If you're reading this, I'm earning money in some way. I was compensated with money and/or product. Thanks for helping to feed my family. I also may have a financial interest in companies named. Please see our disclosure for more information. Also, any advice provided is for informational purposes only. I'm not an accountant, lawyer, doctor, fitness expert, or nutrition specialist. So, talk to a professional before acting on anything you read, watch, or listen to below. Get your own advice and do your own research. Email me at [email protected] with questions.
We all want a way to bring in more money. These days, many people turn to side businesses to make money and the same goes for yours truly. In today's contributed post, you'll learn the 3 best side businesses to make money this year and beyond.
Many people in the US are struggling on a low income from their jobs and have to find other ways of making more money to financially survive. Although the unemployment figures are better than they have been for a long time, many of the jobs are in the lower paid sectors, and those already working have not had the pay increases they would normally expect. On average, pay increased by just 5 cents an hour, which is only noticeable once the IRS has had their share.
This has resulted in more than 7.5 million Americans holding down more than one job. Even high numbers of the population have side-hustles to help them financially. In fact, it is said that more than 44 million people in the US earn extra money this way.
It is always easier to make money at something you enjoy, so perhaps you should look at your hobbies and see if there is money to be made form them. For instance, are you artistic? Can you decorate cakes? Do you love repairing old furniture? These are just examples.
If you have a talent or skill that is also your hobby, you might be surprised just how much people will pay for these traits on platforms such as Etsy. If they want a special cake for a birthday or a wall painting with a mural for a baby’s nursery and they know you offer these services, you can start to earn yourself some extra cash.
Dropshipping works on the basis that people order from your website but the goods are dispatched by a third party. This means you have no outlay for stock and you just take a commission from each sale.
You need a good website and to be prepared to work hard at marketing your site on social media platforms. But all these things are free of cost, and each sale makes you some money.
If you have a lot of knowledge about a particular subject, you could offer online tutorials to help people who are struggling with it. Of course, there will always be some subjects that need more than a tutor at the other end of an email or video call.
Things like studying to be a physician, becoming a lawyer or one of the many successful Forex brokers around takes expertise, studying and experience in the job. However, you will always find people that need help with the core subjects such as math, sciences and computing and some that need help tracing a family tree or repairing an old car. You may have the knowledge they need, and they will gladly pay for it if it helps them to achieve their aim.
If you are struggling financially and have an idea that could earn you some extra dollars, stop thinking about it and just get on with it. Ideas in your head will not make the extra, but getting started with the idea could. Just go for it because the worst that can happen is that it does not work, and then you can think of something else and try again.
How To Save Money When Buying a Home
What To Look For When Buying a Commercial Property
How To Make Your Vacation Rental Stand Out
How to Rent Out Your Property to Make More Money
Tips For Achieving The Elusive 50% Savings Rate
Avoid Major Financial Stress With These Tips
5 Ways To Ensure Your Kids Are Financially Competent
How To Avoid Financial Troubles The Smart Way
Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page.