To make ends meet, many individuals are turning to side projects and gig economy employment to supplement their incomes. The internet has made it easier than ever before for those who meet the right requirements to get their hands on a wide range of money making opportunities.
According to a Gallup poll, more than a third of American employees participate in the gig economy. This implies that there is a wide range of employment available, from part-time to full-time, that can be done anywhere, at any time.
An Overview of the Global Gig Economy
In 2021, the global gig economy was worth $347 billion; it’s forecast to be $455 billion in 2023, with a CAGR of 17.4%. Additionally, approximately 44% of those surveyed in the U.S. said freelance work was their major source of income.
The number of self-employed people, especially in developed countries, is gradually rising. By 2027, the number of Americans working as freelancers is expected to climb to 86 million, while the number of people employed in the gig economy in the United Kingdom has more than doubled since 2016.
Highest Paying Gig Jobs Based on Average Hourly Salary
A study conducted by Payoneer noted that freelancers earn an average of $21 per hour. However, the amount varies based on the type of job and its demand. To narrow down the top-paying gigs, we’ve referred to Statista, which provides information about the top-paying gig jobs and their average hourly salary.
Massage therapists received $27.84 per hour, the highest average wage rate among gig-based employment in the United States. There are many options available to you as a massage therapist; you could work at a resort, with a spa, or operate your own business. Do keep in mind that many states require licensure for this job. New York is one of those states.
Another high-paying gig is driving, which pays approximately $14.36 per hour. It’s possible to establish your own driving company if you have a car and strong driving abilities. Jobs through ride-sharing apps are another option. National ride-sharing services like Uber and Lyft or regional platforms like Drivers Co-op or Juno can provide opportunities to make money. Many ride-sharing firms will cover the cost of gas, with potential profits will typically relying on your availability.
You’d be shocked how much individuals will pay to employ tutors to help them understand complicated subjects. Based on Statista’s study, the average pay per hour of a tutor is about $20.81. If you are interested, you might seek teaching positions where you can transmit information or help people improve their skills. Create a profile on freelancing sites, collaborate with local schools, and advertise on social media to get work.
This is one of the easiest kinds of employment, and you could start right away, even if you don’t have any special talents or expertise. Working with sellers to transfer things or boxes from one place to another is what delivery jobs entail.
You could become a delivery driver for a grocery business or transport meals to hungry people. You might also help people move household goods from one location to another. To qualify for these responsibilities, you need to have decent driving abilities (and a current license). If you own a vehicle, you could find yourself in great demand. Delivery jobs may be quite profitable for people who live in heavily populated regions. You may also earn tips while working.
The average income per hour for these jobs is $20. Some companies might offer more. For example, Dolly, which specializes in same-day transport of large, heavy, and bulky items pays a minimum of $25 an hour. This is an above-average rate for gig work.
Deep Grewal is VP of Operations at Dolly.