Extra Income in Poland: A Comprehensive Guide
Ways to make extra money in Poland:
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1
Babysitting services
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2
Start a blog
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3
Copy trading
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4
Write and publish ebooks
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5
Invest in stock trading
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6
Rent a room in your home
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7
Sell your crafts
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8
Become a dog walker
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9
Buy and sell goods
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10
Auto detailing
Exploring new avenues for supplemental income has become increasingly essential in Poland, and for those seeking answers to the pivotal questions surrounding extra income, Traders Union experts have got you covered. In this comprehensive guide, we delve into the top strategies for side income in Poland. From the innovative world of copy trading and Forex trading to the opportunities presented by renting out transportation and rooms, we provide insights and recommendations to help you make informed decisions on boosting your income.
Do you want to start trading Forex? Open an account on RoboForex!Top ideas of extra income in Poland
Here’s a comparative analysis of the top income-generating ideas in Poland to help you make informed choices for financial success.
Babysitting services
This one is really simple, and you can either sign up on a site like Care.com to market your services, or just print flyers and pass them out in your neighborhood. People always need babysitting services, so while you might need to do a course to do this, you can get started quickly. If you have kids of your own, you can even offer this service in your own home, so you can still be around when they need you.
Start a blog
If you have an interest in something that other people want to read about, you can create a blog. Before you ask how to make extra money by writing blog posts, the answer is advertising and affiliate programs. If you can get enough people to read your blog, you can use both to make a decent amount every month.
Copy trading
Then, there is copy trading. This is an easy to use way to copy trading transactions easily online. You don’t need to know much about how trading works to get started, and you don’t have to spend a lot when you’re starting out. Some of the best copy trading platforms are:
RoboForex is the best according to the reviews of Traders Union users (for non US users)
eToro - the largest number of participants in the USA
This kind of trading allows you to identify top traders and simply copy what they do. So, you don’t have to learn too much about how it all works before you start earning from your trades.
Write and publish ebooks
Writing books and getting them published used to be hard. Not anymore. You can write novels and publish them free on platforms like Kindle and Smashwords. While there is a lot of competition, there are several self-publishing success stories that are making hundreds of thousands of euro per year this way! If you don’t like writing or have the time to do it, you can even hire a freelancer to write your story on your behalf.
Invest in stock trading
Stock trading is not a short term or quick way to make extra money – at least not at first. But if you have some extra cash to invest, you can make around 10% in profit every year without doing anything. Interactive Brokers is an app that makes this easy, and you can choose to invest long term or be an “active trader”. Investing in the right stocks at the right time can make you a lot of money. Just ask Warren Buffett.
As you can see from this list, there are many ways to make extra money in 2023, and this list only scratches the surface.
Rent a room in your home
Of course, there’s always Airbnb and Vrbo. They’ve been around for a while, but they’re still a great option. Whether you rent your vacation property, an apartment on your property or a room in your home, this is an easy way to make some extra cash.
Sell your crafts
If you love to craft, you can make a good living selling your home made items on Facebook or on sites like Etsy.com. You don’t even need a website to be able to earn from your arts and crafts this way. You could make custom t-shirts, sew clothing or other items, do beadwork or custom signs and painting. Some people even make a good living selling craft kits.
Become a dog walker
If you love dogs, then you will love this one! Rover.com is a leading dog sitting and dog walking app, and if you live in areas they serve, you can sign up to become a dog walker or sitter. It’s also relatively easy to create your own dog walking business, or to offer a dog sitting service when people go away or can’t be home for their furry friends. Not a bad answer to the question of how to make extra money for dog people!
Buy and sell goods
More and more people are finding that flipping secondhand items is one of the best ways to make extra money online. Buying items at a low price and then reselling them (with or without repairing or refinishing them) is a great way to make some extra cash. Some people even find items offline in thrift stores or similar and resell them online.
Auto detailing
Auto detailing is another great idea for an easy and cheap business. If you’re wondering how to make extra money but you have a vacuum cleaner, some buckets, and some time, you can easily turn those things into a successful mobile auto detailing business.
What is a side job?
A side job, also known as a side hustle or part-time job, is extra work people do alongside their main job to earn more money or pursue a passion. It can be freelancing, part-time work, gig work, or a small business on the side. People take on side jobs to boost income, follow hobbies, gain experience, or diversify their earnings. Common examples include freelance work, tutoring, driving for ride-sharing services, or selling crafts online. However, it's essential to consider tax and legal aspects when engaging in side jobs.
