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The post How to Become a Social Media Manager appeared first on Millennial Money.
Think you have what it takes to become a social media manager? There’s more to it than just hash-tagging on Instagram and Twitter all day.
Being a successful social media manager requires great customer service skills, subject matter expertise, and a good sense of humor. That’s why companies are often willing to shell out big bucks to social-savvy Millennials for doing this fun but important job.
Keep reading to learn what a social media manager does and how to become one.
or, skip straight to the section on how to become a social media manager
Working as a social media manager involves taking on a variety of different roles and responsibilities. Here’s a general overview of what to expect.
As a social media marketer, you’ll schedule posts across numerous social media platforms, including Facebook, Twitter, LinkedIn, Instagram, and Snapchat, to name a few.
Effective social media managers know the best times of the week to post on different channels to maximize user engagement. They also know when to break the rules to capture attention and stand out from the crowd.
When you’re managing social media for a company, one word you can expect to hear a lot is engagement. Companies want to create content on each social media platform that resonates with their customers and generates comments, likes, and shares.
The best managers know how to think outside the box and put together campaigns that command attention — even when the brand isn’t that exciting.
As a social media manager, you’ll be on the front lines for the company you represent. When customers comment about a negative experience, it’ll be your job to respond and manage damage control.
This may involve commenting with a response, sending a direct message, or issuing a public statement on behalf of the company.
Companies run promotions through their social media channels to connect with buyers and drum up business.
One classic example is Apple’s #shotoniphone campaign, which leverages user-generated content to promote the brand.
Social media is typically just one part of a brand’s overall marketing strategy.
Social media managers often coordinate with public relations, design, product, and sales teams to produce social posts aligned with various campaigns and goals.
Many professional social media managers have a degree in business, marketing, communications, or a related field. These majors can help prepare you for the work you’ll do in social media marketing.
Alternatively, you can look for non-degree educational programs in digital marketing. There are some great options on learning sites like Udemy.
It also pays to get real-world experience. Volunteer to help a local nonprofit with its social media marketing. Or take an entry-level job to learn the ropes without getting a marketing degree.
Social media management is highly competitive. So you’ll need to be sharp as a tack if you want to land a gig — and keep it.
Here’s a quick breakdown of what you need to make it as a social media manager:
If you want to succeed as a social media manager, you must know how to use the management tools created to track engagement, manage your workflow, and publish content.
Top social media management tools to know about
Before you can land a paid gig, a company will want to see your experience and some samples of your work — such as viral tweets or Facebook posts. They might also want examples of strong engagement and a demonstrated ability to manage a channel and work with others.
One easy way you can start meeting these requirements is by building your own social media presence. Post across channels that interest you. For example, you may start with Facebook, Instagram, and Twitter. And don’t be afraid to showcase a bit of your personality.
After you build a social media presence, you can approach small businesses in your area that may need help. You may also want to contact charity organizations and nonprofits to see if they need any volunteers.
Learn More:
Social media opportunities abound. So you won’t have to look very far to find them. A quick search of sites like LinkedIn, Indeed, and Monster should turn up a bunch of social media management jobs. You can even look on freelancing sites like Fiverr or Upwork.
Unfortunately, you’re likely going to be up against stiff competition. You may have better luck approaching companies directly through their websites and asking if they have any social media positions available.
Otherwise, it’s a numbers game. If you want to play it, start applying and take what you can find!
As you can see, there are many different ways a social media manager helps an organization. There’s often much more to the job than sitting in front of Twitter all day.
Here’s a breakdown of the various types of social media manager roles that you can explore.
As a freelance social media manager, you have the freedom to work with multiple brands at a time.
Freelancers often work in niche industry areas. For example, you may work with food companies, clothing brands, or travel organizations.
Freelancing as a social media manager gives you the ability to work from home. If you’re good at what you do, you might be able to travel to fun events like trade shows and industry events to help promote the brand.
A contract social media manager works exclusively with one brand, but not on a full-time basis. For example, a company may really like your work and won’t want to share you with any organization. The organization may offer you a contract role to lock you down.
Be aware that contract opportunities may pay more, but they don’t usually offer benefits. On top of that, they can also prevent you from taking on other gigs that could potentially give you more cash until the contract is up.
If you find that you’re decent at managing social media and prefer the stability of a full-time role, you may opt for a full-time social media manager position.
At the same time, you could also opt for a shorter role for thirty hours per week — especially since many companies now pay benefits for part-time workers. This may be on-site, remote, or hybrid, where you go back and forth from a home office to a physical office.
Only you can decide if this type of role is right for you. Some people like working set hours and receiving steady paychecks, while others find this lifestyle stifling and limiting.
It almost goes without saying, but when assessing a social media manager role, you should give serious consideration to how much the job pays. The fact is there are many talented social media managers out there who are being under-compensated for their talent and skills.
The average salary for a social media manager is $54,000 annually. On the low end, a social media manager can make anywhere from $30,000 to $40,000 per year. In some cases, social media managers can earn upwards of $80,000 to $90,000 per year — or even more.
How much you make largely depends on your location, career level, and skill level. Early career social media managers naturally won’t make as much as a more experienced mid-career social media career consultant or a well-known influencer who is trying to help grow a company’s brand.
Learn More:
Here are some of the most frequently asked questions about becoming a social media manager.
To be a good social media manager, you need to wear a variety of hats.
First and foremost, it requires being good at brand messaging and producing engaging content. As such, it’s critical to have strong copywriting, editing, and design skills.
In addition, you have to be flexible and willing to go above and beyond the job description at any given time. For example, you may need to learn new social media platforms, train other marketers on your team, or put in extra hours.
On top of all this, social media managers need to respond quickly and have the ability to think on the fly.
A steady paycheck can be either a curse or a blessing depending on how you look at it.
Some people — especially those who have families to support — find freedom in knowing exactly where their next paycheck is coming from.
