Are you pressed for cash and wondering if there is a way you can make a few hundred dollars within a few hours each week? Imagine how that would stack up and supplement the income from your main job over time.
Never underestimate the power of making small amounts of money here and there. Any extra income you make outside of your full-time job can prove handy one day, even if it may not be needed as much now.
For example, if you worked on a side hustle that paid $50 an hour and dedicated five to 10 hours a week on it, you would already be making between $250 and $500 each week, and at the same consistent rate, earn between $1,000 to $2,000 a month—quite a decent sum to top up your paycheck, wouldn’t you agree?
That extra $1,000 to $2,000 of disposable income can be used in a variety of ways for different purposes, such as building your investment portfolio, adding to your savings for a rainy day or for future educational purposes, investing in and growing your own business venture—or simply for the enjoyment of splashing out on a new car, luxury purchase, or a well-deserved vacation.
Thankfully, you don’t need to look too far for ideas on how to make money from home. Side hustle ideas can be found everywhere.
But which ones pay at least $50 an hour?
Below are some of the most lucrative side hustles you should consider in 2024:
1. Freelance Graphic Design
Graphic designers hold an essential function within the rapidly-expanding digital marketing and social media management industries. They perform on other projects which are not digital as well, but since digital marketing has strong growth potential, this is likely where you can expect to find the most opportunities.
Although new AI (artificial intelligence) technologies such as AI image generators and AI-powered photo editors might appear to threaten the livelihood of freelance graphic designers, it appears that the need for graphic design is here to stay for the long haul. Employment here is moving just as fast as average, and AI has its limitations. It cannot be completely as creative as the human mind, and it is subject to many serious flaws, at least at this stage of its technical development.
As a graphic designer you can leverage AI to enhance your creativity and streamline the design process, saving you time and energy while making money through this side hustle.
You can typically expect to make between $15 to $150 an hour, according to Upwork.
2. Mobile App Development
Another lucrative side hustle with which you can earn $50 or more an hour is mobile app development. The mobile app market was valued at $240.4 billion in 2023, according to Strait Research, and is expected to reach approximately $666 billion by 2032.
Many mobile app developers start off doing it as a hobby, and then end up turning this into a side hustle and getting paid for it. There are different ways you can make money from this, such as:
- In-app purchases
- Ad revenue
- Creating apps for sale to companies
3. Document Reviewing
An analysis of freelance document reviewers on Upwork reveals that these freelancers usually charge between $40 to $175 an hour for specialist review and recommendations for legal paperwork, with many tending to price their rates at $45 or $65 per hour.
If you are a law graduate and seeking to warm up to the industry and gain hands-on experience while applying for roles at law firms, or already have significant legal expertise under your belt but wish to take up something extra on the side and diversify your income streams, this might be a good side hustle for you to try. You can do it flexibly in your own time and liaise with the client with your completed review afterwards.
With the right investment of time, research, upskilling, and effort, these three side hustles can help you accrue $50 or more an hour and set you up for financial and career success in the near future.
Source: 3 Side Hustles That Pay $50+ An Hour In 2024