12 Lucrative Side Hustle Ideas Accountants Can Do At Spare Time
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12 Lucrative Side Hustle Ideas Accountants Can Do At Spare Time
According to IBIS World, as of 2022, the US market size of accounting services is at $120.6 Billion.
On a global scale, the market value of accounting services will reach $868 Billion by the end of 2022.
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From the statistics above, you can confirm that the accounting industry has a future.
As outlined by the Bureau of Labor Statistics, Accountants with a Bachelor’s Degree earn an average of $65,000 annually.
Of course, with the steady growth rate of the industry, annual salaries will increase with time.
However, there is always a need for extra income. Thus, side hustles keep pushing forward worldwide.
Today, one-third of working Americans have a side hustle, and in the UK, close to half the total workforce has a side hustle.
Today, this article will look at the top 12 side hustles that you can do in your spare time as an accountant.
Without taking any more time:
Key Highlights
🎯 The market value of accounting services will reach $868 Billion by the end of 2022.
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🎯 You can create an online course and make money teaching during your spare hours as an Accountant.
🎯 You can set up a seller profile to start making money writing as a freelance finance writer on Fiverr.
🎯 Website testers make over $50 per hour on some platforms by merely giving their feedback on websites they visit.
🎯 You can rent out your car to drivers on a commission basis.
🎯 Accountants can conveniently run most of these side hustles from home.
SEE ALSO: How Much Do Bookkeepers Charge for Start-Up Businesses?
SEE ALSO: How Accountants Can Start a Bookkeeping Side Hustle from Home
1. Online Accounting Course
One of the best side hustles for Accountants is teaching online.
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As an accountant, the odds are that you have great experience in the field of finance.
You can create an online course and make money teaching during your spare hours with that in mind.
Online learning is steadily on the rise, and more students utilize this technology for extracurricular learning in most cases.
Today, there are several websites where you can register to create a course and teach students.
Some of these websites are:
You can create a course, set up pricing, and start earning when students enroll by registering on these websites.
2. Private Tutoring
As an accountant with good teaching skills, you can also make money by being a private tutor.
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Without a doubt, several accounting students out there need help from professional Accountants.
Often, these students need private classes to ensure good grades in their exams, and this is where you come in.
With a Diploma or Degree in Accounting, you can make so much money by offering your services as a tutor to these aspiring accountants.
Of course, the pay for this side hustle is good, as most Accountants charge between $30-50+ per hour.
You can start by publicizing your services through fliers and online ads and posting on some job listing websites like Craigslist or Indeed.
3. Start A Finance Blog
One of the best side hustles so far is starting a blog.
Starting a new blog is quite daunting, as the money doesn’t come in immediately.
However, it turns out to be one of the best side hustles worldwide in the long run.
Today, the finance niche is popular in the blogging world. Thus, it is easy to gather a huge fan base.
Some famous examples of Finance blogs are Financial Samurai, Kasasa, NerdWallet, etc.
As an accountant, you can share your experiences and views of the finance world and general finance-related topics.
Typically, most active blogs monetize between 3-6 months.
You can buy a cheap WordPress Hosting service on BlueHost and start up the whole process of starting a blog.
4. Become A Finance Consultant
The odds are that every Accountant can fit in perfectly as a finance consultant.
Thus, it becomes easy to make money from consultancy.
Today, technologies allow for virtual consultancy.
You can make money as a virtual consultant during your spare time with that in mind.
You can render finance advice in fields like Tax, Debt, Bookkeeping, etc.
To start as a Virtual consultant, you can hire a professional to create a website for you or join an online consulting marketplace.
Some of these websites where you can sign up to advertise your services are CoMatch, TopTal, etc.
5. Create A YouTube Channel
An excellent alternative to blogging is creating a YouTube channel.
Depending on the success of your channel, you can make thousands of dollars per month on YouTube.
Thinking of what to do on your YouTube channel?
Well. As an accountant, you could render financial advice and post random finance-related videos.
Typically, it takes from 12-20+ months to reach the monetization requirements of 1,000 subscribers and 4K+ Watch-time hours on YouTube.
However, the whole wait is worth it, as having a YouTube channel is one of the most significant investments in the modern world.
