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How to Make Money Fast: 10 Easy Ways to Make Money in the next Hour

How to Make Money Fast: 10 Easy Ways to Make Money in the next Hour

The average savings rate for an American under 35 right now is -1.8 percent. (Yes, negative.)[1] Coupled with declining salaries from large companies[3] and the rise of the “gig economy” (where payments don’t always occur at stable times), there are often situations now where (especially young) people need to know how to make money fast.

Of course, thousands of sites — maybe even millions — claim to offer ways to make money fast, or to teach you some hack about how to make money fast, but the sites are scattered and have varying degrees of validity. Many of us don’t know where to start, or if the site we found is reputable.

Our goal here is to fix that and to show 10 possibilities for how to make money fast.

1. Do One-off Selling on LetGo

LetGo is a great site for one-off selling to people in your neighborhood or general region. Anything with value, from clothes to old books and magazines, is going to be fair game.

You need quality images, some ideas of a valid price point, and the ability to upload. You can also cross-share on Facebook and Instagram to drive more traffic to the sale. People have sold everything from old pens to collections of Blue Apron recipes on LetGo and made money quickly.

2. Sell Overseas for a Better Price

Two good sites for this are Alibaba and Taobao. When you sell items that are local to you but to overseas customers, you can get better deals —  because things are often considered more valuable if they’re rare or imported from elsewhere.

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While it is possible to also sell services on sites like these, offering services from the U.S. to China might require consistent use of a private jet, and if that’s your situation, you probably don’t need this article in the first place.

3. Rent out a Room on AirBnB

AirBnB is an excellent way to make some additional cash. Many are now renting out their apartment and, using the funds from that rental, traveling the same weekend.

Most AirBnB hosts are still doing it for side/quick money, although there are six-figure AirBnB earners.[2] In 2016, about 75 people worldwide earned more than $1 million hosting AirBnB,[4] although admittedly earnings for hosts are higher in 15 cities globally.[5] (In general, a “good” AirBnB city can yield a host up to 81% of their rent.)

Signing up for AirBNB is safe and easy, here’re some handy tips to get started.

4. Rent out Parking Space with JustPark

You can rent out driveways, car parks, empty hotel spaces, etc. — and do so within the time windows that work for you with JustPark. There are a few limitations you need to be aware of, such as whether you’re the legal owner of the space (not a deal-breaker!) or whether the space requires FOB access. Check out the detailed requirements on JustPark here.

JustPark is a good revenue-generator for some, although the monthly earnings are likely to be less than AirBnB. One “hack” to know, though: JustPark listings that include Minimum Retail Prices actually — and counterintuitively! — make 4x the revenue of other listings on the service.[6]

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5. Writer Reviews as a Product Tester

This is a fairly easy one: visit a website/app, complete a series of tasks, and earn $10 per test on UserTesting. There are some necessary requirements, including:

  • A PC or Mac, an internet connection, and a microphone. You’ll need an iPhone, iPad, Android phone or Android tablet If you’d like to take Mobile tests.
  • Ability to download testing software.
  • You must be at least 18 years old.
  • Ability to speak your thoughts aloud in English.

6. Teach on iTalki

In short, you’ll get paid to help others learn a language. There are a number of benefits, including a flexible schedule and international payments. Close to 20 languages are currently available to teach in, with demand consistently growing.

iTalki takes about 15% of your earnings, and is best thought of as an extra income source — not a primary one. It’s a good example of how to make money fast though you won’t make a huge amount.[7]

Sign up and become a teacher on iTalki.

7. Do Pet Sitting

There’s an extensive database of pet sitting jobs available on PetSitter, which is a huge bonus for pet lovers looking for ideas on how to make money fast.

In addition to pet-sitting, there are a range of other pet-related activities (mostly dog-walking and feeding). The ceiling on pet-sitting earnings from this or other sites (such as Rover) is about $3,000-$4,000 per month, with most users making less than $1,000.[8]

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It depends on time available, market you’re operating in, and context. By “context,” one thing to note is that finding people who vacation a lot (empty nesters, retirees, etc.) will increase your recurring income from pet sitting. Once they trust you with their pets, they might hand you the contract for every vacation.

8. Get a Child Care or Home Care Job

You can find typically child care or home care jobs designed to fit your schedule on Care.com. The jobs will vary from babysitting to nanny work to after-school pickup to housekeeping, shopping, errands, and more. They do offer rate calculators for various services, such as babysitting, with larger cities starting around $20/hour relative to experience.

One advantage of making money on Care.com is the volume of jobs available is very high. If you have flexibility to combine different commitments, you can generate $1,500+/month from this site.

9. Become a Uber Driver

There have been lots of discussions about driving for Uber vs. Lyft and which is better for drivers (the argument varies), but Uber’s driver requirements aren’t hard to pass. Check out the requirements to become a Uber driver here.

Ride share driving is easy in terms of GPS navigation helping guide you, and the schedule is flexible. The actual hourly rate varies by city, but it’s usually $20/hour or under.[9]

It’s oftentimes hard for Uber to classify because they don’t designate their drivers as employees. When they advertise $40/hour (as has happened), that’s probably on the very high end.

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Now you can even get a guaranteed $275 for your first 40 rides with the invite code here.

10. Sell Your Talent at Fiverr

Fiverr is one of the more popular gig sites, with new projects requested every five seconds and about 25 million projects completed to date. There are about 100 categories to choose from including writing, animation, design, making products go viral, Facebook cover photos, voice-over, etc.

