Five ways to make extra money
Provided by Barclays
In the current financial climate, many people are finding it harder to keep their
bank accounts topped up - and more of us are looking for convenient ways to make a little extra cash.
If you're thinking about ways to supplement your income, here are five ideas that you might want to look into.
1. TV/film extra
Production companies are always looking for new faces - and you could be especially valuable if you're over 18 but look younger, as you could save them the cost of paying for a chaperone to accompany you on set.
How much does being an extra pay? Variable, but around £70 - £84 a day is standard according to
The Casting Network, with bonuses for things such as providing your own costume or doing a 'walk-on'. Overtime is often paid at around £13 an hour or more, according to The Casting Network's review of rates.
More information on being an extra: A directory of casting and extras agencies can be found at
EntsWeb.
2. Trading online
Selling off your unwanted goods online has fast become one the most popular ways to make extra cash - and anyone with a computer and internet connection can do it.
How much can you make by online trading? The sky's the limit - but it rather depends on what you've got to sell.
More information on trading online: Guidelines for potential traders are available from major websites such as eBay and Amazon.co.uk Marketplace.
3. Pose as a life model
More important than great beauty or physical fitness is the ability to be patient, sit still and be relaxed about the works of art that result.
How much does being a life model pay? Around £11 an hour in London, and between £8-10 elsewhere, according to a pay survey by the Register of Artists' Models.
More information on life modelling: see the
Register of Artists' Models.
4. Rent out your house as a film or photo location
Your house doesn't have to look glamorous or expensive - it just has to be what the location scouts are looking for. Allowing filming at your property can be disruptive, but is potentially worth thousands of pounds.
How much does renting your house as a film location pay? Highly variable
More information on renting your house as a film location: Try a national location scout such as
location works or search for a regional location database, such as the one run by South West Screen.
5. Whatever you're best at
The internet has changed the way that people find the services they want. If you have a specific skill that people need, make that expertise visible online and you may be surprised what job offers come your way.
For example, if you play a musical instrument to a reasonably high level, perhaps you could try advertising your services as a music tutor. Or if you have a special knowledge of a hobby, profession or place, how about writing about it on a blog and demonstrating your expertise that way?
More information on finding work at what you do best: There are many ways to showcase yourself online. For one of the simplest, look at placing an ad on classifieds website Gumtree. The best established professional networking site is LinkedIn, while Twitter is increasingly used by professionals and small businesses too. Directories such as Brownbook.net may also help people find your fledgling
small business.
Whatever you decide to do, remember that comparing
current accounts and finding the best one for your needs may help you keep on top of your finances. And for many people juggling work commitments and a busy family life,
internet banking can be the most convenient way to manage your money.
The information given in this article was correct as at June 2009. It does not, however, take account of any changes in regulations, the law or interest rates since that time.
Earnings through employment in the UK are subject to tax - remember that you will need to declare any extra income to your current employer, if you have one, and to HM Revenue and Customs (HMRC).
This article is not a substitute for obtaining professional advice from a qualified person or firm.
Examples given of products and services are not exclusive. Other companies may provide the same products and services, and inclusion of a product or service should not be taken to indicate that Barclays recommends it over any similar product or service.
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