MoneyMagpie

Sep 26

8 ways to make money from your postcode

Need to earn some extra money? You can make money from where you live – whether you’re in the country or in the town. Your actual area can be the main thing that makes money for you.

If you want to make some cash now, think about where you live and how you could make money from that. You may already have tried money-makers such as online surveys or virtual assistant work, or you may have looked for earners that depend on you being there in person, such as being a film or TV extra, selling cakes and jams or getting people into clubs. All that’s great, but let’s look at your home and the area in which you live. How can you maximise that?

  1. Your postcode can make you £800 today!
  2. Find local work
  3. Be a poll clerk
  4. Sell energy to the national grid
  5. Rent out your driveway
  6. Rent out a room
  7. Rent out your garden
  8. Move to another postcode to get a better deal on insurance

 

Your postcode can make you £800 today!

Excited woman holding cash

Seriously.

Your postcode – and just your postcode – can make you actual money today. As much as £800 or even more!

This is done through The Free Postcode Lottery which is a totally legit site that offers money for people living in a different postcode every day.

There’s no catch. All you do is sign up with your email address and your postcode and then check back on the site every day to see if your postcode has won.

That’s it. No work on your part. Just checking on the site every day.

There’s no catch because the way the website works is that as more and more people check the site every day, that increases their traffic, which increases the amount of money they can make from advertisers.

Clever huh? They’re making a huge profit from people just clicking on the site (not exactly difficult) and you get to share in that profit by winning a prize here and there.

Not only that, but the site has lots of other ways you can make money just by watching videos or clicking on stuff. Easy!

So go put your email address and postcode in and win £800 today!

Find out more in our article about it here.

 

Find local work

Nanny playing with two children

 

If you’re looking for extra work to bring in a bit more cash each week, look in your local area first.

Just your very proximity can be a big selling point for you.

For example, in your area you could do

…and more.

We have a brilliant tool here thanks to Ziprecruiter which you can use to find jobs that you can do in your area today:


You can also use sites like Gumtree, RatedPeople  Freelancer.co.uk and Peopleperhour.co.uk to find work in your local area.

Or just do it yourself. Make flyers and posters and advertise your skills in local libraries, train stations, pubs or even stick leaflets through letterboxes in your area.

 

be a poll clerk

Polling Station entrance

When there are general elections or local elections, someone has to sit in the various voting offices to tick people off as they come in and go out and generally check that it is all happening properly and democratically.

That’s the job of a poll clerk, and it’s pretty well paid as you can see in our article here.

It doesn’t happen often and it’s just one (long) day when it does but it’s worth doing for the cash.

Get in touch with your local Council to have your name put on the list so that once the next election comes around, you can have that lovely money for basically sitting around!

 

Sell energy to the national grid

Energy digital graphic

If you’re into green energy (and well done if you are!) you can sell surplus energy to the national grid.

If you’ve put solar panels on your roof or you’re using a stream at the end of your garden to generate hydro electricity, you could sell some of your surplus and pay your energy bills and more! It does have to be green energy though.

You can’t just syphon off your neighbour’s electricity and sell it to the grid!

  • A programme of what are called ‘Feed-in Tariffs’ (FiTs)—an income from every kilowatt hour generated – is available. All renewable energy qualifies, check on the Feed-in Tariffs site for more info.
  • In 2011, the Renewable Heat Incentive became another potential source of income where you could also receive a tariff for renewable heat sources (RHI).

Both of these schemes will pay you a bonus for exporting energy or renewable heat sources into the grid or network. It may sound complicated, but there is an increasing number of specialist suppliers and websites that can provide advice and information. Ownenergy is one business that explains clearly how to do this.

We have more making money from solar panels here

 

man fitting solar panels to roof

Renewable energy, which is suitable for domestic use, includes solar energy, wind turbines, water turbines, ground source heat pumps or biomass boilers and stoves.

These various technologies are designed to last 20 to 25 years but they do cost to install. However, over time, you should be able to make that money back…and more.

There is a variety of government grants available to householders installing renewable energy technology.

