The New Year is just around the corner and many of you may be wondering how to earn some extra money next year.
Luckily for you, there has never been a better time to make extra cash. The internet has provided us all with many new opportunities to make a little extra money on the side.
Maybe you just want to supplement your existing income, your saving for something special or just building a nest egg in the background. There are money-making opportunities for everyone.
In this article, we look at five ways to make extra money in 2020.
1. Become a Freelancer
It’s now possible to take any skill you have and become a freelancer. Companies are looking to reduce staffing costs and they can easily do this by hiring part-time freelance professionals for various projects.
Whilst freelancing used to be reserved for creatives like designers or artists, the freelance market now includes all manner of jobs including:
- Accounting
- Administration
- Consultation
- Content Creation
- Copywriting
- Design
- Marketing Executives & Management
- Personal Assistant (or Virtual Assistant)
- Planning & Operations
- Project Management
No matter your personal skills or experience it’s likely you can now use them as a freelancer to earn money on the side. Sign up to websites such as Fiverr, Upwork and Freelancer to see what is available. You can then send them proposals for their projects and if accepted they will commission you to do the work along with a brief and deadline. Money is then paid once the work is complete and the client is satisfied.
Freelancing is also flexible so you can plan it around your busy schedule and pick and choose the amount of work you are capable of doing.
2. Airbnb a Spare Room
If you have a spare room in the house and you don’t mind strangers hanging around every now and then you could rent a room out on Airbnb. People have also started to convert their garages and loft spaces into a room for the sole purpose of renting them out on Airbnb.
The Airbnb market has become lucrative within the last few years and there is seriously good money to be made. Especially if you live in a major city or a particularly popular area for tourists.
Whilst having strange people in your house may feel daunting it’s worth noting that guests usually keep themselves to themselves, they spend a lot of their time out of the house and they are also reviewed by other hosts. You can pick and choose who stays with you based on who they are and their reviews.
There is a lot of money to be made with Airbnb rentals, don’t miss the opportunity.
3. Teach English Online
The online English teaching industry is one of the fastest-growing industries on the planet and they are in dire need of English teachers. They also pay very well, you can earn up to $35 an hour with some companies.
You don’t need a degree in teaching, just a TEFL certificate which can be bought online. You will need to complete 120-150 hours of studying first, once passed you can apply to teach online with any number of online teaching companies. Once accepted, they will provide you with proper training and have you ready to teach within weeks.
Teaching English online is a rewarding and fun side job where you get to interact with great children and help them learn English in preparation for their higher education or future jobs. Most children you teach will be based in China or Hong Kong.
Some schools to consider working for include VIP Kidz, Dada ABC and Whales English.
4. Holiday Homes
Owning and letting out a holiday home is a great way to supplement your income. It requires very little work and earns great money in the background. You can choose to list your holiday home on Airbnb or Booking.com to start receiving bookings and making seriously good money.
Getting a mortgage holiday let has never been easier whether you need the mortgage on an existing or new holiday home. Once set up with a holiday home you can start to advertise online and depending on the area you could start making serious cash on the side. It’s well worth the initial investment.
5. Sell Your Stuff
No doubt your house, like many others, is filled with stuff you no longer need or want. Planning a day at the weekend to root through all your old stuff and deciding what to sell could make you a small fortune.
Whether it’s stuff collecting dust on the shelves or boxes of old things in your garage. Sift through the lot and decide what you can sell.
It’s never been easier to sell your things either. eBay is a good way of selling to people across the country or if you think people will buy locally you can use Facebook’s Marketplace completely free of charge. The buyers can then pop round to your house and collect when it’s convenient and give you cash on the spot.
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