How to Make Money from Home
Yesterday I talked about how I save saved £7,500 in the past 6 months. This £7,500 saving did include 2 money making schemes I have used which I shall go into a bit more detail in this post. It is completely possible to make money and a good living from a varied list of different tasks that can be done from the comfort of your own home or a bit of visiting/driving out and about.
The core of my blog Mrs Mummypenny is all about saving money and getting the best VALUE for your money. But did you know there are many other niche personal finance bloggers out there who specialise in other areas. There are Pensions & Investment Experts like Money to the Masses, Frugal/Debt experts like Skint Dad or Women’s Financial Empowerment like Money Nuggets. There are also Make Money experts like Emma From Aldi to Harrods. Emma Drew the founder, has been super helpful with blog advice and making money advice and has given me some interesting information for this post.
Now Emma can make money from home and has literally tried it all. I urge you to check out her website and read posts like Smelly shoes on EBay;-). Her website has been live for a few years so her income has taken some time to build and she has worked super hard to get it the level its at now with A LOT of traffic and A LOT of income. A big break came in April when she appeared in Mail online and the PR from that has been incredible. She is also extremely transparent about what she earns from where and whom. For May she has earned
- £2,600 from Affiliate income (links and referrals on her website and social media)
- £1,000 from Matched Betting (Risk free, tax free manipulation of free bets)
- £579 from sponsored posts. Brands paying to write a review of products or services.
- £105 from Mystery Shopping assignments
- £100 from EBay Selling
- £55 from online surveys
So in May that’s £4,439 from a combination of website income, matched betting and other stuff. Does this inspire you? She loves to splurge her earning on Disney holidays. Why not??!! She does Disney, we do Vegas!
Making Money – Mystery Shopping
I do a bit of this. So far this year I have mystery shopped a bank, and lots of supermarkets. This has not only earned me around £100 in cash but has also got me free Yorkshire puddings, protein muscle drinks (23 of them!) and smoothies. I use Ragdoll for the bank assignments, these pay VERY well, around £50 for the visit and 1 hour of your time. Use this form to register and be sure to use my name Lynn James as the referrer. As I will get a nice bonus for recommending you. Also there is RedWigWam for the supermarket assignments, use this link to sign up and also include my name as the referral. Mystery Shopping like this is quite fun!
Making Money – EBay and Facebook Selling
I have experimented with this a lot over the years. EBay tends to go in spurts of activity until I get bored or annoyed with all the questions/returns and issues!! I got so annoyed with EBay 2 years ago that I set up Knebworth Items for Sale, a selling group for my village on Facebook. It’s now got 2,500 members and so many people love the community spirit of buying, selling, free delivery without the fees. Of course these is abuse so there is a group of 3 us who admin the group. We are forever deleting chancers, dodgy folk and businesses touting their wares.
I have made a fair chunk of money on EBay too. I use it for the things that don’t sell on Knebworth Items for Sale. So good label clothes, random items with a particular market. The fees do really annoy me though, 10% to EBay and then another 3ish% to PayPal, plus postage. See my post about effective selling on EBay for more detail. Or find your local Facebook selling group and join it.
Making Money – Surveys and Apps
I have tried these but always get bored (there is a trend here!), it takes time to sit there filling in the surveys. Emma does fairly well and uses her downtime in the evening to do the surveys. Not one for me, but if you are interested have a read of Emma’s post on surveys.
There are also lots of apps to download on your phone that will make you cash. Apps like Bounts (if you sign up enter my referral code of james47013 please) will monitor the steps you take and give you points that can be exchanged for vouchers. Or read Emmas post for tons if Iphone money saving apps.
Making Money – Matched Betting
I have given this a go. I was very sceptical when I first heard about it and have read many blogs about it online, mostly positive but some negative. It really does feel too good to be true, but it isn’t. When I met Emma from Aldi to Harrods back in February I heard about her matched betting gains, a few other bloggers mentioned how easy it was and that you just needed some time to learn and then go for it. So after some consideration I did.
I started in March and by mid-April when we went on holiday I had made £2000. Yes, you heard right, £2000 in around 42 days. This took an afternoon of learning in early March. A did the trial from Profit Accumulator where you can make a £45 profit for free. And went for it. You need around £500 in liquid cash to get going.
The simplest way to describe it is using the betting companies who give you tons of free bets by matching bets on an exchange. So I might receive a £20 free bet from Bet 365, I bet on West Ham to win. I match this with the opposite result (West ham to lose or draw) on an exchange site like Betfair. So whatever the result you either win the profit from the free bet or the exchange.
There is some basic maths behind it but Profit Accumulator does everything for you. They have a calculator, tutorial videos, they even give you a list of all the matched betting offers of the day. The best thing to do is to give the trial a go, watch a few videos and see if it’s for you. This will earn you £45 for nothing so why not.
Making Money – Selling for Utility Warehouse/Phoenix Cards etc
So how many mums or dads at home have been approached by these companies? I am talking about brands like Forever Living, Utility Warehouse or Phoenix cards. I have been approached by all of these because I either know people who sell them or I am targeted because of my website.
I have looked into the model with interest. I am always keen to understand the product and the commercial model behind it. Utility warehouse is the one where several people have contacted me and I have had seen the presentation and have been sent the potential earnings.
Utility warehouse will combine all your energy, mobile and broadband costs into one package, and because 80% of the country currently pay too much for their energy (please please please guys check out Uswitch and do a comparison, I can bet you are paying too much!!) they can save you money. HOWEVER, peeps if you did a tiny bit of research and shopped around you could do exactly the same and actually pay less than what UW quote. I pay a lot less than the UW quote. Come on we all want to pay less for our boring direct debit essential bills!
The agent will then earn commission for signing you up and their boss will earn commission for every customer their recruits sign up. So if you are at the top of the tree, you have a lot of commissions coming in every month. So that’s the trick to UW, basically recruit a team who do all the selling for you and you take a cut of the commission as the person at the top. Around 5 people so far have tried to recruit me to work for them and sell it.
Sounding good? It is if you run and motivate a team, if you are brilliant and selling, if you don’t mind going through everyone in your network and pestering them to change their energy. This is hard-core selling. If you can do these things go for it. Email me and I can refer you to a rep, as I have a couple who live down the road! Yes, they have tried to recruit me and I have said no.
So there you have it. Pick and choose from that what you feel comfortable with and go for it. There is lots of money to be earned when you are at home on maternity leave, or if you are a stay at home mum or if you are on long term sick. Go for it.
1 year celebration posts and competition
This is post 6/7 in my week of blog posts to celebrate my 1 year of leaving EE and launching Mrs Mummypenny.
This also marks day 6 of my giveaway. Prize 6 in the bundle is a full set of Aldi School Uniform for boys. Including age 4-5 polo shirt in blue and trousers, plus size 11 black school shoes. Perfect for your little man starting reception in September. To see the uniform check out Josh in the new Aldi school uniform advert.
T’s and C’s
- The competition is run by Mrs Mummypenny Ltd.
- It closes on Sunday 10th July at 9pm.
- To be entered into the competition leave a comment on this post, or on my Facebook page, or tweet with the #day6MMP1year or on Instagram using the same #day6MMP1year.
- The prize is in my possession and will be posted week commencing 11th July.
- I will choose one winner at random using excel rand function and will contact you on Sunday 10th July.
- If I receive no reply I will move to the next winner in the list.
This post is laced with affiliate links so anything you see highlighted is a link to a website that may earn me commission if you sign up. Not the links to websites of my friends, I am just helping them out;-) SO you make money and I make money WIN WIN.