Is it possible to earn an extra €1,000 per month in Poland?
Earning an additional €1,000 per month in Poland is indeed achievable, but success depends on a variety of factors, such as your skills, qualifications, and the opportunities accessible to you. To achieve this, TU experts have highlighted 5 tips for you below:
Identify your strengths: Start by assessing your skills, talents, and interests. Determine what you excel at or are passionate about, as this can be a strong foundation for your side income endeavor
Research the market: Investigate the demand for your skills or services in the Polish market. Look for niches or industries where there's a shortage of specific services or products
Online platforms: Explore online platforms like freelancing websites, where you can offer your services or expertise to a global audience. Popular options include Upwork, Freelancer, and Fiverr
Networking: Build a network of contacts within your chosen industry or field. Attend relevant events, join online forums or social media groups, and connect with professionals who can provide guidance or potential opportunities
Continuous learning: Invest in improving your skills or acquiring new ones. Taking courses, attending workshops, or pursuing certifications can make you more competitive and open up higher-paying opportunities
Remember that patience and persistence are key when striving for extra income, and your earnings may grow over time as you gain experience and reputation in your chosen field.
How do you declare side income in Poland?
In Poland, declaring side income involves several steps. Firstly, you need to register as a taxpayer with the tax office, which can usually be done online. Keep meticulous records of your earnings and expenses related to your side income. Complete an annual tax return, detailing all your income sources, including side income. Ensure you pay any applicable taxes and contributions. It's advisable to seek guidance from a tax advisor or use available tax filing software to ensure compliance with Poland's tax regulations and to avoid any potential issues with the tax authorities.
What is the best way to make extra money online?
The best way to make extra money online varies depending on individual factors like financial goals, available time, and risk tolerance. One effective method, particularly for those interested in passive income, is copy trading. Copy trading allows you to replicate the trades of experienced investors automatically. It's advantageous because it doesn't require extensive financial knowledge or a significant time commitment. By selecting a skilled trader to follow, you can potentially benefit from their expertise and earn a supplementary income, making it an attractive option for those seeking a relatively low-effort online income stream.
Is it possible to combine a full-time job with a part-time job in Poland?
In Poland, it is possible to work both full-time and part-time jobs, but there are some crucial factors to take into account:
Tax implications: Earning income from multiple sources may have tax implications. You should ensure that both your full-time and part-time employers are aware of your situation and withhold the appropriate taxes. Consult a tax advisor to understand your tax obligations
Labor laws: Polish labor laws dictate the maximum number of working hours per week and overtime regulations. Make sure your combined work hours adhere to these laws to avoid legal issues
Work-life balance: Balancing two jobs can be demanding and affect your work-life balance. Consider whether you can manage the workload effectively without compromising your health and well-being
Employer's policies: Check your full-time employer's policies regarding part-time employment. Some employers may have restrictions or conflict-of-interest clauses that could impact your ability to take on a part-time job
Employment contracts: Review your employment contracts carefully to understand any contractual obligations or exclusivity clauses that might limit your ability to have a part-time job
FAQs
How much can a foreigner earn in Poland?
The earning potential for foreigners in Poland can vary widely depending on factors such as their qualifications, skills, the industry they work in, and their location. Poland offers a range of employment opportunities, and foreigners can earn salaries that are competitive within the local job market.
Is 10,000 PLN a good salary?
Whether 10,000 PLN (Polish Złoty) is considered a good salary in Poland depends on various factors, including the cost of living in the specific city or region, individual financial goals, and family circumstances. In some regions, 10,000 PLN per month may provide a comfortable living, while in others, it may be considered a more modest income.
How much can I earn in Poland?
Your potential earnings in Poland will depend on your qualifications, job, industry, and location. It's essential to research salary ranges in your specific field to get a better idea of what you can expect to earn.
What is considered a good salary in Poland?
What constitutes a good salary in Poland can vary from person to person and place to place. Generally, a good salary should allow you to cover your living expenses comfortably while saving for the future.
Team that worked on the article
Winnifred Emmanuel is a freelance financial analyst and writer with years of experience in working with financial websites and businesses. Her expertise spans various areas, including commodities, Forex, stocks, and cryptocurrency. Winnifred tailors her writing to various audiences, including beginners, while also providing useful insights for those who are already familiar with financial markets.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).