At the same time, receiving a steady paycheck can make you lazy and ruin your sense of ambition. It’s very easy to take a cushy job and spend the majority of your career in one place, only to wake up one morning and realize your career is passing you by.
Social media management can be a great career path if you enjoy producing content and working on marketing projects. Working as a social strategist is fun and engaging, and it can expose you to many new and valuable skills as well as new people, too.
If you’re interested in this line of work, spend some time poking around social media platforms and take a look at how various brands handle their social media strategy every day. Imagine how you would manage the channel as a community manager and visualize yourself in that role.
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The post 15 Best Ways to Get Paid to Listen to Music in 2021 appeared first on Millennial Money.
Listening to music is one of life’s greatest pleasures. Music can rev you up when you’re out of energy — and calm you down when you have too much of it. It can comfort you when you’re sad and accompany your happiest moments. But what if listening to music could also earn you extra cash?
Believe it or not, there’s a growing number of ways you can get paid to listen to music. It’s one of the easiest and most fun ways to make money online.
In this guide, we’ll uncover some of the best opportunities anyone can try to get paid to listen to music. So queue up your favorite Spotify playlist, and let’s dig in.
Here are our top ways to get paid to listen to music:
Apps That Pay You to Listen to Music
One of the easiest ways to get paid to listen to music is by downloading an app or logging into a website that promotes artists and record labels. These services may perform market research by getting your opinion on a song. Or they may pay you to check out a new singer or band.
And don’t stress if you didn’t graduate from Julliard. These companies require zero knowledge of musical theory to get started. All you need is an internet connection and a love of music.
The Current Rewards music app lets you earn up to $600 in cash or gift cards per year just for listening to music. You’ll listen to the curated radio stations of your choice — from country to hip hop — and earn points along the way. Of course, the more you listen, the more you’ll earn.
And unlike listening with a streaming service like Spotify or Pandora, you’ll pay zero fees for enjoying curated music on Current.
You can even “record” songs from the station to listen to offline. That’s extra fun for us “older Millennials” who remember taping songs off the radio back in the day!
Besides jamming out to tunes, Current Rewards lets you earn points by completing tasks such as reaching a certain level in an in-app game or answering a survey. You can also earn up to fifteen points for watching video ads.
Once you’ve racked up points, you can redeem them for gift cards from retailers like Amazon, iTunes, and Starbucks. Or you can request a cash transfer to your PayPal account.
Current Rewards is a great way to earn passive income. You may not make a full-time living from it, but $600 per year could cover tickets, camping, and food at your favorite music festival.
If you love sharing your opinions on music, Slicethepie may be one of the best ways to make some extra cash.
Slicethepie is one of the largest paid review sites online. All you have to do is sit back, listen to music, and then write reviews about it. You can earn cash for every review that you submit.
How much you’ll get paid depends on the quality of your review and the category of music. But the average payout per review is 10 cents. Once you’ve earned $10, you can request a transfer to your PayPal account.
A cool part about Slicethepie is that you can review more than just the music itself. For example, you can also give feedback about record labels or an artist’s wardrobe. It’s a fun way to participate in the creative process while racking up a few dollars in the process.
Have you ever dreamed of working in the music industry and getting access to music before it hits the public? Now you can make this dream a reality with HitPredictor, a peer review site that collects public opinions on new music.
When you sign up, you’ll get to choose what type of music you like to listen to. Then you’ll listen to music and rate it.
Like many of the music sites on this list, HitPredictor rewards you with points. You’ll get three points — equal to $1 — for every song you rate. Once you have $5 worth of points saved, you can exchange them for Amazon gift cards.
Spotify users rejoice — there’s a way to monetize your favorite playlist. Playlist Push pays seasoned playlist curators for reviewing music.
To qualify as a curator, you need a public playlist on either Spotify, YouTube Music, or Apple Music. Your playlists can’t focus on a specific decade (such as “Totally ’80s”). You must also have a minimum of 1,000 followers per playlist. Playlists with fewer than 3,000 followers must have at least thirty active listeners. All other playlists require a minimum of 1 percent active listeners on the streaming platform.
If you meet the criteria, you can earn from $1.25 to $15 for each song that you review. If you like, you can add songs to your playlist, but there’s no requirement to do so. You’ll receive your payments via Transferwise.
RadioEarn is another site that lets you earn passive income for listening to music. Once you sign up for a free account, you can start listening to online radio stations and earning points. You can also use RadioEarn’s API (application programming interface) to embed a radio station on your own website.
You’ll earn points for every fifteen minutes that you listen to music. You can receive payouts every month in the form of Amazon gift cards, Bitcoin, or bank transfers.
Research.fm is a long-standing market research provider for radio stations. After signing up, you’ll fill out an email survey about your demographics and listening habits. Research.fm will email you every time you qualify to review a music sample. As a reward, you’ll get Amazon gift cards.
Cash4Minutes is an outlier on this list because it monetizes your unused phone minutes in exchange for listening to internet radio.
To earn money, you have to call one of the provided numbers to listen to the radio broadcast. You’ll earn a small amount for each minute you tune in. When it’s time to cash out, you can collect via Paypal, Bitcoin, bank transfer, or Amazon gift card.
Earnably is a site on which users complete different tasks for points. These tasks range from answering survey questions to watching music videos and listening to radio stations. Earnably also lets you earn extra points with special tasks such as tuning in to a specific program.
The more music you stream, the more points you can collect. You can redeem your points for Amazon gift cards, Bitcoin, or PayPal transfers. However, you need to earn at least 225 points to begin redeeming. That’s equal to $2.
Alternative Ways to Make Money Listening to Music
Besides the companies on this list, there are many alternative ways to get paid to listen to music. In fact, there are jobs where grooving to tunes is an appealing perk. Here are some of our favorites.
