Can I Make Enough To Pack In My Job?

Dr._Shoe

I currently work as a groom at an equestrian centre for which I bring home the princely sum of £220 per week. It is hard heavy work and I am getting on in years a little (let's just say that I can barely remember being 21!) and I don't know how much longer I can keep doing it.

I am looking at ways to make money by doing lots of small things to lay down lots of small income streams, some of which I can do from home.

I have already started some of the obvious things such as Ebay and selling on facebook and I'm looking at the possibility of mystery shopping and online surveys. I'm also looking at things like TopCashback and no risk gambling.

Could I make enought to replace my current income?

asajj

Hi there - you could as there are people doing it but it depends on how much time you could commit. Also let's say you are doing surveys, they are more suitable for some demographics then others. I wouldn't rely on online earning from home to replace my income.

I never seen any serious survey/offer site saying that you'd resign and work from home as they are 1. Offering small rewards 2. can go bust therefore not necessarily secure.

For Ebay, with some investment to buy goods, you might sell them for profit but for this Ebay forums on MSE might be better place to ask your question as there are people over there doing it.

Also these will have tax implications.

geordie_joe

Dr._Shoe wrote: »

Could I make enought to replace my current income?

I doubt it. Also, you may start something then find out it is not for you. Many people start things to make money and give up because they just can't stand doing it.

Take surveys, it may sound ideal, sitting in your own home with one eye on the TV and the other on the computer answering simple questions for money. But if you don't like doing it, or get sick of doing it, it can be very hard. Especially if you get half way through the survey only to be told you don't qualify.

If I were you I would try things, and stick with the things you like and dump the ones that you don't.

Then you will see how much you can realistically make. Not forgetting that a well paying site can close down overnight and leave you with nothing.

Flyonthewall

Dr._Shoe wrote: »

I currently work as a groom at an equestrian centre for which I bring home the princely sum of £220 per week. It is hard heavy work and I am getting on in years a little (let's just say that I can barely remember being 21!) and I don't know how much longer I can keep doing it.

I am looking at ways to make money by doing lots of small things to lay down lots of small income streams, some of which I can do from home.

I have already started some of the obvious things such as Ebay and selling on facebook and I'm looking at the possibility of mystery shopping and online surveys. I'm also looking at things like TopCashback and no risk gambling.

Could I make enought to replace my current income?

It's less likely with surveys and mystery shopping, although there are those that do very well from various online options.

You will need to be registered as self employed and declaring your income.

For selling (assuming buying and reselling) you will probably need insurance as well as being registered. You'll need to remember that there are fees and possible postage costs so you need to work out just how much you'll actually be making in the end. You'll also need to find a product that will actually sell and keep selling.

Topcashback (and Quidco) is money back from shopping online. It is not an income and it is not in any way a job. It is, however, a great site to get some cash back when you shop online and well worth using, but it's not a way of making money.

No risk gambling will probably take some research and require understanding so unless you are certain you know what you are doing it's probably not a good idea. Although I read an article the other day about no risk gambling and the guy did still lose money some days so...

extraJam

£220 a week isn't a stretch at all if you approach it seriously. There's a lot of time wasting slave labour rubbish that you need to ignore of course.

Flyonthewall is right that 'risk free gambling' (matched betting or arbitrage is the correct term) requires research and understanding but the same can be said about any online work that pays good money.

mrs_tooti-frooti

Have you looked at matched betting?

I saw your post the other day and followed the advice of matched betting. Not done it yet, still reading up about it but does seem doable.