Ways To Make Money From Your Home Renovations
We are so grateful to Shirley for generously sharing this amazing piece of content on home renovations with us for free. Our world needs more kindness like hers. If you want to know more about the awesome work that Shirley is doing, please drop by her website and pay her a visit. You can find her at Tidy Life Today.
The average home renovation costs $46,891, according to HomeAdvisor. Your project can cost a lot more or less, depending on the scope. One way to recoup some of the costs is to monetize your home renovations with multiple income streams. Daily Planner Journal details how.
Take To Social Media
Social media platforms let you quickly chronicle your renovation progress, share before and afters, and create tutorials. Instagram works well for home renovations because it focuses on photos and videos. Creating a YouTube channel is also an effective way to share your renovations while earning ad revenue. Growing your social media following allows you to direct followers to a monetized blog. You can also earn ad revenue on some platforms or get paid by brands to do sponsored posts.
Create A Blog Or Website
A monetized blog with ads and sponsored posts lets you share details about your project. A self-hosted blog or website gives you total control of your content. You can also use it to sell products and implement other monetization strategies.
Use Affiliate Marketing
Affiliate marketing lets you earn a small commission when you promote someone else's product. If you refinish your hardwood floors during your renovation, you might write a blog post about the sander, stain, and polyurethane you used to do the job. Using affiliate links for those products means you earn a percentage of the sale if one of your readers clicks the link and makes a purchase.
Ad spend for social media ads in 2020 reached about $132 billion. Placing ads is an effective way to reach people who are already on social media. The average time spent on social media is 145 minutes per day. When you create ads for your renovation blog or website, you can narrow the audience so that your target followers see the ads.
Put Together a Course
Teach others how you do your renovations, and get paid for it with online courses. You only have to develop the course once, but you can sell it over and over to earn passive income once it's created. Consumers are willing to pay for your experience to get a shortcut for the same results.
If you find you have a talent for designing things, create physical products to sell. You can work with print-to-order companies that put your design on products, such as mugs, towels, and shirts. For instance, if you paint custom artwork for your living room as part of your renovation, you can put that design on the custom products, so your followers can have a version for their homes.
Set Up An LLC
When you start making money from your efforts, forming an LLC provides protections for personal liability and cuts down on paperwork. Every state has different guidelines and processes for creating an LLC, which include choosing a business name and filing articles of organization. LLCs are usually quick and easy to set up, sometimes with as few as five steps.
Make Money From Home Improvement
Monetizing your home improvement projects can pay for more home updates and become a source of income. Remain on track with your monetization with a daily planner journal that helps you stay organized. Download today!
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Guest Author Bio:
Shirley, turned her neat-freak personality into a business when she became a home organizer. When she isn’t busy working her magic on homes in need of her special touch, she is sharing helpful tips on her site, Tidy Life Today."
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