7 ways to make extra money on the side with a full-time job | INVESTED MOM
How much extra income would you get if you combined your day job with a side gig? Would you be able to pay off debts or save for retirement? If you want to make some extra cash on the side, then read on.
You might be thinking that having a full-time job means you don’t have time to earn extra cash on the side. That couldn’t be further from the truth. In fact, if you have a good idea and follow these 7 steps, you can start earning money on the side without sacrificing your current career. And you can do it on your own schedule and in your spare time, while earning extra income.
There are lots of ways to earn extra money on the side, whether you’re looking to supplement your existing income or create a new source of revenue. The key is finding something you enjoy doing and turning it into a profitable venture. You can even earn money online in your own time - it's a win win!
1. Sell things online.
If you’re willing to take on some risk and have the heart of a true hustler, you can make extra money online doing commission-only sales for startups and other businesses. While you won’t be getting a regular salary, with the right sales strategies and skills as an inside sales rep, you can make decent money for each sale you bring in. And because you’ll most likely be working with companies who have little or no experience dealing with employees, you can make an excellent living by simply helping out.
Hone in on your sales skills and enter the gig economy! This includes selling items through eBay, Etsy, Amazon, or another eCommerce site. Many people make a substantial amount of money from this side hustle.
And the best way to make money is through affiliate marketing. Affiliate marketing is the practice of partnering with a company (becoming their affiliate) to receive a commission after a sale has been made. This method needs no an upfront investment in order to gain sales. Once you generate interest and traffic to your affiliate links (like through posting on social media), you will start making commissions — which may be used for future expenses to expand your reach, or simply bankrolled into your pocket. Social media platforms like Pinterest, Instagram and TikTok are a great place to start, and they're free. The Amazon affiliates program is great to make extra money online.
2. Create a website or blog.
If you're looking for a new side hustle, why not try blogging? It's one of the easiest ways to make money online and you can do it at any age. You don't have to be young and fresh out of college. In fact, if you've got an idea for a blog already in mind, you can start right away.
Fact: Blogging has become extremely popular over the years. According to Statista, there are currently around 2.5 million blogs out there. And although they don't pay very well, they can be a great way to build traffic to your site or even generate passive income.
You don't need a big budget to start blogging, there are many free blogging platforms out there, including WordPress, Blogger, Tumblr, TypePad, and others.
Platforms like Anchor also allow you to set up a podcast page, which is an interesting way to create a business with your own podcast, selling advertising time on your show. You can turn your podcast shows into blog posts and BOOM! You have repurposed 2 streams of income and you can add a third by repurposing the podcast to a Youtube channel with minimal extra time and effort.
Also, there are so many different topics you can talk about. The only thing you need to worry about is finding a niche that you enjoy talking about. Once you've chosen a topic, you'll need to decide how often you'd like to post. Some people prefer to post once every day while others may post once every week. Blogging also allows for flexible schedules and you can use it as an outlet for your creative skills.
Then, You'll need to come up with good content. And this means writing high-quality articles that will appeal to your audience.
And as a result, If you have a large following on your blog, you could make extra money by selling advertising space in the sidebar of your blog. Many blogs will pay you per click or even better: if someone clicks on an ad and visits a site like Amazon.com, you get paid a percentage of what they spend while there. Additionally, some blogging platforms have offers for paying subscribers where you get paid to read particular categories of posts (such as health) or certain articles within those categories.
It's a great way set your own hours while creating passive income through affiliate links to products you want to promote.
3. Start a YouTube channel.
Youtube is the 2nd largest search engine on the web, behind only Google. The site receives over 3 billion visits per month, and its user base continues to grow rapidly. As such, it’s no surprise that Youtube is becoming a major source of revenue for many creators. So it's simply one of the best ways to make money from home.
YouTubers earn money through advertising, subscriptions, merchandise sales, sponsorships, and other means. In some cases, they even receive compensation from brands who want their ads to appear alongside their videos. They use this platform to share videos of themselves making recipes, giving tips, or sharing stories about their lives.
So clearly, the first step to creating a successful YouTube channel is choosing a niche. A niche is something that interests you, like cooking, fitness, or fashion. Next, choose a name for your channel. And, upload videos regularly. And If you want to grow your channel, start doing some Youtube SEO by optimizing your videos' quality and promoting them on other social media platforms such as Facebook, and Instagram, in the end, YouTube pays You according to your channel's viewers and the time they spend watching your videos.
4. Do freelance work on your own schedule.
Freelance jobs are becoming more and more common these days. The Internet has opened new doors for independent workers who want to build their careers without having to stick to a 9-to-5 job. Freelancers can choose their projects, clients, and hours. They don’t even need to worry about office politics or company culture. Bonus!
Freelance jobs include writing, graphic design, web development, social media management, editing, proofreading, copywriting, and more. And it's a great way to supplement your income while working full-time or even part-time!
And you can start making money as early as this week by joining Fiverr, the leading marketplace for creative freelancers worldwide. Additionally, I recommend checking out Upwork, PeoplePerHour, Guru, Elance, Odesk, and TopTal.
However, earning money through freelance work isn’t always easy. There are several ways to get started, but some require a bit of extra effort and skills. Freelance writing is one of the best ways to get started and to get paid. Freelance writers can charge per project, example $100 per 500 word article, or they can charge per word, example 0.06c per word.
5. Become a virtual assistant.
Virtual assistants help businesses run smoothly by performing administrative tasks, answering emails, scheduling appointments, booking travel arrangements, managing payrolls, etc.
You can find all kinds of remote positions that offer earning potential — from administrative support to technical consulting. Depending upon your qualifications, you can expect to earn anywhere between $22-$100+ per hour. To get started, check out 9to5Remote.com or Remote.co for hundreds of available positions.
Offering virtual assistant services helps you make more money online in your spare time and can be done as a part time job.
6. Be a personal shopper.
If you would like shopping and want to earn extra cash, then personal shopping has become a growing trend where shoppers hire someone else to shop for them. The job is simple - you simply go to stores and pick out items they want. Some shops offer incentives such as gift cards, discounts, freebies, etc. Others require you to purchase certain amounts of merchandise before you get paid. And also, Personal shoppers shop for purchases at stores and deliver them directly to customers' homes. Personal shoppers can also help you find great deals on items that are already in your home or online shopping cart.
Fact: Personal shopping is becoming a very lucrative career choice. In fact, according to Forbes, the average salary for a personal shopper is $22 per hour. So it's a great way to earn some extra income. There are several ways to start your own personal shopping business, from working at boutiques to selling your services online.
7. Run a side business.
If you enjoy creating value through activities such as baking, crafting, sewing, and other hobbies — then why not monetize your passion? You may already turn a profit from it, but if you don't, consider starting a small business around your favorite hobby. No matter what type of business you end up running, if you can do it in your spare time and it brings you joy, it won't feel like a job and it'll generate additional income for you.
Starting a side hustle isn’t always easy. There are plenty of things to consider before jumping into the deep end. For example, you'll need to determine whether your new venture will fit within your budget, and you should also figure out how you plan to generate income. Once you've nailed down your business plan and financial goals, you can set this business up during your free time and earn money from your talents!
Final Thoughts
There are many different types of side hustles to explore, so keep searching until you find one that makes sense for you. And remember, no matter what type of side hustle you pursue, be sure to set realistic expectations. You won't become rich overnight with any of these ideas, but they will all add up over time as you grow your business.
If you know you'd like to earn money and generate extra income, but you don't know where to start, book a 1:1 strategy session with me and we'll get to work and get you paid!