Earning more money is always welcome, but with busy lives and work commitments to manage, it’s hard to see where additional income could come from.
Side hustles, as they are known, are a great way to increase your income, plus they allow you to explore ideas that often don’t require any investment or large time commitments.
There are many different opportunities, whether in person or online, so there will always be something for everyone.
I’m Lisa Johnson, a global business strategist who runs That Strategy Co, helping ambitious people create passive and semi-passive income streams – that is, regular income from a source other than their employer.
I’m the Sunday Times bestselling author of Making Money Online, a 46-year-old mother of twins who went from being £35,000 in debt to earning £16 million in just six years – and I teach others how to do it. also.
Lisa Johnson (pictured), 46, went from being £35,000 in debt to earning £16million in just six years.
Much of what I teach is based on making the most of what you already know, and this is a good starting point for thinking about what you could do to supplement your income.
But sometimes it’s not just about looking at what you know but what you may already have. This can also be very useful to add some extra income.
The list I’ve put together below looks at both options and has a lot of variety. Good luck!
1. Turn your knowledge into money
First, think about how you could turn your knowledge into something others need.
Memberships and online courses are what I know best (and what I’ve helped thousands of people around the world do), and it’s a fact that everyone has something that others would be interested in learning!
If you can create a course or some type of online learning, it means that you will no longer be restricted by the number of hours in the day and your product can continue to be sold without you having to be there in person.
Remember, an expert is simply the person who knows the most about a particular topic in an average-sized room, so think about what you know!
Lisa is a global business strategist who runs That Strategy Co, helping ambitious people create passive and semi-passive income streams.
2. Run your home like a business
As a business owner, you need to know your expenses and income – why should your home be any different?
Do an audit of household bills. Review everything your family spends in a month, then visit bill comparison websites and see if you can get things like mobile phones, electricity or savings cheaper or better with another provider.
Don’t forget to unsubscribe from those products that you no longer use; This way you can save a small fortune.
This is something we should all do at least once a year, as it’s easy to stick with the same companies when we could make considerable savings by comparing prices.
3. Get paid to watch TV
This might be the best gig for some people! Sign up to websites like theviewer.co.uk and join a fun research panel where you can earn up to £150 for up to six hours of your time.
It’s free to sign up and you’ll earn money for doing virtually nothing more than giving your opinion on topics like your favorite show as well as new shows that are in development.
There are also prizes on offer. Pass the remote!
Lisa, Sunday Times bestselling author of Make Money Online, is also a mother of twins (pictured).
4. Earn money from your spare room
Whether you have a loft you’re not using or there’s a room you can convert into an extra bedroom, don’t let the space go to waste.
Make the most of the government’s Rent A Room scheme, which allows you to earn up to £7,500 tax-free by renting out your home. Spare Room, Roomgo and Airbnb are just a few of the sites to consider.
This is classic passive income, since your room is already there, meaning no investment is required on your part.
You will receive your payment 24 hours after the guest checks in, which means you will avoid problems or scams.
5. Rent your vehicle
With the rise of working from home, more and more people are moving away from train stations.
So, if you live close to one, the city centre, an airport, a train station or even a football pitch, it is worth considering renting out your driveway as you could earn up to £350 a month.
Check out sites like Parklet or YourParkingSapce. You will pay a commission
Lisa believes that everyone is an expert at something and encourages people to monetize their expertise by hosting online courses.
6. Earn money with your free space
Earning a few hundred pounds a month simply by allowing others to store things in your garage, shed or loft is nothing to sneeze at.
Yes, all income needs to be declared, but £1,000 of that amount is tax-free. Check out Stashbee.
7. Get rid of old phones and technology
Every home has them; drawers from old phones, cables, game consuls. There’s no point in leaving them sitting there: you could earn around £8 just by flogging an old iPhone case, or £22 for an old remote control.
Sites like eBay, Facebook and Gumtree are perfect. Remember, one person’s trash is another person’s treasure. Plus, you will order at the same time.
8. Sell old Lego
Sites like Music Magpie will pay for your mountains of Lego bricks that are probably collecting dust. Payment is calculated based on weight and is 3 pounds per kilo.
While you’re on the site, you’ll also pay for your old CDs, DVDs, and games. Please note that they must be original Lego bricks and must be in good condition.
Post it to the site following the instructions on the website and you will be paid via PayPal or bank transfer.
She says another way to make money quickly is by renting out your spare room on Spare Room, Roomgo or Airbnb – the government’s Rent A Room scheme lets you earn up to £7,500 tax-free.
9. Have a cleanse
Be ruthless and declutter your closet by taking away all the clothes you no longer wear (or have never worn).
There are plenty of websites to sell your unused clothes, from Vinted to Vestiaire Collective, covering everything from high street to designer.
Additionally, by selling clothing online you are reducing waste and extending the life of your items. So instead of ending up in landfills, someone else can continue wearing and enjoying your clothes.
10. Leaving home
If you’re a fan of our furry friends, pet sitting or walking is a great way to earn some extra money.
Around 50% of British families have a pet and many of them will want to go on holiday without their little companions.
Likewise, if you like pets, you may choose to take care of cats while the owners are away or walk dogs in your free time.
Millennials are apparently currently the most pet-owning generation, reportedly spending more than £1.7 billion a year on their pets. So if you also consider dog walking for busy people, this is a great way to increase your income.
I hope this has given you some ideas, but remember that there are also hundreds of other ways to increase your income.
- Lisa Johnson is a global business strategist who runs That Strategy Co, helping ambitious people create passive and semi-passive income streams.
