85 Ways To Make Extra Money Today in 2020
I am always asked what are different ways in which one could Make Extra Money each Month.
I have grown up being told by my parents that earning money from one source is Highly Risky, and I couldn’t agree more. You need options!
Even more important if your only source of income is your day job.
Earning money from various sources has made a huge difference in my life, and it can for you too.
It took me a long time to believe I could actually do this.
This is why I write so much about Making Money and can think of many reasons why you need to start today.
Making Extra Money will help you:
- Work towards Financial Independence
- Have Influence and help Others;
- Stop living Payday to Payday;
- Have Options and Diversify your income;
- Pay Off Your Credit Card, Student or Car Debts sooner;
- Pay Off Your Mortgage quicker and give you Years of Your Life back!
- Finally, become a Saver and/or Investor;
- Become an Owner of a Business;
- Enjoy Life Experiences such as Travelling etc.
It doesn’t matter whether you only have 30mins spare per day or open to committing an extra 30 – 40 hours/week.
You can absolutely Make Extra Money monthly if you choose Today to take some steps towards it.
Every way of making money requires some work and is always tied to Creating Value. You’ve got to put the fuel in first before you expect heat. This is why you technically don’t “make money” but rather “earn it” by doing something.
I personally think this is what makes it exciting because those who commit actually Win.
Kindly also consider taxes on all your extra Money Making 🙂
I thought it would also be useful to add:
The “Money Type” indicates how sticky or not the money is i.e. One-Off Money is money you make just once and it typically does not repeat itself. Recurring Money is money that you can make repeatedly.
The “Money Effort” indicates how much continuous work you need to put in i.e. “Active” means if you aren’t there, you make no money. “Passive” means you need minimal work or can make money whilst asleep. In the ideal world, the more passive income you have, the better.
Below are 85 different ways in which you can begin Making Extra Money Today:
Make Extra Money Online
Making money online is the way of the future with more and more people spending time on the internet and also making purchasing decisions online. Here are some brilliant online ideas for you to explore:
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Start an Impactful blog
Creating a blog is one of the least understood ways of making money online. However, not all blogs make money or are interested in it. I know of sites making anything from £1,000 to £150,000 per month depending on popularity and quality of content. Add to that, you blog about what you enjoy talking about, improve your communication skills and networks immensely. You have to work hard but can start with just an hour/day.
To start, follow my detailed Step by Step tutorial:
Step By Step Tutorial: How To Start A Blog
It has never been easier or cheaper to start a blog. Due to popular demand, I have also created a How To Create an Impactful Blog Course (FREE), which I recommend you join below:
FREE How to Start an Impactful Blog Course
In this 7 day email course I will teach you exactly How to start your own Successful and Impactful blog, sort the techy bits, attract followers, build a tribe and even begin Making Passive Income from it!
Start Today and Change Your World! Be Fearless!!
I highly recommend you watch this video I created recently on WHY you should start a blog and HOW:
Money Type: Recurring & One-Off; Money Effort: Active & Passive
- Affiliate Marketing – This is one of the MAJOR ways in which blogs and most other websites (price comparison, events, educational, financial etc.) and platforms (e.g. podcasts, vlogs) make money. Affiliate Marketing is the promotion of products/services that you (the Affiliate) have used and recommend or products that you believe will add value to your audience. I will soon write a course teaching you the exact Secrets of Successful Affiliate Marketing. So do join the waiting list below:
Money Type: Recurring; Money Effort: Mostly Passive
- Create eBooks for Amazon Kindle – Are you knowledgeable in a particular area? E.g. Healthy cooking, Baking, Online Marketing, Accounting, Selling on eBay etc. This could be ANYTHING! You can create eBooks for specific niches and sell them via Amazon. You can self-publish for FREE and start generating revenue with no minimum required to be sold before you earn. Check out the Kindle Direct Publishing tool that lets you upload for free. Every time the book sells, Amazon gives you 70% of the list price (net of VAT).
Money Type: One-Off (ongoing); Money Effort: Passive
- Do surveys – Opinions through surveys is Big Business. Why not get paid or receive vouchers for giving up minutes of your time? Valued Opinions pays you in retail vouchers such as Amazon, M&S, and John Lewis. They also pay high amounts (£1 to £5) per survey, and vouchers can take anything from one month to six to arrives once you cash in. Typical survey times are 15 to 20minutes. Opinion Outpost is another popular one that pays via Amazon vouchers or cash through PayPal. It is popular for its low payout threshold (£2.50) and pays about 50p per survey and a typical survey length of 15 minutes.
Money Type: One-Off; Money Effort: Active
- Amazon FBA – This is one of the easiest ways of making money online. You own your own online store on Amazon, and you source and sell your own products but they are Fulfilled By Amazon (FBA) i.e. the products are packaged and delivered by Amazon. If you join the FBA programme, you become eligible for Amazon Prime delivery of your products, which gives you a unique advantage.
