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29 Ways To Make Ends Meet While Unemployed

Trista September 4, 2020

Ebates is now Rakuten. Even though the name changed, you can still earn cashback. Shutterstock

11. Look for Cashback Options While Unemployed

This option isn’t so much a part-time gig as it is more conscious of the opportunities to save money that are all around you. To get cashback you have to buy something first. Meaning that if you are unemployed, you don’t want to invest in cashback options by buying things you don’t need and hoping to get some money off at the end.

Wikibuy and Rakuten (which used to be Ebates) are two platforms that can help you find the cheapest deals around so that you can save as much money as possible. A dollar saved is a dollar that you don’t have to earn. TopCashBack works with affiliates to deliver cashback options on purchases that you make online. So while you shouldn’t go out and buy a new coffee pot if you already have one, there are options to get you the best discount around.

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Do you love making crafts? Use this passion to earn some extra cash with sites like Etsy. Shutterstock

10. Sell Crafts Online While Unemployed

If you’re a crafty person who enjoys sewing, making jewelry, crocheting, or any number of skills that can be used to make things that people use, then you can turn your talent into a way of making money. While sewing shops on Main Street are pretty much a thing of the past, platforms like Etsy allow people to sell their hand-made goods to those who are looking for something more meaningful than mass-produced purchases from Amazon and Wal-Mart.

There are other platforms where you could sell your crafts, including eBay. If you have a real niche skill, that could be worth something, try to find a niche platform to go with it to sell your products to interested people. Building up an online store can be much work. But successful Etsy and similar stores have turned into meaningful incomes. If you have the time and are unemployed, this could be a solid option.

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You just need a headset, internet connection, and a quiet space to work. Shutterstock

9. Work Virtually for a Call Center

If you have a friendly voice and enjoy talking with other people, consider some remote work for a call center. The kind of work varies from working as an answering service for a local office (such as a doctor’s office) to making sales calls for a company (basically an updated version of telemarketing). Other responsibilities might include responding to customer calls and trying to fix their problems (not their emotional problems, their product-based issues).

Pay varies for this kind of work. If you’re working as a sales representative, you may only get paid on commission. If you are working as an after-hours on-call service for a local doctor’s office, you will probably work weekly. You will need a computer with individual specs, a fast internet connection, and reliable phone service.

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Transcription has been around for a long time, and you can make decent money doing it. Shutterstock

8. Become a Transcriptionist

If you have an incredible eye for detail, can pay attention to what you are hearing, and type very quickly, you may want to consider some freelance work as a transcriptionist. Transcription work can pay from close to the minimum wage to upwards of $40 an hour for more specialized fields.

Medical transcription is a high-level form of transcription in which workers transcribe conversations held in a healthcare setting. This option is a very specialized field of transcription and requires certification, usually a one-year program. But again, it can be lucrative for someone who already has the skill of typing quickly and paying close attention to detail.

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Learn more about peer-to-peer lending. Shutterstock

7. Earn Interest with Peer-to-Peer Lending

Getting a bank to lend money can be challenging, but peer-to-peer lending schemes allow people to get financing that they need when going through the traditional route doesn’t seem like a good option. Peer-to-peer lending is a new function of the sharing economy that allows people to use their excess capital in a lending program and then earn interest on it.

Interest rates on peer-to-peer lending platforms usually range from about 4% to 10%, making it seem like a good investment. Keep in mind that these programs are not FDIC-insured, like banks, so there is not much to protect you in case you lose your principal. In other words, don’t invest money you aren’t prepared to lose. This is a risky option for unemployed people, yet an option nonetheless.

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Are you well-versed with starting a website? You can make some money! Shutterstock

6. Flip Some Websites

If you’re tech-savvy and have experience building websites, you might turn a few dollars by flipping websites, not altogether unlike how some people flip homes. Basically, you develop a website, either from scratch or by buying a pre-existing domain, add content like videos and articles, make it profitable through advertising, and then sell it for a profit.

You can buy a domain to build a website through GoDaddy or other domain-selling websites. There are also plenty of platforms that allow people to buy and sell websites that they have monetized. Buy, build, sell, repeat. If you are successful at building and monetizing sites, the process can become quite lucrative.

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If you have the room, store stuff for others and charge a small fee. Shutterstock

5. Get Paid to Store Other People’s Stuff

Neighbor is a platform that connects people who need a place to store their stuff with people who have a place to store their stuff. So imagine that you live in a suburb of New York City and you have a garage or storage shed you never use. Someone in New York City has a small boat that needs to be stored because there is absolutely no way to get held in Manhattan.

You could potentially earn thousands of dollars a year storing other people’s items on your property. Ensure that you are aware of the legal aspects because you don’t want to get caught with someone else’s contraband. You also want to make sure that you are up-to-date on all of your insurances so that a fire at your house doesn’t make you liable for someone else’s boat or RV.

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Be careful if you want to make money by renting a room. Shutterstock

4. Rent Out Your Spare Room

This option you may want to hold off on for the time being, with the current pandemic raging, especially if you live in an area that has been a hotspot for new cases. But renting out your spare room can be a very lucrative way of helping pay your rent every month or even paying off your mortgage.

Airbnb is not the only option for renting out your spare room, though it is the most popular. Many other websites allow for room-sharing, so check and see what may be available in your area. You can also rent it out to one person on a long-term basis. Just make sure that you know all of the legal ramifications because you don’t want your in-home tenant to become a squatter.

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Did you ever think your driveway could earn your money? Shutterstock

3. Use Your Driveway as a Parking Spot

If you live in an urban area where parking is at a premium, you might turn your driveway or curbside parking spot into a profit. SPOT and Neighbor are two platforms that can help people who live in densely populated cities like Chicago, New York, Boston, and Washington DC, find parking spots by renting them out from people.

Parking spaces are a valuable piece of real estate in a big city, so if you have one that you don’t need all the time, consider turning it into cash. Maybe you don’t use your parking spot at home during the day, so you could let someone else use it for a fee. Or perhaps you are going away for a while and want to earn some passive income while you are gone.

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If you have a new car or even an older one, you can use your vehicle to make some extra money while underemployed. Shutterstock

2. Rent Out Your Car

Turo and GetAround are two platforms that connect people who have a car that they aren’t currently using with people who need a vehicle on a short-term basis. It’s an Airbnb for cars, where the going rate is typically much cheaper than what you would pay at a rental outlet. Users who rent out their vehicles on one of these platforms can make $10,000 a year.

But don’t make the mistake that many Airbnb users made when they bought properties only to rent out. When the 2020 crisis hit and people immediately stopped traveling, people who owned these properties suddenly started defaulting on their mortgages. So don’t buy a car just because you think you can make money renting it out. You may pay a heavy price in the long run.

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Medical studies can benefit everyone, including your wallet. Shutterstock

1. Participate in Medical Studies

While this may sound like signing up to be Dr. Frankenstein’s test subject, the reality is less horrifying. If you live near a major hospital and a medical school, the odds are that there is much research that needs people to participate. Some medical studies may involve a blood draw and a questionnaire.

Others may include spending our hour or two in an MRI machine. Plenty of medical studies are recruiting people with certain conditions, but they also need healthy participants to serve as a control group. You can make several hundred dollars in each research and know that you contribute to the necessary research and development in healthcare.

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