Alternative Investments

11 Modern Ways to Collect Recurring Weekly Income

Thanks to the internet, people are able to exchange goods and services in a way never before possible.

And today’s gig economy gives us ample ways to secure extra income.

According to CreditLoan, 44 million Americans work more than one job. They’re increasingly generating supplemental income from “side hustles” to pay off debt, build up savings or have a few more dollars for spending.

Selling or renting property is the most popular way in the U.S. to earn recurring weekly income, but it requires a lot of time and effort.

If you’re a dog lover and want to earn some extra bucks, you can find dog walker positions through a variety of apps and websites.

It’s important to find opportunities that match your interests and schedule but also provide ample additional income.

Thankfully, there are plenty of options to choose from!

Below are just some of the ways you can potentially earn recurring weekly income – possibly hundreds of dollars per week…

  1. If you have a spare room at home – and don’t mind hosting guests – you can consider renting it out on Airbnb. According to data from Earnest, Airbnb hosts can earn an average of more than $900 per month, or about $225 per week. You can also get licensed and become a part-time real estate broker, showing and closing properties on the weekend or days off. CreditLoan research says the median monthly income for part-time selling or renting property is $500, and it can be as high as $7,000.
  2. Have a car? You can become a part-time Uber or Lyft driver and earn more than $350 per month on average (or about $90 per week) in side income. Or if you’d rather not drive people, you can drive to deliver food instead using services like DoorDash, Postmates and Uber Eats. Don’t want to drive at all? Earn money by renting your car to others when you’re not using it with services like Turo, HyreCar and Getaround. And when it’s time to fill up your tank after driving all day, check out GetUpside for cash back at the pump.
  3. Earn extra income by sharing your skills and talents with those who need them using freelance job sites such as TaskRabbit, Fiverr, Upwork and Freelancer. Fiverr categories include graphic design, digital marketing, programming and business. But there are also unique categories like astrology readings and relationship advice.
  4. If you’ve got a creative streak, sell your arts and crafts on Etsy or create your own online store with Shopify. Are you interested in selling items for other people online? For sellers who can tolerate some risk, try Camelcamelcamel. This site tracks product prices on Amazon from buyers and sellers, so you know when to sell an item you already own at a profit. You can also monitor price movements and try to flip items by buying and selling for pure speculation.
  5. Calling all dog lovers! Get paid to feed, walk and play with them using Wag or Rover. You can download the Wag app on your phone, register and start offering your services to local pet owners who need the help. Pet sitting or dog walking has a median monthly income of $50 for those who do it sparingly but $3,000 for people who are very active. Walking more than one dog at once and building up a profile of positive reviews will increase your pay rate.
  6. If you have expertise in a topic, consider teaching online. Udemy allows you to create and distribute courses of your own creation, which you can then sell for a profit. (No degree or special certification is required.) GeeklyLab is a website that connects students to experts, or “geeks,” to help with various writing or research assignments. “Geeks” are screened by the website and, once approved, can offer their designated skills for an hourly price.
  7. You don’t need to teach a course to help others learn. You can also become an online tutor with sites like Tutor.com, TutorMe and Wyzant. For online tutoring through video sessions, try Verbalplanet. You can use Wyzant to tutor people in person near where you live. Bilingual tutors are always in demand. Language tutors can charge between $20 and $100 per session.
  8. Collect cash-back rewards on your everyday purchases using apps such as Ibotta and Rakuten. Ibotta shows how much money you will receive for each item and even links to your store accounts for automatic savings when you check out.
  9. Like to shop? Get paid to shop for others. You can become a shopper for grocery delivery services like Instacart and Shipt, or even become a “mystery shopper” for a company like BestMark. Mystery shoppers complete a wide variety of assignments and create reports of their shopping experiences. You can earn anywhere between $10 and $20 per assignment, though shoppers in large cities will earn more.
  10. If you’ve got a knack for taking photos, consider selling your professional photographs using sites like Shutterstock, iStock and 500px. The median monthly income for photography or videography as a side hustle is $100, and it can be as high as $2,000.
  11. Most people hate jury duty… but did you know you can do it from the comfort of your home (and get paid)? EJury is a service used by lawyers to test their cases before presenting them in court. Online jurors are asked questions about the case and provide feedback. The length of time it takes to handle a case varies. According to eJury, a six-page case file typically takes no more than 35 minutes to answer.

Side hustles are a great way to pay down debt, pad savings accounts and create additional income streams for investments.

You can take a wide variety of your skills and interests and apply them in a more focused way to pursue your passions and fill the needs of others.

Side gigs can offer very flexible schedules too. If you moonlight as an Uber driver and don’t feel like working, you don’t have to. If you’re on your way home and feel like picking up a ride on the way… go for it.

When you incorporate some of these modern moneymaking jobs into your lifestyle, you’ll do more than just collect recurring weekly income. You’ll create a network of new contacts that can open doors to future opportunities.

Here’s to high returns,

Matthew