According to an Entrepreneurng report, there are a ton of fantastic side gigs for accountants, whether you’re wanting to increase your income, pay off debt, or simply enhance your savings.
Below is a list:
1. Tutoring
Many students detest taking accounting classes! You may start a tutoring service to assist them with your knowledge. Students can find tutors through websites like WyzAnt, paying between $40 and $100 per hour.
Alternatively, you may get to know guidance counselors and become a reliable source of recommendations and most especially people who got the experience.
2. Service for bookkeeping
A bookkeeping side business would be worthwhile given your knowledge of accounting. Bookkeepers who work remotely can make $60 an hour or more. In a field where there are no official certificates needed to call oneself a bookkeeper, your expertise and credentials will help you stand out.
3. Investing in real estate
One of the oldest and most well-known side businesses is real estate investing. All accountant enjoys analyzing real estate situations and ultimately they purchase numerous rentals.
4. Electronic Store
There are many various types of e-commerce, but “high ticket” drop shipping is one to take into account.
In general, drop shipping refers to the practice of marketing a product on behalf of a supplier or manufacturer without handling the inventory. You don’t have the inventory risk of having bought it on a whim upfront because they send it to the consumer on your behalf once you make a sale. You also lack the logistics for storage and transportation.
5. Independent Writing
FinTech firms, online media corporations, and other websites frequently pay independent writers to produce new content for them.
These businesses frequently need writers with accounting experience. (Google is interested in the author’s credibility and domain knowledge)
6. Web-based Arbitrage
Online arbitrage is a wonderful side business for accountants since they have analytical minds and a passion for statistics. In this industry, you often buy cheap from other websites and sell higher on Amazon.
7. Rewards on credit cards
Although credit card rewards aren’t a side business in the traditional sense of the word, they can nonetheless be a simple way for accountants to supplement their income.
Banks are rabid for new clients and offer huge sign-up bonuses, including free money and travel. These bonuses are an easy win for you because you manage your money responsibly and won’t spend more than you can afford.
Conclusion
The ideal side job for an accountant depends on your hobbies and long-term objectives, like most things. An accounting side business wouldn’t be a good choice if you’re one of the accountants who despise the concept of spending their free time worrying about credits and debits.
However, I’m convinced that this list will serve as inspiration for you when you select the side business that’s best for you.
