Are you concerned about the amount of your bank’s deposit decreasing? The American Psychological Association (APA), has found that financial stress can impact the well-being. It’s not just those with low incomes that are under financial strain, but also those who have high incomes.
You can make some income while working full-time, even if your job is not full-time. Steve Chou, creator of MyWifeQuitHerJob, works full-time and has two businesses with six figures turnovers that have made him famous.
Just a few hundred dollars to a few thousands in monthly income can make a huge difference in your daily life. Let’s see how you can get going.
Start a service-based business
You can start a service-based business with minimal investment, no need for a large network and no online presence. You can start by letting your contacts know about the services that you offer, and then asking them to help promote the idea to customers.
Noah Kagan was the inventor of AppSumo. It is an online platform for trading software. He began with a blank canvas and set out to make $1,000 in just a few hours. He launched the business and purchased beefjerky which was later sold by one of his pupils.
If you have the same ideas, you could use them to help start your own business. This could include writing freelance and catering for dinner. You can start your business by simply sending an email.
Invest in real estate
Part-time landlords can be a problem for people who work fulltime or are under strict supervision. For a vacation home, you might consider buying an apartment in another country or small home. They are typically cheaper and you can hire a local management company to take care of your rental property even if it is not yours.
Even if your budget is tight, investing in commercial properties can make you a lot of money. Use Realty Mogul to invest as little as $5,000 You can participate in verified deals and get access to premium listings which aren’t often available.
Start online resources
To help others, you can use your knowledge to write a book or course. 100 Days of Growth was my book and it earned me more than what I earned in my regular job. It is possible to sell more books if you have everything in place before they are published.
A boot camp or video training is a great option if you don’t have the skills to write ebooks. My ebooks weren’t enough. I created a Content Marketing Bootcamp through ContentMarketer.io to help my customers learn the art and craft of content marketing in just 10 weeks.
Amazon’s resources are your resource
While the goal of creating your own customers and launching an online store is admirable, it requires that you fulfill many functions. You will need to research products, locate the right manufacturers, market the website, and determine the best way to fulfill orders. Make sure you take care of customers and ask for refunds.
Amazon allows you to make money from your product and grow your business. This means that you don’t need to worry about it as much. Many sellers ship their merchandise directly to Amazon’s fulfillment centres, without having to handle the item once.
Join the Sharing Economy
You can easily make thousands to hundreds of dollars per month using the sharing economy. This doesn’t mean you have to rent your apartment or bedroom through Airbnb. You can also rent your car through Turo, bike to work, or take a carpool.
You might consider renting your whole house to Airbnb if you want to quickly make huge cash. This is a wonderful opportunity to visit your relatives or take a holiday.
Organise event
Host an event and you can make a profit. The event can be easily organized without the need to have thousands of attendees, vendors, and well-known speakers. A MeetUp group can be created for free to organize events on topics you are knowledgeable about (e.g. growth hacking, Growth hacking). (Annotation Growth hacking is a popular method of marketing that startups use often.
If you have a strong fan base, you may be able to invite well-known guests to speak at your event. You will also need to charge an event fee. You might also consider renting a well-known, modest meeting room at a nearby hotel. You could organize high-demand events and charge for extraordinary content.
Do what you are passionate about
Check out what you do with your spare time. If you are a fan, I’m sure you are! Skydiving can be taught, certified and even taught on weekends. Do something you’re passionate about to make extra income. You can inquire at your local bar about hosting Trivia Nights (Trivia Night) or being a bartender for a few nights each week, while meeting interesting people.
Even if you aren’t interested in any of these or just want to relax, you can make extra money sharing your opinion about the website via sites like UserTesting.
Get moving. Use your imagination to make extra cash.
