According to the Canadian Women’s Foundation, the average Canadian woman earns 69 cents for every dollar a man earns.
This gender pay gap shows another dimension of the age-long inequality between men and women, indicating the need for women to take side hustles.
Unfortunately, some side hustles are dominated by men, expanding the gender pay gap to the disadvantage of women.
But after writing about the best passive income ideas in Canada, I realized the best side hustles for women leading to this article.
Before we get into specific ways to earn extra income, let’s look at why side hustles for women are such a good idea.
Why Look For Side Hustles As a Woman?
As a full-time working mom, I know how challenging it is to pay off the bills and meet your financial obligations as a woman. In fact, that was the push for creating this blog.
Whether you’re a college student, stay-at-home mum, full-time or part-time working woman, earning extra income can give you a sense of financial independence.
While the importance of side hustles for women can’t be overemphasized, here are five major benefits of taking a side hustle as a woman.
1. Financial Independence
Earning extra income gives you the freedom to make all your decisions without relying on someone.
If you’re like me, who doesn’t want to get anything in between my ambition, then taking a side hustle is a must.
That said, I recommend this ultimate guide on financial planning for women if you’re looking for more ways to attain financial independence.
2. Emergency Funding
Do you ever imagine your fate when an emergency strikes? This could be a job loss, critical illness, car accident, or flood, etc.
If you don’t build enough emergency funds before this event, you may risk your financial security for life.
However, taking a side hustle helps you set money aside so that if something unexpected comes up, money will not be your limitation on handling it.
3. Retirement Planning
The average life expectancy of women in Canada is 84 years. If that were to be your lifetime, would you love to live paying off bills or enjoying your golden years? The answer depends on your retirement plan.
Due to the poor retirement planning of women in Canada, the National Institute on Retirement Security found that 80% of Canadian women are more likely to be poor during retirement.
However, your story could be different if you take a side hustle to save more in one of the tax-advantaged retirement accounts, such as TFSA and RRSP.
4. Debt Payment
If you’re battling with a large debt to the extent your creditors are threatening to report you to a collection agency, it’s time to take a side hustle.
While borrowing money is not bad, paying it off could be challenging, especially for women who earn only 69 cents per dollar men earn.
Thus, a side hustle is one of the ways to pay off your debt fast to avoid credit score damage or bankruptcy.
5. Family Security
As a woman, you play a significant role in determining your family security. Whether you’re a single mum or spouse, you can’t trade the security of your family for anything.
With the rising inflation in the country, your full-time or part-time salary may not be enough to meet your debt obligation, children’s education, and retirement savings.
However, a side hustle helps you build the family of your dreams without sacrificing your personal goals.
How to Make Money Fast as a Woman
A quick Google search on “how to make money fast as a woman” will display hundreds of results for you. But the truth is, not all side hustle ideas for women are the same.
However, an online survey is one of the fastest means of earning money that I have tried and tested. An online survey is fast to make money and easy even if you don’t have a college degree.
Whether you’re a student, full-time or part-time working woman, you can convert your spare time into cash by answering simple questions online.
Upon reaching a threshold, you can redeem your earnings or have them as a gift card.
Swagbucks is my favorite survey site, and I have made hundreds of dollars by taking surveys, playing games, watching videos, etc. I recommend you read this Swagbucks review before using this platform.
15 Side Hustle Ideas For Women That Pay Well
So far, I have explained why you need a side hustle and how to make money fast as a woman.
However, if you’re looking for a side hustle idea to supplement your full-time or part-time salary, you need to look beyond online surveys.
While online surveys provide an opportunity for women to make money fast, they are time-consuming with little earnings. As a result, you need a side hustle that’s worth your spare time and efforts.
Whether you’re a college student, full-time or part-time working woman, here are the 15 best side hustles for women worthy of your time and efforts:
1. Tax Preparing
Some people hate tax seasons because of the stress of arranging their tax documents and filing their taxes.
As a tax preparer, you will earn an average of $17.05 per hour by helping people prepare their taxes on time.
However, you need strong organizational skills and knowledge of federal and provincial tax filing processes to succeed in this role.
You can earn $22.18 per hour by just correcting other people’s writing. Depending on your time availability, you can earn hundreds of thousands in a week through proofreading.
Proofreading involves fixing grammatical errors, which you can do right from the comfort of your home or during your break time in the office.
However, you need strong comprehension skills, working experience with word processing, spreadsheet, and editing software to succeed in this role.
Furthermore, most recruiters expect you to have a Bachelor’s degree in English or Journalism to become a proofreader.
3. Virtual Assistance
Virtual assistance is one of the high-demand roles today as businesses continue to go digital. As a virtual assistant, you will earn an average of $23.38 per hour by assisting an individual or a company with:
- Scanning and faxing documents
- Scheduling meetings and appointments
- Answering emails and phone calls
- Doing research for clients
- And other administrative roles
Unlike other side hustles for women that require physical presence, you can work from home as a virtual assistant using the Internet or your phone.
