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.
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."
Video by David Fang
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.
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.
Video by David Fang
"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.
"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: