Finances & Money

5 Side Incomes to Generate Cash Today

gumtree_australia_logo_transparent_300x300It’s an unpredictable world and a lifetime job can no longer be relied upon. Having a well-paying job is great but you do need to diversify the way you generate cash.

Here are 5 quick and easy ways to make money on the side:

Use Gumtree / eBay

Someone out there could probably use the old clutter lying around your house.

Create a list of all the usable items you own that you don’t need anymore. Upload the details using the Gumtree app or on eBay. Wait until you receive messages from other users who are interested.

This will keep small amounts of money rolling in and keep your house clutter-free.

You could also sell other people’s items for a commission or buy and sell items, finding things that are worth more than what you barter for them.

Consult / Coach

Teaching is one of the most socially useful ways of making money.

If you have a certain skill (which could be anything from baking cookies to teaching people how to trade oil futures) set up an online profile and start teaching.

Charge an hourly rate and once you get a few clients you’ll be making money in no time.

Knowledge is incredibly useful, but your personality will determine how much you earn as well.

Freelance

Another way to apply a skill is to simply sell your services directly. Freelance lawyers, writers and financial professionals tend to get paid the most.

You could also try voice acting or data entry if you have limited time or a great voice. Check out sites like Upwork or Freelancer to see what’s out there.

Amazon’s Ataturk Service is also pretty great for quick and easy jobs that you can complete in less than an hour.

Drive

Driving people around to make some cash on the side was fantasy a few years ago. Now with Uber and Lyft, it’s almost irresponsible not to drive back in a carpool and get paid for it.

If you have a car, register and keep the app active when you drive back home from work. If you can get even one person along the way, you’ll save on gas.

Ride around at peak times over the weekend to make some serious money.

Affiliate Marketing

This is one of the most common ways of making money online. You basically need to set up a blog or website to flog other people’s stuff.

Every time someone buys through your site, you get paid. People have taken the basic affiliate marketing model and expanded it over the years.

Now you can simply build up a following on snapchat and instagram, and soon you’ll be approached by companies to tweet or take snaps with their products.

Kim Kardashian makes almost $10,000 per tweet, so you know there’s potential here. The catch is you have to be at least internet famous.

There’s simply no reason to rely on one source of income forever. There’s a lot of ways to invest and create sources of passive income.  This will help you handle your expenses much better.

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James

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