That said, some of the requirements of becoming a virtual assistant include:
- Computer, laptop, tablet, or hybrid
- High-speed internet connection
- Microsoft Office
4. Consulting Service
If you have vast experience in any field, you can earn $30.47 per hour by helping others succeed in that path.
Many people are looking for different kinds of guidance on management, business, parenting, education, trading, and finance, etc.
All you need to succeed as a consultant is expertise in your field and relevant certification to attract public trust.
Teaching children or adults is another means of earning extra income as a woman. Many parents are looking for a subject expert to teach their kids in exchange for dollars.
Also, there are adults ready to spend any amount to learn a particular language, skill, or subject that you have. Thus, you can take advantage of this opportunity to earn extra income while expanding your knowledge.
Unlike other side hustle ideas for women, tutoring is flexible and doesn’t require a college degree for a start.
6. Grocery Shopping
If shopping is your hobby, you can turn it into another income stream through grocery shopping. Many grocery stores are looking for people to deliver products near your area.
Furthermore, you can earn extra income from grocery shopping through cashback on the purchase you make from partner stores. The more eligible purchases you make, the more your income.
That said, you don’t need to have a college degree or years of experience to qualify for this opportunity. All you need is to use your spare time at your favorite grocery shopping stores.
7. Mystery Shopping
Unlike grocery shopping, where you shop for yourself or other people, mystery shopping is the process of disguising yourself as a customer to assess a company’s products or services.
After your assessment, you will report your experience to the company and receive monetary compensation.
Thus, your assessment will help the company understand areas it needs to improve its products or services. Your assessment will also help a company evaluate its staff performance.
8. Affiliate Marketing
Hundreds of companies are looking for people to reward by advertising their products or services to friends and family. This is one of the simple side hustles for women with low requirements.
Remarkably, affiliate marketing is one of the high-paying side hustles you can earn money from even while sleeping.
All you need is to recommend a product or service to your friends and family, and once they make a purchase, you earn a commission from that. The more people you refer to the company, the more you earn.
Freelancing is the process of exchanging your skills with money. Hundreds of people are looking to patronize whatever skills you have, such as writing, designing, programming, transcription, translation, data analysis, etc.
But to succeed in freelancing, you need to master your skill and provide excellent customer satisfaction.
You can receive up to $13 per hour by taking care of other people’s kids. How awesome to get rewarded for what you know how to do best?
The major role of a babysitter is to dress, feed, play, and give children medications.
While babysitting doesn’t have many requirements, you need to be a good listener and communicator to succeed in this role.
11. Pet Sitting
Pet sitting could be your best side hustle as a woman if you love interacting with animals.
With an average salary of $17.50 per hour, you can earn hundreds of dollars in a week by just taking care of other people’s pets.
That said, your role as a pet sitter includes feeding, walking, playing, and providing veterinary care to pets.
12. Fitness Training
The average salary of a fitness trainer is $24.95 per hour. If you multiply this up the hours you’re ready to spend in a day, you won’t give it a second thought.
That said, you can earn hundreds of dollars in a week by helping other people to stay fit without a college degree and years of experience.
Based on my personal experience, this is one of the simplest and less simple side hustle for women.
Blogging is one of the top flexible work-at-home jobs you can do right from home as a woman. Blogging is a way of writing about things you’re interested in on a blog.
The average blogger makes $40 per hour or $78,000 per year. The more you commit your time to it, the more money you make.
Unlike other side hustles for women, blogging is so flexible and allows you to express yourself to the entire world in your unique way.
That said, you need the following minimum qualifications to become a successful blogger:
- High-speed Internet connection
Unlike blogging, vlogging is a way of experiencing your ideas to the world through videos. This is one of the popular means of earning extra income while sleeping.
That said, YouTube is one of the largest platforms for vlogging. A YouTuber earns $18 for every 1,000 ad views.
Like blogging, you need to be consistent as a vlogger and focus on creating content that will attract more viewers to your videos.
15. Online Course Creation
The last but not the least side hustle idea for women is online course creation. As the name implies, this is a way of converting your knowledge into cash by selling a course through online platforms like Skillshare and Udemy.
One thing I like about online course creation is the flexibility to earn recurring income from a single course while sleeping.
With thousands of knowledge seekers online, potential buyers are waiting for your course already.
However, you need to have enough knowledge or experience about the course you’re writing about to attract more sales.
Over to You
No doubt, there are many side hustles for women out there, but not all might be right for you.
Based on my personal experience and what I have seen work for others, I have identified the best side hustles ideas for your easy selection.
The ball is now on your court to choose a side hustle idea that suits your skills and interest. Depending on your skillset, you can take more than one side hustle.
But if you find it challenging to narrow your selection from the above ideas, don’t hesitate to contact me or drop your concerns in the comment section.
Start a side hustle today!