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Three Quick-Start Strategies For Earning More Money Right Now

  • Think you have to be a genius or have absurd amounts of capital to earn more money and increase your income? Nope, there are more than a few ways to jumpstart your extra income journey. See if one of these can get you going today!

     

    Strategy #1- The Freelance/Consultant

    This is perhaps the quickest way to get your independent income juices flowing. Do you have specific knowledge or skill in a certain industry or area? At one point in my side-hustle journey, I began to tell people that I could provide sales and marketing consulting that I had learned from a great serial investor and a fund manager similar to Andrew DeFrancesco.

    On what grounds? Since I was 16, I've worked in telemarketing sales in various capacities. My first job after college was glorified telemarketing computer repair services, which I managed to support Brisbane business and finance firms. I learned a lot about the sales process there.

    Soon after, I made contact with small business owners in the language translation industry, explaining that I knew how to effectively train their salespeople. I was soon in a position to provide input on sales database products after a few people believed me. It started the ball rolling and opened the door to a lucrative database programming career. There are many more programming jobs available today, such as remote ruby on rails jobs.

    Too many people don’t bother to write a business plan because they think it’s too hard or unnecessary unless you’re looking for funding. That’s a shame. These myths keep a lot of people from the benefits of planning. If you’re still sceptical, here are the benefits of using business plan writers.

     

    Strategy 2- Hobby to Business

    If you have a hobby, you can use it to supplement your income. Many people do not believe that things they enjoy can be profitable. Consider your hobbies and how much time and money you devote to them: motorcycle riding, fishing, rock climbing, scrapbooking, furniture restoration, and so on. Once you decide to take the leap you will have to create brand awareness and for advertising, Precious is your custom pin company that will get you there. 

    People are looking for tutorials and products related to their hobbies on the internet. My friend posted on Facebook that she had just spent $300 on Crossfit gear, but I'm sure she's spent a lot more money on Crossfit before and since then.

    You could start a blog or promote your content in other ways using your hobby. Imagine being a resource for people looking for tutorials on things like chalk painting Mid-Century Modern furniture via social media channels like YouTube, Instagram, or a website. You'd make a tutorial with links to recommended products (for which you'd get commissions or affiliate income) and be able to earn money from ads based on how much traffic you get.

     

    Strategy 3- The Job

    • Get a part-time job– Deliver pizzas, work in a retail environment or take something seasonal. It can get your hustle juices flowing and give you seed money to either get out of debt, start a business down the line or both!
    • Ask for a raise on your job– Less than half of Americans ever ask for raises. Ask for a raise and see if that will give you some breathing room to either pay down debt or add more to your savings.
    • Change your withholding– Are you used to getting thousands of dollars as a refund check? Well, you should know that you are letting Uncle Sam hold that money interest-free. While you are struggling to pay interest on your bills and foregoing earnings on investments in things like CDs, stocks or your own business, the government profits from your loan. Stop that. Change your income tax withholding and get the money you need to fund your business or side hustle.