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Happy October! Things are certainly getting chillier round here, the nights are drawing in, and with Christmas just around the corner (sorry folks, it’s true!) I thought now was a good time to share my Side Hustle Income Report for September 2020.
Income Reports are, without doubt, my favourite kinds of posts to both read and pull together. I love seeing what I’ve achieved this month, and it allows me to see what I need to focus on next month – not to mention the accountability that comes with sharing this all publicly.
If you’re like me and you LOVE having a look through income reports, head on over to this post where you can view my Side Hustle Income Report for August (spoiler: it was a fair bit more than this month!)
So, outside of my 9-5, how much did I make in September, and how did I do it?
Research Opinions: £45
I love taking part in online surveys and focus groups, and this month I made £45 for two hours of my time, giving my opinion on local government reforms. Ok, it’s a dry topic, but the pay-off was hard to resist!
I personally went through Research Opinions for this one, and I whole-heartedly recommend you sign up with them. The only downside is that usually, you have to have at least six months between the studies you complete for them, so unfortunately you can’t make it a regular thing (I’d be giving my opinion on government reforms all month long if that was the case!)
However, there are plenty of other online research groups you can also join, including the following:
Affiliate Marketing: £8.40
Somehow, within two weeks of having this blog, I made £8.40 through affiliate marketing! I actually couldn’t believe it when I woke up and I had confirmation – and if you’re reading this and it’s because of you, THANK YOU!
I’ve made no secret of the fact I started this blog to hopefully one day make money from it, so to know the system is working is amazing. I’m not going to be able to give up my 9-5 anytime soon, but here’s to scaling and one day turning this into a lucrative little side hustle.
I’ve mentioned in a couple of posts that I wholeheartedly recommend and rely on eBay when I need a little extra cash – and this month is no different. I’m trying to have a cull on my clothes and shoes at the moment, and hope to increase this amount next month.
If you’re looking to start selling on eBay, or want to secure more sales, head to this post where I’ve shared 15 Ways to Get More eBay Sales Today.
Amazon FBA: £76.85
As you might be aware, I’m currently in the process of launching my first Private Label brand on FBA (that is, I’ve found a product, found a supplier for the product, and put my own branding on it, ready to sell on Amazon).
I’ve tried all of the Amazon business models out there (aside from dropshipping), and believe private labelling, once set up, is the most passive of them all. The other models all have a lot going for them which I’ll share in a future post, but for me and the lifestyle I want, passive income is the goal.
However, my product isn’t yet live, so where has this income come from?
I previously spent a bit of time sourcing textbooks which I would then send into Amazon and sell at a profit. Whilst I’ve been trying to build my own brand, I decided to keep the books in the Amazon warehouses so they could tick over and sell in the background, and this month I received four random sales of textbooks that I wasn’t expecting – you need to take the Amazon fees out of this total, but it’s not a bad little bonus.
Matched Betting: £95 (approx)
This month I neglected matched betting big time! With a week away on holiday, more time focused on this blog, and getting things ready for my Private Label launch, something had to give – and this month, it looks like it was matched betting!
This said, making £95 from reload offers this month, which took only a few hours work throughout the month, isn’t to be sniffed at and I’m still chuffed with the result! This amount is going straight into my Christmas Fund which I’m trying to side hustle entirely.
If you’d like to find out how you can make an extra £200+ every month (tax free and from the comfort of your own home!) head over to this post, where I break down what exactly matched betting is, how you can do it, the software I use to make an average £6000 each year, and the downsides!
As with matched betting, I haven’t been quite as active on Prolific this month but I still recommend signing up and giving it a go if you’re looking for a little extra pocket money.
Prolific is a brilliant survey site which, unlike many others, pre-screens you for surveys based on your demographics (so you don’t end up spending 30 minutes on a questionnaire to find out at the very end you don’t fit the bill of what they’re looking for!)
Payouts for each survey can vary between pennies through to £10+, and with the country opening back up again post-lockdown, I’m finding it easier to get a survey (during lockdown, it felt like many more people were using the website, and surveys were harder to come by).
Dividend Income: 24p
Dividend income – the most passive income of them all!
During lockdown I started reading up on stocks and shares, and trying to do my own research ready to try and buy while the market was/is low.
I genuinely went into lockdown believing I didn’t have enough money to begin investing – but that’s where I was wrong: you can start investing with as little as £5! Now I’m not going to be able to retire and run away to the Bahamas anytime soon, but seeing that the system works is great!
There are a whole host of platforms available out there, but personally I use Trading212. If you’re interested, click here to sign up to Trading212 Invest (we’ll both receive a free share if you do).
As with all investments, please do your due diligence on this one, and only invest what you can afford to lose – just in case!
As you’ll notice, it’s a fair bit lower than last month, but I’m not disheartened –
Our first week in September saw us on holiday in the middle of Cornwall. We wanted to completely switch off – and that included from my side hustles.
It was also my first full month of having this blog, and in all honesty, I’ve been finding it hard to peel myself away from it to go and matched bet instead as I’m absolutely loving it. Likewise, I’m currently working with a graphic designer on final imagery for my private label listing on Amazon, and I’ve just been really enjoying these more creative ventures.
That said, with Christmas looming, it’s time to get back on the matched betting horse and side hustle my way to a cash-flowed Christmas! If you’re looking to join me, the following posts might be of interest:
If you have any questions about any of these side hustles, feel free to send me a message on Instagram – my DM’s are always open and I’d be more than happy to help you on your side hustle journey!