Many people over 50 are exploring side hustles to boost their income, use their skills, or try something new.
According to MarketWatch, over half (54%) of Americans report that they have taken on a side hustle in the past year to help boost their main income, with almost one-third of baby boomers saying they’ve taken on a side hustle.1
So, whether you want to work from home, share your expertise, or turn a hobby into a business, there are plenty of options out there.
Here’s how you can earn extra cash while enjoying what you do!
1. Retail Arbitrage
Retail arbitrage involves buying products at a lower price from retail stores (like clearance items) and reselling them online at a higher price, often through platforms like Amazon or eBay.
Earnings can vary widely based on the products you choose and how well you market them. The amount you can earn varies depending on the time invested and product selection.
According to SellerApp, Amazon’s all-in-one seller tool, a large portion of sellers (62%) earn around $5,000 each month, while about 25% make less than $500 monthly. (ref)
2. Life Coach
Life coaches help clients set and achieve personal or professional goals. This role often involves one-on-one sessions, whether in person or online, and can focus on areas like career, relationships, or wellness.
The estimated total median pay for a Life Coach is $68,174 per year, depending on experience and specialization. (ref) With a steady client base, many coaches earn even more.
3. Freelance Content Writer
Content writers create articles, blog posts, and other written materials for websites and businesses. This can include topics ranging from lifestyle and health to technology and finance.
They may earn $23 per hour. (ref) The earning may depend on workload, number of clients, and more.
4. Personal Chef
Personal chefs prepare meals for clients in their homes or deliver pre-made meals. This service is popular among busy professionals and families who want healthy, home-cooked meals without the hassle of cooking.
Personal chefs typically charge between $33 per hour or more, depending on location and menu complexity. Annual earnings can range from $19,500 to $151,000 or more, especially if catering to multiple clients. (ref)
5. Online Tutor
Tutoring involves providing personalized instruction in a subject area, such as math, science, or language arts. This can be done in person or online, allowing for flexibility in scheduling.
The average salary for an online tutor in the U.S. is $60,171, with typical earnings ranging from $49,137 to $75,307. (ref) Experienced tutors in high-demand subjects may earn more.
6. Interpreter & Translator
Translators convert written text from one language to another. This role requires proficiency in at least two languages and an understanding of cultural nuances to accurately convey meaning.
The earnings depend on specialization, language pair, and workload. In 2022, interpreters and translators earned a median salary of $53,640. The top 25% of earners made $73,430, while the bottom 25% earned $41,440. (ref)
7. Pet Sitter
Pet sitters care for pets while their owners are away, which can include feeding, walking, and providing companionship. This service can be offered for dogs, cats, and other small animals.
The average salary for a pet sitter in the U.S. is $35,100 annually, or $16.88 per hour. Entry-level positions begin at $29,250 per year, while the most experienced pet sitters can earn up to $56,987 annually. (ref)
Rideshare drivers use their own vehicles to transport passengers via platforms like Uber or Lyft. This flexible gig allows drivers to choose their hours and work as much or as little as they want.
A rideshare driver in your area can earn an average of $22 per hour, which is $0.64 (30.142%) higher than the national average hourly wage of $21.12. (ref)
9. Craft Seller
Craft sellers create and sell handmade items, such as jewelry, home decor, or clothing, often through platforms like Etsy or at local markets. This gig allows for creativity and can cater to various interests.
Craft artists can expect to earn between $21,010 and $67,980 annually, with earnings largely influenced by their level of success in the marketplace. (ref)
Those who are already established as successful sellers tend to see higher income. In contrast, hobbyists who sell their creations on the side may find their earnings on the lower end of the spectrum.
10. Travel Agent
Travel agents assist clients in planning and booking trips, including flights, accommodations, and activities. They may work independently or as part of a larger agency.
Travel agents earn $19.33 per hour on average. (ref) Many earn commissions on bookings, which can supplement their income. Experienced agents in niche markets may earn more.
But, be careful with this one. New technology like AI may disrupt this industry.
