The 18 Finest Facet Hustles for Accountants: $1,000+/Mo

Even essentially the most financially savvy accountants can use a facet hustle.

Between a median pupil debt of over $20,000 and the rising value of … properly, every little thing … it’s solely pure for accountants to start out in search of methods to earn more money.

Whether or not you’re seeking to pad your financial savings account, repay debt, or just increase your earnings, there are many nice facet hustles for accountants.

On this article, I’ll share my prime picks.

Prepared? Let’s do it!

1. Bookkeeping Service

Together with your accounting background, a bookkeeping facet hustle is value a glance.

Digital bookkeepers like Kate Johnson can earn $60 an hour or extra. Your expertise and credentials will assist set you aside in an {industry} the place there are no formal certifications required to name your self a bookkeeper.

Kate emphasised the significance familiarizing your self within the bookkeeping software program of selection.

Right here’s a free preview of the course she “credit” (pun supposed!) with serving to her get began.

2. Tutoring

For a lot of college students, accounting is a dreaded topic! Together with your experience, you can begin a tutoring enterprise to assist them out.

Platforms like WyzAnt join college students with tutors, with charges starting from $40-100 an hour.

Or you can develop relationships with steering counselors and turn into a trusted referral. For instance, Matt Fuentes focuses on faculty admissions check prep and routinely earns $90-100 an hour from house.

3. Tax Prep Service

As an accountant, individuals in all probability already flip to you with tax questions — even for those who’re not that sort of accountant.

Nonetheless, you may take that perceived authority and experience and assist individuals with their tax returns.

This was my mother-in-law’s facet hustle for years. The additional earnings helped her help her household and repay her mortgage early.

Per The College Investor, 38% of households rent an accountant or service like H&R Block to do their taxes. Relying on the complexity of the return, charges vary from $250 to $1,000 or extra.

4. E-Commerce Retailer

E-commerce is available in lots of totally different flavors, however one mannequin to contemplate is “excessive ticket” drop transport.

In broad strokes, drop transport is the place you promote a product on behalf of a producer or provider however don’t contact the stock. Once you make a sale, they ship it to the client in your behalf, so that you don’t have the stock threat of getting bought it on hypothesis up entrance. You don’t have the storage and transport logistics both.

After I linked with Ben Knegendorf, he shared some potential area of interest choice standards:

• Your core merchandise ought to value over $800
• There needs to be not less than 5-10 suppliers
• The merchandise needs to be “good to haves” — not on a regular basis necessities
• You must love serving your goal buyer

This enterprise mannequin does take lots of work upfront to develop the storefront and construct provider relationships, nevertheless it’s viable nonetheless.

One factor to contemplate although is the way you’ll differentiate your self from different drop shippers promoting the identical product from the identical suppliers on the similar worth. To be taught extra, take a look at this information from DropshipBreakthru.

Enjoyable truth: Phil Knight began Nike as a facet hustle to his accounting job!

5. Actual Property Investing

Actual property investing is without doubt one of the oldest and hottest facet hustles within the books. My accountant buddy loves to research property offers, and in the end purchased a pair dozen leases.

The draw back is homes are costly!

Fortunately, new platforms like Ark7 make it straightforward to spend money on income-generating properties—with as little as $20. 

The corporate swimming pools cash to purchase rental properties, manages them, after which distributes the money stream each month. Which means you may take pleasure in the advantages proudly owning property, whereas spreading the chance round.

6. On-line Arbitrage

An analytical thoughts and a love of the numbers makes the facet hustle of on-line arbitrage a superb match for accountants.

On this enterprise, you purchase low from different web sites, and promote greater (normally) on Amazon.

I linked with Chris Grant on The Facet Hustle Present, who broke down how this works and what it takes to get began. (And the way he sells $75,000 a month value of stuff on-line!)

7. Cellular Notary Service

Due to your consideration to element, accountants make nice cell notaries. Cellular notary mortgage signing brokers journey to borrower’s properties and stroll them by way of their new mortgage paperwork.

This gig typically pays $50-150 per appointment, and it makes an ideal facet hustle as a result of appointments are sometimes within the evenings. (Banks prefer to lend to individuals who have jobs through the day!)

Some members of the Facet Hustle Nation neighborhood have reported incomes as much as $8,000 a month of their cell notary enterprise.

8. Content material Enterprise

My buddy Pete McPherson is an accountant turned running a blog professional. He runs a portfolio of useful content material websites along with the favored Do You Even Blog.

There’s so much to be taught in terms of constructing an internet site and search engine marketing, however it may be an excellent profitable facet hustle. Prime bloggers earn $10,000 a month or extra.

Beginning out, concentrate on informational articles that reply particular reader questions. As you construct out your library of content material, you may in the end monetize with show advertisements, affiliate partnerships, or your personal services.

9. Digital CFO Service

Shannon Weinstein, CPA, began a virtual fractional CFO service on the facet from her day job. By the point she give up to pursue it full-time, it was already a multi-6-figure enterprise!

