Boosting your monthly income isn’t always easy! When you already have a full-time job, the idea of starting a secondary job alongside it can feel overwhelming. However, it’s entirely achievable! One exciting way to do this is by starting your own small business, commonly known as a "side hustle." Your main job can cover your essential needs, but additional, especially passive, income can give you the freedom you’ve always wanted. So, how can you supplement your income? Here are 5 effective methods to get you started.
- Join the Gig Economy
Does your income fluctuate due to bonuses or other factors? If your earnings are unstable, there may be months when you need to earn more, while other times your salary suffices. If this is your situation, you might consider turning to what Americans call the “gig economy,” or task-based economy.
This includes offering services on platforms like Fiverr or Come Up (formerly 5euros), or taking on freelance projects on Upwork. Canadians have even coined a charming name for these small jobs: “jobines”.
For example, you could design wedding invitations for a client one week and then help someone improve their social media presence the following week. The projects are diverse, and if you enjoy variety and change, task-based work could be just right for you.
What income can you expect by opting for this work model? Depending on the tasks and the platform used, you could earn between €30 and €1500 per month. These opportunities are also ideal for students looking for a job.
For more activity ideas, read this article: How to Supplement Your Income in Surrey with Side Hustles?
- Engage in Information Selling
If you want to boost your income, why not consider selling information? This type of activity requires some time, research, and marketing skills to be profitable. Do you have expertise in popular topics or have you discovered a niche with limited information available?
Take the opportunity to create relevant content. You can publish books on Amazon, offer PDF e-books, or sell courses on platforms like Udemy.
What is the income potential from selling information? Estimated earnings from information sales in Surrey can vary significantly between CAD 1,000 and CAD 5,000 per month, depending on the niche and demand. Digital marketing or training experts tend to generate higher earnings based on their expertise and network.
To maximize your chances of success, focus on niches where people are actively seeking solutions to their problems. For example, if you are passionate about nutrition, you could create a program on dietary balance or a recipe e-book.
When an audience is seeking help, you have the opportunity to provide value by monetizing your expertise. In addition to helping others, this activity is also an excellent source of supplementary income!
- Become a Virtual Assistant
Jobs that allow you to supplement your income have one thing in common: they are in high demand. More and more ads like “looking for a side job to supplement income” are appearing.
Among the profitable side hustles, the role of a virtual assistant stands out. This remote job involves assisting with various tasks such as administration, social media management, accounting, and much more.
The demand for virtual assistants is constantly increasing, particularly among entrepreneurs seeking support for various projects. As a virtual assistant, you have the opportunity to specialize in many areas. Many focus on social media management and customer service.
Regarding income, virtual assistants often exchange their time for money, which limits your earnings based on the hours you can dedicate each week. You can choose a fixed monthly payment or hourly rates. Depending on your skills and experience, rates can vary, ranging from minimum wage up to €30 per hour for the most qualified.
- Babysitting
An excellent way to increase your income is by offering babysitting services, whether in the evenings or on weekends. You can choose to watch the children at your home, in a reassuring and familiar environment. Alternatively, you can go directly to the parents' home, which is often preferred to avoid transportation issues.
To find clients, talk about your services with those around you. Mention it to other parents you meet at school or during extracurricular activities. This can quickly help you get known within the local community. Also, consider posting ads in Facebook groups dedicated to Surrey, as these are often effective platforms for this type of service.
Finally, post ads in local businesses, such as bakeries or supermarkets, where many parents might see them. By diversifying your communication channels, you increase your chances of securing regular and reliable jobs.
- Decluttering Your Belongings and Reselling Them
Another effective way to supplement your income is to declutter your belongings and sell what you no longer need. This approach not only helps you clear out your home but also transforms unused items into additional income.
Organize your belongings into different categories such as clothing, books, electronics, furniture, and decorative items. Then take the time to check the condition of each item to determine if it is still sellable. Items that are in good condition or lightly used are often in high demand on selling platforms.
To sell your items, websites like Leboncoin are perfect for offering a wide range of products, from furniture to electronics. If you have clothing or fashion accessories to sell, Vinted is a specialized platform that will help you reach interested buyers more quickly. To delve deeper into your research, read our article: Side Hustles and Opportunities in Edmonton: Here are the Best Activities and How to Get Started!
