Tutoring is one side hustle that can bring in some additional income from existing skills.
What's your side hustle style?
Having a side hustle seems to be something that comes up almost weekly. In news stories, blogs and even at dinner with friends. It's hard to escape stories of that friend or colleague who is making cash outside of their 9-5 or finding an outlet for their hobby or passion.
If you are thinking of taking the plunge and starting your own side hustle, you'll need to decide on a style that will work for you. Will you be using an established platform like Uber or Airbnb to run your enterprise, or will you be starting your endeavour from scratch?
Both might seem appealing, but you'll need to weigh up the time, energy and resources you have available to invest into your project.
We've investigated some money-making ideas, based on whether they are platform based, or if they require a little self-initiative and chatted to some incredible business owners who are making each option work for them for their hot takes on how to start a side hustle.
Platform-based money makers
Did you know Kiwis who currently drive for Uber make an average of $25-$35 per hour (not considering maintenance and petrol)? That's a nice additional income boost of $800 per month if you drive only eight hours a week.
So, when you don't have a lot of time on your hands, choosing a side hustle that is platform based, like Uber, can take a lot of the hard work out for you.
They often come with hundreds, if not thousands, of existing users and customers. Airbnb for example has over 150 million users worldwide, all looking for that service you want to provide. They also handle the administrative aspects, such as payments, bookings or orders.
Some ideas based around platforms are:
- Short stays and rental accommodation — Whether it's renting out an empty room, or the whole house when you're not using it, your home can add to your income. Consider looking into Bookabatch or Airbnb to get started.
- Ride share driver — Perfect to work in with your 9-5 job. If your car is in reasonable condition, consider working as a driver for a ride sharing app, such as Uber or Zoomy, in your spare time. With flexible hours, you can work as much or as little as you want.
- Handyman and odd jobs — If time is the spare commodity you possess, why not consider picking up a job or two on platforms like MyTask. Anything is on offer here, from helping someone to move house, or picking up groceries, it's an easy way to earn some extra cash when you have some free time.
- House and pet sitting — There are many sites that offer house or pet sitting, some will even pay you for your efforts. This is also a great one to consider if you want to rent out your whole home, while you are house/pet sitting elsewhere. For a good place to start check out Kiwi House Sitters.
- Mystery shopper — If you love to shop, you can even turn this into a side hustle. There are a few websites which you can sign up to and become a mystery shopper. Some options to get you started include Mystery Shop and Customer Care.
- Drop shipping — Always wanted to have your own store but not sure about all the overheads and logistics? Consider drop shipping, all you need is a great website to host the products you want to sell, and the drop shipping provider ships, stores and packs all the products for you. For more info click here.
- Garage goldmine — Do you have a garage in prime location that you don't use? Listing your garage for rent on sites like Any Space, can see you bring in an additional $50-$100 a week depending on your location.
One catch, however, is that many of these services don't do any of the advertising for you. So, to make sure you're getting the most from these platforms consider investing in a little marketing.
Some sites will offer to bump you up the list for a small fee, so you are seen by more people. But even if you just focus on building your social media presence to assist your endeavour, it will go a long way to making your side hustle work even harder for you.
Simone Mathews owner and founder of Soul Home
I love the lifestyle that I have created by being a holiday property owner. It has allowed me to stop trading time for money (no longer working 40 hours per week) and use my properties to work for me. Ultimately, I have created a business that allows my family and I to have a lifestyle that we don't need a holiday from.
The best advice I can provide for someone who either wants to set up a holiday property or already has one, is to be very clear who your target market is. The holiday property market is quite saturated, so the key is that you need to go and find your target market/guests and bring them to your property/business. The best way to do this is through social media.
Top tip for starting a side hustle?
Be prepared for the hard work. As with anything, you need to do the hard yards before you can reap the rewards. Be prepared for the long hours to begin with and be prepared to learn as you go. I also believe that the best way to learn is to look for the experts in the field, they have been where you are and you can fast forward your journey by looking to them for advice and investing in education, particularly online courses these days.
Take your passion… and make it happen
Starting from scratch without the assistance of a platform will suit a lot of hobbies or ideas that are not as straight forward. With your own website or social channels, you can customise your offering to make it more personal.
This route however, may require more time to set up and you may need to consider website hosting, website creation costs, and time to create a backlog of items you are selling, whether that is a portfolio of work, or a few garments to sell.
Again, make sure you think about the marketing of your idea, looking into optimising your website and building a social media presence will help to bring people to your website and bring in the cash.
Some ideas that will require a little more consideration are:
- Photography — Always had an interest in photography? Why not take a course and see if you can turn your passion into a hustle? From selling prints online to becoming a wedding or portrait photographer, there are lots of ways you can earn additional income from photography..
- Art — If you've dabbled in arts and crafts, why not start to master the art and make some cash from it. It could be pottery, painting or even making clothes, you can sell you creations on Etsy or sign up to have a stall at your local market.
- Tutor — Consider tutoring if you have a skill that is in high demand, from maths, English or even music, why not help teach others to improve and earn some extra cash?
- Dog walker — Have a love for pets or already walking your own dog once a day? Why not see if there is anyone else in the neighbourhood who would like their dog walked too. From one dog to a full-time job with 10 dogs or more a day, dog walking is an easy side hustle that can bring a lot of joy!
- Baking — Do your cupcakes or biscuits get rave reviews every time you take them to an event? It could be the perfect side hustle solution. Sell via Instagram and a website or just setup at your local markets. Once you have the right permits in place you can turn your sweet treats into some sweet cash.
Daniel Murray, Photographer and Host of Daniel Murray Photography and Pure Photo Adventures
Landscape photography is something I've always been very passionate about. For me it's an amazing opportunity to spend time exploring nature and the great outdoors and to take things a bit more slowly. Being able to keep my photography business at a level where I can keep the passion levels high without being bogged down in the administration and marketing of running a fully-fledged business is perfect for my current situation.
It really started to become something more when I got to a point in my day job (a resource management planner) where my income became stable, we had some savings in my bank, and my children approached their teenage years and were a bit more self-sufficient. This gave me the confidence to reduce my day job to a 4-day week and free up that extra time to pursuing photography and my related tour business.
Top tip for starting a side hustle?
Make sure it's something you really enjoy and are truly passionate about, then it doesn't feel like work at all!
It's also important to consider the tax implications before you dive in. Make sure you have an NZBN, and be sure to put aside the amount you will owe for tax each month, so you're prepared come tax time. You can work out how much tax you will owe here.
If you have the determination and motivation to put some weekly time aside, you can earn a nice little stream of additional income. Moving you closer to whatever you are saving for as well as offering the potential to grow it into a full-time job in the future.
The opinions expressed in this article are the opinions of the author(s) and not necessarily those of Resimac. The above is general commentary only and is not advice tailored to any individual's financial situation. We recommend seeking advice from an insurance or finance professional before implementing changes relating to your finances.