Best side hustle jobs to make extra cash on top of your salary revealed

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Best side hustle jobs to make extra cash on top of your salary revealed



BUSINESS savvy workers can boost their income by thousands of pounds a year by taking on a “side hustle”.
One in five Brits have taken on a project outside of work hours that is helping them earn extra cash to top up their salary, according to new research by notonthehighstreet.
Andrew Styczynski – The Sun You can make more than £41,000 a year by renting out your spare room
And while the study found that some of the most popular passion projects include making art and prints, jewellery and personalised goods, we’ve had a look around to find the ones where you can earn the most.
If you took on all of these side hustles in our round up, you could boost your income by more than £46,000 a year, from renting out your spare room to flogging your old CDs online.Rent out rooms in your home – £41,600 a year
The Rent a Room scheme lets you earn up to £7,500 a year tax-free by renting out a room in your house.
This means  listing your spare room on sites like Airbnb and Wimbdu could see you raking in the cash on top of your salary.
How to start your own businessBEFORE you start setting up your own business, there are a few things you need to think about. Here are some of the things you need to take into account before taking the plunge, according to the Money Advice Service: Draw up a budget: Think about how much you’ll need to spend on getting the company started. These can include things like equipment and materials, rent and bills such as electricity and internet, buying or hiring a vehicle and maintenanace costs, advertising, staff and hosting a website.
You should also take into account of your household bills and work out how much you can afford to invest whilst still being able to make payments on time.
Write up a business plan: This will help you set your goals, short term and medium term, as well as something to help present your business to banks or potential investors.
Remember, it’s important to be realistic in terms of how much it’s going to cost you and how much profit you’re likely to make.
Personal and business insurance: You’ll need to make sure that you business is insured incase anything goes wrong. You’ll need to take out business cover such as public liability and equipment insurance.
Paying taxes: You’ll need to register for Self Assessment to pay your own taxes. You’ll need to pay tax and National Insurance on your self-employed earnings in arrears so the tax you owe from 2018/19 won’t be due until January 2020.
Registering for VAT: If you’re VAT registered, you will need to charge VAT on the goods and services you supply. There’s a lot of paperwork involved but you can claim back VAT you pay for goods or services relating to your business.
Record Keeping: You’ll need to keep hold of al of your income, outgoings and receipts for the year so it’s important to come up with a plan of how you’re going to keep records of the records, such as receipts, bank statements, invoices and till rolls.

But remember, if you’re a basic tax payer and you earn more than the tax-free threshold then you’ll have to pay 20 per cent of your earnings to the taxman.
For example, if you earned £10,000 a year, you’ll need to pay tax on £2,500 which comes to £500.
We spoke to  Jessica Pryce-Jones, 56, from London, who earns £41,600 a year by charging guests £80 a night to stay in her spare room.
Flog old CDs and games online – £2,000 a year
Nowadays, CDs, DVDs and gaming discs are nothing more than wasted shelf space now that streaming has taken over.
Getty – Contributor You can earn thousands by flogging your old CDs, DVDs and games console discs
But you can make a tidy profit by flogging old CDs either online or back to sites like MusicMagpie which will pay you anything from 5p to £2.50 to recycle your old discs.
Warehouse worker Joe Kadomrezz, 30, turned recycling old discs into a side-business, spending around 10 hours a week buying secondhand stop from boot sales and sending them into the website. Over two years, he made £3,858.16.
Rent out your car – £1,500 a year
Shockingly, nearly one million cars are only driven once a month – now several apps have been launched to help motorists earn extra cash by renting their vehicle when they’re not using it.
Car sharing apps like hiycar, Drivy, Car & Away and easyCar will let you earn up to £300 a day – and you don’t even have to be around to hand over the keys.
Cheap ways to hire a car for the dayHIRING a car from a local can be a much cheaper alternative than hiring one from a specialist provider – but it can also be a money-earner on the side. Here are your options:
Drivy
Earn: Between £45 and £50 a day
Cost: 30 per cent commission
What to watch out for: You’ll need to install a Drivy “Open Rental” system on to your car where you’ll keep a spare key. Renters can unlock the box to get the key using an app so you don’t need to be there to hand it over. Make sure that your insurance covers you when the spare key is in the car.
Car & Away 
Earn: Between £16 and £50 a day
Cost: 40 per cent commission plus Gatwick Airport parking fee
What to watch out for: This service is only for holidaymakers flying from Gatwick Airport. You’ll still need to pay a small fee to park your car while you’re away but it typically costs £40 less than parking it in longstay.
hiyacar
Earn: Between £16 to £100+ a day
Cost: 30 per cent commission
What to watch out for: Cars must be under eight-years-old and have a maximum of eight seats.
easyCar
Earn: Between £30 and £100 a day
Cost: 10 per cent commission
What to watch out for: Rents vary depending on the location that you’re renting the car from.

