I wrote this article to elaborate on side hustles that you can consider in 2024 to earn some extra cash while staying in Canada.
What to Take into Account Before Beginning a Side Hustle?
A side hustle, job, or gig starts with your preference. So, as you begin to consider that, you must ask yourself:
- Are there any skills I want to learn?
- What can I already do?
- Do I have time for a side hustle?
What Steps Can You Take to Start Hustling?
Here’s how you can make a well-researched and well-thought choice for your side hustle:
- Jot down your interests. For a successful hustle, you must know your skills and interests to make money with ease.
- Research the industries you’re interested in because having market knowledge can save you from unforeseen downfalls.
- Make a schedule. See if you have time to manage another thing in your day, realistically. Is it clashing with your current job? Does it leave you time for yourself and other commitments?
Once you’ve made a plan, it will be easier for you to find what you love to do and make money out of it. Now, let us look at the top 15 highest-paying side hustles you can start doing.
Top 15 Side Hustles in Canada 2024
The following 15 income streams are proven to be safe and high paying in Canada:
1# Short-Term Rentals [Airbnb]
A majority of people begin their short-term renting experience as a side gig. An Airbnb’s earning possibility is around $1000 per month. Airbnb provides several hosting options, such as renting out an extra room in your home or a full house or offering local experiences.
Renting out on Airbnb is a fantastic idea because it enables you to monetize an existing asset or purchase a property. If done correctly, you can generate cash requiring little to no effort on your part. A $1000 is not a fixed amount because you can earn more depending on your location, property, or the amenities you provide. Canada’s Airbnb hosts are earning around $7.1 billion, so in the long run, you can expect your hustle to flourish.
2# Web Designer
Web designers and developers have a high demand in Canada and can bring an income of up to $9000 a month. On average, a web designer can make $60,000 a year. In this day and age, a business should have a web presence, and as a web designer, you can make websites intended for a lot of purposes. You can start by uploading your previous work on Fiverr or Upwork.
If you’re someone looking to learn something new, then web designing and web development are your way to go. However, in case you’re already an expert in the field, you can become a consultant for businesses or a teacher for those who want to learn.
If you’re a quick typist searching for a side hustle, consider transcription, a work-from-home job that pays between $2000 and $3000 per month. Transcription is the process of writing down what you hear on audio or video recordings. Calls, business meetings, court hearings, and medical, movie, or academic notes can all be documented. It is customary to be paid by the word or audio minute.
4# Affiliate Marketing
Affiliate marketing is a method for marketers to advertise other businesses’ goods and services on their social media or websites. When the commodities are sold, businesses reward affiliates with a commission. You might anticipate a monthly income of $1500 to $3500. Affiliate marketing is among the top profitable home-based providers in Canada when it is done effectively, and it requires minimal risk or money. Affiliate marketing is a sort of digital marketing in today’s world of content creators. It enables content providers to generate money by advertising goods or services through an affiliate network.
Depending on your skills and expertise, you can become an in-person or online coach. People are looking for coaches who can help them with health and wellness, fitness, spirituality, business and finance, legal, or for more personal reasons even, such as relationship and family coaching. With your coaching skills, you can expect an income of $2000 to $3000 per month.
Utilizing your expertise to secure freelance work can be a terrific method for increasing your income or pursuing it as a full-time career. Freelancers use their specialist professional abilities to work on their ventures, partner with businesses, or perform contract work for short periods. As a freelancer, you have more discretion over the type and quantity of work you accomplish. The quantity of work you complete will multiply your earnings, yet, a freelancer can earn $1800 each month on average.
If you’re someone who likes organization, then bookkeeping is something you can take as an activity and make into a profitable side gig. In case you have no idea, bookkeeping is the procedure of documenting a business’s financial transactions into methodical reports on a day-to-day base. Every organization requires the services of a bookkeeper at some point. Be it a small, medium, or big business. That implies there is always someone looking for bookkeeping services. In Canada, the average monthly compensation for a bookkeeper is $3,451.
If you already have experience, there are no significant obstacles to the entrance. Besides technical capabilities, all you need is a laptop, an internet service, and a workspace.
8# Tour Guide
If you know your area inside and out and enjoy interacting with new people, becoming a local tour guide is a terrific opportunity to convert your interest into an income. In Canada, the average monthly salary for a tour guide is $2,000. Local tour guides take visitors around and have them explore the local sites, attractions, businesses, cuisine, and activities in the same way that someone who has resided there their entire life would.
9# Graphic Designer
Graphic designers are in a growing market, particularly with the increased use of social networks and the fight to keep abreast in the online realm. Top firms in Canada provide excellent graphic designer salaries, as well as a host of benefits and rewards. If graphic design is of interest to you, you can learn it through several online courses. As a graphic designer, you can expect a monthly salary of $4,000 on average. An appealing portfolio is the best weapon a graphic designer has while hunting for work, so you should start by developing one.
10# Social Media Manager
Being a social media manager is a versatile job. Any business with an online presence will need your management skills. Social media managers can work in a variety of industries, professions, and companies. You may begin developing your career, which will benefit you in the longer term, once you have a fundamental knowledge of how to operate as a social media manager. As a social media manager, you can expect to make $3,700 a month.
11# House Cleaning
Executive housekeepers oversee the laundry and housekeeping divisions of residences, hotels, motels, and establishments like hospitals and universities. Maintaining a house is a labor that is always needed, especially in private homes, therefore, there is no shortage of demand. A housekeeper typically earns $3,514 per month.
12# Rent a Car
Over 1.2 million Canadians have registered with Turo to use its app and website to hire more than 55,000 vehicles. Customers can rent a car from a private owner, frequently at a lower cost than from a regular rental agency, or they can borrow a premium car for a special event.
The Turo platform allows car owners who wish to become hosts to rent out their vehicles to make money with a car that could otherwise be left unused in their garage. There’s no need to worry if you don’t own a car because this platform brings people who need a car with car owners who own one but don’t use it frequently. It is a fantastic and simple way to make money. You should expect $1000 per month in earnings from this platform.
13# Ride Sharing
When a passenger rides in a private vehicle, usually for a price, and is organized through the use of a website or an app, the situation is called ride-sharing. An example of this can be Uber. One of the biggest components of Canada’s developing collaborative consumption is ride-sharing. Getting into ride-sharing sounds like the ideal side business for someone with a car and a passion for driving. You might anticipate $1500 to $2000 per month on average.
Do you have a keen eye for text mistakes? Is your mastery of the English language exceptional? You would be a prime fit for proofreading if this were the case. You can combine your full-time career and a flexible, low-stress second gig like proofreading. The most common side job in Canada is proofreading and editing, where you may make an average of $4,000 per month.
Flipping is the practice of buying an asset and selling it again after a brief period of possessing it. You can buy furniture to start on the bottom, remodel it in your style, then sell it again for a profit. It is the ideal option for you to generate money from your passion if you are into interior design and decorating. A flipper can make $9000 each month on average.
Although flipping furniture is a beginner’s scale, when you get the hang of it, you may start flipping greater-size assets like properties and also renting them!