Most of us would love more money, but we often don't act on that desire, as we feel busy enough with our current job and other responsibilities. But you can make some significant extra money on the side in lots of ways, and some of them might actually appeal to you. And once you've got extra cash, consider investing your long-term dollars in stocks -- perhaps for retirement.
Domain name trading has been around for the last couple decades, and while most slam-dunk names have long been sold off, there’s still plenty of others that you can get your hands on for relatively cheap and broker as a way to make money online. Before you dive in, however, beware that some experts doubt the long-term viability of this idea for making money online. However, there’s always the chance you might just land on a lucrative domain name for a future billion-dollar company. To get you started, here are some tips from GoDaddy, arguably the world’s largest and most famous repository of domain names.
Check with your local bank to see if they're giving away cash bonuses for opening up accounts. Banks run promotions like this all the time, so grab some real cash quickly if you're in need. It won't break the bank (no pun intended) but it will give you a quick $50 or $100 -- maybe even more -- when you really need it. You might need to deposit a minimum amount of cash (usually in the thousands) in order to qualify for these types of accounts (but not always).
Find a profitable niche: We’ve talked about this a lot. But, where are you most comfortable? What niche do your skills, values, and interests intersect? Do you have 10 years of experience as a technical writer? Do you have long-standing PR relationships that’ll be invaluable in helping startups launch a successful crowdfunding campaign? Determine what makes your value unique, and lean heavily on showcasing that strength to your potential clients.
72. Sell Other People’s Stuff: You can always sell your own stuff on eBay, but you can also sell things for others. I recently met a lady with an enormous amount of antiques (3 barns full) stacked away where nobody can see them. I am going to get her up and running with an eBay store so the right people can see this jackpot. If you have the know-how you can help someone who already has the goods make some money.
There are loads of resources for making money online as an affiliate. You could source products from ClickBank, Commission Junction, Rakuten Marketing, Share-a-Sale, Impact Radius and many others. Plus, many of the larger companies have their own affiliate programs as well. Do your due diligence and find the right company with a relevant product or service to your audience that you can sell as an affiliate.
Writing a résumé can get tricky. Even if you have the education and experience to secure a job position, the wrong words could place your résumé at the bottom of the pile. That's when you turn to talented individuals who have a knack for writing amazing résumés. If that sounds like you, you can either offer this service to anyone in your network or work part-time for ResumeEdge.
Now, it’s time to start creating and uploading content. Make sure you’re using a high-enough quality camera (most smartphones will work but I’d suggest at least having a tripod so your footage isn’t shaky), but don’t worry about being perfect at first. The beauty of YouTube is that you can continue to test out different content and styles as you find what works for you. Instead, stick to a regular schedule to build up your subscriber base.
If you're a crafty sort, you can make money on the side by selling your wares online or at farmers' markets, craft fairs, and other locations. Online, look into sites such as Etsy.com and perhaps eBay.com, where you can maintain a store and sell to a wide range of buyers, with the website taking a cut. There might even be some stores near you that will sell some of your offerings under their roof, also taking a cut. What should you make and sell? Well, the possibilities are myriad -- you might make sweaters, jigsaw puzzles, jewelry, soaps, candles, leather goods, paintings, ceramics, or all kinds of other items.
Creator of Millennial Money and Author of Financial Freedom (Penguin Random House). Dubbed "The Millennial Millionaire" by CNBC, Grant went from $2.26 to over $1 million in 5 years, reaching financial independence at age 30. Grant has been featured in The New York Times, Wall Street Journal, BBC, NPR, Money Magazine and many others. He uses Personal Capital to manage his money in 10 minutes a month.
The truth of it is that it is going to be hard to compete unless you offer something good or tug at the heart strings. Many commercial car washes can do a full wash for $5 in just minutes, and it's going to be hard to compete with that. But, there are a few ways you can still manage. Teens to mid twenties work best. Be sure to have some buff looking guys and girls to enthuse the car owners to stop (yes, it isn't ideal but it works). Advertise everywhere -- throw flyers out from a plane if you have to. Donate a portion of the profits to charity. And advertise this really well. And be sure to stick to your wording and donate said portion of the profits, not a portion of the income.
Websites like Care.com connect parents with babysitters. The company does all the background checking and other due diligence to put parents' minds at ease. Of course, you can appeal directly to people in your personal network, but if you're looking to generate recurring revenue sign up with a site marketing to parents looking for child care services.