With the increasing cost of living, many people find themselves in need of extra money to pay bills, save for a rainy day, or enjoy life. Fortunately, there are several ways to make extra money fast without necessarily committing to a full-time job or starting a business.
Whether you’re a student, stay-at-home parent, or someone looking to supplement your income, these ideas can help you earn extra cash in your spare time. Here are some ways to make extra money fast, from online opportunities to local gigs.
Here are 5 Ways to Make Extra Money Fast
Don’t waste any time. Get started with these lucrative ways to make extra money fast – we’re talking up to an extra £5k a month.
1. Become a Food Delivery Driver for Just Eat
Just Eat is an online food ordering and delivery platform that offers a flexible and potentially lucrative opportunity for those looking to make extra money fast.
As a delivery driver for Just Eat, you can set your own schedule and earn money by delivering food orders to customers. The platform allows you to work as much or as little as you want, making it a great option for those looking for a side hustle for extra money.
With the increasing demand for food delivery services, becoming a Just Eat driver can be a practical and easy way to make extra money fast, without making a long-term commitment or investment.
The trick to making up to £5k a month as a Just Eat driver is using a shift catcher like Get Open Runs. It’s a shift-catching app that automates the process of catching runs – simply let the app know when you want to work and get notified as shifts roll in. This way, you don’t have to manually sit on the app looking out for shifts – work smarter, not harder.
2. Start Freelance Writing or Editing
Freelance writing and editing can be a lucrative way to make extra money fast, and sometimes earn up to £5K monthly or more. To achieve this level of income, it’s essential to establish yourself as a professional with a niche speciality, build a strong portfolio of writing samples, and market yourself effectively to potential clients.
While many different niches within the freelance writing industry exist, some are more profitable than others. For example, technology is a rapidly growing field, and many businesses require writers who can explain complex concepts in an easy-to-understand way. The finance industry also always needs writers who can produce high-quality content on topics such as investing, personal finance, and financial planning. Healthcare, B2B marketing, SaaS and marketing are other profitable writing niches to explore.
By honing your writing and editing skills, delivering high-quality work on time, and consistently expanding your client base, you can create a thriving freelance career that allows you to earn a substantial income from the comfort of your home.
3. Rent Out Your Assets
Many people make money by renting out their assets. For example, they might rent out a warehouse to a delivery company or loan out equipment to businesses or individuals. If you already have the assets, it’s a quick and easy way to make extra money.
Here are a few ways how:
- You can put your home – or just a room – up for rent with the assistance of platforms like Airbnb or VRBO.
- List and rent out your car on Turo. This peer-to-peer car-sharing platform allows you to make money by renting your car to travellers!
- Storemates is a great way to rent out your extra storage space to make extra money fast. Whether it’s an unused loft, garage or extra storeroom, someone in your neighbourhood might need the space to store their things.
- Fat Llama is a perfect option for anyone with cameras, drones, tools, musical equipment, sewing machines, or other expensive equipment. Start renting out your equipment and make some extra money on the side.
Use multiple rental ideas to boost your income to help you reach your £5K monthly goal.
4. Get a Commission-Based Sales Job
Commission-based sales jobs can be an excellent way to earn a substantial income, potentially making £5K monthly or more. These jobs typically involve selling products or services to customers, with your income directly tied to the number of sales you generate.
To succeed in a commission-based sales role, it’s crucial to have strong communication and interpersonal skills, a good understanding of the product or service you’re selling, and the ability to build and maintain customer relationships.
You may need to cold-call potential clients, attend industry events, and follow up on leads to build a strong sales pipeline. With the right skills, persistence, and a bit of luck, a commission-based sales job can provide you with a flexible and potentially lucrative way to earn a substantial income.
5. Join The Gig Economy
The gig economy has exploded in recent years, providing many opportunities for people looking to earn extra money or even a full-time income.
There are several routes you can take:
One option is to become a freelance content creator or graphic designer, offering your services to clients on platforms like Upwork or Fiverr. By building a strong portfolio, marketing your services effectively, and providing high-quality work, you can establish a reputation and start earning a steady stream of clients.
Another option is to become a driver for a ride-sharing service like Uber or Bolt. With flexible hours and the ability to work whenever you want, you can earn money by providing rides to passengers and taking advantage of peak times for increased earnings.
Finally, if you have skills in areas like website development or social media management, you can offer your services as a consultant to businesses in need of those services. With the ability to work remotely and set your own hours, the gig economy provides many opportunities for those looking to earn a substantial income on their own terms.
Ready to Earn Extra Money Fast?
Whether you’re looking for a full-time job, a side job, or something in between, there are a variety of routes you can take to earn extra money fast. While you might not reach your £5K a month goal immediately, with a bit of persistence, dedication and quality work, you’ll quickly ramp up your earnings with the above income-generating opportunities.
For more inspiration, check out: 7 Surprisingly Lucrative Part-Time Jobs for Extra Money