Are there any best ways to borrow money from family and friends? Obviously not. However often we come across situations when we need to borrow money from family and friends. Understandably, these aren’t pleasant or desirable situations. Normally, we turn to friends and family for money during emergencies or severe crises, when there’re no other […]
from MoneyConnexion https://ift.tt/36thC0j
January 31, 2021 at 06:45PM
Sunday 31 January 2021
Saturday 30 January 2021
7 Best Customer Data Platforms of 2021 (Reviews for Business)
Want my top picks? The best customer data platforms are Oracle CX Marketing and Segment. Customer data platforms (CDPs) gather customer information from the web...Read More
The post 7 Best Customer Data Platforms of 2021 (Reviews for Business) appeared first on Adam Enfroy.
from Adam Enfroy https://ift.tt/3j0wSXz
Friday 29 January 2021
How to Make Money on Amazon
If you’re like most consumers, you already know about all the great Amazon products that are available from the online retailer.
But what’s less known is that Amazon can be an excellent platform to make money on, too. Whether you’re looking for full-time or part-time work, you should seriously consider using Amazon as a platform to pad your bank account.
It turns out that there are a variety of lucrative Amazon business opportunities that you can use to start bringing in extra cash for yourself. In fact, there are countless ways to make money on Amazon: working as an Amazon seller, affiliate, designer, developer, reseller, or merchant. The list goes on and on.
The Benefits of Starting a Business on Amazon
Before we take a deep dive into the kinds of opportunities that are available on Amazon, let’s take a step back and look at some of the top benefits of starting a business on Amazon.
Work Remotely
There’s nothing better than being able to make money from the comfort and security of your own home. Starting a business on Amazon lets you earn extra income right from your kitchen table or living room sofa.
Maintain Flexibility
Amazon side hustles can vary in terms of how demanding they are. But most jobs are flexible and give you a lot of time to take on other projects. In fact, some jobs can even enable you to earn passive income without even trying — like becoming an Amazon affiliate.
Use Amazon’s Infrastructure
By and large, the best part about starting a side hustle on Amazon is using their infrastructure to bring in money. By working with Amazon’s world-class cloud services, you can run a successful business without having to maintain any infrastructure on your own — an incredible value. In fact, certain Amazon services can even attract potential customers.
Best Ways to Make Money on Amazon
Now that you have a better understanding of some of the benefits that come with selling on Amazon, let’s examine some of the various services that are designed to help you make money on Amazon.
- Fulfillment by Amazon (FBA)
- Kindle Direct Publishing (KDP)
- Amazon Associates
- Amazon Services
- Amazon Handmade
- Amazon Merch
- Mechanical Turk (MTurk)
- Amazon Retail Arbitrage
- Amazon Flex
- Amazon Web Services (AWS)
Fulfillment by Amazon
Let’s say you want to start a business selling silverware at scale. On paper, it seems relatively simple. But when you take a closer look, you’ll find out it actually involves significant logistical considerations — like storing, packing, pricing, shipping, and more. Most people don’t have the space or infrastructure to pull this off on their own, especially those who are selling items as a side hustle.
This is where Fulfillment by Amazon (Amazon FBA) comes in handy. Amazon offers a program that stores, picks, packs, ships, and tracks items for customers. You can use this service to run and grow your business while leveraging Amazon’s leading product management services. You’ll also receive access to a management dashboard within Amazon to control your business and access customer support as needed.
If you’re serious about launching a product-oriented or reselling business from home, give FBA serious consideration. It saves you a lot of time and also saves you from having to hire a team to help grow your business — allowing you to focus on what you love doing.
Kindle Direct Publishing
In the past, getting published was incredibly difficult. Independent authors would spend months or years writing works that oftentimes would never see the light of day. They lacked the ability to finance or create printing opportunities with established publishing houses.
Thanks to the internet, you don’t have to get published by a famous publishing house anymore. You can do it yourself online, through the Amazon Kindle Direct Publishing, which is Amazon’s self-publishing service.
With KDP, publishing takes less than five minutes and the book appears on global Kindle stores within 24 to 48 hours. You can earn up to 70% royalty on sales to customers, with further revenue opportunities available through Kindle Unlimited and the Kindle Owners’ Lending Library.
Best of all, Amazon gives you full control over your publishing rights and listing prices. You can also edit your work at any time. And as an added bonus, Kindle lets you publish eBooks and paperbacks for free.
Add it all up, and if you’re an aspiring or published author looking to expand your audience, consider giving KDP a shot. You can connect with global readers and grow your bottom line.
Amazon Associates
If you’re running a website or blog that generates a substantial amount of traffic, you can potentially earn income using Amazon Associates, which is Amazon’s affiliate program.
In short, affiliate marketing is a business model where businesses reward partners for successfully marketing their products. For example, you may choose to insert a link or advertisement to a certain site and get paid when people click through and make purchases. Amazon offers up to 10% in associate commissions from qualified purchases and programs.
One great part about the Amazon Associates program is that they help you discover products that resonate with your customers and brand. So, if you run a food blog, Amazon can connect you with manufacturers and suppliers that match your content. This may include linking to a food processor if you’re writing about kitchen supplies or a maple syrup company, for example.
Another attractive aspect of Amazon Associates is you can earn passive income, which is money earned for doing little to no ongoing work. All you have to do is insert a strategic link and Amazon does the rest — giving you opportunities to consistently pull in cash without having to spend hours each week doing work.
How Influencers Can Leverage Associates
If you’re a well-known social media influencer with a large following (or have plans to be), you should consider using Amazon Associates to monetize your content.
This strategy can help you bring in more money while giving you more time to focus on creating compelling content. Amazon takes care of all the backend work for you.
Amazon Services
Here’s some good news for people who offer services instead of products: Amazon now offers Services for home and businesses, providing a way for workers to make money on their platform.
You can use the Services platform to connect with people in your area who need your help. For example, maybe you offer guitar lessons or you’re great at assembling furniture. The Services platform works like TaskRabbit or Craigslist, providing opportunities to connect you with community members in need of assistance.
One thing to keep in mind is that you need to have general liability insurance to use this offering. In addition, you’ll need to pay a revenue share with Amazon if you take a job through their platform.
The good news is that Amazon does not charge to list your services or for advertising — so it’s a great way to make money and grow your business using their platform.
Amazon Handmade
If you have a penchant for making homemade wares like t-shirts, mugs, or scarves, you should consider Amazon Handmade — a service that functions a bit like Etsy or eBay — by giving crafty people a place to peddle online.
Amazon Handmade doesn’t charge listing fees and listings do not expire. However, the company takes a 15% referral fee off the total sales price and charges for shipping.
Artists like using Amazon Handmade because it provides access to a customer base of over 300 million people. It’s an instant way to connect with global customers and make a name for yourself as an independent artist.
Amazon Merch
Drawing or designing artwork is a great skill to have. Putting your ideas to work and making money from them is even better. Now, it’s easier than ever through the Amazon Merch service.
