Earn A Second Income In Your Spare Time
So many people feel unsatisfied with their jobs. This often comes down to a variety of things, but one of the main sources of frustration for the average employee is their salary. You might feel as if you earn nowhere near enough money for the work you do, or perhaps the problem is simply that your earnings aren’t enough to give you the financial stability you desire in life. One of the best remedies for this is to start making extra cash at home. Let’s talk about some ways in which you could start earning a second income during your spare time.
One of the best ways to earn a second income during your spare time is to start freelancing. You might have a particular skill that could easily be turned into cash. Perhaps you could even put skills from your profession to good use. The great thing about freelancing is that you get to keep all of the profits too. Take a look at sites such as Fiverr. You can sell all sorts of services there. You could write marketing copy for companies, or you could sing silly birthday messages for people. Freelancers sell all manner of intriguing services on that website.
Creating your own website is always a good strategy too. That way, you don’t have to pay any commission to anyone else, and you have more freedom with regards to the business model you create. There’s a money-making path for anyone. You don’t need to be a professional marketing expert or photographer. You could make money by becoming a life drawing model if you wanted to do so. The point is that the world is your oyster. Find a good business model that works for you on a part-time basis, and start building a client base.
Rent out a property
This is a smart way to earn money for people who have a little bit of spare time but don’t want to spend it working as hard as they do during their 9-5 hours. If you own a house or a flat (or sub-letting is allowed within your contract), then you could rent out a spare room to somebody. That’s a great way to supplement your income. You could even buy a property to rent out if you want to fully commit to real estate development. You might even want to check out some conciergerie Airbnb services. That way, you’d have professional help to manage any properties you decided to rent out.
Will Pointing from money saving blog GreatDealsMadeEasy.com (link) rents out his spare spaces in his flat. He makes £125/ month for renting out his garage via storage broker stashbee. He doesn’t have a car and is a bit of a minimalist (just a bicycle), so he was able to rent this space out to a stranger off the internet who needed it more than him. It’s helps the person out too, as the usual storage lock ups are often £200 and upwards a month. Will Pointing also uses Airbnb to occasionally rent out bedroom if he is away. The key tip is to ensure your flat is clean and the lighting is good when taking photographs of your flat, to make it enticing! For the first guest try and get that 5 star review for repeat bookings!
Sell things online
Perhaps you don’t fancy freelancing when you already work full-time, and perhaps you don’t have a spare room to sell. However, you might have other things at home that can be sold. It might be time to declutter your house and see if you can find any gems that would be worth selling on eBay. Obviously, you’ll have a finite number of disposable things, but if this is a hobby that you end up particularly enjoying, then you could start upcycling. In other words, you’d buy things online, spruce them up, and sell them for a profit. It can be a great way to earn a second income during your spare time if it’s something that you actually enjoy doing. There are lots of ways to make a living off sites such as eBay, so it’s worth taking a look at the things you own or the things you might want to buy and sell if this is a money-making route which appeals to you.
Start a Blog
A blog can be a great way to earn a second income! However, you need to know that making money from your blog doesn’t happen overnight! You need to put time, effort, research and (a small) upfront cost.
Blogging is my favourite second income stream because I’m working for myself and the income potential is up to how much I want to put in. If you have an interest that you want to share with the world, and enjoy writing then I highly recommend starting your own blog!
Having a second income can, in many cases, vastly improve your quality of life. Earning extra money will allow you to pay off any debts, save for big purchases, and allow you the freedom to do more of what you enjoy without worrying about the bill. There are tons of side hustles, investment choices, and work from home opportunities you could consider when it comes to adding to your income.