Check out my March 2020 income report from side hustle.
I am sharing this income report to show you how much side hustle money I made in March 2020, which was a crazy month, to say the least, with the world going into lockdown.
Having a side hustle is a great idea to boost savings, cover some expenses or build an emergency fund, but sometimes there is not enough time in the day to add additional ways to make money.
Or, if you have the time because stuck at home, you might feel you are already dealing with a global pandemic and don’t really have the headspace to think about anything else. And that’s ok!
For me, March 2020 was one of those months. I have pretty much paused any side hustle from mid-month when things got crazy because I couldn’t really focus on making money when the world was going through this global emergency.
I still want to document my journey to hold myself accountable and to show you how just a couple of weeks to relative focus can make a difference.
And that it is possible to make money on the side.
If you are not doing it already, you should definitely start now!
Let me show you what I’ve done in March 2020 to make £283.36 on the side of my very demanding day to day job.
By the way, this is not the first month I document my side hustles income reports – want to see more? Check this out
You might be wondering why you need a side hustle if you have a day job.
I get it, I was like you before.
But now I know that with some effort I can get great results.
What’s even better is that I get to decide how much effort I want to put it. Isn’t it great?
Why do you need an income from a side hustle?
We do it to pay off our mortgage early and work towards our financial independence journey.
In 2019 we bought our first home and we obviously opened a lifelong mortgage that we hate.
Related: Are you planning to buy a house? We learnt so much in this process and have documented it all in the ultimate home buyer guide
Side hustle is not the only tool we use to pay off our mortgage early.
Whatever your reasons, extra money on the side can help with anything you want and can provide you protection and freedom in your life.
Extra money can even help you build an emergency fund. (Find 10 extra ways to build your emergency fund here)
I can hear you saying, who has got time for all this?
And just like you, I also struggle with finding the time, that’s why I put together the top productivity hacks for busy people
How to make money on the side
There are so many ways to make money on the side. You could turn a hobby into a side business or teach something you’re good at.
But not all money making ideas require particular skills. You could get a part time job, declutter and sell your old stuff, complete online surveys or learn matched betting. And these are just a few ideas!
So far I have been focussing on online survey, receipt scanning and matched betting. But I am hoping to try new ways of making extra money soon (I’ve been saying it for months though!)
What is Matched Betting?
As wikipedia states:
Mаtched bеtting is a bеtting technique used by individuals to profit from the free bets and incentives offered by bookmakers. It is generally considered risk-free as it is based on the application of a mathematical equation rather than chance. (Read full details on the Wikipedia website)
When I first came across it, I thought it was just like gambling, but it isn’t.
Before trying it out, I thought it was either illegal or way too complicated for me, as I don’t like sports and I am not very good at maths.
Turns out none of this is true, you don’t need to like sports or have any special skill. The only skill you need is data entry (is that even a skill?) and attention for details.
Thanks to a recommendation on Instagram, I signed up for a free trial with Oddsmonkey and I made around £40 profit from the free training.
Now I have a premium account, and I’ve been constantly making money each month. You can see my results below.
What is a Receipt Scanning app?
Receipt scanning apps pay you for taking pictures of the receipts from your purchases.
Simply log into the app and take a picture of the receipt; you might have to answer a couple of questions but it doesn’t take longer than 30 seconds top.
What’s great is that you can make money from expenses you would have made anyway!
Some of these apps only accept food receipts: from a grocery shop, dinner out, takeaway, etc. Basically anything that involves food.
Some others accept receipts for any purchase.
Some of them pay every month, whilst some others require a bit more time to reach the minimum payout, so you might cash out every few months.
Given how easy and quick it is to scan receipts I don’t personally mind if it takes a bit longer to pay.
This month I only made money from Snap my eats.
What is an online survey app?
Survey apps pay you a few pennies or a pound (or equivalent points to be converted into money) for completing small tasks, such as responding to a survey, reviewing a product or watching a video.
Payout for each survey varies greatly, so it might take a while to make a decent sum of money. They definitely require some commitment and investment in terms of time, and we all know how hard it can be if you have a busy life!
However, if you can dedicate some time to it, this can be a profitable and easy side hustle, which you could do whilst watching TV or during your spare time.
Have a look at my previous reports to see how much you could easily make with very limited time.
I also worked my way through the 20 cogs website and completed all competitions, offers, gaming and surveys required to cash out. This website is slightly different from the survey apps above, in that you need to complete 20 “actions” in order to make money; these ‘actions’ could be anything from signing up for survey websites, trialing products, signing up for gambling sites and much more.
You can only cash out when you complete 20 cogs, so the earnings below are a one-off that won’t continue in the future.
You can find a detailed description and full review of 20 cogs here.
My side hustle income report for March 2020
- One Pulse = £7.81 cash
- Attapoll = £4.19 cash
- 20 cogs = £71.36 cash
Receipt Scanning apps
- Snap my eats = £5.00 amazon voucher
One of the biggest objections I see online around matched betting is that after the sign up offers there is no money to be made, so I want to breakdown my earnings:
- Sign up offers from bookmakers = 82.23
- Weekly bet clubs and reload offers =106.95
- Casino sign up offers = none completed
- Casino reload offers = none completed
- Bingo sign up offers = none completed
- Bingo reload offers = £5.82
Total = £195.00
Note: I have stopped matched betting on 16th March 2020, due to the lack of games available. Most sports have been put on hold during the pandemic and I have therefore decided to put this side hustle on hold for the time being. My membership fee was due to renew on the 25th March, I have not paid it, so all earnings are net.
I am still quite pleased with the results, despite only doing it for 2 weeks, and that is thanks to the offers available during the Cheltenham festival.
Total for the month is £283.36
I’m very pleased with the result for this month, and I am hoping to keep it up in the future!
What about you, have you started your new side hustle yet?