating opportunities on a project-by-project basis from employers.

However, what if there was an opportunity to do both? You could maintain your full-time job and also earn some additional income on the side. GOBankingRates decided to consult with experts to uncover the most lucrative gigs and side hustles that can help you make an extra $50, $100, or even more on a daily basis, apart from your regular employment.

Testing

You don’t have to visit a clinic and become a test subject in a new drug trial anymore. Instead, you can participate in home-based testing that only involves using your fingers and doesn’t pose any physical risks. This type of testing involves evaluating apps and websites.

Derek Sall, Founder and leader of Life And My Finances, explains, "The tasks typically involve assessing new apps, programs, or software, focusing on aspects like user experience, visual appeal, and consistency." To find such opportunities, you can visit websites like User Testing, UTest, or Enroll, where you may need to complete a few practice tests to qualify.

According to Sall, the potential earnings from these testing gigs can range from $13 to $41 per hour.

Sall emphasizes that this is an excellent and straightforward method to earn some additional income, especially because you don't require extensive programming knowledge beforehand.

Transcription

Are you able to listen attentively and type with reasonable accuracy? If so, you could potentially earn some extra money by transcribing audio into written documents.

According to Holly Hanna, The Work at Home Woman, transcription work involves listening to audio clips and accurately typing out what you hear into written text. To excel in these freelance positions, you will need fast and precise typing abilities, a strong command of the English language, and excellent listening skills.

Hanna explains that most transcription jobs compensate based on the duration of the audio, either per minute or per hour, rather than the actual time spent working.

Nevertheless, these part-time opportunities offer great flexibility as long as you can meet the specified deadline. There are several companies worth considering, such as eScribers, GMR Transcription, and Daily Transcription.

Print on Demand

You may consider establishing a print-on-demand shop if you possess a functional printer and sufficient storage capacity for toner.

Stacey Marmolejo, a career transition coach and the creator of Franchise Prep Academy, highlights the excellent potential that print on demand offers to skilled graphic designers and artists.

Marmolejo elaborates, "Artists have the opportunity to create their designs and upload them to platforms like Etsy, where customers can purchase and download a digital file of the artwork upon payment. Subsequently, it is the responsibility of the buyer to take the design to a local print shop for printing and framing."

Additionally, Marmolejo emphasizes that print on demand can be a lucrative side gig, with the potential for daily earnings rather than just long-term accumulation. She provides an example of how artists or designers can participate in a print-on-demand service, where the majority of expenses are borne by them rather than the printer.

"When a design is purchased, the order is automatically forwarded to the print house for processing," Marmolejo explains. "As the business owner, you do not need to maintain inventory, resulting in substantially lower upfront costs."

Virtual Assisting

In recent times, an increasing number of individuals are engaging in remote work from their homes. This shift extends beyond CEOs or company leaders, encompassing their entire support teams. Even in the era of working from home (WFH), the requirement for valuable assistants remains unchanged.

Hanna highlights that the majority of virtual assistant positions necessitate availability during standard business hours. However, she also mentions that certain companies offer flexible schedules, accommodating virtual assistants to complete their tasks during the day or night.

Certain companies, like Byron, which employ virtual assistants, do have specific qualifications that need to be met and included on one's resume.

"[At Byron] this independent contracting position requires at least five years of experience and a college degree, but you can work as little or as much as you'd like and choose which projects you'd like to work on," Hanna says. "The pay rate for this role is $20-$28 per hour."

Renting Supplies

If you happen to have an excess of items in your household, you may consider leasing them to individuals who require them but prefer not to bear the full cost of ownership or have them occupy space permanently. One area of the rental market that is growing rapidly is the renting of baby supplies.

Sall remarks, "It's actually a thriving home business, and chances are, most parents have some baby products lying around." By renting out these items, you have the potential to earn an hourly rate ranging from $172 to $227!

The key is to identify your target market and customer base. Fortunately, numerous websites and companies exist that connect customers in need of baby supplies with owners who are willing to rent them out.

Sall notes that there are numerous situations where individuals might find rented baby products useful, especially when they are away from home, such as during holidays. Platforms like BabyQuip facilitate the rental process by connecting owners of baby gear with potential clients. Notably, this platform also offers liability insurance to safeguard the rented supplies from any potential damage.

Final thought
Remember, the amount of money you earn will directly correlate with the level of effort and time you invest in these activities. It is crucial to dedicate sufficient research in order to select reliable platforms. Additionally, it is imperative to be cautious of any legal or safety considerations that may arise while participating in income-generating endeavors.

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