11. Freelance Photographer
Freelance photographers capture images for various purposes, including portraits, events, or commercial projects. This role allows for flexibility in scheduling and can tap into diverse interests.
Freelance photographers can earn anywhere from between $67,679 to $89,230 per year, depending on their niche, clientele, and marketing. (ref) Many charge on a per hour basis for sessions or per project, with successful photographers scaling their business for higher earnings.
12. Local Tour Guide
Local tour guides lead groups of visitors through their cities or attractions, sharing insights about history, culture, and interesting facts. This role can focus on specific themes, such as food tours, historical sites, or outdoor adventures.
The average salary for a tour guide in the U.S. is $34,231 a year, or $16.46 an hour. Entry-level jobs start at about $29,120 a year, while the most experienced guides can earn up to $63,945 a year. (ref)
Pay can vary based on location, the size of the tour groups, and the guide’s experience. Those in popular tourist destinations or specializing in special tours can earn more.
13. Rental Host
Rental hosts manage properties listed on platforms like Airbnb or Vrbo. This includes preparing the space for guests, handling bookings, and ensuring a pleasant experience for visitors.
US Airbnb hosts earn an average of $44,235 per year, making it the highest average income for hosts. As of 2020, there were over 2.2 million Airbnb hosts in the country. (ref)
The earnings are based on the location and number of properties managed. Successful hosts in high-demand areas can see substantial income, particularly during peak tourist seasons.
14. Notary Signing Agent
Notary signing agents provide notary services for various documents, such as mortgages and legal papers, often working with real estate agents or title companies. They ensure that documents are properly signed and notarized.
In the US alone, the average salary for a Notary Signing Agent is $48,120, with most earnings ranging from $42,002 to $55,225. (ref) Income can fluctuate based on the volume of work and fees charged per signing. The notarial fees are in accordance with state regulations on notarial services.
15. Alteration Tailor
Offering alteration services involves making adjustments to clothing, such as hemming pants, taking in or letting out seams, and repairing garments. This side hustle can be done from home or at a small shop.
Alteration services can generate annual earnings of $46,800 or $22.50 per hour, (ref) depending on demand and the volume of work. Experienced tailors can charge more, thus influencing overall income.
16. Computer Repair Service
Computer repair services involve diagnosing and fixing hardware or software issues for clients, whether in-person or remotely. This can include virus removal, data recovery, and hardware upgrades.
Computer repair technicians can earn $19.21 per hour. (ref) Freelancers may charge a lot more, with earnings influenced by the number of clients and services offered.
17. Wash-and-Fold Laundry Service
A wash-and-fold laundry service provides customers with convenient laundry solutions, including washing, drying, folding, and sometimes delivery. This service appeals to busy individuals and families.
Wash-and-fold laundry services’ earnings vary depending on the number of clients and the pricing structure. Many charge by the pound per laundry. It is expected that revenue from dry cleaning and laundry services in the U.S. will reach about $29.9 billion by 2024. (ref)
18. Printing Service
Starting a printing service involves producing printed materials like business cards, flyers, banners, and custom designs. This can be done from home or a small office, and can also include digital printing options.
Earnings for a printing service can vary based on the volume of orders and the range of services offered. Successful businesses with a strong client base may earn more profits especially during peak seasons.
Revenue for printing service providers is projected to reach $2.8 billion by 2024. (ref)
19. Amazon Delivery Driver
Amazon delivery drivers, often working as independent contractors, deliver packages to customers’ doorsteps. This role offers flexibility in hours and allows drivers to work as much or as little as they want.
An Amazon delivery driver can earn as much as $36,173 a year, or $17.39 an hour. Entry-level positions start at about $33,638 a year, while the most experienced drivers can earn up to $42,900 a year. (ref)
Pay typically depends on the number of deliveries made and the location. Some drivers also receive tips, which can boost their income.
20. Party Planner
Party planners organize events such as birthday parties, weddings, and corporate gatherings. This involves coordinating details like venue selection, catering, decorations, and entertainment.
