The 5 Best Ways to Make Money from Home During a Lockdown

Reading Time: 4 mins

After more than a year of the coronavirus, most of us all around the world are pretty experienced with lockdowns and social distancing – not to mention a little sick of it. Any novelty that was there in the first place has worn off – but it’s never too late to find new ways to fill your time. And if you can make some money on the side, why wouldn’t you? 

In this article, we’ll run through five ways to make money from home safely, from earning cash by renting out your garage or driveway to those in need of parking or storage space to starting a side hustle.

• Rent out your space
• Invest
• Become a freelancer
• Try tutoring
• Set up a side hustle

 

Contact-Free Ways to Make Money from Home

1) Rent out your space

Own property you’re not using? Have a coveted parking space that’s unoccupied? Don’t just let it sit there. Instead, make some money off it by renting it out. 

Travel restrictions and limits on indoor mixing can make it difficult to let your property to holidaymakers or tenants, but businesses like Stashbee focus on providing customers places to store their goods rather than accommodation – and offer COVID-safe adjustments like remote key handovers.

These companies will also take care of bookings and payment, and offer insurance for added peace of mind. 

2) Invest

If you’re keen to turn the money you’ve already got into more, investing can be a great hobby to pick up. Rather than just letting your money stagnate in a bank account, where it might even lose value over time, you can experiment with investing. 

There’s a good range of apps that are tailored to newcomers, and those who want to can consult with professional brokers on where they should put their money. 

Top tip: While investing can be a great way to make money from home, it’s not risk free. While all you’d stand to lose with the other items on this list is time, you should know that investing can potentially eat up your savings. Stay safe, stay cautious and never put in cash that you can’t afford to lose. 

3) Become a freelancer

This is quite a general heading, but that’s partly by design. Freelancing is a wide world with lots of options to explore, and part of the fun can come from finding your niche.

Types of freelance work include: 

• Writing
• Filling out online surveys
• Managing a company’s social media presence
• And more!

If you’re looking for ways to make money from home, exploring the options for freelance work can be seriously worthwhile. 

Sites like Upwork and Fiverr provide heaps of opportunities for all sorts of odd jobs, and you can even make money from survey sites by sitting at home and watching videos – which, if you’re anything like this writer, you might have spent an embarrassing amount of time doing anyway… 

Getting set up as a freelancer is quick and simple too, meaning you can get started whenever you like. 

4) Try tutoring 

It’s a form of freelance work, sure, but tutoring is different enough that it deserves its own section. 

While in-person tutoring is out whenever there’s a lockdown on, online tutoring has been a quietly booming industry for years now. It has only increased in popularity during the pandemic, as more and more students have found themselves struggling to adjust to disrupted schooling. 

It’s easy to get set up, and most tutoring sites let you register for free. You can also find work through agencies, which can make it a bit easier to get clients as the agency will often match you with a student who suits your skills.

Top tip: Tutoring doesn’t just have to be in academic work. Many sites offer special sections for those who can teach things like musical instruments or even general life skills. So don’t worry if you don’t have any academic qualifications! 

5) Set up a side hustle

We’re not sure exactly when ‘side businesses’ or ‘extra work’ or even ‘hobbies’ became ‘side hustles’, but the phrase has an undeniable charm to it. Car boot sales might not be allowed in the midst of a lockdown, but why would you bother when you can set up an online store? 

Sites like Etsy provide great opportunities to turn your home craft project into a nice little side hustle, and the prevalence of social media means it’s never been easier to act as your own marketing team.

Times are tough, and nothing is going to make a lockdown actively enjoyable – but hopefully these ways to make money from home have given you some ideas for how to make the most of it. 

 

The post The 5 Best Ways to Make Money from Home During a Lockdown appeared first on MoneyMagpie.