For many people, their regular jobs often don’t pay enough to sustain their lifestyles, or at least the one they aspire to have, so while they want to earn more, many just don’t have the time or means to. There are loads of ways to earn extra money on top of your regular job and we’ll look at 5 good options that many people will be able to do and take advantage of.
1) Buy and sell online
Selling your used clothes and electronics on platforms such as eBay is a great way of getting rid of things you no longer need and earning on top of that. Now, what if you started buying products, new or used, and sold them for a profit? Spending one day of your weekends scouring charity shops, discount stores or car-boot sales and posting your finds on eBay could earn you a decent amount of cash each week. From clothes to electronics such as cheap games consoles, many people who have done this have gone on to build legitimate businesses on eBay and beyond, even allowing them to quit their jobs in the process.
2) Teach
Since the pandemic began and the majority of teaching has moved online, the demand for tutors has skyrocketed. The reduced effectiveness of online classes with large groups of students have forced many to search for extra tutoring. If you specialise in a subject, why not spend a few hours a week becoming a private tutor online. Languages, maths and the sciences all have a steady and growing demand.
3) Freelance
Whether you have good graphic design skills, can draw, take photos, or even have a voice worth of voiceovers, there are thousands of freelance jobs online available now for almost anything. Sign up to sites such as Fiverr and Upwork, post your skills and qualifications, and apply for jobs for which you meet the criteria. Jobs such as these can be a one-off but lead to something more, and this really depends on both parties, but this is often a way of earning a decent amount without needing to commit too much.
4) Trade stocks
Now, this isn’t for the faint-hearted, but this is something we should all learn to understand. We all use big businesses, whether we shop at huge grocery stores, purchase from huge online retailers or travel on big airlines, so why not understand what these businesses do and profit from them? By learning the strengths and weaknesses of such companies, we can deduce whether or not their share prices are over or undervalued, or just right, and we can buy and sell accordingly to make a profit. This is now easier than ever to get involved thanks to many online trading apps such as Robinhood and eToro that you can set up and be trading in minutes.
5) Sell baked goods/unique food
Don’t we all have a “secret” family recipe for a dish or a cake, passed down from generations? If you think it’s that good, why not start by selling it to family and friends? You’d be surprised to know how many restaurants or food businesses had started like this, so give it a go!