These Are The High­est-Pay­ing Jobs In The Gig Econ­omy

ForbesWeekly - - NEWS - BY STACEY LEASCA, FORBES CON­TRIB­U­TOR FOL­LOW STACEY LEASCA AT www.forbes.com/sites/sleasca

Nearly one in four Amer­i­cans now take part in what is known as the “gig econ­omy.”

From ac­cept­ing odd jobs on­line, like clean­ing homes and fix­ing leaky faucets, to pick­ing up strangers in per­sonal cars and rent­ing out spare bed­rooms, more peo­ple than ever be­fore are a part of this non-tra­di­tional work­force, ei­ther sup­ple­ment­ing their 9-5 in­come or com­pletely re­plac­ing it.

And it doesn’t look like the trend is go­ing away any­time soon. As Forbes pre­vi­ously re­ported, an es­ti­mated 43% of the U.S. work­force will be made up of free­lancers by 2020, ac­cord­ing to a study by LinkedIn.

So, which gig econ­omy jobs are worth in­vest­ing your time and ef­fort into now? Ac­cord­ing to new data by Earnest, there are three com­pa­nies in this bur­geon­ing sec­tor worth look­ing into: Airbnb, Lyft and TaskRab­bit.

To come to its con­clu­sion Earnest looked at anonymized data from tens of thou­sands of loan ap­pli­cants to see how much peo­ple are earn­ing on dif­fer­ent gig plat­forms. How­ever, it should be noted that the data does not show how many hours of work the in­come rep­re­sents for each plat­form.

What it did show was that 85% of gig econ­omy work­ers make less than $500 per month. But, Airbnb hosts, on av­er­age, make more than any other gig work­ers and are rak­ing in an av­er­age $924 per month. Nearly half of hosts, Earnest re­ported, make more than $500 per month.

“Airbnb en­cour­ages hosts to think care­fully about their re­spon­si­bil­i­ties,” an Airbnb spokesper­son told Forbes via email about sign­ing up for the ser­vice. “Host­ing of­fers rich ex­pe­ri­ences, but it comes with a cer­tain level of com­mit­ment. In ad­di­tion to the Hos­pi­tal­ity Stan­dards, hosts should pro­vide a safe space for guests by min­i­miz­ing haz­ards, be mind­ful of neigh­bors, check with your home own­ers as­so­ci­a­tion or co-op board to make sure that they can le­gally host, and abide by lo­cal reg­u­la­tions.”

As for ride-shar­ing gigs, Lyft and Uber drivers earn about the same, though Lyft does come out a bit ahead with its drivers earn­ing an av­er­age of $377 per month com­pared to Uber’s $364.

Earnest also noted that drivers with Lyft tend to dou­ble dip, with nearly a quar­ter of drivers also work­ing for Uber. Of the sub­set of dou­ble-duty drivers, Earnest re­ported that the av­er­age in­come was ac­tu­ally higher for Uber ($481 vs $396).

Lyft shared some data with Forbes via email to back up this mul­ti­ple em­ploy­ment statis­tic. As the com­pany noted, 82% of its drivers are em­ployed or seek­ing em­ploy­ment out­side of Lyft, while 6% are stu­dents and 5% are re­tired.

Mean­while, those who en­gage on TaskRab­bit, a site for those look­ing to ei­ther ful­fill tasks and ser­vices or per­form them, earn three times as much as those who earn through Fiverr, a sim­i­lar gig plat­form.

“On TaskRab­bit, Taskers have the abil­ity to lever­age a va­ri­ety of skills to task in mul­ti­ple cat­e­gories, there­fore, in­creas­ing their earn­ing po­ten­tial,” Jenna Wil­liams, a spokesper­son with TaskRab­bit, shared with Forbes via email. “They also set their own hourly rates, and can ad­just them up and down at any time.”

More­over, Wil­liams shared, those tak­ing part in the site have com­plete con­trol over their own sched­ules, mean­ing they can earn a lit­tle or a lot in what­ever amount of time they have.

“We have Taskers who earn any­where from a few hun­dred to $10,000 or more each month on TaskRab­bit,” Wil­liams said. “The suc­cess an in­di­vid­ual Tasker has all comes down to how ef­fec­tively they want to lever­age the points out­lined above.”

Be­fore jump­ing into the gig econ­omy first as­sess your skills, the amount of time you have and think about just how per­sonal you want to get. Then, sim­ply down­load the ap­pro­pri­ate app and start earn­ing a lit­tle, or a lot, with your new side hus­tle.

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