Top 5 Ways to Make Money From Home
(That anyone can try!)
I mainly focus on online money making strategies in my blog, however it would be foolish not to incorporate strategies for making money from home that aren't entirely internet reliant.
Of course, these days all money making strategies use the internet to some extent. Even if this simply involves going through your e-mail contacts or social media connections to publicize your activities.
Of course, these days all money making strategies use the internet to some extent. Even if this simply involves going through your e-mail contacts or social media connections to publicize your activities.
Therefore, you will see that some of the suggestions below do not require extensive internet use.
Here are the top 5 ways I have identified to make money from home:
1) Start your own 'Cottage Industry'
1) Start your own 'Cottage Industry'
Primarily, this refers to arts and crafts, however the concept can be extended to niche hobbies such as stamp collecting, drawing and painting among others.
You can sell your ways the conventional way at craft fairs, or on online on ebay, or more recently Etsy and Redbubble.
How much?: Hundreds of pounds or dollars a month depending upon your time, talents and ability to sell your goods.
2) Take in Foreign Exchange Students
Renting out an available room or floor space to an exchange student can provide a steady stream of income. Get in touch with local secondary and language schools to find out about how they find accommodation.
You also get the added benefit of brushing up on your language skills!
Of course, if you're looking for a more permanent means of renting out additional space, I'd recommend airbnb.
Of course, if you're looking for a more permanent means of renting out additional space, I'd recommend airbnb.
How Much?: Rates of course vary dependent upon the level of accommodation you can provide. In typical circumstances you'd be looking at above £80 ($120 USD) a week.
3) Earn from Internet Research
From time to time, internet businesses such as 63336 will take on researchers.
This is how it works: A customer searches for the answer to a random question by sending a text to researchers -you- who replies with the answer.
The advantage with this line of work is you can choose the type of questions you are willing to answer, and your hours of work.
To find vacancies, I'd recommend following 63336 via Twitter.
How Much?: You will be paid at a rate of 40p (about 70 cents) a question. The amount you can earn is dependent on the time you are able to put in!
4) Ironing Services
This was a very popular money-making from home strategy in the 80s and 90s, and it is no less relevant now!
Set yourself up as professional ironing service, advertise in local shops newspapers and online via gumtree. A good tip is to advertise in the poshest areas, that way you can typically charge more!
How much?: Typically an ironing business charges per item, with 20 items costing approximately £10 ($15-16 USD). It is best to check what the competition is charging before deciding on pricing though.
How much?: Typically an ironing business charges per item, with 20 items costing approximately £10 ($15-16 USD). It is best to check what the competition is charging before deciding on pricing though.
5) Solve Companies' Problems
I have saved the most interesting, and most perplexing one til last!
Several companies put problems online and offer cash to people who can come up with effective solutions.
While no guarantee of raking in cash, it can be an interesting and potentially very lucrative way of making money from home.
InnoCentive is the main site companies use to post such problems. Although they're often quite technical, previous projects have been as simple as low cost label solutions for a company that was worth £5000 ($7800 USD).
How Much?: No guarantees here, but top paying solutions can be worth up to £600,000 (just short of $1mil USD), for the right solution!
So it is definitely worth checking out!
