Category: 

  • May 9, 2020

Alternative Ways to Make Money From Home

Right now, more and more people are looking for ways to earn money from home. Now, earning an income without having to leave the house is desirable at any time. You can cut out the commute. You can wear what you like. You can take breaks as and when you like. You’re not being monitored 24/7.

There are plenty of perks. But right now, more than ever, work that you can complete from home is being increasingly sought after. With the spread of coronavirus and the consequent outbreak of a worldwide pandemic, governments across the globe are implementing lockdown and social distancing measures which mean those of us who aren’t key workers or essential workers can’t simply head into our workplaces. Instead, we’re either having to work remotely or have found ourselves unable to work at all. Now, there may now be two different reasons you’re seriously considering work from home roles on a long term or even permanent basis. The first is that you’re out of work. That you are looking for an income to help tide you over, so you can pay your bills and stay out of debt. The other is that you’re working remotely and don’t really want to return to the office when the time comes. Perhaps a work from home schedule and lifestyle better suits you. Either way, there are options. Here are a few ways you can make money from home to help you along the way!

Look Into Freelance Work

Your first option is to look into freelance work. If you specialise in a type of work that can be carried out from home, this could be a feasible option for you. There are a few steps you’ll have to take to work in this way though. First and foremost, you’ll need to register as self-employed. This will make sure that you can file your taxes and pay your taxes at the end of each fiscal year properly. Next, you need to make sure that you know the ins and outs of paying tax on your earnings. You need to know how much you need to pay in order to make sure you put the right amount aside each time you’re paid. Next, it’s time to start getting clients and building up a portfolio of sorts. You may need to start with relatively low asking prices to secure work. But as time goes on, your portfolio expands, you gain more experience and you move upwards, you can begin to increase your prices and charge more for your services.

Apply for Remote Employed Positions

If you like the security of an employed position (working with a contract and perks like paid annual leave, sick leave, compassionate leave and more), you may want to look into employed work from home opportunities. These aren’t too common, but there are some out there that crop up.

Consider Remote Contracts

Contracted work falls somewhere between self employed work and employed work. You won’t be officially employed, but you’ll have a set contract that guarantees you a set amount or period of work. There tend to be more of these floating about than remote employed positions, so keep an eye out for them on job sites.

Stocks and Shares

Another area you can earn money from home is getting involved in stocks and shares. Now, this is only really going to be an option for those who have a good grasp of numbers. But it could work out pretty well for you. There are a number of different markets that you might want to consider trading on, ranging from stocks to foreign exchange, options and contract for difference. Of course, you’re not going to want to jump in head first, investing money when you don’t know too much yet and haven’t had any practice. Spend some time looking at stock websites, familiarising yourself with how things work and even trying your hand at some stock simulators. This will give you a chance to feel comfortable before diving in the deep end!

Set up Your Own E-Commerce Store

If you’re feeling creative and have thought up a product that fills a gap in the market, you might want to consider opening up your own E Commerce store. This is pretty straightforward, but will take a lot of work, time and effort. It’s important not to rush into things unless you happen to be cashing in on a trend and don’t have long term plans for the business. First, you need to make sure you have an audience and that your product caters to them in a way that appeals to them and that your product falls into a price bracket that they’ll be willing to pay. Next, you need to look into manufacturing. Once you have a product with appeal, it’s time to set up your website. Generally speaking, it’s best to work with a website designer and a website developer for best results. They’ll be able to create a page that only works, but keeps the user engaged and is easy to navigate. This will then allow you to sell your products around the clock and even sell to an international audience if you add the option of international shipping.

These are just a few different ways to earn some money from home. Hopefully, some will appeal to you and could help you to secure an income during these difficult and unprecedented times, or open up a door to a future career path that can bring you more joy and happiness! Just because you’re used to working employed in-office roles, or feel you’re meant to because it’s what everyone else does, doesn’t mean it’s your only option. Working from home can better suit a lot of people’s preferences. So, why not give it a try? You could find that one of the above options really works for you!

A pretty interesting post, huh?

Subscribe now to be informed of any new posts like this one via email

Latest from the Blog

Leave a Reply

Your email address will not be published. Required fields are marked *