As an accountant, you may find yourself in need of extra income to pay off student debt or boost your savings. Fortunately, there are many side hustles that can help you achieve these goals. In this article, we will discuss 14 great side hustle ideas for accountants.
- Bookkeeping Service: With your accounting background, a bookkeeping side hustle is worth considering. Virtual bookkeepers like Kate Johnson can earn $60 an hour or more by familiarizing themselves with the preferred software and gaining experience.
- Tutoring: As an expert in accounting, you could start a tutoring business to help students struggling with the subject matter on platforms such as WyzAnt where rates range from $40-100 per hour.
- Tax Prep Service: Use your expertise to assist people with their tax returns since most families hire professionals for this service ranging from $250-$1,000 depending on complexity.
- E-commerce Store: Dropshipping high-ticket items is one e-commerce model that requires upfront work but has low inventory risk and logistics requirements compared to traditional retail businesses.
- Real Estate Investing: Analyzing property deals and investing in rental properties through platforms like Ark7 allows investors to pool money together while enjoying cash flow benefits without taking too much financial risk at once.
6.Online Arbitrage : Buy low-priced products online then sell them higher (usually) on Amazon using analytical skills honed over years of accounting practice
7.Mobile Notary Service : Thanks to attention-to-detail qualities inherent among accountants makes mobile notaries ideal candidates who travel around signing loan documents earning up tp $8k monthly!
8.Content Business : Starting out writing informational articles answering specific reader questions building out library content monetized display ads affiliate partnerships own products services etc., top bloggers earn upwards of ten thousand dollars per month after developing their website SEO optimization strategies which take time but pays dividends long-term growth potential exponential revenue streams await those willing put effort!
9.Virtual CFO Service : Starting a virtual fractional CFO service on the side from her day job, Shannon Weinstein CPA built up multi-six-figure business by positioning herself as expert tax strategist.
10.Software Tutorials: Sharing expertise through YouTube tutorials and selling online courses can be lucrative. Mark Smolen is “The Quickbooks Dude” with over 33k subscribers to his channel earning advertising money from videos plus paid courses via website.
11.Freelance Writing: Online media brands regularly pay freelance writers for fresh content in accounting or other financial topics where author authority matters significantly when it comes to Google rankings; Paul Maplesden commands rates of $380+ per article since becoming full-time freelancer writer on accounting/business subjects since 2015.
12.Online Market Research: Companies are always looking for feedback on upcoming products/services paying participants anywhere between sixty dollars up to one hundred an hour depending upon study type (in-person vs. online) professionals like accountants often sought-after industry-specific studies
13.Selling Spreadsheets: Emily McDermott focuses on selling budgeting spreadsheets made using Excel/Google Sheets having sold over $250k worth in first couple years alone! As an accountant, you may already have half-dozen templates ready-made that others would gladly purchase turning Etsy into your go-to platform finding customers willing buy what they need/want most at fair prices competitive advantage key success factor here though so keep quality high while pricing competitively low enough attract buyers without losing profit margins along way…
14.Financial Coaching Services: Providing financial coaching services to individuals/small businesses offers great opportunity level-headed accountants seeking extra income especially given scarcity common sense regarding personal finance issues among general public Sylvia Inks provides such services helping small businesses with their budgeting cash flow overall profitability networking events speaking engagements book sales all effective ways connect clients offering value-added solutions which help them achieve goals faster more efficiently than otherwise possible!