Selling via Amazon (rather than your own e-commerce store) is appealing because Amazon spent a lot of advertising money to attract customers to its site. You get to sell to its pool of customers. In addition, you don’t need employees or a warehouse to get started!! Best of all, you get to choose when you want to work, and how much you want to make.
Money Type: One-Off (ongoing); Money Effort: Mostly Passive
- Virtual Assist – Virtual Assistants (VA) fill in the gaps in businesses and help them run much more smoothly. In today’s world of Social Media, VAs are in greater demand. You can do this from the comfort of your home and perform tasks such as managing social media accounts and posts, copywriting, replying to comments, bookkeeping or even answering the phone. Jobs can be one-off or ongoing, and you have the opportunity to build relationships with those you work for. You can earn anything from £15 to £30 per hour as a VA. Check out Upwork to sign-up as a VA and start making money today.
Money Type: One-Off; Money Effort: Active
- Become a perfect middleman (Broking) – I used to work for a Broking business and my role was to calculate the commissions for the “middle man” sales guys (aka Rain Makers) who made anything from £10k a month to £250k per month (excluding their salaries). The key was that they positioned themselves as people who earned Variable income (i.e. income that rises with the amount of business or products they sell) and negotiated this as part of their contracts. Note that this meant their earning had no cap! Imagine that for a minute.
You too can do this if you look at the business you work for and think you can bring in clients through your networks. You don’t have to work in Sales or Marketing to do this. I’d go as far as actually finding some business before then asking for this variable element to you pay.
Money Type: Recurring & One-Off; Money Effort: Active
- Source property for wealthy investors – There are investors who have the money but don’t have the time to source through say, 100 deals in order to invest in 1. You can source properties for them and they pay you by a) Paying you an upfront retainer of say, £500 to begin searching, and b) Another £1,500 if you find them a property they eventually buy. Easy £2k!
This is great for the investor because they don’t pay agency fees, which are more expensive as they are charged by percentage. And you get to keep the relationship too. So start positioning yourself as an expert today (obviously do some learning) and start with your friends and family as first clients, then expand into your networks. Use the internet e.g. Rightmove and Zoopla to research properties and set up Alerts for New properties.
Money Type: One-Off (but ongoing); Money Effort: Active
- Create a subscription business – You probably pay a subscription for a lot of things in your life today. That’s because Subscribers are better than Customers. Creating a subscription business helps you create Automatic Customers. You can create a subscription business for ANY product/service e.g. Cleaning, Cooking, Selling flowers, Gardening etc. The best part about this way of making money is that you have Sticky recurring income, which is paid to you in advance and thereby creates a Cash Cow. But you must offer excellent value. In addition, subscription businesses are worth more than normal businesses. THIS GREAT BOOK gives you the SECRETS to creating a subscription business in Any Industry. Highly recommended.
Money Type: Recurring; Money Effort: Passive
- Create a membership site – Membership sites are highly sought after. Think about it, if you can find a way of using information you know about (or have access to) and create Valuable content (e.g. videos) around it, you can host this on a website/platform and have people access it by paying a membership fee per month or per annum. This could be anything from a collection of cooking recipes/healthy dishes, to advising a niche group such as Childcare setting owners, health business owners etc. My brother and sister both run one each for teaching people how to Code and How to make businesses profitable. You can too for anything! The best part about this way of making money is that you have Sticky recurring income, which is paid to you in advance and thereby creates a Cash Cow. But you must offer excellent value.
THIS GREAT BOOK gives you the SECRETS to creating a membership site business. Highly recommended.
Money Type: Recurring; Money Effort: Passive
- Create Courses through Thinkific – Education is key to success in every aspect of life. Do you have specialist knowledge in anything? E.g. Cooking, baking, marketing, child care, nutrition, accounting etc. You can begin writing courses about what you know today and create individual courses that you can actually sell as individual products or as bundles. Honestly, if you REALLY challenge yourself, you could publish your own course on Thinkific in one weekend!!
People want specific and valuable knowledge and insight and you can provide this to them. Imagine a world where you wake up and 10 people have paid £199 each for your course? That is a great world to be in :). Dream it and live it!
I completely recommend you use Thinkific as a platform to create your courses as it’s the industry leader and best of all, you only pay a small subscription for such income potential for you. People can easily access Your Platform and Your array of courses.
Key is to Start Today and Start with One Course. Earn near forever money!
Money Type: Recurring; Money Effort: Passive
NEW: In addition to the ’85 Ways to Make Extra Money’ that you’re reading, check out our YouTube Channel for…
9 Passive income ideas that make £1000+ Per Month:
- Start a Printables business – Whether you have creative abilities or not (you can use OPT – “Other People’s Talents”), you can absolutely create your own printables business. Websites such as Etsy have created an army of successful entrepreneurs. Check out How To Grow a Printables Business on Etsy and start the journey.