If you really, really love music, consider getting a job in a local record store. You’ll be around music lovers all day, and you’ll most likely be encouraged to play and listen to music to enhance the customer experience.
This is a dream job for music lovers who can’t get enough to listen to and enjoy working in a customer-facing retail environment. Just watch out — you might be tempted to spend your whole paycheck on vinyl!
Another way to make money listening to music is to start your own music podcast. Invite your friends who are musicians or independent artists to participate and play music for your audience members. Offer a mix of exclusive interviews and original content. You can make money by getting advertisers to sponsor your program.
Bars and music go hand-in-hand. Most bartenders get to play their own playlists for customers. Of course, you may have to play the music that your patrons want to hear. And if you want to earn extra tips, it pays to cater to your audience.
As an Uber or Lyft driver, you have three options. You can either drive around in silence, pick the music as you go, or let your passengers DJ en route to their destinations. The third option can be a great conversation starter that helps break the ice and leads to bigger tips. You may even discover some really great music that you never knew about.
Learn More:
Get a job or home based business, and you can play music while you work. After all, there’s no boss or manager to tell you to stop.
For example, you can work as a social media associate, virtual assistant, or blogger. Working from home takes discipline and hard work, but you can make money and have the freedom to listen to any music that your heart desires.
No wedding, corporate event, or holiday party would be complete without an overenthusiastic DJ telling people to “get jiggy with it.”
You could be that DJ.
DJing may seem easy, but it’s hard work. The good news is people are usually willing to pay big money to make sure their guests dance and have a good time. If you want to go this route, it might be a good idea to start with smaller gigs and work your way up.
Occasionally, you can earn extra cash listening to music on survey sites like Nielsen and InboxDollars.
With Nielsen, you first have to down the app on your iOS or Android device and allow it to track all of your online activity, including the websites you visit and the music you listen to. It collects this data for market research purposes. You then may be asked to participate in a focus group where you can share your feedback.
For InboxDollars, you sign up for a free account and answer screening questions to find out which surveys you qualify for.
Learn more:
Listening to music is a lot of fun, but there are few ways to do it and make a lot of money. If you want to earn the big bucks, you’ll need to be an executive at a major recording studio or record label.
But that’s not to say you can’t earn a few dollars listening to tunes from the comfort of your home. The trick is to find ways to make money while listening to music while also generating revenue from other side hustles (e.g., driving for rideshare services, walking dogs, or painting houses).
Having a PayPal account will make it easier to get paid by many music sites and other online side hustles. But while some music sites pay out via PayPal, others offer gift cards or direct bank deposits.
Remember that there are many scams online. It’s important to be on the lookout for sketchy websites that either want to rip you off or steal your identity. Overall, PayPal is a safe way to transact money online.
Spotify itself doesn’t pay users to listen to music. However, users with popular playlists can use a site such as Playlist Push to earn money for reviewing new music.
Let’s face it: Listening to your favorite music over and over again can get boring. There’s a world of music online, with an endless number of new artists and new songs to explore. So why not get paid to review music and discover them?
Or, if you prefer to listen to your own selection, you can still find jobs that let you play music. And if you work remotely, you’re free to crank up the volume, as long as it doesn’t interfere with your job.
Whichever direction you chose, music fans should keep an eye out for money-making opportunities. Who knows — you might earn more than just extra money and find yourself with an exciting full-time career.
The post 15 Best Ways to Get Paid to Listen to Music in 2021 appeared first on Millennial Money.
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The post 43 Legit Home Based Business Ideas appeared first on Millennial Money.
If the past year has taught us anything — other than how many Oreos we can eat in one sitting — it’s that working from home is totally possible. In fact, a home-based business could be the key to living your best life.
Gone are the days of the endless commute and the nine-to-five office drudgery. Instead, folks are discovering they can work when they want, where they want. No shoes required!
There are countless ways to make money from home today. In the digital world, business opportunities are everywhere you look.
If you’re thinking about starting a new home-based business or taking on some part-time remote work, you’ve come to the right place. Here are forty-three legit ways to make money from home.
Here are forty-three legit ways to make money from home whether you want to sit in front of a computer or get your hands dirty.
Online home based business ideas
I can tell you from experience that blogging is one of the best home-based businesses you can start. You can blog about practically anything, from fashion to cars to celebrity gossip.
And once your blog is gaining followers, you can get paid via advertisements through AdSense or by approaching affiliates directly.
Blogging can be hard work. But with a little bit of planning and consistency, you could even turn it into a full-time business.
Are you the kind of person who likes making videos? If so, think about launching your own business on YouTube. You can make money by streaming a variety of things — like cooking demonstrations, product reviews, or music performances.
You can make money on YouTube by creating quality content and amassing subscribers. Once you get 1,000 subscribers, YouTube will consider you a Partner. That means you can start making money with your content. If you’re not camera-shy, YouTube can be a fun way to pick up extra income.
Folks handy with a controller have a unique opportunity to make money streaming on Twitch. It’s a social media platform for video gamers.
If you love playing video games, open a Twitch account and start posting regular content. If your content is unique, engaging, and valuable, people will subscribe to your channel and you could make a name for yourself.
Once you gain a lot of followers, you can reach affiliate or partner status and start hauling in the dough.
Virtual assistants make money by helping businesses with backend tasks like scheduling meetings, paying bills, and answering phones.
Consider dropshipping. With this business idea, you buy items wholesale and sell them for higher prices on Amazon. Best of all, the items are stored in an Amazon warehouse. So you won’t have massive piles of random stuff in your house.
Note that Amazon takes a 10 to 15 percent commission on sales. However, dropshipping is a potential long-term moneymaker if you are selling an in-demand product.
Tech wizards should look into providing IT support for local customers. This line of work requires being adept with technology and having a tremendous amount of patience. Support specialists need to be able to walk customers through difficult challenges and see problems through to completion.
