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Great Ways to Supplement Your Income

We’re lucky to have access to amazing technology and be living at the point of inception for the sharing economy. This makes many great opportunities to supplement your income available.

Although we can’t do the work for you, we hope this guide sparks some ideas for supplementing your income – with all of the resources already available to you.

Airbnb has become a great resource around the world for adding what can be quite a sizeable chunk onto your income each month. Whether you have a spare room in your home that you want to rent out, or you want to offer up your whole house, Airbnb can be a great way to bring in money. Do, of course, be aware that in some cases it will require some property management, either from you or a third party.

Have you ever considered using apps such as Uber or Lyft to further supplement your income? You’ll be your own boss and work the hours you want to, giving you a perfect way to boost your earnings in your own time.

While driving your own car is one way to bring in extra cash, you can also earn money from someone else’s car too. Websites such as JustPark allow you to rent out your car space in time slots that fit around your schedule. Have a spare parking space? Use it to your advantage, it could unlock capital more than you think.

There is a host of online freelance marketplaces available on the internet such as PeoplePerHour, Fiverr, and Upwork. While it takes a little while to build up your profile, if you commit some time to these websites you’ll find that you can easily pick up work at your leisure. Similar to the apps mentioned above, you’ll be able to choose your own working hours, but you’ll also have the added benefit of having total control over setting your own hourly rates.

Perhaps you aren’t so keen on freelancing, but there are plenty of other services that you can offer to those looking for assistance. Websites such as timeetc allow you to sign up as a virtual assistant to help manage the tasks and schedules of others. It could also give you a great opportunity to be involved in some highly interesting projects!

Blogging is another great way to supplement your income. Many people blog as a hobby about their lives, whether this is their experiences with travelling, their knowledge on the latest tech or their favourite books. But did you know you can turn your blog into a source of income? Affiliate schemes such as Amazon Associates will allow you to generate personalised links for products on your blog which, if someone uses to purchase that item, will return a small amount of cash to you.

It can take time to develop your blog, but as with your freelancing profiles, time commitment at the beginning can lead to greater reward further down the line. If you’re particularly knowledgeable in a certain area, writing and selling an e-book can be another brilliant way to bring in a passive source of income.

Finally, do you know a language? Native English is a highly sought after language, and you’ll find many clients desire this on freelancing websites, but you can also supplement your income through the other languages that you know. Consider offering your services as a translator or teacher through the websites listed above, or use dedicated websites such as Verbalplanet.

There are hundreds of different methods to supplement your income, and those listed above are just some of the ways that you can be smart with your time, your skills and your assets. If you wish, these can also be your main sources of income, or perhaps you choose to adopt several of the above approaches. Either way, having multiple sources of income will allow you to do more of the things that you enjoy.

Be inventive and be intuitive – remember that every skill and service is desirable to someone, somewhere in the world.