How to Make More Money in 2019
Who doesn’t want more money in the New Year? Aside from getting a much-deserved raise or working more shifts at your hotel or restaurant job, what else can you do? Get creative and find a few “side-hustles” that will bring in some cash on your time off. It could be fun….and it might mean a better vacation, paying off your debt or building up your savings account for a rainy day.
According to a recent study by Bankrate, more than half of U.S. millennials are running side hustles and making some extra money outside their regular jobs. Average monthly earnings are $580/month and many of those with side jobs are using the extra money to have fun experiences, go out to eat and buy extra things, not necessities.
Before you jump in, consider a few things about your new side gig:
- Will you be able flex your side work as needed? In other words, can you work more when you need it and less when you’re really busy at your hospitality job? Before you commit to a set schedule for retail or a restaurant, think about how you’ll manage a healthy work-life balance.
- Decide how much your time is worth. Are you OK with a low-stress situation that you can do from home, even if it pays $10/hour? What about a bigger commitment with higher pay/hour if it means meeting deadlines or working with demanding people?
- Think about your current shift schedule. Is your side-gig going to allow you to work when you have free time? Can it be weekends, early mornings or later in the evening even if that changes frequently? Make sure you factor in that flexibility when you’re looking for a side job.
- Do you have some funds to start your own business online and take some time to build up a customer base? Or do you need to hit the deck running with no investment and make money right away?
Here are some ideas to make money on the side in the New Year:
Consider driving on your time off: If you have a reliable car and are comfortable driving others, Uber or Lyft may be an option. It meets your need for flexibility in your schedule and you can work more or less as your current shift schedule permits. Plus, you can always schedule your driving times to occur in the hours before or after your hospitality shift.
Consider being an ESL (English as a Second Language) tutor: If you speak another language as part of your hospitality skill set, here’s an opportunity to earn good money teaching English online. Scheduling is flexible.
Be a customer service rep: For hospitality workers, this is a no-brainer. You can work with a virtual call center and find some flexibility here doing weekends, holidays or evenings. All you need is high-speed Internet access and it may help to have a headset. You got this.
Be a virtual sales rep: Many hotels offer remote work or non-traditional/flexible hours for their sales team.
Start a catering or food service business: Whether you like to bake custom cakes, can cook as a personal chef, have always wanted to open a food truck, or are interested in a more serious catering business, have a food or beverage related side hustle is a great compliment to an already well-established hospitality career.
Be creative and find something that works with your current shift schedule where you can earn a few bucks in addition to your regular job. Have some fun, save some money, pay off debts, whatever you decide. A side-hustle may be just what you need in the new year.