Another 5 Ways to Make Extra Money Even in a Tough Economy (2024)

By Jason Cabler on 25

Another 5 Ways to Make Extra Money Even in a Tough Economy (1)

In my original “5 Ways to Make Extra Money” post, I told you about 5 ways you may not have previously thought of for earning extra money to catch up on bills and begin paying down debt.

I am a firm believer that, no matter what state the economy is in, there is always a way to make a few extra bucks. You just have to be willing sometimes to do something different and maybe even a little inventive.

So let’s take a look at fivemoreways you can earn extra money, even in a tough economy:

Sell Stuff on Ebay

Clean out your attic, your closets, your garage, and your basem*nt and sell a lot of the stuff you don’t use anymore onEbay. You can also buy stuff at garage sales for next to nothing and sell them on Ebay for a profit.

This works especially well for children’s clothing. You can get them at a yard sale for $.25 to $1 per item andgroup them togetherinto outfits.

Generally you want to sell things that are in good condition, but I’ve personally even sold things like broken cameras and other electronics there as well. Many people want to buy broken things just for the parts and sell them for$10-$15.

Make Extra Money With a Garage Sale

Pretty typical advice I know, but hey, go with what works. Especially if you have some large items like furniture or appliances that you need to get rid of, you can get them out the door quickly and make a nice chunk ofextra moneyif you put the right price on them.

Garage sales canmake moneyquickly and declutter your house as well. If there are any items that just won’t sell, donate them to Goodwill and you can get a tax write off for it on next year’s taxes.

Check out Craigslist

Craigslisthas “Jobs” and “Gigs” sections where you can hire yourself out for odd jobs or even skilled positions. On a recent search I saw ads for people in need of everything from a Russian speaking baby sitter, to house cleaners, to skilled positions such as writers andvirtual assistants.

Therearepeople out there that need whatever skills you have, and Craigslist is a great place to start because it canconnect you with peoplewho need what you have much more efficiently than you could in the past.

Detail Cars

Many times people don’t have the time or don’t want to take the time to keep their car as clean as they’d like. That’s where you can help. You can work part time and/or on the weekendsdetailing cars.

You can solicit your detailing services at businesses with a lot of office workers, allowing you to detail several cars in one location while the owners are working. It’s not extremely difficult work, and if youdo an excellent jobyou’ll get plenty of referrals.

We used to have a detailer that came to my office about once a month and he would typically do 2-3 cars while he was there.Extra incomefrom that kind of work can add up pretty quickly!

Deliver Pizzas

This is an old favorite straight fromDave Ramsey. For years Dave has recommended that people who aregetting out of debtcan deliver pizzas part time. The restaurant pays you and if you’re fast and friendly you’ll be able tomake tips from deliveries on top of that.

It’s All About Hustling

Even in thistough economythere is work to be done and money to be earned. You may just have to find it in places you might never have thought to look before. You have toget out there and hustle.

As I’ve said here before, I am thoroughly convinced that in the entire history of the world, there has never been a better time to find ways to make extra money. In these days where you can sell goods andhire out your skillsto virtually anyone on the planet, you can literally operate aglobal business from a simple laptop.

So if you need extra money topay off debt, or even tomake ends meet, just do a little research, come up with a plan and take action.

You can do it!

Question:Do you have any suggestions for how to make extra money? Share it in the comments.

Resources:

Money Making Ideas Page

5 Ways to Make Extra Money, Even in a Tough Economy

Money Making Idea- Sell Groups of Things Online

Money Making Idea #2- Buy and Sell Used Cars

Another 5 Ways to Make Extra Money Even in a Tough Economy (2024)

FAQs

Another 5 Ways to Make Extra Money Even in a Tough Economy? ›

The 5 best ways to make extra money if you hate people are affiliate marketing, drop shipping, day trading, house sitter, or a freelancer.

How do you make money in a tough economy? ›

Instead, dig deep and use these tips to help you make money during an economic downturn.
  1. Protect your existing income. ...
  2. Pick up side gigs. ...
  3. Trim your expenses. ...
  4. Save that surplus. ...
  5. Invest some surplus. ...
  6. Get into real estate. ...
  7. Sell unused things. ...
  8. Start your own business.
Apr 20, 2023

What are the 5 best ways to make extra money if you hate people? ›

The 5 best ways to make extra money if you hate people are affiliate marketing, drop shipping, day trading, house sitter, or a freelancer.

What are two ways you can realistically bring in more cash? ›

Increasing your Income
  • Turn Your Hobby Into A Business. If you have a hidden talent or passion you'd gladly spend more time working on, you can probably find a way to use your skills to turn a profit. ...
  • Ask for a Raise. ...
  • Teach What You Know. ...
  • Rent Out a Room. ...
  • Go Back to School. ...
  • Look for a New Job. ...
  • Get a Second Job.

