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Looking back on 2018, it’s easy to consider it the year of the entrepreneur. There are more opportunities than ever to multiply your income streams and increase your yearly revenue. Here are some of the most popular ways that people made extra money in 2018.

Driving for Uber and Lyft

The rise of app based services increased exponentially in 2018. Uber and Lyft continue to be extremely popular ride-sharing services, and usage is up higher than ever, which means opportunities for new drivers were plentiful. Part of the reason this “side hustle” is so popular is because of the low barrier to entry. The only requirement is that users have a car – from there they can easily sign up through the app, and pending approval, start driving on your own time. This is another reason people like driving for Uber and Lyft – the hours are incredibly flexible, and they can essentially create their own schedule. For these reasons and more, ride-sharing services were one of the most popular ways to make money on the side in 2018.

Working as a Delivery Person

Another way that apps contributed to the gig-society of 2018 was through other delivery-based apps, such as Ubereats, Postmates, Grubhub, and more. These delivery apps allow restaurants and other vendors to easily deliver their items to willing customers, but they require “middlemen” – drivers to sign up to deliver the food. This is a very popular gig again because it allows drivers a flexible schedule, and doesn’t take much time or energy. And since people are pretty much always ordering food, the hours are extensive. 

Taking Surveys Online

One of the original ways to make extra money online was by participating in online surveys and focus ground for compensation. With the rise of social media and other data collection platforms, the need for data collection has only increased over the last few years, which means more survey-taking opportunities for the general public. Plus, since paid surveys can easily be taken at home, or from any location where the user can access a computer, they are very easy to do.  

Selling Products Online

In the last few years, ecommerce has seen a massive boom. Especially with the help of online platforms like Shopify and other shop hubs online like Etsy, there are more opportunities than ever for people to sell online, and it’s incredibly easy to set up a shop. Setting up your own ecommerce shop is a great option for people who have a product that they can either make themselves, or are passionate about reselling. Since the barrier to entry is low, and the potential for profit is high, selling products online proved a very popular money-making option for ambitious entrepreneurs in 2018.

The gig economy saw a drastic upswing in 2018, and this trend is likely to only continue and grow. Entrepreneurial opportunities will continue to make themselves available, and hungry business-owners will find and pursue these opportunities. We will see how the gig-economy changes and grows in 2019 and beyond. 

Most Popular Ways to Make Money on the Side in 2018
Digital Mag

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