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How to make cash from your couch

How to make cash from your couch. Source: Gladstone Observer
How to make cash from your couch. Source: Gladstone Observer

Coronavirus has turned our worlds, and our finances, upside-down – particularly for those who have been stood down or are facing reduced hours of work.

But while we’re stuck at home, it doesn’t mean we can’t earn an extra buck from the comfort of our couches.

Here’s how:

Sell your unwanted junk

You’re probably already Marie Kondo-ing your house, and ditching household items that don’t bring you joy - so why not try and earn some money for it?

Australians have an average of 23 unwanted or unused items just laying around their house, and according to Gumtree, selling them – rather than throwing them out – could see you cash in a whopping $5,300.

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That’s items like old clothes, shoes, accessories, electronic goods, furniture, tools, gardening and DIY equipment, appliances or even old gym equipment.

In fact, just selling an old mobile could see you pocket up to $800.

According to eBay, iPhone Xs can bring in up to $799 - $249 more than what you’ll get when you trade it back to Apple - while an iPhone 8 Plus can be worth up to $602, which is $172 more than Apple will give you.

Samsung Galaxy S10s bring in around $665, and Samsung Galaxy Note 9s can bring in around $537.

Take some paid surveys

If you’ve got eons of spare time on your hands, why not try some paid surveys?

Some survey sites will pay you in gift cards, while others will transfer cash to your PayPal account.

iSurveyWorld pays through PayPal, and will deposit the funds into your PayPal account once you reach $25 worth of survey responses.

Survey Junkie is another site that pays via PayPal, depositing funds once you reach $10 worth of responses.

YouGov conducts high profile surveys that take around 10 minutes to complete, and can pay up to $50 for your responses.

Build your freelance account

There’s got to be a skill you can sell, and now is the time to sell it.

You could set up a Freelancer.com, Fiverr or Upwork account, and offer your services remotely.

If you’re not interested in setting up an online presence, you can do what IT worker Victor Roy did and simply cold-call the entire Fortune 500 list of companies to see if they need a hand.

If you can’t think of a skill you can sell but you’re an organisation freak and can keep a schedule, you could become a virtual assistant.

Virtual assistants do everything from schedule management to answering and directing calls on behalf of business executives, and you can set your own rate on freelance platforms.

Yahoo Finance Breakfast Club.
Yahoo Finance Breakfast Club.

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