6 easy ways to make extra income from home

extra-incomeModern life can prove to be tough on the bank balance at times, especially for parents with young children who struggle to juggle earning a living and taking care of the little ones, often having to fork out for expensive childcare. It is little wonder that more and more Australians are looking for ways to earn extra income from home, and in the age of the internet there is now a wide range of job opportunities online for an even wider range of skills.

Here’s 6 ways to earn extra income without leaving your front door:

1. Freelance writing

There are lots of companies out there looking for freelance writers and although an English or Journalism degree would put you at a clear advantage, there are little pre-requisite skills for these posts. Just good grammar and a way with words. There are many freelance-specific websites such as elance.com offering jobs of all descriptions and lengths, and as long as you have half-decent research skills, there’s no need to be an expert on the topics. Pay varies according to technicality and length of each project but if you have the time and skill there is money to be made!

2. Data entry

If you have a decent internet connection and good typing skills then you may wish to look into a home-based data-entry job. Be sure to find jobs on reputable sites and never pay money up front. Again elance.com is easy and free to use and with somebody being hired every 60 seconds, you are sure to find something that suits your needs. These home-based data entry jobs are flexible and can easily fit around your schedule.

3. E-bay

E-bay is an efficient and accessible way of making money at home. If you’re looking for a bit of extra cash to boost your bank balance, having a good clear-out and putting your old stuff up for auction on E-bay is a simple way to do it. If you’re looking for a more long-term solution and have a product to sell, setting up an E-bay shop takes a lot of effort but if you have good ratings and are willing to invest your time, you can make a decent living from the comfort of your own home. E-bay does charge a monthly subscription for the shop feature as well as fees for listings but with more than 2 million visitors per day, the benefits are obvious.

4. Tutoring

If you consider yourself to be an expert in a certain field, be it academic or not, then you have a good chance of making money by advertising yourself as a tutor online. University and high-school students often look for tutors for an extra helping hand, non-computer literate people need help with their understanding of computer systems, the internet or SEO and there are always people looking to practice a foreign language or English with a native. Whatever your skill there is sure to be someone who can benefit from your teaching and you can make money by doing what you’re good at, you just have to advertise yourself.

5. Renting space

A great way to earn a little extra money with minimum effort is to rent out your space. There are now several websites for people to advertise extra space in their homes such as Parklet, a parking space rental website that finds people to rent out your drive or other space and even negotiates the contract and collects the rent for you. If you live in a particularly popular area, close to a major attraction or airport, there could be serious money just sitting on your driveway!

6. Online surveys

One of the easiest ways to make money is through online survey websites such as Opinium or Inbox Pounds. These websites won’t make you rich by any means but if you fill in enough surveys in your spare time you could easily earn an extra $85 per month to put towards bills or other expenses. Be sure to avoid sites that charge sign-up fees and create a separate e-mail if you can, to avoid your regular account being inundated with survey requests.

The information in this article does not constitute legal or financial advice. If you would like to discuss any of the above in greater detail, please contact your local Axis adviser.

Image Credit: William Ng