The Sharing Economy: Looking for a Side Hustle

Are you looking for a secondary income stream? People working outside of their regular careers at a side-job have been doing this for forever. But in the last couple of decades, the terminology has changed as well as the numbers of people working on their own. Maybe you are already one of the one-in-three Americans working as a freelancer.
The gig economy is what is providing some people with their full-time incomes and for others with a way to supplement their regular take-home pay. Here is an interesting study from The Hustle about the entrepreneurial pursuits of people working a second job. 

What are some of the gigs that people are pursuing?

Here are just a few of the hundreds of jobs that people are working at as a side hustle:

How do you find a side hustle?

You are looking for an exchange of goods or services usually without a middle person. Some of the best ways to locate a business or employment opportunity are through traditional avenues and networking. Almost all contacts rely on technology. Here are a few ways to find your next side hustle:
Word of mouth
Community-based social-networking websites such as Nextdoor
Niche websites specific to your line of work. For example, for pet sitting and dog walking
Apps or websites specific to the type of shared economy: TaskRabbitTuro, Uber, Lyft, VRBO, Airbnb
Fee-paid services which link freelancers with jobs, such as Upwork, which charges a fee based on the dollar amount of earnings. 
For more in-depth information and additional platforms to explore, visit SideHusl.

In future articles we will discuss how participating in a shared economy network can impact your risk as both a provider and a user of goods or services. We do not make any recommendations as to the advisability or tax ramifications of pursuing any of the aforementioned opportunities.

Additional Resources:
Photo by bruce mars from Pexels

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