Since most party planners work on a per hour basis, they can earn $30 per hour or more. (ref) Successful planners with a strong portfolio and client base can earn even more, particularly during busy event seasons.
21. Costumed Character Performer
Acting as a costumed character involves entertaining children and families at events like birthday parties, festivals, and parades. Characters can range from beloved cartoon figures to custom mascots.
Earnings for costumed characters can vary widely, starting at $19 per hour (ref) The earnings also depend on the number of events booked and the demand for specific characters. Some performers may also earn extra from tips.
22. Greeting Card Writer
Greeting card writers create messages for various occasions, such as birthdays, holidays, and thank-you notes. This gig allows for creativity and can be done freelance or through greeting card companies.
Greeting card writers can earn $24 per hour. (ref) The profits from creating and selling greeting cards depend on experience and the volume of cards written.
Successful writers with popular messages may earn more, especially if they create cards for multiple companies.
23. Graphic Designer
Graphic designers create visual content for businesses, including logos, marketing materials, websites, and social media graphics. This role can be freelance or full-time, offering flexibility in workload.
Graphic designers generally earn $52,501 per year or $25.24 per hour. Entry level positions start at $39,987 per year while most experienced workers make up to $78,000 per year. (ref)
Freelancers can set their rates, which leads to variable annual income based on the number of clients and projects.
24. Management Consultant
Management consultants help organizations improve their performance by analyzing problems and developing strategies for growth and efficiency. This role often involves working with businesses to streamline operations, enhance productivity, and increase profitability.
Management consultants earn $63,292 per year on average, translating to about $30 per hour. Established consultants with a strong track record can earn significantly more, especially if they work for top consulting firms.
A report recommends choosing a base salary of $92,000 with a $5,000 signing bonus over a base salary of $90,000 with a $7,500 signing bonus. (ref)
25. Bookkeeper
Bookkeepers manage financial records for businesses, including tracking income and expenses, preparing financial statements, and ensuring compliance with tax regulations. This role can be done remotely and often allows for flexible hours.
Bookkeepers can earn $44,491 annually, with most earnings ranging from $39,827 to $49,598. (ref) Freelancers can charge hourly rates starting at $12 to $35 per hour, (ref) influencing overall income based on the number of clients and hours worked.
26. Self-Employed Music Teacher
Music teachers provide instruction in various instruments or vocal techniques, either in-person or online. They can teach private lessons, work at music schools, or offer classes in schools.
A self-employed music teacher can earn as much as $54,498 annually, which is about $26 per hour, (ref) depending on their experience, location, and the number of students. Those with established reputations and larger student bases may earn more.
27. Bounce House Rentals
Running a bounce house rental business involves purchasing and maintaining inflatable bounce houses for parties and events. This includes setting up, taking down, and ensuring safety during use.
Earnings for bounce house rental services depend on the number of rentals and events booked. Successful businesses in high-demand areas can see substantial income, particularly during party seasons.
The global bounce house market was valued at $4.1 billion in 2022 and is expected to grow at a rate of 4.9% per year, reaching $6.2 billion by 2031. (ref)
28. Professional Friend
A professional friend offers companionship and support to individuals seeking social interaction or emotional support. This role can include activities like going out for coffee, attending events, or simply being there to talk.
According to RentAFriend, part-time professional friends, which allow for flexible schedules, can charge $20 per hour, with an annual income of $23,040. (ref) Total earnings would also depend on the number of clients and hours worked.
You can also earn much more if you opt to be a full-time professional friend.
These side jobs can help you earn extra money, stay active, and connect with others. Remember that the best side hustle is one that fits your interests and lifestyle.
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Nancy Maffia
Nancy received a bachelor’s in biology from Elmira College and a master’s degree in horticulture and communications from the University of Kentucky. Worked in plant taxonomy at the University of Florida and the L. H. Bailey Hortorium at Cornell University, and wrote and edited gardening books at Rodale Press in Emmaus, PA. Her interests are plant identification, gardening, hiking, and reading.
