Category: Internet Marketing

Is Hiring PEO Services Worthwhile for UK Businesses?

Home Business Magazine Online

When getting your business up and running in the UK, there can be a lot to consider and keep in mind to ensure that you not only get off to the best start, but also tick all of the right boxes to comply with UK law and the requirements outlined by the HMRC. When all of this feels overwhelming and complicated, it may be time to hire Professional Employer Organisation (PEO) services to help you out.

What Can a Professional Employer Organisation (PEO) Do?

A UK Peo acts as an assistive service when outsourcing employer-related human resources. It can professionally handle all of the necessary protocols and functions when taking care of the needs of your employees. When entering into a co-employment relationship, you can expect:

  • Integrated HR services
  • Compliance assistance
  • Help with recruiting and hiring
  • Help with employee onboarding and training
  • Payroll management
  • Help with employee handbooks
  • Benefits administration
  • Unemployment administration
  • Help with workers’ compensation
  • Employment tax management

Benefits

Aside from the level of assistance and support offered by PEOs, here are some of the major benefits of hiring this service:

The Ability to Dedicate Your Efforts Elsewhere

As there is simply so much to take care of when considering employer-related human resources, it takes up a significant amount of time and energy to correctly handle everything. When you have a dedicated PEO team, you will not have the additional responsibilities associated with this and will be able to better direct your efforts and expertise where you need them most.

Peace of Mind

A huge, complicated workload undoubtedly leads to stress. Moreover, when you are not familiar with the processes of employment-related HR, you overlook some very important aspects that cost you money. (For example, you may miss a legal requirement that results in a fine.) Having a dedicated, expert team taking care of everything for you means that you can sit back and relax knowing that your employees will be happy, all payments have been made, and your business will be functioning at full capacity.

Not Designed to Replace Internal HR Teams

Some businesses may worry about replacing their current HR team and may feel like the firing process will be too stressful to undertake and end up not hiring PEO services when they need specialist assistance. The good news is that these teams are not actually designed to take on the roles of in-house HR operatives. They are instead typically employed as assistive measures when businesses need to reduce the time and effort spent on complicated or involved tasks that help them to remain compliant with the employment laws set by the HMRC.

As your HR team will not have to take on additional roles, they will also have the benefit of better dedicating their efforts to creating strategic initiatives, building relationships within the company, and sourcing top talent. In the grand scheme of things, this will help your business to function better overall.

The post Is Hiring PEO Services Worthwhile for UK Businesses? appeared first on Home Business Magazine.

Original source: https://homebusinessmag.com/management/employees/hiring-peo-services-worthwhile-uk-businesses/

Five Ways to Fund Your Business

Home Business Magazine Online

It is not always easy to fund a small business. However, when you need money to get your idea off the ground or grow your company, you have options. Small business loans are just at the tip of the iceberg. You can fund startup costs with a business credit card or line of credit. You can try crowdfunding to raise money for your big idea. If you only need a small amount of money, a microloan might be the best option. In addition, if you want to grow your company, attracting investment dollars is the best way to do it. Here are some of your options to fund your business.

1) Small Business Loans

Small business loans are available from traditional lenders like banks and non-traditional lenders online. A traditional small business loan takes a little longer to get — usually, the application will take weeks to process. However, if you can afford to wait for your loan money, you will get a better interest rate from most traditional lenders. However, you will need to have been in business for at least two years. Moreover, you will need to show financial statements and other proof that your business is sound.

Non-traditional business loans are the way to go if you need money right away, for example to make payroll, cover daily operating costs, or seize an opportunity that might be gone by the time a traditional loan gets approved. You can apply online and the requirements are a little less strict, so the application processes quickly and you can get your money in a matter of days, rather than weeks.

2) Business Credit Cards or Lines of Credit

Business credit cards and lines of credit allow you to borrow as much as you need up to the credit limit. You can get a business credit card or line of credit using your personal credit score and finances, so they are easy to get even if your business is still very new. However, in order to make this source of funding work to cover startup costs, you are going to need to keep those costs to a minimum and perhaps bring in additional sources of funding, like personal savings or a loan from family. Once you are doing business, you can use a business credit card or line of credit to keep track of what you buy for your business, so you will have that info at tax time.