Money Type: Recurring; Money Effort: Passive
- Create an Online Store – Want to make a few £100’s or £1000’s extra each month? Creating your own online store is easier than ever before. Shopify has done everything they can to make setting up and running an eCommerce website as easy as possible. They handle all the security, hosting, and credit card processing to give store owners more time to focus on promoting their website.
Money Type: One-Off or Recurring; Money Effort: Active or Passive
- Create an app – This speaks for itself. Not all apps make money although most of them do. Key is simplicity and engagement. If you aren’t a tech person, this is good news and shouldn’t phase you. Hire the resource and focus on creating the next Angry Birds, Clash of Clans or Fruit Ninja!
Money Type: Recurring; Money Effort: Passive
- Copywriting – Ever seen a killer headline for a blog or article and instantly drawn to reading it? Or read a post that you thought was very well written and purposeful? This is the domain of the copywriter I.e. people who write for a living and make content look good. Thanks to the internet, there is a big need for copywriting skills. It’s also something you can learn and earn a rewarding top up income from or even do full time.
Money Type: One-Off; Money Effort: Active
- Investing – This is putting your money to work in an environment that earns you a return. It is a necessary activity for achieving your Financial Freedom. Want to learn how to start investing? Subscribe to my Free Master Your Money Course at the bottom of this section. I invest in Index Funds, for example, to keep costs low and I also back specific businesses that I believe in their management team and vision. There are many platforms you can use, however, some that I use regularly include Hargreaves Lansdown and Vanguard . This is not investment advice!
Money Type: Recurring; Money Effort: Passive
- Start a YouTube channel – Content is King in a world where a lot of the world own Smartphones. YouTube channels are a great way to earn passive “forever” income, however, you need to produce valuable and engaging content. The more people view your content, the more you get paid. Check out the YouTube Partner programme for more info on how to monetise content. It has never been easier to do this thanks to the high-quality cameras on our phones and great quality apps for editing content. Why not record some content during your lunch break to get started?
Money Type: Recurring; Money Effort: Passive
- Start trading/spread betting – Trading is not for everyone and there are no guarantees. Only attempt this if you know what you’re doing. You can lose money but also make a very good living through trading provided you have spent time learning how to do this and most importantly, how to manage the risk you get exposed to.
Money Type: One-Off; Money Effort: Active
- Get Cashback – Earn £100’s a year by making your regular purchases through cashback sites. The top site that pays the most is TopCashBack , which is FREE to use and pays out up to 105% of the cashback it receives from merchants. You can take your earnings as cash or boost your returns or swap them for Amazon vouchers or Tesco clubcard points. Our second best cashback site is Quidco, which has similar payout rates to TopCashBack . Both usually compete for exclusive deals.
Money Type: One-Off; Money Effort: Active
- Manage social media strategies – This is one of those new jobs that have arisen on the back of Social Media dominating society today. It is a totally learned skill and is probably one you already have ideas about due to your social media usage. Only this time, you are using those skills strategically and tactically to help businesses grow their users and market their products/services.
Every online business needs a social media manager, so there is a tonne of opportunity for you to make money doing this. Check out Upwork if you want to get started by advertising your skills.
Money Type: One-Off; Money Effort: Active
Check out our YouTube Channel for 12 BEST Side Hustle Ideas UK:
- Website testing – User testing is big business as more people are now online and companies want to make their websites better places for people to visit. Why not get paid for testing websites? What Users Do is a platform where you can earn £5 for 15mins website tests. You get paid via PayPal and can expect to earn £45/month with some commitment.
Money Type: One-Off; Money Effort: Active
- Buy and sell domain names – It is highly unlikely that domain names become worthless over time once you own them. So buying quality and often undervalued domain names is another way of investing in intangible assets. The strategy to make extra money here is to buy, hold and sell later.
Money Type: One-Off; Money Effort: Active
- Peer to Peer lending – This is another way of investing your money for a return. You essentially lend money to individuals or businesses through online platforms that match lenders with borrowers. As with any investment, your money is always at risk. RateSetter is a great example of a platform you can lend through.
Money Type: Recurring; Money Effort: Passive
- Sell your videos – Making and selling videos is big business. Companies such as Newsflare pay you for your video (the quirkier the better) and license them to major news organisations and brands around the world. They then agree to a revenue share (usually 50%) with you each time your video is used.
Money Type: Recurring; Money Effort: Passive
- Get paid for searching Online, watching videos and gaming – Swagbucks pays you virtual cash for short online tasks. You can then exchange your virtual cash for real money, PayPal credits, Amazon or M&S gift cards and much more. Swagbucks also acts as a Search platform like Google and you get rewarded for using it instead. Other tasks you can do include completing polls, watching videos etc. You get paid by Swagbucks passing on a cut of the advertising revenue that they receive.
