Are you constantly living from paycheck to paycheck? Perhaps you like to earn more money and save for emergencies? The gig economy has been flourishing in recent years thanks to the advent of social media and the Internet.
While there are lots of jobs to choose from, some of us want to earn more in less time. Here are five simple ways to earn money even with a full-time job. Some of them can even turn a profit of up to $3,000 in just one weekend!
Take Out Your Camera and Learn Photography
Those who are fond of snapping photos and love taking them from different angles should consider a part-time job as a photographer. The pay varies depending on your experience and type of photos. Novice photographers can earn at least $5 to $10 per project for passport-size pictures. Photo-editing services start at $0.5 per photo for beginners.
Headshots are more lucrative with prices ranging up to $100 per project, and that’s just for newbie photographers. Amateur photographers usually charge at least $100 per hour for photoshoots and $150 per day to work as an assistant. Once you establish a loyal customer base, you can take part in the wedding photography business. Professionals in this field earn up to $3,000 per project. If you like to teach, you can charge up to $500 per student.
Another easy way to earn more in a short time requires you to sign up for photography contests. Make sure you have the best photos in your portfolio and earn up to $2,500 for each competition.
Get a License as a Personal Trainer
Gym enthusiasts might as well profit from the time they spend at fitness centers. You can apply as a personal trainer during weekends, when demand seems to be higher and therefore have more need for trainers. You don’t need to have a perfectly sculpted body to become a legitimate trainer, but it helps to maintain a good physique. There’s no better way to achieve this than hitting the gym and earn money at the same time.
Personal trainers earn between $75 and $150 per hour. If you work at least four hours per day during weekends, you can earn up to $1,200 in a month or even more when you work on holidays. You must have a Certified Personal Trainer qualification before you can accept clients. Other certifications can improve your competency and your professional fee.
Be a Freelance Tour Guide
A tourist guide probably has more consistency in earning money than other side gigs, due to the steady flow of tourists from around the world. Millions of foreigners visit the country each year with the number sometimes exceeding more than three times the local population.
You should have an extensive experience in staying at different places in Singapore to boost your qualifications, which can include expertise on the best dining spots and shopping centers across the mainland. Freelance tour guides earn from $80 to $150 per hour. Anyone can become a tour guide with the right attitude, personality and knowledge on as many things as possible about Singapore.
Get Rid of Your Old Items
Carousell is one of the places for owners to eliminate old items and exchange them for cash. The amount that you can earn depends on the value of items. The general rule for this: the harder it is to find an item anywhere, the higher the price tag. Limited-edition books, vintage electronics and collector’s items are some of the examples of rare products.
You can even sell your car in Carousell, which can turn into a sizeable profit if you set the right price. Online sellers should expect buyers to haggle on the listed price, so the best way to earn money will involve a price markup before selling the item to offset a likely lower price offered by customers.
Practice Your Public Speaking Skills
Do you always volunteer to be the emcee for special occasions like weddings and birthdays? An events host can earn from $100 per hour, which can easily turn into thousands if you accept multiple gigs in a month. Some experienced emcees even earn five-figure salaries just by getting on the stage and speaking in front of a large audience.
This type of side hustle works best for people who aren’t shy. Those who are just starting their freelance stint as a host can charge a lower rate, possibly $50 for two hours. You can market yourself to more events (not just birthdays or weddings) and build a wider network to earn more money.
What You Should Do Before Choosing a Side Gig
Build a strong online presence to reach your target audience. Social media accounts will be your best resources for advertising your services. Don’t expect to earn a lot in your first month, as your rate gradually increases once you have more connections and clients.
You should also maintain a website to make it easier for potential clients to see your portfolio, especially if you plan to be a photographer or events host. If you’re having trouble with finding clients, you can start by asking friends to refer you to their connections. You shouldn’t offer your service for free when you’re particularly good at it.
There’s no quick and easy way on how to earn money in Singapore. A side sig requires determination and discipline before it can become lucrative. If you need money to jumpstart your freelance career, you should consider applying for a personal loan (e.g. for buying photography equipment). Licensed money lenders such as Bugis Credit offer competitive rates and flexible payment terms. Call us today and find out more about our services.