5 Ways to Increase Your Income By Using Your Assets

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For many, Covid-19 has had a huge impact on livelihoods and incomes. With unemployment set to rise to 6.5% of all workers by the end of 2021, people are having to get creative and find new ways to earn that extra cash.

There are many ways you can utilise your skills and assets to unlock additional income and make money from the comfort of your own home.

Here we share with you some key platforms and ideas to help increase your bank balance:

• Offer your skills
• Get paid for your opinion
• Turn your hobby into cash
• Rent out your space
• Sell your goods

 

1. Earn money by offering your skills on Airtasker

The task economy has boomed during the pandemic, with Airtasker, the community marketplace that connects people who need work done with people who want to work, seeing a 30% increase in registrations across the board this year compared to 2020.

If you’re a roof tiler, mechanic or a market researcher, you may have some of the most sought-after skills in the UK; but that’s not all, Airtasker has also seen a significant rise in “tech tasks” on the platform as digital natives are turning their skills into a career lifeline and offering help with everything, from digital home fitness equipment installation advice, assisting with home tech services to even creating digital presentations and CVs.

 

2. Get paid for your opinion

During lockdown, people are spending more time browsing the web for an escape from reality;  why not turn your scrolling time into some extra cash by getting involved in market research and completing online surveys.

There are many free online survey sites, such as YouGov or Best Paid Surveys (to name a few), offering cash for your opinion across a variety of topics, where your input will help shape organisations across the world. Now, this may not be the answer to earning a substantial income, but it is an easy way to make more cash from the comfort of your home or on the go. Top tip: never pay to sign up to a survey site!

Find out more about online surveys here. 

 

3. Turn your lockdown hobby into cash!

Some of us spent our lockdown refining a hobby or even learning something new (or at least trying to). Our newfound love for the great outdoors has meant that many Brits have been rolling up their sleeves and tending to their gardens. Maybe your new gardening hobby could earn you some money from those who haven’t taken to the trowel so easily? Perhaps your needlework skills have come a long way and you could fix someone’s favourite lockdown sweater or design some custom-made cushion covers. If you have caught the creative bug and painted some works of art, or tried your hand at candle making, you could sell your creations on marketplaces such as Etsy and turn your hobby into money.

Find out more ways you can turn hobbies into cash. 

 

4. Unused space? Rent it out!

As we move into spring and ease out of the lockdown, the UK housing market is predicted to heat up. Why not turn your unused space into a money-making asset and rent out your garage to help those in house-move limbo. Stashbee offers easy listing and earning, not forgetting those all-important Covid-19 safety guidelines.

As people start to head back into the office and wish to avoid public transport, why not rent out your parking space to make an easy bit of cash! Sites like JustPark are a great source for renting out your driveway, where you can find out how much you could earn in seconds – just make sure to check with your home insurance provider that it doesn’t affect your policy.

 

5. Sell your unwanted goods – or get someone to do it for you!

Spring cleaning season is upon us and as we look forward to a summer of socialising (fingers crossed), you could make some money from those unwanted items that have been gathering dust. Why not revamp your wardrobe with some new styles bought with the cash made from selling your unwanted clothes on sites such as Vinted or Depop?

For those of you who don’t have the time to photograph and list all of your products, you could always call upon help from an eBay selling assistant on Airtasker, savvy on these selling platforms they know how to get the best bang for your buck. It really couldn’t be easier! Turn your unwanted items into extra cash, after all, one man’s trash is another man’s treasure.

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