COVID-19 has changed the way we work: many of us are now working from home instead of the office, or struggling with a loss of income from reduced hours. Maybe now more than ever is the time to get creative with our approach to work: how can we make up for this loss of income, and what are the best ways to make money from home?
We answer exactly that in this blog, sharing some tips and tricks on how to earn extra money from home. From trading online to online tutoring, here are some simple ways to make extra money to top up your income.
Struggling to concentrate while working from home? Find yourself overtrading? Here are our tips on focusing during lockdown…
The Best Ways to Make Money From Home
You guessed it! Trading is one of the best ways to make money from home - all you need is a strong internet connection and a computer. New? You can teach yourself from home - check out our favourite YouTube traders or the best trading books. A little more experienced? Now is a great time to refine your skills and your knowledge - delve into those videos you’ve bookmarked, or listen to the podcasts you’ve downloaded.
If you’re new to trading, bear in mind that trading is not a quick fix to get rich - it will take time to build up your skills and your mindset (see our tips on how to manage your psychology here, and how to build a good trading plan). You might spend months getting to grips with your charts, or months in drawdown. However, when you persist in your self-education and determination to master the markets, you’ll begin to make a profit.
Whether you’re looking for extra income on the side of your job, or looking to build up an income from scratch, trading is one of the best ways to make money from home: you can control your schedule, grow your account at your own pace, and withdraw your profits when you like.
2. Online tutoring
Do you have an area of expertise that others could benefit from? Maybe you have a background in teaching, and could offer one-to-one tuition to GCSE or A-Level students. Maybe you’re excellent at SEO and copywriting, and could offer consultancy sessions to businesses looking to build their brands. Or maybe you have experience as a magazine editor and you’re a whizz at sculpting articles for publication - if this is the case, you could offer writers feedback on their work.
The best ways to find your audience - and your speciality - is to get creative and think outside the box. What do you do best? What do you have professional experience in? Where would your ideal tutoring candidate be online - in Facebook groups or Twitter lists, or posting on job sites, or looking at agencies?
Tutoring is another one of the best ways to make money from home: you can do it online via Zoom, Google Hangouts or Skype, and can set your hourly rates according to your experience.
Many of the best businesses are built from scratch. Read our Q&A with entrepreneur Nick here>>
3. Selling items
An unusual one, but one of our best tips on how to earn extra money from home. Depending on what you’re looking to sell, there are a range of ways to make that extra cash: selling clothes on Depop, selling books or DVDs on Ebay. You can even get creative if you’re a dab hand at arts and crafts and sell handmade items - prints, face masks, textiles - on an Etsy store.
These are just some of the best ways to make money from home - stay focused, and get creative!