Amazon Merch simplifies the process of selling your designs. All you have to do is create an account, upload your image, optimize your product page, and set a list price. Amazon then prints what’s sold, and ships it quickly via Prime. You can earn monthly royalty payments for whatever you bring in.
This service is useful for people who want to get their ideas out into the wild without having to go through the hassle of buying materials, printing their items, or managing shipments.
Mechanical Turk
Mechanical Turk (MTurk) is the brainchild of Amazon founder Jeff Bezos. The name was taken from an 18th-century chess-playing machine that was commissioned by Austrian Empress Maria Theresa. This machine created an illusion where challengers were led to believe they were playing against an automated chess machine when there was really a person hiding inside playing.
Fast forward to today, and MTurk is a platform that allows workers to apply their skills to available tasks in the MTurk marketplace. The concept is simple: There are still tasks that people can do more efficiently than computers, like identifying objects in a photo or video or transcribing audio recordings.
The downside is that you won’t make much money on MTurk — most likely just a few dollars per hour. But if you’re looking to diversify your income, it is still an option to consider. After all, every dollar counts.
Here is a word to the wise: Be careful of opportunities like this that may take advantage of your labor without adequately compensating you for your time. Your time can be far more valuable than this and there are other Amazon services that can lead to much higher payouts than MTurk.
Amazon Retail Arbitrage
Another way to make money on Amazon is to pick up items at retail stores like the Home Depot and Walmart and sell them for a higher profit online — a method called retail arbitrage.
Arbitrage can be difficult because Amazon can charge high fees and there are certain rules that you have to follow. You should also expect to conduct a fair amount of research in advance and there is some legwork involved in picking up items. But if you are good at sourcing favorable deals and can master the process, you could bring in extra money.
To make the process easier, Amazon offers an FBA revenue calculator to provide recommended prices for items and determining fees in advance. If you try this method, be sure to do your math upfront to make sure you are maintaining healthy profit margins. Otherwise, your efforts might be futile.
Amazon Flex
If you like driving for rideshare or delivery services, there’s a way you can work for Amazon and put your vehicle to use.
Amazon Flex is a program that lets you use your own vehicle to make deliveries. It involves setting aside a time that you want to work using their app, picking up items from Amazon fulfillment centers, and dropping them off at destinations.
To become a Flex driver, you have to be 21 and own a valid driver’s license and Social Security number. You also need a four-door midsize sedan or larger with car insurance, an eligible smartphone, and a bank account for direct deposit. Plus, you have to pass a background check.
Amazon Web Services
I saved one of the best, yet most complex, for last. Amazon’s most powerful offering by far is Amazon Web Services (AWS), which is one of the world’s leading cloud platforms offering more than 175 products across a global system of data centers.
You can use AWS to host professional-grade services like apps and websites. So, if you have an idea for a business, you can use this service to power your platform and store its data. It’s cost-effective, secure, and incredibly scalable. As your business grows, your platform can grow with it.
AWS can give you the flexibility and control to launch an enterprise-grade business right from your garage. In fact, leading tech companies like Airbnb, Slack, and Lyft all run their infrastructure in AWS.
Tips for Making Money on Amazon
Form a Business Strategy in Advance
Before you start making money on Amazon, spend some time putting together a basic business strategy to manage expenses. Treat this as a legitimate business endeavor so that you don’t wind up getting overwhelmed or missing important details.
This is particularly important when offering items or designing technical products like apps or websites. If you rush into a project without carefully planning, you could wind up regretting your decision.
Keep in mind that you don’t have to go overboard writing a business plan if you are launching a small project. But if you anticipate moving large amounts of items or working with others, it’s a good idea to iron out all the details in advance by forming an executive summary, company description, budget, power structure, marketing plan, and goals.
One of the top reasons to form a business plan is that it can help you iron out your idea and think through your overall objectives. As you are putting together your business plan, you may find that you need to rethink it entirely. It’s a powerful process that all entrepreneurs should do before starting a new project.
Determine How Much Time You Want to Allocate
Part of forming a business plan involves determining what this project means to you. Is this a full-time endeavor or a side gig that lets you bring in extra income on the side?
Determine how much free time you want to allocate to making money on Amazon and use that to guide your business plan.
Keep Your Full-Time Job
Here is a reality check: Making money on Amazon is difficult and many people fail. Part of the reason is the competitive nature of the game. You’re not the only person trying to make money online, and so you’ll probably face stiff competition from other professionals.
So think twice about ditching your full-time job and trying to make money on Amazon. Start slow and monitor your progress as you go. If you maintain a conservative approach, you can minimize risk and increase your odds of success. Only make the leap when you know you’re ready.
Stick with What You Know
Being an entrepreneur is hard work — even if you have a service like Amazon that streamlines backend tasks. It’s even harder when you have no idea what you’re doing.
This is where it pays to stick with what you know. For example, if you are great at drawing and making designs, consider using a service like Amazon Merch that handles printing and managing distribution — enabling you to spend the majority of your time behind a sketch pad or drawing tablet.
If you are better at order processing and logistics and still want to sell t-shirts, consider outsourcing your work to a designer and focusing on the business element, using Amazon’s marketplace to connect with buyers.
Spend time thinking about your valuable skills and where you should be putting the majority of your time. Or consider going into business with someone who can complement your skillset. By making these considerations in advance, you can maximize your time and set yourself up for success.
Frequently Asked Questions
What is a side hustle?
A side hustle is a type of supplementary employment that someone takes on in addition to their day job. The number of side hustles you have depends on the nature of your profession and the amount of time you have available. Some people work one side hustle, while others work five or six.
Starting and maintaining a side hustle is all about creating a moneymaking mindset and nurturing your wealth. The harder you work, the more motivated you are going to be to keep raking in cash on the side. If you manage money right, your bank account is going to get bigger and bigger over time.
What is retail arbitrage?
Online arbitrage is a process that involves buying discount items at retailers and selling them for a higher profit.
The Amazon platform is a great way to try your hand at retail arbitrage. As a best practice, consider starting small with a limited supply and working your way up as you start to be more successful. The last thing you want to do is buy too much product and have it pile up only to find there is little to no demand.
Also, you need to remember that it’s difficult to sell products this way by default for the simple reason that consumers can usually find these items cheaper in stores. It’s best suited for items that are in high demand, such as the go-to holiday toy that stores are running out of.
What is eCommerce?
Ecommerce is the process of buying and selling things online. Due to the sheer scope of its platform, Amazon lets you participate in a wide range of eCommerce transactions.
Is Amazon a good way to work from home?
Amazon is an excellent way to make money working from home. You can use the ideas listed in this article to build a lucrative full-time business or a side hustle. It all depends on what you want to accomplish and how hard you’re willing to work to make it happen.
Can you get rich working on Amazon?
In short, it depends on what you are doing and how you are spending your time. If you put all of your spare time into doing menial work on MTurk, you’re not going to get rich any time soon.
It can be far more lucrative to spend your free time learning a skill that can lead to greater riches. For example, you may want to learn how to code, do graphic design, or run a business. There are plenty of free sites available online that can help you expand your skillset and grow.
