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Simple Ways To Earn A Second Income

Whether you’re saving for a deposit on your first home, your pension fund, that dream holiday, or you simply want to have a little extra in your bank account for emergencies, plenty of people would love to have a little extra money. Once you’ve done all the usual things of selling unwanted or unused items, cutting down on your daily expenses, and anything else you can think of to cut costs, it’s time to start thinking about extra income. Below are a few ways that you can earn a second income without resorting to sleepless nights.

Set up an online store

If you have a creative flair and love making things, be it artwork, jewellery, clothes or anything else, you could make a decent amount by setting up an online store. You will need to invest quite a bit of time to begin with to ensure that your business will generate a steady profit. Marketing and a solid web design will go a long way. However, it is important to remember that the average eCommerce site’s conversion rate is below 5 percent. This means that you will have to work hard to get the traffic passing through your virtual shop to linger and commit to buying your merchandise. Devoting time to your SEO will get the traffic up, but you need to work on your page layout and various factors to turn the browsers into buyers.

Start delivering

Almost everyone owns a car, and lots of companies will pay you to drive around in it. From pizza places to courier companies, there are a huge amount of opportunities to earn some extra money through a delivery company. If you own a van, then even better. Hiring a van can be costly, and some people may be looking to only use it for an hour or so, rather than a whole day like most rental companies offer. You could offer your services at an hourly rate, allowing people to contact you to move furniture or equipment for them.

Online tutoring

If you have a degree or have extensive knowledge in a particular field, you could offer your services as an online tutor. All you need is a Skype account and an email address as you’re away. There are a huge amount of websites that will allow you to offer your services to students who are struggling to understand their subject. You may have to take a little extra time to plan any lessons or mark papers or homework, but the work is well worth the money.

Use technology

Technology is a wonderful thing; it can act as an instantaneous middle-man for aspiring entrepreneurs. Air BnB allows you to rent out your spare room to any weary travellers, Uber allows you to use your car to taxi people to your heart’s content, and there are even other apps that allow you to earn extra money as a dog walker, delivery cyclist and many other things. Advances in technology and ingenuity have meant that it has never been easier to reach a huge audience as a small time business operator.

There you have it, a few virtually hassle-free ways of adding a little extra money to your bank accounts, all while letting you work to your own schedule.