Ways to Make Extra Income
Ways to Make Extra Income
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Today I’ll be talking about different ways to make extra money. We all know that everybody wants to make some extra money on the side. I am big on diversifying your money, whether it be your extra income or your main form of income. This way, if anything happens to one of your income streams you will still be prepared.
There are many things that one can do to earn extra income. However, there are also a lot of factors in play:
1. How much time do you have?
2. What are you goals?
3. How much are you trying to earn? Can you do this and also work at the same time? My answer on this question is always yes, since if you want really want to do something you will always find time.
4. Do you want to also have fun while making your extra income?
Bellow are some possible ways for you to earn extra income. In the future I am planning on doing more in depth-posts about more ways to make extra income and also on these individual methods.
Having a Blog
Having a blog is always a great way to make extra money, and is one of my extra incomes as well. If you have the time and the energy, I am definitely suggesting you to invest this time and energy into it. They say that the first months of blogging are the hardest, and if you can make it past them, then you will probably make it. Having a blog is good way to increase your income, since nowadays people tend to search online for topics that they are interested in. By offering useful and interesting articles on your blog, you make it easier for people to get to the topic they want.
If you are interested in starting a blog of your own, you can contact me at [email protected] and I will send you a FREE tutorial in which I show you how to create a blog easily, from technical side(it is easy, no worries) all the way to earning your first income and attracting readers.
Stating a blog is pretty cheap, all you need is a domain and hosting server. If you click my affiliate link to get your domain and hosting here (you will get a FREE domain and a server for just $3.95/month). Once you have your domain and hosting server, you would need to start an e-mail list, because the e-mail list is on of the most important marketing tools. ConvertKit is a great email marketing service and it is very easy to use. Unfortunately it is not free, but if you are not happy they offer a 30-day refund policy. The thing that I like most ConvertKit is that it is effortless to use you just take the link of the form put it in your post and you are done. The system for creating forms and sending automated emails it’s pretty simple and straightforward to use.
Direct advertising, Google Adsense and affiliate links are the main ways that bloggers make their income online.
Renting out an extra room
I have three bedrooms in my apartment and I use only one. Since I am student and I don’t need this big apartment I rent the other two rooms to other students. It’s been working out greatly, since the money that I earn from just renting the rooms covers almost all of my monthly expenses.
Renting your rooms, sometimes it can be a little bit of a problem. Problems usually happen when people have different habits, characters and so on. So my advice on this would be always to add house rules that everybody would need to abide by.
I do think that if you have a room and you don’t mind the extra money, then you might want to try renting out your spare rooms. This is one of the easiest ways to earn money, so why not give it a try?
Selling on Shopify/eBay
Selling items online has became a big thing. I have tried both Shopify and eBay. There are a lot of sites like this, but I would suggest this two. eBay is one of the most popular ways to sell products online. On the other hand Shopify is not just a place to sell. Unlike eBay with Shopify you will get an actual professional website and ecommerce platform.
On eBay you can have up to 500 free listings per month. eBay also charges a final value fee if your item actually sells, which is 10% of the total sale price. On eBay there are many different options to help your potential for selling.
Shopify on the other hand doesn’t have any transaction fees. The bigger the plan you take the cheaper the CC rates are. Shopify has better prices because you don’t have to worry about them taking over 10% or more of your commission. This results in you making more profit.
In case you want to try out Shopify by using my affiliate link you will be given a FREE 14-day trial. The biggest advantages that Shopify offers is that it takes just 60 seconds to create your own online store, you receive a professional domain and you can also sell on Pinterest with Shopify.
My final conclusion on these 2 platform would be that, if you just want sell some items use eBay. If you would like to start an online store for selling your own products then use Shopify.
If you are good at writing you should definitely go for this. As every beginning this is hard too. I guess your first question is where are you gonna get this freelance writing jobs? My suggestion for you would be to start on Fiverr. Fiverr is the world’s largest freelance services marketplace for lean entrepreneurs to focus on growth & create a successful business at affordable costs.
You can buy services or you can sell services. If you are not satisfied with Fiverr, or you are not getting as many sales as you want, you could start contacting bloggers, entrepreneurs, companies, small businesses or startups and let them know how you – a freelance writer – can help grow their business.
Becoming a Virtual Assistant
A virtual assistant is generally a self-employed person, who provides professional administrative, technical, or creative assistance to clients remotely from home.
There are many things that you can do as a virtual assistant. You can manage the social media of a business, website, etc. (Facebook, Pinterest, Twitter, and everything else), handle the newsletter, work on the website, proofread and edit, do market research, handle emails, and so on. The list is really endless.