Once you develop a marketable skill, you’ll be able to leverage the full power of Amazon. And once you do that, riches may be right around the corner.
Does Walmart offer a dropshipping service?
Walmart offers a competitive dropshipping service that you can use to grow your eCommerce business. You can list your products in the Walmart marketplace, manage sales, and automate fulfillment over their platform.
The Bottom Line
There has never been a better time to make money online thanks to the multitude of services that Amazon offers on its platform.
Whether you’re looking to bring in extra money on the side, supplement your social media business, or sell products at higher prices, Amazon can help make it happen. In fact, you can make a ton of money using their infrastructure.
Just keep in mind that making money on Amazon is not always easy. People often rush into moneymaking ideas thinking it is going to be a walk in the park only to find they have to do a lot more work than they expect. So, spend some time forming a business plan and determining how you want to grow your business. With enough patience and determination, you are bound to be successful.
One of the best parts about working for Amazon is that it can force you to think like an entrepreneur. If you have an idea for a business, Amazon can turn your dreams into a reality.
Just remember that none of the best businesses in the world were built overnight. So, launching a successful business on Amazon will take a lot of time and energy. But if you come up with a great idea and stick to it, it’s definitely possible to build a solid side hustle on Amazon. And who knows? Over time, it may even grow into your full-time job. Good luck!
Read More:
from Make – Millennial Money https://ift.tt/3opPfWP
January 29, 2021 at 12:21AM
Thursday 28 January 2021
4 Steps to Choose the Perfect Niche for Your Blog
The number one question I get asked from new bloggers (by a landslide) is: How do I choose my niche? Here’s the simple truth: The...Read More
The post 4 Steps to Choose the Perfect Niche for Your Blog appeared first on Adam Enfroy.
from Adam Enfroy https://ift.tt/39pQFMS
Wednesday 27 January 2021
7 Best Online Legal Services of 2021 (Ranked for Business)
Want to get right to my top picks? The best online legal services are LegalZoom and RocketLawyer. “Where there is a will, there is a...Read More
The post 7 Best Online Legal Services of 2021 (Ranked for Business) appeared first on Adam Enfroy.
from Adam Enfroy https://ift.tt/3cfleGR
Best Side Jobs Online
We’re living in a golden era for making money online.
Never before has it been more convenient or accessible to find money-making opportunities and home jobs on the internet. All you need is a computer or smartphone, a bit of creativity, and the desire to work.
This post explores some of the most lucrative online side hustles that you can find today.
21 Best Side Jobs for 2021
- Take surveys
- Drive for a delivery service
- Become a virtual assistant
- Freelance
- Work as a social media consultant
- Teach English online
- Sell unwanted tech
- Use Amazon to make money
- Proofread
- Enter data
- Review music
- Become an online personal trainer
- Get paid to lose weight
- Host an online cooking class
- Write dating profiles
- Become a virtual recruiter
- Transcribe Audio
- Become a tasker on TaskRabbit
- Drive for Lyft or Uber
- Put your house on Airbnb
- Put your car on Turo
1. Take surveys
People are often surprised to learn that you can make money online by taking surveys. But take my word for it: You absolutely can.
Granted, there are a lot of scams to watch out for, and you won’t make that much.
Most survey sites pay small amounts of cash, and some only compensate you with gift cards. However, it’s a relatively painless way to make money and something you can do on the sofa while watching Netflix at the end of a long day at your full-time job.
As you explore various survey sites, keep in mind that some companies are going to ask you to navigate away from their site, and visit a partner page. Be very careful when doing so, especially if the site asks you for personal information. Not all survey sites are reputable, and the last thing you want is to have your identity stolen in your pursuit of a few bucks.
Similar to surveys, some sites let you participate in fun focus groups. You can get paid to offer your input on products and services, playing an integral role in helping companies create better and more consumer-friendly products.
For example, an entertainment site may ask you to play a game and then talk about your experience. They want to know what would potentially cause you to come back and play again.
Learn More:
- Check out the 34 Best Survey Apps
2. Drive for a delivery service
You can make decent side hustle money delivering food through sites like Grubhub and DoorDash or snacks and household items through a company like Postmates.
The process to apply is fairly easy and you can get your profile all set up in a matter of hours. All you’ll need is a valid license, insurance card, social security number, and smartphone.
If the idea of shuttling strangers around in your own vehicle doesn’t interest you but you still want to drive, rest assured there are many options available.
For example, did you know that Amazon Prime has vans that deliver products to customers at Amazon speed and precision?
If not, you should look into driving for Amazon. You can earn income by bringing people the various items they order on Prime.
You can also partner directly with businesses in your area, helping them deliver items to customers on demand.
Learn More:
- Here are the Top 11 Delivery App Jobs
3. Become a virtual assistant
Another way to make money online is to become a virtual assistant, helping busy professionals conduct business they either don’t want to perform or don’t have time for.
For example, this may include scheduling meetings, responding to email, writing letters, bookkeeping, and making phone calls.
There are a lot of perks to working as a virtual assistant. If you are reliable and do a good job, it could turn into a steady gig. What’s more, it puts you in a position to network and communicate with a variety of interesting people. In some cases, you may even be able to reach people you would otherwise have difficulty meeting — such as C-level executives, business owners, or sales and marketing leaders.
This is an excellent opportunity for someone who is personable, highly organized, and motivated.
4. Freelance
Almost all business is conducted online in some form or another today. As a result, companies need digital content — and lots of it.
If you know how to produce content, you can make a great side hustle online as a freelancer, generating sales and marketing material for businesses by blogging and educating customers about products and services to help businesses rank higher on Google.
If you’re looking for freelance writing gigs, look into sites like Fiverr and Upwork to find opportunities.
Freelance writer
Speaking of freelance writing, the most popular way to freelance online is to produce written copy in the form of blogs, articles, and web copy. When freelance writing, bloggers can charge by the word, per project, or by the hour. They can also work on retainers.
This is an excellent option for people who possess a niche area of expertise and an ability to clearly express themselves. For example, if you know a tremendous amount about animals, consider writing for a company that offers animal products or pet services.
Learn More:
Freelance email marketing
Another way to make money freelancing is to combine written content with email marketing expertise. If you know HTML and have strong design skills, you can create email blasts on a freelance basis that retailers can send to their target lists.
Email marketing is a bit more involved than freelance writing; it usually requires tracking performance metrics and generating leads. Explore this opportunity if you are metrics-driven and have a penchant for connecting with people.
Freelance designer
Many companies are looking for help with freelance graphic or video design. So if you have the Adobe Suite, a solid eye for detail, and a portfolio of work to share, it’s worth looking into freelance design opportunities — helping businesses create compelling media assets to put on their websites and social channels.
Disclaimer: When you freelance, you often get paid as a 1099 contractor, meaning taxes aren’t withheld from your checks. It is your responsibility to pay the taxes on your freelance income that you owe in an accurate and timely manner.
5. Work as a social media consultant
Social media is another major focal point for companies today. Across all industries, businesses are looking to partner with millennials who know how to create engaging posts, attract followers, and spearhead viral content.