As a seller, you can charge anywhere from $5 to $995 for your package. They also have a “Pro” option now once you either prove expertise in a given area or work with a wide variety of clients.

People do make six figures on Fiverr,[10] although that’s admittedly rare — most people make about $300 to $500/month depending on their level of commitment to the platform.[11]

Start selling your skill at Fiverr.

The Bottom Line

There are many practical ways to make money fast online, typically through the emergence of new platforms. It’s important to remember the trade-off between flexibility and stability.

These approaches of how to make money fast will usually give you some degree of flexibility in when you work and how you earn, but they may not give you stability. If you have certain bills that are due at a given time each month (i.e. rent on the 1st), you will need approaches to how you save or periods of time you ramp up working.

Reference

[1] The Wall Street Journal: Younger Generation Faces a Savings Deficit
[2] Fast Company: Secrets Of Running A Six-Figure Airbnb Business
[3] Wharton: Why It No Longer Pays to Work for a Larger Firm
[4] Forbes: The 75 People Who Make $1M A Year From Airbnb
[5] Smart Asset: Where Do Airbnb Hosts Make the Most Money?
[6] Just Park: 7 Easy Ways To Increase Your JustPark Earnings
[7] glassdoor: iTalki
[8] New York Post: Meet the people making $3,300 a month pet-sitting for strangers
[9] The Washington Post: How much Uber drivers actually make per hour
[10] Forbes: How These 3 People Make 6 Figures A Year On Fiverr
[11] Joseph Feliciano: 22 Days On Fiverr + Income Report

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Brian Lee

Chief of Product Management at Lifehack

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Last Updated on March 23, 2021

Manage Your Energy so You Can Manage Your Time

Manage Your Energy so You Can Manage Your Time

One of the greatest ironies of this age is that while various gadgets like smartphones and netbooks allow you to multitask, it seems that you never manage to get things done. You are caught in the busyness trap. There’s just too much work to do in one day that sometimes you end up exhausted with half-finished tasks.

The problem lies in how to keep our energy level high to ensure that you finish at least one of your most important tasks for the day. There’s just not enough hours in a day and it’s not possible to be productive the whole time.

You need more than time management. You need energy management

1. Dispel the idea that you need to be a “morning person” to be productive

How many times have you heard (or read) this advice – wake up early so that you can do all the tasks at hand. There’s nothing wrong with that advice. It’s actually reeks of good common sense – start early, finish early. The thing is that technique alone won’t work with everyone. Especially not with people who are not morning larks.

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I should know because I was once deluded with the idea that I will be more productive if I get out of bed by 6 a.m. Like most of you Lifehackers, I’m always on the lookout for productivity hacks because I have a lot of things in my plate. I’m working full time as an editor for a news agency, while at the same time tending to my side business as a content marketing strategist. I’m also a travel blogger and oh yeah, I forgot, I also have a life.

I read a lot of productivity books and blogs looking for ways to make the most of my 24 hours. Most stories on productivity stress waking up early. So I did – and I was a major failure in that department – both in waking up early and finishing early.

2. Determine your “peak hours”

Energy management begins with looking for your most productive hours in a day. Getting attuned to your body clock won’t happen instantly but there’s a way around it.

Monitor your working habits for one week and list down the time when you managed to do the most work. Take note also of what you feel during those hours – do you feel energized or lethargic? Monitor this and you will find a pattern later on.

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My experiment with being a morning lark proved that ignoring my body clock and just doing it by disciplining myself to wake up before 8 a.m. will push me to be more productive. I thought that by writing blog posts and other reports in the morning that I would be finished by noon and use my lunch break for a quick gym session. That never happened. I was sleepy, distracted and couldn’t write jack before 10 a.m.

In fact that was one experiment that I shouldn’t have tried because I should know better. After all, I’ve been writing for a living for the last 15 years, and I have observed time and again that I write more –and better – in the afternoon and in evenings after supper. I’m a night owl. I might as well, accept it and work around it.

Just recently, I was so fired up by a certain idea that – even if I’m back home tired from work – I took out my netbook, wrote and published a 600-word blog post by 11 p.m. This is a bit extreme and one of my rare outbursts of energy, but it works for me.

3. Block those high-energy hours

Once you have a sense of that high-energy time, you can then mold your schedule so that your other less important tasks will be scheduled either before or after this designated productive time.

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Block them out in your calendar and use the high-energy hours for your high priority tasks – especially those that require more of your mental energy and focus. You also need to use these hours to any task that will bring you closer to you life’s goal.

If you are a morning person, you might want to schedule most business meetings before lunch time as it’s important to keep your mind sharp and focused. But nothing is set in stone. Sometimes you have to sacrifice those productive hours to attend to other personal stuff – like if you or your family members are sick or if you have to attend your son’s graduation.

That said, just remember to keep those productive times on your calendar. You may allow for some exemptions but stick to that schedule as much as possible.

There’s no right or wrong way of using this energy management technique because everything depends on your own personal circumstances. What you need to remember is that you have to accept what works for you – and not what other productivity gurus say you should do.

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Understanding your own body clock is the key to time management. Without it, you end up exhausted chasing a never-ending cycle of tasks and frustrations.

Featured photo credit: Collin Hardy via unsplash.com

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