Side Hustles

Apache is functioning normally

Apache is functioning normally

Are you looking for the best side jobs for teachers? Teaching is a great career choice and teachers are very much needed in the world. Unfortunately, though, it is not the highest-paying job that exists. Due to that, you may be looking to find ways to make extra money as a teacher. Side hustles for…

Are you looking for the best side jobs for teachers?

Teaching is a great career choice and teachers are very much needed in the world. Unfortunately, though, it is not the highest-paying job that exists. Due to that, you may be looking to find ways to make extra money as a teacher.

Side hustles for teachers are great because they can help you make extra income, pay off debt, save for a vacation, and more.

Teachers have many useful skills, which make them a great fit for many different side hustles alongside their main teaching job.

Quick Summary on Side Jobs For Teachers:

  • Online tutoring and selling lesson plans are popular side jobs for teachers that use their existing skills
  • Selling crafts, selling printables, or teaching online courses can be a nice creative outlet
  • Short-term and seasonal side gigs like coaching sports or teaching summer school may be better for your schedule than year-round gigs

Best Side Jobs For Teachers

There are 36 side jobs for teachers listed below. If you want to skip the list, here are some jobs that you may want to start learning more about first:

Below are 36 side hustles for teachers.

1. Sell educational printables

Selling educational printables can be a great way for teachers to make extra income and it is great for anyone who wants to learn how to make passive income as a teacher.

An educational printable is a teaching resource, either digital or physical, that educators create to help with learning.

Other teachers buy these for their classes and so do parents.

Educational printables are things like math problems, vocabulary cards, and science experiments. They work for different grades and learning goals, making it an easy way to add to regular teaching or homeschooling. You can share these resources online or print them for in-person classes, making them a helpful tool for improving education.You can learn more at How I Make $400,000 Per Year Selling Educational Printables.

Do you want to make money selling printables online? This free training will give you great ideas on what you can sell, how to get started, the costs, and how to make sales.

2. Tutor online or in person

Tutoring services or helping kids get ready for standardized tests either online or in person can be a great side hustle for teachers.

This option can be a natural fit, as you can use your teaching skills to tutor students.

To start, check out different online tutoring websites like Tutor.com or you can also do in-person tutoring sessions. For in-person tutoring sessions, you can contact local tutoring companies or promote your services on social media or in local Facebook parent groups for your area.

3. Sell your lesson plans

As a teacher, you already make lesson plans for your classes. You can actually sell your lesson plans, earn extra money, and help other teachers.

The most popular platform for this kind of side job is Teachers Pay Teachers (TPT). Here, you can upload your lesson plans, activities, assessments, and other educational resources. Each time someone purchases one of your items, you’ll earn some income.

Lesson plans need to be well-organized, easy to understand, and tailored to specific grade levels and subjects (such as fifth grade math). You should include clear objectives and step-by-step instructions to make your lesson plans more appealing to potential buyers.

4. Coach a school sport or other after-school program

Coaching a school sport is something that you can do within your own school district as many schools are in need of help with their sports teams.

Some sports and after-school programs that can be a teacher’s side hustle include soccer, basketball, volleyball, and track-and-field, as well as clubs such as yearbook, chess, choir, and more.

5. Start a dog bakery

Starting a dog bakery can be a fun side job for teachers who love both dogs and baking.

You can make an extra $500 to $1,000, or even more, each month by making treats for dogs. You can make dog treats like cupcakes, cookies, cakes, and more.

You can learn more at How I Make $4,000 Per Month Baking Dog Treats (With Zero Baking Experience!).

6. Sell crafts on Etsy

Selling crafts on Etsy can be a great way to make extra money by being creative.

Etsy is a website where people from all over can buy and sell handmade and digital products.

Some ideas for products you can create and sell on Etsy that are teaching-related include:

  • Classroom decor items
  • Educational games and activities
  • Customized planner pages and stickers
  • Flashcards and study materials

Of course, you can create things that aren’t related to teaching at all, such as knitwear, jewelry, and more.

7. Sell on Teachers Pay Teachers

Teachers Pay Teachers (TPT) is a site specifically for educators to buy and sell educational materials, and this is a popular teacher side hustle. If you’ve developed lesson plans, worksheets, or other teaching tools for your classroom, you can share and earn from them on TPT.

I know I talked about selling education printables and lesson plans above, but I want to talk more about Teachers Pay Teachers in its own section because it is such a popular teacher side hustle.

You can sell:

  • Lesson plans and unit studies
  • Worksheets and printable activities
  • PowerPoint presentations and interactive notebooks
  • Posters, charts, and visual aids

For example, I looked on Teachers Pay Teachers and searched for third grade lesson plans. There, I found over 49,000 results such as math lesson plans about rounding, substitute teacher plans for third graders, reading comprehension lesson plans, and more. Here’s an example of one that you can look at.

The average teacher on Teachers Pay Teachers can make around $300 to $500 extra, but there are some teachers that make hundreds of thousands of dollars extra each year.

8. Babysit

As a teacher, you may find that babysitting is an easy side job to pick up, and, depending on where you live, you may be able to earn around $15 to $25 an hour. Parents love hiring teachers as babysitters because they have so much experience with children.

While babysitting, you’ll find that your existing skills from teaching make a difference in providing the best care possible.

9. Teach English as a second language online

Teaching English as a second language (ESL) online is a popular side job for teachers. As an online ESL teacher, you can help students learn English and work from home.

Most jobs require you to be a fluent English speaker with a bachelor’s degree.

10. Teach summer school

One of the obvious ways for teachers to make extra money in the summer is to teach summer school.

It’s a great way to make use of your teaching skills while earning extra income. Plus, summer school takes place during summer break, so it should fit well with your schedule of already being off from school.

11. Summer camp counselor

Another great option during the summer months is to become a summer camp counselor.

As a counselor, you’ll supervise children in activities such as sports, arts, and crafts. Camps are always looking for instructors with teaching experience, making this a good side job for educators.

12. Grade papers

Grading papers as a side job may appeal to you if you’re looking for a more flexible, at-home option.

Companies such as Measurement Inc. hire teachers to grade student work, such as essays and test answers.

They are hiring evaluators to score in the subjects of English, mathematics, science, and more and pay starts at $15 per hour.

13. Work at a restaurant

If you’re looking for something completely different from teaching, you could take a part-time job at a restaurant.

Working in restaurants can be a good fit for teachers because they often offer flexible hours that can align with your teaching schedule. You can choose jobs like being a server, host, and more.

14. Proofread

As a teacher, you are probably already a great proofreader and are able to spot mistakes easily. With these skills, proofreading can be a great side job. By proofreading, you can help authors, website owners, students, and more improve their writing while earning some extra income.

Even the most skilled writers can make mistakes in grammar, punctuation, and spelling. That’s why hiring a proofreader can be very helpful for pretty much anyone and everyone.

If you want to find online proofreading jobs, I recommend watching this free 76-minute workshop all about how to get started proofreading.

Recommended reading: 20 Best Online Proofreading Jobs For Beginners (Earn $40,000+ A Year).

15. Blog

Blogging can be a fun way for you, as a teacher, to make extra money from home. Many blogs are run by teachers, and I completely get why – you can blog in your spare time and you don’t have to stick to any formal schedule.

To start your own blog, first, choose a topic that you’re interested in writing about, maybe something related to your teaching field or a hobby you enjoy.

You can make money from your blog in ways such as:

  • Affiliate marketing – Share links to products or services related to the topic you are writing about, and earn a commission for sales generated from your referral links.
  • Advertising – Include display ads or sponsored posts on your blog.
  • Courses and ebooks – You can create courses or ebooks related to your area of expertise, and sell them through your blog.

Since I began Making Sense of Cents, I’ve made more than $5,000,000 from my blog, and it all started as a side job.

Learn more at How To Start A Blog FREE Course.

Similar to blogging, a teacher could also start a YouTube channel, a TikTok, and more.

16. Freelance write

If you are looking for side jobs for teachers from home, then becoming a freelance writer can be a great choice.

Freelance writers write content for blogs, websites, magazines, newspapers, advertising companies, and so much more.

You can find different writing jobs on platforms like Upwork and Fiverr, or even find clients on your own, such as by reaching out to websites that you are interested in writing for.

Recommended reading: 14 Places To Find Freelance Writing Jobs – (Start With No Experience!)

17. Transcribe

An online transcriptionist’s job is to listen to video or audio files and then type out everything that they are hearing. There are many different types of transcriptionists, such as legal, general, and medical transcriptionists.

This job requires strong typing and listening skills, and you can work from home on your own schedule.

Transcriptionists earn around $15 to $30 per hour on average.

I recommend watching FREE Workshop: Is a Career in Transcription Right for You? You’ll learn how to get started as a transcriptionist, how you can find transcription work, and more.

Recommended reading: 18 Best Online Transcription Jobs For Beginners To Make $2,000 Monthly

18. Flip used items for resale

Flea market flippers find underpriced items at flea markets, yard sales, and thrift stores, then resell them for a profit. This job requires a good eye for finding valuable items that you believe can be sold for a higher price.

