It is no secret that the way the gig-economoy works right now is very much different from what it was originally a few years back. Your typical 8-9 hour jobs are slowly becoming outdated with the rise of qualified freelancers who can juggle a few different jobs and a very flexible working shift. If you are looking for other means to generate income aside from your full-time job, these part-time jobs below could help you earn even while you sleep.
Start A Blog
One of the many and definitely most popular avenue to earn extra cash is to start you very own blog. Although, this will need most of your attention as the income you earn from this requires a heavy investment of time. Starting a blog and putting it to work so you can earn passively is the best place to start. If you’re willing to put in the time and the effort, it will definitely pay off.
Equity Crowdfunding
This part-time job enables investors to acquire real securities for their investment which is not like reward-based crowdfunding. Doing a little research on the ins and outs of crowdfunding can shed some light on the process and how easy it is to earn on the side. If by chance you work for a startup or own one, this is a great way to learn more about other companies. In addition, it provides perspective on both sides of the fundraising process.
Peer-to-Peer Loans
P2P loans allow people to take advantage of loans without going through a rigid process of application and approval at the bank or with other established lenders. There are many platforms but two of which are most commonly used – Lending Club and Prosper. Interest rates on these platforms are typically higher though. In 2016, Lending Club had an average interest rate of 12% and garnered more than $300 million in interest payments received alone.
Whatever your financial case is, it is always important to look for other ways to grow your wealth. This strategy is pretty helpful especially in the most difficult of times.