3) Crowdfunding

Crowdfunding is a new and popular way to generate the capital needed to start a business. You will need to build up buzz for your product online in order to appeal to your customer base and meet your target. If you use a rewards-based crowdfunding platform like Kickstarter, you will need to be prepared to offer donors something in exchange for their donation. Usually, people offer branded merchandise, event tickets, or early access to new products.

4) Microloans

Sometimes you just do not need a huge amount of money to meet your business needs. If you need a loan smaller than $50,000, you should consider a microloan. The U.S. Small Business Administration offers microloans of less than $50,000 to entrepreneurs looking to start or grow their businesses. These loans are not available through traditional lenders, but through a network of non-profit lenders. The microloan program is designed to offer funding to business owners in low-income areas and small businesses that would not necessarily qualify for traditional funding. The average SBA microloan in 2020 was $14,434 with an interest rate of 6.5 percent. Forty-seven percent of those loans went to businesses owned by women.

5) Investment

If you want to grow your business into a large company, attracting investment may be your best way to proceed. You might need to give up some equity in the company to your investors, and there will be an expectation that the business will grow exponentially, providing those investors with a big return on their investment. Venture capital firms tend to want to work with the kind of startups that can scale rapidly, while angel investors are usually more interested in investing in small businesses. You can find an investor using the crowdfunding platform like Mainvest, for small businesses, or Wefund, for businesses that want to scale.

Final Notes

Finding funding when you need it is one of the biggest challenges you will face as a small business owner. Make sure you understand your small business funding options, so you can get the money you need to start and grow your company and be your own boss.

The post Five Ways to Fund Your Business appeared first on Home Business Magazine.

Original source: https://homebusinessmag.com/business-start-up/raising-money/five-ways-fund-business/

Make Money from your Outbuilding

Reading Time: 3 mins

Homeowners are seeking ways to combat the currently all-too-notorious rises in energy bills and the cost of living crisis that’s all over the news right now. From renting out your driveway to turning your shed into a source of income, there are plenty of ways your home could serve you in making cash.

One such possibility is for homeowners who have an unused annex or outbuilding that could provide ‘passive income’. Such an opportunity comes as new research from IW Capital found out that 39% of Brits view passive income sources as a way of complementing their income.

If you are lucky enough to have an outbuilding, keep reading to find out more.

 

How Much can be earned?

David Hannah, Group Chairman of Cornerstone Tax, posits that if these annex owners take necessary steps to create an Airbnb opportunity, this could open up an extra income averaging up to £6,000 a year: that’s two months paid salary for a median UK household. UK hosts on Airbnb collectively earned more than £1.5 billion in 2021, giving homeowners the decision to cap their own nightly price for the property.

Hannah goes on to state that while the demand for UK Airbnb properties is very high, and likely to continue this year due to key events like the Commonwealth Games and Jubilee, it is essential that homeowners do some serious research and preparation before opening up their properties to the public.

“We’ve all seen the rise in the cost of living and energy costs and, during the course of the pandemic, the increase in the trend of staycations. The likely restriction in consumer spending power may well encourage people to carry on holidaying in the UK. You may be facing increasing bills on your property and thinking that your unused annex or outbuilding could be used as an Airbnb for people who want to staycation in the English countryside.”

 

How to do it

Step one

Getting an annex or outbuilding ready to make sure it’s suitable for people to stay. That means you’re going to have to go through that building and make sure it contains all the basic necessities for living – it’s got to have somewhere to cook, somewhere to bathe, somewhere to go to the toilet and of course, somewhere to sleep. It’s got to be suitable for use as a dwelling.

More importantly, if you’re dealing with an annex, you’re probably already up to domestic insulation standards, but if you’re converting an outbuilding you’re going to need to think about insulating it. Making it green, maybe installing a log burner or some other form of heating. But ultimately, what you are going to need, above all else, is planning permission. This could take several months depending on where you are and the state of your property.

Let’s assume that you can get all that in place – what do you do next?

Aba Andam

Step two

You need to make sure that your annex or converted out building has a separate meter, not necessarily a separate account, so that you can recover part of the costs of electricity and heating against the income that you earn from Airbnb. The important thing is to count everything that you use wholly and exclusively in that business and put it into your accounting software and claim it against your income tax – maximising the return.

