Let’s talk money. The one thing the most of us are trying to obtain. Whether you’re a member of the corporate world like me, or a full time entrepreneur, we could all stand to add more sources of income to our catalog. We’ve all heard or read the quote: “The average millionaire has seven sources of income”, and because all of our readers are destined to be millionaires, we’ve put together a few supplemental income ideas to help you earn a few hundred bucks a week.
Uber/Lyft Driver. Do you own a newer car with no visible damage? Do you have full coverage and a good driving history? Driving an Uber/Lyft might be perfect for you. With the option of an instant deposit up to 5 times a day, the turn around time on your cash is the ultimate plus. That doesn’t even include cash tips that you may receive from your passengers for the outstanding customer service that you will provide. Your car will be fully covered by Uber/Lyft for all rides given and will cover any damages or injuries caused during your rides. A few things to keep in mind when driving an Uber/Lyft: First, you will get more of a return when you live in a busy city. I live in South Florida where an Uber/Lyft is requested by the second. So the odds of me making 500 a weekend is very likely, as opposed to someone who lives in a small location like Cheyenne, Wyoming, your chances of getting an ride request are much more slim. Secondly, keep in mind the miles that will accrue on your vehicle. If you lease your car this is not the gig for you. Lastly, choosing your hours of operation will be critical. Let’s not forget that you will be driving complete strangers to their next destination. Choosing a time where you’re less likely to encounter the partygoers or making yourself vulnerable for other unforeseen instances are an important piece to making this gig successful.
Trade. What are you good at? Cooking? Cleaning? Doing taxes? Are you a dog person who helps your neighbors out from time to time? Good with kids and babysit on occasions? It’s time you started charging for it! Stop baking cakes and pies for family members when they should be paying you for your services. The best thing about making a profit on a trade is, most likely it’s something you love to do and have been doing for years. Charging people for your expertise will be the only difference. Stop thinking about all of the people who are already doing it. Look at the tissue and detergent isles. There are hundreds of products that serve the same purpose. It’s about targeting your own loyal customers and keeping them coming to purchase from you and only you.
Tutoring/Classes Is there a subject that you know a lot about or understand with ease? You should really think about helping out students who struggle in these areas. It doesn’t have to be academic, it can be a sport or helping a student with debates for the debate team. Not only will you be apart of helping the community, you’ll also earn extra money while building relationships with kids who may return the favor in the future (babysitting, lawn care, pet sitting etc).
Air BNB/VRBO. Do you have a vacant property or secluded area in your home with a full bathroom and private entry? Maybe you’re an extra tidy person who spends a lot of time somewhere else and are hardly home. Using your home to host out of town guests seeking accommodations is a pretty lucrative idea. It’s an even better idea if you live in a city known for its tourism. The prices you can charge nightly can be just as much, if not more than, an average hotel in your area. Not only that, you get a service/cleaning fee along with a deposit for incidentals. If you have a vacant rental property this will be a good way to make money until you get your unit occupied. You just have to be willing to furnish it in the meantime.
Online Store. Do you own a lot of things? Or have friends and family members that do? Start a consignment shop reselling items that are no longer wanted. There are lots of different avenues you can use to make a profit. eBay and Craigslist aren’t your only options anymore. Now we have Let Go, Offer Up and Amazon. You can create a store on all these apps at the same time to increase your chances of landing a sale. The best things about these apps is you can sale local if you would rather meet up with locals in a safe common area and cut out shipping and handling.
Although there are hundreds of other ways to make money we thought we would put a few out there to get you motivated and get the ball rolling on your path to financial independence.
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