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#blackexcellence #sidehustle #money
Side hustles are everywhere, from walking dogs to delivering food. The 10 side hustles in this video have been ranked as some of the highest earning side hustles.
Link to "90 Days of Black Excellence" : https://a.co/d/0snjJq0
Link to Side Hustle Sites:
Task Rabbit: https://www.taskrabbit.com/
Upwork: https://www.upwork.com/
Neighbor: https://www.neighbor.com/
Etsy: https://www.etsy.com/
Varsity Tutors: https://www.varsitytutors.com/
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0:00
Everybody is looking for a way to make more money on the side
0:03
Inflation, increasing housing costs, increasing everything costs, means the dollar just doesn't go as far as it used to anymore
0:10
According to a recent bank rate survey, almost 40% of U.S. adults have side hustles
0:16
and out of those, 44% of them believe they will always need one to make ends meet
0:21
So today we will talk about some of the highest earning side hustles that you can start
0:25
and how much each one is likely to earn you, including one side hustle where some are making an insane amount of money
0:32
And no, we're not going to talk about blogging or YouTubing because although you can make millions doing both
0:38
most people just don't make any money at all. And that's just the reality
0:42
In no particular order, let's start with one of the most obvious side hustles
0:46
which is driving around people known as rideshare. Driving for Uber or Lyft is so commonplace now
0:52
that many are doing it as their main source of income and it's proven to be very lucrative
0:57
But if you already have a full-time job, you can still do it in your free time to earn extra cash to pay down debt, pay for an upcoming trip, or save a little extra every month for retirement
1:08
The requirements for this side hustle is that you have a well-running car, a smartphone, a clean-ish driving record, and be able to pass a background check
1:17
An average earning for rideshare drivers is $19.43 an hour, which is more than double the national minimum wage
1:24
At number two, we have social media management for small to medium-sized companies
1:29
Almost all businesses use social media for marketing, but not all of them can afford to have an in-house marketing department
1:36
That's why most of these jobs are outsourced on sites like Upwork and Fiverr
1:40
If you love being on and posting on social media and have a good eye for what makes great content, give this side hustle a try
1:48
You will likely be in charge of scheduling social media posts, doing research on trends, creating marketing content, and more. You can take on more than
1:56
one client at a time, and if you get really good at it, this can even turn into a full-fledged
2:01
social media marketing company. You can expect to earn anywhere between $20 and $58 an hour
2:07
depending on your experience. At number three, we have baking. Have you seen those cake videos
2:12
on social media of everyday bakers creating amazing cakes in their homes and selling them If you love baking that can be you Baking has become even more popular in recent years thanks to all those baking shows on TV and streaming services
2:27
and more and more people are taking it up as a side hustle. Most people start out by baking a cake for friends and family events
2:34
to get noticed and pass out their business cards or contacts at small events
2:39
You can take as many orders as you can handle and work from your own home at your own time
2:45
And remember, you don't have to limit yourself to baking cakes only. You can do all types of desserts
2:50
and even be in charge of the whole dessert menu at events
2:54
The cool thing about this side hustle is since baking videos have become so popular
2:58
you can also make videos of your creations or as you bake and grow your social media following
3:04
The earnings vary with skillset, but you can easily make a few hundred to thousands of dollars
3:09
each month depending on how much you take on. Next, we have selling anything on e-commerce websites
3:16
Remember in the beginning of this video, I mentioned one side hustle where some people are making an insane amount of money
3:23
Well, this is it. Websites like Etsy, eBay, Amazon, Cartel are still helping new side hustles launch every day
3:31
and you can sell pretty much anything you are good at selling. I recently read a story of a woman
3:37
making as much as $20,000 a month selling print-on-demand t-shirts on Etsy
3:42
She does research every month on trending t-shirt designs and creates her own versions of these trends
3:48
The great thing about what she does is that she's only responsible for the designs
3:53
and the company she works with takes the orders, prints the shirts, and ships them
3:58
She spends a minimum amount of time creating new designs and marketing them
4:02
And there are those who sell handcrafted items. And even though this can be more time-consuming
4:07
you can charge a premium price for your items. The earnings for this side hustle is again wide ranging
4:15
but most people make between $500 and some make even more than $10,000 a month doing this
4:21