Airbnb, running holiday cottages, that’s a business of holiday letting and you’re going to need to register yourselves with HMRC as having this new trade so that you can do self-assessment returns at the end of the tax year.

Step three

“When you’ve got all that sorted, you’re ready to run and you’ve got to market it. This means you have to upload it to Airbnb, you might even want to build your own website to increase the promotion. You’re ready now, it’s open and you’ve got guests booked in. It’s a chance to make a separate source of revenue which is extremely useful in these times.”

 

Other ways to make money

Our editor Vicky Parry says:

“We need to all be thinking outside the box a bit these days. Understandably, if you are someone that has an annex already, we recognise that you are highly likely not someone in the same amount of financial trouble as others. We have, however, observed that these price hikes have impacted a complete cross-section of society, and it’s clear that we need to be thinking creatively how to monetise what we do have. On MoneyMagpie we have so many suggestions for everyone.”

 

Ask your money-making questions

The Magpie community is full of savvy money savers and makers – and now’s your chance to ask your burning questions!

The new MoneyMagpie Messageboard brings together the Magpie community, MoneyMagpie team, and vetted experts to make sure your essential money-making questions get answered.

Take a look here and register to post a new thread or reply.

The post Make Money from your Outbuilding appeared first on MoneyMagpie.

Original source: https://www.moneymagpie.com/make-money/make-money-from-your-outbuilding

Are vegan egg alternatives the future?

Reading Time: 2 mins

Are vegan egg alternatives the future?

Veganuary is in full swing, with over 800 brand spanking new vegan products being put onto shelves in supermarkets across the country. In recent years it has gained popularity, with one person signing up to take part every 2.4 seconds this year. 

In recent years, 85% of participants have subsequently reduced their animal product intake after taking part in Veganuary, with 23% of non-vegan participants remaining vegan long after January ended. 

However, 20% of participants of Veganuary 2021 said their biggest challenge was missing non-vegan foods, with 14% saying they felt the absence of eggs over any other non-vegan food. 

If this sounds like you, fear not. We have found a great deal for a vegan egg alternative. Hey, even if you aren’t vegan, or are not taking part in Veganuary, give this product a chance. Many bakers have been prompted to use OGGS, a vegan egg alternative, in their edible goodies due to the recent nationwide egg shortage. 

OGGS supplies plant-based egg alternatives make from chickpea water, commonly known as aquafaba. The company have been conducting trials with two of the UK’s largest bakery manufacturers, according to the business. 

The egg industry has seen sharp cost increases in recent months, with many egg farmers ceasing production altogether. The cost of using energy to heat animal enclosures, the spread of bird flu and increased animal feed prices have all contributed to the increased cost of eggs. 

OGGS also said they are not trying to totally vegan-ise existing bakeries and manufacturers, but rather they want to encourage the occasional swaps to reduce the environmental impacts and mitigate ever-increasing expenses. 

The benefits, according to OGGS include 95% less saturated fat and 85% less calories compared to eggs. Similarly, there could be an 85% reduction in carbon impact by making the switch. 

Fancy giving it a go?

MoneyMagpie readers can claim a FREE bottle of Scrambled OGGS this January. You can also get your hands on a FREE carton of OGGS Aquafaba from February 1st until Pancake Day (21st February). Claim this freebie using the GreenJinn app. 

You can pick up a FREE bottle of Scrambled OGGS® throughout January using this link. Scrambled OGGS® is also on offer in Waitrose and Sainsbury’s for £2.50 (RRP £3.25) until January 31st.  
 

Between February 1st and Pancake Day on February 21st OGGS® Aquafaba will be on promotion from £1. OGGS® Aquafaba is available from ASDA, Waitrose, Ocado and Co-op with an RRP of £2.  Or claim your FREE carton until February 21st using this link. 

 

The post Are vegan egg alternatives the future? appeared first on MoneyMagpie.

Original source: https://www.moneymagpie.com/make-money/are-vegan-egg-alternatives-the-future

How marketing compensation and roles are changing: Take the MarTech Salary and Career Survey

Although we hesitate to use the term post-pandemic with any confidence, marketing takes place today in a space changed — perhaps irrevocably — by COVID-19. Yes, marketers are making their way back to the workplace; many conferences and expos are back in person; it’s possible to meet and greet prospects face-to-face instead of face-to-video.

