This contributed post is for informational purposes only. Please consult a business, financial and legal professional before making any decisions. We may earn money or products from the affiliate links in this post.
These days, most of us are looking out for ways to make some more cash on the side of our day to day jobs. Supplementing your income with an extra job is a way to save up for a big-ticket item that you’ve got your eye on, or a way to make sure that you can afford a day job that’s a poorly paid stepping stone on the path to something that you’ll love to do. Here are some tips on how you can make some money on the side.
Rent Your Spare Room
If you have a spare room in your home, why not let it out on Airbnb? It’s a great way to make some extra money easily, while potentially making some new friends as well. You need to make sure that the room is in good condition – invest in a decent mattress, nice quality sheets and a good TV, along with a kettle in the room so that your guest can make themselves tea or coffee in the morning. You’ll also need to remember to keep that room absolutely spotless when you have a visitor – and you should also know that it isn’t always easy to have someone that you don’t know in your space. Vet them carefully before you agree to their let and remember that you get to maintain control over the entire business – you decide when your home is open to let, what parts of the house your guests can use, and what rules they need to adhere to while they’re there.
Rent A House
If you’re lucky enough to have some real estate on your hands, why not try renting it out? You may be tossing up whether you should rent it out or sell it, and selling it might win because you’ll get a bigger initial lump sum without the worry of dealing with renters, but if you rent the property then you’ll have a steady income source for a long time. A property management company can ensure that your property is in good condition and can act as the middle man between you and the people who are living in your property, meaning that you won’t have to worry about a thing.
Fix Up Used Items
If you have a passing interest in working with your hands, why not start a restoration business? There are few things more satisfying than buying older pieces and restoring them to their previous glory or even using your artistic skills to make them into something even better. Then you can sell them online or to a local antiques store, and make some money from doing something that you enjoy. There are a huge range of different items that you could choose to invest in, from items of furniture to old toys to even vintage cars that you can sell on to collectors. You could also start your own vintage clothing or jewellery business, which you can advertise online using social media sites like Twitter and Instagram. If you’ve got a good eye for fashion, that could be absolutely ideal.
What About Pet-Sitting?
If you love animals, what could be better than getting paid to look after people’s pets while they’re away? If you work from home, you could even expand that idea and walk dogs in your local neighborhood over the course of the day while their owners are at work. Before you decide on this plan, you need to decide how much time you have to invest in it – if a pet owner goes on a trip and asks you to look after their dog, you may be staying in their home or taking the dog into your own home, but if they have a cat, you may be getting paid less but only going in a couple of times to feed and play with the cat and clean out its litter tray. No matter what you decide to do, it’s a dream job for anyone who enjoys spending time with animals.
If you work in the education system or you have an advanced degree, tutoring could be something that you can do in the evenings or at weekends, or even during the school vacations if you’re a teacher. Make sure that you’re aware of local curriculums and subjects before advertising your services, and when you have potential students, talk to them and their parents carefully about what aspects of subjects they feel confident about and what they’d like extra tuition on. A lot of tutoring is about breaking down concepts so that they’re easily understood, alongside building up young people’s confidence, so if that sounds like you, it could be a great fit.
Making a little extra money has never been so easy – these ideas will have your bank account boosted in no time.