One of the monthly columns I write for Investing Daily’s Income Forecaster focuses on unconventional income opportunities. Each month I do a deep dive into one of two broad categories: unconventional investments, like master limited partnerships (MLPs), which are easily tradable on exchanges, and side gigs, which provide additional income streams that nearly anyone can pursue.

This article provides a brief overview of some of the most popular and accessible side hustle options for those looking to supplement their earnings.

Freelancing: Monetizing Your Skills

Freelancing allows individuals to leverage their expertise in areas such as writing, graphic design, web development, and digital marketing. Platforms like Upwork, Fiverr, and Toptal connect freelancers with clients worldwide, offering opportunities tailored to various skill levels.

Earnings can vary significantly based on experience and niche. While beginners may start at lower rates, seasoned professionals in high-demand fields can charge between $50 and $200 per hour. With the flexibility to choose projects and set schedules, freelancing can serve as a primary income source or a lucrative side hustle.

Rideshare Driving: Turning Your Car Into an Income Stream

Driving for Uber or Lyft provides an accessible way to earn money while maintaining a flexible schedule. Drivers can maximize earnings by working during peak demand periods, such as rush hours, weekends, or special events. In urban areas, drivers typically earn between $15 and $30 per hour, with potential boosts from tips and surge pricing.

This side gig is ideal for those looking for a low-barrier entry into gig work. However, factors like vehicle maintenance, insurance costs, and fluctuating demand should be considered when calculating net earnings.

Delivery Services: A Flexible Alternative to Rideshare Driving

For those who prefer minimal passenger interaction, food and grocery delivery offers a great alternative. Platforms such as DoorDash, Uber Eats, and Instacart allow individuals to earn by delivering meals or groceries, with pay varying based on location, order volume, and tipping behavior.

Delivery drivers typically earn $12 to $25 per hour, with higher potential in busy urban areas. Unlike rideshare services, delivery work provides more control over routes, schedules, and customer interactions.

Online Tutoring: Sharing Knowledge for Profit

Online tutoring is a lucrative side hustle for those with expertise in math, science, English, or test preparation. Platforms like VIPKid, Chegg Tutors, and Tutor.com connect educators with students globally, offering flexible hours and structured lesson plans.

Tutors typically earn $15 to $30 per hour, with specialized subjects commanding higher rates. This is an excellent option for teachers, college students, or professionals looking to share their knowledge while earning supplemental income.

Pet Sitting and Dog Walking: Earning While Caring for Animals

Animal lovers can turn their passion into income through services like Rover and Wag!, which connect pet owners with sitters and walkers. Tasks include dog walking, drop-in visits, and overnight pet sitting, making it a highly flexible side gig.

Earnings range from $15 to $30 per visit, with potential for higher pay if specialized care is required. Demand is particularly strong in urban areas and among frequent travelers, making this a consistent income opportunity for those who enjoy working with animals.

Renting Real Estate: Passive Income Through Short-Term Rentals

Homeowners can generate income by renting out properties on Airbnb or Vrbo. Depending on location and amenities, hosts can earn between $1,000 and $3,000 per month. Even renting out a single room can help offset mortgage payments or generate passive income.

While hosting involves initial investments in cleaning, furnishing, and professional photography, the potential returns often justify the upfront costs. High-demand areas and peak seasons can further enhance profitability.

Selling Online Courses: Turning Expertise Into Passive Income

Creating and selling online courses on platforms like Udemy, Teachable, and Skillshare allows individuals to earn money by sharing knowledge. The key to success is choosing a niche, providing high-quality content, and marketing effectively.

Earnings vary based on course popularity, production quality, and promotional efforts. While some instructors make $100 to $500 per month, those with multiple courses and strong branding can generate significant passive income. Many creators supplement their earnings by offering coaching, digital products, or exclusive memberships.

Final Thoughts: Choosing the Right Side Hustle

The right unconventional income stream depends on individual skills, interests, and time availability. While freelancing and tutoring cater to those with specialized expertise, rideshare and delivery services offer flexible earning opportunities with minimal skill requirements. Meanwhile, real estate and course creation provide avenues for passive income, though they may require initial investment and effort.

Regardless of the path chosen, side hustles offer financial flexibility and new income opportunities. With careful planning and persistence, they can become profitable long-term ventures or steppingstones to greater financial independence.