Do you need money on the side? Well getting your hands on a little bit more can be easy if you are willing to try new things and be a little industrious. Take a look at these great tips on how to do so.
If you type fast and have experience with transcribing audio, you’re probably able to make some cash on the side working for companies which provide transcriptions for hearing impaired people. There are many online job sites such as Elance and Odesk where you can find a variety of transcription job offers. If you want to get repeat work, you’ll need to write quickly and accurately, with proper spelling and grammar.
Do Affiliate Marketing
Affiliate marketing consists basically of promoting a third party’s services or products. You could post YouTube videos with links to products, or incorporate their promotional material in your blog, website or page. If you have a blog or page that has great content and constant traffic, you should check out websites such as Commission Junction for services and products which will allow you to connect.
If you have a small band with some sort of local following, you can expand your audience and make some cash on the side by recording an album and selling it online. You can use social media to get more people interested in your music and your act. This will probably easier and more successful than attempting to score a major label deal, particularly if your music isn’t particularly commercial or is not in one of the most popular genres.
Write An eBook
Are you talented or very knowledgeable in a certain niche? Do you have an inspiring or fascinating life story, or perhaps a story of overcoming adversity? Do you have a secret for doing a certain thing that many people could benefit from? If you answered yes to any of these questions, maybe you should write an eBook, and try your luck selling it at online retailers such as Amazon. You don’t need a publisher or literary agent – all you need is a compelling idea which people will want to read about.
Haven’t yet found an idea that suits your personality or skills? Keep reading for other online money-making tips which will help you make ends meet.
Start An Online Store
If you market or make a unique product, it can be a great idea to sell them online, directly to customers. This is an excellent route for niche products, such as personalized pet accessories. You’ll need a website which looks professional and is set up to receive orders and then invest a bit of cash for the website and merchandise. If the store becomes particularly successful, you’ll be able to rent space to other retailers that have products to sell – that’s how Amazon started out. You can check out 3dcart.com for more info on selling things online.
Online Cash Loans
What better way to get your hands on some money quickly than through internet loans. Once taken with a strong understanding of the terms and paid back within the right period, online cash loans can be a great way to fund purchases when they are needed quickly and as a necessity.
Sell Products At Online Retailers
If you can sell a product but don’t feel ready to start an online business, you can reach out to one of the many websites which does the hard work of placing the items you sell in front of people who are willing to buy them. If you want to sell collectibles such as jewelry or handmade art, check out Zibbet, Etsy or ArtFire. Etsy is the biggest of them, excellent for vintage or handcrafted items, so you’ll definitely get an audience there.
Sell Your Photography
If you’re a skilled photographer with a large portfolio, you could make it work for you by licensing photos to microstock agencies such as Dreamstime and Shutterstock. There are many blogs and websites who are looking for art to accompany articles, so if you have the sort of photos they’re looking for, you could definitely make good money off it.
The term ‘flipping’ refers to the practice of buying domain names and selling them at a profit. You’ll need a bit of ingenuity, a lot of research and some luck, but you can make a nice sum from time to time. The idea is to check out Google Adwords constantly and be aware of trending keywords, then predict which domain names will soon be in demand. This is not that easy of a task since the simple, clever and/or obvious names are usually taken.
If you come up with a name you might want to purchase, go to a domain name registrar and run it. If it hasn’t been taken yet, all you’ll need to do is pay a purchase fee, and maybe a setup fee, plus the yearly renewal fees. Many companies such as GoDaddy specialize in registering domains. While this can be time-consuming, the payoff can be big – valuable domain names will often sell for over $100,000.
Don’t give up yet – we’ve got a lot more tips which will help you put your skills to pay rent online.
Do Freelance Work
If you’re out of a job in publishing, marketing or web design, and your attempts to find a steady job have failed, it might be a good idea to start a freelancing career. Web sites such as Guru, Textbroker, and Elance allow potential employees to bid for the jobs requested by potential employers.
When we checked, new jobs at Elance ranged to $10 an hour for graphic designers to $1,000-$5,000 for iOS or web developers. Be ready to present your skills and case in a short proposal which states the reasons why you’re the perfect candidate for an assignment. Keep in mind that you’ll need to apply for a variety of jobs before getting one.
Find Quick Odd jobs
When you have some free time and are looking to do certain jobs quickly, you can check out Gigwalk, a free app where companies advertise short assignments they need completed, such as going to a business and writing a Yelp review for it for $20. If you’re good at running errands or assembling furniture, you can sign up at TaskRabbit, where people and business who need some temporary help try to find workers. You’ll need to go through a video interview and a background check, but you can definitely pick up some cash there between jobs.
Did you pick up the Single Mom Survival and Success Kit? If so you know part of the kit includes 200 side hustles to make extra money, because, let’s face it, sometimes you just need extra money. That sounds great at first but how do you choose the right side hustle or method for you?
