Odd Jobs For Passive Income


Manage episode 242201574 series 1919132
By Rob Broadhead. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

We have touched on a large number of potential passive income opportunities. However, there is an incredible number of lesser-known odd jobs as well. These can include collectibles and ride-sharing, but that is not the focus of this episode. We will spread out into further reaches, including transportation services and jobs that are roughly doing someone a favor (for a fee).

Odd Jobs Are Everywhere (But Hard To Find)

The most significant challenge with these jobs is finding them. The best odd jobs typically are found via word-of-mouth or niche web sites. These often require a level of trust between the employer and employee. They also range from things like hand delivering items to house sitting or similar services. The opportunities are limitless. Thus, it helps if you start with an idea or two and then keep an eye out for those types of needs. The good news is that once you have done one of these, it can often lead to others. That word-of-mouth can be a powerful marketing tool.

Back To Basics

It will come as no surprise that the best areas for us to look for this kind of work are in our hobbies. Even better, we can find some gems among our habits. Think about the things you do the most, enjoy the most, or have the most experience with. These are a good start for potential odd jobs. We all know that the tasks some people hate are fun or straightforward for others. This situation opens up the opportunity for you to take on someone else's pain without much effort on your own. We can even find economies of scale.

A classic example is the mother of a few children that runs a daycare. She is going to take care of her children anyway. Thus, adding a few more children to the mix is not a cost in time. There might even be a benefit to her children in this situation. There are more playmates, better social opportunities, and maybe even better educational discussions. The more, the merrier is not just a phrase; it can be a path to some substantial passive income.

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