5 Ways To Increase Your Income Using Your Assets
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For many, Covid-19 has a huge impact on livelihoods and income. With unemployment set to rise to 6.5% of all workers by the end of 2021, people need to get creative and find new ways to make that extra cash.
There are many ways that you can use your skills and assets to unlock additional income and make money from the comfort of your home.
Here we share with you some important platforms and ideas to increase your bank balance:
1. Make money by offering your skills on Airtasker
During the pandemic, the task economy boomed with Airtasker, the community marketplace that connects people who need to get work to do with people who want to work. This year, the number of registrations this year increased by 30% compared to 2020.
If you’re a roofing tile, mechanic, or market researcher, you may have some of the most sought-after skills in the UK. But that is not all. Airtasker also saw a significant increase in “tech tasks” on the platform as digital natives turn their skills into a career lifeline, offering help with everything from advice on installing digital home fitness equipment to helping with home technology services, including digital presentations and resumes create.
2. Get paid for your opinion
During the lockdown, people spend more time searching for reality on the internet. Why not turn your scrolling time into extra cash by doing market research and completing online surveys?
There are many free online survey sites like YouGov or Best Paid Surveys (to name a few) that offer cash for your opinion on a wide variety of topics, with your contributions helping shape businesses around the world. This may not be the answer to making a substantial income, but it is an easy way to make more money from the comfort of your home or on the go. Top tip: never pay to sign up for a survey site!
You can find more information about online surveys here.
3. Turn Your Lockdown Hobby Into Cash!
Some of us have spent our bans honing a hobby or even learning (or at least trying) something new. Our newfound love of the great outdoors has resulted in many Brits rolling up their sleeves and taking care of their gardens. Perhaps your new gardening hobby could bring you some money from those who did not go to the trowel so easily? Perhaps your crafting skills have come a long way and you could fix someone’s favorite lockdown sweater or design custom pillow cases. Once you’ve spotted the creative flaw and painted some artwork or tried your hand at candle making, there are marketplaces like Etsy where you can sell your creations and turn your hobby into money.
Learn more about how to turn hobbies into cash.
4. Unused space? Rent it out!
As we approach spring and break out of lockdown, the UK property market is expected to warm up. Why not turn your unused space into a moneymaker and rent out your garage to help those who are in the limbo of moving? Stashbee offers easy listing and earning not to mention Covid-19’s important safety guidelines.
When people return to the office and want to avoid public transport, rent out your parking space to make some cash! Websites like JustPark are a great source for your driveway rental and find out how much you can make in seconds. Just check with your home insurer to make sure that this has no effect on your policy.
5. Sell your unwanted goods – or let someone do it for you!
The spring cleaning season is just around the corner and as we look forward to a summer full of conviviality (fingers crossed) you can make some money off of the unwanted items that have gathered dust. Why not refresh your wardrobe with new styles bought with the money from selling your unwanted clothes on sites like Vinted or Depop?
For those of you who don’t have the time to photograph and list all of your products, you can always reach out to an eBay sales assistant at Airtasker who is knowledgeable about these sales platforms and knows how to get the most bang for your buck. It’s that easy! Turn your unwanted items into extra cash, after all, one man’s trash is another man’s treasure.