Have an extra room in the house? Try renting it out on Airbnb.com. According to Smart Asset, you can pay up to 81% of your rent by listing one room in a two-bedroom home. If you're really looking to ring in the cash, renting out a private home or apartment is the way to go. According to Smart Asset's findings, rates for full apartments are significantly higher than those for just rooms, with annual profits ranging from $15,000 to $31,000 for a two-bedroom apartment.
Content is what drives web traffic. Websites are always pumping out fresh, new content for their readers, and they are always looking for writers! If you aren’t quite ready to launch your own blog yet, this might be a good option to see if writing is for you. Since competition is high, we don’t recommend starting from scratch as a freelance writer. Want to see success faster? Learn from a veteran, six-figure freelance writer.
Another great way to earn money from your home office is to sell your skills or knowledge by teaching classes through Udemy or Coursera. For instance, if you’re an exercise guru, you might start an exercise class in a large spacious area in your home. People are willing to pay to learn about many fields of knowledge, from cooking and gardening to soap or candle making. Playing a musical instrument, child birthing, dancing, dog training, yoga, and even foreign languages are all great topics for expert classes.
That said, lot’s of people are making extra money by publishing their own books on Amazon. For instance, my friend Bob published a few books on Amazon on how to make money blogging and has done very well. The first book provided basic tips for a small price, but his next book, Pro-Blogging Secrets, is offered at a premium price and he also has an online course.
Writing an eBook, like you said, is not easy. First you have to have something to write about, which often means that you need to be some kind of respected expert in the field you wish to write about.However, if you can get past the initial trouble of selecting a topic, becoming an expert, and finally writing about that topic, that’s when the hard part really starts….
I have been really disappointed with the survey gig. They underestimate the time they take to complete by like a third and often I find myself spending 10 minutes in what seems like a survey only to find out it’s a pre-survey qualifier, where it feels like I’m giving them so much personal information that I ought to be paid, but at the end of it I’m told I don’t qualify but the award like the equivalent of a penny or two to thank you for your time.
Another way to utilize your talent and business skills is to run corporate workshops online. Businesses are always looking for unique ways to help educate their workforce, and if you can package your talents into a day or half-day long session, you can sell that to companies all over the world to make money online. Start by building a portfolio and then reaching out on LinkedIn to influencers at relevant companies to see if they would be interested in you teaching their team.
Dosh: An up-and-comer among cash back apps, Dosh is quickly earning a reputation for offering some of the strongest cash back offers in the space. Pay with your linked card at 1,000s of stores and restaurants, and get up to 10% cash back automatically in your Dosh Wallet (in addition to a $10 sign up bonus). Refer your friends to Dosh and get $5 for each one who signs up and links a verified card.
During my high school days, I was a pretty decent golfer (about a 2-3 handicap, for you other golfers out there). I was asked by my local club professional if I would help him teach his junior golf clinics that summer. If you have specialized skill in any sport, there are definitely opportunities out there for teaching others the fundamentals (and getting paid).
The first follows the startup path we outlined above: You have a disruptive idea for an app or piece of software, you validate the idea with real customers, and then raise money to hire developers or a development studio to build, launch, and scale your software. If you’ve done everything right, your software will be accepted to the Apple and Google Stores and you’ll make money every time someone downloads it or pays for a premium feature.
People who are having trouble selling their homes these days and could use a second pair of eyes to stage their home for the quick sale. To help people sell their houses, your staging services need to get buyers to envision themselves in the property. This opportunity takes some passion and skill for the job. You’ll have to be comfortable telling people they need to remove clutter, rent furniture, etc. to get it in top selling condition.
Take good pictures. Some of the options below don’t require you to actually take the picture and sell the product, but for the ones that do, make sure you take a clear picture that makes your product stand out from the others. If you’re going to be taking a lot of pictures, set up a small “studio-like” area in your home with a backdrop and proper lighting to really make your pictures come across as professional. And of course, you’ll want a good camera too.
If you have a nice camera and a good eye, snapping a few photos might be just the thing you need to figure out how to make extra money. You can go as all in with this as you want. Maybe you only shoot family sessions and birthday cake smashes on the weekends. Or maybe you decide to start a business as a wedding photographer! The choice really is up to you.
Philip Taylor, aka "PT", is a CPA, blogger, podcaster, husband, and father of three. PT is also the founder and CEO of the personal finance industry conference and trade show, FinCon. He created Part-Time Money® back in 2007 to share his advice on money, hold himself accountable (while paying off over $75k in debt), and to meet others passionate about moving toward financial independence. He uses Personal Capital to track his wealth. All the content on this blog is original and created or edited by PT.
While this isn’t exactly a long-term solution for making money (since you have to pay it back), it is a reliable way to get some extra cash when you’re in a pinch. It’s also a great way to make money by saving money if you use a personal loan to pay off high-interest debt, such as credit cards. Since getting a loan is one of the easiest ways to make extra money, we felt we had to include it.
Furthermore, carefully consider your likely attendees, and what schedule would be attractive to them. For example, if you’re planning on teaching a tutoring class, you obviously couldn’t schedule it during school hours. Likewise, a class aimed at mothers of young children will either have to include babysitting services or be scheduled at night, when they’re more likely to have help with the kids. Find the delicate balance of times that fit your prospective students’ schedules as well as your own.
Your Price. When establishing a price for your classes, start by calling around and finding out what other choices your clients have. If you plan to offer cooking classes, call some commercial establishments and other in-home teachers. Compare your own talent and experience to what they’re offering, and set a price accordingly. You should always come in a little lower than classes offered by commercial establishments as that will be one of your selling points: expert information for less money.
This could be a smart strategy if you live in an area where real estate is outrageously expensive, or you don’t want the hassle and expense of traveling all over the country visiting potential properties. Plus, if you are new to single-family real estate investing, letting a place like Roofstock guide you through the process is a great way to get your feet wet.
Become a virtual assistant. If you have administrative experience and would like an opportunity to work from home, look into virtual assisting jobs at a site like virtualAssistants.com or TaskRabbit.com. It may take about a week to be processed, but the work is extremely convenient for stay-at-home parents or for filling in the gaps of a part-time schedule.
Being a blogger is one of the best ways to earn money online. Apart from this one can also make money by playing online real money games. Recently I have found a browser game – Wealth Words. It’s an online crossword gaming website where a user gets real cash money for solving the crossword puzzles right. You can add this to the list as well! It’s really entertaining to play and win.
Skill. If you’re going to sew for other people, your skills need to be far above average. If you’re a beginner or an average seamstress, wait until you improve their skills before attempting to earn money in this type of business. If people are going to trust their wedding dresses or their favorite sports jacket to you, you must be able to handle them with care and the utmost skill.
When it comes to at-home income, selling your unwanted stuff is the definition of “low-hanging fruit.” Even if you’re resolutely intentional in your purchasing habits, you surely have possessions that you can do without: old kids’ clothing and toys, disused sporting goods, out-of-fashion wardrobe accessories, electronics, entertainment, valuable but non-sentimental keepsakes such as watches and jewelry, broken-in furniture, dusty tools and outdoor equipment, and perhaps even big-ticket items like a motorcycle or second car.