Guest post – How to make money from my sofa
Do you ponder or even google how to make money from my sofa – I assure you many MANY people do
Many people look for the opportunity to make some extra cash from home. As household budgets are stretched further by increasing bills it’s not always possible to make extra money by doing overtime at work because plenty of companies are feeling the pinch too, and one of the first cutbacks they will make is on overtime. Besides, overtime at work means less time with your partner and kids, and who wants that? More time is better, surely? Well, maybe not too much.
One way to make extra money is to find a job you can do from home. This can involve retraining to a profession you can do at home, making money from a hobby, or signing up to do some simple but repetitive task that others either don’t want to do or don’t have the time to do. In this article we’re going to look at what each of these can involve, and some tips to think about to help get you started.
Being a pro
There are several professions that lend themselves to working from home: Book keeping, web design, selling on the internet, child minding, therapist of some kind… the list goes on. All of these will require time and effort for training and a possible qualification (with the possible exception of selling items on the internet, but it depends on what you’re selling of course), they may require a dedicated room or a converted garage, and you may have to pay for membership of a professional body or a special insurance. There is also the challenge of being your own boss, but that’s a challenge that plenty of people relish.
Being a professional working from home has the potential to make more money than a hobby or other task but will most likely require more time and effort too.
A money-making hobby
An income from a hobby is a truly fantastic way to earn a living. They say the happiest people are those whose job is also their hobby, so it has the potential to be very rewarding both financially and personally. Of course, it does depend on what your hobby is – there aren’t many people who can make money from building model aeroplanes or playing the guitar.
Perhaps the most obvious money-making hobbies are arts and crafts: painting, photography, jewellery, hand-died wool, clothing, and of course food. You can probably list a dozen more and all are potential money earners, and while you can spend time at home making whatever it is you make you will probably have to get out and about to sell it. Some of these can be sold over the internet of course but people often like to see and hold hand made items before purchasing them. Seeking out local markets and craft fairs is a good way to get your goods known locally and establish a regular customer base.
Oh, and if you decide to go down the food production route then you will need to be very careful of health and safety and food hygiene laws.
Perhaps the quickest and easiest way to get some cash is to do one of those simple jobs that others either don’t want to do or don’t have time to do. You might not make as much money as being, for example, a book keeper, but it won’t require the training or initial effort of setting up a small business either.
Simple tasks can be making Christmas crackers or sales calls if you sign up with a company, or you could try going it alone with ironing. Some retail businesses will hire people to deliver items to homes, so if you have access to a car this could be an option too.
The local area is your oyster
The more I think about it and the more I look into it, the more I wonder why there aren’t a greater number of people working from home. Of course there are home commitments but the beauty of these types of jobs are that they are flexible and so can fit around the needs of your family and you. You may not have as much time to yourself but someone who is busy is often more contented than someone who mopes about doing nothing, and when you finally sit down at the end of the day with a glass of wine that sense of achievement will be a warm glow inside.
Plus, with all the money you’re making, you can afford a damn good holiday to recharge your batteries!
Tips to get started on mkaing money from your sofa
Here are some things to think about to get you on your way:
- · Research – Whatever you choose to do, read up on it. If you’re going to train for a job or make money from a hobby then it’s essential to do some research. We live in a highly-regulated society and there rules governing tax on second incomes, health and safety regulations, professional standards… well, the list goes on. Websites such as Workingmums.co.uk are a good place to start. Even if you are only going to do one of the simpler jobs such as telemarketing it’s worth finding out about the company and what it’s like do such work.
- · Establish an online presence – Being on the internet is essential for today’s businesses. There are plenty of websites out there that can help you build your own, but even if your chosen job is not really one for the web (how much hairdressing gets done online?) I would argue that an email address is as essential as a phone number these days for any kind of business. And if you have a company name then buy a domain name – email@example.com looks so much better than firstname.lastname@example.org. You’d be surprised at how cheap they can be and how easily they can be administered.Don’t forget social media either, it can be a great way to get in touch with people and let them get in touch with you.
- · Business cards – A handy way to give people your details and you can get them surprisingly cheaply, even free! You could design and print them yourself with the right computer software and printer, or you could use a website such as Vista Print to get them professionally printed. There is also the option of having items such as pens, bags, mugs etc.
- · Time management – One of the advantages of working from home is the flexibility it gives in working hours but if you don’t put the hours in, you’re not going to get the money out. Whatever you decide to do is going to take up your time, so it’s essential that you manage it. It may not be easy at the start – establishing a new routine never is – but if you stick with it then it will soon become second nature.
I hopeyou have found this post on how to make money from my sofa useful! You may also like my post on the smartest ways to budget
This article was written by Rob Powell from the Confused.com car insurance team.