I love finding creative ways to make money. I developed the habit of building different income streams after I got laid off from a job I really enjoyed. The startup was failing and they had to let go of most of their employees. It wasn’t personal. These things happen and this is why you shouldn’t rely on only one source of income. In today’s economy, it’s highly recommended to diversify your income as job security is no longer guaranteed. Luckily, I had some savings and my family support to fall back on but I needed to find other ways.
Let’s be real, we can all use some extra cash. Whether it’s to support our travel plans, buy a new apartment or increase our savings, generating side income is often a lifesaver.
This past month, I added $700 to my income from different gigs. I hope you get some ideas on how you can increase your earnings.
Tutoring – $560
As you can see, tutoring was the bulk of my extra income. I made this amount by having four weekly tutoring sessions at $35/hour after work. I signed up for a program at my school that connects students with parents who need help with babysitting, dog walking or tutoring in the area.
Now you may be thinking you’re not an expert in any subject so you can’t tutor, but that extends to anything you know how to do well. You can certainly monetize any service you can provide because people always need help. They are willing to pay for things they either cannot do themselves or are too lazy to attempt. Whether you’re a web developer, graphic designer, video producer or tutor, offer your services to your immediate network and you’d be surprised how you can fill certain voids.
Translating – $90
Because I speak four languages, I quickly realized I could be of service to people or companies who need help interpreting or translating documents. I made $90 from translating documents from English to French for about two hours. How did I land that gig? I went to a meetup for French learners and connected with an art curator who needed help because she didn’t speak the language well enough. It might have been a chance encounter but there are agencies who look for native speakers of various languages.
Translation services cost a lot (up to $65/hour depending on your expertise) so if you speak more than one language – and if they happen to be popular like Spanish or Chinese – you have a competitive advantage and an automatic moneymaking tool. If you don’t, you can also learn from many free online resources.
Personal Shopping – $50
Shopping can be tedious and energy consuming. Not everyone likes to spend hours browsing aisles for groceries, clothes or furniture. If you enjoy it however, you can get paid to do it. All it takes is a combination of good taste and a penchant for all things visual and pretty.
I landed this gig via Craigslist and it’s now turned into occasional freelance work. I never considered styling or personal shopping until I started making fashion videos on YouTube. This comes to show that you can develop many skills once you decide to focus on a project. From video blogging, I learned how to film and edit videos, capture and retouch photos, market content on social media and more. You know that travel business you plan to start or these guitar lessons you’ve always wanted to give? You can’t begin to imagine how much you’ll learn from it. The simple act of practicing a skill can attract job opportunities. So let these creative juices flow and go prosper!
Remember: diversify, diversify, diversify. It’s key to making more money. Assess your skills and start putting yourself out there. Network your way to landing gigs and take classes if necessary. If you have any questions on how you can monetize your skills or where to find gigs, let me know!
How do you generate extra income? Let me know in the comments!
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