From renting out rooms on Airbnb to snagging odd jobs on TaskRabbit, it’s not hard to seek out opportunities to form a touch extra cash online. The gig economy has become a part of our work culture, while e-commerce marketplaces have created a worldwide playing field for ordinary people looking to sell products and services.
Against that backdrop, there are many time-tested opportunities out there to form some money on the side, from selling your photos online to taking paid surveys. Yet as sure because the sun rises every day, the web world continues to supply a spread of the latest ways to form some cash.
Let’s take a glance at a number of those emerging opportunities, whether it’s a completely new thanks to generate a touch extra income or a fresh approach to an existing method. a number of these are easy, but others take time, creativity and even a touch of overhead. And, as always, do your own due diligence to form sure these options are right for you.
Consider investing in art and classic cars
You don’t need to be a millionaire to start investing in classic cars you can start by investing $50.There’s an app for that, called Rally Rd.
Rally Rd. has a platform where people can buy and sell equity shares in classic cars for as little as $50 through a series of SEC-registered initial public offerings. the corporate reported in 2018 that it had 50,000 members who have combined to take a position millions, with a mean age of 26 among its user base. it’s now expanded to supply other collectibles, from a primary edition copy of Harry Potter and therefore the substance to a Honus Wagner trading card.
The goal is to eventually sell these things to non-public collectors at a profit. Of course, this sort of other investment comes with risks, and there’s no guarantee the worth of those assets will appreciate. Still, investors with the proper appetite should find many opportunities to urge in on this trend.
Another player here is Masterworks, a web platform focused on art. Then there’s Otis, an app that sells shares in contemporary art, sneakers, and collectibles for as little as $25. The corporate reported that quite 600 investors took part in the sale.
The takeaway: If you’re interested in investing in alternative asset classes, online platforms like Rally Rd. It might be a good option for you.
The rental economy continues to open up
Basically everything you own can now become a source of additional income, because of the rental economy. The model popularized by Airbnb has now gone far beyond renting rooms and houses.
Some newer Airbnb-style marketplaces include Jettly, where you’ll hire out a personal jet, or Swimply, where you’ll hire out your swimming bath. Then there’s Rent the Backyard, a replacement company helping homeowners turn their unused outdoor space into rental housing by fronting the prices of building studio apartments in empty backyards.
Others are around for a short time, like car-sharing platform Turo or peer-to-peer boat rental company Boatsetter. There’s also Hipcamp, the “Airbnb, OYO Rooms .” Renting out activities may be a change too, with companies like BonAppetour allowing you to ask strangers over for dinner. The list goes on and on.
In October 2019, the corporate announced it might start allowing people to hire out animals as a part of its experiences section. meaning people can now paddleboard with corgis or go skateboarding with a bulldog.
The takeaway: just like the gig economy, the rental economy continues to evolve, with opportunities to loan out your belongings extending to just about every corner of existence.
Live mobile games are live
In recent years, live mobile games like HQ Trivia became a good way of having some fun and potentially make touch money. HQ Trivia live mobile gaming in 2017 started hosting twice-daily competitions that draw the attention of many people to compete for prizes reaching into the thousands. HQ Trivia’s breakout success opened the way for similar games, including FiveAlive, Swagbucks Live, and Joyride.
A new player to observe is Tally, a startup founded by Seattle Seahawks’ quarterback Russell Wilson and backed by Amazon’s Jeff Bezos. In 2018, Tally launched a pop-up mobile game where participants can win cash prizes for creating predictions around major live events, from NFL games to the Oscars. For the 2019 Super Bowl, Tally offered a $250,000 grand prize to anyone who correctly predicted 16 questions on the sport.
The takeaway: You’re probably not getting to get rich playing games like HQ Trivia, but they are doing provide an entertaining thanks to potentially make some coin.
Keep up with gig economy opportunities
The gig economy is nothing new at now, because of companies like Grubhub, Fiverr and Rover. But the gig landscape continues to vary, and you’ll still find new ways to form money from this versatile sort of work.
Take Uber. The ride-sharing giant recently unrolled a replacement app that matches gig workers with a spread of various temporary jobs. A few days ago the project, called Uber Works, launched initially in Chicago in October 2019. the corporate has partnered with different businesses in Chicago to supply gigs doing everything from assembly-line work to bartending.
But Uber Works is way from the sole new gig economy opportunity. for instance, the recently launched app Drum promises businesses access to a network of salespeople on demand. Then there’s Steady, an app launched in 2017 that’s intended to form finding gig work easier while providing tools to trace your income.
The takeaway: New opportunities still arise within the gig economy, allowing more people with different skills to earn money online.
Sell away on social media
People are familiar with buying and selling on eBay, Craigslist or Etsy, but social media platforms are now encroaching on their market.
Take Facebook, for instance. The social media company announced in 2019 that it’s going to add new shopping features across its family of apps. that has new shipping and payment options for Marketplace, Facebook’s sprawling e-commerce platform where you’ll swap everything from furniture to cars. The move will allow Marketplace users to ship items anywhere within the continental U.S. and buy their purchases directly through Facebook (something it previously didn’t facilitate). This comes after Facebook allowed users to hire contractors, cleaners, plumbers and other home services through Marketplace starting in 2018.
Not surprisingly, Instagram is additionally beefing up its e-commerce features. Influencers, creators and online businesses can now tag products directly in posts, making it easier for his or her followers to shop for from them. Facebook is additionally adding new business tools to its messaging platform WhatsApp, which can allow people to look at a product catalog directly within the app when chatting with a business.
The takeaway: In its drive to facilitate our every online action, Facebook is making it easier to shop for and sell various array of products and services.
Himanshu Sharma's blog 