If you do so, a house cleaning that takes an afternoon (four hours) could earn as much as $150. Cleaning can pay low wages, so you’ll need to market yourself as a premium service to avoid getting minimum wage rates. Babysitting earns minimum wage a three-hour booking will earn around $60. If you find cleaning stress-relieving or deeply satisfying, this could be the side hustle for you.Įstimated earnings: It ranges a one-hour dog walk could command as much as $20, but if you have five dogs on the go, that’s $80 to $100 per hour. While apps and websites exist to list your services, the old-fashioned approach of word-of-mouth often works best.Īlternatively, many households are happy to pay for cleaning services if you don't want to look after dogs or children. While the hours will almost certainly be in the evening, babysitting and child-minding are in-demand services. If dogs aren’t your thing, becoming a local babysitter is another option. Better still, the more dogs you manage, the higher your hourly earnings. If you’re available from 9am to 5pm, setting up a dog walking service can be a lucrative option. People love their dogs, and many are comfortable spending whatever it costs to ensure their dogs are happy. How much you earn depends on what you offer and how many clients order your services.ĭog walking is big business. For example, if you charge $100 for a service, you’ll receive $80, and Fiverr keeps $20. Like Fiverr, ensuring a long and happy existence on the platform revolves around consistently delivering quality and keeping buyers happy and informed.Įstimated earnings: Fiverr charges a 20% fee. The website attracts millions of buyers daily, and customers can order from all over the world. If you’ve been thinking about becoming a Virtual Assistant, Fiverr lets you ‘try before you commit’ by taking on ad-hoc work for specific one-off projects.Īlternative: If you’re skilled in crafts and not so much in design services, ETSY is a popular platform to sell homemade craft items. Our guide to working on Fiverrexplains the opportunities, pros and cons. For example, a web design gig is more valuable than a data entry gig, but it also can be more competitive as many sellers offer their services. What you earn depends on the value of the services you offer, known on Fiverr as ‘gigs’. Tax deductions will vary based on your use and how many rooms you can rent/offer to boarders.įiverr is a huge marketplace for business owners looking to engage professional services, such as logo design, content writing, PowerPoint preparation, web design and even app building and video marketing. You'll need to pay for these from the "revenue" you receive.Įstimated earnings: $100 to $300 a week, depending on the property and location. However, this method assumes you'll include expenses such as power, phone, internet, food, streaming subscriptions etc. There is a maximum of four boarders, so the total allowance is just over $40,000 per year ($194 X 4 rooms X 52 weeks). The IRD lets you deduct up to $194 per boarder per week under its standard cost method. Renting out a room to boarders or homestay students offers up to $40,000 per year of tax-deductible costs The IRD helpfully outlines this step-by-step guide. While your income will be boosted from a spare room revenue, you can minimise the tax you need to pay by calculating what you incur as a percentage of the total use. Firstly, for flatmates, you can deduct the allowable rental expenses incurred when you live with your flatmate(s). It can be complicated and requires some calculations, but if you persist, there are savings to be had. Yes, you will have people in your house, sitting on your sofa, using your kitchen etc., but the extra money can be considerable. If you rent or own a home, and there's a spare room, you can earn up to $40,000 "tax-free" by deducting the costs from the income.
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