Whether you earn more or less than the average US salary of $61,900 per year, knowing how to make an extra 200 a week could make a huge difference to your finances.
But what are these elusive money-making strategies that can boost your income? If you can pick the right side hustles, you could pay off bills and have more money left over for life’s luxuries.
If you’re ready to stop wondering and start making more weekly cash, keep reading.
Freelancing
The internet has made freelancing one of the most popular ways to top up your income. You can reach out to clients around the world, offering them your talents and charging your own rates.
For example, you can write for businesses, take professional-grade photos, or become a virtual assistant. Whatever your skillset, customers are willing to pay fair compensation to hire you.
Although this might start as a side hustle, freelancing can turn into a full-time job when you become successful.
Rent a Room
Many people have a spare room in their house that isn’t used except when an occasional guest comes to visit. Rather than letting this room gather dust, you can rent it out and make a significant extra income.
Sites like Airbnb make it easy to list your property in a few minutes. When you provide a good service for guests and get positive reviews, you could find there is a high demand from travelers.
Making your room more pleasant by giving it a fresh coat of paint and adding flowers and paintings can also increase your occupancy rate and earnings.
Investing
Becoming an investor can be a superb way to earn extra cash. Perhaps you’re already interested in real estate investing or are excited by the thought of trading stocks.
By researching opportunities such as this IonQ stock, you could spot a chance to make money from the comfort of your home. As you gain confidence, you can invest additional capital and potentially make much more than 200 a week.
Online Retailing
Lots of people already make money online by selling products on sites like Amazon or eBay. However, you have to pay these sites a commission, and if you want to avoid this, you can also set up your own website and sell directly to consumers.
Online retail is also one of the best passive income strategies, as you can work with a dropshipping company. All you have to do is advertise the products and the dropshipping firm will handle the packaging and postage on your behalf.
Now You Know How to Make an Extra 200 a Week
Knowing how to make an extra 200 a week can change your financial outlook. You likely already have skills that you could use to freelance for high-paying clients, and you can rent out a spare room in your house. There is plenty of money to be made from investing, and selling online can be lucrative.
When the money starts rolling in, you can enjoy spending it on the things you most enjoy. While deciding which side hustle you’ll choose, be sure to check out more of our terrific blog posts.