As a teacher, you could find and sell items in the evening, on the weekends, over holiday breaks, and in the summer. You get to make your own schedule, and it can be however many or few hours as you want.

Some items that you can resell include:

  • Vintage furniture
  • Collectibles, such as toys, coins, stamps, books, and more
  • Sporting equipment
  • Clothing
  • Electronics

I recommend signing up for a helpful webinar on this topic, How To Turn Your Passion For Visiting Thrift Stores, Yard Sales & Flea Markets Into A Profitable Reselling Business.

19. Bookkeep

Bookkeepers are people who keep track of all the money-related things for businesses. Bookkeepers do tasks like:

  • Tracking income
  • Organizing expenses
  • Making financial reports

This is typically a flexible job that you can do from home on your own time.

You can join the free workshop that focuses on finding virtual bookkeeping jobs and how to begin your own freelance bookkeeping business by signing up for free here.

Recommended reading: How To Find Online Bookkeeping Jobs

20. Sell Canva templates

Creating and selling Canva templates online allows you to work from home in your free time.

A Canva template is like a pre-designed layout that you can use for creating things like social media graphics, Pinterest pins, ebooks, or presentations. It is a helpful starting point if you’re not very skilled at designing from scratch. Business owners, marketing professionals, nonprofit organizations, educators, event planners, restaurants, and more buy templates all the time.

Canva templates come with blank spaces where buyers can add their own words or pictures, adjust colors and fonts, and more. They’re useful for people who want their graphics to look high quality without spending a lot of time in the process (or perhaps they don’t know how to do it so templates help them a lot!).

Making and selling Canva templates can be a great way to earn extra money as you only need to create them once, and then you can sell them as many times as you’d like.

Recommended reading: How I Make $2,000+ Monthly Selling Canva Templates

21. Rover (walk and watch pets)

Rover is a website that links pet owners with pet sitters and dog walkers. You can do this job on the weekends throughout the year, or simply only open up your schedule during the summer months. It is up to you.

Getting started is easy on Rover – you set up a profile that talks about your experience with pets and the services you can provide, like dog walking, pet sitting, and house sitting.

Then, you will receive requests from customers and talk about pricing. Rover takes care of processing payments, and you’ll receive payments directly into your account.

You can sign up for Rover here.

22. Care.com

Another platform for finding pet and house sitting side jobs is Care.com. Care.com is not limited to pet care and includes other caregiving services, such as childcare and senior care.

You can browse available jobs in your area and apply to those that match your skills and interests. Care.com also allows clients to contact you directly for your services after you’ve created a profile. Once a job is completed, you’ll receive payment through the site.

23. Be a virtual assistant

A virtual assistant provides administrative, technical, or creative support to clients from home.

Some of the tasks you might do as a virtual assistant include managing schedules, responding to emails, making travel arrangements, handling social media accounts, and even writing articles or creating presentations.

If you want to become a virtual assistant, I recommend taking the free workshop called 5 Steps To Become a Virtual Assistant.

Recommended reading: Best Ways To Find Virtual Assistant Jobs

24. Be a food photographer

Food photography can be a fun and creative way to earn extra income during your free time. Food photographers do just that – take pictures of food.

Whether you’re working directly for restaurants, magazines, or on a freelance basis, this job allows you to use your skills and interests to create beautiful images.

You can learn more at How To Become a Food Blog Photographer And Earn Over $50,000 Each Year.

25. House sit

As a teacher, you might be looking for ways to make some extra money during breaks or weekends. One option to consider is house sitting, and this is when you watch someone’s home (such as watering their plants and collecting mail) and sometimes take care of pets while their owners are away. People also hire house sitters so that their homes aren’t sitting empty because a visible presence can deter potential thefts.

To get started in house sitting, you can join house-sitting websites to find opportunities in your area, or ask friends and family for referrals (you might want to start by house sitting for people you know and then ask for references that you can use to broaden your job search).

26. Rent out an unused room in your home

If you have a room in your home that you are not using, then you may be able to rent it to someone on either a short-term (such as by becoming an Airbnb host) or long-term basis (getting a full-time roommate).

I have rented out rooms many times in the past, and it was a great way to make some extra income for space that I wasn’t using.

You can learn more at What You Need To Know About Renting A Room In Your House.

27. Rent your garage space

If you have empty storage space, such as a garage, driveway, closet, basement, or attic, you may be able to rent it out and make extra money. This can be a lucrative side hustle where you don’t have to use up much of your spare time.

You can use Neighbor to list your extra space for rent and make up to $15,000 per year by doing so. With Neighbor, you can rent out your garage, driveway, basement, or even a closet.

You can sign up at Neighbor for free here and list your space.

You can also learn more about Neighbor at Neighbor Review: Make Money Renting Your Storage Space.

28. Rent out a photo booth

Renting a photo booth can be a fun side job for teachers.

To get started, you will need to buy a photo booth as well as things like backdrops and props for people to hold in the picture (such as hats, signs, fun things to hold, etc.).

On average, photo booth rentals can range from $500 to $1,000 per event, and in some cases, even more for specialized events or packages with additional features.

I have personally rented a photo booth for an event in the past, and it was a lot of fun!

29. Online surveys and focus groups

Taking online surveys and answering questions for focus groups is very part-time and can be a way to side hustle for teachers.

You share your thoughts plus answer questions and can earn cash or free gift cards.

The survey companies I recommend signing up for are:

  1. American Consumer Opinion
  2. Survey Junkie
  3. Swagbucks
  4. InboxDollars
  5. Branded Surveys
  6. Pinecone Research
  7. PrizeRebel
  8. User Interviews – These are the highest paying surveys with the average being around $60.

Recommended reading: 18 Best Paid Survey Sites To Make $100+ Per Month

30. Voice over act

A voice-over actor is the person whose voice you hear but don’t see in YouTube videos, radio ads, educational videos, and more.

Different companies need a wide variety of voices, and that’s where you come in.

Recommended reading: How To Become A Voice Over Actor And Work From Anywhere

31. Mystery shop

I was a secret shopper in the past, and there were often mystery shops that gave me $100 to put toward a free dinner. I always looked forward to these, as I was living paycheck to paycheck, and I used these restaurant mystery shops to reward myself every now and then.

There were other mystery shops that paid me actual money, and some paid me in free items, such as makeup, movie theater tickets, and car oil changes.

Companies hire mystery shoppers to get an understanding of their customer’s experience. Companies want to know a real product opinion, how the customer felt they were treated at their business, how phone calls were handled, and more.

Basically, mystery shopping is a way to anonymously test the entire shopping experience.

You can learn more at How To Become A Mystery Shopper.

32. Fitness trainer

Fitness trainers help people reach their health goals through customized exercise plans and nutrition advice. This is typically a job where you can choose your schedule, so you can choose to work hours outside of your teaching job, such as in the evenings and on the weekends.

I actually know a few teachers who are fitness trainers on the side, so it must be a good fit!

Another positive is that you can even choose between in-person and online coaching. Online coaching can mean that you can work remotely, making it a more flexible side job for teachers looking to earn extra income.

33. Find random gigs on Craigslist

As a teacher looking for side jobs, you can look for random gigs on Craigslist to earn some extra income. To begin your search, simply go to the Craigslist website and select your city from the home page.

Here are some jobs I found through a quick search:

  • Cleaning a house
  • Help assembling furniture
  • Taking down a shed in a backyard
  • Garage cleanup
  • Mover
  • Handyman
  • Movie extra
  • Sign holder

You can even post your own services on Craigslist if you have a skill you’d like to share with others, such as giving music lessons or tutoring.

34. Deliver groceries with Instacart

Grocery delivery services are popular because there are more and more people who want someone to do their grocery shopping for them.

Services like Instacart need personal grocery shoppers, and the average shopper makes $15 to $20 an hour to deliver groceries. Drivers are paid per order, and you get to keep 100% of your tips. You also get to choose your schedule, so a teacher could choose to work in the evenings or on weekends. Or, you could choose to only deliver groceries during the summer.

You can click here to sign up to be an Instacart Shopper.

You can also learn more at Instacart Shopper Review: How much do Instacart Shoppers earn?

There are many other gig ideas that you can try out too, such as Uber Eats and DoorDash.

35. Real estate agent

Some teachers are real estate agents on the side of their full-time job as a teacher. This is because you can list and sell homes on your weekends, during breaks, at night, and over the summer.

Selling homes can be more difficult, though, as your clients may want your full attention during the day occasionally and you would be busy teaching, so this is something to think about.

36. Driver’s ed teacher

A common side hustle for teachers is teaching driving lessons to teenagers and adults. As a teacher, you may be able to check if the high school near you is in need of a teacher for this subject. Or, you can reach out to a local driving school to see if they are hiring.

Driving instructors make around $20 an hour more or less, depending on where you live.

Frequently Asked Questions

Below are answers to common questions about side hustles for teachers.

How can I make money on the side while teaching?

Some good side jobs for teachers include tutoring, freelancing, transcribing, blogging, selling lesson plans, and more.

