There are countless reasons why you might want to look into some quick cash making projects. Perhaps you’ve lost work as a result of the coronavirus and Covid-19 pandemic.
Social distancing and social isolation guidelines put in place by the government have meant that many businesses have collapsed and many people have been made redundant. Some people still have jobs but are currently working on reduced hours or reduced pay, so could do with a little top up.
Alternatively, you may have a stable job and income, but are looking for a way to make extra money to clear debt, put in a savings account or put towards a larger purchase. Whatever your reason for wanting a little more cash, the good news is that there are ways to make it. Here are some suggestions that could help!
Request Extra Hours
If your work is struggling right now, extra hours might not be an option. But if your workplace is stable or thriving, you may be able to request some overtime. This will help to top up your bank balance when you’re paid at the end of each month.
Take On a Second Job
Taking on a second job is a straightforward way to boost your total income. Often, these jobs tend to be flexible and have part-time options. Common second jobs include waiting staff, being a barista or working in another aspect of the hospitality sector.
Alternatively, you could take on freelance work. This is where you work for yourself, accepting one-off projects from other individuals or businesses. Just remember to register yourself as self-employed and to put your tax and other contributions such as national insurance aside if you do decide to do this.
Consider Trading
Trading is another good option for people looking for a side project. Of course, it can seem intimidating, but with some research and dedication, you can quickly get to grips with the basics of stocks and shares, Forex Trading, options and more. There are also stock simulators online that are often free to use and allow you to practice before investing real money.
Start an eBay or Etsy Store
Selling handmade items online, or secondhand items online, can be a great way to generate cash. Some people experience so much success that they turn it into their full time career! There are countless platforms out there, but the most popular tend to be eBay and Etsy. Please note that Etsy tends to specialise in vintage and homemade items.
Remember that these sites do charge a fee, but all in all, they give you so much exposure that you’re more likely to make a sale than operating independently.
Of course, there are other ways to make money out there. But hopefully, the above suggestions will give you a good kick start. Be mindful not to burn yourself out and to manage a positive work-life balance. Then, you can benefit all round!
