5 ways to put extra cash in your pocket

We're becoming a nation of money savers, but even with our best saving skills at the ready, lots of us are still struggling - so how about making some extra money too? Whether you'd just like to earn a bit of extra pocket money or you've got a killer idea for a business, these are some great ways to bring in more cash:

Start a business

Perhaps you've got an idea for a business that's going to have Alan Sugar worrying about his share in the market. Perhaps you haven't. But if you want to be your own boss and be in charge of your own hours, starting a business could be the way forward. Have you ever wanted to buy something or use a service that didn't exist? Or do you know of a product or service that you think you could do better? Perhaps a great business idea lies in there.

Get into direct selling

Franchises like Avon, Jamie at Home, Neal's Yard Remedies and so on are great ways to earn some extra cash without having to think of a great business idea yourself. You buy into a ready-made business and use their tried-and-tested formula - whether it's selling through a website that you manage yourself, taking catalogues and selling door-to-door or hosting parties with friends and family.

Make and sell

Do you have a talent like baking, knitting, cross stitch, jewellery making or something else? Why not make and sell? You could start just by selling at car boot sales and through eBay, and if it's successful, it could turn into a more serious money-earner.

Use cashback

You already spend money on things like your food shopping and clothes, your mobile phone, insurance policies and more. So use cashback to your advantage - when you’re buying something online, go through Quidco first. You might only earn a little bit here and there, but it'll all add up and you can save it for a special occasion like holidays or Christmas.

Take advantage of what you've got

Think about what resources you have that you could make money out of. If you have a spare room in your house, or a parking space you never use, could you rent it out? Do you have a good knowledge of a language or musical instrument that you could pass on to others for a fee? Are you at home with the kids all day and could provide a childcare service for other families? Or perhaps you just have lots of spare time that you could use taking part in market research, walking someone's dog, being a life model (if you're brave enough!), delivering leaflets… The list is huge!

This is a guest post by Katie McPhillimy, the Money saver editor for goodtoknow.co.uk. Get more advice on how to make money from goodtoknow. 

No related posts.