Add it all up, and it’s a great opportunity for people who know their way around platforms like Facebook and Twitter.
If you’re a social media guru, consider contacting small businesses and asking about their social media strategy. You can work part-time or hourly auditing social media accounts and providing social overhauls, and you can also market yourself as a social media manager.
One of the best parts about working as a social media consultant is that it’s something you can typically do as a part-time job in your free time from home. In the digital age, you don’t need to be on-site to be a social media consultant or strategist.
6. Teach English online
People across the world are trying to learn English to further their education and careers. As a result, there is a strong demand for qualified instructors who are well versed in English and have the patience and skillset to work with others.
The requirements for teaching online courses in English tend to vary depending on which site you use. However, as a rule of thumb, you should have teaching English as a foreign language (TEFL) certification, a bachelor’s degree, and a fast computer with a reliable internet connection for video chatting and exchanging media with students.
If this sounds up your alley, look into a site like VIPKid, Preply, or English First. Or, consider launching your own business by starting a website, launching a YouTube channel, or connecting with people on social media.
Learn More:
- Read our full review of VIPKid.
7. Sell unwanted tech
When is the last time you swept through your house and cleaned out your unwanted technical devices? If you’re like most people, it’s probably been a while.
Take a look around your house and round up all of your unwanted smartphones, DVDs, laptops, CDs, televisions, tablets, Bluetooth speakers, headphones, cameras — the list goes on. Then head over to a site like Decluttr and consider selling your unwanted items.
Decluttr will pay you money for your unwanted devices and media. They’ll even pay for shipping and send you a box, which makes it incredibly easy.
As an added bonus, Decluttr also takes unwanted toys and games, too. You should also look into selling items on eBay, Facebook Marketplace, Craigslist, or LetGo. If you’ve got a lot of stuff to get rid of, there are many other selling apps to explore.
Once you sell your unwanted materials, you can put your money in the bank to save or invest. You can also consider looking for bargain items or junk online that you can potentially flip for a profit.
8. Use Amazon to make money
Prime is just one of the many services that Amazon is known for. As it turns out, the company has a variety of business services that you can use to bring in extra income on the side.
Amazon Handmade
Amazon Handmade is a service that lets you sell handmade items like potholders, t-shirts, drawings, and hats. If you’re creative and enjoy making items in your spare time, consider selling them on Amazon Handmade. It’s sort of like Etsy. Just on Amazon.
Merch by Amazon
If you like working as a graphic designer but don’t want to deal with the pain of managing and selling inventory, check out Merch by Amazon. This service lets you upload your own unique design, add a product description, and connect with buyers. When someone buys your design, you can receive a cut of the sale. It’s that simple.
AWS
Organizations of all sizes are moving to the cloud these days. However, many lack the experience managing Amazon Web Services, which is Amazon’s flagship cloud offering.
If you’re a tech whiz, consider offering AWS consulting services through this program by helping organizations migrate to the cloud efficiently and securely.
9. Proofread
If you enjoy reading and learning about new things, imagine if you could get paid to do both?
Truth be told, you can. You just need to get a proofreading job.
Companies that produce a lot of content are often looking for freelance proofreaders and will pay people like you to read and edit material before it goes to print.
You can get paid to look for spelling and grammar mistakes, to check for accuracy, or check whether content aligns with corporate style guides and policies, among other things.
Proofreading is a fun and flexible job. And if you’re good at it — meaning nothing gets by you and you can turn around copy fast — it can lead to more work, in other fields even.
Learn More:
10. Enter data
Can you sit in front of a computer for hours on end and enter data into spreadsheets? If that sounds like your idea of fun, data entry may just be for you.
Despite all of the advancements in workflow automation, data entry remains a top demand for companies of all sizes. You can get paid to transcribe information from invoices, field reports, customer reviews, and countless other documents.
Just like with proofreading, data entry requires patience and an impeccable eye for detail.
One of the great things about data entry is that companies who hire for this position typically have a steady need for it. For example, think of a busy healthcare company that needs to quickly process patient assessments or a busy product manufacturer that needs to fill orders and transmit them for billing.
If you get your foot in the door, it could lead to steady income.
11. Review music
What’s better than getting paid to listen to new music and write about it?
If you have an ear for music like P. Diddy or Taylor Swift and you’re good at writing, check out sites like Music Xray. It’s a site that lets emerging singers and songwriters submit their songs for review, and earn cash rewards for listening to music.
As a user, you can get paid to listen to new music from amateurs. Clips are half a minute in length and you can cash out when your account reaches $20 via PayPal.
Music aficionados are hard-pressed to find a better gig.
12. Become an online personal trainer
The pandemic has taken its toll on global waistlines.
According to one study by WebMD, 47% of women said they gained weight due to COVID-19 restrictions, while 22% of men packed on pounds, too.
If you’re a fitness guru, why not capitalize on this demand and host an online fitness class? You might want to teach yoga or stretching exercises. You can also host a live cardio event or virtual spin class for attendees — charging them a fee and collecting payments through a service like Venmo, Zelle, or PayPal.
In addition to making some extra money, this is a great way to stay in shape and encourage others to be healthier and shake off their pandemic rut.
13. Get paid to lose weight
If you’re the one who is looking to shed a few pounds, here’s some incredible news: You can actually get paid to lose weight.
Don’t believe me? Head over to HealthyWage and check out their weight-loss competitions.
This site basically lets you bet against yourself and set target weight loss goals. You can do it solo, with a group, and even with coworkers.
14. Host an online cooking class
If English journalist James May taught us one thing in his hit cooking show “Oh Cook,” it’s that you don’t have to be a professional chef to be great in the kitchen — or on camera.
All you need to do is have some personality and a genuine curiosity about how to make different recipes.
Bust out your cooking supplies, dig up some fun recipes (or make some up), and start a YouTube channel. Before you know it, you could be the next James May.
As a side note, this could be a fun activity for people who are home alone during the pandemic with nobody to cook for — especially if you turn into a live stream.
If you do a few episodes and they’re a hit, ask for donations or consider working with a local restaurant or food provider who may want to sponsor the series.
15. Write dating profiles
Ask anyone who’s ever done it and they’ll tell you the same thing: Spend some time swiping through online dating profiles, and you’re bound to cringe on more than one occasion.
The truth is there are a lot of bad dating profiles out there. And there’s an art to crafting the perfect dating profile, and some people are willing to pay for it. If you’re good at this type of activity, why not take a stab at it?
One way to make money writing dating profiles is to go through a company like Vida, which hires remote workers for this specific activity. Another option is to advertise your services on message boards or by word of mouth.
If you are effective at this type of writing, you could potentially help someone find true love and start a family. It’s work that you can feel good about doing.
16. Be a virtual recruiter
Let’s say you have a knack for striking up a conversation and a deep network of connections on LinkedIn, Twitter, and Facebook. Put these skills to use and launch a side gig as a virtual recruiter.
Virtual recruiters connect talented individuals with corporations — posting jobs, screening workers, and passing talented matches along to hiring managers for further interviewing.
