The pandemic has hit many of us hard. Countless people have lost their jobs (through company collapse or redundancy) or found themselves on a reduced income (largely due to reduced working hours or reduced salaries). It’s not all too surprising, then, that more and more people are searching for more and more ways to make a little cash in place of, or alongside, their usual income. Now, there are a number of ways to do this. Of course, each will take a whole lot of work and effort. But all in all, it will prove worth it when you get the cash you need together. Aside from common methods of increasing cash flow – such as requesting extra hours at work – these options outlined below should help you to achieve your goal!
Selling Old or Unwanted Belongings
The first step you can take is to make some extra money and clear your house up – all in one step – is to sell some old or unwanted belongings. Now, you may be thinking you don’t have anything to sell. But if most of us are honest with ourselves, we do have some items that we just don’t use or actually like that much. Rather than leaving these items lying about, why not make some more money from them and clear the space they’re taking up? This is a win-win situation – plus, someone else may be able to get great use of your old treasures. Sure, this is a limited side income, but you can rack together a fair wedge of cash with it.
Do you have a skill that you can sell to customers on a one-off basis? Copywriting, graphic design, web design, product photography or something in a similar vein of work? If so, freelancing could be a great supplementary form of income for you. When you freelance, you take on projects from clients as and when you need some extra cash. You can determine your own workload, working hours and who you work for. Plus, you choose what you charge, determining the value on your own time. If you’re struggling to find clients, you should try advertising yourself in the same way you might a small business. Consider leaflets or posters from aura print. You should also set up your own website detailing your skills, a portfolio and contact details that will allow people to book you for work. Just make sure to register yourself as self-employed and separate your own taxes and other essential contributions, as this now falls under your own responsibility.
Believe it or not, with a little practice, trading is a great way to make extra money too. It’s much more accessible than the majority of people think that it is. In truth, this could fall down to media representations of trading in film and TV. When we hear “stocks and shares”, many of us automatically start to think of scenes on Wall Street. We think of countless phones ringing, business people committing their whole working lives to investing huge sums of money and tense scenes. But in real life, trading can be a lot more casual. You can invest small sums of money and monitor your shares yourself. There are a number of markets you can try out, from the stock market to Forex to options. Plus, there are plenty of apps out there that will help you through the process too. If you still feel nervous, you can always practice on stock simulators first. These allow you to engage with the market in real time – just not using any real money.
Do you spend a lot of time on social media? Do you have a significant following? If so, you could always try influencing. Social media influencers are people who have extensive follower lists. Businesses will show interest in you, as they are aware that people are looking at your content. They are likely to pay you to feature their products on your page. Most influencers charge for this service. You get to determine your own price. This could be money, or, if you particularly like a brand or product that’s trying to collaborate with you, you may accept payment in the form of gifts or products from the company.
Sure, there are other ways to whip up cash. But some of the methods outlined above can prove extremely effective and help you to generate more money as and when you need it! Give some a go and see how you get along. If you find that something isn’t working for you, you can always move on to try another step out!