7 Lucrative Side Hustles That Can Earn You Up to $200 Daily: Discover the Best Options Now!
By Stylelife
Before applying for a personal loan when facing a shortage of cash, it would be beneficial to pause and consider other options such as a side hustle that can potentially provide a quick source of income, with the added benefit of receiving payment on the same day of work.
Same-day payment options could be more accessible than you realize, whether you utilize the opportunities of the gig economy or local resources. Many companies are now offering daily pay options as a valuable employee benefit, which means that you may no longer have to wait for Payday Friday, and instead, you can celebrate payday every day.
7 side hustles that pay up to $200 per day
Receiving payment every two weeks or twice a month is widely considered the norm. However, according to Safwan Shah, the CEO of Payactiv, a company that offers earned wage access and financial wellness solutions, daily pay provides both financial and mental health advantages. Shah points out that having daily access to earnings can help workers avoid being charged substantial penalties for overdraft fees and prevent them from falling prey to predatory lending options such as payday loans. Additionally, it can alleviate stress by enabling workers to access their wages based on their own timetable rather than their employer's.
If you prefer receiving payment on a daily basis rather than every two weeks, it might be necessary to consider taking on a side hustle. In order to obtain daily pay, you can search for a side job that matches your abilities, schedule, and expected payment schedule. By comparing different options, you can find a gig that best suits your financial needs.
1. Deliver for DoorDash
If your goal is to provide your community with a variety of products, such as meals or pet supplies, delivering for DoorDash might be the financial solution you've been seeking. This app eliminates the need for shopping as you'll only be responsible for collecting and delivering orders to the designated location once you accept the delivery request.
DoorDash provides two choices for receiving daily pay: Fast Pay and Dasher Direct. Fast Pay enables you to transfer your earnings once a day directly to your debit card for a $1.99 fee. On the other hand, Dasher Direct is a fee-free service that allows you to cash out your earnings after every delivery. To utilize Dasher Direct, you must first enroll in DoorDash's Visa debit card program. However, in addition to receiving quick payments, you'll also receive a 2% cashback on gas purchases by joining the program.
Average pay: $15–$25 per hour / $120–$200 per 8-hour day
2. Drive for Uber
With Uber, you have the opportunity to choose from two side hustles: ride-sharing or delivery driving. Fortunately, you don't have to make a choice between the two. Once you sign up and get approved, you're eligible to do either one or both.
Whether you opt for ride-sharing or delivery driving with Uber, you can expect quick payment. Using Instant Pay, you can transfer funds up to five times per day for a fee of $0.85 per transaction. The money will be deposited into your bank account via your debit card.
To become eligible for Instant Pay, you must have a Visa, MasterCard, or Discover debit card and complete at least one trip successfully. After meeting these requirements, you can start using Instant Pay and receive your earnings instantly.
Average ride-share pay: $15–$25 per hour (varies by market) / $120–$200 per 8-hour day
Average delivery pay: $8–$20 per hour (varies by market) / $64–$160 per 8-hour day
3. Share your opinion on Swagbucks
Swagbucks provides an opportunity for you to monetize your opinions and more. You can earn points by watching videos, shopping online, completing surveys, or playing games from home or on-the-go with the mobile app. These points can then be exchanged for gift cards or cashback via PayPal.
Upon signing up and verifying your account, you can begin earning Swagbucks that are redeemable for cash. You can cash out as soon as you’ve accumulated enough points for a $5 PayPal Reward, which could be a daily occurrence if you manage to earn enough Swagbucks.
Average pay: $1 to $5 per day
3. Respond to surveys on Drumo
Drumo is a potential addition to your daily payday routine if you enjoy taking online surveys and playing games. After downloading and registering on the app, you'll need to fill out a brief profile survey that Drumo uses to pair you with survey opportunities.
The best part about Drumo is that you can withdraw funds to PayPal and receive them within 24 hours of earning as little as $0.50. As per Drumo, users with long-standing accounts can earn instant payouts. The app assigns a quality score to each user based on their responses, and a higher score means better chances of accessing higher-paying opportunities and instant payouts.
