As the New Year begins, many people will be looking for ways they can make some extra cash to save or put towards rising bills. According to a study from Fiverr, with people more satisfied working from home, it is opening up opportunities for them to add new revenue streams to their income – so what are the common ones?
Britons can rent out their car for passive income.
If someone has a vehicle they don’t need to use daily, they can rent it out to earn some extra cash with apps such as Turo, Hiyacar, Karshare and Getaround.
These apps are making it easier to hire a car for a fee. According to Which.co.uk, some owners are said to earn an extra £400 a month.
John Peate rents his Range Rover Evoque using the platform Karshare.
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He said: “I have regular bookings where people from the local area hire my car, and it brings in a steady monthly income for me.
“It means the £400 per month can be for me and my wife to enjoy. We still both work part-time.”
If people live in the following cities in the UK, there is a higher chance to earn more: London, Bristol, Birmingham, Coventry, and Manchester.
Another popular side hustle is using task apps.
Fiverr is a global online marketplace for freelance services.
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Other task apps include:
- TaskRabbit
- Tasker
- Airtasker
Delivery driving is another option. If people drive, they can earn money by delivering food.
If someone wants to work as a delivery driver, they could make some extra income by working with brands such as UberEats and Deliveroo.
Both apps deliver local restaurant food to homes and businesses, in various towns and cities throughout the UK.
Drivers are self-employed and can work when they want.
Deliveroo explains that people could receive fees of up to £16 per hour, depending on where they work.
Lastly, people can consider user testing.
User testing is a process where companies test out new products or features with a group of target users before releasing them to the general public.
As a user tester, people will be given tasks to complete using the product or feature, and they’ll provide feedback on their experience.
User testing is a great way to earn some extra money, and it’s also a great way to learn about new products and technologies, which makes for a great side hustle.
UserTesting.com customer Melanie Akinrode said: “On average for every hour you can get paid $30 (around £22) but it depends what tests you get picked for. It ranges from about $10 – $60(around £7 to £44).”
Melanie used her weekends to do this and usually the day doing different tests. She was able to make £500 in a month.