If you’re not in full-time employment, or if you are and need a little extra money without that commitment of getting a part-time job where the idea of somebody else dictating where and when you have to work isn’t going to fit your current lifestyle then you could well be thinking of ways to make a little extra money for a specific purchase or just to make life that little bit easier on your wallet.
If you’re going to start making a supplementary income then you really need to be above board as soon as you start making any money.
You should certainly inform the Inland Revenue of your actions because if you don’t you are liable to face a fine if you’ve already begun trading and they think you’re trying to dodge paying any taxes. It’s not complicated though; even completing a self-assessment is pretty straightforward and can be done online. Everything you need to know you should be able to find on the HMRC website at: www.gov.uk/government/publications/setting-up-in-business-se1
If you’re going to be working from home there are instances when you’ll need to check your home insurance for any level of cover you may need and also it’s worth investigating if you’d need to let your local council know what you’re planning if your new business idea impacts the usage of your home or property.
Use your existing skillsets
If you’ve already got a range of existing skills such as previous experience working with security monitoring service then trading on those seems to be the best place to start. It’s more than likely going to be the way you can earn the best rates of pay. So if you have any of the following why not consider putting them to work and reaping the benefits?
Graphic and website design
We all live on the Internet now and there are so many options in how to utilise your design or programming skills to earn extra cash. You can opt straight for sites like Upwork, Fiverr or Freelancer who will match you to clients who need your services. You may choose to advertise your skills direct to the social media platforms like Facebook, Twitter, YouTube or Pinterest. They’re all great ways of letting the world know you’ve got skills and are ready to use them.
There are also websites who will produce products for sale using your design work; websites such as Zazzle, Café Press, Spreadshirt or Pikistore; they all print your artwork onto various items from t-shirts to greetings cards leaving you to reap the profits.
Do you speak a second language?
With a second language under your belt why not check out websites like Gengo or One Hour Translation? There are a range of websites who are looking to pay people for translating all kinds of text and copy.
Or with the aid of a webcam and microphone you could offer private tuition. You don’t have to limit yourself to picking up that kind of work from local students anymore — if you choose to utilise the Internet then world is now your new marketplace.
Once upon a time it meant studying and passing rigorous testing to become a taxi driver but Uber have made making a living from passenger delivery a much easier way to earn a little extra. And if you don’t like passengers all that much why not consider delivering fast-food or mail order items? There are a lot of owner-driver opportunities in those markets for someone willing to take the plunge.
Write for a living
You don’t have to be J.K. Rowling to make your millions from writing. Of course if you’ve got it in you to write a best seller than what are you waiting for? But for anyone else with a good command of the language then you can make money writing for the Internet now. You can write and sell e-books; they could be fiction or educational. It’s not the same huge commitment and risk as writing a novel because a lot of e-books can be much shorter, novellas and short story collections are great options to write and sell while you’re putting the final touches of your version of War & Peace together.
A very popular way to make extra money writing now is to write blog articles. It’s a big business for SEO, driving traffic and digital marketing and there are a whole range of places you can apply your services. You can start by applying to write for content sites but once you’re up and running you can use those articles to sell your ways to the digital marketers who really need your skills.
Baking and decorating cakes
The cupcake craze a few years back boosted the work of bakers everywhere. A few well-placed examples on social-media easily gives someone with a talent for creating amazing birthday, wedding or special occasion cakes a great platform for a perfect home business.
The amount of craft selling websites available have made the home-craft industry into something a lot easier than selling your wares in the local village hall on a Sunday afternoon — get on etsy or ebay, there’s an enormous world-wide market just waiting to see your creations. Link it all through Instagram, Facebook and Pinterest and you’ve got yourself a mass of free advertising too!
There are so many options!
This is a massive topic, and there are a thousand other ideas to make money without even using any existing skills. There are so many more ways you can use your existing talents — from earning advertising revenue from your gaming clips on YouTube or Twitch, to offering handyman, gardening or decorating services; you could become a private tutor if you’ve already earned suitable qualifications or just a little higher up the educational ladder than someone who needs a little help.
If you’re musical you could offer your services in cafes or restaurants, playing at social gatherings or networking events. You could become a DJ!
Or for the beautiful and aesthetically pleasing of you there are modelling opportunities that aren’t based around the catwalk — why not put the kids to work? There are all kinds of catalogue and web marketing opportunities out there, and what if you aren’t so beautiful? There are agencies who are looking for those with unusual or specific appearances; so make the most of what you’ve got — whatever it is!