This can lead to steady work and trusted client relationships with the potential for recurring revenue. Post advertisements around town or ask around in your personal network to see if anyone needs help.
Another way to make money from home is by helping companies and nonprofits with their social media accounts.
Companies often struggle to resonate with audiences and create engaging content. Talented social media marketers can make money by creating compelling social posts, attracting followers, and engaging with customers throughout the day. And let’s face it, you’re spending all day scrolling anyway.
Social-savvy millennials should consider working as social media influencers and help brands market their products in organic ways.
One app that connects social influencers to brands is Collabor8. This is great for people who are excellent on sites like Facebook and Instagram.
Another way to be your own boss is to freelance using a site like Fiverr, which is an online platform for freelancers.
This site connects people to freelance opportunities, giving them a platform to make money by taking on gig work. This is great for writers, artists, and other types of consultants who want to work on projects in their spare time or as side hustles.
Animal related home based business ideas
And if human kids aren’t your thing, you can start a home-based business by taking care of furbabies. Pet owners often pay people to watch their animals and take them out for walks.
Pet sitting can be just as lucrative as babysitting — especially if you’re able to visit every day while owners are at work. Look into the Rover app for pet-related jobs.
Most pet owners won’t go near their beloved pets with a pair of clippers. Instead, they outsource to dog groomers and pay them handsomely to trim, clip, shampoo, and pamper their pets.
Home based business ideas for people who like to get their hands dirty
Cleaning houses can lead to steady income for people who are willing to work hard.
From the get-go, you may have to be the one doing the cleaning. That means you’ll be putting in the elbow grease.
However, as you build up customers, you can hire other cleaners to do the work for you. Once you take that step, you can run the business from home and focus your efforts on servicing customers and growing the business through marketing.
This is a great word-of-mouth opportunity. If you’re strong as an ox, offer to move furniture, boxes, and appliances for people. You can service members of your community and businesses in your area.
The work pays well and is great exercise. You can cancel that gym membership! Best of all, you can use your home as your office.
As they say, one person’s trash is another person’s treasure — and this is especially true with furniture.
You can make money by finding cheap or unwanted furniture, restoring it, and selling it at a marked-up price.
For example, someone may throw a chair away. Consider picking it up, polishing it, and hawking it on a site like eBay. When you develop a good eye for undervalued products, you can start making some serious cash.
Good mechanics are always in demand. People who have a knack for repairing cars should consider starting an at-home garage.
That said, make sure you know what you’re doing if you are going to be charging people money. The last thing you want to do is break someone’s car, which can cost both you and your customers money. Consider getting official training before taking this route.
If you have a garden, you should consider growing vegetables and selling them in a local farm stand or to local grocery stores. Seeds cost very little, and they can lead to a healthy harvest.
Those with a green thumb and adequate yard space could also consider getting some chickens and selling their eggs.
People who are fortunate enough to live near forested areas should consider sustainably chopping down trees, or sourcing fallen trees, and selling them for firewood.
Before taking this approach, it’s a good idea to talk to a local forestry professional and inquire about what you’re cutting down so that you can do it safely and smartly. In some cases, chopping down wood can actually help local wildlife by spurring growth.
One great resource to check out is Don’t Move Firewood, which offers a variety of educational materials on the topic.
Home based business ideas for people with assets to leverage
People with room to spare in their apartment or house should consider renting it out on a site like Airbnb. This is a great way to make money from home, enabling you to bring in extra cash to make rent or mortgage payments.
You can also look at converting existing space into a separate, rentable dwelling unit. For example, if you have an unused attic, basement, or garage, this could become an easy income stream.
The Turo app is like Airbnb but for cars. Car owners can list their vehicle on Turo and rent it out for a set period of time.
This is an excellent option for truck or van owners, who can rent cars for transportation purposes. For example, someone may need to transport some heavy furniture from one part of town to another.
Here’s a unique idea if you have extra space: Capitalize on the work from home economy and convert your spare bedroom or basement into a rentable office. As more and more people work from home, there’s a growing demand for convenient, quiet places for remote workers.
Rideshare services like Uber and Lyft offer amazing money-making opportunities for those who are motivated and love driving around.
What makes these services special is that they never close. You can make money driving after hours, into the wee hours of the morning if you really need to.
Driving for Uber and Lyft can allow you to be your own boss and work your own hours. Plus, you’ll meet loads of interesting people. What’s not to like?
This may seem like an odd choice for a home-based business, but think about it: You have hair and people out there need wigs.
So why not sell your hair? By doing so, you can help others feel more comfortable in their skin while getting compensated for your efforts.
To sell your hair, visit a site like HairSellon.
Home based business ideas for people who like to teach
There are countless people online who want to learn English. You can help them while earning money at the same time.
If this sounds up your alley, check out teaching platforms like VIPKid to get started. In order to teach English online, you’ll need a bachelor’s degree, some teaching experience, and reliable technology.
Some online English teacher jobs may also require a Test of English as a Foreign Language (TOEFL) certificate. Be sure to check the requirements before applying.
Stop and think about all the people you know who have children. Chances are they may pay you to watch them — assuming you’re responsible and great with kids.
Babysitting jobs can lead to recurring paychecks. Look into Care.com for babysitting ideas outside your network or post ads on Craigslist and Facebook.
If you’re really good at babysitting and have the extra space at home, consider starting a local daycare. Be sure to check local and state requirements.
You don’t have to be Mozart or Ariana Grande to have a successful career in music. All you have to do is know how to make music learning fun.
You can teach music in a variety of ways, ranging from reading sheet music to music appreciation to helping students learn how to play guitar or sing. If you have a relationship with music and a passion for what you do, consider starting a home-based music business.
Lessonface is an awesome online music teaching portal. You can also post advertisements on local sites like Craigslist or Nextdoor, or open a Udemy channel and teach virtually. You could also incentivize your students to give you referrals. Assuming you already have the gear, this is a low-cost business to operate.