What can teachers do to make extra money?

Teachers can do a lot of things to make extra money, such as jobs like tutoring, freelance writing, blogging, or creating educational printables.

What is a second career for teachers?

Second careers for teachers can include jobs such as educational consultants, curriculum developers, or even working in corporate training and development.

Do most teachers have 2 jobs?

Many teachers have two jobs. This is for many reasons, such as the typically low pay of a teacher as well as teachers wanting to make money while they are off in the summer.

How to make extra money on Teachers Pay Teachers?

Teachers can make extra money on Teachers Pay Teachers by selling lesson plans and printables.

How can teachers make money in the summer?

Teachers can make money when they’re off in the summer by teaching summer school, helping students with test prep, babysitting, selling lesson plans, working at a restaurant, working as a real estate agent, and more.

What to do after quitting teaching? How do you pivot out of teaching?

Quitting teaching and moving on to something else will take a few steps, and you can begin by thinking about your skills and interests. Then, start exploring different job options and connect with people in the field you’re interested in, attend industry events, and consider getting any certifications that you may need.

How can teachers earn extra income through online tutoring?

Sites like Tutor.com look for teachers to tutor students remotely, and you can even offer your services through social media.

How can a teacher make six figures by utilizing their skills?

While it’s not always easy for teachers to earn a six-figure salary, it is possible if you find ways to make extra income or by starting a business of your own.

What opportunities do music educators have for side income?

Side income ideas for music educators can include jobs like giving private music lessons or working as a weekend or evening instructor at a music school. Music educators can also sell lesson plans (I found some examples on Teachers Pay Teachers here).

What are some good side jobs for teachers?

I hope you enjoyed this article on the best side jobs for teachers.

Whether you are looking for side jobs for teachers from home, side jobs for teachers in the summer, or if you want to learn how to make passive income as a teacher, there are many ways to make extra money as a teacher.

Some of the best side hustles for teachers include:

  • Sell educational printables
  • Tutor online or in person
  • Sell your lesson plans
  • Coach a school sport
  • Start a dog treat bakery
  • Sell crafts on Etsy
  • Sell on Teachers Pay Teachers
  • Babysit
  • Teach English as a second language online
  • Teach summer school
  • Summer camp counselor
  • Grade papers
  • Work at a restaurant
  • Proofread
  • Blog
  • Freelance write
  • Transcribe
  • Flip used items for resale
  • Bookkeep
  • Sell Canva templates
  • Rover (walk and watch pets)
  • Virtual assistant
  • Food photographer
  • House sit
  • Rent out an unused room in your home
  • Rent your garage space
  • Rent a photo booth
  • Online surveys and focus groups
  • Voice over act
  • Mystery shop
  • Fitness trainer
  • Find random gigs on Craigslist
  • Deliver groceries
  • Real estate agent
  • Driver’s ed instructor

What do you think are the best ways for teachers to make extra money?

Source: makingsenseofcents.com

Apache is functioning normally

Apache is functioning normally

If you decide to file for bankruptcy, you must next decide which type of bankruptcy is right for you. Most individuals have three options, and understanding Chapter 11 vs. Chapter 13 vs. Chapter 7 is important in making the right decision. 

Bankruptcy can be complex, and even a small mistake in how you file can substantially change the outcome of your case. It’s typically a good idea to consult an experienced bankruptcy lawyer before you file a bankruptcy petition. However, we’ve provided some basic answers below to the question, “What is the difference between Chapter 7, 11, and 13 when it comes to bankruptcy?”

In This Piece

Understand the Types of Bankruptcy

Bankruptcy is a way to reorganize your debts or get your debts dismissed because you’re insolvent. “Insolvent” is simply a financial state where you can’t pay your bills—usually because your debts outpace your income. 

People can end up in this situation for a number of reasons. It may be that you lost your job or had reduced income—job losses due to the COVID-19 pandemic are just one example of when this can happen. In other cases, people have unplanned expenses such as medical bills that can put them over the edge financially. Bankruptcy does have some benefits, such as potentially putting a stop to wage garnishments or foreclosures. 

Regardless of how you ended up in this position, it’s important not to jump immediately to bankruptcy. Consider all of your options and speak with an experienced bankruptcy attorney to understand whether bankruptcy will help you.

How Do You Know Which Bankruptcy Type is Right for You?

This is a complex personal or business finance question. Consider talking to an attorney to understand your financial and legal situation. An experienced attorney can quickly apply means tests and other information to your case to help you understand what your options are.

What Is Chapter 11 Bankruptcy?

According to the United States Courts, individuals and business entities can enter into Chapter 11 bankruptcy. Typically, this type of bankruptcy is a reorganization of a business. Through the bankruptcy, the debtor restructures and then creates and implements a plan to pay back creditors.

The plan must be approved by a Trustee appointed by the court. The Trustee is typically in charge of implementing and overseeing the plan, ensuring that the business has the income and resources to follow through with it. Once the plan is completed and confirmed, any remaining debts under the bankruptcy are discharged.

This is an extremely simple summary of how a Chapter 11 bankruptcy works. In reality, they can take years and involve numerous legal proceedings on behalf of the person or business filing as well as the Trustee and creditors. 

What Is Chapter 7 Bankruptcy?

The main difference when it comes to Chapter 7 vs. Chapter 11 bankruptcy is that Chapter 7 is a liquidation plan. That means there’s no repayment plan associated with a Chapter 7 bankruptcy.

When you file Chapter 7, you typically agree to liquidate your assets to pay off as much of your debt as you can. The remaining debts that are part of your bankruptcy are dismissed. 

Whether or not you can file for this type of bankruptcy is determined by income. If your income is below the median for the state you’re filing in, you can probably choose Chapter 7 bankruptcy. If your income is above the state minimum, you must pass a “means test.” A bankruptcy attorney can quickly apply these tests to help you understand whether you meet eligibility for Chapter 7. 

You don’t have to give up everything you own in a Chapter 7 bankruptcy, though. You may be able to keep exempt assets, which can include certain personal belongings. You may also be able to keep your home, a car, and other items, even if you owe money on them, if you can continue to make timely payments on those debts. 

Again, bankruptcy is a complex process and what you can keep and how your proceeding goes is based on a variety of factors. Consult an experienced bankruptcy attorney to find out more about your individual situation.

What Is Chapter 13 Bankruptcy?

Chapter 13 bankruptcy may sound similar to Chapter 11 because these both involve repayment plans. But when it comes to Chapter 11 vs. Chapter 13, the biggest difference is that Chapter 13 allows someone with regular income to make an adjustment to how they pay back some debts.

Chapter 13 may be an option for individuals who fail the means test for Chapter 7. Typically, Chapter 13 bankruptcy works for people who have stable income to make some payments on debts but they don’t have enough income to pay all the debts as currently structured.

The individual submits a repayment plan to the court. This plan must be approved by a bankruptcy court Trustee. The Trustee is also typically tasked with making payments under the plan, so the individual pays the Trustee. The Trustee’s office then pays various creditors.

Usually during a Chapter 13 you only pay off part of your debts. Priority and secured debts, such as taxes or auto loans, are paid in full. But unsecured, nonpriority debts, such as medical bills and credit card debt, are only partially paid. If you work through your Chapter 13 repayment plan successfully, the remaining debts are dismissed at the end of the repayment plan. That can take three to five years. 

Should You File for Bankruptcy?

Only you can decide if bankruptcy is the right choice for you. In most cases, you should consider all your other options and ensure there really is no way to feasibly pay your debts as you agreed. Consider the factors below to determine which type of bankruptcy might be right for you. Then, talk to an attorney to find out more about each option.

Should You File for Chapter 7 Bankruptcy?

  • What is your income? Not everyone qualifies for Chapter 7 bankruptcy. You have to pass what’s called a “means” test, and you usually don’t pass it if you make more than the median income of same-size households in your state. 
  • Have you filed for bankruptcy before? If it hasn’t been long enough since the last time, you may not be able to file.
  • What type of debt are you dealing with? Most, but not all, debt can be discharged in a Chapter 7 bankruptcy. If you’re trying to deal with debt that isn’t dischargeable, it may not be worth filing Chapter 7.
  • Do you want to keep your property? Some property may be exempt, such as your home or a car you need, but you may not be able to keep the same property in a Chapter 7 that you could keep in a Chapter 13, for example. Definitely talk to your bankruptcy lawyer about which property you want to keep and whether it’s possible.

Should You File for Chapter 13 Bankruptcy?

You’ll need to ask all the same questions you’d ask when considering Chapter 7 bankruptcy to find out if Chapter 13 is right for you. You also need to consider whether you have enough income to make some repayment toward your debt. In a Chapter 13 bankruptcy, you restructure your debts and pay some of them over 3 to 5 years before the rest are discharged.

You should also ask yourself if you have the discipline to make the monthly payments to the trustee and follow other rules set by the court. You typically can’t apply for most types of credit, including a mortgage, auto loan or significant personal loan, without getting the court’s approval if you’re in the middle of a Chapter 13 bankruptcy, for example.