Money Type: One-Off (ongoing); Money Effort: Active
- Get a Proper remote-working job – Lion Bridge (The Smart Crowd) lets you complete small tasks (typically aimed towards helping companies improve their search engine results) that you can fit into your schedule. This is brilliant if you want to earn some decent cash whilst working from home and staying with your kids. You usually need to have a degree (but a lot of our readers have been accepted) and some availability. The rates you get paid are set for each task and it is FREE to join. You can earn typically between £150 and £250/month depending on your hours (which you get to choose!).
Money Type: One-Off (ongoing); Money Effort: Active
Make Extra Money by starting a Side Hustle
I love side hustles as a way to make extra money. If you’re stuck in a job you hate right now, you need a side hustle not only to potentially give you another income but also to provide you with an escape and some purpose. You can TOTALLY do it!! Below are some side hustle ideas to explore:
- Photography/Videography – Photography has absolutely blown up with anybody and everybody picking up the camera. This is not only a creative game but a consistency game. I have known people go from nothing to being booked out weekly and earning £1k – £3k weekly. But this requires work and should be something you are really interested in pursuing long-term (in order to make extra money) as you need to invest in some kit.
Money Type: One-Off; Money Effort: Active
- Cleaning company – This idea to make extra money is one that Everyone needs, especially in our very busy lives. If you can deliver a high quality and consistent service with reliable staff, people will pay you a premium, which can lead to trust over time. Plus, you can definitely build a subscription service into your a cleaning business, thereby helping you to plan accordingly.
Money Type: One-off or Recurring; Money Effort: Active
- Recruitment Agency – To make extra money from this is all about the niche. Many years ago, I ran a niche medical personnel recruitment business with my mum and it is surprising how easy this is to achieve. You can either offer a one-off placement opportunity for a candidate, or you can supply temporary staff agency staff.
You’d need to demonstrate you understand the market, sub-market and niche, and can serve that them reliably. You then price your service competitively with a Markup on cost included.
Money Type: One-Off or Recurring; Money Effort: Active or Passive
- Tutoring – The Private Tuition market in the UK is worth around £2billion per year and around 25% of all students take regular tuition according to Sutton Trust. If you have the passion and skill, this presents a great opportunity for a side hustle/business. I actually created and successfully ran a Tutoring business, so feel free to Contact Me if this is a business you want to start.
Tutoring is a huge industry and there is no shortage of agencies looking for tutors. These pay anything from £15 to £100 per hour depending on your subject expertise. You will also need a DBS check if you’re teaching younger students.
Money Type: One-Off; Money Effort: Active
- Consulting – Do you have skills or experience that other people or businesses could benefit from? You can offer your time as a consultant and make extra money for it. Thanks to technology today, you can offer your skills over the internet using platforms such as Skype or Zoom for remote conferencing. This is one of the highest margin businesses in the world. Hence why some of the largest companies (McKinsey, Deloitte, PWC, etc) out there are all into consulting.
You too can copy exactly what they do as a one-man band or a small team, whether full time or part time without paying rent etc.
Money Type: One-Off or Recurring; Money Effort: Active
- Beauty: Salon, Makeup, Nail bar, etc – Salons, nail bars, semi-permanent makeup, etc. Women typically invest a lot of money in these areas. It’s a great business area to make extra money but with a low barrier to entry and therefore competition. But this is a good thing as it shows there is a good marketplace, with the key being to find a great location and offering a service that feels like an experience for your customers.
Here’s an idea – Why not do something a bit innovative and provide a mobile beauty service for a market that’s time poor?
Money Type: One-off (ongoing); Money Effort: Active
- Selling Foreign Currency – Selling money to make extra money is another easy way to make money. You don’t have to be MoneyGram or Western Union to do this. You typically need to choose a handful of currencies to specialise in. E.g. Dollars, Sterling, Euro, etc. Typically currencies in high demand. Or currencies from high population countries such as the Naira, Rupee, Renminbi, etc.
Note that this is the same as trading currencies and currency values move up and down. So you have to know what you’re doing and be prepared to take that risk. It’s the volatility in such currencies relative to others that creates the opportunity for you to earn a margin.
Money Type: One-off (ongoing); Money Effort: Active
- Niche food business – Do you enjoy cooking or have an interest in food? Good food will always be in demand. Gets even better if you can serve a particular niche and create healthy options. The best way to start is to serve friends and family and get them to provide reviews, which will help attract other customers. Who knows, you may even create a range that might end up in an aisle in a major supermarket. Every food product you buy in large supermarkets started small one day.