Those with a passion for cutting the rug can consider teaching others how to dance. All you need is an open space, a music player, and a few students to get started.
Start by seeing if any of your friends are looking for private dance lessons. You might be surprised that you already know a few steady customers. As your business grows, you may have to branch out and rent a studio, but let’s take it one step at a time.
Many people are looking to get in better shape and take better care of their bodies. Help them by teaching yoga either in your own home-based yoga studio or online.
Building a yoga studio at home requires having a large enough room to accommodate at least four people simultaneously for it to be worth your time. As for the online angle, you could create a YouTube channel and reach a global audience right from your living room while cashing in on ad revenue. How cool does that sound?
Home based business ideas for creators
All you need to sell photography today is a smartphone with a decent camera and an eye for detail.
If you have these items, take some artsy pictures of stuff like flowers, dogs, urban skylines, and rivers and try to get accepted to sites like Shutterstock.
If you get accepted, you can receive royalties anytime someone downloads your work. This can lead to passive income — enabling you to earn money while you’re sleeping.
It’s now possible to become a published author on a site like Amazon Kindle Direct Publishing.
You don’t need to get approved, and the site will even publish paper copies upon request. If you write a page-turner, you’ll get royalties every time someone downloads your work.
Everyone loves a nice, comfortable T-shirt with a cool design.
If you’re interested in this idea, look into making T-shirts with funny sayings or unique artwork and start a website using a service like Printify, Squarespace, CustomInk, or Shopify.
People talented in graphic design should consider selling artwork on a site like Merch or Redbubble.
These sites are great because they enable users to sell graphics without having to go through the process of putting them on objects. Both sites will handle the heavy lifting for you, allowing you to spend more time on your artwork.
Crafty artists should consider selling homemade clothes and accessories like sweaters, jewelry, and scarves. There are many e-commerce sites to explore, like eBay, Etsy, Amazon Handmade, and Facebook Marketplace, to name just a few examples. You can also take your sales offline and visit local craft fairs or try to see if retailers will sell your items on consignment.
Home based business ideas for people who like working with people
Subject matter experts in finance or marketing can make a lot of money working as consultants. These handy folks help companies streamline their operations and increase their profits.
For example, a company may hire a consultant to help with search engine optimization (SEO) to improve its Google rankings. Another company may hire an accounting consultant to improve its bookkeeping. A third firm may hire someone to help it secure a loan through the Small Business Administration (SBA).
Whatever the need may be, talented consultants are usually in high demand, and they don’t always have to be on site.
If you’re interested in consulting, LinkedIn is one of the best places to find work.
Working in remote sales has never been easier to do, thanks to the variety of useful cloud tools available. People who are looking to hustle and have winning personalities should strongly consider working as sales consultants from home.
Here’s a tip: You don’t need to be an expert in any particular product, although it helps if you are. You just have to know how to talk with people, get them interested, and move them through the sales funnel. Ideally, you can partner with an innovative product or software solution that almost sells itself.
Here’s a little secret that people who are new to real estate are often surprised to learn about: You don’t need to be a licensed real estate agent to broker real estate deals.
All you need to do is find people who are looking to sell and help them arrange a sale. In fact, you can get a commission just for finding buyers. Not bad!
There is a massive demand for customer support specialists willing to help customers over the phone or online.
Check out Indeed for customer support jobs or consider approaching companies directly and telling them you’re interested in working as an agent or supervisor. You may be able to work from home, and you might also be able to work odd hours — like nights or weekends.
This is also a great thing to do around the holidays when companies need to scale their customer service teams.
There are a lot of lonely people out there seeking online love. Unfortunately, many of them just don’t know how to create a compelling profile.
This is an opportunity for people who have a way with words and a desire to spread love and play matchmaker. It’s possible to get paid to create online dating profiles through apps like e-Cyrano. Or, if you’re feeling brave, put a post on Craigslist advertising your services.
Who knows? You just may arrange a lasting marriage between two lovebirds.
If you can speak foreign languages fluently, you should consider working as a professional translator. You’ll answer emails, update websites, and interface with clients from different countries.
This is a great idea for people who speak languages like Spanish, French, Portuguese, Japanese, Hindi, and Mandarin, to name a few examples.
Check out Gengo to get started as a translator.
If you’ve got a knack for pulling off the perfect party, consider offering your services to people who are less get-together gifted.
Believe it or not, you can make a lot of money as an event planner. You can specialize in anything from small corporate functions to weddings to huge professional conventions.
Being an event or wedding planner doesn’t require any formal training, but you must have excellent organization and problem-solving skills. You also need a positive attitude when dealing with clients. No party poopers need apply!
Life can be difficult, and some people need a guiding hand to help them navigate through personal and professional challenges.
A life coach is someone who provides counseling and support for individuals and helps them find happiness and personal fulfillment. To get started as a life coach, you just need to get certified. A site like JRNI can help you get started.
Who knows? You may just change someone’s life and improve your own while you’re at it.
Some people simply have a magic touch and are able to cure sore muscles and help others relax. And even if you don’t have that natural ability, you can always learn by taking a massage course.
Thinking about becoming a masseuse? Look into local certification requirements and consider becoming a trained massage therapist. You can then turn your spare room into a massage studio and make good money helping people relax.
Other Home based business ideas
Some of the most profitable companies in the world, like Amazon and Apple, were launched out of home garages.
So if you have a great business idea that can change the world, don’t let anything stop you from giving it a whirl. Look into launching a startup and turning your idea into the next unicorn. Just watch out for high startup costs so you don’t go into debt.
Check out LegalZoom for an easy and affordable way to register your new business.
Okay, so it doesn’t fit the typical definition of a business. But investing can be a source of income for those willing to put in hard work. The key is to do your research, be patient, and avoid making rash decisions.
