Side hustles are a great option for everyone looking to make some extra money, including veterans.
Best of all, there are hundreds of different options depending on your skills and talents.
In this post, I’m going to explore several side hustles perfect for veterans looking to make some extra cash. Let’s get started.
Make Money Flipping Domains
For those veterans on the tech-savvy side, domain flipping can be an excellent way to boost your income during your downtime.
If you don’t already know what domain flipping is, it’s quite easy to understand.
In short, you can purchase domain names to websites online and sell them for a profit. These can be purchased through various domain registrars like GoDaddy, Namecheap, among others. It’s common to pay anywhere from $8 to $15 per year to register the domain.
The key here is that you’ll need to find domain names that you think can be extremely valuable for a company to purchase. Shorter domains tend to have a higher selling price so they can be a great option to flip.
Not every domain flip will be a home-run. You’ll likely get stuck with a few domains that you cannot sell. For these, it’s a good idea to cut your losses and give them up.
Flipping Furniture for a Profit
For those who are less tech-savvy and are better with their hands, flipping furniture could be a perfect side hustle for you.
Similar to domain flipping, the process is easy to understand. You’ll need to find distressed pieces of furniture, repair them, and sell them for a profit.
You can find pieces of furniture to flip at yard sales, thrift stores, or on social media websites then sell them via the same avenues.
You can find inspiration on sites like Pinterest to help you decide which pieces you want to flip and what they will look like.
Become a Freelancer
Freelancing can be one of the quicker and more efficient ways to make money from a side hustle.
The downside of freelancing is that you’ll be forced to exchange your time directly for money, but the income you can generate can be substantial.
You’ll need to gain experience as a writer before pitching your services to editors and website owners. This can be done by writing sample pieces or publishing your work for free on other outlets.
Working as a freelancer can be a great way for veterans to grow their income while
Start a Blog
Making money blogging can be an excellent choice to grow your passive income streams as a veteran. There’s a good chance you have some great stories to tell from your military experience, making it easier to grow your audience.
It can take some time to grow your blog and make money from it, but it can become extremely lucrative once your following grows.
To start a blog, you’ll need to purchase a domain name and hosting to build your website. Then you can choose to build the website yourself or purchase a 3rd party theme to get started quickly. Finally, you can start publishing content and marketing your blog to gain traffic and expand your readership.
If you’re looking for a job where you work alone, blogging can be an excellent choice!
How Much Can You Make Blogging?
As previously mentioned, blogging can be extremely lucrative. Depending on the size of your website and traffic, you can make over $2,000 a month or more. Some blogs can make over 6 figures per month!
Rent Out a Portion of Your Home
Depending on your situation at home, you might be capable of renting out a portion of your home to make money.
You can choose to rent out a single room, or a larger portion of your home. The amount of money you can make varies depending on the size of the space you rent, the location of the home, and various other factors but it’s common to make at least a few hundred dollars per month renting out a room of your home.
You can find tenants online through local classifieds like Craigslist. You’ll want to vet these tenants to ensure they can pay rent and keep your space in good condition.
David is currently renting a bedroom on Airbnb!
In the world of COVID-19, delivery services have boomed, and for many, they’re here to stay.
This provides gig economy workers a unique opportunity to make money on the side as they desire.
Working as a delivery or ride share driver allows you to choose the hours and days you work, which is perfect for those working a full-time job or who have busy schedules. Depending on where you live, the service you provide, and the operator you work with, it can be possible to earn upwards of $20 per hour after tips.
To maximize your earnings, many drivers will opt to work with several platforms to obtain more work and drive more efficiently.
Rent or Advertise Your Car
If you own a vehicle, there are multiple ways you can use it to make money.
The first option, renting out your car can help you make more money, but you’ll need to be okay being without your vehicle. Depending on the type of car and the city you live in, you might be capable of making over $50 per day renting out your car. A quick search can help you find companies that match renters and vehicle owners.
If you want access to your vehicle, you might consider advertising on it to make money. Companies will pay you to drive your car displaying their advertisement. Rates very depending on the number of miles you drive and the city you live in. It’s possible to earn over $100 per month advertising on your car.
Final Thoughts on Unique Side Hustles Perfect for Veterans
Picking up a side hustle as a veteran can be a great option for those looking to pay off debt, save for retirement, or boost their savings.
There are many options available to help you make money in your free time. From flipping domain names to working as a delivery driver, there’s sure to be a side hustle for anyone, including veterans.
Do you have a unique side hustle? I’d love to hear how you make money in the comments below!
Checkout this comprehensive list of sidehustles if you want to see even more ideas!