By now you are well equipped with the following things –
- You know your current financial standing in form of net worth.
- You are well equipped with how much you earn, how much you spend.
- You have a budget in place.
- You know ways to save money now!
Let’s move on from evaluation and saving to making money.
Day 8 – Make some extra money in your free time.
There are a lot of ways to make some extra money in your free time. This extra money will help you to achieve your goals a little faster. What better you might pursue the same thing as a full-time business in the future when you see a lot of potential in it.
Its always good to pursue your hobbies as you feel good.
Ways to make extra money?
There are two ways to make extra money – online and offline both. Let’s discuss each of these.
Ways to make money online –
Blogging – We all are good at something and if we can articulate these things and showcase to the world a lot of people will benefit from it. Also, you can make a lot of money from blogging. So you can select your niche and start a blog. You can start a blog for free. You can google and find out how you can start a blog for free. You can make money from advertisements.
Filling online surveys – There are a lot of websites which pay you money to take up online surveys. Go for the one with good credentials and reviews.
Affiliate marketing – Sell stuff online on social media platforms for commissions. Flipkart, Amazon and a lot of other e-commerce websites offer affiliate platform. You will get paid a certain percentage of the sale amount in form of commision. People with a lot of social media followers can leverage affiliate marketing and make some money.
Provide multiple services online – You can offer various kind of services online like writing an article, creating a website, etc. You can check out for websites like fiverr.com which offer you a good marketplace for small and quick gigs.
Create a youtube channel – If you are good at something; start either a blog or a youtube channel or what better both. Youtube provides a good platform with over a billion viewers. You can make money through advertisements.
Various other online jobs – teach online on udemy, sell stuff on Flipkart or Amazon, online consulting, etc.
Ways to make money offline–
Data entry jobs – As things are becoming digital a lot of data entry jobs have come up. You get paid per project.
Offer home coaching – if you are good in sport, studies, or anything and there is demand for the same then you can offer home coaching and make some extra cash.
Become an insurance agent – If you have a corporate profile and you have a good network you can leverage your contacts and make good money in form of commission by selling insurance policies. All you have to do is give IRDA exam and get associated with one or multiple insurance companies.
Cooking classes and tiffin services – A lot of people don’t know how to cook food, you can either teach them and if not sell them home cooked food daily. Just make sure it’s tasty.
Become a real-estate broker – You can also start selling flats by acquiring a RERA license.
A lot many things you can do both online and offline. You have an awesome idea share with us in the comments section.
Find out what’s best for you and start working on it. I don’t want you to jump on it today, think and take your time before taking the next step.
This post is a part of our series – 31 days improve your financial life