If you’re looking to pour some money into the market, consider opening a fee-free trading account on a platform like M1 Finance or Webull.
The short answer is yes — running an online store is often much harder than people anticipate. Instead of building a site from scratch, consider sparing yourself the hassle and doing the majority of your operations on an e-commerce platform like Shopify or Etsy.
It depends largely on what you do and the industry you’re in. Some small business owners get rich, while others struggle to profit.
To succeed, you need great products and the right attitude for entrepreneurship. The best business leaders are resilient, creative, and extra-hard-working.
They’re also financially savvy and capable of minimizing business taxes, claiming tax deductions, and driving profits. But this doesn’t mean that you need to learn about all of this yourself. You can and should probably hire an accountant.
It’s not easy being self-employed and running a successful business from home. But there are many ways to do it — from being a YouTuber to freelance writing and everything in between.
At the end of the day, there are countless types of businesses that can be launched from home. Think about your skills and what makes you happy. What are you truly passionate about? What would you enjoy putting in long hours toward building?
Once you hone in on the service you will provide, form your business plan and get to work. Your home-based business could turn into a smashing success before you know it.
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The post 7 Ways to Increase Your Income in 2021 appeared first on Millennial Money.
Money can’t buy happiness. But it’s hard to be happy when you’re worried about your finances.
You can solve most of your personal finance problems by finding a way to increase your income. And today, there’s an endless number of ways you can bring in more money. Here are a few of our favorites.
Here are seven tips for increasing your income now.
Start with the job you’ve already got. Are you in a position to ask for more money at work?
If you’re not sure, figure out your current salary and compare it to the regional average for your position. If you’re getting paid lower than average, consider asking your boss for a raise. If you don’t like what you hear, you may want to think about finding a new job that will pay you fairly.
Remember that timing is important when asking for a raise. It’s better to ask when the company is profiting and morale is high. It’s also important to prepare a report ahead of time detailing what you contribute to the team.
Always remember it’s okay to negotiate if you don’t like your employer’s offer. If your boss offers you a 5% raise, there’s no harm in asking whether it would be impossible to go up to 6% or 7%. The worst she can say is no.
A side hustle is a second job (or third, fourth, etc.) that you work in addition to a full-time job.
Cars don’t have to be money pits. Thanks to smartphones, you can put them to use by driving for rideshare services like Uber and Lyft. It’s possible to get paid to pick people up and drop them off at various destinations like grocery stores, banks, and airports.
Those who are handy around the house should look into an app like TaskRabbit. This service pays workers for completing odd jobs.
TaskRabbit connects users with local community members who need help painting, fixing items around the house, putting together tables, and mowing the lawn, to name just a few examples.
Pet owners often find it difficult to spend time away from their animals. Dogs especially need to be walked and fed multiple times during the day. They also need to be let outside to exercise.
Pet sitters can earn a decent income helping out with pet-related tasks. If this sounds good to you, check out Rover, a leading dog-walking app.
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Instacart is another community-oriented site that connects workers to locals who need help. With Instacart, you can get paid to shop at stores in your neighborhood for groceries and other products.
Countless businesses today want to be on social media. But many of them lack the staff or expertise to get started.
If you’re knowledgeable about social media and are capable of putting together compelling and engaging posts, you should consider working with local companies to help manage their social media throughout the day.
In some cases, getting a raise or picking up a side hustle may not be enough to make ends meet or reach your financial goals. You may need to reevaluate your career and see if you’re on track.
For example, if you’re in healthcare, you may think about going to school to advance by becoming a specialist. If you work in construction, you may consider starting your own company.
Making a career switch may involve taking a temporary step back. You may end up taking out loans to go back to school or open your own business. And if you change fields, you may have to start in a lower-paying position and work your way up. Make sure to assess the return on your investment if you decide to make a switch.
It’s also never too late to talk with a career counselor. The right individual can help get your career on track and lead you to new income opportunities.
It’s possible to earn extra money by selling old, unwanted objects on the internet. You may have outdated mobile devices or computers you’re not using, DVDs you no longer watch, and clothes that no longer fit you. All of these objects can potentially earn you money if you sell them online.
Does this sound up your alley? Look into sites like Decluttr for unwanted tech items and media, along with eBay and Facebook Marketplace for other types of objects. And if you have items that fall into the “vintage” category, check out selling on Etsy.
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Another great way to increase income is to invest in opportunities that generate recurring payments over time. This is often known as residual or passive income.
One of the best examples of residual income is a rental property. By investing in real estate, it’s possible to generate income every time a tenant pays rent.
Stock photography is another example of residual income. You can take pictures, submit them to a stock photo site, and collect money every time someone downloads them.
Passive income is great because — after your initial investment — you don’t have to work to make money. It just requires making an upfront investment and letting time do the trick.
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If you’re looking to make more money, you might also want to invest in the stock market. You can either invest in a taxable brokerage account or a tax-friendly retirement account.
By investing in the stock market, you can make money from capital gains and dividend distributions. Dividends are particularly great, thanks to their steady payments.
How much you make on the stock market is based on how much you put in, your strategy, your patience, and the types of stocks that you invest in. Always make sure to do your due diligence before diving in.
When looking for ways to make money, it’s a good idea to put together a budget. Look for recurring expenses that are draining your bank account and providing little value and, if possible, eliminate them.
As they say, a penny saved is a penny earned. Start by plugging the leaks in your budget and see how much money you can reclaim on a monthly basis.
Who knows? You may be able to reclaim $50 to $100 or more.
In case you need more motivation for making money, here are some top reasons to increase income.
Retirement will be here before you know it. Unless you want to spend your later years living off Social Security payments and government assistance, you’ll need to put money aside now.
By generating more income, you’ll have an easier time funding your retirement. The more money you bring in, the more you can set aside for growth.