To choose the best business for you I’ve put together a quick guide for choosing the right business for you. Download the Side Hustle Business Worksheet to come up with the right business for you.
1. Look at Your Past Jobs
In looking at your past jobs decide if you want to continue doing that kind of work. My professional career was technical writing so I decided to use my writing skills to make extra money on the side.
2. Take a Second Look at Your Hobbies
Is it something you can turn into a business? Do people rave about your knitting, cooking, photography? One of the things I enjoyed doing was baking. My mom taught me how to bake when I was 10 years old. I turned that hobby into a cake business at a young age.
3. Take Inventory of Your Skills
Make a list of all the skill you have learned over the years. You could have learned these skill on the job or in school. That skill is the thing that could bring in $1,000 or more in extra income per month.
4. Make a List of the Results
Once you think about all the jobs, hobbies, skills and natural talents, make a list and pick the top three things that appeals to you the most. Next do an informal survey of your family, friends, and network to determine if they would pay for the service you are thinking of offering.
5. See if There is a Market for Your Side Hustle
Another way to determine if the service you might offer will be profitable is to see if there are many people looking for the service online. Use Google keyword tool to do an exact search for phrases related to your service. For example, if you plan to offer dog grooming service enter the phrase “dog grooming service in [your city]” into the keyword tool. Be sure to click the exact phrase option on the left side of the screen. Your search results should be at least 10-20K or more searches for your phrase.
6. Do the $100 Side Hustle Business Test
Finally, place an ad on Craigslist or other free classified ad for your service. If you make at least $100 you may have a good service to offer. If not choose the next thing on the list and repeat the process. You will find the right business for you.
Additional Side Hustle Business Advice for Moms
Do you need more help deciding what business to start. I can help you come up with at least 5 profitable businesses to choose from. I offer Business Advice for Moms in a 45 minute conversation. Click the link above to find out more and start making extra money now!
Maggie Mistal, Career Coach, Martha Stewart Living Radio
Here are Maggie Mistal’s insights and tips to help make the decision about starting your own business a little easier:
How to decide whether you’re too old to start a business:
No matter what your age, if starting your own business is something you want to do you can do it. Once you have an idea you can do a couple of things to get started. You can tap into your friends to see if they want to get involved or have ideas for starting a business. You can also access local resources like your chamber of commerce where you can actually go to some meetings and see other entrepreneurs making it happen and begin to network.
Resources to help you decide what kind of business to start:
If you want to start a business but you aren’t sure what kind of business to start there is a great web site you can access called www.vocationvacations.com. Once on the site, you can test out lots of entrepreneurial adventures and really see what kind of jobs suit you best. You can try being a bed and breakfast owner, a spa owner, or a wine bar owner. You can even test out being a private investigator. Before starting your own business you can “try it on”.
Determining whether you’re suited to be an entrepreneur:
It’s important to assess your skills and lifestyle to determine whether you are cut out to be an entrepreneur; to be your own boss. You need to think about whether you are a quick learner and if you like to learn, because when starting your own business you’ll be learning a lot of new things almost every day. Ask yourself if your lifestyle allows you the time on weeknights and weekends to devote to starting/owning your own business. Another good “how to start a business” resource you can access is the Small Business Administration’s web site www.sba.gov. Their web site provides lots of examples where you can see what it really takes to be an entrepreneur.
How to know whether the business you’re considering is a good fit for you:
There are a few really great ways to investigate if a business idea or a new career is right for you. One way to learn about a business is to job shadow someone, where you can physically follow someone around and work side by side with them. The great thing about a job shadow is that you can actually see if doing that kind of work or owning that kind of business suits you. If you can’t participate in a job shadow you can do an informational interview, in which you talk to someone to learn about the business. This talk can take place on the phone or in person and can provide excellent insight into how to start your own business. Throughout the interview you can ask them questions like: What do you love about your job? What do you hate about your job? If you were going to do it all over again, what would you do differently?
Keep in mind you don’t need to recreate the wheel, especially in the age of the Internet. Everybody is doing interesting and creative things. If you just do a little bit of research you can get a lot of insights and avoid the pitfalls yourself.
How to match passion with career:
Some people are at a point in their lives when they don’t have to work to support their family and instead can create a business or find a new career that they are passionate about. For many the biggest question around how to start a business is figuring out what to do. To help yourself figure out what kind of business to start or what kind of career to get involved in, you should ask yourself this question: What would I do if I knew I couldn’t fail? Or, think back to what you enjoyed doing as a child. Often those childhood activities that were fun for you (that you weren’t paid to do) such as conducting science experiments or doing arts and crafts will inspire you to find a new career that’s right for you.