You all loved when I wrote about how I made $700 from my side gigs in July. I decided to turn the idea into a monthly extra income report to show you how you can monetize your skills and earn side income (because let’s be honest, who doesn’t wanna make more money?)
You can earn extra income in several ways:
a. Getting a raise at your job
b. Starting a business
c. Doing freelance work
d. Growing a side hustle
Option a doesn’t happen as often as we’d like and depends on factors outside our control. Option b (aka entrepreneurship) isn’t for everyone. I like options c and d because they give me direct control over how much I make. I think of freelancing as doing work for other people on your own time. Having a side hustle is different in that you’re typically your own boss. You follow a course of action that creates the opportunities. Your earning potential is limitless and it correlates with the amount of work you put in. If you’re skilled in many areas and you’re up for the challenge, follow these 5 steps to diversify your income.
Here’s a breakdown of how I made an extra $500 this month:
I met this client in June at a sample sale and we started working together in August. She has a handbag company and she reached out to me for help with social media photography, copywriting and posting. If you spend a lot of time on social media and came to develop a great understanding of how each platform works, do not take it for granted! You can find clients that will pay you to teach them how to use the platforms or how to grow their following on them. Research gigs on sites such as Fiverr, Elance or Craigslist and check out 10 More Great Sites to Find Gigs and Part-Time Work
Writing – $100
Great writers will always be on demand. This is because writing is at the basis of most business communications. You don’t need a degree in English to know how to write. If you can clearly articulate your thoughts and know a lot about a particular topic, consider offering writing services to startups that are looking to build thought leadership or to popular blogs. There are a lot of great online resources for aspiring writers. If you’re one of them, check out The Write Life.
Event Discovery – $50
You wouldn’t imagine the things people are willing to pay for! If you’re good at finding things to do, you have your side business idea. People don’t always have time to look for plans or places worth visiting so by either having a discovery website or posting reviews, you could bring that value to them. I recently started working with this fashion business owner and I get paid $50 a week for helping her find networking events for her business. You can too, if that’s your thing of course.
There’s a lot of money waiting to be made! Go as far as your skills and creativity take you.
How do you generate extra income? Let me know in the comments!
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