10 Tips For Earning More Money
Saving for your first home? Go you! You might have got your budget sorted and started making sacrifices but still find you’re coming up short. You may be thinking no matter how much money you put away, it’s just not adding up fast enough. While we often talk about the ways to make your money go further, you can only work with what you have and sometimes earning more money is the only answer. If you’re looking to make some extra dough, a side-hustle is a popular way to boost your income. Here are some options for making more money.
*Many of these options rely on you having your own ABN. Also, make sure you understand any tax requirements*
1. Online Surveys
Are online surveys really worth it? Well, that will depend. You’re definitely not going to become a millionaire from them but they can be a quick and easy way to earn a little bit of extra cash. Companies want to understand consumers and they are willing to pay for it. They usually have minimal effort and you can answer the questions while you watch Netflix, they will be a variety of topics based on your age and demographic. Make sure you find legitimate sites and read reviews from other people. Sign up to a couple of sites at once to be eligible for more surveys.
Tip: create a new email address specifically for this, that way it won’t clog up your email and you can look at it when you need.
2. Teach English Online
Teaching English won’t be a quick fix so if it’s a low maintenance side hustle you are looking for, it won’t be for you. However, if you are willing to put in the effort you can make some good money teaching English as a second language. There are many different companies online who can help you with qualifications or jobs, however, you can also look into offering it yourself without the need for other companies if you don’t feel you need the support. The requirements to teach English are generally that you will need to be a native English speaker or be fluent, have decent internet with a webcam and microphone and in some cases a TEFL qualification. A bachelor’s degree is also often required. The perks? You can do it from home and it’s a great way to expand your world, meet new people and of course, $$$.
3. Declutter and Sell
Got a ton of old clothes you never wear anymore? Time to declutter them (you want space in your new house!) and make some extra money. You’ll be surprised by what people are interested in buying. If your item is in good condition and fit for reselling, look at places like Facebook Marketplace, Gumtree or eBay. There are also specific clothing resellers like Depop. Spend some time taking good photographs or show yourself wearing the items, this will set you apart and people want to be able to visualise before they buy. Always remember safety – if you do sell any items, always make sure to meet the person in a public space and let someone know where you are going.
TIP: Got lots of fancy dresses you’re not going to wear again? Formal time is a great time to advertise.
4. Become a Driver
Become a driver for services like Uber, Ola or Didi. The perks of driving is that you can use your own car and only work when you want. Coming home from the city during rush hour? Perfect time to set yourself as active. Take a passenger back in the direction you were headed and earn cash while you do it. The flexibility is what interests people and it means you can easily work it around your schedule. Each company has basic driver requirements that you and your car must meet so it’s worth doing your research.
Don’t meet the requirements to be a driver for people? What about food? Food delivery is another great option and because car aesthetics are not important, they can be more accessible. Weekends are a great time to pick up some work.
5. Create a Course or eBook
You might be thinking – me? A course? What on? Well, the beauty of the internet is that there is generally a demand for most things and you don’t have to be an expert as long as you know enough to provide value. Are you an accountant who is always seeing the same tax mistakes happening? Or a marketer who wishes you could help everyone understand basic social media? Creating a course or an ebook on the subject can take a long time initially but once it’s created, will generate you evergreen income. Spend some time and money in the beginning to advertise and reach out to the right people and get your course information exciting, engaging and informative and it can sometimes help you make money while you sleep.
6. Make Something
Are you a talented creative and enjoy arts and crafts? Utilise this passion and skill and create something you can sell. Popular things like jewellery or paintings can be sold online or at local markets. Etsy is a great online platform where you can sell physical items or even ‘printables’ which are designs that you sell for people to print themselves. A fun way to express yourself and make some extra cash
TIP: if you’re good at design, social media covers and Instagram story highlights are popular files to sell online.
7. Get a Part-Time Job
A retail job or hospitality work can be a good way to earn some extra income during the weekend or at night after work. In particular during the summer and busy festive periods. Approach the local businesses in town or use job search sites like Seek or Indeed to find something that will work for you. Most customer-facing roles will want to know that you can provide a good service and also sell the products effectively. Experience is normally a big bonus as well as flexibility in hours. A part-time job can be a good way to get extra money in the bank but it’s also important to look after yourself, working two jobs can be mentally and physically exhausting and self-care is important. Set realistic targets and boundaries for a second role to ensure a healthy balance.
8. Dog Walking / Dog Sitting
Love furry friends but can’t have one of your own? Make some money AND get to pet dogs all at the same time. Dog walking and dog sitting are increasingly popular services as people get busier and busier but want to ensure their pet has a good life while they are gone. Offer dog walking services in the mornings before work or on weekends and if you can, offering short and long term pet sitting can be pretty lucrative. There are online sites that can help you sort out your profile and find jobs or, you can print flyers and put them around the neighbourhood. The job takes a lot of patience and care so might not be right for everyone.
Tip: Insurance is important. If you’re using a site, make sure they cover you should anything happen with the dog or if any urgent vet bills are needed. Doing it yourself? Get yourself covered.
9. Rent Out A Room
If you’ve got an extra room in your home, consider renting it out on Airbnb for extra income. You don’t have to do it all year round if you’re not comfortable, however, think of important things that happen in your area at certain times that people visit for. Concerts, gigs, festivals are all good options where people will be looking for a room. You can check how much you might make by using the online calculator from Airbnb.
TIP: A big event happening near you? Rent out your whole house for maximum income and go visit family for the weekend.
10. Get Paid For Convenience
In an increasingly busy and fast-paced world, people have less and less time or patience for some of life’s odd jobs. If you’re handy, organised and willing to do some life admin tasks you can make extra money helping people do the things they can’t or don’t want to. Things like ironing, gardening and food shopping are often in demand. Services like Airtasker allow you to search through jobs people would like help with and the tasks can be varied from building furniture (for those of us who hate flat packs!) to picking up dry cleaning.
With First Home Hero, you might not need more money to buy a home than you already have now. We may be able to help you get $30,000 towards a deposit. Find out more on our homepage.