Showing posts with label making money on the side. Show all posts
Showing posts with label making money on the side. Show all posts

2017-04-06

40+ Side Hustle Ideas and Tips From The Experts

January 25, 2016 BY Michelle Schroeder-Gardner - 95 Comments


This post may contain affiliate links. Please read my disclosure for more info.


Here on Making Sense of Cents, I talk a lot about different ways to make money on the side and the many great side hustle ideas. I do this because I truly believe that making money on the side can change a person’s life.


After all, learning about different ways to make money on the side changed my life .


My main side hustle a few years ago mainly consisted of me blogging here on Making Sense of Cents. Then, it quickly grew, my income matched and then exceeded my day job income, and I actually made the decision to leave my day job in order to pursue my side hustle full-time.


As you can probably tell, starting a side hustle significantly improved my life and it's something I will ALWAYS be extremely happy about. My side hustle income allowed me to pay off my debt quickly, leave the job I disliked, start working towards my passion, and travel extensively.


Taking part in the many different ways to make money on the side can allow you to:


    Pay off your debt; Save for things such as a vacation; Stop living paycheck to paycheck; Reach retirement sooner; Not feel as stuck at your job; Become more diversified.

Many others believe in the amazing power of side hustle income as well. I recently interviewed many side hustlers, freelancers, business owners, and more about the different ways they've made money on the side and compiled them into one extremely informative blog post to help all of you. Plus, they share their tips on how to manage side jobs better so that you can make money on the side while not going crazy.


Below are over 40 different side hustle ideas and tips from the experts. There are many different ways to make money on the side and I'm sure you'll find one below.


Related articles on side hustle ideas:

2017-03-27

Freelancing is the easiest business to make more money with right NOW

Let's first cover a few stipulations. For delusional people, these will crush their kooky dreams of living a passive-income lifestyle with no work. But for people who are serious about earning money and who realize that to earn money passively, you have to start out doing work actively (just like I've done) this is what you need to know.


    Out of the 3 primary ways to earn money. the easiest way to earn money on the side is to start a freelance business. meaning you take your skills and turn them into direct income. It costs virtually nothing to get started, you can start earning money right away, and you can rapidly test and refine what you offer to earn even more.

For this reason, freelancing will be the main focus of my strategies for earning more, but note that you can (and many, many of my students HAVE) applied these lessons to other productizing or to increase salary at their regular jobs.


(Productizing is unrealistic for most people who are starting out since it involves both the critical aspects of freelancing, as well as an entirely separate set of skills.) MOST jobs can translate directly into freelance work and EVERY job implies skills that can transfer to indirectly to related freelancing jobs. But there are a small percentage of professions that can’t: For example, you don’t see any freelance cardiothoracic surgeons. (But you can see some doctors moving in that direction.) People worry about the time involved, but this is really just an excuse to do nothing. Do you think successful people say, Waa…if I start earning money, I'll have too much work, and I don't know if I want that… ? Of course not. They know that the real problem is getting any money at all, not getting too much. Since you'll be making money on the side, you can control exactly how much time you put in. There are proven ways to minimize the time you spend so you can hit your target goals. Finally, it's FUN to earn more, not drudgery. Just like dating, it will probably take repeated failures to find a good match between your skills and what the market wants.

Please re-read that last point about repeated failures.


This is probably the most important fact to keep in mind as you’re working through ideas that can make you money. I personally keep a Failures tag in Gmail where, if I'm not getting at least 5 failures/month, I know I'm not doing enough.


What are your real skills, and how can you turn them into something that other people will pay for? Let’s say you have a full-time job as a project manager or salesperson or translator. How can turn what you already know how to do into $200/month, $500/month, or even $5,000/month in side income?


Making more money is about creating a process to rapidly find, test, and develop a series of ideas until you find the right idea that's profitable.

2017-03-22

I Need to Make More Money 8

Is it okay for a Christian to desire to make more money? Is it okay to want to be rich? Where exactly do we draw the line between not rich and rich ? To put things in perspective, let's first take a couple of seconds to answer these four questions:


Are you wearing clothes?


Do you own at least one pair of shoes?


Do you have enough food for one meal?


Do you sleep in a bed at night with a roof over your head?


If you answered yes to every question, then guess what? You are better off than 75 percent of the people on this planet! Truth be told, not everyone is born with the capacity and smarts that will allow them to make a lot of money and practice proper stewardship over their wealth. For every person that's given these gifts, there are scores of others who try their best throughout their working lives to just stay one step ahead of an empty cupboard, struggling monthly to make ends meet. Ambition in and of itself is not a bad thing, but we need to purpose our ambition for the glory of God and not for the glory of self. We need to try to be satisfied with what God has given us along the way and not be covetous of the material things that elude us.