But the importance of digital marketing looks unlikely to recede. With it comes increased emphasis on digital content and digital experience, the expansion of ecommerce across almost every vertical and the interest in virtual events.

What does that mean? You guessed it: the growing importance of the digital martech stack.

The “great marketing reboot.” We’re also seeing big changes on the human side of marketing. Many marketing professionals have left the space; others have switched from regular positions to freelance or contract work. There are big opportunities — as well as challenges — for people in the early stages of their careers, whether as marketers or marketing operations professionals.

Data scientist and MarTech contributor Chris Penn calls this the “great marketing reboot.” We’ve introduced a new question into this edition of the survey asking if you’re witnessing the same phenomenon, whether in your own marketing organization or others.

Follow the money. We’re also asking, as always, whether circumstances are impacting salaries, in positive or negative ways, as well as your career trajectories.

As before, we’re partnering with Scott Brinker and chiefmartec.com to field the survey. It shouldn’t take more than a few minutes to complete, and we look forward to sharing the results soon.

Take the MarTech Salary and Career Survey

The post How marketing compensation and roles are changing: Take the MarTech Salary and Career Survey appeared first on Search Engine Land.

Original source: https://searchengineland.com/take-martech-salary-career-survey-391255

Meta introduces new ad targeting limits for teens

Starting next month, Meta will remove the option for targeting advertising to teen users based on gender. They’ll also end advertisers’ ability to target personalized ads to under-18 users based on their in-app activity, including who they follow on Instagram and what Facebook pages they like.

After the changes take effect, personalized ads on Facebook and Instagram will only draw on a user’s age and location to determine relevance (where location is necessary to assess which products and services are available in a user’s area).

Facebook and Instagram will soon roll out new controls for teen users (kids under age 13 aren’t allowed on those apps — technically). Teens will be given an option to “see less” of a given topic, shaping which ads the platform will serve them.

Why we care. Advertisers will no longer be able to target users under the age of 18 based on in-app activity nor target their age or location, except where relevant. You’ll need to restrategize if you advertise a product or service to users under 18.

Not new. Meta recently rolled out new privacy updates for everyone under the age of 16, or 18 in some countries. Starting in November, teens will default to more private settings when they join Facebook. For teens already on the platform, Meta recommends making these changes manually. The new privacy settings affect:

  • Who can see their friends list
  • Who can see the people, Pages and lists they follow 
  • Who can see posts they’re tagged in on their profile

This month Meta was fined 390 million euros ($414 million) after European Union (EU) regulators found it had illegally forced users to accept personalized ads.

Google blocks ad targeting for kids under 18. In 2021 Google updated its policies around minors online, letting those under 18 remove images from search. “Children are at particular risk when it comes to controlling their imagery on the internet. In the coming weeks, we’ll introduce a new policy that enables anyone under the age of 18, or their parent or guardian, to request the removal of their images from Google Image results,” wrote Mindy Brooks, product and UX director for kids and families at Google.

YouTube will change the default upload mode to private for kids aged 13-17. SafeSearch will be automatically turned on for those under 18 using Google Search. Those under 18 will not be able to turn on their location history.

The post Meta introduces new ad targeting limits for teens appeared first on Search Engine Land.

Original source: https://searchengineland.com/meta-introduces-new-ad-targeting-limits-for-teens-391259

Ray Arrington Sr Focuses on Gaining an Email Marketing Advantage and More

Home Business Magazine Online

Ray Arrington Sr. has teamed with Steven Alvey to assist entrepreneurs with improving their email marketing.  If done correctly, email marketing can achieve high returns on investment. Most home-based business owners use or have used email marketing.  There are so many different ways to market, and the types and varieties grow each year.  But email marketing continues going strong, and should be part of any marketing tool box.

One of the key challenges in email marketing is to avoid spam, or spamming.  This can result in negative reactions from recipients of spam email and being blocked from sending emails from an email marketing host.  So it’s important to consult experts in the field of email marketing, to reduce risk of spamming.

