Making a secondary revenue stream while working from home

Posted On Wednesday, 28 April 2021 21:00

Whether you're looking to support your monthly income with additional funds or you're looking to make your side hustle your full-time job, we've got some simple ways you can boost your monthly income

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Blogs are one of the best ways to earn a passive income and are ideal for the digital nomads of the world. While starting a blog might be simple, you'll need to put in time and effort to reap the benefits, but once it's established it will require minimal attention.

As your blog grows in popularity, you'll be able to connect with companies for their outreach digital marketing strategy – who will not only provide content for your blog in exchange for a link to their product or site, but they'll pay you for the privilege. 

Forex trading

As the digital world evolves, so does our currency. Forex trading is a great way to start trading as volatility in the Forex market is great, whilst the online ease of trading makes it accessible for anyone with internet connection and a basic idea of trading. 

Of course it's important to remember to buy low and sell high in order to make money. And if you're unsure, seek professional advice.  

Selling unwanted items

A recent study has found that homeowners have an average of £2,600 in unwanted items stored away. If you have clothes, electronics, furniture or trinkets lying around the house, now might be the perfect time to start selling your items. 

Sites like eBay, Facebook Market Place, and even GumTree are ideal platforms for you to give your home a clear-out, whilst increasing your bank account. 

Online tutoring

You could be a whizz at foreign languages or maybe you're a science teacher looking to make some extra money on the side. Whatever your expertise or experience, there will be people out there looking to learn from an expert and online tutoring is a quick and easy way to do it. 

Figure out your niche and market yourself. It doesn't have to be school students you tutor; it can be anyone who's willing to learn a new skill. 

Rent out a room

If you have a room going spare – why not rent it out? AirBnB is a great platform if you're looking to rent out a room or even your whole house on a temporary short-term basis, especially if you live in a tourist hotspot

With more people looking for self-contained staycation locations, renting out your home could provide you with the cash injection you've been looking for.

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