Hi Friends,
I love writing and maintaining this Site! It’s exciting to know that I am helping people discover some really great ways to make extra income without having to take a second nebbish ”job”.
There are lots of friends out there that have part time jobs working in stores and service business and enjoying the work. That’s great, but my blog is primarily directed to those people that don’t want to “just have a second job” but want to have something special they do in their spare time.
I would like to hear from those of you that have discovered a wonderful way to make extra income, are making money from this second “career”, and are willing to share it with others.
I am not interested in hearing from you guys that are selling “how to” stuff, I want to hear from those of you that are doing it. If you are selling “how to earn extra income” materials, write a 500 to 700 word article telling all about it and I will happily publish it if it’s informative and good.
5 Easy and Simple Methods to Earn Extra Income Quickly
With a struggling economy, developing ways to make extra income has never been more important. Even an extra income of $500 a month can go a long way to paying down debt or increasing your savings. And the good news is that there are more ways to make a second income that most can imagine. So let me first describe how making even an extra $500 per month is so valuable. Then I’ll layout the things to consider in deciding how to generate extra income, followed by Easy 5 multiple income stream ideas.
The real value of extra income
Last week a friend and I were talking about the money I make online, which is several thousand dollars per month. His question was why I get so excited about this cash given that it is a lot less than I make from my day job. So here are a few ways to look at an extra $500 per month:
1. Savings: To earn $500 a month ($6,000 per year) in interest from a savings account at 4%, you would need to save $150,000!
2. Investments: To earn $6,000 a year from the stock market with 10% returns, you would need to invest $60,000.
Viewed this way, even a little extra income each month is extremely valuable.
What makes for a great source of extra income instantly?
Anybody can go get a job at Starbucks to earn some extra income. But that’s not what I’m talking about. For me, a great source of additional income should satisfy these four factors:
Flexible: How you make extra income should allow you to be the boss. If you have a full time job, the last thing you want is being forced to work on somebody else’s schedule.
Enjoyable: Making additional sources of income is a lot of work, so you should enjoy what you’re doing.
Sustainable: The ideal extra income source will generate money when you’re not working at it. The idea is to build something that can keep making money without you.
Scalable: Look for income sources that can generate substantial amounts of income. In other words, think big.
Five Easy Extra Income Ideas
1. Website Design: With the continued growth of the Internet, website design has become a growing industry. Unless you already have the know-how, you’ll need to spend some time learning the technology. But there are plenty of online resources available, and the best in the business can earn a great income.
2. Virtual Assistant: Virtual assistants today can do just about anything for you that does not require their physical presence. Many virtual assistants from places like India are working full time for people in the U.S. The best VAs can earn $30 to $50 per hour. The starting place if you are interested is Elance.
3. Freelance writer: If you have a knack for writing, you can earn great money writing for others. Not sure how to start? Contact bloggers who are always looking for great writing. As blogs grow, they can afford to pay freelancers good money for quality articles. Websites looking to build links also hire freelancers to write guest posts to be published on blogs and websites.
4. Blogging: Making money blogging requires very little cash investment and can be done on your own time. I started blogging a year ago, and at that time, literally knew nothing about how to start a blog, run one, or make money from it. It really is much easier that it may seem at first, and you can make thousands of dollars each month. I won’t kid you; it does take hard work and perseverance. But the pay off can be substantial.
5. Ebay Store: It’s now really easy to set up online Ebay store. You can of course buy stuff to sell on Ebay. But the better approach is to create an online store to sell products that others are selling on Ebay and share in the commissions generated by the sales. To find more information, check out the Ebay Partner Network and the Build a Niche Store (BANS) site. BANS is really cool software that can generate an online EBay store in minutes.
| |
ways to earn money quickly;i want to earn extra money;how to earn money over internet;i want to earn lots of money;earn money using your computer
