Do you want to know how to make more money? I get this question from readers all of the time. If you are a reader of Debt Roundup, then you know that I tell everyone that the real way to change you financial situation is to make more money. You can only cut expenses by so much. Trust me, I have cut my expenses in every which way. If you truly want your financial situation to change, then you need to learn how to make more money. Cutting expenses and bringing in more income is the key here.
How to Make More Money
I figured that I would create a post that shows different ways that you can make more money. Instead of just listing some ways, I am going to explain them in some detail. This way it will show you how you can make extra income along with some of the ways that I have made more money. I am NOT going to tell you to get a second job. While that is a good way to make extra money, most people are not looking for that. Most people that I talk to want to make extra income in their spare time or on the weekends. I will say that if you need extra income quickly and consistently, then think about a second job. OK, enough about second jobs.
Sell Items Online
You hear about this method to make more money often. The reason why you do is because it is effective. You can sell almost anything online. The key is to tell things that people want. Most people start out by selling their unwanted items online. You can sell stuff for free via Craigslist, but you can also get a few free listings on eBay. Your audience will grow if you sell on eBay, but it can have some fees attached. Big and items not easily shipped should be listed on Craigslist. This would be the easiest to get rid of them.
Once you get rid of your unwanted items, then you should think about selling other items. I did this for years. I started out by selling my used gear online. I then branched out to having items drop-shipped to people. I built an electronics business that sold over $1 million worth of new electronics online. I started small and ended big. It was lucrative, but it does take time to build up and succeed. Others have made money by selling used cell phones, among other things. If you can find it, then you probably can find someone to pay for it.
Do Odd Jobs
Have you ever looked on Craigslist to see what people need help with? There are thousands of listings where people need the help of others in order to get something done. Many people will pay you to help them move, cut their grass, do yard work, paint a room, and many other things. I have helped out quite a few people in the past using Craigslist. You can earn some good money and do it in your spare time and on the weekends. The money won’t be consistent, but it is extra income. You can also find such jobs online via TaskRabbit and with the newspaper classifieds.
Start A Blog/Website
Do you have a passion for a certain subject? If you can’t tell mine, then I don’t know what to tell you. I have a passion for finance and business. Starting this blog was a natural fit for me because I have run blogs in the past and I have a history of money issues that I have worked through.
I wrote a detailed article on how to start and run a successful blog, which will show you the steps on how to get a domain and how to install blogging software. I give you all of the steps. What I don’t give you is the motivation to make the website successful. That has to come from you.
You can make money from a blog or website. It does take a lot of time and energy, but it can be lucrative. This is no get rich quick scheme. You will not make money on the first day, the first month, or maybe even the first year, but you can make money doing so. I make a good sized extra income from this blog, but I have worked very hard to achieve this. Before you try this route, please make sure you pick a topic that you are passionate about. You need to have passion for your website/blog and that is the only way to succeed.
I recommend that if you want to start a blog, then you run it on top of doing some other things to make more money. Making money from blogging does not always happen and it is not quick. This can be used to diversify your extra income.
I have been a freelancer for years. There are a lot of people freelancing. The reason why this is a popular way to make more money is because it is flexible. When you freelance, you are selling your knowledge and skills. There are many people and companies looking for individuals to do things for them. Whether it be writing an article, building a website, testing items, designing a logo, and many other great things, there are thousands of opportunities for people to sell their skills.
The best way to start out freelancing is to first identify a skill that you can sell to others. Are you good at design? Can you write well? Do you have artistic skills? Are you good at coding? If you have a job now, then you most likely have a skill that someone is willing to pay you for. Most people have a marketable skill, but they just have to know how to market it.
Once you figure out what you do well, then you need to find someone who needs what you have to sell. The best way to do that is by jumping on one of the many freelancing sites. I recommend Elance, Odesk, and Freelancer. These sites have thousands of listings in different areas. Look to find your applicable area and see what others are selling. If you see a fit, then create a profile and start marketing your skills. You can also look to Fiverr to see if you can offer services. This is another great way to get started.
Once you get started, then you might want to think about creating a website to sell your skills to others. After you get a few jobs under your belt, then you can put them together as a portfolio on your own website. Put that website on cards, as your email signature, and mention it to people during conversations. Spread the word and then keep hustling to get more jobs.
Rent Out Your Assets
Do you own a home or a car? Did you know that you can make some money from these assets? Some people know that taking on a roommate or renting out a room can be a good way to make some extra cash. Now, there are more formal ways to do this. AirBnb is a huge person-to-person sharing marketplace. You can list your home, condo, or townhouse for other people to rent. Most people do this when they are traveling. You can score some good deals, but you can also make some money. If you have a nice home in a popular area, then this could be for you.
What about renting out your car? The car sharing economy has blown up in the past few years. Now, you can easily rent out your car to others and make some money. RelayRides is a sharing marketplace that allows car owners to list their vehicles in order for others to rent. You get to pick you price and terms and RelayRides then offers to protect you with a great insurance policy. On average, their members make $250 per month by renting out their vehicles. Not bad, especially if you don’t use your car everyday.
I am listing this here because you can make money doing it. I did it for years. You don’t make that much, but you can get free stuff and you and earn some money on the side. You have to follow the rules depending on which company you will work for, but it is not hard. I don’t mystery shop anymore because I don’t have the time, but it did give me some extra cash. You won’t get rich from this and you won’t be able to quit your job. Visit the Mystery Shopping Providers Association to find a reputable company to work for.
The point of this post is to show you that there are ways to make more money. If you have always wanted to know how to make more money, then the first step is to just look around you. When you want to make more money, you have to understand that it will take time. It will also take time away from you. There are no get rich quick schemes that are going to help you. If you want to make more money on the side, then you need to hustle for it. Earning more is all about working hard and continuously looking for more opportunities. I have been earning extra income ever since I was out of high school. I don’t plan on stopping anytime soon, because it allows me to have a different financial future.
Do you earn extra money? What is your favorite way to earn extra income?
Photo courtesy of artist in doing nothing