Making money to supplement your income is something most people are aiming to do to help them survive each day in the face of rising costs and also build a nest egg for the future. However, knowing how best to go about making money and putting money into your reserves or just boosting your bank balance will help you to move forward easily rather than stressing yourself out trying to do something you aren’t capable of, takes too much effort and simply doesn’t work for your lifestyle.

If finding an additional income stream is something that’s been on your to-do list, then these tips can help you determine what type of work you should be looking at doing so you can make more money without adding more stress to your life.

What Can You Reasonably Do?

Before you jump feet first into a new venture, side hustle, or job, you need to really consider the time you have to spend on it. What free time do you have, and where can you find it? For some people, it might be working the evening while the kids are in bed doing some type of digital work; for others, it could be using the early afternoon hours before an evening or night shift to start that new side hustle, or others might prefer an early morning or ad hoc activity that they can dip in and out of easily. Be realistic. You still need to eat, sleep, work if you have permanent employment, and take some time to relax. Don’t overstretch yourself or be over-optimistic about what you can realistically get in a day, especially in the beginning.

What Skills Do You Have?

Next, you need to look at the skills you have and can use to help you generate an income. Do you have any qualifications that can help you to start a sideline based around this, i.e., teaching, coaching, etc, or have you accumulated years of on-hand experience in the construction trade that you can put to good use being a handyman taking on odd jobs once you finish work for the day? Look at what you can do to help you find the side hustle for you and generate some cash by doing what you already know.

What Resources Do You Have?

Your resources will play a massive part in what you eventually choose to do. If you want to take up any type of digital supplemental work, then you need a reliable internet connection and a device to work from at a minimum. If you are going to make or build something, you need to have the tools and equipment already at hand or be able to access them as required, and if you choose a delivery job, then you need access to a vehicle that can withstand the extra time on the road.

Cost

Some avenues are going to cost more to get up and running, and this is something you need to be aware of. Let’s take food delivery options. You will need to make sure you can afford the gas in your vehicle (unless you are using a bicycle to get around) and insurance so if anything does happen when driving, you’re covered. If you want to start a home baking business, you might need to invest in more equipment, such as stand mixers, and pay for licenses and permits to allow you to operate legally to give clients peace of mind; you are qualified.  If you are sending out mail, you need to be aware of the postcard postage rate 2024 so you know what to expect when sending out mailers or marketing materials.

Side Hustle Ideas

Once you have determined the answers to the above points, then you can start looking at how you can make money based on your answers. In the beginning, looking at what you can sell to make money can be a good idea. Be it listing your clothes on a preloved selling site to help you make money from items you no longer need, finding the Rolex value of a watch you have but don’t wear, this goes for any vintage or high-end watch and jewelry too, or listing your services on many of the online job sites for infrequent work to help you get started.

Other options for side hustles can include;

• Mystery shopping
• Taking online surveys
• Entering sweepstakes
• Copywriting
• Blogging
• Social media influencers or content creators
• Walking dogs
• Personal Assistant
• Affiliate marketing
• Childminding
• Cleaning
• Proof Reading

While these might not be to your liking or meet your skill set, they are some of the more popular routes people choose when it comes to taking up a new side hustle and creating extra money. Remember, by following the tips in this post, you can determine what will work for you to allow you to get started knowing it is something you can do, you have the skills expertise and resources to get started to help you do what you need to do to boost your finances.