Should You File for Chapter 11 Bankruptcy?

Do you have your own business and need to include business debts in your bankruptcy? You might want to consider a Chapter 11 over a Chapter 13. Chapter 11 may also be an option for individuals or couples who have too much debt to qualify for a Chapter 13. Otherwise, all the other questions above apply here, too.

The Main Differences Between the Types of Bankruptcy

To better understand the main differences between Chapter 7, 11, and 13 bankruptcy, consider the table below.

Chapter 7 Chapter 13 Chapter 11
Type of bankruptcy Liquidation Reorganization Reorganization
Income requirements Yes — can’t make above the median for same-size households within the state Yes — must have enough income to make the repayment plan viable Yes — must have enough income to make the repayment plan viable
Can individuals file? Yes Yes Yes
Can businesses file? No Only sole proprietors Yes
How long does it take? A few months 3 to 5 years 1.5 to 5 years
Debt limitations n/a Combined secured and unsecured debts must be less than $2,750,000 n/a

Who Can File for Each Type of Bankruptcy?

In addition to income and debt requirements, each type of bankruptcy has limitations on which individuals or entities can file. 

Chapter 7 Chapter 13 Chapter 11
– Individuals
– Married couples		 – Individuals
– Married couples
– Sole proprietors		 – Individuals
– Married couples
– Sole proprietors
– LLCs
– Partnerships
– Corporations

What Happens After You File for Bankruptcy

The first thing that happens when you file for bankruptcy is that the automatic stay goes into place. This is a protection that requires creditors to cease all collection efforts until the bankruptcy process can be completed. It’s a powerful protection. For example, even if you’re in the middle of a home foreclosure, the automatic stay can stop that process so you can work through bankruptcy to keep your home.

Once the petition is filed with the court, hearings are set and all creditors included in the bankruptcy are notified. They do have the option of responding to the bankruptcy if desired. You’ll also need to attend the first hearing in your case to testify, under oath, to the truth of everything documented in your petition.

If you’re filing a Chapter 11 or Chapter 13 bankruptcy, you’ll need to file a repayment plan, get approval for it and follow through on it. Once the bankruptcy process is completed successfully, your remaining debts can be discharged. 

How Does Bankruptcy Impact Your Credit?

Any type of bankruptcy can impact your credit. It’s a negative item that stays on your credit report and drop your credit score for up to 10 years, depending on which type of bankruptcy you file.

But the truth is that by the time most people get to bankruptcy, they’ve already missed numerous payments and may be in collections with one or more accounts. If this is the case, bankruptcy doesn’t usually drive your credit score much lower than it already is. And there’s a chance that you may see your credit score begin to climb again after bankruptcy as you make timely payments on debts and are better able to manage your finances.

Chapter 11, Chapter 7, or Chapter 13—these are all huge financial and legal decisions. Each comes with its own pros and cons, and it’s important to handle a bankruptcy correctly if you do decide this is the way you want to go. So, talk to a lawyer and get the information you need to make the best decision in your case.

  • Chapter 7 is removed 10 years after the date the petition was filed.
  • Chapter 13 is removed 7 years after the date the petition was filed.
  • Chapter 11 is removed 10 years after the date the petition was filed.

Want to keep an eye on your credit report to understand when negative items fall off it as you’re working to rebuild? Consider signing up for ExtraCredit.

Options Other Than Bankruptcy

Before considering bankruptcy, research other options to help manage your debt. You might find other avenues that are less complex and not as impactful to your credit reports. They can include:

  • Debt consolidation that reduces how many bills you deal with each month and may create a monthly payment situation that works better for your budget
  • Debt counseling that brings in professionals who can help you negotiate with your creditors for better terms and manage your money better to make ends meet
  • Selling property so you can pay off debts that are beyond your current budget
  • Increasing your income with a second job or side hustles so you have more money to pay your debts

Ultimately, whether bankruptcy is right for you is a decision you must make yourself. Start with the information above to gain a brief understanding of your options, and reach out to an attorney to help you understand how these details might apply to your case.

The Impact of COVID-19 on Bankruptcies

Bankruptcies are still proceeding in the wake of the coronavirus pandemic. You may find that hearings related to cases are being handled via phone or web conferencing and not in person.

If you’re making payments on a Chapter 11 or Chapter 13 case and have been impacted financially by the pandemic, you should contact your attorney as soon as possible. They can help you understand the best next steps, which might include filing motions in your case to alter your payments temporarily.

The CARES Act also provides some modifications to how certain elements of bankruptcies are handled. It ensures federal stimulus payments aren’t considered disposable income, for example, and provides Chapter 13 debtors a path to seek modified payment plans if their income is impacted. 

Source: credit.com

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Graduating college can come with a lot of implications and responsibility, and those associated with your finances are certainly no exception. On top of the need to get your career off the ground, you should also think about how this impending career and salary will help you get your relationship with your personal finances in good shape, as well. 

Prior to college, you probably did not have any credit. And during college, if you weren’t using a credit card or participating in other practices that establish and build credit, you’ll basically be starting from scratch. This can be a great spot to be in because it sets you up to grow your financial reputation without having to rebuild it from any previous blemishes on your record. At this transitional and vulnerable time in your life, think about your future, and be sure to include those future thoughts in your decision-making so that you can (somewhat) effortlessly stay on track. This is some of the money advice college grads never get, but definitely should. 

Student Loan Repayment

If you took out student loans to fund your education, you’re likely feeling a tad overwhelmed by the outstanding balance and impending payments to pay it all back. While this type of debt is sizable, it’s not something to fear to the point of disregard. So, many people use student loans to cover college costs, which is good news for you because there’s no shortage of tips on repayment strategies for you to consider. 

Paying your monthly minimum each month is going to help you begin to establish credit. While it’s acceptable to follow this strategy, it might not get you where you want to be in terms of growing your credit score. If you can, think about ways to dedicate more money towards repayment each month so that your debt-to-income ratio can become more favorable to you, faster. 

Read More: What is the Average Student Loan Debt?

A savvy way to accomplish this is through refinancing. Although you’re just starting the process of paying back your student loans, that doesn’t disqualify you from refinancing. The rates that were in effect when you took your loan out might be higher than they’re now, in that case, a refinance can shave years off your payments simply by decreasing your total interest. Your monthly rate will likely decrease as well, which means that potentially you can pay down principal faster if your budget that allowed for the previous, higher amount, is still manageable. 

Get Professional Guidance 

Like it or not, money is essential in life. While the amount you have doesn’t determine the level of importance, the simple fact that you need money to be able to get through life is undeniable. At this beginner stage, consider meeting with a credit counselor. These professionals can help you identify goals, discuss different strategies, and help you decide if it is right for you at this time. 

Since this is likely your first time managing your money independently as an adult, and at this level, the habits you build now are probably going to be the ones that stick. Your credit score is sensitive but powerful. As you walk through various stages of life, that number is going to be what determines things like mortgage rates, car loans, and even your ability to start your own business even if that’s years from now. 

Budget Appropriately

After having spent a few years scraping pennies together to split a pizza three ways with your roommates, you’re going to be tickled to receive that first job salary, and the paychecks that come along with it. But don’t get careless. Before you cash your first check, examine your finances, and set a budget for yourself. Some of the best budgeting methods are simple and straightforward, which is ideal for a beginner. A great piece of advice here is to continue to live as you did in college and operate on a shoestring budget as far as your extra money goes. 

Paying your bills on time is going to help you improve your credit score at a steady and consistent pace, so you won’t want to fall behind. The occasional splurge is fine, but make this the exception and not the rule. It might not feel the most exciting or fun to dedicate your first job finances towards responsibility. However, if you put this into practice now, you’ll have to work at it less and less over time. Then, maintaining your good credit will be a natural consequence of your habits instead of something you have to consciously work at. 

Related Read: Side Hustles for College Students

Use Credit Cards Strategically

One of the best ways to build credit is by using credit. Keep your momentum alive by applying for a credit card, one with perks that appeal to you, and terms that you can manage. You might not yet be able to qualify for a traditional credit card, but a secured credit card should be well within your capabilities. Your credit limit will probably be low, but that is ok. The point here is to get into the practice of using a card, and paying it off, on time and at least at the minimum, consistently month to month. 

A credit card should work for you in terms of what you get back from it. Not all cards are created equal so definitely shop around before you just randomly pick one. Perks like airline miles and cash back are very popular places to start. If you take out a card and begin to use it and quickly notice that you’re not savvy enough to manage this responsibility yet, cut the card up. Closing credit accounts is one of the bad credit habits to avoid and can negatively impact your score. So you are better off cutting the card up, ceasing to use it, and continuing to pay down the balance without adding to it. 

Source: credit.com

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Are laundromats profitable? Or, are laundromats a dying business? Learn how much laundromats make and if laundromats are a good investment.

Are laundromats profitable? Is buying a laundromat a good investment?

Ever wondered if owning a laundromat is as profitable as people say?

