Are you wondering how you can make a little extra cash without having to venture outside? It’s easier than you think. From taking part in surveys and selling stuff online, there are numerous ways that can help you earn more money without making a lot of effort.
Don’t believe us? Here’s a quick rundown on 5 ways to make money from home in Australia. Try them out and see for yourself!
5 Ways to Make Money From Home in Australia
1. Take Part in Online Surveys
We live in a data-driven world. More and more companies understand the importance of market research to offer better products that appeal to customers. Surveys are a useful tool here. A lot of companies and market research groups pay participants willing to fill out an online survey.
All you have to do is answer a few questions, and voila! You’ll get paid. You can fill out most surveys on your phone in your spare time.
This method may not help you make a lot of money at once, but it’s a start. You might also get paid in the form of gift cards. We recommend checking how they will pay you so you know your options.
Pro Tip: There are also a lot of fake websites out there. You want to be sure you are participating in a legitimate survey to avoid wasting time.
2. Trading Shares
If you are looking for ways to make money from home in Australia go, you can also try trading shares. Bear in mind, this method is a lot riskier than filling out a simple survey online. However, it does offer a much better pay-off.
A share represents a piece of ownership in a company. When the company performs well, the value of the share will go up and vice versa. You can buy shares in a company and sell them once they increase in value.
The difference between the purchasing price and the selling price is your profit. You can also make money by holding on to the shares and getting dividends. A dividend is a portion of the company’s profit that they pay their shareholders.
You will have to reach out to an online broker to start trading shares. They can help you figure out which shares you should buy. Be sure to check the fees they charge and the type of customer support they offer.
We also recommend buying shares from blue-chip companies in Australia. Some common examples include Bapcor, Life360, Qantas, Woolworths, etc. These companies have a long history of profitability, which improves your chances of earning money.
If you need more advice on trading shares, we recommend speaking to a financial advisor.
3. Sell Stuff You Don’t Need
Most of us are pack rats, with the tendency to hoard stuff we don’t need. Even if you try to get rid of all the junk you have accumulated, your mind usually tricks you into a series of what-ifs making the whole thing futile.
This is a great way to boost your income, though. We recommend setting aside all the clothes, jewellery, shoes, and other items that you haven’t used in a while. You can take pictures and list these items on sites like eBay, Facebook Marketplace, or Gumtree.
When you are determining a price for these items, we suggest checking the prices of other similar items on these sites. You also want to take the following things into consideration:
- What was the item’s original price?
- How old is it?
- What is its current condition?
As long as you are offering a fair price, you are likely to find plenty of people who would be interested in items you don’t need. It’s also a great way to declutter your home.
4. Try Out Online Tutoring
Online tutoring is one of the best ways to make money from home in Australia. You can put any tutoring or teaching experience you have to use and teach online. It is also a viable option if you are a subject matter expert in certain areas.
Some ways to tutor online include:
- Engaging in one-on-one live video chat sessions
- Arranging online webinars with small groups
5. Start a Blog
If you want to try and make money online, you can also start blogging. However, unlike other methods, monetising a blog requires a lot of effort. You will also have to deal with a lot of competition. We recommend starting a blog using WordPress, Blogger, SquareSpace, or Wix.
Choose something that you are passionate about and start posting. The more you post, the easier it will be to build traffic. You can also promote your posts on social media to increase engagement.
If your blog starts attracting sufficient traffic, you can enter into partnerships and earn money. You could:
- Sell advertising space on your blog
- Do product reviews
- Write sponsored posts for other companies
Some of the things that might improve your chances of making money via blogging include:
- Producing high-quality content
- Building your blog around a popular topic
- Engaging your audience and retaining them
In a Nutshell
Image Description: A person counting money
Earning money online can sound like a pipe dream, but it isn’t. There are plenty of ways to make money from home in Australia. If you are looking for something that doesn’t require a lot of effort, we suggest starting with online surveys and selling unwanted items.
You can also learn about trading shares and work with a broker to earn money. If you have more time on your hands, online tutoring and blogging are both excellent options. You get to talk about the things you are passionate about and share your knowledge with others. You could also meet some interesting people!
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