So you read my last post about how to get rich, and you have decided that you want to earn more money, but you aren’t sure how?
Well, I’ve got a treat for you today folks, straight from my bearded mouth of wisdom. Below I’ve listed out 14 different ways that you can earn more money, starting today. Some of these are short-term plays, others will take a bit longer to start generating cash.
But before we get to that, I wanted to share this article by Grant Cardone that I came across yesterday. Now, I’ll be honest, I’m not a huge fan of Grant’s, but he said some things here that completely resonated with me. For example:
I can promise you that will not get rich by skipping your daily latte. Look, if you don’t have income then there is no money to save. Don’t let anyone give you the idea that you need to skip your Starbucks coffee and save $3 a day and that will somehow turn into a fortune.
You can skip your $5 Starbucks every day and save $10,000 over the next five years, but if you think $10,000 is going to change your life, you’re not just broke, you’re being stupid. Of course you should spend less than you earn, but if you make $50,000 a year with a couple of kids, what money is there left over to save?
Sound familiar? He must have read my article yesterday on why budgeting alone won’t get you to where you want to be financially.
- 1 14 Ways to Earn More Money
- 1.1 1. Become Indispensable and Get a Raise
- 1.2 2. Sell Your Crap Stuff on eBay/Craigslist
- 1.3 3. Get a Second Job Delivering Pizza’s
- 1.4 4. Join an MLM business
- 1.5 5. Freelance
- 1.6 6. Become an Uber/Lyft Driver
- 1.7 7. Day Trading
- 1.8 8. Start a Blog
- 1.9 9. Start a YouTube Channel
- 1.10 10. Start a Podcast
- 1.11 11. Retail Arbitrage with Amazon
- 1.12 12. Start a Physical Products/E-Commerce Business
- 1.13 13. Develop Software that a Business Needs
- 1.14 14. Create a Productized Service
- 2 Can You Earn More Money Today? Absolutely.
- 3 Can You Spread the Word?
14 Ways to Earn More Money
Now, on to why you tuned in today. Here are 14 different ways that you can earn more money, in some cases starting immediately.
1. Become Indispensable and Get a Raise
This is easy. You’ve got a job. You like your job. You don’t want to leave your job, but you need to earn more money. There is only one way that is going to happen – you need to provide more value to your employer. But before you go running into the boss and asking for a raise, you need to develop a strategy. Don’t go in blind. (Hmmm… I’m smelling a future blog post…)
You also need to be somewhat self-aware, you need to know what you are good and bad at. If you aren’t sure, ask a co-worker who you trust to be honest with you. If you are a terrible employee, asking for raise just might get you fired. But if you are a rock star, then you need to prove to your employer why you deserve more money or be prepared to exit the company for another job. If you are worth it, they will pay it.
2. Sell Your
Crap Stuff on eBay/Craigslist
Let’s be honest, everyone has some stuff sitting around their home or apartment that they don’t need or don’t want. And chances are, that stuff is just picking up dust and making to pad look messy, or otherwise stealing some valuable storage space.
My garage is full of this crap. I’m not allowed to call it crap though – it makes my wife angry… But that’s another story for another day.
The point is, look around for a couple of things and throw them up on eBay or Craigslist. Amazon might even work for newer crap that you never even opened. I bet if you tried, you have at least a couple hundred, if not a few thousand dollars worth of crap that you could sell today.
3. Get a Second Job Delivering Pizza’s
This one is easy. A second job doesn’t have to be full-time and you can sometimes get quick cash in the door. I spent my Senior year of college and the first couple of years after I graduated delivering pizzas for Papa John’s and Domino’s. Did I enjoy doing this?
But I did make a couple hundred bucks each weekend on Friday and Saturday night instead of blowing that money and going into debt with some friends at a bar with nothing to show for our efforts except a hangover.
4. Join an MLM business
MLM stands for multi-level marketing.
I’ll be honest, I’ve never been involved in an MLM business, and I have no interest in getting involved in one. But I do know that one of my wife’s good friends is a rep for Rodan + Fields and she is making a killing (at least she outwardly appears to be doing so). I mean, they are sending her on trips and bought her a car, so the opportunity appears to be there.
As with any business opportunity like this, do your research and make sure you are committed before you put up the initial investment in the business.
Do you have a specific skill or talent that you are good at, such as graphic design, writing, web design, editing, etc.? Consider posting a job on Upwork or Fiverr to see if you can get some side gigs. In many situations, this may actually be a better option than getting a second job and can provide almost immediate work for you.
Here are just a few of the skills that freelancers are needed for:
- Designers and Creatives
- Programmers and Developers
- Administrative Support
- Writers and Translators
- Finance professionals
- Sales and Marketing
Pretty much anyone can find something they are good at that they could get hired to do as a freelancer.
6. Become an Uber/Lyft Driver
Once again, never did this and never could (my car is too messy), but this is another great alternative to getting a second job. It might also be a good full-time job for you depending on where you live and how popular the app is in your area.