Home BusinessIn addition to email marketing, Ray Arrington Sr. has a well-diversified background. He is the author of the book Exhilarating Productivity by Improving Your Business and Your Life.  Ray describes this as a playbook to increase your productivity, your focus, and your discipline.  As Ray Arrington puts it: “Eliminate distractions, SMASH procrastination, and crank your productivity up to a level you’ve never seen before! This book is going to help you break through the walls that have been holding you back for years.”

Ray Arrington also provides business coaching. In this endeavor, he helps people interested in coaching to develop the right mindset and build the right skills in coaching. He developed a step-by-step guide on how high-ticket coaching is performed.  Ray Arrington also works in time management and focus. He has developed a step-by-step guide in time management. Specifically, he highlights the importance of shifting your focus to be more aware of your time. And identify the things that steal your time. Ray stresses that better time management can transform your life.

Ray Arrington Sr. is making his mark in the home-based business world.  To find out more about support he offers in email marketing you can visit RayArringtonSR.com/free

The post Ray Arrington Sr Focuses on Gaining an Email Marketing Advantage and More appeared first on Home Business Magazine.

Original source: https://homebusinessmag.com/business-spotlight/ray-arrington-sr-focuses-on-gaining-an-email-marketing-advantage-and-more/

Logistical Benefits of Commercial Real Estate Software for Development Firms

Home Business Magazine Online

While industry-specific software won’t solve all your issues, it will give you the tools to tackle them more efficiently. This is the case with commercial real estate software, a varied niche of specialized solutions that can transform everyday operations and processes within development firms. There are many benefits to talk about, so let us just focus on the logistical impact that the latest products in this space can have.

Reducing Errors

There are many obstacles to overcome in a real estate development context, and making mistakes at the planning phase can disrupt the smooth progress of every other stage going forward. Human error has a part to play in causing delays and increasing costs in all sorts of projects. Therefore, the ability of dedicated software to take this out of the equation is appealing.

Justifying Choices

You need to know that the decisions you make when developing real estate are the right ones, and it is only with careful analysis of the available data that this is possible. Software solutions set up to oversee complex projects empower you with the insights you need, whenever you need them. Whether you are working out a budget, choosing materials, or solving problems, tools will transform the experience and mean you do not need to rely on your instincts alone.

Unifying Data Management

Getting data management right involves thinking strategically about not just the tools you use, but how they function in tandem with one another. Rather than relying on a disparate set of software packages that aren’t specialized and leave data spread thin and siloed, commercial real estate software offers a single, central solution to control and provide access to everything you need.

Applying Automation

The likes of Northspyre’s real estate project management software make life easier for development firm employees by automating all sorts of tasks. When team members don’t have to set aside a lot of time to enter data points and look for insights manually, they can work on more interesting parts of the process, while still getting all the benefits of analyzing the available information.

Accelerating Strategic Shifts

Often when a development project is up and running, you encounter situations in which a change to the original plan is necessary. Going back to the drawing board to conjure up a new strategy that will let you sidestep potential snafus is faster and less frustrating with commercial real estate software on your side.

This ties into the attraction of automation. Your focus can be on reframing your plans based on the new information you’ve got at your disposal, rather than on dealing with the nuts and bolts of project management.

Embracing Persistent Monitoring

Other aspects of working on commercial real estate projects ― that used to be uphill struggles — are tracking the current state of play and determining whether or not you’re on the desired trajectory, or if any areas are falling short of your original intentions.

Software platforms in this space can monitor various strands in real time. Moreover, they give you an instant overview of how things are shaping up with each passing day.

Rather than being sideswiped by shortfalls or supply chain hold-ups, you can predict and respond to problems proactively.

The Bottom Line

With commercial real estate software in your toolkit, you can save money, improve productivity levels, and make the experience of working in a development firm more engaging and enjoyable. You just need to pick the right platform and use it to the fullest, and the rest will fall into place.

The post Logistical Benefits of Commercial Real Estate Software for Development Firms appeared first on Home Business Magazine.

Original source: https://homebusinessmag.com/businesses/real-estate/logistical-benefits-commercial-real-estate-software-development-firms/

Northern Rail selling tickets for just 50p

Reading Time: 2 mins

Northern Rail has just launched a huge flash sale on rail tickets, with some selling from as little as 50p. The offer includes routes within Greater Manchester and across the north. Up to five million discounted train tickets are up for grabs in total.  

