How To Earn a Six-Figure Income in the Sharing Economy

NEW YORK (TheStreet) — It may be time to quit your day job.

Just ask Redd Horrocks.

Two and a half years ago the Las Vegas resident was making about $52,000 a year as a stage manager for an event production company and was in search of a second job to help pay off debt.

Before long she came across Fiverr, an online marketplace for individuals selling creative and professional services, everything from graphic design, to writing, translation, illustration and marketing.

Horrocks, who has a degree in communications and worked in theater for years after college, offered voiceover services on the site. Business was slow initially; she received just a few orders here and there. But before long orders increased exponentially and after one year, Horrocks had more work than she could handle.

"Two and a half years later, it's my full-time job," says Horrocks. "I work between 30 and 40 hours a week, but I never work more than five hours a day. And I'm making twice as much as I was making before at a regular day job. I'm working 30 hours a week and making six figures."

It may sound too good to be true, but it's not. Horrocks is just one example of individuals who are earning decent money from booming sharing economy websites such as Fiverr and TaskRabbit.

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