8+ Lucrative Side Hustles To Make Money
I’m always looking for new ways to make extra money in my spare time. As a busy professional with a family, having a side hustle is a great way to supplement my income while still enjoying the flexibility and work-life balance.
After researching many options, I’ve compiled this list of my top 8 picks for the best and most lucrative side hustles out there right now. With ideas ranging from rideshare driving to tutoring online, there’s something here for every skill set and interest.
Best Lucrative Side Hustles to Make Extra Cash
Below are the 8 best lucrative side hustles for extra cash. You will surely find one that suits you the best.
- Rideshare Driving
Driving for a rideshare company like Uber or Lyft is one of the most popular side hustles around. While you do need a relatively new car to qualify, it offers major perks like choosing your own schedule and getting paid quickly via direct deposit after each shift.
- Earn up to $25/hour or more during peak times
- Cash-out instantly after each shift
- Set your own schedule
- Lots of wear and tear on your car
- Dealing with passengers can be challenging
This is an easy option to start earning cash on the side quickly, although the long-term costs of extra mileage and maintenance should be considered.
- Food Delivery
Similar to rideshare driving, delivering food for services like DoorDash, GrubHub, and Uber Eats is an easy way to use your car to make extra money in your spare time. There’s huge demand for food delivery right now, making this a lucrative side hustle.
- Earn up to $25/hour during peak dinner and lunch times
- No passenger interactions
- Minimal onboarding – just sign up and go!
- Less flexible schedule – busiest during meal times
- Lots of wear and tear and gas usage on your car
The earning potential delivers pun intended) with food delivery side hustles. But you’ll need to work evenings and weekends, and the impact on your car is the tradeoff.
- Selling Crafts on Etsy
If you have creative hobbies and skills like knitting, sewing, jewelry making, woodworking, or pottery, Etsy makes it easy to sell your handmade items online. This side hustle lets you turn your passion into profit.
- Make money from a hobby you already enjoy
- Set your own prices and schedule
- Low overhead – no physical storefront needed
- It can be time consuming to make each item
- Need to handle your own marketing and photography
While it does take time to create each individual piece, awell-run Etsy shop can bring in over $1,000 per month.
- Tutoring Locally or Online
Whether privately or through a tutoring company, offering tutoring is a rewarding and lucrative side hustle. Your teaching skills are in high demand whether kids need help with homework and test prep or adults want to learn new career skills.
- Earn up to $50/hour for specialized subjects
- Flexible schedule – set your own hours
- Personally rewarding to help others learn and improve
- It can take time to build a steady student base
- Lesson planning and grading prep work involved
With expertise in academic topics, foreign languages, music lessons, or computers, your knowledge is extremely valuable. Tutoring lets you directly see the difference your teaching makes in someone’s life – while earning great side income too.
- Becoming a Notary Public
A notary public is authorized to witness and authenticate documents like real estate closing papers or car sales. It only takes a few weeks of training, exams, and an application to become a notary.
- Earn an average of $50 per signature
- Set your own schedule and work from home
- Minimal time investment to get certified
- Upfront costs for training, exam fees, supplies
- Income relies on marketing yourself to real estate and law offices
Since you get paid per signature, the earning potential depends on hustling to market yourself well to real estate agents, law offices, and car dealerships that frequently need documents notarized.
- Pet Sitting and Dog Walking
For animal lovers, pet sitting and dog walking are easy businesses to start that can be highly lucrative. Signing up with an agency like Rover helps you quickly get clients in your neighborhood.
- Earn up to $1,000/month or more
- Flexible schedule walking and sitting when you have availability
- Hang out with cute animals all day!
- Inconsistent income depending on demand each month
- Need to be available for holidays and weekends
While the income fluctuates based on demand, pet sitting remains one of the best options for fun, low-stress side hustle.
- Renting Out a Spare Room
If you have a spare bedroom, renting it out on a short-term or long-term basis can generate $500-1000+ in extra income per month. Platforms like AirBnb, Vrbo, and even Craigslist make it easy to list your space and screen potential renters.
- Very lucrative – earn up to $1,000+ per month
- Minimal time commitment after listing and onboarding renters
- Dealing with maintenance and cleaning
- Less privacy – someone lives in your space
While the process takes some diligence to find responsible renters who keep your home clean and undamaged, the earning potential makes this an extremely profitable side hustle.
- Selling Stock Photography
If you like photography, a passive approach to earning is to sell stock photos through websites like Shutterstock and Adobe Stock. These sites allow you to upload your photos to be purchased by website developers, publishers, advertisers, and more for commercial use.
- Make passive income from photos already taken
- Earn royalties on each photo re-download
- Very competitive – consistency is key
- Need an eye for commercially viable, high-quality photos
If you regularly upload diverse, unique images that commercial clients are seeking, your photo royalties can add up over time.
For example, on sites like FeetFinder, users constantly need new, specific photography that they may already create for fun or personal use anyway.
Conclusion On Lucrative Side Hustles
Finding the right side hustle that fits your skills, interests, and schedule takes some trial and error. But whether you want consistent extra cash or just sporadic income from a hobby, hopefully this list has given you some lucrative options to consider! With ideas from driving to crafting to renting a spare room, there are so many possibilities out there to suit your unique needs.
How Much Money Can I Realistically Make From Side Hustles?
How much you can make depends on the particular side hustle, how much time/effort you put in, and demand. Many people earn at least $500-1,000+ per month from side hustles. Popular options like rideshare driving or food delivery allow you to earn $15-25+/hour.
Is It Possible To Make Side Hustle Income Full-Time?
Yes, it’s possible to turn a lucrative side hustle into a full-time career. For example, many full-time Uber drivers, freelance writers, virtual assistants, and artists successfully earn a living from their side hustle alone after building it up. It requires finding an opportunity aligned with your skills that has sufficient year-round demand.
What Are The Tax Implications Of Side Hustle Income?
You are responsible for paying taxes on any income earned from side hustles. In the U.S., you will need to report the income on your tax return. Make sure to keep accurate records of earnings and expenses. Consider estimated quarterly tax payments to avoid penalties if you earn a significant amount.