One million are priced at just 50p, with a further three million selling for £1. The remaining one million tickets are on sale for just £1.50. These tickets are available until 4pm on Friday, 13th January, so travellers will need to be quick to bag themselves an absolute steal. 

If you do manage to get yourself a ticket at this very low price, tickets are only valid for travel between Tuesday, 17th January 2023 and Friday, 10th March 2023 on Northern services only. You can purchase your tickets via the Northern Rail website or through their easy-to-use mobile app. 

Some of the journeys included in the sale are shown in the table below: 

Home Business

Exclusions

Please note, exclusions apply on the following routes:
• Leeds to Manchester
• Manchester to Liverpool
• Halifax to Hull
• Sheffield to Manchester.
• Leeds to Nottingham
• Leeds to Lincoln
• Leeds to Sheffield via Moorthorpe
• Leeds to Sheffield via Castleford
• Leeds to Chester
• Leeds to Wigan
• Leeds to Huddersfield from 29th January 

Mark Powles, commercial and customer director at Northern, said:

“This is our biggest ever Flash Sale – with 50p, £1 and £1.50 fares available across all parts of our network. 

“We know our customers travel for a multitude of reasons – so our hope is this sale will make five million of them – be they for days out, weekends away or catch-ups with friends – that bit more affordable. 

“Customers should book early to avoid disappointment. Once they’re gone, they’re gone.” 

Rail Minister, Huw Merriman, said:

“This flash sale is five million chances to see family, friends or just get out and around for prices as low as 50p. We need to get people back on our railways and initiatives like this will do just that.” 

The post Northern Rail selling tickets for just 50p appeared first on MoneyMagpie.

Original source: https://www.moneymagpie.com/make-money/northern-rail-selling-tickets-for-just-50p

8 ways to make money from your postcode

Reading Time: 7 mins

Did you know you can make money from your postcode? Whether you’re in the country or in the town, you can make some extra cash simply by being where you are.

Let’s examine the top 8 methods to make money from your postcode below:

 

Your postcode can make you £800 today!

Excited woman holding cash

The first way to make money from your postcode can be done through Pick My Postcode, the free postcode lottery. You can also make up to £800 from this on any given day. The website is totally legitimate and offers a chance for you to make money from your postcode every day.

All you do is sign up with your email address and postcode. then check back on the site every day to see if your postcode has won. So be sure to check every day!

There’s no catch either. The website works by having people check the site every day so it increases the traffic. This in turn increases the amount of money they can make from advertisers.

So the website makes enough money simply from it’s traffic, enabling their cash prizes!

Not only that, but the site has lots of other ways you can make money just by watching videos or clicking on links.!

Try it here; put your email address and postcode in and win £800 today!

Find out more in our article about it here.

 

Find local work

Nanny playing with two children

Perhaps the most obvious way to make money from your postcode is to look for local employment.

For example, in your area you could do:

You can also use sites like Gumtree, RatedPeople, Freelancer.co.uk and Peopleperhour.co.uk to find work in your local area.

Or just do it yourself. Make flyers and posters and advertise your skills in local libraries, train stations, pubs or even put leaflets through letterboxes in your area.

 

be a poll clerk

Polling Station entrance

When there is a General Election or any local elections, someone has to sit in the voting office to tick people off as they come in and go. This ensures everything happening is done properly and democratically.

That’s the job of a poll clerk, and it’s pretty well paid as you can see in our article here.

Get in touch with your local council to have your name put on the list. Then once the next election comes around you can take advantage.

 

Sell energy to the national grid

Energy digital graphic

If you’re making use of sustainable energy you can sell surplus energy back to the National Grid.

For example if you’ve put solar panels on your roof, you could sell some of your surplus. Remember it does need to be green energy to be sold.

  • A programme of what are called ‘Feed-in Tariffs’ (FiTs), provides income from every kilowatt hour generated in your home. All renewable energy qualifies so check on the Feed-in Tariffs site for more info.
  • Renewable Heat Incentive became another potential source of income where you could also receive a tariff for renewable heat sources (RHI).

Both of these schemes will pay you a bonus for exporting energy or renewable heat sources into the grid or network.

