10 best high paying self employment jobs ideas in 2020

For those looking for a career change ideas, self employed jobs seem like a dream come true.

Setting your own schedule and choosing which projects to work on are only two of the benefits of being your own boss. Other benefits include a relaxed dress code and choosing to work in a field about which you are passionate.

Those new to self employment will find that some self employment ideas offer a meager salary for what seems like an overabundance of work. Additionally, many jobs that offer independent control require a two to four year college degree.

However, there are a lot of well paying self employed opportunities that allow a healthy work and life balance and require little more than a car, obtainable licenses, and an eager, determined personality.

The following are 10 high paying self employment jobs for anyone who is eager to become their own boss in 2020.

Rideshare Driving

What does a rideshare driver do?

A rideshare driver uses their own car and apps such as Uber or Lyft in order to give rides to individuals who request them.

Rideshare drivers work on their own schedules but usually choose to operate during busy times like rush hour or on Friday or Saturday nights.

How long does it take to become a rideshare driver?

A fully insured vehicle owner can get started within a week as a rideshare driver, as companies run a criminal background check on those using their app.

What is the salary of a rideshare driver?

Rideshare drivers make around $37,000 per year. Their salary is dependent on consumer need and the number of other rideshare drivers on the road.

Those who live in bigger cities or college towns tend to fare better than drivers who hail from the suburbs, as the population of riders is greater and the demographic is younger.

Childcare Provider

What does a childcare provider do?

Considering the fact that working parents are always looking for affordable childcare options, an in-home childcare center is a good business to start.

When caring for children, you are required to provide them with enrichment, serve them breakfast, lunch, and snacks, and protect them from harm.

How long does it take to become a a childcare provider?

Anyone caring for children is required to obtain child abuse clearances and a criminal background check from their state. These take around 30 days to process.

If you are running a small childcare business out of your home, you can start immediately upon receiving the clearances.

What is the salary of a childcare provider?

Money brought in from a childcare business varies depending on how many children are being served. Typically, parents pay $40 per day per child.

Eldercare Provider

What does an eldercare provider do?

Similar to childcare, eldercare requires you to provide seniors with enrichment and appropriate meals while their families are at work during the day. However, eldercare is provided in the senior’s home on a one on one basis.

How long does it take to become an eldercare provider?

Child abuse and criminal background check clearances are needed in order to operate the best home business possible. Completion of the above takes around 30 days.

Additionally, most eldercare providers have the education level of a certified nurse’s aid (CNA). Becoming a CNA takes around 12 weeks.

What is the salary of an eldercare provider?

Eldercare providers are paid different rates depending on their ability to provide medical care. An CNA trained eldercare provider makes around $12 per hour.

Eldercare providers with the minimum education level of a licensed practical nurse can make up to $21 per hour.

Web Designer

web designer women

What does a web designer do?

A web designer creates websites for clients. These range from personal blogs to larger business accounts. As far as self employment ideas go, it is a profession that is not going out of style anytime soon.

How long does it take to become a web designer?

While many firms prefer to hire college graduates of information technology programs as web designers, the skill is not necessarily one that requires secondary education.

Web design can be self taught, and the time it takes to become a designer depends solely on the individual’s ability to digest and execute the information.

What is the salary of a web designer?

Freelance web designers can make a minimum of $51,000 per year.

Freelance Writer

woman freelance writer

What does a freelance writer do?

Freelance writers can be contracted to write blog posts, marketing emails, and even ghostwrite entire books. In addition to writing, many freelancers also find success with editing work.

How long does it take to become a freelance writer?

It is not necessary for writers to be formally educated, so long as they grasp the rules of the language in which they write. Anyone just out of high school with acceptable language skills can become a freelance writer.

What is the salary of a freelance writer?

If you are looking for potentially high paying self employed jobs, freelance writing offers a wealth of opportunity.

Salary is dependent on the level of work put in by the freelancer, as work is done piecemeal and at individual rates. Writers who tap into every opportunity tend to fare well, with salaries averaging $46,000.

Event Coordinator

event coordinator women

What does an event coordinator do?

If you’re looking for a career change ideas and you have always been the one to head up party planning committees, event coordinating may be for you. Event coordinators are tasked with planning and executing events of various sizes.

How long does it take to become an event coordinator?

Being an event coordinator does not require any training. However, there are several areas for event coordinating: small party planning, wedding planning, and fundraising planning.

Each area requires more experience than the next, and a strong portfolio of successful events is the key to attracting clients, whether it is for a small baby shower or a local non-profit’s annual fundraising gala.

What is the salary of an event coordinator?

On average, event coordinators can accrue a yearly salary in the mid $30,000 range.

Life Coach

What does a life coach do?

Life coaching is the process of helping a client gain control over certain aspects of their life. Possible areas are dating, social interaction, finances, and physical health.

A life coach provides support, education, and advice to their clients as they attempt to navigate their journey and change their lives.

How long does it take to become a life coach?

There are certificates granted by for profit organizations that deem recipients professional life coaches. They take around 6 months to complete.

However, it is not necessary to earn the certificate before starting a business. Anyone with a level head, good listening skills, and a supportive nature can become a life coach.

What is the salary of a life coach?

Life coaches make an average salary of between $51,000 and $61,000 per year.

Tutor

tutor pregnant

What does a tutor do?

Tutors work with individuals in order to enhance their understanding and execution of certain academic subjects.

Clients can be anywhere from elementary to college age and can just be trying to pass a certain subject or studying for their GED.

The most common subjects that require tutors are math, science, and English. If you are bilingual, English as a second language, or ESL, tutors are always in demand.

How long does it take to become a tutor?

Tutoring is one of the best self employment ideas for college graduates and current college students.

Individuals can start as soon as they show a mastery of the subject matter. This is usually the length of a college semester–around 4 months.

What is the salary of a tutor?

Tutors without a college degree charge $30-40 per hour. Those with a teaching degree charge $85 per hour.

Depending on your client base, you may be able to negotiate higher fees for those who need help in more than one subject.

Repair Person

repair person

What does a repair person do?

A repair person is hired by clients to make repairs or improvements on nearly anything, including but not limited to houses, cars, fences, or small machinery such as lawn mowers.

How long does it take to become a repair person?

The length of training depends on the area of specialization. For simple home repairs, it is possible that no training is needed; many can simply apply their life skills to the job.

However, if you choose to specialize in a certain area such as automobile repair, training can take 6 months to a year.

What is the salary of a repair person?

Repair people are not backed into a corner when it comes to work; they can work on cars, houses, computers, or anything else they excel at fixing.

This makes it impossible to accurately predict a salary. However, it is estimated that self employed repair people set their prices around $60 per hour.

Music Teacher

music teacher women

What does a music teacher do?

Music teachers give one on one lessons to individuals wishing to learn a certain instrument. The most popular instruments taught are piano, guitar, and drums.

How long does it take to become a music teacher?

While you need a four year college degree to teach music in schools, you do not need one to give private lessons.

There is no set length of training for an adult to become a music teacher; the career is usually the culmination of years of lessons as a child.

What is the salary of a music teacher?

While there is no set rate for music teachers, many charge $15 to $60 per hour.

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