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How to make extra money in your spare hours

By Bill Rollins 15/07/2022 2 mins read

You may be wondering how you can make money in your spare hours. The best techniques require minimal effort. No matter how lazy you are, you can find a method that works for you. If you're a homebody, consider upcycling or selling secondhand items. These types of businesses are very easy to get started and can become extremely lucrative if you're a success. You can also rent out your spare space.

Renting out an extra bedroom

There are many benefits and disadvantages to renting out extra rooms. Before renting your extra room, you should think about these things. But renting out your extra bedroom will give you more income than renting it out to tenants. Here are some:

Become a virtual assistant

The first step in finding your first virtual assistant gig is to create an online presence. This could mean setting up a LinkedIn profile, or creating a website. These things will give you an identity and help you stand out from the rest of the virtual assistant crowd. Although virtual assistant jobs can be found on job boards like Upwork, they are not always well-paid. Successful VAs expand their networks through asking for referrals, networking and joining Facebook groups.

Upcycling

Earn extra income by recycling your own items. You can sell upcycled products in your locality or online. One of the most popular platforms for selling upcycled items is Etsy, which has very reasonable fees and makes it easy to start an account. Facebook Marketplace is another site that allows you to both sell locally and internationally. This way, you can save on shipping costs and fees. You can also rent space at local boutiques so that you can sell your upcycled goods there.

Selling secondhand stuff

If you're tired of throwing away things, there are plenty of ways to make money from your old stuff. You can sell shirts, pants, shoes, and other clothing from your wardrobe. You can even sell brand-name items. You can also sell your clothing on an app or online. Use Mercari. Letgo. Poshmark or ThredUP are also good places to sell clothes.

Food delivery

Open-vehicle drivers can earn as high as $25 per hour by delivering food. Your location, number of orders, total cost of customers' purchases and tips will affect how much you earn. You could start earning money as soon as next week. You don't need a vehicle or a reliable means of getting to customers. Seamless can make you money by delivering food to your customers.

FAQ

How can I begin affiliate marketing as a beginner

Affiliate marketing refers to an online business model in which affiliates market products for merchants. Affiliates get a commission when customers purchase merchant products. Affiliates make money when referrals buy their products.

Find a product that interests or you and start affiliate marketing. Then, look for companies that sell the same type of product. You can ask similar companies to partner with you if they sell similar products.

You can also make your own website to list products. Affiliate marketing is this. Because they already have a large audience of potential buyers, many people prefer to partner with established websites.

Once you've found a product you'd like to promote, contact the merchant directly. Tell the merchant why you believe your readers will purchase their product. Ask them if you could work together.

If they agree, negotiate the commission rate you'll receive per sale. Make sure you disclose any previous affiliations you may have had with the merchant.

How much are Amazon affiliates paid?

Amazon affiliate program pays an affiliate commission based upon sales from links they place on their website. You will receive between 10-20% of the sale amount, which is typically $10-$30.

The number of products sold will affect the commission amount. If someone purchases a $50 item, 50 cents would be your commission.

The average affiliate makes between $100-$200 per month.

What time does it take to make affiliate marketing profitable?

Affiliate marketing takes about 3 months to start making money.

Statistics

According to the Baymard Institute, 69.82% of shopping carts are abandoned. (shopify.com)
The latest stats show that 87% of marketers use email marketing to distribute content. (shopify.com)
Instagram is the most popular channel, with 67% of brands using it. (shopify.com)
According to research from Adweek, over half (51%) of TikTokers make purchases from brands they see in the app. (shopify.com)
Some 70% of consumers say SMS is a good way for businesses to get their attention. (shopify.com)