And the best part?
You don’t have to be an industry expert in a particular topic. All you have to do is have an eye for talent and an ability to ask the right questions.
This can be a great way to make money on your own time while also helping others by further their careers.
17. Transcribe audio
Recent advancements in audio transcription technology make it much faster and easier to transcribe audio. However, they are not 100% effective yet. The technology still struggles with spelling and grammar — and with voice recognition, too.
As such, there is still strong demand for audio transcription support. You can get paid to either transcribe audio from a recording or to run through transcriptions and edit them for proper formatting, accuracy, style, and clarity.
This job requires patience and above-average listening skills. It also helps if you are good at understanding different accents and dialects.
Fortunately, you don’t need much to get started transcribing audio. In most cases, all that’s required is a laptop with an internet connection and either Microsoft Word or Google Docs. It also helps if you have experience using a transcription service like Descript.
18. Be a Tasker on TaskRabbit
TaskRabbit is a website that connects people with freelance workers in their local communities. The workers performing the jobs are called Taskers, who can earn from $15 to $60 an hour depending on the gig and geographical location.
For example, in the New York City area, you can earn $56 per hour by helping people move. In the Houston area, assembling furniture pays around $32 per hour.
Perhaps the best part is that you get to keep 100% of your earnings. You also get to set your own hours and rates.
As the gig economy continues to grow, it’s no surprise that TaskRabbit has been blowing up in recent years. An interesting side note is that the business was purchased by IKEA in 2017.
19. Drive for Lyft or Uber
You have a car in good standing, a clean driving record, and time on your hands — it’s time to start making money.
Download the Uber or Lyft app, and start a side hustle driving local people in your community to and from their destinations.
It’s not passive income, but driving for a rideshare service is an excellent way to make money from the comfort of your own vehicle. You can set your own hours and work as little or as often as you like.
People who start driving for a rideshare provider often find that it’s so easy and lucrative that they want to do it full-time. It’s more fun and adventurous than sitting behind a desk all day, and if you hustle you can bring in decent money.
20. Put your house on Airbnb
If you have room to spare or own an investment property, it might be time to consider making some of it available on a rental site like Airbnb.
Using Airbnb, you can offer short-term rentals to people who are passing through your area. This is a fantastic way to bring in extra household income, which you can use to pay down your rent or mortgage, cover utility bills, or pad your emergency savings account.
Airbnb is generally safe to use and gives you visibility into who is staying in your place. It’s also a great way to meet new people and form friendships with travelers.
Learn More:
21. Put your car on Turo
Your car that sits unused in your parking lot all day can possibly turn into a money-making machine. At the very least, that’s better than letting it collect dust.
If you like the idea of making money renting your car, consider putting on the Turo app when it’s not in use, allowing people in your area to rent it for short trips around town. For example, someone may need a car to get to a job interview or to pick up a friend.
Turo offers insurance to protect your car. As such, you shouldn’t have to worry about running into any trouble in the event something bad happens.
This is a way to make extra money to pay for car payments, auto repairs, gas, and maintenance on your vehicle. It’s also a way to generate some extra cash.
Frequently Asked Questions
Below are answers to some of the most common questions I get asked about side jobs.
What is a side job?
A side job (or side hustle) is any type of work that you take on in addition to your full-time gig. All of the above-mentioned items can be treated as side jobs, helping you generate extra monthly income.
By working a side job, you can create more financial security for yourself by bringing in extra cash each month to pay rent, buy groceries, invest and plan for retirement, pay down debt, or save up for a house, among countless other things.
Is it hard to make money online?
Take my word for it: Making money online is absolutely not hard. At the same time, doing it consistently and at a high volume can be difficult.
Part of the challenge about working online is that you’re up against a global network of workers. For example, if you apply for a job in your town, you may face 10 to 20 applicants. When you apply to a gig online, you may face hundreds or even thousands of competitors.
It’s not impossible to find work online, but it can take some time to land steady gigs that pay well. Spend some time thinking about what it is you do best and market yourself accordingly. Build up your LinkedIn account, spend time networking, and put your best foot forward. You never know when the next game-changing opportunity might come along.
What should I do with my side hustle money?
When you start bringing in more money, it’s going to be very tempting to spend it on luxury items.
Instead, try not to spend it frivolously (or even touch it!). If your goal is to build a strong financial future, invest your money and watch it grow so that you can retire earlier.
Above all else, remember that your time is valuable because it’s limited. You only have a certain amount of hours and energy during the week, and it’s vital to maximize both.
Don’t waste your time by flushing your money down the drain. Invest the money you make and make it work for you.
Is a side job legal?
There is no law prohibiting working side jobs in the United States. However, certain employees may face restrictions limiting what they are allowed to do for monetary gain in their free time.
For example, if you are privy to sensitive market data or intelligence, or you are bound by a noncompete clause, your employer may not like you doing something similar to your full-time job on the side — especially if you have any crossover with your market.
Your best bet is to contact a lawyer if you think there could be any potential issues that could get you fired or sued by your employer.
Should I quit my day job to work for myself?
Working for yourself is great when times are good and the money is flowing and you can meet your financial goals. Unfortunately, when things slow down and the money dries up, it can be very difficult.
If you decide to work for yourself, make sure that you can consistently bring in money over a period of at least a year or more. It’s a good idea to have several months of savings in the bank to cover unexpected emergencies, too. For the best results, you should also have a highly marketable skill and a strong network that you can rely on to attract new business.
Keep in mind that working for yourself will come with new tax implications. Consult with a financial advisor to make sure you’re maximizing taxes to avoid getting slammed by the IRS.
The Bottom Line
As you can see, there are many different ways to bring in extra cash online. The ideas listed here are just a few of the countless opportunities that exist.
As a young person, the best thing you can do is to open as many monetary spigots as you can. The more lines of revenue you have, the easier it will be to take hold of your financial future and work toward true financial freedom.
So, what’s your side job going to be?
from Make – Millennial Money https://ift.tt/3iNxYps
January 27, 2021 at 03:26AM
Saturday 23 January 2021
9 Best Conference Call Services of 2021 (Ranked & Reviewed)
Want to jump right to the top picks? The best conference call services are RingCentral and Grasshopper. Conference calls are the best way to communicate...Read More
The post 9 Best Conference Call Services of 2021 (Ranked & Reviewed) appeared first on Adam Enfroy.
from Adam Enfroy https://ift.tt/2Y8FxgU
Friday 22 January 2021
Hootsuite vs. Buffer: Which Social Tool is Best in 2021?
With over 60% of the world’s population on social media, the fact is obvious that your brand needs a presence on these channels. And with...Read More
The post Hootsuite vs. Buffer: Which Social Tool is Best in 2021? appeared first on Adam Enfroy.
from Adam Enfroy https://ift.tt/39UIuHt
Tuesday 19 January 2021
8 Ways to Get Cheap Airline Tickets for Your Next Flight
Most of us have heard about various common ways to get cheap airline tickets for our next flights. Haven’t we? These include booking in advance, flexible travel dates, flying Low Cost Carriers and so on. These ways to get cheapest airline tickets are indeed fine and work well for most travelers. And you could also […]
from MoneyConnexion https://ift.tt/35OnO2H
January 19, 2021 at 10:44AM
from MoneyConnexion https://ift.tt/35OnO2H
January 19, 2021 at 10:44AM
Monday 18 January 2021
How to Donate More Money to Charity without Spending Much?
