I can almost see the light at the end of the tunnel!! I’m so close to completing my mission of Reducing My Mortgage By £15k that I can taste victory. It tastes sweet.
After investing my savings into reducing my mortgage, the total shot up to £12,978.23. That leaves me just over two thousand bones to save.
I was actually struggling to think of ways to generate that extra money. I was thinking about what I could do or possibly sell. I was tempted to sell junk on ebay again, but then realised I couldn’t be bothered. The whole process of selling on ebay bores me to death just thinking about it.
Then I realised, I was overcomplicating the question. Instead of trying to think of quirky ways to generate money, I realised I should be focusing on the skills I already have to offer which people maybe willing to pay for.
Freelancing my skills
I’ll be the first to admit that I’m extremely limited at the skills I have to offer. I’m not one of those naturally talented people that can do several things well (I hate those people!). That’s just not me. However, I’m actually quite handy at web development (whether you can or can’t tell by this website is irrelevant) thanks to my degree in Computer Science (you just learnt something new about me). I know how to build pretty stable and efficient HTML/PHP websites, which I’m sure small to medium sized businesses could benefit from. It also helps that Web Development is an extremely lucrative industry.
How I advertised my skills
I thought about advertising for a week or so in my local paper; nothing fancy, just a basic advert to promote my web designing service. Fortunately, I didn’t have to go that far, apparently updating my Facebook status was enough to reel in some suckers. This is what I set my status to:
Temporarily offering a Web Design service at mates-rates. Anyone interested?
I have about 600 friends on Facebook, in which 5 of them enquired. 2 out of the 5 people converted into legitimate sales. That’s a 0.33 conversation rate from an untargeted/random market. I don’t actually know if that’s good or not. Either way, I got the business I was after.
Starting from mid July to early September I designed and built two websites for those two friends of mine. Coincidently, both them were in the process of starting up businesses which required some form of web presence. I charged £800 per website, which gave me a total of £1,600.