I’ve been seeing a lot of videos on social media lately talking about how much money laundromats make (seems like it’s a popular small business idea right now!). So, I wanted to do my own research and learn as much as I could on the topic of laundromat businesses to see why it’s trending so much.

Whether you are looking to make extra income or if you plan on opening several laundromat businesses, there are some things to think about before you get started.

In today’s article, we’re going to talk about:

  • How profitable a laundromat can be
  • The pros and cons of owning a laundromat
  • Why a laundromat may be a smart investment
  • Tips on how to find a laundromat to buy

And more.

Quick summary: Yes, laundromats can be a way to make money (and even passive income!) due to people needing to wash their clothes and low costs to run. However, the amount of money that you can make is based on factors such as location and maintenance costs (new machines can be expensive!). High-quality laundromats with lots of amenities are in, and the old days of dirty and hot laundromats are not.

Are Laundromats Profitable?

Is owning a laundromat a good investment? Is owning a laundromat a good way to make money?

According to the Coin Laundry Association, there are around 35,000 laundromat businesses in the United States and nearly 95% of laundromats succeed.

That is a pretty good success rate.

It’s important to understand that, like with any other business, laundromats require an investment of money—both initial and ongoing. You’ve got your rent, machines (you will need more expensive commercial laundry equipment), utilities, and insurance.

The good news is, your income would hopefully be higher than these costs, making you a profit at the end of the month. Some people are able to run a laundromat as their full-time income, and for others it may simply be one of their side hustles.

The amount of money that you can make from a laundromat depends on your management skills, the location of your business (the average laundromat user lives within 1 mile of the laundromat that they use, so you want to be close to your customers!), and more.

Related content:

Is a Laundromat A Smart Investment? Do Laundromats Make Money?

This is a hard question to answer, as everyone is different!

For some people, a laundromat can be a smart investment, for others it may not be. The good thing, though, is that you are reading this article so that you can figure out if owning a laundromat is for you or not.

Yes, many laundromats make money. On average, a laundromat can earn a profit of around 20% to 30%.

Note: Before making a decision, I highly recommend reaching out to a financial advisor before making any decisions.

Factors Impacting A Laundromat’s Net Income

There are numerous things that can impact how much money a laundromat can make such as:

  • Location– The location of a laundromat is important in how much money you can make. This is because a laundromat located in a populated area often makes more money than one in a less populated area. The reason is, that when there are more people, there are more people likely to use laundromats.
  • Competition– If there are other laundromat businesses nearby, this could impact your profit because you now have competition. This is because too much competition may mean that there are less customers coming to your business.
  • Demographics– The demographics of people living around the area of your laundromat are important. For example, laundromats tend to do better in areas with a lot of renters, college students, or households without a washing machine or dryer (of course).

We recently stopped to use a laundromat while we were traveling in our RV. One thing we noticed was that this laundromat had a ton of amenities. Now that I’m thinking about it, this laundromat business owner was smart. They knew what their potential customer needed. They opened a laundromat right next to a popular cross-country trail, and added great amenities such as snacks and even a pay-to-use shower. These factors helped this laundromat stand apart from its competition and probably led to more people using it because it was a one-stop shop.

Some laundromats can earn profits as high as 35% or more! These are usually high-volume operations in urban areas with lots of people living nearby and they tend to offer a wider range of services such as wash-and-fold or dry-cleaning.

Owning a laundromat can be a smart investment for some people because they can possibly have a stable flow of income.

However, you will want to keep in mind that success in this type of business still depends on careful planning, an understanding of your local market, and more. Not everyone will succeed, of course.

How To Find Laundromats For Sale

Jumping into the laundromat business begins with finding a laundromat business that is for sale, or starting your own business from the ground up.

If you are looking for a laundromat business that already exists and is for sale, here are some tips and strategies for locating a laundromat for sale.

Online platforms– Many websites list laundromat businesses for sale. Examples include BizBuySell and LoopNet. These platforms can be your first stop so that you can easily look at laundromat listings. I was able to find many laundromats for sale, ranging from around $100,000 to over $1,000,000. These sites will give you a lot of information too, such as the revenue, monthly rent that the laundromat pays, the year it was started, and some background on the business.

Broker assistance– There are commercial real estate brokers with experience in the industry that can be invaluable resources. These individuals often have connections and insights that you may not have as an individual buyer. You may want to search for commercial real estate brokers in your local area and see who can help you find a laundromat business for sale.

Local advertisements– Sometimes laundromats are listed for sale in your local newspaper. You can see if there is a business for sale section in your local paper to get started.

Important Things To Think About When Purchasing A Laundromat

When you come across a potential laundromat to buy, here are some things to think about:

  • Location– As mentioned in the earlier sections, the location of a laundromat plays a very important role in if the laundromat will be successful or not.
  • Condition of equipment– Commercial laundry machines are expensive. These are not the washer and dryers that you have in the home you live in. These are meant to take a lot of loads and be running nearly all the time. Due to this, you will want to inspect the machines thoroughly and, if possible, have a professional technician check them. This is because broken or old machines could result in costly repair or replacement costs.
  • Business finances– If you find a laundromat that you are interested in, then you should ask to see their financial records and carefully review them.
  • Lease agreement– Many laundromats do not own the building that they are doing business from. Due to this, you will want to look at the terms of the lease. A laundromat with a long-term lease allows for longer operations without the risk of eviction or a sudden rent increase.
  • Demographics and competition– As you read in an earlier section, knowing more about the demographics of the local area, as well as about your laundromat competition, is important too.

Remember to approach this process with patience. Investing in a profitable laundromat is a journey that requires careful planning, research, and due diligence.

Owning A Laundromat

Operating a laundromat is more than just collecting coins from machines. There are maintenance needs, customer concerns, and potential unexpected issues that you may come across.

Below, I take you through the typical day-to-day operations of a laundromat.

Day-to-Day Operations Of A Laundromat

Opening up– Regular, reliable hours are important in the laundromat industry. Therefore, opening up the store in the early morning is always a good idea as many people like to get their laundry done first thing. Plus, many of your customers will be repeat clients, so making sure that you open up at the same time each day is required.

Machine maintenance and cleanliness– When running a laundromat, you will need to check on the washers and dryers, perform required maintenance, and make sure that your business is clean. You will also want to make sure you are well-stocked with detergents and fabric softener.

Customer service– While the average laundromat only has 2 employees or less, you will want to have good customer service. After all, a happy customer is far more likely to return and recommend your services to others.

Financial management– Collecting payments and record-keeping is something that is done every single day.

Tips on Managing a Profitable Laundromat

  • Sell extra services– Successful laundromats tend to sell many more services other than just self-service laundry. Due to this, you may want to also try diversifying your income streams so that you can make more money from your laundromat. You can sell other services such as wash-and-fold services, dry-cleaning, dog washing stations, showers, or even have vending machines.
  • Maintain your machines– Regularly maintaining your washer and dryer machines minimizes downtime and expensive repair costs, so that your laundromat can run smoothly.
  • Promote your business– Word of mouth is so important in this type of business, but don’t shy away from using social media or local advertising to draw in potential customers.

Running a money-making laundromat is much more than keeping the machines running. It involves good customer service, finding more services to sell, and marketing your laundromat business.

Frequently Asked Questions About Laundromats

Here are common questions about owning a laundromat.

How much profit can you make from a laundromat? How much do laundromat business owners make?

The profits from laundromats vary depending on location, operation expenses, size of the laundromat, the amenities you sell, and more. The average laundromat business sees a profit margin of around 20% and 30%.

The national average income for self-serve laundromats ranges between $15,000 to $200,000 per year. As you can see, that is a wide range and that is because it just depends on so many different things.

What are the pros and cons of owning a laundromat?

Like with any business, there are positives and negatives. Owning a laundromat isn’t for everyone.

Owning a self-service laundromat can earn you money and can be a stable, low-risk investment with low operating costs. It can be a fairly passive income stream as well, as you don’t need many employees (the average laundromat has 2 or fewer employees). However, running a laundromat isn’t all easy, there are challenges such as high start-up costs, machines braking, and more.

The challenges of running a laundromat include that high-quality commercial laundry machines can be quite expensive and purchasing or leasing a location with enough space for machines and customers can be a significant portion of startup costs. Also, wear and tear is going to happen in a laundromat as machines get constant use, and the cost of repairing or replacing machines can add up.

Is owning a laundromat a smart investment? Is owning a laundromat worth it?

Owning a laundromat can be a smart investment, and it can be worth it for some people. But, it will cost you money.

It costs around $100,000 to $300,000 to start a laundromat. Starting or buying a laundromat can be high, but it can also earn you a steady income. But, that doesn’t mean that it’s a smart investment for everyone. There are many factors that go into running a successful laundromat.

How to find laundromats for sale?

You can find laundromats for sale through websites, commercial real estate agents, or business brokers. You can also network with existing laundromat owners or associations who can provide insights into potential sale opportunities.

Are laundromats a dying business?

The laundromat business has changed over the years, but they are still very much needed. People use laundry facilities all the time, including myself such as when I am traveling in my RV or boat. Everyone needs to wash their clothes.

