Teaching English online

Estimated pay: $18-$28 per hour

If you have teaching qualifications and experience, one of the best ways to earn some extra cash is to teach English online. There are a number of websites that will allow you to do this, but one of the most established and popular ones is VIPKID. VIPKID requires a four-year degree and two years of experience, along with being authorized to work in the U.S. or Canada.

The biggest draw to teaching English online is the flexibility. You can create your own schedule working when you want and as much as you want. With VIPKID, there is also no minimum hour commitment. Plus, the classes are only 25 minutes long. Another advantage is that you don’t have to do any lesson planning, the company has that all taken care of and you just need to follow the curriculum.

The downside of teaching English online is that it can be incredibly competitive. You also have to sign a contract (for VIPKID it’s six months). VIPKID's contract does not guarantee a full schedule and does not impose requirements for how many classes you must teach. The contract also includes stipulations for base-pay and details such as the fees for cancelling classes at the last minute, or not showing up at all.

Also keep in mind the peak teaching hours can be quite early in the morning or late at night as many of the students are in China.

Empower your investments with Qtrade

Discover Qtrade's award-winning platform and take control of your financial future. With user-friendly tools, expert insights, and low fees, investing has never been easier.

Start Trading Today

Selling digital products

Estimated pay: Unlimited

If you are looking to make passive income then consider selling digital products. The possibilities here are endless. Digital products can be anything and everything from digital artwork to travel itinerary planners, calendars to place settings for weddings, ebooks to photo editing pre-sets etc. If you are creative or knowledgeable you can easily come up with a product to sell digitally on a platform like Etsy.

The big advantage to this type of work is that you just have to create the product once and then you can sell it over and over again to your buyers. Since these are online sales for digital products, you don’t physically have to do the work to sell or ship the item. Everything is set up to go automatically, which means this type of work is considered to be passive income. However, the downside is that you need to put in the work to make sure that your product is seen and stands out from the competition, which means dabbling in marketing and advertising. Not only can this be time-consuming, but it also means it can take time before your products start to sell.

Those who are successful have the potential to make thousands of dollars per day. However, that’s not the reality for most people. That being said, if you have a good product(s) that targets a specific niche, you can make a few hundred or even a couple thousand dollars per month by selling digital products.

Virtual assistant

Estimated Pay: $20/hour

If you enjoy social media and online work then you can offer services as a virtual assistant (VA). Many bloggers, influencers, and even local companies need some help with everyday online work. This can include scheduling and posting to social media, responding to emails or doing research for upcoming projects or articles.

VA roles are generally pretty flexible with the schedule, which makes it an easy job to do after hours and from the comfort of your home. Depending on who is hiring, they might offer anywhere from five hours a week to 20, which means you have a good chance of finding work to fit your schedule and needs.

Unexpected vet bills don’t have to break the bank

Life with pets is unpredictable, but there are ways to prepare for the unexpected.

Fetch Insurance offers coverage for treatment of accidents, illnesses, prescriptions drugs, emergency care and more.

Plus, their optional wellness plan covers things like routine vet trips, grooming and training costs, if you want to give your pet the all-star treatment while you protect your bank account.

Get A Quote

Freelance writing

Estimated Pay: $30/hour

Another option to supplement your income in a work-from-home environment is to try your hand at freelance writing. While print journalism isn’t as common anymore, there are plenty of online outlets looking for writers and contributors on a variety of topics. Pay can vary drastically depending on the type of writing you are doing, the subject, and the client. New writers can make as little as $0.01 per word while more established writers in a niche market can earn $1 per word

Since the work is freelance, it’s up to you to decide how much work you want to take on. You are also able to work around your schedule. The trickiest part of being a freelance writer is finding clients. Pitching can be time-consuming and not always lucrative, especially if you are new to this type of work. In this case, you can look to websites such as UpWork where you can browse through potential projects and clients and pitch there. The advantage of this kind of platform is that it’s easier to find clients. The downside is that these tend to be low-paying clients and the platform also takes a cut of your payments.

Freelance photographer

Estimated pay: $25/hour

Having an online presence is a huge part of today’s reality, personally and professionally, meaning that photographers are more sought after than ever. There is demand for the usual suspects, like weddings and headshots, but also for small businesses looking to photograph products, or families looking for someone to capture their vacation memories.

While having an established presence is always helpful, there are a number of websites where you can advertise your services so potential clients can easily find you, such as Airbnb Experiences. This type of work can be fun, flexible, and lucrative but depending on demand, it may not be as consistent as the other side hustle options on this list.

Sponsored

Trade Smarter, Today

Build your own investment portfolio with the CIBC Investor's Edge online and mobile trading platform and enjoy low commissions. Get up to $100 in commission-free options until October 31, 2024.

Hannah Logan Freelance Contributor

Hannah Logan is a Canadian freelancer writer and blogger who specializes in personal finance and travel. You can follow her adventures on her travel blog EatSleepBreatheTravel.com or find her on Instagram @hannahlogan21.

Disclaimer

The content provided on Money.ca is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter. Advertisers are not responsible for the content of this site, including any editorials or reviews that may appear on this site. For complete and current information on any advertiser product, please visit their website.