In today’s economy, having a side hustle has become an essential way of earning extra money, whether it’s to pay off debts, save for a holiday, or to have a more comfortable lifestyle.
According to a recent survey by ONS, one in five Brits have a side hustle, with the most common reason being to increase income. In this article, we will discuss the best side hustles for additional income, based on research and statistics.
One of the most popular and convenient side hustles is to work as a delivery driver for food or retail companies.
With the rise of online shopping and food delivery services, companies like Amazon, Uber Eats, Deliveroo and JustEat offer flexible schedules and competitive pay for delivery services.
According to Indeed, the average hourly pay for delivery drivers is £10.52, making it an attractive side hustle option for people looking for additional income.
Online Freelance Work
Another lucrative option for side hustles is online freelance work, which allows you to earn money from the comfort of your own home. Websites like Fiverr, Upwork, and Freelancer offer various freelance jobs, such as graphic design, writing, video editing, and social media management, that pay on an hourly or project-based rate.
According to ZipRecruiter, the average hourly pay for a freelance writer depends on experience, but can reach up to around £50 an hour, making it a profitable side hustle option.
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Renting Out Your Property
If you have a spare room, a parking space, or an extra vehicle, you can earn extra income by renting it out. Websites like Airbnb and JustPark allow you to rent out your property or vehicle to travellers or people in need of parking space. According to Airbnb, a typical UK Host earns just over £6,000 on average per year, making it a great side hustle for homeowners.
If you have a skill or knowledge in a particular subject, you can earn extra income by offering online tutoring services.
There are hundreds of websites that offer online tutoring jobs that pay on an hourly or session-based rate. According to PayScale, the average hourly pay for an online tutor is £15.24, making it a profitable side hustle option for educators and professionals.
Pet-Sitting or Dog Walking
Another side hustle option that is becoming increasingly popular is pet-sitting or dog walking. With pet ownership on the rise, pet sitting can offer opportunities to earn extra income by providing pet care services. According to Indeed, the average hourly pay for a dog walker is £9.19 an hour, making it a great side hustle for animal lovers.
In conclusion, having a side hustle is a great way to earn extra income, and there are many options available for people looking for additional money.
From delivery services and online freelance work to renting out your property and pet-sitting, there are various side hustle opportunities that can fit your skills, interests, and availability.