How To Make Money Fast – With inflation still on the rise and a possible recession on the horizon, millions of people are looking for ways to make a quick buck and increase their income. According to a recent survey by QuickBooks, 65% of respondents who plan to start a new business in 2023 said they will continue their day job, and 66% said they want to start a business to increase their income in the face of inflation.
“The current economic environment is anything but stable. “Having a side hustle not only helps grow your bank account and boost your financial security, but it also has psychological benefits,” says Christina Curtis, founder of Curtis Leadership Consulting, an executive coach in Denver. “Having more income for that rainy day brings a stronger sense of courage and a willingness to take calculated risks that can advance your career.”
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However, you don’t need to invest in opening a large business to reap the benefits of extra income. Using technology to complete small jobs and tasks can help you earn extra cash quickly.
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Consider these options if you’re looking for ways to make more money that don’t require a large initial investment or specialized skills—and that result in quick cash.
If you have your own car and it meets certain qualifications, you can join a group of ride-sharing drivers and earn money by offering rides to customers around town. In most cases, it only takes a few days to get approved to drive. Both Uber and Lyft pay you weekly, though you can get paid even faster for a small fee.
How much you can earn depends largely on where you are, the cost of the trip, any current promotions and whether your passengers tip. According to The Rideshare Guy, most Uber drivers make around $15 to $20 an hour.
If you want to earn money while driving, but are not interested in awkward car conversations, you can make deliveries. Apps like DoorDash, UberEats, Grubhub and Instacart focus on delivering fast food, groceries and other items, with a sign-up and payment process similar to ridesharing.
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Shipt is another app that pays you to shop and/or pick up and deliver packages to customers’ homes. Workers earn an average of $25 to $35 an hour and are guaranteed at least $16 an hour. It can be paid weekly or daily.
For those who are particularly crafty, offering your services to people who need homework is another way to make some quick cash. You can rely on word of mouth or sign up for a platform like TaskRabbit, which connects Taskers with customers who need help assembling Ikea furniture, assembling TVs, cleaning, and more. Plus, you can set your own rates and keep 100% of your earnings, including tips (a small sign-up fee may be required to get started). Most people are approved to start assignments within four business days.
Housekeeping and pet sitting can be a good way to make quick money, especially if you enjoy spending time with animals and have a flexible schedule. Again, you can rely on referrals and word of mouth to find paying clients, although it can take some time to build a network.
To speed up the process, you can sign up for an app like Rover, which lets you set your rates and choose the type of pet care services you offer (like tours, overnights, etc.) and then connect with customers and get paid through the platform. Payments appear in your account two days after the service ends. Additional tips are available after 24 hours.
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Want to make some quick cash and free up some closet space? Several online consignment stores allow you to sell clothes, shoes, bags and more.
Poshmark, for example, allows you to set up an online closet where you display items for sale. Brand names and well-crafted listings with high-quality photos, detailed descriptions, and competitive pricing are likely to sell faster. Once the sold product reaches its destination, the funds are released to your account within three days.
Similar services include Mercari, ThredUp, Depop and The RealReal. But you don’t have to limit yourself to consignment shops; Services like Facebook Marketplace and Craigslist also let you sell your stuff without a middleman, though it may take longer to vet buyers and you may get more lowball offers.
A 2022 study by CreditCards.com found that 47% of Americans have at least one unused gift card. So if you have gift cards from the holidays before they gather dust, consider selling them online at a cash discount.
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Raise is an online marketplace where you can list your partial value gift cards and users can buy them. Once the sale is made, a 15% commission is deducted and the funds are deposited directly into your PayPal or bank account. If you don’t want the burden of finding buyers, a site like CardCash will pre-pay for your gift cards (up to 92% of the value) and resell them.
If you’re looking for a unique opportunity to earn extra money, consider opening a checking or savings account that offers a new customer bonus. It takes a little effort and can result in an extra $200 or $300 in the bank. Remember that to qualify for a bonus, you may need to make a minimum initial deposit or keep the account open for a minimum period of time.
When you have extra time, you can earn money per hour by taking surveys, questionnaires, watching videos, and more through sites like Survey Junkie, Swagbucks, Inbox Dollars, and Google Opinion Rewards.
Survey Junkie, for example, lets you earn virtual points for answering product surveys or participating in focus groups. These points can then be exchanged for cash. The company notes that it won’t make you rich or replace your full-time job, but it’s an opportunity to share your opinions for a little more money. You can earn up to $40 per month by taking three surveys per day.
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There’s a good chance you have an old smartphone or tablet in a drawer somewhere, no longer used. To make some quick cash, consider selling it to a buyback service like ItsWorthMore, Decluttr, Gazelle, or Trademore, where you can trade in old phones, laptops, tablets, smartwatches, and more. The amount you will receive depends on the exact model of the item and its condition.
Gazelle reminds you that once you receive your item, the transaction is processed within one or two days, and as long as the model and condition are verified upon inspection, payment is processed within three to five business days. Amazon and PayPal are the fastest ways to receive payments. Also, Trademore pays within five business days of receiving and confirming the item, via PayPal or Mastercard virtual gift card.
Garage sales are a great way to declutter your home and make some same day cash by selling your neighbors unwanted items. Sites like YardSaleSearch.com, GarageSaleFinder.com and eBay Classifieds can help you spread the word.
To ensure a successful sale, arrange items in an organized manner. Start early on a Thursday or Friday, around 6am, to catch the crowds of people dropping their kids off at school. And don’t put a price on anything – you’ll avoid headaches by letting customers come to you with the best deals.
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If you live near a major attraction, like an amusement park or stadium—or if there’s a big event happening near your home, like a parade—you can make a quick buck by renting out your parking spot for the day. Maybe you don’t have a car, and that precious parking space could generate money daily.
If you’re not sure how to find a tenant, consider a service like CurbFlip or SpotHero, which let you rent out your garage, parking space, or garage. These sites charge a fee, but they also screen drivers, allowing you to manage payments within the platform. Just make sure you don’t violate the terms of your lease or homeowner’s association when listing your parking spot.
After plummeting during the pandemic, the cost of renting a car has skyrocketed in the past two years. Global car rental prices are projected to increase by a further 6.8% in 2023, according to CWT forecasts. In turn, affordable car sharing services are gaining popularity.
If you don’t mind strangers driving your vehicle, you can rent it out when you’re not using it. Touro, for example, lets you rent out your car and even offers a calculator to see how much you can earn based on your vehicle. After completing your first trip, payment will be made within three business days. Subsequent journeys are paid three hours after the end of the journey.
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Recreational vehicles have also become incredibly popular since the pandemic. Outdoorsy is a similar service that allows you to rent out your RV to travelers. Payments are automatically deposited into your bank account 48 hours after the guest begins their trip. However, it may take another three to five days for your bank to process the payment.
It may seem like a scam, but there is a real possibility