This post may contain affiliate links. Disclosure.
Being deep in debt can keep you from experiencing many important milestones in life, like buying a home and starting your own family.
Millions of American consumers are burdened by debt, for instance:
• Student loans
• Credit cards
• Auto loans
• Personal loans
Furthermore, it can make you feel like you are unable to “get ahead” in life and acquire any financial security.
Unfortunately, many people don’t make enough money from their job to become debt-free as quickly as they would like.
Luckily, there are some side hustles that can earn you the extra money you need to pay off your debt faster.
Blogging can be a really fun side hustle if you have a lot of knowledge and experience about a niche that you can share with others.
For example, you could earn affiliate income by placing links to products and services – related to your niche – in your blog posts.
Each time one of your blog’s visitors clicks on a link and makes a purchase, you earn a commission from the sale. You just need to find the right products and services to promote to your audience.
Similar to affiliate marketing, you can also earn money from your blog from promotional blogging.
Basically, a brand pays you money upfront to write a review for one of their products or services. Many successful bloggers can also earn ad revenue by placing ads on their blogs.
2. Freelance Writing
If blogging sounds like a cool side hustle, you should consider freelance writing gigs as well.
For example, you could earn money writing and selling articles on a content writing service, which is how many freelance writers start out.
You could also earn extra money from writing product descriptions or guest blog posts. Just do an online search for freelance writing gigs to find potential opportunities.
3. Market Research Studies
If you are like most people, you likely have a lot of opinions about the different products and services that you use.
Well, you can actually get paid for your opinions by participating in market research studies:
• Online surveys
• Focus groups
• Discussion panels
• Product testing
These studies are created and funded by brands and market research agencies that are interested in learning about how consumers view their products and services.
While most online surveys won’t pay more than a few dollars for completing them, you can earn significantly more money by participating in focus groups and discussion panels.
For example, many of these studies often pay more than $100 and only take up a few hours of your time.
Product testing gigs are a fun way to earn a little money for trying out a new product.
You can find paid research studies by registering with market research agencies – which you can find by doing a quick Google search.
4. Teach Or Tutor English Online
One of the fastest-growing side hustles is teaching English to students on the Internet.
Most of these gigs involve helping Chinese students learn English.
Unfortunately, that means you will often have to be available at odd hours due to the time difference between the United States and China.
However, you can sometimes find tutoring opportunities in other subjects as well. You can learn more about these tutoring gigs online.
5. Make Deliveries In Your Spare Time
Not all side hustles are digital. If you have a car – or a bike in some cities – you can earn money by making deliveries to online customers.
For example, you can deliver food, groceries, or even Amazon purchases.
The great thing about delivery gigs is that you can set your own hours and make deliveries when and where it’s convenient to you.
Just make sure that you register with a reputable company to avoid getting scammed.
In short, if you feel like you are drowning in debt and are just living paycheck-to-paycheck, then it’s time to consider a side hustle in addition to your regular job.
Side hustles can help you earn some extra money in your free time – which can greatly improve your personal finances.