These days, relying on your day job to make ends meet is not enough.
As the cost of living in SA continues to inch upwards, many people are struggling to keep money in their savings accounts, pay off debt or save for retirement. Fortunately, there are ways to make a bit of extra cash. You will most likely need to make a few sacrifices, such as work after hours or over the weekend, but, if the aim is to pay off debt or to save more, it may well be worth it.
Here are six ways you can make more money.
RENT OUT A SPARE ROOM OR GRANNY FLAT
If you have a spare room or granny flat that you rarely make use of; you could earn extra money by renting it out to holidaymakers and business travellers. A popular way to go about this is to list it on the online hospitality website Airbnb, which has been around since 2008.
It’s free to list your home or room, however, Airbnb charges hosts a service fee (including taxes, if applicable) every time a booking is completed. The host service fee is generally 3%, but some listers may pay more if they are Airbnb Plus hosts or have strict cancellation policies.
There are plenty of freelance marketplace websites that offer a platform for employers and employees to negotiate a deal on work that could fetch a flat fee or pay by the hour. They include Fiverr, Upwork, We Work Remotely and Jobvine.
See if your individual town or city has specific platforms that advertise part-time work or that you can add yourself to as a way to get more clients. For example, Cape Town has freelancecapetown.com, which enables freelancers to connect with “freelance finders” (employers).
For more information on training, networking and resources, visit the Southern African Freelancers’ Association website at safrea.co.za.
JOIN AN AGENCY
Agencies such as RecruitMyMom have flourished because of an increasing need for flexibility and the ability to work from home. Typically, RecruitMyMom will hire you as an independent contractor, but it also secures permanent jobs directly with companies.
Provided you have the right clearance information and qualifications, you could work with children. For example, Soccermom.co.za is a placement agency that sources drivers for parents who are unable to drive their kids to and from school due to work commitments.
Working for this agency requires some admin upfront, such as registering your profile and going through Soccermom’s interview and 10-point certification process. The process evaluates things such as the age of your car (which can’t be older than 10 years) and whether your vehicle is roadworthy.
Part-time work can also be found on recruitment websites such as Indeed, Adzuna and Gumtree.
START YOUR OWN BLOG
By blogging, it’s possible to make money through advertising, sponsored posts, brand collaborations, affiliate links, product and service reviews, giveaways and sponsored social media posts.
Writer, editor and brand consultant Mandy Lee Miller, who is the founder of parenting blog Mother City Millers, warns that you need to find the right balance:
The temptation to take any money offered regardless of the brand can be very strong. Almost every blogger I know has slipped off the slippery slope of overconfidence once or twice.
“If your content shifts from sharing your story to writing purely sponsored posts about the things you are given or paid to talk about, your audience picks up on it very quickly. And, because there are so many other bloggers out there, once your readers move on, they are very hard to get back.”
MAKE MONEY OFF YOUR HOBBY
If you are a crafty person – if you knit, sew or crochet, for example – you could make things such as clothes and blankets and sell them online through classifieds websites such as Gumtree.
Social media sites such as Facebook also have several groups where mums, in particular, can do business and advertise their services, especially in the run-up to Christmas. Many mums also successfully advertise their businesses and products on Instagram.
ANSWER SURVEYS OR DO MICRO JOBS
Companies need information all the time and you could earn money by giving it to them. There are several sites, such as Answered Insight and M4Jam, that offer you cash and other rewards for regularly answering surveys.
If you are going to rely on a third party to generate an income, you must be careful about who you approach and what you agree to do because there are a lot of fraudulent operators out there.
Any job opportunity that is offered where the “recruiter” is trying to solicit money should sound huge warning bells. Some may say that you need to pay a training fee, but this could be a scam to make off with your money. If there is an agency involved, the agency will seek a fee from the employer, not the jobseeker.