Kylie Ofiu - Fast Money: Boost Your Earnings

First published in 2013 John Wiley & Sons Australia Ltd

42 McDougall Street, Milton Qld 4064

Office also in Melbourne

The moral rights of the author have been asserted

Fast Money: Boost Your Earnings From Home Kylie Ofiu 2013

Excerpts taken from 365 Ways to Make Money, first published 2011 by Wrightbooks, an imprint of John Wiley & Sons Australia, Ltd

National Library of Australia Cataloguing-in-Publication entry:

Author: Ofiu, Kylie, 1985-

Title: Boost Your Earnings From Home [electronic resource] / Kylie Ofiu.

ISBN: 9781118613047 (ebook)
9781118613054 (ebook: Kindle)

Series: Fast money.

Subjects: Home-based business New business enterprises Supplementary employment Self-employed.

Dewey number: 332.02401

All rights reserved. Except as permitted under the Australian Copyright Act 1968 (for example, a fair dealing for the purposes of study, research, criticism or review), no part of this book may be reproduced, stored in a retrieval system, communicated or transmitted in any form or by any means without prior written permission. All enquiries should be made to the publisher at the address above.

Disclaimer: The material in this publication is of the nature of general comment only, and does not represent professional advice. It is not intended to provide specific guidance for particular circumstances and it should not be relied on as the basis for any decision to take action or not take action on any matter which it covers. Readers should obtain professional advice where appropriate, before making any such decision. To the maximum extent permitted by law, the authors and publisher disclaim all responsibility and liability to any person, arising directly or indirectly from any person taking or not taking action based on the information in this publication.

How to use this book

In this e-book you will find 99 different ways to make money from home.

You can read the ideas contained in this book from cover to cover if you like. Alternatively you can select chapters relevant to your needs and interests. This book is not just a long list of ideas. Each idea explains what it entails and there are symbols in place to help you know at a glance if the idea suits your needs, such as whether you can put an idea into practice from home, if you need qualifications or money to start and so on.

Following is the symbol system used in this book:

This house is placed next to ideas that you can action from home.

This graduation cap is placed next to ideas you may or defi nitely do need qualifi cations for.

This single dollar sign is placed next to ideas that have a start-up cost but it is under $200.

These dollar signs are placed next to ideas where you will need to spend money before you can make money.

This mouse symbol is placed next to ideas that you will need a computer for.

This rating is placed next to ideas that children (anyone under 18 years) could undertake.

If you would like more information about these ideas or how to get them happening, visit my website www.motherearthnews.com.

Rent a room to a boarder

Renting a room to a boarder can be one of the fastest and easiest ways to make money. It is also something that requires very little effort providing you begin with a good agreement.

You will need to advertise your room stating whether it is furnished or not, if you accept males or females, smokers or nonsmokers only and so on. The ads can be placed in the classifieds of a newspaper, in university newsletters or online. There are lots of free and cheap websites now that accept advertisements for rooms for rent, such as www.gumtree.com.au.

When you get applicants, host interviews asking all the questions you can think of and lay down the ground rules. If someone doesnt feel right, trust your instincts.

If you have a furnished room, you can charge more than the base rate. You could also offer meals for a set fee. Depending on where you live you can expect to rent your room out for $100 to in excess of $200 per week.

Rent your house out while youre on holidays

A great way to earn a little while you are on holidays is to rent your house out. Often over the Christmas break and school holidays friends have families visiting and may not be able to accommodate them. This option offers those people cheaper accommodation than a hotel room and it will help you pay the mortgage while you are away.

You will need to discuss the ground rules, the cost of rent and bond, if pets are allowed, if smoking is acceptable and so on. It is a good idea to lock away and store anything you do not want used or accessed. Most people wont rifle through your things, but it will put your mind at ease.

Depending on where you live you could make between $300 to $500 a week, or even more if you own a coastal property.

Rent your house to film and TV companies

If you live close to where films and TV shows are produced, you could offer your home as a location for scenes. Since your home will not be used all day every day it can be a great way to make a bit of cash.

Film companies often want a house for contracts of nine months or more, with access to it pretty much whenever they like day or night but your house is unlikely to be used every day during that period.

TV shows are usually filmed seasonally, and again it is unlikely that your house would be needed for every episode, so it might only be for a few days here and there. Commercials usually only take between one and two days to film.

Be aware that they may want to make alterations to your home and that there is a chance your house may get damaged during filming. Also having lots of people, trucks and cars in the street may upset your neighbours.

The best way to begin is to contact a location scout who will check out your house and area if they are interested. For a complete list of location scouts around Australia, have a look at www.kftv.com/product-country-3580-AUS.html.

You can make in excess of $500 a day for TV ads. If your property has amazing views, you can earn thousands of dollars a day. Its all about what people are looking for.

Rent your attic or basement for storage

If you have a large attic or basement you dont use, you could rent it to people needing storage. You would need to work out a good agreement, including when whoever is renting can access their belongings, what can and cant be stored, how much notice you require before a visit, how much you will charge and the length of the contract, how far in advance payments need to be made and what happens if they stop paying.