Raise your hand if you love the idea of earning extra income or ditching office life to learn how to make money at home. Well, you're not alone. According to a 2017 telecommuting report by FlexJobs, the number of U.S. employees who worked from home at least half of the time has grown 115% in twelve years, from 1.8 million employees in 2005 to 3.9 million in 2017.
Advertising. You won’t have any quests until you get the word around about your room. Start locally by putting a sign in your front yard and spreading the word through friends and family. Next, build a small website and make sure that you attract the search engine spiders by using the keywords people would likely search for when looking for a place to stay in your area. In addition, there are sites that specialize in promoting specific areas and their attractions, such as HomeExchange, BedandBreakfast.com and Airbnb – your Bed and Breakfast should be listed there.
You might be desperate for work, but don’t necessarily jump at an opportunity that sounds too good to be true. In my article about common Craigslist scams, I wrote about fake employers who “hire” new employees, then “accidentally” send them too much pay. They’ll ask their victims to wire back the difference, but a few weeks later, when the bank discovers that the initial check is a fraud, the “employee” is on the hook for hundreds, sometimes even thousands of dollars. If a job offer sounds too good to be true, it probably is.
Getaround is the sharing economy's answer to rental agencies. The company allows you to rent out your car on an hourly or daily basis, starting at $5 an hour. Depending on your vehicle's market value, you set the price per hour, and Getaround takes a 40% cut to cover 24/7 roadside assistance and driver insurance. According to the Getaround, earning potential for renting your car when you're not using it is up to $1,000 a year.
Gig Economy Tip: Platforms like Fiverr are dependent on reviews. If you’re just starting out, pay a friend to buy your gig and review it after you complete the project. This will allow you to have a high star rating which will allow you to get your next few customers. Without a rating, it can be hard for a client to trust you enough to give you your first opportunity.
Comfort. Perhaps the biggest thing that you’ll need to do in order to create a successful B&B is to make sure that your guests are as comfortable as they can be. Remember, they’re paying more for the experience of being comfortable away from home. As a trial, spend a night in the room in your house that you intend to rent and view things from a guest’s point of view. Is the temperature comfortable? Is the bath in the room, or at least a comfortable distance away while still being private? Is the bed soft and inviting? The pillows? Is the bedroom interior design, including colors, soothing? Can you hear household noises, or do you feel that you’re in a world of your own? All of these are important questions to ask yourself, but the answers will determine whether or not your guests recommend your place, or come back for another stay. Think about all the minor inconveniences and discomforts that you’ve just gotten used to over the years, and remember that a paying guest might not tolerate those problems for a night. You may need to spend a little money to fix these issues.
6. Create a joint venture with like-minded businesses. Joint ventures are all about related businesses teaming up and combining skills, products, services and resources to create new streams of income and profit. One great way to profit through joint ventures is to seek out products or services that would benefit your visitors, and then approach the companies that provide those products or services. Ask them if you can recommend their product or service on your site for a portion of the profits. Most companies will gladly agree to this arrangement--after all, there's no risk for them since they only pay you when you refer a paying customer.
There are many people who start working online and after some time manage to quit their jobs. Some even manage to make six or seven figures annually. But let's keep our feet on the ground. What if you could generate an extra $1,000 monthly with your website? Many newbies reach that income level within six months of starting their websites, so it's a reasonable expectation. Wouldn't the extra $1,000 monthly improve your life a lot? Wouldn't it allow you to have more flexibility, to buy the things you want?