7 Best Side Gigs for People in Their 40s
Most Americans now have a side hustle. In fact, a recent survey conducted by Insuranks found that a whopping 93% of Americans have a side job, with the most common reason being for something to do that earns them a bit of extra cash (66%). Others have a side job out of necessity, with 44% saying they work an extra job to make ends meet and pay bills, and an additional 28% stating that they took on a side gig due to inflation driving up costs.
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Whatever your reason may be, if you’re looking for a side gig, you might not know where to start. When you’re in your 40s, you might be juggling multiple responsibilities, but also have a couple of decades of career experience behind you, which could make you qualified for some higher-paying gigs. Here are several side gig ideas for people in their 40s.
“One of the best side gigs for people in their 40s is freelance writing,” said Darren Shafae, founder of ResumeBlaze. “Freelance writing allows you to leverage your full-time job experience and use it to make money on the side. You can write content on a variety of topics, including business, health and wellness, lifestyle, sports and more in a variety of formats, including blog posts, web copy, e-books and white papers.”
In addition to leveraging your experience, freelance writing is also ideal for those who have a busy schedule.
“With freelance writing, you can set your own hours and work from home or wherever you have an internet connection,” Shafae said. “To get started, you may want to consider creating a portfolio of your work and marketing yourself to potential clients. Social media is also a great way to connect with potential clients and showcase your work.”
“With the increase in remote work, there are more opportunities than ever to make money as a virtual assistant,” Shafae said.
In this role, you provide administrative support to clients from wherever you are. Responsibilities may include scheduling appointments, managing emails, organizing files and managing projects.
“You can charge clients on an hourly basis or work out a flat rate for each task,” Shafae said. “To get started, you can create a profile on freelance websites and start marketing yourself. You can also reach out to remote companies or individuals who may be looking for virtual assistant help. There are virtual assistant work opportunities that will give you the flexibility to set your own hours and take on as much or as little work as you’d like.”
“For people in their 40s — who have a wealth of experience and knowledge from their full-time jobs — consulting can be a great way to leverage that experience and make good money on the side,” said Sumeet Kumar, founder of MoneyFromSideHustle.com.
The average pay for this side gig is around $30 per hour, according to Indeed.
Tutoring can be a lucrative side gig for people who have worked full-time in education or who are experts in a particular subject.
“You can teach a variety of subjects, including math, science, language and more,” said Ciarán Hourican, career training specialist and managing director of H-Training. “You can also offer online tutoring or teaching services, which allows you to reach a wider audience. Tutoring services are always popular, and with a little bit of effort, you can end up making significant amounts of money on the side.”
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Pet-Sitter or Dog Walker
This is a great side gig if you love animals and want to earn some extra cash on your schedule.
“You can care for pets while their owners are away on vacation or at work, or you can walk dogs during the day,” Hourican said.
Social Media Manager
Social media skills are in high demand, so if you have experience in this area, you can easily find some extra work to do on the side.
“With the growing importance of social media, many businesses and individuals are in need of help with managing their online presence,” Hourican said. “You can offer your services to help them create and post content, manage their accounts and engage with their audience.”
“From photography to woodworking to resin art, many common hobbies have a high earning potential,” said Anjela Mangrum, founder and president of Mangrum Career Solutions. “Enjoying what you do will also lessen the risk of burnout as you work two jobs. Just make sure to do your research and check if your idea is actually in-demand.”
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This article originally appeared on GOBankingRates.com: 7 Best Side Gigs for People in Their 40s