There are ways to keep your business up to date, such as having a laundromat that accepts different methods (such as credit card and cash), having a drop-off service, and making your facility comfortable (such as with WI-FI, TV, beverages, etc.).

What are the key success factors for running a laundromat?

Successfully running a laundromat depends on many factors like the location, maintaining clean and well-functioning machines, providing good customer service, having amenities (such as air conditioning or head depending on the temperature, TVs, etc.), and more.

Are Laundromats Profitable? – Summary

I hope you enjoyed this article on whether buying a laundromat is a good investment or not.

Here’s a quick summary of what we learned above about this business venture:

  • Running a laundromat can be a way to make money, but it depends on many different factors.
  • Laundry businesses typically have low labor costs (they are fairly passive businesses with a lot amount of workers needed) and can be recession-proof.
  • Owning a laundromat does have cons and challenges, such as the fact that commercial laundry machines can be quite expensive if they need to be repaired or replaced.
  • There are many laundromats for sale and you can start your search online.
  • Running a successful laundromat business in today’s world will likely mean running a higher-quality business and selling amenities for additional fees.

In all, the profitability of owning a laundromat may make the challenges worth tackling. The average laundromat is changing and improving, and there can be room to make money with this small business.

So, what do you think? Are laundromats profitable? Are you interested in owning one?

*Statistics from Coin Laundry Association

Source: makingsenseofcents.com

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Inside: Dreaming of ways to make money fast as a woman? Stop dreaming and take action. These are genius ways of making money online and at home.

Making money fast is crucial for maintaining a comfortable lifestyle, especially in the face of rising living costs. It can be the key to financial stability, providing additional funds to support and enjoy your lifestyle.

As a woman, you need to know how to make money fast.

This isn’t just about getting rich quickly. It’s about women gaining the freedom to live independently without financial constraints.

The feeling of financial security lessens stress; not having to worry over unexpected expenses plays a big role in your overall well-being.

This is what you want to do – make money fast!

Good news! You are in the right spot and I’ll show you my favorite ways to make money online.

Get into the right mindset, ladies! Making money fast isn’t just possible, but also liberating.

How can I make easy money ASAP?

Making easy money quickly can be achieved in various ways that utilize your skills and knowledge.

First and foremost, consider your own skills and expertise, and determine whether they could apply to jobs like cake baking, childcare, bookkeeping, house cleaning, or freelance writing.

This will tell you the easiest way for you to make money quickly. For me, I prefer to trade options in the stock market. Whereas someone else may choose babysitting or dog walking.

You need to find how to make money fast and we will help you with that decision.

Why Making Money Fast is Important

1. Makes it possible to live comfortably
2. Enables you to afford the best quality of life
3. Gives you the freedom to pursue your dreams
4. Gives you the freedom to live without financial constraints
5. Provides you with security and safety
6. Freedom to give back to your community
7. Freedom to choose how you spend your time
8. Opportunity to take risks and start a business
9. Provides you with a sense of power and control
10. Live without financial worry

This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.

Are you passionate about words and reading? 

If so, proofreading could be a perfect fit for you, just like it’s been for countless of readers! Learn how you can create a freelance business as a proofreader.

Check out this free workshop!

Bookkeeping is the most stable, reliable & simple business to own. This is how to make a realistic income -either part-time or full-time.

Find out TODAY if this is THE business you’ve been looking for.

How can I make a lot of money in hours?

Making income in a matter of hours for a woman is entirely feasible with a blend of freelancing, leveraging gig economy platforms, and capitalizing on your skills or assets. Here’s a quick guide for you:

  1. Consider freelancing: Establish your writing, graphic design, or programming services on platforms like Fiverr or Upwork.
  2. Dive into the gig economy: Sign up for TaskRabbit, Airbnb, or Turo to start earning.
  3. Try online tutoring or content selling: Proficient in any subject or have strong graphic design skills? Go for tutoring or sell your content.
  4. Indulge in buying & selling: If you’re good at purchasing low and selling high, then swap clothes or furniture, or even stocks.
  5. Take online surveys or join market research groups on sites like Swagbucks for a rapid source of income.

Remember, time management is crucial for balancing multiple streams at once. Don’t forget to schedule wisely!

How to Make Money Fast as a Woman

No matter who you are, making money can be tough. But if you’re a woman, it can feel impossible.

From getting paid less than men for the same job to having a harder time getting promoted, the deck is often stacked against us.

Just so you know that making quick money in one day won’t happen overnight.

So, I’m going to tell you the best ways to make money fast as a woman.

1. Sell Services

Selling your skills or expertise is a fast, viable way to earn money. It’s all about utilizing what you already know to provide value to others.

Identify your marketable skills, such as cake baking, freelance writing, bookkeeping or even organizing spaces.

Brainstorm which of these services people could pay for.

Remember, you can tap into both physical tasks, like house cleaning or pet-sitting, and digital ones, like creating digital printables or offering consulting in your field of expertise.

Expert Tip: Launch your service with a few testimonials, helping to build trust with potential customers from the get-go.

2. Freelance

Freelancing is a savvy way for women to stack up earnings fast, offering flexibility and complete control over the workload. It’s a ticket to dodge conventional office politics and punch above your earning potential.

Start by identifying your freelance niche. You can be a writer, graphic designer, or anything you’re skilled at. Many people use their transferable 9-5 skills to side hustle.

Then, create your profile on platforms like Fiverr, Upwork or Guru – be sure to showcase your accolades.

Set your rates, then start connecting with clients looking for your talent.

Remember, success in freelancing is driven by quality and consistency. So, sharpen your skills and always exceed your client’s expectations.

Freelancing may start as a side gig, but with dedication, it can grow into a full-time job.

3. Become a Product Reviewer

Being a product reviewer is an intriguing job opportunity for those who enjoy sharing candid feedback about their experiences with various products.

As a product reviewer, you are required to assess products often sent to you from diverse companies.

Your role involves providing a comprehensive review that could range from making an unboxing video to writing a detailed article about the product’s features and performance.

This kind of job requires an unbiased perspective and the capacity to articulate your thoughts and experience in a detailed, user-friendly manner.

Companies value this form of direct feedback as it provides them with significant data about their product’s strengths and weaknesses as perceived by an end-user.

4. Virtual Assistants

As a woman, becoming a virtual assistant could be your fast lane to earning a substantial income.

This is especially a great option if you’re excellent in organization and time management along with the need for flexibility.

For many becoming a virtual assistant with no experience is possible. And very lucrative.

Finally, for your best shot at success in this field, taking a course to improve your learning curve is extremely helpful.

Potential to earn up to $43,000 per year.

5. Sell Your Crafts

Ladies, have you thought of turning your love for crafts into a profitable venture?

Find out what crafts are in demand. The higher the demand, the more profitable it would be to make and sell these crafts.

Remember, profitability hinges on what you sell and how much you sell. Happy crafting!

While you are limited on what you can earn by what you can make, it is possible to make money doing something you absolutely enjoy.

6. Stock Trading

Stock trading may seem daunting but it can be a quick route to financial independence, especially for women.

With the right tools, information, and mindset, you can swiftly navigate the market and amplify your earnings. In fact, this is something Teri Ijeoma did herself.

Educate yourself on the basics before you invest. This is exactly what I did and my investment has paid off.

Always be aware of the risks involved in stock trading and proceed cautiously. However, building up an investing education is a wise decision.

Learn how fast can you make money in stocks.

7. Babysit

Babysitting is a versatile side hustle offering flexible hours and good earning potential.

It’s an ideal opportunity if you’re seeking quick, extra income and enjoy children.

Obtain optional certifications like CPR and first aid to enhance your appeal. Visit platforms like Care.com, Sittercity, or Urbansitter to create your profile and connect with clients.

8. Transcriber

One field that remains highly overlooked is transcription.

A transcriptionist listens to audio files and converts them into written documents.

Gain a thorough understanding of the industry. Check out this free webinar to get the basics right.

Consider specializing in legal or medical transcription. These niches often fetch higher wages.

You could easily make $3000-$4000 monthly, working on your own schedule.

Remember, practice and precision can help you achieve a lucrative transcription rate.

9. House Cleaning

Cleaning can be a rewarding gig, especially if you like tidying spaces.

Despite recognizing the need for a clean home, many people often struggle to find the time or energy to routinely clean their homes. This is where the prospect of a housecleaning business arises.

Busy homeowners, parents juggling work and childcare, elderly individuals needing assistance, and even businesses needing regular cleaning services are all potential clients for a housecleaning business. This demand provides a consistent income flow for those offering cleaning services.

In fact, individuals transitioning into this field of work can negotiate their wages with clients, potentially earning more than $15 an hour based on the complexity and demands of the job.

10. Sell Printables on Etsy

Selling printables is an effective and lucrative method to generate passive income.

Once printables such as planners, calendars, and journals are designed, created, and listed for sale on platforms like Shopify or Etsy, they can consistently produce income without requiring continual input or maintenance.

According to several experts, one of the keys to making substantial profits from printables is to differentiate your products.