Today, you can gather inspiration from various finance channels like Sara Marie, Dan Lok, etc.
6. Become A Finance Writer
As an accountant, you can render writing services to clients in the finance niche on websites like Fiverr.
Of course, you can write in any other niche you know, but writing articles in your field gives you an advantage over other writers.
Moreover, a client would prefer an Accountant over a Graphic Designer for a Finance article.
Thus, you earn a higher reputation for writing articles in your field of study.
On visiting the website of Fiverr, you can click on the Join button to sign up with Google, Facebook, or via the usual registration process.
Upon creating your account, you can set up your seller profile and give a description of the gig you intend to render on the platform.
Freelance writing is a flexible job so that you can do it in your spare time.
Also, this is a lucrative side hustle, and most writers make over $2,000 per month on these platforms.
7. Website Testing
Website Testing is already one of the most common side hustles today.
Whether you are an Accountant, Lawyer, or Doctor, you can make money from this side hustle.
Today, there are hundreds of website testing platforms like Userlytics, where users get paid for making honest reviews of websites.
As long as your reviews are honest and in-depth, you stand a chance of bagging more testing jobs and more money.
Testers make over $50 per hour on some platforms by merely giving their feedback on websites they visit.
8. T-Shirt Sales
Today, you do not need massive money to start a branded T-shirt sales business.
As long as you have the required creativity, you can create a brand design and start making money.
There are several print-on-demand websites like Teespring, CafePress, SellMyTees, etc. You can sell branded t-shirts.
First, you have to create an online store on any of these websites, create a design, and start advertising your products to people who might be interested.
This side hustle is low-risk and easy to set up as a print-on-demand business.
Moreover, these companies handle shipping for you, so you have nothing to worry about.
Even if you are not a good graphic designer, you can get cheap designs from websites like Tailorbrands.
As an accountant, this can become a side earning stream to make extra cash even while on or off your spare time.
SEE ALSO: 15 Side Hustles That Make A Lot Of Money Without Selling Your Soul
SEE ALSO: Best Side Hustles for a Dentist
SEE ALSO: 7 Realistic Side Hustles For Doctors
9. Rent Out Your Car
If you happen to be an accountant who owns a car, you could rent out your car to drivers on a commission basis.
Alternatively, you could hire these drivers to use your car for services on platforms like Lyft or Uber.
Of course, you can drive yourself, but you could hire a driver on a commission basis if you find it daunting.
Most people make money from this, and it proves to be one of the best side hustles so far.
Finding a perfect driver is a crucial step, so you have to hand over your car to only someone you know or trust.
10. Data Entry
Data Entry is simply a job that requires you to input data into a computer from one form to another.
In some cases, you may need to type and convert audio files into written documents manually.
As easy as it may seem, hundreds of clients provide Data entry job listings on freelance marketplaces.
You can turn this into a side hustle by signing up on any freelance website like Upwork.
Alternatively, you could look for full-time job listings on websites like Indeed.
This side hustle is profitable, and you can make a lot of money.
11. Translator
If you are fluent in multiple international languages, you can make so much money as a translator.
What makes it more interesting is the flexible nature of this job.
As a multilingual individual, you can render your services to clients on freelance marketplaces like Fiverr or PeoplePerHour and earn up to $50+ per hour.
In some cases, you might have to convert an audio file into a text written in another language or a text-to-text translation.
12. Social Media Management
One of the popular side hustles today is Social Media Management.
In this job, you have to manage the social media accounts of high-profile individuals, companies, or celebrities.
Typically, you have to answer queries, keep pages active, and carry out other social activities.
This idea is a profitable side hustle, and there are numerous social media management vacancies online.
You can find some of these vacancies on job listing sites or freelance marketplaces like Freelance.com.
SEE ALSO: Best Side Hustles for a Dentist
SEE ALSO: 7 Realistic Side Hustles For Doctors
Final Thoughts
From this article, you can confirm that there are many side hustles that Accountants can do in their spare time.
Owing to their flexible nature, you can conveniently run most of these side hustles from home, and they all feature high-earning potential.
If you have been looking for a perfect side hustle to make extra cash as an Accountant, you can make your selection from this list.