I was recently in San Diego for a marketing conference and started talking to the Uber drivers who were giving me rides. They were everyday people just looking for some extra cash. One of the guys had just moved to San Diego and was using driving for Uber until he found full-time employment elsewhere.
7. Day Trading
This is something that I’ve always had an interest in, but have never had the cajones to start doing. But if you are good with numbers, and can spot trends through technical analysis of stock charts, this may be a viable option for you to start earning some extra cash immediately.
If you don’t have the first clue what a stock is, then you probably should do some research first. There are also free books and resources on day trading at your public library as well as free and paid courses that can teach you how to do it online. I highly recommend that you do your research before you jump into day trading.
8. Start a Blog
Starting a blog is a great way to start a business online. However, it takes time and patience and lots of research. You have to find a need in the market and deliver value. If you start blogging about any random topic, you will probably never earn any money.
In addition, the days of throwing up a niche blog site and earning income from affiliate sales are long gone. It’s still possible to do, but it takes a great deal more time and effort to get ranked in the search engines.
So while starting a blog is a great long-term play, you won’t see any ROI for many months or even years.
And fyi, if you are interested in starting a blog, click here to check out my in-depth, step-by-step tutorial on how to do it.
9. Start a YouTube Channel
Are you good on camera? Then a YouTube channel may be just the thing for you. But once again, you need to have a bit of self-awareness here. You need to understand your limitations. You also need to understand that, like starting a blog, starting a YouTube channel and getting traction will take some time.
For more information on “vlogging”, I highly recommend Amy Schmittauer’s book, Vlog Like a Boss, which can be found on Amazon (affiliate link).
10. Start a Podcast
Ever since John Lee Dumas took the entrepreneurial world by storm with EOFire, podcasting has been all the rage. You probably listen to a number of podcasts yourself – I’ve got a huge list that I follow (another cool blog idea). If you are interested in starting a podcast, here is a link to John’s book on Amazon (affiliate link).
11. Retail Arbitrage with Amazon
I realize that the term “retail arbitrage” sounds scary, but in reality, it’s not. The basic idea is that you buy stuff that is on sale, and then sell it online (on Amazon) for full retail price. Amazingly, there are people who do this quite regularly – spend a day buying stuff, a day sending it into Amazon, and then they get paid when the products sell.
Here is a quick article that shares with you the basic process. The author invested 2.5 hours of his time and $150 and made back $100 in profit. $40 an hour is not bad for some extra income on the side.
The key here is that you have to find products on sale, and you have to build in enough of a cushion for Amazon to take their cut and you to earn a profit. If you live in an area without any major big box stores, this strategy could be difficult. But if you live near a Target, Costco, Sam’s Club, Wal-Mart, etc., then you are in business.
12. Start a Physical Products/E-Commerce Business
Taking the idea of selling on Amazon to the next level, you could also start your own brand of products (i.e. white labeling your products) and list them for sale on Amazon. You would need to source the products from a manufacturer, create your own branding, and then send them into Amazon for sale through the FBA (Fulfillment by Amazon) system. Sounds simple, but there are a lot of moving parts here.
Once you get some traction, you could develop your own website via Shopify and sell your own products through that channel. (Frankly, I might recommend that you start with Shopify – there is a lot of competition on Amazon right now as new sellers have flooded this channel during the past 3-4 years).
13. Develop Software that a Business Needs
Again, this is not something that I have ever done or have any interest in doing (at least not right now). But I do recognize software for what it is – a tremendous business opportunity for the right person in the right situation.
I mentioned above that I listen to podcasts, and one of my favorites is Pat Flynn and his Smart Passive Income Podcast. One of his most popular episodes of all time was an interview he did with Dane Maxwell on how to build a software business.
Maybe this is right for you, maybe not. But if you are at all interested, take a listen to learn more about this idea.
14. Create a Productized Service
Last but not least, you could create a “productized service”. This is basically where you take a service that you are already doing, systematize it, and sell that as a product or recurring subscription. The key here is that this must be a recurring need that your client or customer will pay for over and over.
A great example of this is graphic design work. Designpickle has been a leader in this field. They found that many companies need graphic design work on a regular basis. So they have a team of people who will work with you for a flat monthly fee.
Still a little confused about what a productized service is or can be? Here is an article from WPcurve (another productized service) that explains it a bit better than I can do here.
This idea may be a bit out-of-place here. If you have never owned your own business, then this is basically a non-starter until you are actually providing a service to others for a fee, without working for an employer. You need to be at least freelancing before you can even start to think about creating a productized service.
Can You Earn More Money Today? Absolutely.
If you can’t find something here to earn more money starting today, then you are doing something wrong. Notice that out of these 14 ideas, only one of them requires you to find another job. The rest involve you adding more value to the world in the form of services, education, or software.
Become a producer. Provide more value.
The money will follow.
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