The 2020 coronavirus pandemic has shown that having a day job is not the only way to achieve financial freedom. In fact, we saw many small businesses struggle to stay afloat, losing revenue from paying customers. In the same vein, many people started what ordinarily would have been taken to be a side job, but which nonetheless became the mainstay of several households. Some couples have even taken it a step further by starting businesses jointly.
There are several benefits to teaming up with your partner to take on a side hustle job. Firstly, it provides a passive income stream. In the world today, it is not advisable to have just one income source. A side hustle gives you access to easy money because it typically does not require much from you. More so, with more money, you get to accomplish more. For instance, if you are a young couple struggling with a student loan debt, a side hustle provides the money to take care of that effectively.
In addition, running a side gig with a partner gives you the room to bond. A lot of folks do not have the spare time to have fun with their partners. A joint side hustle forces you two to spend time together, building intimacy and closeness.
Finally, you could get to achieve more with a partner as opposed to going at it alone. You two will get to encourage yourselves, celebrate wins and generally be there for each other, especially in trying times.
There are more than a few side hustles you can contemplate if you are looking for the best side hustles for couples. We considered several factors, so the ones we dubbed the best may not necessarily give you the most money. However, the suggestions here prioritize the partnership dynamic, ensuring that both partners’ friendship and closeness do not get lost.
Best Side Hustles for Couples
If you are looking for side hustle ideas for couples that can fetch you good money, you are in the right place. Even if you have a full-time job, the side hustle ideas here all consider that. Here is our list of the best side hustles for couples.
Real estate investing is one of the riskiest side hustle ideas couples can contemplate. This is because the start-up costs are often very high. In addition, the partners may have to take it on as a full-time business to be successful at it. Finally, charting your own course in real estate investing is not as straightforward as you would expect.
However, if you have some money to spare, and do not mind backbreaking work, investing in real estate should be right up your alley. You can go into the rental properties business. This is a flourishing aspect of real estate investing. You can rent out some portion of your property to make some extra money. However, this should only be in the instance that you have spare rooms.
Furthermore, another real estate side hustle idea is flipping properties in the market. Basically, here you will be buying properties, renovating them, and then selling them off for some extra money. The drawback, however, is that the market is quite volatile. Therefore, it is not straightforward to buy a property and reselling. Additionally, the gains you seek from investing may take a longer time coming than you anticipated.
An area to explore is opening an online shop like an Etsy Shop. Opening an online shop is a great way to make money online because you could probably sell anything you want. You can also earn money from reselling used items online. Some people are always on the lookout for places to sell some of their used items. Couples can make a side job and extra cash from teaming up and providing a space where people can resell their used items.
Like real estate, stock investing is a side job that requires the level of seriousness of a full-time job. You may also want to have some serious money set aside, especially if you want to play in the big leagues. This is because if you put more money into stocks than the average, then your returns most likely will also be above the average.
Beyond that, stock investing has all of the features of a typical side hustle, including giving you room to work at your own schedule and setting you on the path to financial freedom.
Investing in stock can be complicated. Thus, you may want to use an online platform to invest. Some of the best ones include Acorns, Stash Invest, Robinhood, and M1 Finance. For most of these platforms, you just need to save money on them, and they will set up an investment portfolio with your preferences in mind. Stock investing is really one of the best side hustles for couples.
Virtual Assistance Company
Virtual assistants are becoming incredibly popular these days. This is due in part to the attention the world is paying to remote work these days. Thus, you can ditch your day job and open a VA company with your partner and expect to earn money you could use to offset student loans.
Running a VA company is incredibly easy to start, making it one of the best side hustles for couples. You just need a stable internet connection, your own website, and appropriate licenses, and voila, you can set off to achieve financial freedom. Of course, it will help if one of you has had experience as a virtual assistant before. This would help you ease better into it. However, as mentioned before, trying out running a team of virtual assistants gives you the extra cash to tackle pressing money challenges.
Running a pet services company is one of the side hustle ideas couples can explore to make some money. It is a business idea a couple can comfortably take on. Starting a pet sitting services business is quite easy, especially if you have your own home with a large backyard. Many individuals will be willing to pay good money to have a couple take care of their pets. Thus, you are assured of a constant stream of clients. You do not need to spend a lot on advertisement as you can rely on word-of-mouth referrals from local business owners. You can also conduct polls and online surveys and determine if your clients will like to pay cash or otherwise. Even if you run into challenges with getting clients, you can sign up on apps like Rover and Wag to get things started.
For pet sitting to work, you will need to have the pet owners bring the animals to your home. You and your partner can then look after the different pets at the same time. Apart from regular pet sitting, you can also include dog walking in the list of services you offer. Dog walking around your neighborhood is also a fantastic way to advertise what you do.
Finally, you can throw house sitting into the mix. As a side job, house sitting is a way to make some good money simply by living in and taking care of someone else’s house. Apart from what you will be paid for your troubles, you could also get extra income through the money you will save on your regular utility bills.
Opening a consulting business is also a side job that can assure you of passive income. You can make some extra income by providing personal finance advice to small businesses across different niches. Of course, this means that you need to have the requisite personal finance knowledge to succeed in the side gig. You get to make more money if you are an expert in any specific niche. For instance, an online business may be willing to pay extra money for suggestions on how they can grow, given that more businesses are going online these days.
A consulting business is probably the most lucrative side hustle because you do not spend much starting up. Also, the tools you need are readily available. You just need to apply the knowledge you have to watch your side hustle money grow in leaps.
Freelance writing is one of the best ways to make money online because there are so many possibilities to explore. It is also one of the best side hustles for couples because you just need to set apart a few hours in a day to make some extra cash. In addition, unlike any other online business, you can start with just your writing talent and nothing more.
To begin with freelance writing, you may want to sign up on a freelance writing site. There are several of them available these days, including Upwork, Fiverr, Freelancer, and the likes. As a beginner, you may want to start with small jobs that could take just a few hours. Eventually, you will get to the point where you can charge big bucks for even small tasks. Freelancers make so much money in the side hustle market. How much money you make as a freelancer depends on your level of proficiency.
As a couple-owned account, you can split up your responsibilities. One of you could be the writer, while the other manages the business. As a freelance writer, you need to have a firm grasp of writing in its totality. One way to do so is to take an online course. Of course, it isn’t every online course that will prove helpful in your writing journey. In fact, you may be better served if you spoke to someone who has been in the business for a while. Freelance writers are often willing to share their experiences with newbies.
Blog Side Hustle
If you and your partner cannot create the spare time or simply do not fancy freelance writing, you can start a blog. It is one of the best side hustle ideas for couples looking to make passive income from writing.
Like freelance writing, you just need a good grasp of writing and great computer skills to start this side hustle. Your blog doesn’t have to be about anything specifically, you can even begin a personal finance blog. You can make some cool extra cash in just a few months.
Getting started with a blog is super easy. You could even get some sign-up bonuses when you use some platforms for your blog.
Apart from starting a blog, you and your partner can also team up and open a YouTube channel. It is a terrific side hustle because there is literally nothing you cannot discuss on the platform. When you do it long enough, you could even get bonuses while you are at it.
Final Thoughts: Side Hustles for Couples to Make Extra Money
No doubt, running a side hustle with a partner has many benefits, including providing you with extra money to take care of bills like student loans. However, you must be mindful of the fact that it will not be easy. You will need to set clear boundaries, making sure that your relationship does not get in the way of the side gig. Finally, learn to be patient and committed, even when the expected money does not show up.