Reading Time: 5 minutes Ways To Make Extra Money From Home
This is a collaborative post by Ellie Jo with tips to make money from home.
We could all use some extra money, whether it’s to save for a vacation, for a rainy day fund, or for some special gift or event; but earning extra cash on the side isn’t always easy, especially if you’ve got a full-time job already or you’re struggling to juggle all your household responsibilities.
Luckily there are some excellent opportunities these days to make extra money from home without too much effort. Setting aside a few hours each week to sort through some old books or reorganize your finances could substantially contribute to your saving pot. Below are some tried and tested ways to make extra money from home without too much effort.
Ways to Make Money from Home
Make your money work for you
When we think of the word ‘economy,’ we tend to think of politics and significant financial decisions that are out of our control. Still, the economy applies to our everyday lives as well. In particular to our household and the choices, we make to either spend or save. In many cases cutting back can mean the same as earning.
The first way to improve your economy is to ensure that you’re on the best deal on every product and service that you use. This means energy, insurance, credit cards, savings rates, debts, and anything else you can think of. Consider any investment opportunities, such as Everblu Capital. The idea is to go through your finances carefully, take each item at a time and look into it, making sure you are on the best deal in every area.
Often energy companies do not reward loyalty, for instance. It’s common for long-time customers to pay more for their energy than new customers. So it’s in your interest to make the switch. This simple task could earn you hundreds of extra dollars every year. Similarly, getting a reasonable rate on your savings account and switching your credit card debt to a zero-interest one can add to your annual earnings.
Off-load all the stuff you don’t use
Everyone has an accumulation of stuff in their home they haven’t used in years, or even looked at in some cases. It might be a set of old skis in the cupboard that you intended to use again but haven’t used in years. Perhaps it’s boxes of old books stored in the attic, a wedding dress, or tech devices like old phones, tablets, PCs, or consoles that are stuffed into drawers or gathering dust under the TV.
The key here is to be unsentimental. Weigh up what these items mean to you in terms of personal value and decide if you would instead turn them into a savings fund for a rainy day. There are lots of ways you can do this. eBay is an excellent place for selling all kinds of things, and Facebook marketplace is also gaining popularity. Many sites will accept old CDs, DVDs, laptops, and books. In many cases, all you have to do is type in the product description and receive fast cash.
Sell books on eBay and Amazon
Suppose you want to make extra money from home, one of the easiest ways id to sell books on eBay or Amazon. They don’t have to be your own books either, there’s nothing to stop you from going to charity shops or small book fairs to shop for bargains.
When you have a selection of books to sell, you can consider the best place to sell them. One of the most cost-effective but also time-consuming platforms is eBay. In this instance, you will have to scan each book and write up a product description. It may yield the best profit margin, but you’ll have to decide if it’s worth the investment of your time.
Amazon is perhaps a better choice. All you have to do is search for the book in their listings and write a short description of it. Your listing will stay active until the book sells. With Amazon, you can list up to 35 books per month for free, but Amazon will charge 15% of the total price, including postage. Take this into consideration when setting your prices.
Start your own passion blog
Don’t be under any illusions when it comes to earning an income from blogging, it can take years of dedicated effort to build up an audience and ensure they come back to blog time and again. But, if you are passionate about a subject and enjoy writing about it and sharing your thoughts anyway, the process is made a lot easier and can generate a good amount of passive income in the long-term.
There are many ways you can generate an income through blogging. The most obvious way is to advertise on your blog. Affiliate marketing is when a business or brand will add a link to your blog and pay you a small commission if someone clicks on that link and connects with their product. Another great way is to sell advertising space for banner ads on your blog. Businesses and brands will agree a commission with you to advertise in that space if your blog is relevant to their product.
Remember to choose a niche that you are passionate about. It can take a lot of consistent effort to make a blog work and become profitable, so you don’t want to be half-interested in producing content for it. Think of something you’re passionate about and research what niche that is in.
Open an eCommerce store
There are lots of ways you can open an eCommerce store from your home and make money these days. Platforms such as Shopify and WordPress make it easy to do so. You could create your very own online shop complete with products and distribution networks, or you could go the easier route and set up an affiliate shop. Affiliate eCommerce is an online store created by you that links to other stores who take care of the products and distribution. You will still have to do the blogging and marketing for it, but it can be an easy and straight-forward way to make some extra money from home.
Rachel is an Austin blogger, educator, mom, wife, young breast cancer survivor writing about health, saving money, and living a happy life in Austin, Texas.
Rachel has written for HuffPost and Hometalk and has been featured on KXAN, Studio 512, Fox 7 Austin, and CBS Austin.