We have all had those times in our lives where we need a little more money. Maybe it’s paying off a debt or building up a nest egg for a baby that’s on the way. There are so many ways today to supplement or grow your income with a gig! Consider a few things before you get started:
How Much Time Can You Dedicate to Another Gig?
The time beyond your 9-to-5, part time job, school, etc. will strongly influence the best option for you.
How Much Income do You Want or Need?
We want it all, but it is a smart move to review what you really want or need to make your budget. This review will save you time and frustration.
What Gig is Available in Your Area?
It may seem part-time jobs are common place. However, this may not be the case everywhere. Some rural communities or those with regulations may restrict the options you have available to you. Depending on where you live. There are some great options where location is not a major hurtle.
How do you choose what gig is right for you? Here are just a few options with factors to consider:
This is a low-friction, part-time gig. It offers a lot of flexibility as most ride-share providers allow you to pick your hours. However, you need to have a vehicle for this option. That may be a hurdle to some.
Selling goods as a consultant
You likely have a friend or family member that sells make-up, leggings, food prep supplies or something similar through house parties or virtual parties. This is a great option for someone with very limited hours. However, you get what you put into it. This option is also highly dependent on networking. If you aren’t a people person, this may not be the best option for you. Some companies also require purchasing some product up-front, which may require a financial investment.
Food and Goods Delivery Services
Deliveries to your doorstep with just a few clicks is one of the great advancements of the internet-age and gig economy. There are many companies out there offering grocery delivery, food from restaurants or delivery of home staples. This is another option that often requires a car, but many urban communities offer these services by bike or foot as well.
Are you creative? Do you like to treasure hunt? Are you feeling a need to declutter? Has it always been your dream to open your own store? Well, starting online through virtual store fronts or auctions is a good way to get started. While it is best to build up some inventory, you can start up a shop through online selling or auction communities with one item! If you are just getting started, you can use these sites that generate traffic and pay for advertisement to attract new shoppers. You are benefiting from their pull and it matters less whether you have one item to sell or hundreds.
If you have a skill-set that takes time and experience to hone, (think accounting, graphic design, mechanic, hair dresser) then you may have an opportunity to take these skills beyond the 9-to-5. Freelancing or offering your skilled services is a great way to take advantage of all the work you put into learning your trade. Just keep in mind things like employment agreements, licensing and supplies if you are considering this option. You also want to make sure you are assessing the right value for your time based on skill and experience. Don’t undervalue your work!