Informal Sector: 6 Ways People Make Money In Cities
Even working a couple of jobs it can be a struggle to get by in the city. A lot of people are turning to low key ways to make extra cash. ‘Informal Sector’ jobs can go untaxed, some don’t even have a tax system in place. Some of these things require specific knowledge but most of them are things people can get into with a bit of research. We’re not saying you should get into this kind of work but these things are definitely out there.
Flipping is a popular way to make cash that you might not have heard about. It comes in a lot of forms but Flippers are people who find things being sold on sites like Craigslist or Facebook Buy/Sell groups as well as charity shops. They’ll pick up something cheap and sell it on to people online or wherever makes the most money.
For someone with the space, flipping big things like furniture or even cars can bring in good money. Flippers without room to spare usually deal in smaller items or things that are valuable to collectors. Memorabilia is a big part of this but a surprising amount of things like those ceramic figurines in your aunt’s house are collectible. It’s one of the biggest informal sector positions and for good reason.
If you want to get into event photography or anything similar you’ll need equipment. Anyone with the money to get their hands on some equipment will run into a lot of competition but there’s still a decent market for photographers.
Where you won’t find as much competition and won’t need nearly as much equipment is stock photography. Those watermarked pictures you see around all come from websites which sell the usage rights of those pictures. They don’t take the pictures though, they’re bought from photographers. The money isn’t huge but with a bit of practice taking a good picture won’t take long so the return for stock photographers is decent.
There are a lot of side jobs people pull like Uber that everyone knows about. Less public and without the requirement of ferrying people around all day is running errands. Zaarly and TaskRabbit let people match up with someone who needs something done but doesn’t have the time to do it. Whether it’s picking up groceries or any of a million other things, there’s a huge market of people needing things done quickly.
Many websites let people offer their services to clean homes. Compared to traditional cleaning jobs, people tend to go to informal sector ones because they can drop in and out when they want.
It’s insane what some people will do to cater to their pets. Some are reasonable, like petsitter.com helping match dog owners with dog walkers but there are those who feel like their pet needs constant attention and are willing to pay for it. For some people this is ideal, they can bring the pet they’re sitting home and hang out with them while the owner works.
Put Yourself On Trial
For Lawyers looking to make sure their cases are airtight there are ways to stress test beyond just pouring over your case. One platform that can make some money for people willing to do it is by taking part in a mock trial. Ejury.com lets people in different demographics take part in trials that pay up to $10 for under an hour of work. It’s not consistent but anyone signed up to the website can make quick money if a lawyer needing their demographic pops up.
For anyone willing to become a mobile billboard freecarmedia.com connects businesses to vehicle owners who rent them adspace. Depending on where someone is they can make decent money off this. New Yorkers can earn around a grand a month which is a decent chunk of money for the little effort that goes into it.