Increase Your Bottom Line
Make more money today than you did yesterday. This is the dream everyone has but you must be confident in your ability to do so.
If you can make more each day, the belief is, someday soon, you will be able to retire from work and life a comfortable life.
I believe this is a good idea but I also believe for most people this is only a wish. They do not have a plan on to accomplish this.
There are many opportunities available to you. You can make videos and post them to YouTube, drive for Uber, start a Shopify store, become a personal trainer and even look at doing some consulting in your spare time.
I have looked at drop shipping as a feasible idea to create an income online. I also considered blogging. Before you start blogging I would suggest you read this article to learn some of the challenges I faced.
Do You have a Why strong enough?
Before you decide you are going to invest some time and money in a side business, you need to know why you want to make some extra money, in the first place.
How to make money is easy but your why must motivate you to make extra cash.
Are you looking to pay bills?
Maybe take a vacation and travel with your family?
Do you need extra money to fill the gas tank at the end of the month?
Do you want to eat organic and need more money to buy better quality food?
Maybe you would like to refresh your closet with some new clothes?
Perhaps you have a desire to give more money to causes you believe to be worthwhile?
Could be you want to fund a business venture, hobby or the dream of a loved one?
Whatever your reason you have to first stop worrying about failing.
Your reason must be a good enough reason for you to act daily to make more money in your spare time.
Your why should inspire you to get off the couch and live the life you want, not just watch others live the life they want on television.
5 Simple Ways to Make More Money
I want to present you 5 simple ways to make more money in your spare time.
If you can’t believe you can make thousands or tens of thousands in your spare time, you’re not alone but it can happen for you.
My goal is to help you see that you can start small and grow your income in your spare time to whatever number you want.
You can start by increasing your monthly income and even grow your idea into a large business. A business you can do full-time and quit your current job to pursue, if you choose to.
There are many ways to make more money in your spare time but you truly have to find the way that works best for you.
You can choose to work more hours at your current job if that is available to you. Another option is to take more clients, open the doors to your business earlier and close them later.
You can spend money to make money and invest in social media marketing.
But I want to present you with ideas to get away from your 9-5. I want you to look at ways to take control of your own life by controlling time and money.
Below are business idea I have used to make more money in my spare time. I had a why, a goal, a plan and then acted, to make extra money.
Pre-Sell Products or Services
Some people says it takes money to make money. For some things, this might be true, but not for everything.
We need to look at money and business in a different way then we have. We need to think about how we can leverage money we do not have, yet.
Awhile back, I wanted to purchase a watch that connected to my phone. I could pay for it or I could find a way to earn the purchase of the watch.
I logged in to my personal Facebook page and asked if any of my peers were in the market of a new watch.
There were about 10 people who said they were interested in a watch like the one I was considering.
I decided to pre-sell the watch to those 10 people for only a small increase of $5 per watch.
With the $5 increase to the price I could get myself a “Free” watch.
Before anyone believes I took advantage of my peer, please note I did the work to find the watch, I ordered it and I delivered it to each person on my own time.
By the time, I received my new watch, I had upgraded phones. My new watch was not compatible with the iPhone. So, I ended up selling the watch I could not uses anymore for a cool, $100.
In this example, I turned $50 I did not have into $100 in my pocket.
Do you know where your money goes at the end of each month?
If you do not know, then it is time for you to figure this out. Sit down with your bills and write out where your money is going.
Do you eat out every day for breakfast, lunch and/or dinner?
Are you going to your local coffee shop and buy multiple coffees and donuts?
Do you carry a balance on your credit card at the end of each billing cycle?
At home do you have a cable connection or a LAN line?
Are you buying groceries and throwing some out before you can eat it them all?
If this sounds like you, don’t worry there are many people like you out there. The difference is you are reading this article and looking to make a difference.
An effective way to keep more of your money is to cut your cable. Right there you can save $80-$100 per month. Instead look for alternative services that do not cost as much, such as Netflix.
Use your credit card or your debit card but do not use both. If you prefer the cash system, then use that. Do what works for you but do not carry a balance on your credit card.
You will be paying interest on interest and this is not a good way to save money and cut expenses.
The goal is to not pay interest on borrowed money. Take the money you would be paying interest on and pay other bill such as other credit cards, mortgage and loans.
Did you know an $400 extra a month, on a mortgage of $500,000, will pay that mortgage off about 8 years sooner? That’s more money in your pocket to do other things.
Clear the Clutter
Once or twice a year look around your home and see what you do not need anymore. What you do not need you can donate or sell.
In North America, seem to collect and hoard everything we can. We store things in boxes because we believe we will use the item someday. We rent out storage units believing we will need the items.
I believe, if you have not used or even looked at the item in years it might be time to let it go and let someone else have it.
You can have a garage sale or sell items on eBay. As the adage goes, one man’s trash is another man’s treasure.
Depending on what your selling, you can make hundreds of dollars in a weekend. You can take that money and put it towards your goals, paying bills, travel or whatever you see fit.
Are You an Expert
Do you consider yourself an expert in certain topics?
Why not take the information and knowledge you have and teach it to a group of people so you can make more money?
Depending on the depth of knowledge you have and amount of people interested, you can hold a seminar and teach that information to people.
Not everyone is born with the ability to teach or stand in front of large crowds. Start small and get good at what you want to teach.
The better you get at your craft the more people you can present in front in the future.
You can teach what you know for free at first to get practice. As you get better at presenting you can start by charging $5/person and maybe someday you can charge $10,000 or more.
That is how many consultants get paid all over the world.
You can also look at writing a book, holding a webinar and doing some additional consulting for businesses.
You just have to believe in yourself and take the first step. Do not let the dream stealing world tell you that you can’t accomplish what you want.
Have A Hobby
Do you have a hobby you enjoy doing in your spare-time?
If you do, that’s awesome. If you do not, you may want to find a hobby. Something you would enjoy doing if you were to lose your 9-5 job.
Let’s say you do have hobby. Most people treat their hobby as just that. They do not look for way to monetize what you do. Be an entrepreneur and take your idea and make more money while you work at your craft.
If you are a business owner or employee, I’m sure your goal is not to spend all your waking hours growing, managing and dealing with customer service.
You started a business so someday you can scale back and do more of the things you enjoy doing.
If you could not go to work, your business or do the things on your regular schedule, what would you do instead?
I believe it is a good idea to turn your hobby into a money make venture. I’m not saying quit your job or business.
What I am saying is find ways to make more money in the hours you are not making money.
There are many ways to make some quick cash. You can work online, buy and sell stocks, gamble at the casino and ever work longer hours.
The question is what do you like to do. You can work part time to create some addition income.
The main thing is you need to have a why, a desire. At first no one takes action if they do not have confidence in their ability. Over time you can learn how to market and use social media to your advantage and make more money.
Leave a comment below and tell me what you will do to start making extra money in your spare time.
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Founder and CEO, Discover Your Life Today
Maveen has built his career in Banking, Insurance, Home and Automobile Sales. Providing exceptional customer service is his passion. Writing is a way to share his knowledge and help change the lives of million of people. Like the Facebook Page to support him.