The COVID-19 pandemic has forced people to work from home and also placed a significant financial burden on many. As a result, a large number of people have picked up side hustles to earn extra income. And while it is true that many younger people are pursuing side hustles, they are not the only ones. In fact, roughly 30% of baby boomers and 40% of Gen Xers have reported earning extra side income, according to a recent survey. If you are over 50, then you may be wondering how you can earn extra income. Continue reading to learn about five great side hustles for people over 50.
RENT OUT SPACE
If you have a large apartment or home with an extra bedroom or two, then consider out renting space through Airbnb or similar platforms. After all, if the space is going unused, then you might as well earn money off it – and maybe make some friends in the process, too! You can even rent out storage space rather than bedrooms. Depending on where you live, there may be high demand for people to store boxes or other belongings for weeks or months at a time. These are relatively easy and low-cost ways to start earning money.
MAKE AN ONLINE COURSE
If you have deep knowledge in a particular subject matter, then making an online course is a very practical way to earn extra income. The great thing about making an online course is that you don’t necessarily need to do things live. You can record lectures and upload them, which will allow you to continue making money well past when you had to put in the initial effort to develop the course!
WRITE OR EDIT
If you are particularly good at writing or editing, then you can pursue this as your side hustle. There are countless platforms out there looking to hire freelance writers to develop useful and engaging content. These same platforms often search for editors as well to handle content from freelance writers.
If you are particularly passionate about a certain subject, you can even do a “cold call” approach and reach out to platforms that may need specific content on this subject matter. Depending on your writing experience and personal portfolio, you could make some serious money off of just a few articles at a time.
Perhaps you have a lot of experience with photography. Selling photos is another great side hustle! You may be able to find gigs taking photographs at specific events like weddings, proms, sporting events, graduation parties, and more. The more prior experience you have, the more likely you are to get paid.
You may also consider selling photographs that you have already taken. Many sites will allow you to upload your photos and sell them right then and there. If you already have an extensive portfolio of photos, this may be the perfect gig for you!
SELL UNNEEDED BELONGINGS
Lastly, if you have a lot of belongings that you do not need and / or are looking to get rid of, then selling them can be a great way to earn extra cash. You would be killing two birds with one stone! Some sites are specific to certain items like jewelry or clothing, while other sites will allow you to sell virtually any items you’d like. If you are unsure of where to price your belongings, then consider checking out similar items on these sites before posting your items. This could be a real moneymaker!