How is your financial situation at the moment? Maybe you have stretched your budget as much as you possibly can. Now is the time to look at ways to bring in additional income. You know, ideas to add money to the household pot. Let's have a look at 10 ways to bring in additional income.
Set Up A Blog
Did you know that bloggers make money? Some make a full-time wage from it, while others make enough to help put towards the bills. Setting up a blog can be fantastic for your finances. By running adverts on there, hosting paid content and allowing companies to tap into your audience whilst paying you, the blog can be a brilliant way to earn additional income. Choose your niche, write your content and get it in front of people. Sure, it's not going to make you money overnight and your blog might take time to grow. But who knows where it could be this time next year?
Print On Demand Business
If you fancy running a business but don't want the hassle of having lots of products in your home, why not start a print-on-demand business? You can enjoy the fun of creating the designs and choosing the products available, along with promoting the business, whilst the printing and packaging side of things is handled by a third-party printer. They will, of course, take a cut of the profits but you can enjoy bringing in that additional income without converting your kitchen into a warehouse. This is a great way to get your business started!
Freelance In Your Spare Time
Do you have the skills that companies need? Maybe you are a graphic designer, create websites, or love the idea of being a digital buying assistant like those at Raiven. If so, you can freelance in your spare time. There are lots of businesses that don't have the amount of work required for a full-time employee, so they will look for a freelancer to help them out. Regular gigs like this can help you bring in additional income, and develop your skills and it could even lead to a job down the line. Make sure you charge what you are worth as you'll also need to take into consideration that you'll need to file a self-assessment tax return when you are working like this.
Clear Out Your Belongings & Sell Them For Free
How much stuff do you have in your house that you simply don't use anymore? Things you don't want and maybe clothes that no longer fit you. Now is the time for a clearout. Don't just bin it all though. These things have value. Make use of fee-free platforms such as Facebook Marketplace to try and sell your unwanted belongings. The great thing is that they are easy to list and the buyer usually collects pretty quickly! Additional income whilst decluttering is fantastic for your finances and pretty therapeutic too!
Complete Online Surveys
Online surveys are a great way to make money in your spare time. One of the best things about these websites and apps is that they detail how long, on average, the tasks take to complete, along with the price that you'll be paid for your time. This means you can figure out what you can do in the time you have, which could be waiting for the kids to finish their sports class. Use ten minutes here and half an hour there to complete online surveys and start to enjoy that additional income.
Take Part In Market Research
Have you were wondered how companies come up with new products? How they get feedback on a new TV show or develop ideas to bring something new to the market? They ask a selected group of people via market research. This can actually be a lucrative way of spending some of your spare time. Some of the market research tasks might be in person but these days many of the companies running these are doing them via video chat, so you don't have to go anywhere! You could get £50 for an hour or your time or much more if you are required for a lengthier period, or if there are other tasks to do such as keeping a diary.
Deliver Food
Lots of people order food. That means that there is a requirement for delivery drivers. By using an app such as JustEat or Deliveroo, you can accept jobs, and collect food from restaurants and fast food places, before delivering them to customers. Some drivers can make up to £16 an hour doing this. You can work when you want to and accept the orders you wish. Perfect for earning additional income around your other commitments!
Shop Via Cashback Sites
How do you shop online? If you go directly to the retailer you want to buy from, you are missing out on free money. You are actually paying more than you need to. There is a way to keep more of your money in your pocket and that is by using a cashback website. Retailers pay these sites for sending them customers, and websites such as Quidco and Top Cashback will split some of that money with you. You could earn 5% for shopping at a supermarket or 10% for buying from your favourite fashion outlet. It could even be a flat fee for taking out a new insurance policy or broadband deal. Start shopping via cashback sites to keep hold of more of your cash!
Sell Digital Products
If you have the skills to make digital products, these can be a great way to make additional income. The huge plus point is that once the digital product is made, be it a workbook, planner, or even an online course, it can sell over and over again. So those few hours that you have put into the creation, can continue to bring you money years down the line. There is no limit to the number of times these things can be purchased and downloaded, all you need to do is promote them!
Related: How to start a planner business
Rent Out Your Room, Garage Or Parking Space
Did you know that you potentially have valuable assets right there in your own home, that people will pay you to use? Whilst you might not want to be a landlord, if you have a spare room, you could rent this out. The UK average for room rental is £626 per calendar month. Becoming a landlord and taking in a lodger sounds a bit better now doesn't it? Of course, you could rent it out for storage, or if you have a garage that you don't use, this could be rented out for storage or for someone to keep their vehicle or even campervan or caravan in. Speaking of vehicles, if you have a driveway with space, you could rent this out to people who are looking for somewhere to park. This is ideal if you live near a hospital as you could undercut the price of hospital car parks and even get a regular nurse or doctor paying you, rather than the pricier hospital charges. Well worth looking into if you are close to an office block or football stadium too.
Now we've explored ten ways to bring in additional income, all you need to do is figure out which idea is perfect for you and put it into play. The money will soon start rolling in, making life that little bit more manageable.
