Who doesn’t want to make some extra cash quickly? Starting a fast cash business allows you to generate income on your schedule. With low overhead and barriers to entry, these money-making ideas can be launched in little time. Whether you want to pay off debt, save up for a big purchase, or supplement your income, exploring one of these 12 profitable business ventures is a great way to achieve your financial goals. Keep reading to discover the best fast cash businesses that can make you easy money.
1. Sell Used Items Online
One of the simplest ways to make money fast is by selling used items online. Platforms like eBay, Facebook Marketplace, and Craigslist allow you to list items around the house that you no longer need. With over 182 million active buyers, eBay provides access to a massive customer base for your secondhand goods. You can sell almost anything on eBay quickly, from clothing and electronics to collectibles and toys. Their seller protection programs also help minimize risk.
2. List Your Home on Airbnb
By listing extra space in your home on Airbnb, you can easily earn hundreds or even thousands per month. Airbnb allows you to become a host, setting competitive nightly rates and house rules to rent out a spare room, basement, or even your entire house when you’re out of town. With over 4 million hosts worldwide and growing demand for short-term rentals, Airbnb hosting is a fast way to generate cash flow that can scale quickly. You’ll meet travelers from around the world too!
3. Rent Your Car Out on Turo
Similar to Airbnb, Turo allows you to rent out your extra car for cash. As a Turo host, you list your car on the platform, set your own prices and availability, then earn money whenever your car is booked. With no application or membership fees and plans tailored to your schedule, Turo simplifies the process of turning your idle asset into extra earnings. Own a car you barely drive? Rent it out on Turo to start making money from it right away.
4. Become an Online Tutor
If you have special skills, experiences or expertise in subjects like math, engineering, language, music, etc., you can make money fast by tutoring students online. Platforms like Wyzant and Chegg connect expert tutors with learners around the world for virtual tutoring over video chat. Online tutors typically earn between $20 to over $100 per hour depending on qualifications, subjects, demand, and student feedback. By setting your own rates and schedule, it’s possible to quickly scale an online tutoring side business for fast cash.
5. Teach English Abroad
Want to make money and travel? Teaching English abroad is a way to earn a steady paycheck in exotic destinations like South Korea, Japan, Thailand, Eastern Europe and beyond. With the global demand for English education growing rapidly, English teaching programs like EPIK and JET actively recruit native speakers with bachelor’s degrees to teach overseas. Besides earning up to $2,000 to $5,000 per month in savings, you’ll fully immerse into fascinating cultures and make international connections.
6. Work As a Virtual Assistant
Companies are increasingly hiring virtual assistants to handle administrative tasks remotely. As a VA, you can work from home while setting your own hours and rates. Typical virtual assistant duties include making travel arrangements, data entry, customer service, email management, scheduling appointments, and more. With myriad businesses in need of remote administrative help, virtual assisting is a prime opportunity to earn $15 to $50 or more per hour on your own terms.
7. Drive for Uber or Lyft
Driving for a ridesharing app like Uber or Lyft allows you to instantly monetize your vehicle in your extra time. As an Uber driver, you earn fares by picking up passengers and taking them to their destinations around town. You can drive whenever you want while enjoying a flexible schedule. While earnings vary, rideshare drivers typically make $15 to $25+ per hour after expenses by working during peak demand hours like weekends, evenings, and events. Driving people around is an easy way to collect quick cash without a huge time commitment.
8. Deliver Food for DoorDash or Uber Eats
Similarly, delivery apps like DoorDash and Uber Eats enable anyone with a vehicle to earn fast cash on demand by delivering food from local restaurants to hungry customers. As an independent contractor, you can choose to work only during peak mealtimes when orders and tips are highest. It’s possible to clear $15 to $25 per hour with flexibility to create an income stream around your lifestyle.