Money Type: One-off (ongoing); Money Effort: Active
- Sports business focused on children – This is a fantastic idea that anyone could execute with some passion and commitment. Ever heard of Little Kickers ? A multi-million Pound business started by a mother (gotta love Mothers!) who saw a need for providing a way for children to get more fit through sport (e.g. football). She then grew by selling franchises all over the world.
You will always have children being born and interested in sport i.e. forever customers. You too can serve this market for a variety of sports (swimming, rugby, tennis, etc). Start with one venue and use that as a pilot to understand the business. Then sell franchises. The key is to start!
Money Type: Recurring; Money Effort: Active
- Party business – There are parties every single week! The key here is to find a niche area to make extra money. My wife, for example, specialises in children’s parties. And even within that, you have to go deeper and decide what role you want to play.
Do you want to host parties? supply products? organise themes? make printables and invites? make cakes? You could choose a combination that works and focus on being reliable and delivering excellent service. You’ll get booked out before you know it.
Money Type: One-off (ongoing); Money Effort: Active
- Children sensory business – Get avenue for mothers with children. There are many franchises already in existence (e.g. Baby Sensory) and you could buy a franchise for your particular area. They really do not cost a lot. Or you could start a whole new brand and sell franchises once you have made your business a success.
Money Type: One-off (ongoing); Money Effort: Active
- Franchising – Franchising is actually a strategy for business growth. I have covered this above in various areas. Essentially, you are selling the rights for someone to use your business ideas and intellectual property in return for a recurring fee to you. This can be applied to most businesses. In fact, a lot of businesses you come across in your local area are franchises.
Money Type: Recurring; Money Effort: Active or Passive
- Events organising – Are you good at organising dinner parties or events in general? Throw in abit of creativity (e.g. imaginative themes) and you could end up with a business that brings people together fun and grows in popularity at the same time.
Money Type: One-Off; Money Effort: Active
- Nurseries/Childminding/Nanny business – Childcare is BIG business. I know this well because my family runs a chain of nurseries. Nurseries can make anything from 15% to 45% net margin depending on How they are run and location. There are also various ways of running nurseries – Pack away vs Full ownership/Residence.
If you want to seriously explore creating your own nursery brand, feel free to Contact Me. If you don’t want the hassle of running a full nursery business, you can achieve amazing margins via a Childminding business as it’s less regulated and the childminder to child ratios are more favourable. Nanny businesses are also very attractive because only people with some reasonable income can afford a nanny.
Money Type: Recurring; Money Effort: Active
- DIY/decorating – Make extra money from DIY is Great if you are good at paying attention to detail. Reliability is also a very good quality to have for success in this area. You can very quickly grow a team of people working with or for you and focus on finding those big-ticket jobs.
Money Type: One-Off; Money Effort: Active
- Cake business – This is the domain of the creatives as custom cakes attract a premium. That said, you don’t need to know how to bake a cake to actually run a cake business. You just need to be able to connect demand and supply and get paid in between I.e. you can completely outsource the making of your cake orders to a local baker.
Money Type: One-Off; Money Effort: Active
- Gardening – Similar to a cleaning business, gardening is a chore that needs attention periodically. Some people like to outsource this to others. Rather than earn money as a gardener when you are called, you be innovative about it and create a subscription service whereby people pay periodically and automatically for gardening and you (or your team) show up at pre-agreed times to sort the gardening.
Money Type: One-Off; Money Effort: Active
Want To Start A Profitable Side Hustle? You should join the FREE 5 Day Course Below:
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Make Extra Money Renting Stuff
The Sharing Economy has created many industries and is helping people get the most value out of their wasting assets. Below are a bunch of ideas for Making Money through renting stuff:
- Rent out a spare room – This is by far one of the easiest ways of making extra money. You are basically making your assets work harder for you and you get to dictate your price and type of lodger you want. Earn up to £7,500 tax-free. Spareroom is a great platform for finding lodgers.
Money Type: Recurring; Money Effort: Passive
- Airbnb – Let to Let – Airbnb has created a whole new economy of sharers. If you don’t already own a home that you want to partly let out, you could actually “Let to Let” I.e. you could let a home, pay the rent and then sublet it for a profit.
This has to be agreed legally with the owner of the property and documented as such as they are taking on risk for doing so and may charge a higher rent as such. Do ofcourse check that this is legal in your specific city and still allowed by Airbnb.
Money Type: Recurring; Money Effort: Active and Passive
- Rent a car and become an Uber driver – A great way to make money is to drive others around and get paid. Click here to join Uber and start Making Money ASAP.
Money Type: One-Off (ongoing); Money Effort: Active
- Rent out unused spaces – If you have unused spaces such as lofts, excess drawers, etc, you can actually rent those out to people who have precious things they do not have space to keep. Storemates is a great platform for finding people in your local area who might be interested in renting your space. You can charge what you like although a good example of what you can earn is circa £800/year for a 25 sq ft loft space in South London.