Building upon this idea of making money from printables, the free Printables Workshop by Gold City Ventures offers comprehensive insights into the process of creating and selling aesthetically pleasing printable products online. This accessible course can be an excellent starting point for beginners looking to navigate the printables market.

Selling printables on Etsy might be the perfect venture for you!

11. Dog Walking

Looking for a fun-filled way to make some quick bucks?

Dog walking could be the right side hustle for you, especially if you’re an animal lover.

  • Easy to find jobs for dog walking.
  • Suitable for people with flexible schedules.
  • Offers an active way to earn money.
  • Option to select your rates with platforms like Rover.
  • High demand especially due to increasing pet adoptions and busy pet owners.

You can work when you need to and not take clients when you don’t want too.

12. Make Money Blogging

Blogging is a popular and prevalent way to earn money. Many blog owners are women who want the flexibility to earn significant money at their own pace and schedule.

Earning money through blogging allows you to focus on something you’re passionate about. Any topic that can provide value to an audience can be blogged about. Targeting a niche that has been overlooked by existing blogs can increase your blog’s potential earnings.

Starting a blog doesn’t require formal training, but it does require a willingness and ability to write effectively for an audience.

By employing monetizing avenues, like affiliate marketing and advertising, a blogger can boost their earning significantly.

Despite the vast number of existing blogs, the industry is very accommodating toward new voices, especially female voices. Thus, knowing how to monetize a blog can offer women many opportunities.

Remember, blogging is not just about earning fast bucks, it also needs consistent efforts. It’s rewarding but can start slow.

13. Ride-Sharing

Ridesharing is an excellent opportunity for women looking to make fast money. With apps like Uber and Lyft, you can earn an income simply by offering transportation services.

Here are a few tips to increase your earnings:

  • Consider driving during peak hours, weekends, or during special events to cash in on higher demand.
  • Choose busy locations such as city centers and nightlife spots to increase your chances of getting rides.
  • Maintain good customer service and ensure safe driving to uphold your rating and receive more ride requests.

14. Office Cleaning

Considering the hustle and bustle of the daily grind, office cleaning can be an untapped treasure trove for women seeking quick cash. Given the high demand and flexible hours, it’s an ideal source of extra income.

You must identify office premises needing cleaning services. Reach out to the owners or management, and propose your services.

Think about offering your services to offices in your local area. It’s a fast way to make extra money while managing your other commitments.

15. eBay Arbitrage

Looking to earn some quick money? eBay Arbitrage could be the game-changer you need.

Aimed mostly at women who love shopping, it’s about buying products cheaply and selling them on eBay for a profit.

  • First, hunt for bargains in thrift stores, sales, or online markets.
  • Go with high-demand items; electronics, collectibles, or brand sneakers are a good start.
  • Then, create your eBay store and list your finds at a competitive but profitable price.
  • Track each item’s demand through keyword research and buyers’ reviews.
  • Remember to calculate potential profits inclusive of shipping costs and eBay fees.

Armed with the right strategies, you can start earning with eBay in no time!

16. Freelance Writing

Did you know your writing passion can become a quick buck-making engine? That’s right, freelance writing is a gold mine you ought to tap.

First, identify a writing niche you love. It’s easier to excel when you’re passionate about your work.

Continually hone your writing skills. The more you practice, the better you become and the more valuable your skills. Finally, don’t be shy to market your skills. Reach out to small businesses and startups—they often need freelance writers.

Remember, quality over quantity will earn you a solid reputation in the long run. Now, go turn those wordy wonders into wealth!

17. Online Surveys

Curious about making a quick buck? Engaging in online surveys can be a fast money-making method just for you!

You don’t earn a huge amount per survey but when taking multiple surveys, it will add up fast.

Here are the top legit survey platforms:

Use your free time wisely. Take surveys during work breaks or leisure hours.

Redeem points for PayPal cash or gift cards.

18. YouTube Channel Building

Building a YouTube channel can be an interesting and rewarding venture.

It provides an incredible platform to share your content, express your creativity, and engage with a global audience. Whether you want to showcase your talents, teach something unique or simply entertain, having a YouTube channel opens up many opportunities.

Effective engagement with your audience is vital.

Last but not least, patience is something you will need in abundance. Building a successful YouTube channel takes time, so don’t lose hope if you’re not seeing immediate results.

Remember, there’s no limit to what you can achieve with your YouTube channel. It all comes down to how creatively you can use this platform to engage with your audience and grow your presence.

19. Bookkeeper

In our increasingly digital age, online bookkeepers are in high demand, with more businesses choosing to move their financial operations to the online platform. This shift in business operations has created a robust opportunity for those trained in bookkeeping to tap into the market and earn income while working from the comfort of their homes.

To be successful as web-based bookkeeper, you need to be well-organized and have previous experience dealing with numbers. However, even without a formal accounting education, individuals can take advantage of online learning platforms like Bookkeepers.com to learn and sharpen their bookkeeping skills for free.

Becoming a virtual bookkeeper is not just a fantastic full-time job opportunity; it’s also an excellent side hustle for women and mothers proficient with numbers. It provides flexible hours and allows the freedom to work from anywhere, making it ideal for those juggling multiple responsibilities.

The financial compensation for an online virtual bookkeeper is quite significant. On average, bookkeepers can earn at least $50000 a year helping business owners manage their finance and bookkeeping online.

20. Start a Dropshipping Store

Dropshipping is a viable option with low startup costs that lets you run an online store without handling any physical products.

There is still plenty of time to get into the dropshipping business.

Start by deciding what products to sell. Find a niche you’re passionate about for a higher chance of success.

Remember, a successful dropshipping venture involves effective marketing as well. So invest time and effort into perfecting your advertising tactics.

21. Do Clerical Work

Clerical work offers flexible, remote opportunities for women to make quick money.

With adequate admin experience and internet access, you can explore roles like Virtual Assistant, Online Data Entry Professional, or Court Transcriptionist.

This is one of the best non phone work from home jobs.

Experts tip: Perfection and punctuality are key. Attention to detail and meeting deadlines can make you stand out.

22. Resell Clothes

Reselling clothes online is a savvy way to turn your clutter into cash, especially if you love digging for hidden gems.

It’s a popular method for fast cash flow, with Poshmark and Facebook Marketplace being perfect platforms. One of my friends is very successful with this!

  • Begin with your own closet, and sell kids clothes they have outgrown too.
  • Reinvest your earnings, by buying second-hand clothing to resell can boost your profits.
  • Don’t forget quality. Run a quick check for authenticity and brand labels.
  • Visuals sell. Stage items and capture high-res photographs.
  • Providing a great customer experience is key, ensuring prompt shipping and maintaining politeness.

Play your cards right, you could earn anywhere between $100 to $1,000 a month or even reach a six-figure yearly income.

23. Do Home-Based Child Care

Home-based child care is a viable option to earn money, leveraging the natural maternal instincts and caregiving skills of many women. It can be a lucrative side hustle and a means to financial independence.

This is especially a great avenue to pursue when you are already at home raising your own children.

Make sure to follow any state regulations about running a daycare out of your home.

Begin by determining the number of children you can handle at a time, taking care not to overbook.

24. Podcasting

Podcasting is a wonderful opportunity for delivering narratives. It enables you to weave compelling stories while inspiring, instructing, or simply entertaining your listeners.

The unique format of podcasting lets you connect with your audience on a personal level. They listen to your voice, engage with your thoughts, and feel a stronger connection to you.

By starting a podcast, you are joining an increasingly popular trend, with the global number of podcast listeners has grown to 464.7 million listeners in 2022 (source).

Podcasting also opens up doors for networking and collaboration. You can invite experts, artists, or like-minded individuals as guests on your show, thus expanding your network.

There’s a potential to earn from podcasting. With affiliate marketing, sponsorships, and advertising, the commercial possibilities of podcasting are extensive.

25. Merch by Amazon

“Merch by Amazon” is a print-on-demand service that allows you to design and sell your merchandise.

It’s a great money-making alternative as it offers massive exposure and doesn’t require any upfront costs.

One of the significant advantages of using Merch by Amazon for passive income is that you are not required to maintain inventory or deal with shipping. Amazon handles these aspects, allowing you to focus on the creation process and customer satisfaction.

Amazon’s royalty system ensures that you get paid instantly whenever your merchandise is purchased. This allows you to earn money passively with every sale.

When your designs meet the current market trends and the preferences of your customers, they are more likely to be popular, leading to an increase in sales, hence, higher passive income.

26. Become an Influencer

Becoming an influencer is a smart, quick way for women to make money. While most people just stumble upon becoming an influencer, you can decide to pursue this avenue.

With earning potential that is unlimited, this opportunity is flourishing, requiring no specific degree or job experience.

Remember, platforms like TikTok, Instagram and YouTube reward new, engaging creators.

Dedication and consistency could lead you to major earnings where you make thousands for each post.

27. Work as a Translator

Having mastery in more than one language opens up a world of opportunities, particularly in the realm of translation services. The ability to translate language effectively and accurately is a skill that’s in high demand in the current globalized world.