9. Make Money Driving for Amazon Flex
For those looking to make extra money without passengers, Amazon Flex pays drivers to deliver Amazon orders. As an Amazon Flex participant, available delivery blocks show up on your app based on location and demand. You can choose blocks that work for your schedule, then earn $18 to $25 per hour to make deliveries straight from the warehouse. With Amazon’s continual growth, they need drivers. Amazon Flex provides an easy opportunity to utilize your free time to make reliable money on your own terms.
10. Invest in Dividend Stocks
While driving for Uber or selling used goods online requires active effort, investing money into dividend stocks generates reliable passive income that can quickly add up. Dividend stocks pay shareholders a percentage of profits on a quarterly or annual basis. With dividend stocks like Coca-Cola (KO 3.2% Yield), IBM (IBM 5.2% Yield), and Verizon (VZ 5% Yield) consistently distributing taxable cash payments, dividend investors can easily earn $5,000, $10,000 or more per year in dividends alone. As a bonus, many solid dividend stocks appreciate in share price over long periods, leading to impressive total returns. By building an diversified portfolio of dividend payers, you can continually collect passive income that lasts.
11. Invest in High Yield Savings
For hands-off investors hesitant to buy stocks, high yield savings accounts are another way to generate easy passive income. The best high yield savings accounts offer over 4% Annual Percentage Yield (APY) with no minimum balance and complete liquidity. With interest paid monthly, it’s possible to earn up to $5,000 per year in taxable income on savings alone if you have significant funds deposited. This passive income source is virtually risk-free while still paying 50 to 100 times the interest of a traditional bank.
12. Launch an Informational Blog
Starting a blog may take some initial effort, but over the long-run it can massively pay off through passive income streams. By providing value to readers through educational content related to your interests and expertise, it’s possible to quickly build a loyal audience. Once you begin accumulating visitors, blogs open up numerous money making opportunities over time such as:
- Display Advertising – Make money when readers view or click on ads placed through networks like Google AdSense. Top blogs bring in over $10,000 per month in display ad earnings.
- Affiliate Marketing – Earn commissions promoting relevant products. Some blogs earn over six figures a year through affiliate programs.
- Selling Your Own Products/Services – Convert your audience into buyers to unlock your blog’s real income potential.
While launching a profitable blog requires patience, blogs can eventually earn well over $10,000 per month through unleashing multiple passive income channels that run on autopilot.
Conclusion
Finding fast ways to make extra money is possible through exploring fun side businesses, capitalizing on your existing assets, and building hands-off income streams. Whether you decide to become an Uber driver for quick cash today or work towards long-term passive income through blogging, take the first step towards financial freedom by implementing one of these money-making ideas that fits your lifestyle. Just a few hours per week devoted to these profitable ventures will add up over time. Before you know it, you’ll have the fast cash you need to reach your personal finance goals and live life on your own terms!
FAQs
What is the fastest way to make money?
Some of the fastest ways to make money include driving for Uber or Lyft, delivering food through DoorDash or Uber Eats, listing your extra space on AirBnB, selling used items online, working as a virtual assistant, and investing in dividend stocks. These money-making options allow you to start earning extra income in as little as a few days.
What business makes the most millionaires?
Finance and investments, technology, and real estate businesses have produced considerable numbers of millionaires over time. Other lucrative industries include healthcare, law, insurance, construction, retail, and entertainment/media.
How can I make passive income easily?
Some of the easiest sources of passive income include investing in dividend stocks/index funds, parking money into high yield savings accounts, launching an informational blog that earns advertising and affiliate revenue, and investing in rental real estate properties.
What pays $5000 a week?
Very few jobs or businesses will pay $5,000 weekly outside of top tier professions. However, many of the most lucrative side hustles and investments like ridesharing, blogging, tutoring, and dividends can lead to over $5,000 in monthly earnings with consistency and scale.
What business takes little or no money to start?
Low-cost business ideas include becoming a virtual assistant, driving for Uber/Lyft with your existing vehicle, online tutoring leveraging your knowledge, starting a blog, freelance writing, proofreading, and selling homemade goods on platforms like Etsy. With hustle and perseverance, these self-started ventures can become quite profitable over time with minimal startup costs.
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