How can I earn extra money? ›

How to Make Extra Money Online or From Home
  1. Tutor online. ...
  2. Become a user experience tester. ...
  3. Take surveys. ...
  4. Get cash back from apps. ...
  5. Teach English. ...
  6. Get paid for your creative skills. ...
  7. Offer your services as a virtual assistant. ...
  8. Become an influencer.
Mar 22, 2024

How do you make money in a slow economy? ›

What businesses are profitable in a recession? Many investors turn to stocks in companies that sell consumer staples like health care, food and beverages, and personal hygiene products. These businesses typically remain profitable during recessions and their share prices tend to better resist stock market sell-offs.

How do you make money in a weak economy? ›

With a bit of creativity and perseverance, you can make money during a recession.
  1. Build 12 to 24 Month Emergency Fund. ...
  2. Protect Your Earnings First. ...
  3. Boost Your Savings. ...
  4. Minimize High-Interest Debt. ...
  5. House Hack. ...
  6. Keep Your Credit Accounts Active. ...
  7. Invest in Recession-Proof Industries. ...
  8. Create Additional Sources of Income.

How to make money and avoid people? ›

Top Side Hustles for Introverts
  1. Freelance Writing. For introverts who enjoy writing, freelance writing is a great way to make money on the side without having to interact with clients too much. ...
  2. Book Reviews. ...
  3. Data Entry. ...
  4. Online Tutoring. ...
  5. Virtual Assistance. ...
  6. Start an Online Shop. ...
  7. Blogging. ...
  8. Social Media Management.
Jun 13, 2023

How to make money if you don't like people? ›

Dont Enjoy Talking To People To Make Money Here Are 15 Side Hustle Ideas For You Introverts
  1. Self-Publishing. ...
  2. Make Money Watching TV. ...
  3. Pet Sitter/Dog Walker. ...
  4. Online Survey Taker. ...
  5. Blogging. ...
  6. Online Tutor. ...
  7. Product Tester. ...
  8. Some people get paid to read emails.
Jul 6, 2022

Do any side hustles really work? ›

Side hustles are a great way to boost your income, plus they let you explore potential business ideas with little upfront costs or major time commitments. There are a variety of successful side hustle opportunities, whether in-person or online, so chances are there is a side hustle that could work for you.

How to make 1000 a day? ›

Jobs that pay $1,000 a day
  1. Sales representative. ...
  2. Blogger. ...
  3. Digital marketing specialist. ...
  4. Freelance writer. ...
  5. Business development executive. ...
  6. Freelance designer. ...
  7. Petroleum engineer. ...
  8. Sales executive.

How to legitimately make money from home? ›

How to Make Money from Home: 23 Proven Ways
  1. Rent out rooms in your home. ...
  2. Be a housesitter. ...
  3. Become an online tutor. ...
  4. Rent out your car. ...
  5. Start a freelance business. ...
  6. Pet sitting at your home. ...
  7. Monetize social media and streaming accounts. ...
  8. Sell web domain names.

How can I earn $100 daily? ›

How to Make 100 Dollars A Day (Without a Job)
  1. Launch An Ecommerce Store.
  2. Become A Freelancer.
  3. Create and Sell Online Courses.
  4. Become An Influencer.
  5. Become An Uber/Lyft Driver.
  6. Online Tutoring.
  7. Become An Airbnb Host.
  8. Pet Sitting.
Feb 29, 2024

What side hustles pay weekly? ›

Overview: Side hustles that pay weekly
Side HustleEarning PotentialPayment Frequency
Online Tutoring$500-$1000Weekly
Food Delivery or Rideshare Driver$500-$850Weekly
Side Gigs$500-$850Weekly
Babysitting or House Sitting$350-$500Every two days or more frequent
3 more rows
Mar 22, 2024

What side hustles pay the most? ›

Top ten side hustles from NetCredit study
  • Presentation design ($163.62)
  • Website designer ($162.18)
  • Songwriter ($158.14)
  • 3D Industrial design ($142.34)
  • Brand style design ($136.43)
  • AI spokespersons videos ($134.40)
  • Packaging and label design ($122.66)
  • UX design ($122.09)
Apr 16, 2024

How do you survive harsh economic times? ›

A recession could harm your finances. However, with intellectual monetary habits, you can protect yourself financially ahead of time. These ideas include having emergency funds, multiple sources of income, controlled spending, diversifying investments, and real risks.

What sells best during a recession? ›

Toothpaste, deodorant, shampoo, toilet paper, and other grooming and personal care items are always in demand. Offering these types of items can position your business as a vital resource for consumers during tough times. People want to look good, even when times are tough.

Where is your money safest during a recession? ›

Where to put money during a recession. Putting money in savings accounts, money market accounts, and CDs keeps your money safe in an FDIC-insured bank account (or NCUA-insured credit union account). Alternatively, invest in the stock market with a broker.

What not to buy during a recession? ›

Most stocks and high-yield bonds tend to lose value in a recession, while lower-risk assets—such as gold and U.S. Treasuries—tend to appreciate. Within the stock market, shares of large companies with solid cash flows and dividends tend to outperform in downturns.

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