 

man fitting solar panels to roof

Renewable energy, which is suitable for domestic use, includes solar energy, wind turbines, water turbines, ground source heat pumps or biomass boilers and stoves.

These various technologies are designed to last 20 to 25 years but they do cost money to install. However, over time, you should be able to make that money back and earn a profit.

There is a variety of government grants available to householders installing renewable energy technology.

 

Consider renting out your driveway

Home Driveway

Do you have a driveway, garage or private parking space that you don’t use? Do you live somewhere popular like the centre of town, near a train station or sports ground? You could make money by renting out your space.

Contact YourParkingSpace to advertise it. Even if you use the driveway regularly, you can still make money by renting it out temporarily.

For example, you might not use it at the weekends, when the local football stadium is busy. Or you might live near Wimbledon but move out during the tennis.

Either way, read the full article on renting out your driveway to learn how drive up your income levels from your parking space.

 

Rent out a room

Room for rent sign

You can make up to £4,500 a year by renting a room in your home. It’s also tax free!

We like Spareroom which includes an interesting ‘buddy up’ section where people looking for somewhere to stay can find others in the area who are also looking. That way they can get together and find a whole house to rent together.

For more ideas, take a look at our article on renting a room.

If permanently sharing your home doesn’t appeal, consider taking in foreign students short-term. English language schools are always looking for good homes for their growing number of students.

Depending on where you live and how nice your place is, you can make between £35 and £150 a week.

Spare bedroom

part-time lodgers

If renting out a room full time isn’t something you want to do then a part-time lodger may suit you better. The website Monday-to-Friday specialises in just this type of person. It appeals to people who need to stay in your area during the week, but go home at weekends.

For even more temporary lodgers, you can put your home, or just a room, on Airbnb or HomeAway so that you can make money hosting tourists or business visitors for one night at a time. For extra cash you could offer breakfast too.

Just rent space

You don’t just have to rent to people, though. If you have an empty, dry basement or a big loft, you could potentially advertise it as storage space, particularly if you live in a crowded city where storage is at a premium.

If you have a cellar or garage that has its own access, you will be able to charge more by offering clients their own key and 24-hour availability. This could make anything from £5 a week for storing a few boxes in your loft to around £50 for filling a garage in central London. Try Spareground or Gumtree to get started.

 

Rent out your garden

Garden with for rent sign on the gate

If you have a large garden, consider turning it into allotments, particularly if you live in a city. In London the average waiting time for allotments can be several years.

So if you don’t mind people coming into your garden whenever they like to grow fruit and veg, then it’s a good way to make some extra cash. Not to mention keep the weeds at bay.

Municipal allotments charge very little, between £10 and £30 a year. But that doesn’t stop you from making a private arrangement and charging more.

Find out how to turn your garden into allotments here.

 

move to another postcode to get a better deal on insurance

When you move house your insurance premiums can rise or fall depending on the area.

For example, insurers Confused.com have found that a 40-year-old man with a five-year no claims discount driving 15,000 miles a year in a Ford Focus would pay over £1000 a year for car insurance in Bradford (BD1 postcode area), compared to around £4000 in Aberdeen (AB).

Not surprisingly, London is the most expensive city for premiums where Truro in Cornwall (TR) is one of the cheapest areas for insurance premiums. Take a look here to see how much you could save on your car insurance today, wherever you live!

For home insurance, Bournemouth is the cheapest area at around a third less than the average. With York and Glasgow the second and third respectively.

Of course, you don’t have to move house just to get a cheaper insurance rate. You can save cash just by switching next time you have to get a new policy. Try this comparison to make money for yourself!

 

More ways to get free stuff

Want more ways to earn free cash and win great prizes? Stay up-to-date with the latest MoneyMagpie competitions on our new Competitions and Freebies forum!

Get stuck into the other parts of the MoneyMagpie Messageboard, too. Ask your money questions and get responses from the MoneyMagpie team, community members, and even vetted experts. Even better: the best post of the week wins a £25 Amazon voucher!

View all Messageboards here.

 

The post 8 ways to make money from your postcode appeared first on MoneyMagpie.

Original source: https://www.moneymagpie.com/make-money/make-money-from-your-postcode-2