Drivy and hiyacar require you to fit an “Open Rental” system on to your car where you’ll keep a spare key.
While this is free, it could invalidate your insurance so make sure you check the fine print.
We spoke to one car owner from London who makes £1,500 a year by charging £10 an hour or £30 a day for strangers to drive his car when he doesn’t need it.
Hire out your driveway – up to £1,090 a year
Homeowners could make an average of £1,090 a year renting out their driveways, according to Direct Line.
There are a whole host of websites that will help you advertise your empty driveway to motorists – but beware because they take a cut which will eat into your savings.
It’s free to list on Kerb but it charges 20 per cent of any booking fee, while JustPark takes a three per cent for every booking.
Direct Line reveals the cities where you can make the most money renting your parking space each year
Another website, YourParkingSpace, adds a 20 per cent service charge to the renter and takes its fee from that.
One mum-of-two from Tunbridge Wells revealed how she saved an extra £500 to spend at Christmas after renting out her driveway.
Delivery driver – up to £21 an hour
If you’re looking for any excuse to cancel your gym membership then why not grab your bike and become a delivery driver for Deliveroo or JustEat?
That way, you can kill two birds with one stone – get fit and earn up to £21 an hour delivering takeaways.
Just Eat pays £120 a day for a full-time delivery driver, while Deliveroo pays on average £10 an hour unless you’re on a fee per delivery model where you can earn £12 an hour.
Getty – Contributor You can earn up to £21 an hour by being a Deliveroo delivery rider
But at busier times, riders can earn up to £21 an hour working Friday nights, Saturday nights and Sundays.
Of course, you’ll need to provide your own bike – you can buy one from Halfords for around £200 or buy a secondhand one from sites like Freecycle or Gumtree for a fraction of the price.
Deliveroo insures riders for free, while Just Eat requires all riders and drivers to provide their own which costs around £3.75 a month or £45 a year.
You’ll also need to fork out to maintain the vehicle yourself as the company won’t cover for things like a burst tyre.Tutoring – up to £35 an hour
You can earn up to £35 an hour by tutoring in your evenings.
Giving up an your evenings to teach can also be a money earner, with some tutors charging up to £35 an hour to impart their knowledge outside of school hours, according to Save the Student.
Getty – Contributor Some tutors charge up to £35 an hour for one-to-one teaching
Exactly how much you earn will depend on where you’re based and what subject your teaching – which can vary from anything like languages to guitar lessons.
In the UK, you don’t need any specific qualifications to carry out one-to-on tutoring although it will help if you really know about the subject.Beer brewing – £3.31 a pint
You can brew your own beer for around 31p a pint – and with the average price of a drink now £3.69 then you’re looking at making a tidy profit.
A Home Brewing Starter Kit will set you back £30 from Amazon which comes with a five litre keg – almost nine pints – which can be reused.
It takes seven days for the beer to brew and then after the week, it’s good enough to sell.
The kit comes with ingredients, including dried hops, sugar, malt extract and ale yeast, but they can easily be replaced with a refill kit which cost around £12 for enough for 40 pints.
By the time you come to make 49 pints, each pint will cost just 31p each.
But booze that’s brewed more than 1.2 per cent ABV is subject to Beer Duty, and makers must get a certificate to brew from HMRC.
Candle making – Hundreds of pounds a year
Homemade candle making is one of the most popular ways to make some extra cash, according to the study by notonthehighstreet.
You can make some extra cash by dedicating hours in your evening to making the burners and then flogging them online or at trade shows.
Woman launches her own candle business with £200 after being made redundant from City job – it now makes £50K a year
You’ll need to buy ingredients, the cost of which varies depending on the quality – candle making kits from specialists Candle Shack will set you back £48 while one from Hobycraft costs a tenner.
Ashley Cooke, 28, and Kristian Matthews, 24, launched their Cozy Glow business after spending £200 on their first batch made to sell.
Two years later, they quit their jobs and opened their first shop in Croydon.
Book writing – Potentially thousands of pounds a year
Thanks to Amazon, you can now self-publish your own books, without the need of going through a traditional publishing house.
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You can upload your manuscript to Amazon Kindle Direct Publishing page – Amazon KDP – set your own prices a earn up to 70 per cent of the royalties per download.
So if you sell a copy for 99p, you’ll pocket 69p for every sale.
Of course, you’ll also need readers to find your book among the 4.8million that are available on Amazon so you may need to invest some cash into the marketing.
How much money you can make depends on how popular your book is. Fifty Shades author EL James started off by self-publishing and now she’s worth £113million.

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