One of my major goals for 2013 is to further develop multiple streams of income. There are many ways you can make money aside from a full time job. First, its important to recognize that although many of us may have a Mon-Fri 9-5, there are just as many people who work full time but different hours. This creates different opportunities as the time at which you are able to work on other income streams can effect what you choose to pursue.
What you can do on the side for additional income is almost limitless and certainly cannot be listed in full in a single blog post, however, I can share some of what I am working on to hopefully point you in a direction or stimulate you to think of what you want to do.
Degrees and Debt/It’s All Tech- These are two of the website I am currently a part of. It’s All Tech is much more established then DandD since it does have a handful of years advantage, but the plan is to continue the growth of both sites with additional writers, exclusive content and brand growth. Partnerships are a big push for 2013 for both sites as developing relationships with other sites and businesses is crucial for success.
Building these sites took a small investment of cash, but a big investment of time and effort. IAT has been a growing project with numerous design and usability enhancements along the way. DandD is just starting out and with cost being a concern the investments for improved technology and features will grow with the site over time.
Do you have a niche you want to write about? If so, blogging might be a great way to develop your writing, improve your networking and explore a hobby/interest you really enjoy while working to turn a profit from it. Niche sites are a great way to start and if you really get good at it, you can branch out by consulting/deigning for other people who want to start their own sites!
Fiverr-This is a great website to make a little bit of extra income on the side. While it might not sound like much, each gig is $5 there is potential to make a lot more! As you begin to sell gigs your rating will improve and you will grow to new seller levels. At this point you can expand you gigs to add +$5, +$10 or +$20 for additional services or speedy delivery. Before you know you might be doing a quick gig for $25! Gigs range from just about everything from singing, to graphic design, to art and more. Fiverr takes $1 as their cut, which is reasonable leaving you with $4 per gig. Explore some of the unique talents you have and offer your services on Fiverr, you would be surprised how quick people may start buying your services!
mTurk-MTurk is an Amazon website which allows you to perform various online work while getting a small financial reward. They pay is small, sometimes fifty cents but can range up to a few dollars and more. Jobs on MTurk are called HITs and an example of a better on is answering AskVille questions which were not answered by AskVillers in 4 hours. Each week the person who answers the most is paid $100+2 cents per question, and the 29 people after the leader make anywhere between $13 to $97.
While large sums of money from MTurk is rare, if you find yourself sitting online with nothing to do except play Facebook games you might want to check out MTurk and rack up a bit here and there, before you know it you can transfer the funds to your Amazon Payments account and use it towards purchase or cash out.
Etsy/Ebay/Craigslist-These shouldn’t be new to anyone, well maybe Etsy. Selling stuff is a great way to make money, no shocker there. The issue here is the time it takes, so if you have the time reselling might be great for you. There is a fantastic blog I have followed, ReCraigslist, where you can explore how to get stuff and resell it for a profit on Craigslist. If you arent looking to expand to that level, you can always do a spring cleaning and collect items around the house that have been collecting dust. A yard sale first might be easy, then whats left over start pushing online.
Etsy is a unique platform. Its geared towards the self made artist who wants to sell their crafts online. I have known people who Pinterest-to-Etsy. That is, they find craft projects they enjoy on Pinterest, then sell their work on Etsy. Many people like these projects, but don’t have the time to do them and would gladly pay reasonable prices to support your business while getting the nice look they desire.
Real Estate- This one might not be as widely applicable, but its something I am involved in so I thought I would share. A few years ago I took the real estate salesperson license course and passed the exam a while later. Since this took place during my senior year of college, I was not too focused and then right away started Grad school, so I got a late start on putting my real estate license to use. More recently I have found the time to apply towards Real Estate and am seeing the rewards. The expenses have been rather high, upwards of a four-to-five thousand dollars now, but so will the rewards, if I continue the effort I have.
Real estate may not be for everyone, but I am finding that it fits me very well. I enjoy the experience of helping people buy and sell their homes. I also enjoy the marketing experience and the concept of “selling yourself”. For my marketing material I learned fast that this can be expensive so I work to include ad spots on most of my material for a local business to off-set my cost of printing and mailing to target areas. This has worked well for me and the businesses and has even turned me a profit on just the marketing material in some cases.
Real estate is not an easy field to start in and does require upfront capital to start. you are basically a contractor to the agency so they may provide certain things but you are mostly on your own to make your business. It has a great entrepreneurial feel to it which I enjoy and you might too. Also, depending on where you work in real estate, you can make your start up expenses back in just one transaction.
The key with any of these or other income streams in maintaining the discipline to continue working on them on a consistent basis. If you have to create new content to keep readers or website visitors coming back then I recommend devising a schedule that you stick to for tasks such as writing, commenting, social media time, interacting with other sites, etc. Do your best to stay on this schedule and over time it will get easier and more routine.