When you’re looking to create a healthy financial future for yourself and your family, you’ll want to make sure you develop multiple streams of income. If you lose your day job, it’s always good to have more income to rely on. Plus, it’s always wise to more than enough to cover what you need. Consider the following ideas.
Teach English Online
If you have an undergraduate degree, you’re probably qualified to sign up to become an English teacher in a virtual system. Do your research to find a program that suits your schedule and skill set. If you haven’t studied your English notes in a while, now is the time to brush up. A few hours a week can easily add up, and serve as a lucrative source of income on the side.
Become a Freelance Writer
If you’re in love with sitting down to type on the computer each day, you might want to think about becoming a freelance writer. You can become a freelance writer for a local newspaper or an online magazine. You might decide to set up a website and a social media profile to promote your writing services to various publications as well.
Thanks to Gary Vaynerchuck, the world is in love with the idea of reselling products. While there are tons of people using sites like eBay and Craiglist.com to resell products, there’s so much room for more people to enter the market and succeed. The key is to become consistent with sourcing and listing products. You can find items everywhere. Take advantage of thrift store finds, discontinued products and merchandise from the outlet stores. Buy low to sell high with product like scrap metal or other items that have potential buyers.
Become an Influencer
Even though it has been around for a while, social media is truly within its infancy. Facebook shows no signs of slowing down. Instagram and YouTube are booming. Knowing this, consider creating a platform around a topic you’re passionate about. Whether you love music, coffee or video games, create content within that niche. Develop a following. Monetize that following with sponsored posts, affiliate links and brand collaborations.
Create a product
If you are a great baker, sell cookies to your family members and friends. If you love to work out, consider becoming a trainer. Host exercise meet-ups. Sell t-shirts with fun quotes. In order to get the word out, set up a website that showcases your products and services.
As you begin to get the wheels turning, recognize that some of these tips will be harder than others. However, some of these ideas are ones you can do simultaneously. As long as you become persistent, organized and disciplined, you can create the extra income you desire. You’ll also be able to do it without skipping a beat with your full-time job.