Money Type: Recurring; Money Effort: Passive
- Renting properties via Property investing – This is a route to actually getting financially wealthy because when you invest in property, you have the Capital Gains upside as well as recurring via rentals. Property Investing success has everything to do with Location and Strategy.
This is an area of deep experience and interest for me and one I will be writing a lot about in the very near future.
It is definitely a very important route to Financial Independence. Join the waiting list below if you’re interested in a specialist course on Property Investing Strategies for recurring cashflow:
Money Type: Recurring; Money Effort: Passive
- Rent out your driveway – A great way to use wasting space. This is fantastic especially if you live 10 – 15minutes from a train station. Lots of people who travel in from further afield like to park their cars and then walk to the station. You can easily rent your parking space for £5 – £10 per day, which is equivalent to between £100 and £200 a month of income. Here are options for renting your driveway –
JustPark has very good user feedback and is well established. They broadly charge a 3% commission.
ParkLet lets you not only let parking spaces but also Garage storage space. It is great for long-term lets e.g. a month. Listing is FREE and you only pay anything when you successfully let out your space. Fees are a lot more expensive at a 20% commission + VAT.
YourParkingSpace is 100% FREE for listing your parking space. You get to choose your price and they make money charging the driver a fee (20%) on top of the fee you list.
Money Type: Recurring; Money Effort: Passive
- Rent garden space – Another great way to use a space that is often underutilised for most people. This is great for hosting events such as children’s parties or even weddings. You’d be amazed how much you’d save people by offering this as a service, especially if you have a decent sized garden.
Earn anything from £300 to £1,000 a month for 1 or 2 events hosted per month.
Money Type: Recurring; Money Effort: Mostly Passive
- Rent a garage out for storage – This is an absolute gem as storage companies are getting ever more expensive. You can earn from £150 – £200 a month from letting your garage for storage.
The best part is, the customer will be around for a long time as people don’t tend to move storage solutions. You can let these out on Gumtree or even Facebook.
Money Type: Recurring; Money Effort: Passive
- Rent or Sell your wedding dress – This is a wildcard idea to make extra money but possibly a cash cow. I recall my wife paid something like £2,000 for her wedding dress, and for a long time, it’s been sitting idle. Wedding dresses can be rented out as not everyone wants to fork out lots of money for a dress for a day. If you prefer to sell your wedding dress, Preloved is a top FREE site for selling second-hand wedding frock! eBay is another option but you have to pay fees although you’ll likely get a quick sale.
Money Type: One-Off (ongoing); Money Effort: Passive
- Rent cotton candy machines for events – A friend of mine actually has this business and easily makes £1,500 – £2,000 a month from it. All you have to do is invest in some equipment and it pays itself off in a few months. There is a huge demand for these types of machines at kids parties.
Money Type: One-Off; Money Effort: Active
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Make Extra Money At Your Job
- Negotiate a variable element to your pay – This has worked very well for me in the past. You can negotiate a special commission with your boss or the relevant person in your company for introducing business. Then take steps through your networks to find new business for your company.
Aim for a percentage of Sales (not profits) from that customer you introduced. You don’t have to be in Sales to ask for this. I asked for this whilst working in Accounting and it worked. Your boldness will be rewarded. Ask!
Money Type: Recurring; Money Effort: Active
- Negotiate a conditional Pay Rise – Agreeing specific and somewhat challenging goals with your boss is another way to negotiate a pay rise and make extra money. Do this from the outset and make sure it is written down via email.
Money Type: Recurring; Money Effort: Active
- Negotiate a higher pension contribution – Most employees know that they get X% of pension contributions from their employer. What most don’t know is that the percentage isn’t set in stone and can be negotiated, especially if you’re in a position of some influence (e.g. Star performer, Team lead, Manager, Etc.).
Negotiating an extra 1% – 2% can be material for your future wealth creation via your pension. Especially if your employer matches your contributions and/or if you’re a higher rate taxpayer as you get a higher rebate of Tax from the government too.
Money Type: Recurring; Money Effort: Active
- Ask for a bonus – Most people don’t know this but you can agree to a minimum bonus amount to be included in your contract. Yes, you can! And I have had these in the past too. And you can negotiate to be paid say, 150% of that minimum amount if you exceed certain targets. Ask!
Money Type: One-Off; Money Effort: Active
- Leverage your specialised skill and create an Expert Business – Thanks to the internet, it has never been easier to use the skills you already use for your job for some extra cash. If you think about it, creating this blog is the result of using skills I have learned in various work environments and situations.
Whether you just want cash here and there or whether you want to create an Expert Business (plus sell Information Products for passive income), a great place to start using your skills for pay is with friends and family, and ask for genuine recommendations you can rely on.
