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6 Ways to Boost Your Income

You have a stable full-time job but you could do with making a few extra quids on the side because why not. The problem is – you don’t know what to do or where to begin.

The quicket answer to this conundrum? A lucrative side gig or a second job.

While there are many side hustle ideas that can help you boost your income, nothing beats the effectiveness of taking up a side job. According to new research by GoDaddy, about 20% of the UK’s working population will be looking for a side hustle in 2024.

To help ease your financial burden, we’ve compiled a list of six 2nd job ideas that you can pursue. These side jobs will enable you to become financially independent and gain better control over your financial situation.

Let’s get started!

  1. Provide Career Mentorship

If you have been working in a particular field for many years, you have the skills and knowledge required to grow in the industry. You can direct this expertise and mastery towards earning extra income by way of career mentorship. When you sign up as a mentor, you get the opportunity to guide and help freshers and interns or anyone interested in your field to acquire the necessary skills needed to ‘make it’.

The second job option gives you the chance to offer valuable career advice to others while creating an extra earning opportunity for yourself. For example, financial advisers can share their wealth of financial knowledge and expertise with newcomers in the industry and charge a fee for it.

  1. Make Use of Your IT Knowledge

If you possess skills in one or more areas of IT like programming languages, cybersecurity, or system administration, you are in luck! Along with your primary job, you can leverage this knowledge to create a side job. The IT sector is a booming industry currently and for good reason.

You have a number of options to generate extra income using your IT experience. Create online courses or tutorials based on your niche. You also have the option to work as a freelancer for small businesses as you offer your expertise to develop and maintain websites, enhance cybersecurity measures, or troubleshoot technical problems.

Being a techie is certainly going to pay off and there’s not a better time to get started than now!

  1. Open A Small Home Business

A side business doesn’t need to be elaborate. Small business ventures that can be operated from your home make for a brilliant side hustle. Home business options such as catering, organic farming, handmade crafts, virtual assistance, etc. are just a few good examples.

Think about something you are passionate about and are good at. Additionally, carefully consider other factors like whether you would be able to manage it within the available time or does it requires considerable investment. Once you’ve ironed out the details, its going to be about creating a balance between juggling your full time work with your at-home business.

Test the waters though before you jump in with both feet. The good thing about this is that you can try a bunch of different things before settling on a side job that resonates with you.

  1. Rent the Extra Bedroom

If you have extra space in your home, put it to use and pave the way to create an additional source of income from it. For example, if you have an extra bedroom or two, renting it can be a lucrative solution.

To make this process easier, consider enlisting your space on rental websites like Airbnb. However, this option is feasible only if you own the property or if your rental agreement allows you to sublet the space. There are several other websites that you can enlist yourself on that allows you to become a host for solo travellers and a range of different people.

There’s so much you can do here from bed and breakfast, guest house to leasing your property or a part of it – find what you are most comfortable with and let the money pour in!

  1. Share Your Talent 

If you have a hobby or possess a particular skill, consider using it to boost your income by teaching it to others. What better way to make some extra quids than by teaching something you love doing? Whether you excel in baking delicious treats or creating beautiful DIY cards, offering courses in your area of expertise can be rewarding.

You have the flexibility to conduct these classes online or offline, allowing you to reach a broader audience. Assign a space in your home to carry on your teaching sessions or you also have the option to organise a virtual workshop.

  1. Become a Social Media Influencer 

Perhaps the most popular side jobs that people are actively considering today,  becoming a social media influencer seems to be top of the list for many. Social media has the power to increase your reach and impact, allowing you to connect with people from all around the world.

Select a particular niche, something you absolutely love. It can be anything from fashion and fitness to hair and skin care and arts and craft – the options are endless! While this option has great potential, building a strong social media presence often is a slow process, so you have to be patient.

Once yo garner some attention and following, it may open doors for paid collaborations with brands that resonate with you and your content.Furthermore, platforms like YouTube allow you to monetise your content, making it one of the most sought-after 2nd job options.

Note that this is a very saturated space already so being unique and biding your time will be of essence here.

To Sum It Up 

These are just a few secondary job ideas that you can consider to make something extra on the side. However, mind that whatever option you plan to go ahead with will need dedication and time for it to become a reliable source of supplemental income.

It’s important to set realistic expectations and be patient as you work towards building a sustainable and meaningful second income stream.

IEMA IEMLabs
IEMA IEMLabshttps://iemlabs.com
IEMLabs is an ISO 27001:2013 and ISO 9001:2015 certified company, we are also a proud member of EC Council, NASSCOM, Data Security Council of India (DSCI), Indian Chamber of Commerce (ICC), U.S. Chamber of Commerce, and Confederation of Indian Industry (CII). The company was established in 2016 with a vision in mind to provide Cyber Security to the digital world and make them Hack Proof. The question is why are we suddenly talking about Cyber Security and all this stuff? With the development of technology, more and more companies are shifting their business to Digital World which is resulting in the increase in Cyber Crimes.
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