Remember: Think of planning for retirement as sharing your money with your future self.
Nothing is more damaging to wealth than high-interest debt from credit cards or student loans. Those who are in problem debt need to get out quickly. If left unchecked, debt can be very dangerous.
By bringing in more income, it’s possible to pay down debt much faster and prevent it from spiraling out of control.
Everything can change once you start a family. Simply put, you have to bring in more money to support those depending on you.
Of course, bringing in more money can increase financial security — leading to a more comfortable living situation for everyone involved. You’ll be able to take more vacations, buy better gifts, eat better food, and go on more fun family outings. Of course, you’ll also be able to pay your mortgage and monthly bills, too.
Many fun activities cost money. If you’re thinking about attending sporting events, going to concerts, starting a new hobby, vacationing, or dining out, expect to pay out the nose. If you lack the means and aren’t careful, your expenses could quickly add up to serious problems.
The more money you have, the easier it is to budget for fun. Always ask yourself if the fun you’re having is worth the price tag. Why go out to a bar when you and your friends can sit around a campfire?
Most people feel better when they eat better. However, food can be very expensive.
When you’re making more money, it’s easier to pay for top-notch meals and healthy food. With more cash in your wallet, you’ll be able to chow down on nutritious and delicious meals and snacks.
The average person should have at least six months of emergency savings to cover unexpected expenses. Unfortunately, most people have far less than that saved up.
Generating more income can make it easier to put money aside into secure deposit accounts — where it can stay safe and earn interest (however modest that might be).
It’s not what you make — it’s what you keep that counts. As you make more money, be careful about lifestyle creep, also known as lifestyle inflation. This tends to occur when folks bring in more income and start living a more expensive lifestyle.
No matter how much money you’re making, it’s important to maintain a budget and avoid rising expenses.
As you start bringing in income, you’ll quickly realize that you owe the IRS a lot more money than you did last year. This is especially true if you’re working as a 1099 contractor who doesn’t get any taxes withheld from checks.
To avoid problems, get a tax advisor who can help cut taxes and make sure you keep more of the money you’ve earned. Take my word for it: This is one of the best investments you can make.
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As you start looking for ways to make more money, consider branching out and launching a business. When you’re an entrepreneur, you can earn unlimited amounts of income and be your own boss.
Going off on your own can be risky. But if you can swing it, the decision can be a life-changing experience.
You can make more money without breaking a sweat by setting up a passive income stream. Passive income requires little effort but pays on a recurring basis. For example, you could sell stock photos online or rent out a storage area in your house.
Unless you win the lottery or receive an inheritance from a millionaire aunt, there’s no way to get rich overnight. But there are plenty of things you can do right now to increase your income. Try asking your boss for a raise or trimming expenses from your budget. Every little bit counts.
Many of our favorite ways of earning extra income — including side hustles like teaching English online or selling stuff on eBay — can be done from the comfort of your own home.
There are countless ways to generate more money. For most people, it’s just a matter of discovering opportunities and making the right moves.
Increasing your income is one of the best personal finance decisions you can make. Those who aren’t where they want to be on their financial journey should take action — even if it means trying something new.
With the right attitude and the right approach, financial freedom will always be within reach.
The post 7 Ways to Increase Your Income in 2021 appeared first on Millennial Money.
The post How to Make Money on Twitch appeared first on Millennial Money.
Not only has Twitch become the hottest online destination for video gamers, but it’s also a unique way to make money online. At any given moment, there’s an average of roughly 3 million viewers on the streaming platform. So there’s plenty of income potential to go around.
In this guide, we’ll tell you what you need to know to start out as a successful Twitch streamer. Keep reading to learn what Twitch is, how it works, and how you can use it to make money.
Twitch is a live video streaming service for video games and esports competitions. The company is a subsidiary of Amazon.
Twitch has a monthly active user base with hundreds of millions of viewers and community members who log in regularly to watch content and engage with other users via live chat.
Twitch streamers produce content on various topics ranging from video games like Grand Theft Auto to art demonstrations and music performances. Politicians even use Twitch channels for streaming town hall-style meetings.
There’s truly something for just about everyone on Twitch. It’s a unique, fun, and educational viewing experience.
But as it turns out, you can also make a lot of money on Twitch if you play your cards right. In fact, there are a few Twitch streamers who have gamed their way to millions of dollars in income. Why not join them?
Here are the top 5 ways to make money on Twitch.
To start making money on Twitch, you must first become an Affiliate. Becoming a Twitch Affiliate requires:
On average, this takes about three months of regular Twitch streaming to accomplish.
Once you’re an Affiliate, you can start getting your followers to subscribe. These subscriptions cost $4.99, $9.99, or $24.99 per month. Subscriptions are also available through Prime for free. You’ll receive 50 percent of subscription fees.
You can make subscriptions even more appealing to your followers by offering special benefits like exclusive streaming content or live-chat features.
One unique way to make money on Twitch is by earning Bit donations. The Bit is Twitch’s unique currency. Each Twitch Bit is worth one cent.
Users buy Bits in bulk and give them to their favorite streamers for slaying zombies in a dungeon or nailing a tricky guitar riff. It sounds like chump change, but Bits can add up. For example, say 500 viewers watched you streaming a game for an hour, and each gave you ten Bits. You’ve earned $50 per hour. Not bad!
Nothing makes you want to buy a video game quite like watching someone else play it. Once you’ve seen how much fun another gamer is having, you just have to get that game for yourself.
Twitch allows streamers to monetize the buzz they create by enabling viewers to purchase games directly from live video streams. So, for example, if you’re streaming yourself playing DubWars, you can display an on-screen link that will let viewers buy it right then and there.
When this happens, you’ll get a commission for the sale. As an Affiliate, you’ll earn 5 percent of each purchase from your Twitch stream.
Check out Twitch’s game list to see which games support this feature.