Giving is an unalienable part of our human nature. That’s because giving selflessly or without the thought of getting anything in return brings us immense joy, as modern psychology amply proves. Most of us would love to donate to causes that serve underprivileged sections of the society or welfare activities that would benefit anything from […]
from MoneyConnexion https://ift.tt/3qyfyvo
January 18, 2021 at 12:30PM
from MoneyConnexion https://ift.tt/3qyfyvo
January 18, 2021 at 12:30PM
Sunday 17 January 2021
13 Best Data Migration Software of 2021 (Plus Free Options)
If you’re running a new implementation or upgrade and thinking about migrating your data, read further to choose the best data migration software. Whether you...Read More
The post 13 Best Data Migration Software of 2021 (Plus Free Options) appeared first on Adam Enfroy.
from Adam Enfroy https://ift.tt/2LSWPvH
Friday 15 January 2021
What is a Blog? Intro to Blogging and How it Works in 2021
Blogging has changed drastically over the last 15 years. What once started as a way to share journal-like updates with followers has evolved into a...Read More
The post What is a Blog? Intro to Blogging and How it Works in 2021 appeared first on Adam Enfroy.
from Adam Enfroy https://ift.tt/2Khjp0y
Side Gigs : A Beginner’s Guide
The global coronavirus pandemic forced workers across all industries to reevaluate how they earn a living. A large number of workers are now expanding beyond their full-time jobs and working side gigs to make ends’ meet or get ahead in life.
As it turns out, the gig economy is nothing new. The work-for-yourself trend has been accelerating for several years, and it’s only getting more popular with each passing day.
Thanks to the internet, it’s never been easier to find lucrative side hustles. Keep reading how you can get a second job (or third job!) to generate some side income in your spare time.
What is a Side Gig?
As the name suggests, a side gig or side hustle is a strategy for producing extra income in addition to having a full-time job.
A side gig can be whatever you need it to be. You can use a side gig to generate passive income without working or you can have an active gig that produces money whenever you put the time and effort in (e.g., a freelance writer, a blogger, or a marketer).
Since everyone is different, the side hustle that you will end up enjoying depends on several different factors.
Free Time
As you get older, you tend to have less time and energy. When you’re in your early 20s and 30s, you may have a lot of free time and plenty of energy to burn in addition to your full-time job.
But, as you age, different challenges arise. For example, you may get married and have kids or develop different hobbies. Or you may find that you simply lack the energy that you had in your youth.
As such, workers should prioritize their free time during their prime earning years. Free time is extremely valuable and maximizing it could mean the difference between retiring at 40 or 50—or retiring at 75.
That’s not to say that you should spend all of your time working. Just ask yourself if you could be doing more to build a strong financial future for yourself.
Availability
Focus on your general availability. For example, if you work in a certain industry like sales or marketing, you may be in a situation where you are exclusive to doing certain types of work for a specific company. This may limit the types of side hustles that you are capable of doing. You can’t write copy for a competitor, after all.
That said, there are always different ways of making extra money apart from your full-time job. Spend some time analyzing your situation, review your contract, and consider how you may be able to bring in some more money on a weekly basis.
Skill
Chances are you have a special skill. For example, maybe you are a great cook or are incredible with animals or kids. Or maybe you know a considerable amount about marketing or sports.
Whatever the case may be, spend some time brainstorming and outlining your skill set and look for ways to maximize what comes naturally to you. The trick is to start making money doing what you love. That way, it won’t feel like work.
Don’t think you have any special skills? Spend time learning about which future skills will help you succeed.
Determination
There’s no getting around it: Having a side job can take a lot of determination. After all, a full-time job can take a lot out of you over the course of a week or month. You need to build a strong work ethic and focus on powering through times when you have limited energy.
That said, you may want to think about how much time and energy you are devoting to your full-time job in exchange for what you get back. Outline your goals and ask whether you want to continue working for someone else for the rest of your career or whether you want to try and achieve true financial independence.
Having a side gig may take a lot of effort. But, ultimately, it will involve taking your financial situation into your own hands—which can be very empowering.
In fact, having a side gig can change your entire outlook on your career. You’ll never think about time and money the same way ever again.
The Benefits of a Side Gig
There are many reasons why it makes sense to leverage a side hustle, which we’ll briefly explore next.
Pay off Debt Faster
One of the hardest parts about falling into debt while working a full-time job is trying to pay it back on a limited income. If you’re bringing in a fixed amount every week, paying off debt can result in lifestyle changes like buying less food, limiting trips out of the house, and canceling entertainment subscriptions like Netflix — none of which are pleasant.
In contrast, starting a side hustle gives you the flexibility to pay off debt without impacting your overall quality of life. Of course, you should still consider making some lifestyle changes to minimize how much debt you are carrying. Overall, you’ll have to figure out the balance of money-making and cost-cutting that works best for you.
Save for Retirement
Another benefit to having a side gig is that you can start doing more to plan for retirement. This is a great option for people who don’t have a 401k and aren’t getting an employer match — or those who are having trouble maximizing individual retirement accounts (IRAs) and Roth IRAs.
The truth is that you can always do more to save for retirement. Even if you max out an IRA, you could always put money into another tax-sheltered account so that it can grow over time. The more that you put in during your working days, the more comfortable you’ll be when you approach your golden years — and there’s no better feeling in the world than being able to take care of yourself.
Build an Emergency Fund
Many people learned the hard way during the pandemic that it’s critical to have an emergency fund. A crisis can come when you least expect it, reducing or even eliminating your ability to bring in income. This can be extremely stressful—especially if you have a family to look after.
The best way to protect yourself is to stockpile your savings in an emergency fund and focus on growing it as steadily as you can. Most financial experts agree that you need to have at least six months’ worth of expenses in an emergency fund to cover things like rent, food, utilities, healthcare, and debt.
TIP: Maximize your emergency fund’s returns by using a high-yield savings account.
Shop around and look for a place to park your money in a location that offers maximum flexibility and a strong return on your investment. One of the best places to put money aside into an emergency fund is a high-yield savings account (HYSA), which is a savings account that offers a higher interest rate than what you’ll find at a traditional bank. In addition to benefitting from a stronger ROI, HYSAs also offer greater flexibility to access your money when you need it.
Just keep in mind that HYSAs have a limited number of transactions allowed for each monthly cycle. In addition, HYSAs won’t offer debit card services. For these reasons, most people use HYSAs in conjunction with traditional checking and savings accounts.
Diversify Your Income
For some people, it’s not uncommon to have four, five, or even six sources of income. This may seem ridiculous. But if you start slow and stick with it, you’ll find that working side gigs can be addictive.
