Side Hustle ROI Calculator
Our Side Hustle ROI Calculator helps you analyze the return on investment for different side hustle opportunities. Compare hourly earnings, account for expenses and taxes, and identify the most profitable use of your time and resources.
Enter the details of your potential side hustles below to see which ones offer the best return on your time investment.
Effective Hourly Rate Comparison
Time Allocation Over 12 Months
Side Hustle Analysis Results
| Rank | Side Hustle | Effective Hourly Rate | Monthly Net Income | Total Net (12 months) | ROI vs. Time Value | Overall Score |
|---|
Your Side Hustles
| Side Hustle | Hours/Week | Hourly Rate | Startup Costs | Monthly Expenses | Tax Rate (%) | Actions |
|---|---|---|---|---|---|---|
| Freelance Writing | 10 | $35 | $100 | $20 | 25% | |
| Food Delivery | 15 | $20 | $200 | $150 | 20% | |
| Online Tutoring | 8 | $40 | $50 | $30 | 25% |
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Understanding the Results
Effective Hourly Rate
This is what you actually earn per hour after accounting for all expenses, taxes, and startup costs spread over the analysis timeframe.
ROI vs. Time Value
This percentage compares your earnings to what you could earn if you spent the same time working at your specified hourly value.
Overall Score
A weighted score that combines financial return (70%) with qualitative factors like enjoyment, stress, and growth potential (30%).
Tips for Maximizing Side Hustle ROI
- Focus on high-value skills: Side hustles that leverage specialized skills typically pay more per hour.
- Consider scalability: Look for opportunities where you can increase earnings without proportionally increasing time investment.
- Minimize startup costs: Lower initial investment means you'll reach profitability faster.
- Factor in enjoyment: A side hustle you enjoy is more sustainable long-term, even if it pays slightly less.
- Watch for hidden time costs: Include commuting, preparation, and administrative time when calculating your true hourly rate.
Disclaimer: This calculator provides estimates based on the information you provide. Actual earnings may vary due to market conditions, performance, and other factors. Tax implications are simplified and may not reflect your specific tax situation. This is not financial advice. Consult with a financial professional for personalized guidance.