Summer has been an excellent time to enjoy the freedom of being a retiree, and now is the perfect time to start a side hustle. Retirees have more time than most people and can use longer days and warmer temperatures to their advantage. If you’re looking for a summer side hustle, here are 11 ideas to help you bring in some extra cash. These side hustles are great for anyone looking to make extra money, or to save some cash for the future.
#1 Get Into Trading
The stock market tends to see an increase in activity around July and the remainder of the summer months. This can be a fantastic time to trade Trading is a dangerous business and will continue to be so. However, those who are smart about it have proven it highly lucrative. It is important to learn as much about the market as you can, as well as how trading platforms operate, perform technical and fundamental analyses, choosing stocks to invest , and so forth.
If you feel a little more daring, you could also try crypto-trading . You will need to learn how the blockchain technology works and how to choose the best crypto trading platform , to decide which cryptos you want to invest in, , and more .
While most seniors and retirees are more cautious than young investors, and may avoid investing in stock and crypto markets at times, retired investors have an edge over part-time, younger investors with regular jobs. Retirees have the time and resources to monitor market developments, act appropriately, and take advantage of trading opportunities only full-time traders could.
Investing in the stock or cryptocurrency market is always risky, regardless of how well you study and practice. Consequently, you should never invest more than you’re willing or able to lose without it jeopardizing your nest egg and retirement income.
#2 Start a Garden or, Better Yet, a Greenhouse Business
One of the greatest things about retiring is being able to spend more time on hobbies and interests. Consider starting a garden if you are a natural green thumb. Not only can gardening be therapeutic and fun, but you can also grow your own food and sell produce at a local farmers’ market or to local restaurants.
If you have limited space, containers gardening may be an option. It is possible to grow vegetables and herbs in containers on your balcony or porch. You could also join other retired people to create a local vegetable garden.
If you’re looking to expand your gardening venture beyond a large backyard and have the space for a greenhouse, it is possible to start one. You can plant plants all year round and then sell the produce to local customers. It’s a good time of year to make those plants available to tourists and locals alike.
#3 Drive for Uber or Lyft
If you live in a bustling town or city with many tourists or a vibrant economy, you can make some extra cash by driving foR rideshare services like Uber or Lyft. This applies especially during summer, when tourist is at their peak.
To get started you will need a clean driving record, and to pass a background screening. A car that is less than 10 years old must be in good condition. You can apply to Uber and Lyft to be a driver if you fulfill all of these conditions.
Once you have been approved, it is possible to start taking passengers on your ride and making money. You can work your own hours, or you can be a Lyft or Uber driver. Are you bored of watching the grandkids go to the pool? Get in your car, and take a few laps.
#4 Rent Out Your Power Tools or Other Hardware
If you are a handy person and have lots of equipment or a large collection of tools, renting these items to others in the community for one-time projects is a great way to make extra money.
You’ll find apps and websites like Sparetoolz and Presta that let you list tools or other equipment to rent. Every niche has an app. Presta, on the other hand, is focused more on gear for outdoor use. ShareGrid, however, is a specialist in camera and photographic equipment.
Once you have listed your items, anyone in the area will be able to search and locate what they are looking for. The person will contact you and arrange for a pick-up time. They can also return the item when it’s finished. After the rental period ends, you get paid via the app.
Renting your tools can be a good way to earn extra income without doing too much. This is a wonderful way to make new friends in your local community.
#5 Turn Your Favorite Hobby Into a New Business
Do you have a passion for a hobby? Do you have a hobby that is incredibly satisfying? Why not make it a business! Numerous retirees did just that, and now they live their dreams.
For example, if you have a knack for crafting, you could start a business making and selling handmade jewelry, pottery, woodwork, or other artisanal products. If you are a skilled painter you might be able to sell your artwork online, at art fairs, galleries, or in person.
There are many possibilities. It is important to figure out how to make money with your hobby. You’ll soon be able to start a new successful business.
#6 Start a Dropshipping Business
Dropshipping allows you to sell products online, but not keep inventory. Dropshipping is where a customer places an order for a product in your online store. You simply call the supplier to have the product shipped directly to their door.
Dropshipping is an excellent business idea for retired people. It doesn’t need much capital to start or maintain. You can run your dropshipping business in your spare time and from the comfort of your own home.
You will need an eCommerce platform such as Shopify or BigCommerce to set up a shop. Next, find suppliers who are willing to dropship your products. After that you are ready to list products in your online store.
#7 Tutor Students Online or In-person
If you are a former teacher, or have an academic background in one subject area, you can tutor students either online or in-person. It’s a wonderful way to earn extra income and give back to your community.
You can connect with students in need of help through websites or apps. Platforms like Chegg and TutorMe allow you to connect with tutors and students. This allows you to market and pay. You can find summer students looking for courses, or to study in preparation for an admissions test.
Tutoring can be a good way to earn extra cash, but also to keep your mind sharp and active. You can work from home and it’s flexible. This could be a great side-hustle that lets you set your own hours.
#8 Become a Freelance Writer or Start a Blog
If you are a good writer, consider making it a side-business. You have many options to start your freelance writing career, such as pitching articles for online publications or starting a blog. Companies may also hire you to create content or ghostwrite books.
To get started in freelance writing, search for jobs online. Or contact the companies to ask about writing opportunities. After you have a few clients lined up, start building your portfolio with sample articles and social media posts.
Blogging can be another option for retired people who wish to earn money writing. A blog is a great summer side-business idea if you have a compelling story (most retired people do). It’s easy to set up and maintain, as well as being free of cost.
#9 Tour Guide Services
If you are passionate about your city or hometown, how about starting a tour business? Walking tours, Segway and food tours are all possible.
This is an excellent summer side-hustle for retired people. It’s easy to start and very profitable. It’s also a fantastic way to make new friends and share your knowledge with others in the area.
Before you start, contact your local chamber of commerce or tourism board to inquire about becoming a certified tour guide. It will give you credibility, and it will make it easier for you to find clients.
#10 Create an Online Course
If you’re an expert in a particular subject or skill, you could create an online course and sell it to students. It’s a fantastic way to earn money and share your knowledge with others. Creating an online course is a bit more involved than some other side hustles on this list, but once the course goes live, it becomes a source of passive income.
You could create one after the other and make a steady income to help you reach your golden years.
#11 Rent Out Your Home on Airbnb
It’s not uncommon for retired people to have a large home with many empty rooms. Some retirees sell their homes and relocate to smaller places that are more cost-effective. Others list the additional rooms to Airbnb to generate an income stream.
With Airbnb you can rent your space out to people from around the globe. It’s a fantastic way to make extra income and get to know new people from other cultures. It’s a great time to get started, especially during summer when tourist season is peak.
The Bottom Line
Retirement does not have to be a time spent at home. You have many options to earn money while you’re still active, especially during the summer. Consider these options if you are looking to start a side business for the summer. This could be the way you make your golden years more enjoyable.
By Jordan Bishop
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