With each side gig that you start, your sense of personal security and well-being improves — especially when it comes to your full-time job. Having an extra cash flow lets you worry less about losing your full-time job — and it even gives you more confidence to do things like ask for raises (which you should be doing regularly) and taking professional risks.
Take my word for it: Side gigs can open up a world of possibilities. How do you think I got here?
Types of Side Gigs to Consider
Now that you have a general understanding of what a side gig is and why it’s important, here are some ideas that you can explore in your free time.
- Drive or Deliver for Money
- Take Surveys
- Work as a Virtual Assistant
- Walk Dogs
- Sell Stuff Online
- Manage Social Media
- Freelance
- Rent Out Your House
- Sell Stock Photos
- Become a Social Media Influencer
- Complete Tasks for Others
- Work as a Babysitter
Drive or Deliver for Money
Driving for a rideshare service like Uber or Lyft is something that you can explore. It requires virtually no training, and you don’t even have to interview to get started. All you need to have is a decent car, a desire to make money, and general people skills, and you can start making money in a way that is flexible and convenient.
If you’re uncomfortable driving strangers around town, consider making deliveries for services like UberEats, Postmates, and DoorDash. This is a great option to consider if you live in a heavily populated area with a lot of dining options. It’s even better if you like driving.
Learn More: Here’s our list of best delivery app jobs.
Take Surveys
Chances are you’re thinking that these ideas sound great. But you might be wondering about where you’ll find the time to take on any more work.
It turns out you can even make money in your free time when you’re sitting on your couch. If you’re interested in that, look into taking surveys on sites like Swagbucks and Survey Junkie. Survey sites can pay you in cash and legitimate rewards from retailers like Amazon and Walmart. There are a lot of scams to watch out for, but taking surveys can be a great way to supplement your income and have fun in the process.
In addition to taking surveys, some sites can even pay you to do things like watch on-demand videos or shop at your favorite stores. It’s not a terrible way to make a few bucks.
Learn More: Here’s our list of the best survey apps.
Work as a Virtual Assistant
There is high demand for administrative assistants who are skilled at typing, scheduling meetings, keeping track of files, and processing paperwork. People with these skills can bring in decent income on the side working as virtual assistants.
It’s not unheard of for virtual assistants to earn $2,000+ per month, depending on their specialty and available time.
Working as a virtual assistant is something that you could do as a part-time job. This is another great way to meet people and form strong business connections. Plenty of famous people started out as office assistants—like Joan Rivers and J.K. Rowling.
Learn More: Here’s our full article on how to become a virtual assistant.
Walk Dogs
Maybe you are better at working with animals than kids. If so, consider dog walking or working as a pet sitter. You’ll get to hang out with animals and earn a steady cash flow.
One of the best parts about working as a dog walker or pet sitter is the lifestyle that comes with it — especially during overnight stays. You can earn under-the-table money for spending time with animals, going for walks through trails and parks, and playing fetch.
And just like babysitting, if you do a good job your reputation and client base can grow — especially if you are available during the working week or on nights and weekends. This can lead to consistent work and higher-paying gigs. As an added bonus, walking dogs is a great way to meet people and make more connections.
Sell Stuff Online
Plenty of people work lucrative side gigs selling items on e-commerce sites like Amazon, eBay, and Etsy. There are selling opportunities for all types of sellers, ranging from people who own books to those who can create crafty items like hats and jewelry.
Selling items online is great because you don’t have to manage a website to do it. Instead, you can leverage pre-existing marketplaces — saving you a tremendous amount of work.
It’s also a great way to get rid of old stuff that you never use. One of my favorite websites for this is Decluttr which accepts items like old phones, CDs, DVDS, games, books, tablets, and a whole lot more.
Manage Social Media
If you’re savvy with social media and computers, consider helping businesses manage their social media accounts.
Plenty of small businesses are looking for help growing their social presence. You can get paid to post on various social sites, manage connections, and engage with other customers and accounts. It can be a fun way to make money.
There are tons of postings for these types of positions on sites like FlexJobs. This could be a great opportunity if you understand social media and how it works.
Freelance
If you are a creative type, you should take a hard look at whether you are being adequately compensated for your talents. All too often, creative professionals get complacent when they are salaried and fail to understand how much they could actually be making freelancing.
Look into sites like Fiverr and Upwork, or go on LinkedIn and start looking for companies seeking freelance writing, design, video, and audio professionals. Who knows? You can launch a healthy side gig that just may turn into a lucrative full-time business of your own. Freelancers can make a lot of money while maintaining the flexibility needed to work at their own pace.
Just remember to review any agreement that you have with your current employer to avoid any potential complications. Companies can get territorial about who they hire or share information with. In fact, depending on your line of work, you may want to consult with a lawyer to protect yourself before starting a side gig as a freelance professional to protect yourself and avoid potential problems.
Learn More: Check out our guide on how to become a freelance writer.
Rent Out Your House
If you own your own house and you have room to spare, consider making your home available to travelers on a site like Airbnb.
Making your house available on Airbnb is an excellent way to earn passive income while treating your house like a bed and breakfast — especially if you live near a big city or a popular destination like a ski mountain or beach. Vacationers are always looking for cheap rents at places that they can stay in for a few days at a time.
Plus, as a host on Airbnb, you can offer as many or as few amenities as you wish. You can take a hands-off approach (and just worry about cleaning—or paying someone to clean for you) or you could offer more of a hands-on experience for your guests.
Leveraging Airbnb consistently can expose you to many fun and interesting people. You can use the money to pay down your mortgage—or to pay for utilities or groceries. It’s a convenient and flexible way to earn money on your own terms.
Learn More: A real-life case study on how to make money with Airbnb.
Sell Stock Photos
Another way to make money without much effort is to sell stock photos. If you have a camera and an eye for design, you can spend a day walking around your local city and taking artsy images of objects like buildings, park benches, and light fixtures.
Once you’ve snapped a bunch, take the best ones and apply to sell them on an image sharing site. If your images are good, companies can download your photos and pay you royalties each time they use your work.
Learn More: Selling stock photos is one way, but there are tons of ways to make money with photography.
Become a Social Media Influencer
If you’re good with social media and have a decent following, consider working as an online influencer helping brands and retailers promote products and services. You can get paid to try different products, explain how things work, and offer reviews.
Just keep in mind that being an influencer isn’t quite as easy as it looks. It can require a significant ongoing effort to come up with high-quality content that looks professional and is engaging.
Before you start working as an influencer and working with brands, consider drafting a business strategy and a content calendar to plan ahead. This makes the process infinitely easier.
Complete Tasks for Others
If you’re handy with a wrench, hammer, or paintbrush, or if you’re great at buying groceries, you may want to do jobs for hire on sites like TaskRabbit or Craigslist.
This is a part-time job that you can easily take on in addition to working a 9-5.
Work as a Babysitter
If you’re good with kids, you may want to consider helping your friends, family members, and community members who are working full-time and need a break.
Working as a babysitter is a great way to make under-the-table cash. In addition, you can build up a steady clientele if you prove to be reliable. Parents are always looking for trusted contacts to help with childcare.
