Four months ago, businesses were forced into a new way of working. If companies hadn’t already set themselves up for the new digital age, then the global pandemic was about to shift its gears and force them into a whole new way of solving problems. This not only allowed people to continue remote working from home but opened up new ways of thinking and avenues for how you could make extra online money from the comfort of your home. Below are just some ideas to help get you started on how you can boost incomes from the comfort of your home.
Become a Virtual Personal Assistant
Do you consider yourself to be extremely organized? Then becoming an online personal assistant may be the job for you. Now more than ever, as corporates adjust to a new way of working, they may need additional help with their daily business or personal tasks, and one simple way to boost your income from home is to help others as a virtual assistant. So long as you’re highly organized and your time management skills are on point, this could be a fantastic way to enter the digital services industry.
Many people are finding it difficult to manage their time from home or may have had to furlough employees as they commit to looking after their children and families, giving you the perfect opportunity to offer your services on a full or part-time basis from the comfort of your home, no matter where you live.
Now that many of us have had to play teacher for a while, you may have picked up some useful skills you never thought you’d have. Perhaps you’ve finally mastered algebra or could lend a hand with tutoring biology. There is a whole range of topics you could teach online including helping others to learn languages or teaching someone how to play an instrument; the world really is your oyster when it comes to tutoring online, especially with the help of digital instant messaging and video chats such as Microsoft Teams to allow you to work remotely.
Rent Out Your Spare Room
Another way you can earn an extra income while also helping others during a time of need is to rent out part of your home. There may be a family member or friend who may have found it difficult to keep up with rent payments, and so a reduced rental fee from a loved one could not only help them out but help you cover any costs you’ve been worried about too.
Boosting your bank balance couldn’t be easier. You can sign up to the rent a room scheme and start renting your space today. You’ll not only earn an extra income but £7,500 a year is exempt from tax.
Invest in Stocks
For savvy investors, you may wish to turn your time to the stock market. Following the outbreak of Covid-19, it is also considered a great time for buy to let investors as mortgage rates are low, and demand for rental property is high, so if you’ve ever fancied becoming a landlord now could be the perfect opportunity to invest in property as a way to increase your income and long-term profits. Online information about buy to let is available from companies such as RWinvest if you’re thinking about investing in property. They offer a range of guides, videos, and podcasts on emerging UK markets, helping you to take the next step in achieving financial freedom.