10 ways to make Extra Money

makemoney

  • Do you want to make extra cash and still have your full-time job?
  • Are you studying full-time but want to make extra cash on the side?
  • Are the bills piling up and you need extra income to clear your debt?
  • Have you been made redundant and need money to get going while you find another job?
  1. Selling on eBay: This is probably the easiest way to make extra cash (at least in my opinion). It takes about 30 mins to get started on eBay. EBay is a place you can sell used and new items, for some if you look around your house you would find something that has no use, so why don’t you sell it and make extra cash and also have a cluster free life. If you have a good eye for things that you think people would like to buy, you can do a little research online to find deals and how to get it cheaper and start selling it on eBay for a profit. Remember, if you are selling for profit making, you should open an eBay business account and register the company. Did you know you can register as a sole trader in less than 20mins online? There are a lot of websites that allow you to achieve this without using an accountant. This article is a summary and I will go into detail at a later time. I will tell you where to find deals, how to negotiate, what to buy and etc.
  2. Buying financial Assets: Financial investments are shares, bonds, ETF’s, mutual funds etc. This requires a lot of dedication, risk, money and research. If you have limited funds I will suggest you don’t use this method to make extra income. One advantage of getting extra money via financial investment, is the ability to earn passive income (passive income is income you enjoy regularly without having to do anything an example is a dividend you receive from owning shares in a company or interest from bonds or prize draws from premium bonds). This is a big topic that I would deal with in a later post.
  3. Tutoring: Are you the smart intelligent book worm? If you are, then that’s great news for you. If you have a full time job or studying, you can tutor in the evenings or/and weekends. It’s a great way to make that extra cash plus the money can be REALLY good. If you really want to do this, but have no idea on how to start, I will highly recommend you use Gumtree to advertise yourself, and word of mouth, make sure you tell friends and family members. You only need 2 or 3 students to make a good income. If you need motivation I have that too. I remember paying a tutor £200 for 3 hours of work to help me out with University work and I found him through Gumtree. If you like to tutor but you don’t think you can handle University students, then just put an advert for what you feel confident doing, Gumtree is a great place to advertise your talent. For more ideas on how to make money tutoring, please leave a comment below and I will make a separate blog post about it.
  1. Blogging: Blogging is fun to be honest, and you really need to blog about something you are passionate about, or else it will become a burden. Just like being a YouTube, you really have to start blogging as a hubby rather than having the mindset of making money. You won’t see any income from blogging immediately so if you have a get rich fast mentality, I say think twice about this option. If you like travelling, all you need to do is take quality pictures of your travel destination and show your readers. If you like fashion, beauty, tech stuff etc. There is no rule, just do what makes you happy and willing to come back to on a regular.
  2. Writing an eBook: These days writing an eBook has been made easy. What do you like to do? Or better still what do you enjoy doing? These are questions only you can ask yourself. I want to share a few ideas here. Do you like cooking? Then get creative, start writing recipes, if you wrote one recipe a day, in a month you should have 30 recipes. Ok ok ok, that’s a bit extra, but if you create one a week, in 5 months you would have created 20 recipes. Are you good with technology? You can create a “how to do” list and help someone who is not computer savvy as you are.
  3. Market research online: Doing Market research for companies is another way to make extra money. There are a lot of companies looking for market researchers, and all you need to do, is find them. Use LinkedIn, search on Google.
  4. YouTube: Out of the 10 I have given, this is one of the slowest ways to make extra cash. It takes time, money and confidence. You really have to be patient and be willing to get a punch in the face when you say something wrong. I know I started by putting you off but it’s the truth and the truth is bitter. This is certainly not for the people who are desperate to start making extra income fast, you shouldn’t aspire to make extra income in a rush either because you might get disappointed when reality hits you like a thunder bomb. You have to start YouTube as a hubby in order for you to grow well. I can’t tell you exactly word for word how to go about starting a YouTube channel but I can recommend good videos for those interested.
  5. Photography (selling your pictures): If you are talented in this area, it’s a win for you. However, you really don’t need to be a professional to get extra income from taking great pictures. I know people who are not professionals but have a good DSLR camera, which they use in taking very good pictures. These days you don’t need to spend a lot of money to get taught how to use a DSLR, because there are hundreds of videos on YouTube to teach you the techniques. Once you have mastered picture taking, you can sell the pictures online or you can upload the pictures on instagram to build following and recognition. You can also get bookings for weddings and children parties on the weekends if you have a 9-5 job or studying.
  6. Babysitting: Babysitting is a good way to make extra cash. If you already have a full-time job, this is probably going to be a weekend gig. You can sign up with a few agencies online or help a friend or family, but you can’t just advertise yourself except you are certified.
  7. Uber driving: This is another easy one, all you need to do is to go on the website and follow the instructions on how to become an uber driver.
  8. Bonus (teaching language) with italki: Ok, so this one is pretty good, italki is a platform used for people interested in learning a language, if you are bilingual, you can offer your services and get paid online. The cool thing is that you really only need a laptop and internet to get started, and you can start earning almost immediately.

These are My 11 ways to make extra income, this list is not exhaustive and there are other ways. Please feel free to like this post and follow my blog, share with a friend, and PLEASE share your ideas on the comment section below on your ideas of making extra cash. This might help someone out there. The pictures are not mine. Thanks for reading