High-paying Side Gigs in 2020

A side gig is more than just a way to earn extra cash. It can also boost creativity, improve time management skills, and give you a competitive advantage in your career. Below, we list down some of the most in-demand part-time jobs you should try this year.

Ridesharing services

Being a rideshare driver is the perfect way to earn great money on any schedule. Uber and Lyft are some of the most popular ridesharing companies to date. Just sign up online, set your own hours, and start picking up clients. As long as you have a reliable four-door vehicle, a driver’s license, and insurance, you’re all set.

Freelance work

The great thing about freelancing is you get to choose your clients and control your workload. You also get to work whenever and wherever you want. As a freelancer, you are your own boss and you get to keep 100% of the profit.

Here are some of the most in-demand freelancing jobs:

  • Content Writers and Editors
  • Graphic Designers
  • Social Media Managers
  • Virtual Assistants
  • Web developers
  • Transcribers and Transcriptionists

To be a successful freelancer, you need a functional laptop or desktop unit, a high-speed internet connection, and a comprehensive portfolio that showcases your best work. Online job marketplaces like Upwork and Fiverr have hundreds of freelance listings you can explore anytime.

Life insurance agent

One of the best things about being a life insurance agent is that there are no educational requirements beyond a high school diploma. Some states will require you to take a licensing course and exam but both are fairly manageable.

Most insurance marketing companies are always on the lookout for new agents so it’s not that hard to secure a job in this field. As long as you have the necessary PR skills, selling insurance can actually bring in a lot of dough.

According to Investopedia, “the average first-year commission for an auto insurance policy is 10% to 15% of the premium. For health insurance, it is up to 7%. Life insurance often pays 100% or more of the premium.” The more clients you bring in, the higher your take-home pay would be.

Video game streaming

video game console

Yes, you can earn money from playing video games. One way to capitalize on your gaming skills is through Twitch, the leading video game streaming platform that boasts 100 million monthly views. Once you click on a video, you will see the actual game play and a webcam video of the gamer. Usually the gamer adds fun audio commentary to attract more audience and subscribers. Twitch pays about $2.50 per month for every subscriber you gain.

Once you have at least 500 followers, you can apply to be a Twitch partner and earn ad revenue. Every month, a Twitch partner channel typically brings in about $250 per 100 subscribers.

There are endless ways to make money on the side. You just have to choose the job that best suits your schedule and skill set. By giving any of these side gigs a try, you improve your cashflow, sharpen your skills, and gain relevant work experience.

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