We often hear people say money is the root of all evil, but what the Bible actually says is that the love of money causes all kinds of evil . So, while it is our Creator who gives us power to make money, we are cautioned that our hearts will be where our treasure is, and therefore, we cannot serve both God and worldly riches. Thus, if we start putting our faith, hope, and security in our money, we will become idolaters and fail to serve the one, true God. But if our hearts are in the right place and we devote our lives to a higher purpose, then money becomes a tool for ministry and making the world around us a better place.


Don't Stigmatize Money


So we don't need to stigmatize or fear money, as the Bible does not forbid Christians from gaining large amounts of money. We need to utilize it for God's glory. When we strive to keep the right mindset about it and correctly use the good things that our Creator has set before us, very often we find that He multiplies those good things. Of course, at the same time it is also true that one of the most unique aspects of Christianity is the fact that the more closely we follow Jesus, the rougher the road can become. Jesus never promised that life as a Christian would be easy.


We all have a tendency to compare ourselves with others, but the danger in doing so is that we often end up judging harshly: first ourselves (when we don't measure up), and then others (when we feel superior). We stand a much better chance of leading more productive lives if we stop comparing ourselves with others and lamenting our lack of resources.


We should instead relish our blessings and concentrate on the core idea of how we can make the most of our situation. Once we do this, we put ourselves in a more positive state of mind and a better position to funnel our thoughts into what we would really like to do to long term, in the big scheme of things, and figure ways to monetize our lives around those goals.


Instead of thinking that someday if you save up enough money you'll switch careers and do what you really want to do, maybe you should be thinking about what you can do now, in your present circumstances, that will line up better with what you really want to do in the long run. If you start making decisions and choices in your job or career right now based on what you like to do and are good at, chances are you'll increase your potential to make more money.


You don't have to feel stagnated by some decision you made years ago that put you in the place you are now; you can explore money making opportunities outside of your regular job. Ponder your passions and things you think are fun and interesting, and look for ways to monetize them. Open your mind. You've got ideas for helping others, bettering the lives of people around you and for doing good things, so why not put those ideas to work?


As Gen. H. Norman Schwarzkopf put it, You cannot help someone get up a hill without getting closer to the top yourself.


Beyond Your Comfort Zone


When you work for someone else, your opportunities to make more money depend a lot on your strengths, and that's cool because that's how and why they pay you. But when you do things where you are your own boss, many times you can capitalize on your weaknesses, by learning from your mistakes and trying things that are outside your comfort zone. Open-minded thinking can put you on track to finding the kind of work that has the right stuff to make you more money in the future in addition to helping you to improve yourself and your quality of life along the way.


The simple truth is that making more money has a lot less to do with how smart you are, and tons more to do with how much action you are willing to take. Of course, we all know this; we might not want to think about it too hard, but we know it. After all, who is probably going to give themselves a better chance to bring in some extra coin each month: The smart guy who spends a lot of his down time on the couch watching ESPN and goofing around on the computer, or the regular Joe who regularly finds time to concentrate on and explore what it is he'd really like to be doing and then looks for ways to test those waters without fear of failure?


Many times the best way to bring in some additional income is to think in terms of simple ideas to make money and ways to build on these ideas to create a business. Have some trust in your abilities and choose to do something you enjoy, in areas where you have expertise or specialized knowledge. These are the places where you can dominate and prosper. These are the types of actions that are going to give you the best chances to increase your income.


Of course, the old adage don't quit your day job is an old adage for a reason there's a lot of truth to it. Even if your current job doesn't mesh with the direction that you want your life to go in, it is bringing in money right now. It is also giving you the window to go after other opportunities and ways of making money on the side without the stress of having to fund your living expenses.


But be warned, don't go looking for the magic bullet, that system that's going to rake in the cash for you on autopilot. It doesn't exist. And don't waste your time trying to copy anyone else's success methods, either. Oh, sure, use them for motivation and ideas you can customize for yourself. But don't assume that somebody else's way of making more money would also be the right one for you too. There is no best way to make money.


One last thing to ponder: We all make a series of choices as we progress through our working lives, and the temptation is always there to slowly accumulate more and more stuff until one day we realize our lives have become overly complicated and we have wandered from the faith. But if we try to remember to place God first in our lives and that our blessings do not come from how much stuff we have, it will be a whole lot easier to stay on track. For the Lord's blessing brings wealth, and no sorrow comes with it (Proverbs 10: 22).


See, we can't control outcomes or results, but we can control our actions. We have control over what we do, and in the long run, our actions (or lack of them) are what's going to make all the difference.


What do you think? have you thought about your true motivations behind wanting to make more money?