Average pay: Depends on the survey and earning opportunity
4. Go shopping with Shipt
It's not a myth, you can actually get paid for shopping with Shipt. You'll be responsible for shopping for customers and delivering their orders, which may include groceries, wine, pet supplies, or even items from Target or Sephora. With Shipt's Instant Pay, you can receive daily payments without any extra fees, no matter where you go.
You can use Shipt's Instant Pay to receive your earnings daily, but you need to fulfill one weekly payout through direct deposit to be eligible. After that, you can opt for Instant Pay once every 24 hours within the Shipt app, bypassing the usual weekly payout waiting period.
Average pay: $11–$20 per hour / $88–$160 per 8-hour day
5. Serve at a local restaurant
One way to make money locally is by working at a nearby restaurant or bar. You may need to complete a food handling course to apply, but earning daily tips can help you earn extra cash every time you work.
To increase your potential tips, it can be helpful to speak with current servers at the restaurant or bar you're interested in working at. You can ask about the best shifts to work and what the average tips are for a new server. Waiting tables often yields higher tips than working at a café where customers order at the counter.
Average pay: $14–$16 per hour / $112–$128 per 8-hour day
6. Work for a company offering a daily pay benefit
A new trend of apps allows employees to access their pay on a daily basis instead of waiting for biweekly paychecks, and some employers are already offering this daily pay benefit to their employees.
To access daily pay through earned wages apps such as DailyPay, EarnIn, or Instant, your employer needs to have a partnership with them. If they haven't already made an agreement, you can try to persuade them to do so. Tal Clark, CEO of Instant Financial, suggests using data to support your argument.
Clark states that "Providing access to pay right after work has been shown to boost employee engagement, making them more likely to feel connected and loyal to their employer." Data from Instant's 2022 Wages and Wellbeing survey supports this claim, demonstrating the benefits of daily pay.
According to Instant’s 2022 Wages and Wellbeing study, 79% of survey participants stated that they would be more inclined to apply for a job that provides payment on the same day they work.
62% of respondents indicated that they would feel more appreciated as employees if their employer granted them immediate access to their earned pay at the end of each workday.
58% of the respondents reported leaving their job within the last two years. If their employer offered immediate access to a portion of their pay after every day's work at no cost, they would have stayed longer.
If your employer agrees, the way you receive your funds depends on the earned wages app. Usually, you'll link a bank account, payroll card, or debit card during sign-up. Some apps provide their own debit card for accessing your money. The maximum amount you can receive and the fees for daily pay vary between companies, and can be none, fixed, or variable. For instance, Instant doesn't charge any fees, while DailyPay charges $2.99 per instant transfer, and EarnIn operates on a tipping model where you determine the fee.
Average pay: Depends on the employer
7. Donate plasma
Donating plasma can be a way to earn extra money while helping save lives in your community. Most areas have at least one donation center where you can go and get paid the same day for your contribution. All you have to do is sit back and relax while the money rolls in.
Donating plasma is similar to donating blood, and it takes around one to two hours per appointment. While the process involves a needle, it's a small price to pay for the compensation. Although payment rates vary depending on your location, you'll receive same-day payment through a debit card provided by the donation center. Some centers also offer bonuses for new donors.
You have the chance to earn money several times per month by donating plasma up to two times a week. However, note that there is an annual limit of 24 donations per person, as established by the FDA. You will receive your payment the same day through a debit card provided by the donation center, and some centers may even offer additional incentives for first-time donors.
Average pay: $50–$75 per day / donate up to twice per week and 24 times per year
The takeaway
These opportunities serve as a good starting point to look for a side job that provides daily pay. From here, you can customize your search to find the job and compensation that fit your needs.
Before diving into a side hustle that offers daily pay, it's crucial to conduct research. Check out Reddit forums and gig economy websites that provide candid reviews of what it's like to work for specific companies in your area.
In case you need money urgently before you start earning from your daily pay job, you could explore using a payday advance app to cover your expenses until you receive your first paycheck.
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