As you approach retirement, you might find your savings aren’t quite where you’d like them to be. Fortunately, it’s never too late to boost your retirement fund. With the gig economy thriving, there are plenty of side gigs that can supplement your income. Take a look at my top picks.
1. Freelance Writing
If you enjoy writing, freelance writing is a lucrative side gig. Websites, marketing agencies, and bloggers constantly need quality content. You can write about topics you’re passionate about or have good knowledge in and market yourself to businesses and blogs in those niches to maximize your earning potential.
2. Virtual Assistant
Businesses are increasingly seeking virtual assistants for tasks like email management, scheduling, and customer service. The flexibility and remote style of this rolemake it ideal for those nearing retirement. I have a couple of VAs working in different areas of my business, and I genuinely value their skills, as they free me up to work on the tasks I excel at to grow my business.
3. Online Tutoring
If you have expertise in a subject, online tutoring is a rewarding way to earn extra income. Platforms like VIPKid or Tutor connect tutors with students worldwide. It’s a chance to share your knowledge and make a difference while boosting your savings.
4. Rideshare Driver
Driving for rideshare companies like Uber or Lyft is a flexible way to earn money. You can set your own hours, allowing you to work as much or as little as you want. If you like driving and you’re a people person, this is a solid option for adding to your retirement fund.
5. Renting Out Spare Space
If you have extra space in your home, consider renting it out on Airbnb. It can be a significant source of income, especially if you live in a high-demand area. It requires minimal effort and can be quite profitable.
6. Selling Handmade Goods
If you’re crafty, selling handmade goods on platforms like Etsy can be a fulfilling way to earn extra cash. From knitting to woodworking, your hobbies can turn into a profitable venture.
7. Dog Walking or Pet Sitting
For animal lovers, dog walking or pet sitting can be an enjoyable way to make extra money. Apps like Rover make it easy to connect with pet owners in your area. It’s a fun way to stay active and earn income.
8. Social Media Management
Many small businesses look for people with solid social media skills to manage their social media presence. If you’re savvy with platforms like Facebook, Instagram, or Twitter, this could be a lucrative gig. It involves creating content, engaging with the audience, and sometimes managing ad campaigns.
9. Photography
If you can take a good photo, consider selling your images to stock websites or offering your services for events, portraits, or weddings. Photography can be a deeply rewarding side gig that harnesses your creative skills.
10. Graphic Design
For those with a knack for design, freelance graphic design offers the opportunity to work on diverse projects like logos, brochures, or websites. Sites like 99designs or Behance can help showcase your work and connect with potential clients.
11. Home Repair and Handyman Services
If you’re handy around the house, offering your services for home repairs can be a great way to earn money. Many homeowners look for reliable and skilled handymen for various tasks, which can be a steady source of income. Do check if there are any local or state regulations for your location about certifications and insurance before you pursue this option.
12. Fitness Training or Yoga Instruction
Certified fitness trainers or yoga instructors can earn a substantial side income. Whether it’s one-on-one sessions, group classes, or even online instruction, this gig also helps you stay fit and healthy. One of my friends turned her passion for yoga and mediation into a lucrative online business where she holds remote yoga classes, one-on-one virtual sessions, and online retreats.
13. Translation Services
Being fluent in more than one language opens doors to translation work. Websites, legal documents, or even video subtitles often require professional translation, which you can do remotely.
14. Gardening or Landscaping Services
If you have a green thumb, offering gardening or landscaping services is profitable, enjoyable, and therapeutic venture. This is especially viable in areas where people take pride in their outdoor spaces but might not have the time or ability to maintain them.
15. Personal Chef or Catering
If cooking is your passion, consider becoming a personal chef or starting a small catering business. You can specialize in specific cuisines or dietary preferences, offering a personalized service that is in high demand.
16. Online Course Creation
Create and sell courses in your areas of expertise. Platforms like Udemy or Teachable allow you to reach a wide audience. This is a great way to pass on your knowledge and earn passive income. The courses I’ve launched bring me income passively every month.
17. Real Estate Investing
If you have some capital to start with, real estate investing has solid potential as a side gig. Renting properties or flipping houses can provide a significant income boost and help you catch up on retirement savings.
18. Bookkeeping Services
For those with a background in finance, offering bookkeeping services to small businesses or entrepreneurs can be a steady source of income.
19. Personal Shopping or Styling
If you have a flair for fashion, personal shopping or styling services can be a fun and profitable venture. You can help clients shop for outfits, style their wardrobes, or even prepare for special events.
20. Car Detailing Service
Starting a car detailing service is a good idea if you’re meticulous and take pride in making vehicles shine. You can set this up from your home or offer a mobile service.
21. Affiliate Marketing
Affiliate marketing is a potentially lucrative side gig if you have a blog or a strong social media presence. By promoting products and earning a commission or referral fee for every sale made through your link, you can generate a significant income.
22. Music Lessons
Offering music lessons in person or online is a nice way to earn extra money if you’re skilled in a particular instrument or vocals. Watching people learn and grow and build their talent and creative career is immensely rewarding.
23. E-commerce Store
Starting an e-commerce store on platforms like Shopify or Etsy can turn into a profitable business. Whether it’s selling unique products or dropshipping, this venture has the potential for significant earnings.
24. Event Planning
Event planning could be a suitable side gig if you’re organized and enjoy coordinating events. From weddings to corporate events, this role requires creativity and meticulous planning.
25. Consulting in Your Field of Expertise
If you have years of experience in a particular field, offering consulting services can be both financially rewarding and personally fulfilling. You can leverage your expertise to advise businesses or individuals.