 

Rent out your driveway

Home Driveway

Do you have a driveway, garage or private parking space that you don’t use? Do you live somewhere popular like the centre of town, near a station or near a sports ground? You could make money by renting out your space.

Contact Park Let or JustPark to advertise it. Even if you use the driveway regularly, you can still make money by renting it out temporarily.

For example, you might not use it at the weekends, when the local football stadium is busy. Or you might live near Wimbledon but move out during the tennis.

Either way, read the full article on renting out your driveway to learn how drive up your income levels from your parking space.

 

Rent out a room

Room for rent sign

You can make up to a whopping £4,500 a year by renting a room or rooms without having to pay tax on it.

Easyroomate

You can advertise your room for free on Easyroomate.com – it covers the whole of the UK and is free to post. Go to the homepage – it looks almost like a dating site! Actually, many people meet their significant other through renting…who knows?

We also like Spareroom which includes an interesting ‘buddy up’ section where people looking for somewhere to stay can find others in the area who are also looking. That way they can get together and find a whole house to rent together. Clever!

For more ideas, take a look at our article on renting a room.

If permanently sharing your nest doesn’t appeal, consider taking in foreign students short-term. English language schools are always looking for good homes for their growing number of students.

Depending on where you live and how nice your place is, you can make between £35 and £150 a week – read this article on hosting foreign students to find out more.

Spare bedroom

part-time lodgers

Or, you could just go for someone who can stay with you part-time. The website Monday-to-Friday specialises in just this type of person. It appeals to people who live in the country, or in another country altogether, and need to stay in your area during the week, but go home at weekends.

And for even more temporary ‘lodgers’ put your home – or just a room –  on Airbnb  or HomeAway so that you can make impressive money hosting tourists or business visitors to your area for one night at a time. For extra cash you could offer breakfast too!

Just rent space

You don’t just have to rent to people, though. If you have an empty, dry basement or a big loft, you could potentially advertise it as storage space, particularly if you live in a crowded city where storage is at a premium.

If you have a cellar or garage that has its own access – other than your front door – you will be able to charge more by offering clients their own key and 24-hour access.You could make anything from £5 a week for storing a few boxes in your loft to around £50 for filling a garage in central London. Try Spareground or Gumtree to rent it out.

 

Rent out your garden

Garden with for rent sign on the gate

If you have a large garden, consider turning it into allotments, particularly if you live in a city. In London, the typical waiting time for an allotment is 10 years!

So if you don’t mind people coming into your garden whenever they like and growing whatever fruit and veg (and possibly flowers) they fancy, then it’s a good way to make some extra cash and keep the weeds off the place.

Municipal allotments charge very little – between £10 and £30 a year. But that doesn’t stop you from making a private arrangement and charging as much as the market would bear.

Find out how to turn your garden into allotments here.

 

move to another postcode to get a better deal on insurance

If you’ve moved area recently you may have noticed that your home insurance and car insurance have got cheaper or more expensive, depending on where you’ve moved to.

It’s a drastic tactic just to get a cheaper quote for contents insurance or insuring your new car, but actually moving to a different, perhaps posher, postcode can take a significant amount off your annual insurance premium!

For example, insurers Confused.com have found that a 40-year-old man with a five-year no claims discount driving 15,000 miles a year in a Ford Focus would probably pay £1,265 a year for car insurance in Bradford BD1 postcode area, against an average of just £395 in low-risk Aberdeen (AB).

Not surprisingly, London is the most expensive city, with average premiums of £1,330, next to just £350 in Truro, Cornwall (TR) – one of the cheapest areas. Take a look here to see how much you could save on your car insurance today, wherever you live!

For hone insurance, Bournemouth is the cheapest area at around a third less than the average, with York and Glasgow the second and third respectively.

Of course, you don’t have to move house just to get a cheaper insurance rate. You can save a wad of cash just by switching next time you have to get a new policy. Try this comparison to make money for yourself!

 

Got any other ways to make money our of your postcode?

Tell us in the comments below.

 

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WHAT DO YOU THINK?

6 thoughts on 8 ways to make money from your postcode

  1. Hello can you please elaborate on how can I use a stream at the end of my garden to generate hydro electricity?

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