Money Type: One-Off or Recurring; Money Effort: Active or Passive
Make Extra Money Selling Stuff
- Upcycling (through Etsy etc) – There is value in things people throw away. You can make expensive coffee tables out of discarded wooden cable reels that people take no notice of. Such items attract high prices because they are unique pieces usually. There are many ideas out there to explore.
Why not visit a local retail park and see if there is value in the things they throw out back?
Money Type: One-Off; Money Effort: Active
- Selling on eBay – It’s never been easier to sell via eBay. You could either sell items you aren’t using any longer at home, or you can buy low and sell high.
Money Type: One-Off; Money Effort: Active
- Wholesale buying and selling (B2B) – This way of making money is attractive because you typically only buy a pre-agreed order (quantity and price). The value you bring to the relationship is being able to source and deliver items reliably and at a favourable price. So you aren’t usually left with money tied up in stock for too long. If done very well, you may not even need to pay for ongoing storage as you could drop ship some of your orders.
Money Type: One-Off (ongoing); Money Effort: Active
Make Extra Money – Other Ways
- Dog walking – Most mornings I walk past a guy walking between 7 and 10 dogs usually. He always seems to enjoy this job. You too can get paid (between £7.50 and £24 per hour) to walk dogs, but you have to really have an interest in dogs to enjoy it.
Money Type: One-Off (ongoing); Money Effort: Active
- Become a personal shopper – Personal shoppers typically freelance and can make as much as £250 for two days’ work. This is suited to anyone interested in fashion as there are men and women who need help with their wardrobe, as well as time poor execs and housewives you aren’t keeping up with trends.
Money Type: One-Off (ongoing); Money Effort: Active
- Wedding planning – Planners play a key role in making weddings a success. If you have great organisational and people skills, then this could be your domain. With 5 to 10 weddings successfully under your belt, you could become highly sought after.
Money Type: One-Off (ongoing); Money Effort: Active
- Mystery shopping – A lot of retail shops are super keen on making sure customer service is top-notch in their stores and typically get in touch with agencies to do so. You can get hired by one of these to go and review products or quality of goods and service.
Some of the most popular sites for this include Grass Roots, Retail Maxim and GBW.
Money Type: One-Off (ongoing); Money Effort: Active
- Baking and selling to order – Great at baking? There are many events that need catering to – Baby showers, weddings, birthdays etc.
Money Type: One-Off (ongoing); Money Effort: Active
- House & pet sitting – House sitting is getting even more popular and you can find some pretty cool houses to look after and possibly even make abit of a holiday out of it.
Money Type: One-Off (ongoing); Money Effort: Active
- Buying event tickets to resell – This is such an obvious thing to do and is usually a guaranteed earner. I live near the O2 Arena in London and it’s usually packed full of top performers weekly. Simply focusing on buying tickets in advance for top performers such as Beyonce, for example, could easily earn a 100% return. Not a bad reward for thinking ahead. Other very popular events include 100m athletics, Tennis, etc.
Money Type: On-Off; Money Effort: Active
- Selling second-hand goods e.g. children’s toy – If you’re like us, you probably have a loft full of things including children’s toys and the like. These would be more valuable if sold to others who need them more. So take stock of what you have and get onto eBay.
- Give unique tours of your city – This is a great way to do something you enjoy and get paid for it. In addition, you become more knowledgeable and make friends along the way.
Money Type: One-Off; Money Effort: Active
- Host foreign students during the holidays – This is a brilliant way of making some money during the holidays. A friend of mine makes about £750 a month (net of costs) for hosting students from France, Japan etc in the UK. Check out HomeStay to get started. You have to provide food (usually breakfast and dinner), a comfy and safe environment and most importantly, WIFI. Students will typically be out all day and usually, stay glued to Social Media in the evenings, so won’t usually be in your way.
Money Type: Recurring; Money Effort: Active & Passive
- Become a healthy food private chef – Everyone would love the option of healthy takeaway food. It’s a win-win wherever you live. Start by asking for payment in advance ideally, that way you aren’t left with unsold food. Before you know it, you’ll make extra money from through competitive pricing and providing quality.
Money Type: One-Off; Money Effort: Active
- Claim tax back – Are you a higher rate taxpayer and contribute to a pension? If so, you can claim back another 20% of tax on your contributions, by either calling the taxman and asking them to adjust your tax code or by completing your tax return and getting a rebate.
If you donate money to charity, you could also claim money back on this or simply get your tax code amended so that you have a higher personal allowance.
Money Type: One-Off; Money Effort: Active
- Start your own ironing service – Ironing is a chore most people hate. Why not start a professional ironing service and charge premium prices in expensive parts of town as a way to make extra money? You can easily advertise your services in local shops and newspapers as well as on Gumtree. Expect to earn about £10 for 5 items, which you can easily iron in 10 – 15 minutes.