Let me know if you have a side hustle and how it's been going for you in the comments
4:26
We would love to hear about your experience. At number five, we have renting out your spare storage space
4:32
Did you know that you can make money every month renting out extra storage space you have It like Airbnb but for other people stuff Through the app Neighbor you can offer that extra garage space you have or extra parking space for those in your
4:46
neighborhood for a fee. There is obviously very little work involved in this and you can earn an
4:51
extra of $300 to $600 a month doing it. That's enough money to cover a car payment or max out
4:57
your Roth IRA investing every single month. So not bad. At number six, we have car washing and auto
5:04
detailing. Have you seen those on-demand car washing businesses that show up to wherever you
5:10
are to wash and detail your car? You can have one of those businesses as a side hustle and earn a
5:16
good amount of money. You can make your own schedule and have repeat clients doing this side
5:20
hustle. If it's profitable enough, it can even be your main gig that you can expand by hiring others
5:27
to. A mobile car wash can cost the customers anywhere between $25 to $60, but it can go up
5:33
to $100 to $175 depending on the type of services you provide. So this can add up depending on how
5:40
many you do a month. Hi, sorry, just had to interrupt your video real quick to let you guys
5:45
know about a new project me and the team at Black Excellence finally finished called 90 Days of Black
5:51
Excellence. It's a 228 page journal that help you reach a goal in 90 days. It has quotes from popular
5:59
celebrities that embody black excellence to inspire you through your goals. It also comes
6:04
with a laws of attraction section and even ways to help other entrepreneurs and goal setters on
6:10
your journey. Proceeds go to helping writers on black excellence and shooting documentaries that
6:16
shed light on stories around the world. Make sure you get yourself a copy by clicking the link below
6:21
and thank you guys always so much for your support. At number seven we have online tutoring
6:27
If you're really good at a specific subject like English, math, science, a musical instrument, a foreign language, basically almost anything, you can set up an online tutoring business
6:38
This means you can work from your home virtually and set up your own hours
6:42
If you find it difficult to find your own students, you can sign up for online platforms such as Chelsea International Education, Wizant, or Varsity Tutors and find your own students there
6:53
You can expect to get paid anywhere from an hour to an hour depending on how you price your services At number eight we have party planning If you love working with people are great with meeting
7:05
deadlines, and have a talent for planning events then why not take up party planning on the side
7:11
There is no equipment you need to buy or investments you need to make to get into this
7:16
side hustle. Just your super organized self and enthusiasm. You can start out small by helping
7:22
plan birthday parties or baby showers and move up to the big leagues like planning weddings
7:27
The earnings for this side hustle range between $12 and $75 per hour. Plus there are commissions
7:34
you can make off vendors. And number nine, sign up for TaskRabbit. If you're a busybody that loves
7:40
to complete this task over here and that task over there, then why not make extra money by signing up
7:46
to do other people's tasks on TaskRabbit. These tasks can range between hanging TVs
7:51
cleaning, lifting heavy items, moving, etc. When you pick a task after signing up
7:58
TaskRabbit will show you your hourly rates for the most qualified taskers. Then you can set your
8:03
own price per hour. You can make as much as $70 an hour for a task. And at number 10, last but not
8:10
least, we will call this category simply as freelancing. Freelancers are people who work
8:16
for themselves rather than being employed by a company. But the skill sets vary greatly
8:21
Most freelancers find gigs on sites like Upwork and the compensation can be $20 an hour
8:27
or even $100 plus an hour. If you're great at catching grammar or spelling mistakes
8:33
you can find work as a proofreader. If you're great at writing
8:37
you can find work as a blog writer for different entertainment or corporate websites
8:41
If you're good at video editing, you can find work editing videos that range from company videos to family videos
8:47
If you are great at data ysis or website design, these gigs are out there too
8:52
You get to set your own hourly rate or project rate and work from home at the most convenient
8:58
time for you. So the moral of this video is, if you are motivated at all, there are a ton of different
9:04
ways to make extra money, be it a few hundred or a few thousand dollars a month
9:09
If you're trying to find links to any of the websites we talked about today, you can
9:13
find them by clicking below. That's it for this episode. We'll be back with more money talks
#Financial Planning & Management
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#Online Communities
#Small Business