Tips for Side Working Gigs
Before you rush off and start working a side gig, there are a few things to keep in mind to ensure you have a safe, enjoyable, and profitable experience.
Time Management is Key
Once you start getting a taste of the good life working side gigs and the money starts rolling in, you may be tempted to keep working more. Make sure that you go slowly at first so that you don’t run into any scheduling conflicts. Time management is key to success when working one or more side hustles.
Keep Careful Track of Finances
Another issue that workers face when managing multiple gigs is staying on top of payments. Working a side hustle isn’t always as easy as working full-time or part-time for a company. Expect to keep invoices and submit them at regular intervals to keep payments from going missing. The last thing you want to do is complete work without compensation due to an administrative error.
In addition, keep in mind that payment structure and frequency can vary depending on what you’re doing. Not all employers are diligent about paying people on time. You may have to be aggressive about tracking payments down from time to time.
Talk to a Financial Advisor About Taxes
Not all employers take taxes out of your paycheck, putting the responsibility on you to complete this critical task. If you work as a contractor, talk to a financial advisor about handling taxes to avoid running into trouble with Uncle Sam.
You can also check out our Freelance Tax Guide.
FAQ
Is it legal to have a side gig and work full-time?
Generally speaking, most side gigs are legal. However, it can get complicated when trying to determine whether your side hustle interferes with your full-time job.
If you signed an exclusive contract to work for a company—or your organization is tight about protecting trade secrets or private information—you may want to consult with a legal professional before starting. Rushing into a full-time gig could have dangerous repercussions if you’re not careful.
How can I avoid burnout when working side gigs?
Burnout is a reality that all professionals who work side gigs have to manage. It can be very easy to take on too much work and wind up getting into a situation where you are left feeling depleted or depressed about having to do it. This can be difficult—especially when other people are counting on you to complete certain projects.
To avoid burnout, diversify your side work. For example, if you work full-time in an office, consider working for a restaurant as a bartender at night. Bartending can be fun, and you can make a lot of money. Most importantly, it’s something different than pounding a keyboard all day.
At the same time, taking on another type of work can teach you valuable lessons that you can apply to your full-time gig. Working as a bartender can help you refine your social skills and give you more confidence to approach coworkers and customers, for example
Can you get rich working a side gig?
You absolutely can get rich working a side gig if you choose the right investment strategies.
Money management is critical for success when working a side gig. It’s up to you to put money aside for growth in places like index funds, mutual funds, exchange-traded funds, and individual stocks. In addition, you’ll want to set money aside to pay taxes and to grow in a savings account.
The more money you put aside when you’re young, the more you are going to have waiting for you in retirement. If you blow all of your money on fancy items like cars, expensive dinners, and designer clothes, you will wind up spinning your tires with little to show for all your hard work.
Above all else, remember that your free time is extremely valuable. Do yourself a favor and invest wisely to maximize your income.
One of the best financial tips to consider is to focus on growing each dollar. If you make $20 sweeping someone’s floor, try to turn it into $100 over the years.
What is passive income?
In some cases, you can make an upfront investment and continue to receive payment on an ongoing basis. The investment can be financial (like investing in the stock market) or it can be in the form of time.
For example, selling an image online and collecting royalties can be considered passive income. Passive income is great because it can provide monthly payments while requiring little to no ongoing labor on your part.
The Bottom Line
If you want to pad your bank account, consider signing up for a second, third, or even a fourth job. This could be one of the best personal finance decisions you will ever make. You can make money on the side while learning valuable skills that you can use to enhance your personal and professional life. And you might well meet some awesome people (or pets) along the way, too.
One of the hardest things to learn in life is that you alone are responsible for your professional growth and development. If you want to make more money, find a way to start making more money. It’s that simple, and you have the power to do it.
Read More:
- 65 Apps That Pay You
- 31 Best Side Hustle Ideas
- 21 Best Part Time Jobs
- 16 Best Passive Income Apps to Make Money
from Make – Millennial Money https://ift.tt/39sBzVK
January 15, 2021 at 02:12AM
Thursday 14 January 2021
What is a Webinar and How Do They Work? (Sales Guide 2021)
Webinars are amazing tools for educating, engaging, and captivating target audiences. A well-executed webinar can allow your business to interact with leads spread out all...Read More
The post What is a Webinar and How Do They Work? (Sales Guide 2021) appeared first on Adam Enfroy.
from Adam Enfroy https://ift.tt/39w6Kj5
Wednesday 13 January 2021
10 Fun Hobbies That Make Money in 2021
Everyone has some hobby or the other. But not many people on this planet are aware they can turn their hobbies into excellent money spinning side-gigs. In this article, I will be writing about 10 such hobbies that can earn you real money in 2021. Using Hobbies That Make Money for 2021 While you can […]
from MoneyConnexion https://ift.tt/3bzZDIX
January 13, 2021 at 11:43AM
from MoneyConnexion https://ift.tt/3bzZDIX
January 13, 2021 at 11:43AM
Tuesday 12 January 2021
How Much Money Should You Really Save Every Month?
How Much Money Should I Really Save Every Month? This is one of the common questions I often get from my readers and followers. Actually, there’s no upper limit on how much money should you really save. However, there’re very strong reasons on why you should save a considerable amount of money from your income. […]
from MoneyConnexion https://ift.tt/3i2cS6s
January 12, 2021 at 04:53PM
from MoneyConnexion https://ift.tt/3i2cS6s
January 12, 2021 at 04:53PM
Monday 11 January 2021
Link Building 2.0: The Leverage Flywheel
This is part 2 of my 3-part series Scale Your Influence. Part 1: The Keyword Research Matrix covered how keyword research is easy, often taught...Read More
The post Link Building 2.0: The Leverage Flywheel appeared first on Adam Enfroy.
from Adam Enfroy https://ift.tt/2Ld9nOF
10 Best Warehouse Management Systems of 2021 (Ranked)
Running a successful e-commerce business revolves around smooth supply chain management. And managing your warehouse is integral to this process. These software solutions sync with...Read More
The post 10 Best Warehouse Management Systems of 2021 (Ranked) appeared first on Adam Enfroy.
from Adam Enfroy https://ift.tt/39eXfo0
Tuesday 5 January 2021
7 Best PLM Software of 2021 (Ranked and Reviewed)
Product lifecycle management (PLM) software manages product data through all stages of the product creation process. Companies use PLM software to integrate data during product...Read More
The post 7 Best PLM Software of 2021 (Ranked and Reviewed) appeared first on Adam Enfroy.
from Adam Enfroy https://ift.tt/2L3qXo3
Monday 4 January 2021
Blog Income Report for 2020: How I Made $812,718 This Year
In my blog’s first year (2019), it brought in $203k. So for 2020, I set my sights on a goal of $400k. Well, that goal...Read More
The post Blog Income Report for 2020: How I Made $812,718 This Year appeared first on Adam Enfroy.
from Adam Enfroy https://ift.tt/38ZW0ZR
Subscribe to:
Posts (Atom)