Earning money from home is easier than you might think. There are a lot of ways that you can make some extra cash without having to leave the comfort of your sofa, and they might be easier to manage than you’d think. To get the most out of them, it may help to try a few different options to maximize your income streams.
It is important to note that some of these options may take a little while to start generating money. Even after you’ve started making some cash, it can take even longer to make a significant income.
Start a blog
Blogging can be highly lucrative if done well. You will need to decide on a niche topic to help you compete with the many other bloggers out there. You’ll also need to offer a fresh perspective and be knowledgeable about your topic. It can take some time to build a following that will allow you to monetise your blog, and you will need to post consistent, quality content to find and keep readers interested.
Once you have a following, there are a variety of ways you can earn money with your blog. You could offer to write sponsored posts for brands, use affiliate marketing or host adverts on your blog site.
Sell your unwanted stuff
If you’ve decluttered recently and are looking for a way to get rid of some of your unwanted stuff, selling it online can be a great way to earn a little extra cash. Anything you sell will need to be in good condition, and you’ll need to price it appropriately. Things such as near-new condition clothing, electronics and furniture can sell for a decent amount online. If you have any designer items, these can make the most money when reselling. You could list your items on free sites like Facebook Marketplace or auction sites like eBay.
Offer your skills on a freelance basis
If you have desirable skills that businesses could use, you could consider going freelance in your free time. Things like proofreading, copywriting, programming and IT support can be done easily from your own home. You’ll need to learn how freelancing works and how to handle your taxes if you do a lot of freelancing.
Try out house sitting
This one isn’t sitting on your own sofa, but the result is just the same. You could offer your services as a house sitter in your local area. People going away on holiday often like to have someone taking care of their house to ensure it stays secure. You might also be expected to water plants and care for pets while you do so.
Tutor students online
If you are knowledgeable on a particular subject, you could consider tutoring students online in your spare time. You’ll need access to a video chatting platform like Zoom. Many people looking for tutoring will be looking for someone with qualifications, so it may help to take a course to prove your expertise in the area you’ll be teaching. There are also options like teaching English as a second language which can be ideal for fluent English speakers.
Refer friends to your favourite services
Many businesses offer bonuses to customers who recommend friends to them. This can be a great way to earn extra cash with minimal effort. Typically, these offers have benefits for both the referrer and the referred, so it can be a win-win for you and your friends and family. A great example is the Refer & Earn scheme from Lebara, giving customers the option to earn money from home by recommending Lebara to their friends and family.
Hire out your car
If you don’t use your car as often as you used to, renting out your car can be an excellent way to make money. There are plenty of ride- and car-sharing websites to choose from, and all you need to do is find the right one and list your car. It is vital to ensure the service you select vets those looking for a car thoroughly and that your insurance covers people loaning your car.
Write an e-book
If you’re a keen writer, then self-publishing your own e-book could be a great way to earn money. More and more people have been eschewing the traditional ways to publish a book through publishing houses in recent years. It’s easier than ever before to get a book published by listing it yourself on sites like Amazon.
Do online surveys
Online surveys can be a great and simple way to earn money. It is important to note that it may take some time to take enough surveys to start making money. Many survey providers also pay users in vouchers, so this may not suit everyone. It is a good idea to research the options out there and the payment methods to find the combination that you like the best.
Open a high-interest savings account
A high-interest savings account can help your money go further without you having to lift a finger. Putting your extra cash into a dedicated savings account can be invaluable no matter how much you have in savings. It can help ensure you don’t accidentally dip into your savings and give you a better return on your investment.
Take out premium bonds
Premium bonds can be a great investment. They work as a lottery; with the number of premium bonds you have determining the number of entries you have. The prizes can range from the tens of pounds to the millions. Naturally, the larger prizes are rarer, but the more you have invested, the higher your chances of getting a bigger prize.
Enter competitions
Competitions are often free or cheap to enter and can potentially offer significant returns. While most competitions might be challenging to win, the more you enter, the better your chances. You could consider entering competitions to win material prizes and then sell off any items you win. It is a good idea to look for a range of competitions to enter.
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