After logging many hours and attracting many viewers, some Twitch Affiliates start earning income as Twitch Partners.
To reach Twitch Partner status, you need to do the following:
These steps are usually not easy to complete. But once you get close to this level of viewership, it means you’re doing something right — so keep going.
The Twitch Partner program provides several ways to make money. You’ll earn seventy-five percent of subscription revenue. And you can also sell merchandise like T-shirts and even generate money from ads.
Plus, the program offers unique features to grow your channel — such as customization tools, extended video on demand (VOD) storage, and access to Partner-only opportunities like promotional events, meet and greets, and other perks.
At this point, you’re probably thinking, Sign me up! But before you open an account, become a broadcaster, and start reaching for Affiliate streamer status, here are some things to keep in mind.
Spend some time thinking about what you want to offer on Twitch. Twitch has so many users that it can be hard to stand out and attract audiences.
The best approach is to zero in on what you do best and make that your niche. For example, maybe you’re really good at putting people in checkmate in chess. Or maybe you have an elite ability in Counter-Strike. You might also be a virtuoso on the electric guitar.
Start with one area at a time and try to build an audience. Give people a reason to come back to your channel when they tune in.
This is the hard part: You have to be magnetic on Twitch. In other words, you have to be one of the people whom users think about when logging onto Twitch.
Above all else, this requires quality content. It requires putting in a ton of work and keeping the content light and value-packed. This can take a lot of dedication and consistency to get right. And unfortunately, all it takes is a few clunkers to lose followers.
Do something to stand out from the herd on Twitch. For example, you could dye your hair purple or dress up in costumes while you play.
Think of something that you can do to create an X factor and keep people glued to your channel. People will run away from boring, plain old content on this platform unless you’re good enough at a particular skill to keep them interested in what you’re doing.
If you want to excel on Twitch, it pays to have many concurrent viewers. In other words, you need to have a lot of people watching and engaging in the chat feature at once.
Concurrent viewers are the best way to demonstrate that your content is relevant and worthy of capturing followers’ attention. They’re the ticket to attracting ads, generating subscriptions, and making a lot of money on Twitch. Without concurrent viewers, it’s going to be difficult to maximize earnings.
This part is a no-brainer, but it needs to be said. You have to be respectful and nice on Twitch.
That’s not to say you can’t talk trash or have an attitude — that’s fair game. But using threatening, racist, or offensive language is going to get you in trouble. If you can’t hold your tongue, avoid streaming on Twitch (or any other platform, for that matter).
The more time you spend on Twitch, the more tempting it will be to spend money on things like Bits.
Avoid this at all costs. This is one example where it can pay to be greedy. Accepting Bits as a form of payment is one thing. But spending money on an animated gemstone to congratulate someone when you can just compliment them for free with words is not a good use of your cash.
It’s also going to be tempting to buy video games that you see on Twitch.
Embrace the money mindset and buy a video game only if you can earn income from it. Your time is extremely valuable. If you want to reach financial independence, you won’t get there wasting time on unpaid activities.
Double down at work and have more fun when you’re financially independent.
Some of the biggest Twitch earners actually make a lot of money from other web activity, rather than directly from the platform. That’s because they’ve figured out how to monetize their Twitch channels in other ways.
One of the most popular off-Twitch income streams is ad revenue from YouTube videos. Once you’ve wrapped up a live stream, you can upload the video to YouTube to generate even more money from ads and followers.
You can also supplement your Twitch income with a Patreon page. This platform allows followers to support your content by making a regular donation.
Remember to loosen up and have some fun! Keep your content interesting and lighthearted. People often log in because they like the streamer’s personality, not just because they enjoy the video feeds they’re sharing.
If you enjoy doing something, don’t be afraid to let your passion show. This will resonate with Twitch viewers and keep them coming back for more.
Who knows? You might be able to turn your personality into subscribers who use Patreon to pay you steady money!
Here are some of the most frequently asked questions about making money on Twitch.
Just as the name suggests, Twitch live streams are live videos that Twitch streamers broadcast to attract viewers. Videos can be anything from gamer content to music, art, and everything in-between.
Live streams are hosted through the Twitch platform. Afterward, you can upload the videos to YouTube for increased exposure — and ad revenue.
Live streaming on Twitch can be profitable if you follow the Affiliate plan and eventually become a Partner. Your money-making ability depends largely on the type of content you’re posting, how often you’re posting it, and how many people view it.
Be consistent, attract subscribers and sponsorships, collect Twitch Bits, and you’ll be well on your way to making money as a Twitch user. It’s also a good idea to share your clips on social media accounts like YouTube and Instagram to get more viewers.
Of course, dominating on Twitch.tv is harder than it looks, and not everyone has success making this platform a source of income. Sharpen your skills and form a business plan to increase your chances of making money from Twitch streams.
The Twitch Affiliate program is a monetization program that Twitch offers to compensate users for posting content on the site. The Twitch Affiliate program can lead to recurring payments. If you’re really good, it can even lead to a full-time income.
“Small streamers” are Twitch users who haven’t yet reached Partner status. That means they have fewer than seventy-five concurrent viewers.
But even if you’re a small streamer, you can still make money from the platform. On average, Affiliate streamers make between $50 and $1,500 per month.
Think you have what it takes to monetize a Twitch channel? You won’t know unless you try it.
Making money on Twitch’s streaming platform can be done. And if you’re successful, you can become one of the many influencers who make money from their Twitch streams.
Spend some time watching popular Twitch streamers. Grab a notebook and take notes about what you observe. Look for small things they do to keep people interested and engaged, and try to emulate them on your channel.
If you try this approach, you may start generating Twitch subscriptions and making money for yourself. That could turn a fun hobby like playing games into a potentially lucrative side hustle.
So what are you waiting for? Open a Twitch account and start creating content today.
The post How to Make Money on Twitch appeared first on Millennial Money.