Her major advertising and marketing channels had been Instagram and her Keep What You Earn podcast. Each targeted on quick, insightful solutions to widespread tax questions.

By positioning herself because the professional, it wasn’t lengthy earlier than followers and listeners began reaching out to rent her for tax technique assist.

10. Software program Tutorials

Is there an accounting instrument you completely love? Do individuals all the time ask you questions on it?

Certainly one of my favourite facet hustles is popping that experience into content material, particularly on YouTube.

For instance, Mark Smolen is “The Quickbooks Dude” on YouTube, and his channel has over 33k subscribers. On prime of incomes promoting cash from his movies, he sells a number of paid on-line programs by way of his web site.

After I search phrases like “quickbooks for landlords”, Mark’s movies rank extremely within the search outcomes.

YouTube is a good way to showcase your experience and join with potential prospects.

11. Freelance Writing

“Publish or perish” doesn’t apply simply to teachers — it’s true for on-line content material as properly. On-line media manufacturers, FinTech firms, and different web sites commonly pay freelance writers to create contemporary content material for them.

Many of those firms are in search of writers with accounting expertise. (The authority and experience of the creator issues to Google!)

As your writing portfolio grows, you may command greater charges. For instance, Paul Maplesden has been a full-time freelancer author on accounting and enterprise subjects since 2015, and instructions charges of $380+ per article!

12. On-line Market Analysis

Firms and types are sometimes in search of suggestions on upcoming merchandise, and can pay you for it. I’ve carried out a number of paid on-line analysis research, and even a pair in-person focus teams.

These are literally lots of enjoyable and sometimes pay within the $60-100 an hour vary. Professionals like accountants are in-demand for industry-specific research.

Certainly one of my go-to sources for these gigs is Consumer Interviews.

Take a look at our full Consumer Interviews evaluation to be taught extra.

13. Promoting Spreadsheets

Do you know individuals purchase spreadsheet templates on-line? Emily McDermott focuses on promoting budgeting spreadsheets in Excel and Google Sheets — and bought over $250k value in her first couple years!

As an accountant, you could have already got half a dozen spreadsheets in your pc that others would possibly pay for. Flip to platforms like Etsy to search out your first prospects.

14. Monetary Teaching

On the subject of cash, widespread sense is shockingly uncommon. Which means there’s a possibility for level-headed accountants to offer monetary teaching companies to people and small companies.

For instance, Sylvia Inks focuses on small companies and helps them with their budgeting, money stream, and general profitability.

Once we spoke, she linked with purchasers by way of:

• Native networking occasions
• Public talking alternatives
• Potential prospects discovering her book on Amazon

15. Podcasting

Brad Barrett is a CPA who co-founded ChooseFI, a well-liked podcast within the FIRE (financial independence, retire early) community. The present takes a holistic view of non-public finance and covers:

• Saving and investing
• Careers
• Journey hacking
• Taxes
• Insurance coverage
• and extra

Podcasting is an reasonably priced facet hustle for accountants to start out, and might develop into a considerable enterprise. As listenership grows, podcasts monetize with sponsorships, affiliate partnerships, and gross sales of services.

16. Half-Time Distant Work

FlexJobs is the main work at home jobs website.

After I searched “accounting” and filtered to part-time, I discovered over 250 job postings. To me that is smart as many firms aren’t large enough to justify a full-time accountant, however nonetheless may use some skilled in-house assist.

FlexJobs does cost a nominal month-to-month payment to entry their listings, however you’ll simply earn it again (after which some!) with one job. Save 30% w/ promo code FLEXLIFE.

17. Purchase a Enterprise

If reviewing earnings statements and steadiness sheets is your concept of a superb time, you may need a leg up in terms of shopping for a enterprise.

The benefit of shopping for a enterprise that’s already profitable is you hopefully take away a lot of the chance of beginning one thing from scratch.

Plus, you might be able to apply your experience to enhance the enterprise as soon as it’s yours. For instance, Jono Santamaria purchased a laundromat and rapidly tripled the income by:

• Including cashless fee choices
• Enhancing the enterprise’s on-line presence
• Elevating costs and including further companies

And whereas he did make some materials investments within the facility, he was capable of finance nearly all of the acquisition worth.

18. Credit score Card Rewards

Bank card rewards aren’t a facet hustle within the pure entrepreneurial sense of the time period, however can nonetheless be a simple means for accountants to make more money.

Banks are hungry for brand spanking new prospects and dish out large sign-up bonuses — within the type of free money and journey. Because you’re accountable with cash and gained’t spend greater than you may afford, these bonuses are a simple win.

The Subsequent Step: Take a look at my free course, Credit score Card Rewards 101: Find out how to Earn Free Money and Journey by Spending Smarter

What’s the Finest Facet Hustle for Accountants?

Like most issues, the perfect facet hustle for accountants relies on your pursuits and long-term objectives.

Some accountants hate the concept of spending their free time desirous about credit and debits — through which case, a bookkeeping facet hustle could be a horrible concept!

Nonetheless, I’m assured you’ll draw some inspiration from this record and be capable of select a facet hustle that’s best for you. Cheers!