1. Start Driving
Job title: Uber of Lyft driver
Potential earnings: $12.66/hour
Work 8 hours a week for 50 weeks to earn $5,000
You can turn a depreciating asset — your car — into an income-producing one by becoming a driver for a ridesharing service like Lyft or Uber.
Money expert Clark Howard tried his hand at both Uber and Lyft. He drove for 4.5 hours around metro Atlanta and made $57 before tax.
That works out to be an average of $12.66/hour. That means you’d have to work 395 hours over a year — or about 8 hours/week for 50 weeks — to gross $5,000 before taxes.
2. Turn the Pictures on Your Phone Into Money
Job title: On-demand photographer
Potential earnings: $50 to $75 per picture
Sell just two pictures (at $50 each) per week for 50 weeks to earn $5,000
Great news if you’re a shutterbug! A whole host of players out there will let you turn the pictures on your smartphone into money.
For example, Snapwire is just one of several apps that lets you accept commissioned tasks — called requests and challenges — from brands and ad agencies to shoot certain subjects. Or, you can submit your own portfolio of general interest pics for sale.
Snapwire takes nothing from the sale price on requests and challenges, but a 50% fee on portfolio pics that sell.
The average photo in the requests and challenges category sells for anywhere between $50 and $75, according to one recent review.
3. Pick Up a Work-From-Home Job
Job title: Home-based agent
Potential earnings: $15/hour
Work one eight-hour shift (or two four-hours shifts) each week and you’ll earn $5,000 in just 42 weeks
Running all around town to shoot pictures or picking up strangers in your car and having to make small talk may not be your cup of tea.
If you prefer something a little more sedentary and predictable,