Money Type: One-Off (ongoing); Money Effort: Active
- Start a ‘cottage industry’ on Etsy – Are you a creative and good at making arts and crafts? Etsy is a brilliant place for buying and selling handmade goods such as jewellery, artwork, party items, home decorations, etc. You can literally make significant amounts depending on your talent, availability, and ability to market and sell your products in an appealing way.
Money Type: One-Off (ongoing); Money Effort: Active
- Sell at Car Boot or Garage sales – If you have a good eye for spotting items that will sell fast, look for bargains at a car boot or garage sales and flog them for a profit on the likes of eBay. Key is to be on the lookout for rare or collectible items that can help you make extra money.
To check a product’s market value on eBay after you have done a search for it, simply tick “Completed Listings” under “Show only” on the left; this will show prices of that similar auctions have achieved. Then simply sort by “Price: lowest first” to see if you will make a profit from selling the car boot item.
Use Car Boot Junction to check out what car boot sales are near you.
Money Type: One-Off; Money Effort: Active
To Make extra money requires a mindset shift! Check out our YouTube Channel for Our 12 Multiple Streams of Income UK:
Make Extra Money Through A Part-time Job
- Be a TV or Film extra – This can be fun if you are chosen as an extra for a major film, otherwise, it can be fairly boring although you get paid decently. You’d need to join a number of agencies and should expect to pay your own travel expenses. Expect to earn around £60 per day with overtime paid.
Money Type: One-Off; Money Effort: Active
- CV writing – I’ve done CV writing for many people and it’s quite an easy way to make money doing something you know a lot about. The UK CV market is not regulated as it is in the USA; you just need to ensure you have the time, you’re good at writing and you’ll offer value. You can make as much as £50 – £100 per CV.
Money Type: One-Off; Money Effort: Active
- Work at the Supermarket – This is an easy way to make extra money through working shifts, with a chance of earning double your hourly rate if you work on the weekends. The slightly higher market supermarkets are likely to pay you more. Expect to earn between £8 and £10 per hour, with possible discounts on products as perks.
Money Type: One-Off; Money Effort: Active
- Sell your story – We all have stories to tell, some more intriguing than others. Journalists are always on the lookout for exciting stories that will capture the attention of readers. These can come in various shapes e.g. unusual tales about your life or life-changing experiences or encounters. May magazines also pay a lot of money for interesting real-life stories. Real People Mag, for example, will pay “up to £2000” if you sell it your story. You simply have to complete an online form.
Money Type: One-Off; Money Effort: Active
- Do some freelance work – If you have specific skills that is readily sought after, you can get paid to freelance. PayPerHour is an online freelance platform that offers freelance project opportunities from all over the world. When companies list projects, freelancers have to bid for work (quite similar to Fiverr), stating why they’ll be the ideal candidates as well as submitting a price for the work.
A fee is charged when you get paid for each job, but it is FREE to join and bid. What you get paid will vary depending on how many bidders for the specific job, as well as the time involved and skills, required.
Money Type: One-Off; Money Effort: Active
82. Move furniture – There are always people moving home or business premises every day of the week. Setting up as a Man+Van can provide a useful service whilst also being a nice little earner.
Money Type: One-Off; Money Effort: Active
83. Deliver items – Many companies such as Amazon, Argos and the big supermarkets now rely on drivers to deliver goods to their customers. This is another way to make a decent wage, whilst moving around from place to place listening to some great podcasts.
Money Type: One-Off (ongoing); Money Effort: Active
84. Bartending – Decent way to earn part-time income that offers some flexibility as well as social life.
Money Type: One-Off (ongoing); Money Effort: Active
85. Ghostwriting – If you enjoy writing, writing for others can be a fun way to make money online and offline. Bloggers especially are always looking for freelance writers. A good way to start is to actually start your own blog and develop your writing style. Check out 7 Reasons Why You Need To Start a Blog Today
Due to popular demand, I have also created a FREE How To Start a Successful Blog Course that I recommend you sign up for below:
FREE How to Start an Impactful Blog Course
In this 7 day email course I will teach you exactly How to start your own Successful and Impactful blog, sort the techy bits, attract followers, build a tribe and even begin Making Passive Income from it!
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Money Type: One-Off (ongoing); Money Effort: Active
Conclusion:
Phew! Writing this post has been a bit of a roller coaster ride, so hopefully, you found it practical and useful and can take things away to get started today to make extra money.
I can assure you, getting started today will be life-changing for your finances. You need to be patient though and persevere in order to see the results!
Related Posts:
- 7 Guaranteed Ways To Make An Extra £1,000 A Month
- 15 Creative Ways To Make Money On The Side
- 27 Legit Ideas On How To Make Money Online
- TUTORIAL: How To Start A Profitable WordPress Blog
What other ideas do you have for Making Extra Money? Please feel free to comment below 🙂
Do please share this post if you found it useful, and remember, in all things be thankful and Seek Joy.
