Earning

5 side hustles that can help you earn a lot of money over New Year's

Twenty/20

Just 3% of people don't plan to celebrate New Year's Eve, according to WalletHub.com. With a little planning, you can capitalize on other people's New Year's celebrations and ring in 2020 with extra cash.

Experts say certain side hustles are more in demand over New Year's Eve and New Year's Day. In some cases, that allows for premium or surge pricing. Regardless, you should be able to pick up enough work to keep you busy throughout the holidays. And many of these side hustles are flexible enough that you can still watch the ball drop.

1. Drive for a ride-share service

New Year's Day, particularly the very early morning hours, is the most lucrative day to be a ride-share driver, according to a ranking from Harry Campbell, founder of TheRideshareGuy.com. New Year's Eve places ninth in his assessment.

On a normal day, one ride-share driver in NYC tells CNBC, he can pull in about $250 for a full day's work. On a holiday, increased demand means drivers have the potential to pick up more rides and earn more per ride due to surge pricing.

Over New Year's last year, Uber reported, ride requests picked up around 8 p.m. and slowed by 11 before picking up again between midnight and 3 a.m. Lyft expects demand to peak between 7 p.m. and 3 a.m.

But you'll need to take precautions to keep your car in good shape to keep working through the night. "Keep your vomit bags on hand," Campbell writes on his site, "because you're likely to get people who are still drunk from the night before or are severely hungover."

VIDEO3:5803:58
How to turn your side hustle into a successful business

Video by David Fang

2. Rent out your home

Airbnb estimates that 95% of New Year's Eve guests are staying outside the 10 biggest travel destinations — and more than 19,000 guests have booked "farm stays." Some of the cities experiencing the biggest domestic growth in NYE rentals include Louisville (up 243% from last year), Ellicottville, New York (up 121%), and Dallas (up 115%).

Even if your city isn't known for its New Year's Eve party scene, other draws can make a short-term listing there lucrative, assuming local laws allow you. "If you're near a venue for any of the [New Year's Six] bowl games, you can Airbnb your house out for a fortune," says Kathy Kristof, co-founder and editor at SideHusl.com, an independent side hustle review site.

For a stay December 31 through January 2, one host near the Rose Bowl Stadium in Pasadena is charging $679 per night for a private room in a villa. At other points in the year, the nightly rate runs as low as $149.

3. Babysit

In terms of demand for sitters, New Year's Eve is second only to Valentine's Day, says Natasha Gavilanez, a spokeswoman for Care.com. And about 1 in 5 families waits until the week before New Year's to book, she says.

You might be able to pick up a one-night gig from a family who doesn't have a regular sitter or whose go-to person isn't available that night because they are already booked or have their own holiday plans.

Hourly rates for a New Year's Eve sitter run from $17 to $23, depending on your city, with a national average of $17.30.

VIDEO4:0804:08
This guy makes six figures a year with his dog walking business

Video by David Fang

4. Deliver party supplies

"Anything that potentially is a service that helps people party is going to be in high demand," says Kristof. For example, Domino's reports that its busiest day of the year is New Year's Eve.

Signing up to deliver restaurant food through Uber Eats or Grubhub, or shopping for food, alcohol, and other household goods through apps like Instacart and Shipt, can be an easy way to capitalize on that holiday demand.

Instacart shoppers earn a per-job minimum of $5 to $10, depending on the assignment, plus tips. On an hourly basis, they report earning roughly $11 to $14, according to Glassdoor.

Anything that potentially is a service that helps people party is going to be in high demand.
Kathy Kristof
Co-founder, SideHusl.com

5. Clean

"Cleaning has historically been one of the most popular tasks on New Year's Eve and New Year's Day," says Ariel Rothbard, a spokeswoman for TaskRabbit. That includes requests to clean ahead of and after New Year's parties, as well as seasonal tidying like removing holiday decorations, she says.

The average cleaning project costs clients $74 to $138, according to TaskRabbit, although rates vary by city and duties involved in the task.

If your 2020 resolution is to pick up extra money with a side hustle, capitalizing on New Year's demand is a great starting point. Look ahead to other events, holidays, and times throughout the year where demand increases, helping you earn more, Kristof says.

"For people who feel like they got too late a start to make big money for New Year's Eve and New Year's Day, think about other events that come up on the calendar."

More from Grow:

acorns+cnbcacorns cnbc

Join Acorns

GET STARTED

About Us

Learn More

Follow Us

All investments involve risk, including loss of principal. The contents presented herein are provided for general investment education and informational purposes only and do not constitute an offer to sell or a solicitation to buy any specific securities or engage in any particular investment strategy. Acorns is not engaged in rendering any tax, legal, or accounting advice. Please consult with a qualified professional for this type of advice.

Any references to past performance, regarding financial markets or otherwise, do not indicate or guarantee future results. Forward-looking statements, including without limitations investment outcomes and projections, are hypothetical and educational in nature. The results of any hypothetical projections can and may differ from actual investment results had the strategies been deployed in actual securities accounts. It is not possible to invest directly in an index.

Advisory services offered by Acorns Advisers, LLC (“Acorns Advisers”), an investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”). Brokerage and custody services are provided to clients of Acorns Advisers by Acorns Securities, LLC (“Acorns Securities”), a broker-dealer registered with the SEC and a member of the Financial Industry Regulatory Authority, Inc. (“FINRA”) and the Securities Investor Protection Corporation (“SIPC”). Acorns Pay, LLC (“Acorns Pay”) manages Acorns’s demand deposit and other banking products in partnership with Lincoln Savings Bank, a bank chartered under the laws of Iowa and member FDIC. Acorns Advisers, Acorns Securities, and Acorns Pay are subsidiaries of Acorns Grow Incorporated (collectively “Acorns”). “Acorns,” the Acorns logo and “Invest the Change” are registered trademarks of Acorns Grow Incorporated. Copyright © 2019 Acorns and/or its affiliates.

NBCUniversal and Comcast Ventures are investors in Acorns Grow Incorporated.