In the current state of the world, it is almost impossible to survive on a minimum wage. Even if you work 40 hours a week, you will likely be somewhere below the poverty line if you depend solely on your minimum wage job. Although unsuccessful, there are ways you can supplement your income and maintain a surplus cash flow each month, giving you more financial stability while working for minimum wage. Here are 17 ways to earn extra income while working in a minimum wage job.
1. Monetize your social media content
If you enjoy posting regularly on your social media profiles and are interested in growing your followers, you should consider whether you can profit from your social media presence.
While the top earners on Tik Tok and Instagram can make millions, even low-level influencers can make a decent extra income. According to CNBC, you need a minimum of 5,000 Instagram followers and 308 sponsored posts per year to earn $100,000. It is possible to make money from social media influence, and if you have taken the time to manage your social media accounts, consider whether you can profit from these efforts. or not.
2. Start a Youtube Channel
You might be surprised at how much money you can earn by creating a successful Youtube channel. Makeup, DIY, cooking and playing games are just a few channel ideas. If you have a particular talent or interest, put it on Youtube and see if you can grow your followers and make money while doing the things you love. Who knows, maybe you’ll eventually be able to give up your minimum wage job entirely and devote all of your time to producing Youtube content.
3. Keep a pet or walk the dog
Are you a dog person? Sitting and/or walking your dog can be a fun way to earn extra income. If you work at night, walking your dog during the workday can be an especially good way to earn extra money doing a minimum wage job. Apps like Wag and Rover are great if you want information on how to get started. They connect dog sitters with pet owners looking for help with their dogs.
4. Sitting at home
Sitting at home is a great and mostly passive way to earn extra income. You’ll just need to check out your neighbor’s tree, or maybe their cat, a few times a week and you could make some extra bucks doing it. Posting on NextDoor is a great way to announce that you’re looking for a seat in your home, and once you’ve established a few regular customers, you can easily start bringing in some additional income each month.
5. Childcare in your community
Babysitting is a more practical but more lucrative job hustle on the sidelines which generates some extra cash. To find customers, try posting on Next Door or make fliers and pass them on to your neighbors. If you get along well with kids, this can be a fun way to make some extra money. According to one recent online research, The average hourly rate for a nanny nationwide is $20.57 for one child and $23.25 for two children. Perhaps you will come across a nanny contract that will pay more than the minimum wage and find a way to significantly increase your annual income.
6. Doing errands for the neighbors
Other jobs, such as raking, mowing, shoveling snow, or taking out trash, can be other ways to help your neighbors and earn extra income throughout the year. Many of these jobs are seasonal, but by spending a few weekends raking leaves in the fall, you can easily make a few hundred dollars per season.
Plus, apps like Task Rabbit will connect you with people who want to pay you in exchange for help. Moving, delivering, and crafting are common Task Rabbit jobs that can help you earn extra money each month. Taskers choose their own hours and typically earn between $22 and $62 per delivery project.
7. Performance work
Participating in the gig economy can be a flexible and profitable way to supplement your income stream. For example, driving for Lyft or Uber allows you to create your own schedule and work as much or as little as you want. You will need to have a valid driver’s license, use your own vehicle, and pass a basic background check. Each application has different requirements, but after a short initial application period, you’ll be set to start working on your own schedule.
You might also consider distributing to apps like Instacart or Doordash. Delivery apps are most lucrative during the dinner rush hour, while Instacart has more opportunities to make money during the day. Depending on your schedule, you can choose the app that best suits your other work.
8. Car or motorbike rental
If you own a car, another way to make a little extra money is to rent out your car or motorbike. According to the website of the car-sharing app Turo, the average annual income of renting a car is $10,516. If you have the flexibility to go without a car, even for just a week or two a month, this could be a great option for you.
9. Rent more space
Likewise, if you have extra space, even if it’s just a garage, you can rent it out for cash and make a decent amount of money. passive income. For example, apps like Stache and Neighbor allow you to rent out your garage, driveway, or spare room to a neighbor looking for more storage. Based on Stache’s website, an average two-car garage earns the homeowner $4,000 per year. Your abandoned basement can make you a big buck, so don’t let your free space go to waste!
10. Tutoring students in your area of expertise
If you’ve always been good at math, know a second language or play the guitar well, chances are there are parents out there willing to pay you to tutor their kids. This can be a rewarding way to impart your knowledge and spend time doing things you enjoy while also earning extra income. NextDoor, posting on community boards or handing out flyers at a school near you are some of the ways to get your name known and help your fledgling tutoring business grow.
11. Donating plasma
Not only do you save lives, but by donating plasma you can receive a generous additional income each month. The amount you can earn varies by location, but in general, you can expect to earn between $50 and $75 per donation appointment. By donating plasma regularly, you can earn up to $400 a month. Donating plasma is different from donating blood because your remaining red blood cells are separated from the plasma and returned to your body, meaning you feel energized and be ready to continue your day at the end of the appointment.
12. Become a Research Participant
There are many ways to make money as a research participant. You can sign up for a clinical trial, volunteer for a psychology study, or join a focus group. Each individual study has a different salary, but in general you can expect to earn between $50 and $300 a day. Check to see if a university near you is looking for volunteers, or apply online to be matched with researchers looking for study participants.
13. Sell crafts or goods online
Selling your crafts online is another way to earn extra income while doing the things you enjoy. If you can knit or sew, open an Etsy store and market your products on Instagram to start seeing the fruits of your labor pay off. You can also sell artwork, paintings, wood carvings, jewelry, or any other craft that you specialize in. If you haven’t specialized in any crafts yet, it’s never too late to show off your creativity and earn money while making it too.
14. Starts troubadour
If performing arts is more your style and you have no problem expressing yourself, hit the streets, put up a donation box and do your thing. Sing your favorite songs, show off your talent for breakdance, or even read poetry. While it’s all donation-based, busking, also known as street performance, gives you the opportunity to practice your art, have fun, and earn extra money.
15. Take Paid Online Surveys
To start making money from online surveys, you just need to register, fill in some basic information and wait until you are matched with surveys that match your profile. You can take home surveys on your days off so you can sit on the couch and still make money. Some survey companies even have mobile apps so you can take surveys and earn money no matter where you are – maybe even on a slow work day. .
16. Watch viral videos
That’s right — you can get paid to watch viral videos or even play video games through a company called Inbox dollars. In return for answering a survey at the end of a video or game, you will be rewarded with a small amount of money. If you are still spending your free time on your phone, you should try to take advantage of your high device time.
17. Sell unused items
The resale market is vibrant and if you have old furniture, clothing or other items, you can profit from your unused items. There are both online and in-person options for selling your content. While more convenient, if you take your clothes to a consignment store, you’ll generally make less money than if you sold them yourself online on Poshmark or Mercari.
Likewise, if you sell your furniture on Craigslist or Facebook Marketplace, it will take you longer to negotiate with potential buyers, but will likely make more money if you bring your own. I went to the thrift store. Regardless of which path you choose, it’s probably a good idea to spend some time reviewing your belongings and getting rid of items you no longer need or use.
At one time, the minimum wage was also a living wage. Unfortunately, for thousands of workers across the country, this is no longer the case and it is nearly impossible to survive on a minimum wage job. Relying on a minimum wage job can be especially difficult for those who are raising a family, going to school or hoping to invest in a home. Fortunately, there are many ways to generate extra income while working in a minimum-wage job that can help you live a more comfortable life and become more financially secure.
First published on due date. read here.
Featured image credit: Photo by Anna Shvets; Pexels; Thank you!