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Ways of Making a Little Extra Money on The Side

spare room

Many countries are in a financial crisis due to several things. One of the main reasons is because of the Ukrainian and Russian war. Another reason is the aftermath of Covid-19, leading to a rise in cost for many materials. The cost of living has increased in the last twelve months and many workplaces haven’t considered this.  

If you are one of those people looking forward to payday every month, you probably need a side hustle. Luckily for you, there are many things that you can do to earn an extra income. Finding the time can be the difficult part when it comes to extra money. Nonetheless, there are a few things you can do which are not time-consuming. 

Buying and Reselling

Buying cheap products and reselling them for a higher cost is a good secondary income. However, this may be time-consuming for some people so you need to be smart. We would advise you spend an hour a night browsing the internet, trying to find affordable products. Moreover, there are many websites out there that you can buy and sell on. eBay, Depop and Facebook marketplace are all great platforms. You can even sell on Amazon!

An hour a night is not a lot, depending on how much spare time you have when you finish work. Some people only have two hours of relaxing time. Dont be looking for cheap products you can sell. Save it for the weekend. Spend a few hours at the weekend looking for affordable products that have the potential to sell for a little extra and you are onto a winner. 

Make Use of Your Old Phones

Some people will have a drawer that is full of old phones. If you are one of those people then it is time to sell them. Make sure you delete the storage and take the sim out. If the phone is in good condition, you will get a good price. Music Magpie is the common place where you can sell your old phones. Furthermore, if you believe you can get a little more extra than what MusicMagpie is offering, we suggest you sell it on eBay or Facebook marketplace. Just make sure that you have everything with it. 

Consider Delivery Service

Being a delivery driver is another good income that you can do on the side. Stay away from standalone companies as these will decide the hours when you work. Work for companies such as PostMates, Quiqup and many others where you can decide when you work. Furthermore, you could always be a delivery driver for UberEats and Deliveroo. 

Make Use of Your Spare Room

If you have a spare room then this is another good way of earning a little extra money. Renting out your room for a month is a great way to earn a bit of money, depending on how much you can trust them of course. All you need in the room is a bed, a storage unit for their clothes and provide clean towels for them. If you are not going to be in the building and you have trust issues then this is probably not for you. 

Social Media Management

Managing social media is another great side income and it isn’t time-consuming. Social media is something that you probably spend most of your time on. However, it is very different from a business perspective compared to how you are on social media so make sure you do some research. There is plenty of research that needs to go into the first few posts and a lot of initial research. Furthermore, the first few pages are going to be time-consuming so be prepared to give up a lot of time. Consider making video content for local companies that would benefit from it. 

Get Into Stocks and CryptoCurrency

Something that became popular during the lockdown period was stocks and cryptocurrency. There are so many money earners out there however this is arguably one of the best. You don’t need to do much and, can spend as much time as you want on it. All you have to do is deposit money into a stock or cryptocurrency and watch it grow. However, we must state that it isn’t always as easy as this. Plus, you can lose a lot of money with both stocks and crypto. Make sure you do enough research. If you lose money, many companies help deal with broker scams and sometimes can recover your money. 

Summary

There are many ways to earn extra money, some are more time-consuming than others. If you have the time to earn a little bit more than you already do, you should. It could be as simple as finding clothes in charity shops and reselling them. 

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