A top benefit of being a freelance online translator is the flexible work environment. You have the freedom to choose when, where, and how much you want to work. This flexibility for work-life balance is more appealing now than ever, especially in the unsteady job market.

Freelance translators also have access to a wider client base. Unlike full-time translators who work for specific organizations or agencies, freelance translators can work with various clients from all over the world, widening their potential income streams.

The need for translators is projected to grow substantially. In the United States alone, the U.S. Bureau of Labor Statistics reports that employment for interpreters and translators will increase by 20% from 2021 through 2031, which is much faster than the average for all occupations.

Among other freelance professions, translation can often provide a more stable income.

As most sectors including education, legal, business, medical, and technological firms continue to globalize, they regularly need translators to bridge the language gap, making freelance translation services a steady income source.

31. Become a Flipper

Becoming a flipper is a high-return, low-investment way to make money fast. It involves buying low and selling high, perfect for those wanting a profitable side hustle.

Here are actionable steps to kickstart your flipping journey:

  • Identify items to flip: Popular options include toys, clothes, electronics, books, and furniture. Pro-tip: Sell things you have around your house to start risk free.
  • Choose a selling platform: Sell locally via Facebook groups or Craigslist, use reselling apps like Decluttr, or open an online store on eBay.
  • Price it right: Pricing items competitively garners buyer interest and maximizes profit.
  • Learn more: Free webinars, like Flipper University and the Flea Market Flipper, offer insights for a successful flipping business.

Remember, flipping can be more than just a side hustle; it’s a potential full-time career.

32. Micro-Tasking

Micro-tasking offers a quick way for you to earn money by completing short and simple tasks.

As its popularity grows, so does the list of platforms where you can find micro-jobs. Here are the popular platforms.

This allows your the flexibility to work whenever you want. Plus no special skills or degrees are needed.

Just note… This is not a stable income source

Tips for Finding the Best Way for You to Make Money

As you can see, there are many different ways to make money fast as a woman.

You can find the best way for you by considering your skills, interests, and the amount of time you have available.

Here are some helpful tips to make sure you are earning money quickly.

1. Identify Your Skills and Offerings

You’re already gifted, let’s transform those skills into fast cash.

Make a list of your skills, passions, and expertise; you can tap into anything from programming to knitting.

That is where you want to start.

From personal experience, I can tell you it is way easier to work on a side hustle or business when you are passionate about the topic.

Remember, the digital world is your playground, so play, innovate and cash-in.

2. Research the Best Ways to Make Money

Now, that you know the skills and experience, look at the list above and determine which ones match up.

You will need to spend time watching a free webinar to learn more.

Compare different money-making ideas. From part-time jobs to freelancing, there’s a plethora of options. You need to pick what works best for you.

Remember, generating a consistent income requires effective strategies and the right mindset. So choose wisely!

3. Try Different Ways to Make Money – Not Just 9-5 Jobs

It’s vital to explore different money-making strategies as a woman for financial stability and independence.

Just because one avenue didn’t work out doesn’t mean you should throw in the towel.

Remember, the key to success is perseverance, so pick something you’re passionate about and stick to it. Try not to jump from one idea to another out of impatience; success takes time.

Also, as your revenue increases, start building a lifestyle business for passive income.

4. Focus on the Things You Are Good at

Unlock your financial potential by recognizing and utilizing things you’re excellent at.

To cash in fast:

  • Identify your standout skills. These could range from writing, fine arts, math, e-commerce to digital marketing or even passions such as sports and hobbies.
  • Assess the viability of earning via your skills. Research shows that the digital economy is filled with opportunities.
  • Exploit platforms that cater to your expertise. For freelance gigs, you can try platforms like Upwork, Fiverr, or Guru.

There are so many ways to make money online as a beginner. So, indulge in the digital playground, embrace exploration and innovation, and let your skills earn for you.

5. Find Opportunities That Allow You to Work Flexibly

You can choose when to work and when not to, rather than being constrained by a 9 to 5 workday. The flexibility to create your schedule means you can operate at your most productive times, whether that’s early in the morning or late at night.

Working from home or any location across the globe enables a better work-life balance, reducing stress and improving productivity. This is particularly beneficial for those who have families or are committed to other obligations.

When working for yourself, you may have the potential to earn more than traditional salaried roles.

Lastly, making a living from your passion is huge!

You are being paid to do what you love anywhere, anytime which is rare and precious.

6. Consider Specializing in a Niche Subject

Specializing in a niche subject can elevate your earning potential quickly, owing to smaller competition and a personalized audience.

Being a subject matter expert in a specific area can provide you with an edge over your competitors.

Specializing in a niche can help you stand out and garner a dedicated audience, ultimately leading to faster earnings.

Remember, the key to making money faster in your specialized area is persistence and patience. It may take time to build a strong following, but once you do, the financial rewards can be substantial.

Stick to your chosen area, continuously learn and improve, and consistently deliver high-quality content to make your mark in your chosen niche.

7. Take Advantage of Trending Opportunities

Jumping on trending opportunities can be a gold mine, especially for women who want to make money fast from home. These ever-evolving trends tap into various skill sets, interests, and experiences, potentially translating into a lucrative gig.

For many, it may have been TikTok when the company first started.

Remember, the digital world holds limitless potential. Just needing to innovate and execute your ideas!

8. Invest in the Right Tools and Equipment

The key to making money, either online or offline, is making an informed investment of your time into the right tools, equipment, and learning resources.

While this can initially seem like an expenditure rather than a money-making step, it is, in fact, a cornerstone of your financial growth strategy.

Investing time in learning and increasing your knowledge base is vital. This could mean spending your time reading about new insights in your area of work, attending webinars, or enrolling in online courses. The ROI of this proactive learning is immense.

Consider this an opportunity or a catalyst that speeds up your journey toward substantial income generation and financial freedom.

9. Commit to Consistent Efforts

Commitment to consistent efforts is the cornerstone of any successful endeavor, more so when running your own side hustle.

One of the fundamental principles for making money is the dedication to keep improving your craft, always learning, and always evolving.

This continual effort involves a long-term commitment to staying updated with the latest writing trends, styles, and industry standards.

With persistence and patience, the fruition of your investments will lead you toward the fulfillment of your financial dreams.

10. Utilize Social Media Platforms to Promote Your Business

Social media platforms are powerful tools for business promotion, and when used strategically, they can lead to fast monetary gains.

Understanding how to effectively utilize these platforms can drastically enhance your chances of making quick bucks.

  • Start by creating a robust online presence for your business on various social media platforms. Remember, consistency is key to building your brand.
  • Engage with your audience frequently and respond to their comments. This boosts engagement on your posts.
  • Post content that is engaging, relevant, and aligns with your business values.

Always monitor your performance using social media analytics to understand what works best for your audience.

Which side hustles for women have you tried?

Personally, here are the side hustles I have done or currently do:

  1. Stock Trading as a swing trader
  2. Online Content Creation
  3. Social Media Influencer
  4. Online Consulting
  5. Pet Sitting or House Sitting
  6. Teaching Dance Lessons
  7. Personal Organizer

However, I know many people that have tried the ones listed above.

So ladies, which of these enticing hustles appeals to your skills and schedule the most?

FAQ

Stay-at-home moms have numerous opportunities to earn money from the comfort of their homes. Plus being able to bump up your household income while juggling parenthood is the perfect combination.

Find the best jobs for moms specifically!

Any of these opportunities requires dedication and consistent effort, but with time they can all yield substantial returns.

Thankfully, there are many ways for women to make money online.

Above we covered all of the interesting ways and many are online.

Remember, opt for an avenue that suits your skills, interests, and time availability.

Well. the answer to this will depend on who you speak with.

Personally, I find ways to build passive income with your side hustle as the best option. Then you aren’t trading your time for money.

As a woman, many opportunities are right at your fingertips. The most popular and profitable include:

  • Start a blog: With consistent readership, you can make thousands from ad revenue and sponsored content.
  • Virtual assistant: Services can fetch around $10-30/hour.
  • Social Media Management: Businesses are willing to pay up to $1000-2000 per month for proficient managers.
  • Bookkeeping: On average, freelance bookkeepers earn around $34/hour.
  • Selling products online: Sites like Etsy, Amazon FBA, or your own platform can earn you a substantial income with a successful shop.
  • Trading Stocks or Options: by improving your investing knowledge, you can quickly increase your net worth.

Remember – it all starts with a step. Your side hustle could turn into a full-time passion!

This is How to Make Money from Home as a Woman

In conclusion, as a woman, there are plenty of genius and fast ways for you to make money.

The article underlines the significance of grabbing the reins of your financial future.

Through the strategies shared – including investing in stocks, working from home, or using budgeting hacks, you can boost your income significantly.

One of the concepts, I’m big on is making sure you know how to make your money work for you.

With wise decisions and being open to possibilities, your financial independence is within reach.

Remember – the ball is in your court, so make sure to take that shot and score your financial goals. It’s high time to cash in on your potential!

Know someone else that needs this, too? Then, please share!!

Source: moneybliss.org