How Your Home Can Provide an Income Stream
When you want to earn a little more money, you might look for a side hustle that can provide a few extra hours of work. But getting a second job isn’t the only way to earn. You can also use your assets to create another income stream and your home is a great place to start.
There are all kinds of ways to make more money, but these ways will bring you so much more than that. Treating your home as an asset can be quite difficult if you are very private but for many people, using a home as a business can be quite a social endeavour. Money aside, any of these ideas could be great for making new friends and enjoying yourself.
Sites like Airbnb have made hosting a very popular way to make a little extra money on the side. All you need is a spare room (or be willing to let your whole home while you are away) and you can start welcoming guests immediately.
Making your space look appealing is a good way to boost the value of your offer. Tidy up any personal possessions and make sure that everywhere is completely clean. Opening a window to let some fresh air in is always a good idea. You might also like to think about the small touches hotels use to add a little luxury like chocolates on the pillow and miniatures in the bathroom.
The right bedding can make a real difference too. Buying wholesale bed runners, duvet covers and sheets is a good idea if you are going to host a few different guests over a short period of time!
Throwing Dinner Parties
If you are a good cook and you like to experiment, there is now a demand for more private dining experiences that you might like to get involved with. When the recession hit in 2008, supper clubs and secret dining clubs started to spring up as a way to enjoy dining out without the large fees charged by restaurants.
There are a few rules attached to creating a supper club and you may need to apply for a food premises licence if you plant to host on a regular basis. Once you are set up, you can market your services online but don’t underestimate the power of word of mouth for things like this. People love to feel that they have insider knowledge no-one else knows.
Hiring Out Your Space
Not everyone is a happy host or a good enough cook to make the first two options work, but there is another option available. Photographers and artists are always looking for spaces they can use to stage their works and if you have a particularly dynamic interior, you might even attract some of the big magazines or TV studios to use your home as a set.
This can be a very lucrative option but you must be warned – you may have to make stylistic changes to your home to make it more appealing and you aren’t guaranteed to get commissions.
+++ Collaborative Post +++
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