If you’re thinking of picking up a side hustle, you aren’t alone. According to Zapier, one in three Americans now have a side gig to supplement their primary income stream. The key to success is utilizing resources you already have at your disposal, like your house. There are a number of ways that you can monetize your property and turn it into another source of income. If you’re successful, you might even turn your side gig into a full-fledged business.
Before you can monetize your home — for example, by showing it off on social media — you’ll need to get it looking its best. A Clear Path offers decluttering and organization tips to help. Read on for more tips to follow if you want to create a clear home to transform into a gorgeous, money-making machine.
Document your home improvements
HGTV shows like Fixer Upper have become popular in recent years. Country Living notes that ratings for such “home genre” shows are high. Seize the momentum of this trend. Document your own home improvements, big and small. Make sure to use appealing visual formats, like YouTube or Instagram. Shane Baker provides tips on figuring out which platform is best for you, like considering your niche and current follower counts.
Monetize your blog or website
You can also document your home improvement journey in writing via a blog or website. This opens up yet another source of possible income — selling ad space. For example, if you write about a plumbing disaster, you might have ads for plumbing services. Diggity Marketing provides other pointers for monetizing a blog, from using Google AdSense to accepting visitor donations.
Check out affiliate marketing opportunities with home organizing services and more
Look for affiliate marketing opportunities that make for logical collaborations. As Big Commerce explains, this is a type of performance-based marketing where marketers (called affiliates) earn a commission for marketing another company’s products. Their sales are tracked via links. You might team up with home organizing services like A Clear Path, home remodeling companies, homewares providers, and more.
No clue how to do affiliate marketing? Ahrefs provides a quick step-by-step guide. Here’s an overview:
- Pick a platform, like a YouTube channel or blog.
- Select a niche to narrow things down. For example, maybe you want to focus on gardening and houseplants.
- Research affiliate programs that are a good fit.
- Sign up for your chosen program.
- Create compelling content to engage your audience.
- Drive traffic to your affiliate collaborator.
From there, all you have to do is cash in, and you’re already making money from your clean and clear home.
Boost traffic with social media ads
If you’re going to monetize a blog or website, you need to have consistent traffic. More visitors means more visibility. When it comes to points like selling ad space, this ups your brand’s value. Goins Writer explains how to drive blog traffic through social channels. They recommend asking others to promote your blog through social bookmarking sites, like Reddit and Stumbleupon, and implementing sharing tools on your platform.
Transform Your Home-Related Business Into a Real Company
Ideally, you will grow your side hustle with time. You will attract more followers on social media, boost website traffic, and raise your profile overall. At some point, you may discover that your “side hustle” has become a legitimate business. Grasshopper provides tips for determining whether you’re ready to quit your day job, such as:
- Try a beta test: Start treating your side business like it’s a full-time business for one full day per week and see how it goes.
- Assess your confidence: Making the leap can be daunting. Assess your confidence and determine if you’re emotionally ready.
- Write a business plan: Writing a business plan that includes financial projections will help you determine if this is a viable path forward.
- Consider financials: Finally, consider whether you need additional funding to get your business going.
If you do think that it’s time to create a full-time business, make it official. Establishing a formal legal entity like a limited liability company (LLC) protects your personal assets in case you run into business problems. You have to register your LLC with the state. While this requires some paperwork, it’s not a super complicated process. Business formation services can help you get it done in as few as five steps.
The Final Word
You won’t transform your home into a money-maker overnight, but you have to recognize the signs. Be patient! With perseverance, you will be able to take your home-related side hustle to the next level.
A Clear Path Professional Organizing and Productivity can help you get your home ready for the spotlight through decluttering, virtual organizing, and other services. Check out reviews from former clients.