Personal finance software can go a long way in helping you to take control of your money and meeting your financial goals. It’s important to note, however, that some focus more on budgeting and expense tracking while others prioritize investing portfolios and income taxes. Explore several different programs and read reviews to find the one that’s right for you.
Salvage and resell. Do you love antiques or have a knack for finding valuables at flea markets or yard sales? If you do, it might be time to consider salvaging items for resale – or even scouting out antiques to sell for a profit. While you’ll need to spend quite a bit of time searching for prospects and spend some money buying upfront, you could easily turn a profit if you know what you’re doing.
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As someone who's been immersed in a number of online industries for quite some time, I know a thing or two about what it takes to succeed in this arena. However, just like you, I started at ground zero with little knowledge, but a great deal of passion. What I learned along the way were some invaluable lessons from failure that hurt at the time, but helped immensely in the grand scheme of things.
CNBC calls Acorns “the new millennial investing strategy.” Once you connect the app to a debit or credit card, it rounds up your purchases to the nearest dollar and funnels your digital change into an investment account. With the app, you’ll start small and stack up change over time with the Acorns “round-up” feature. That means if you spend $15.25 on your connected debit or credit card, for example, 75 cents gets dropped into your Acorns account and gets invested.
The best thing about eBay – the abundant traffic – is also the worst thing. Barriers to entry are low on eBay, meaning competition is fierce. When competition is fierce, profit margin is slim. Unless you can find some form of competitive advantage through your supply chain, how you create listings, or you have a means to increase volume, you’re not going retire rich thanks to eBay.
Rent out a parking spot. If you live in a busy or congested area and have parking to spare, you might be able to rent out your parking space for some quick cash when you’re not using it. Simply advertise your open parking space online including details on the location, whether it’s covered or uncovered, and your desired hourly, weekly, or monthly fee. If you want, you can even use a site like Just Park or download the Spot App to reach more potential customers.
It’s sometimes hard to comprehend just how much people love t-shirts. And with the right niche, marketing, and tools, you can create an online t-shirt business that makes you extra money online while you sleep. (Even Bloomberg and Forbes feature stories from entrepreneurs who've done just that.) Services like TeeSpring make it easier than ever to create a t-shirt drop-shipping business where they handle the sales, printing, and shipping, and you’re only responsible for design and marketing. For more tips, check out this simple guide to launching and marketing an online clothing store by my friends over at Selz.
There are entire books written on how to become a virtual assistant, so this job is definitely worthy of more research. My advice: Focus on one niche (I just hired Lisa Morosky of VA for Bloggers, for instance.) Also, reach out to potential customers directly and let them know what you can do for them instead of hitting up freelance web sites. Finally, you may want to consider resources such as AssistU, which provides training for up-and-coming virtual assistants.
At one stage early in my career when my online income wasn’t consistent, I was part of a business grant program run by the Australian government designed to assist entrepreneurs with money to pay for life’s necessities so you can focus on growing your business. The idea is that when your business is successful you will eventually hire people and pay taxes, thus the government reaps a return on the investment.
I think what you’re asking is how you can make extra money to pay your real estate taxes. If that’s the case, it depends on your current financial situation, the amount of your estate taxes, your skills, and more. If you visit the “Make Money” section of our website, we have a few articles with different ideas that may be helpful for your situation: https://www.dollarsprout.com/category/make-money/
If you understand the basics of keyword research, you can make a good monthly income from eHow. eHow pays you a percentage of the ad revenue they make from each “How to” article you create. You can crank out a few articles a day with relative ease. Try this for a month; assuming your article titles match up with what people are searching for in Google, you can make a significant income. The great news is that you write your articles once and get paid month after month. I’ve seen figures of $100-$150/month for 30 articles. Make money writing for eHow.com.
Initially I didn’t mind writing paid reviews as the income was pretty good in terms of how long it would take and how much I earned. I could make as much as $250 an hour, which was great at first, but as my motivation focused more on freedom and less on money, even this became a poor incentive. Plus I never did like that I was told what to write about rather than choosing subjects I enjoyed.
You may decide to create free videos as extra content for your blog, and not sell them at all. If this is the case then you can still make money from these videos by selling advertising space on them (in the same way as discussed for monetizing podcasts). Once you have high volumes of traffic visiting your blog, and watching your videos, you can charge businesses to advertise at the beginning of your videos. Use website’s like Izea to help you connect with companies willing to pay to advertise on your blog.
Clearly, there's a lot of demand on Amazon, and if any product is going to sell, it's going to sell well on Amazon. But the goal here is to source the right products that will easily sell at the world's largest online retailer. Generally, products between $10 and $50 sell very well here. Just be sure to do the right market research before jumping on this bandwagon.
You can earn above average rates of return because peer-to-peer lending eliminates the bank function. That means that you participate in nearly the entire interest rate being paid by the borrower, rather than the less than 1% that you will typically earn on certificates of deposit. And you can reduce your risk by investing in slices of hundreds of different loans.
If you’ve got experience and expertise in a specific area of business, there are hundreds if not thousands of business owners who would love to jump on a phone call and pick your brain. This can be an easy way to make extra money online and to hone your skills to use in your consulting or freelance business. Sites like Clarity.fm let you create a profile where entrepreneurs and business owners can pre-pay to book a phone call with you for a set amount of time. Whether you’re an expert in raising money for startups, building apps, or running a restaurant, you can make extra money selling a few minutes of your time to people in need.
Selling graphic T-shirts is big business. Customized T-shirts with clever sayings or graphics are ideal for online sales. Sites like Teespring allow you to sell customer shirts. Teespring’s unique model allows you to design the shirt and get buyers lined up to purchase it. This saves you from the initial investment in stock and the time on processing and shipping orders, though you’ll likely make a smaller profit on each shirt sold.
Wow! So Jenn gave her personal experience and really didn’t seem rude about it at all. But by responding with name calling and a rather explosive and rude response, you, Doesn’t Matter, are the one that looks like a jerkoff. “You look so freaking inconsiderate. The age of entitlement……….ho hum.” Umm… might want to take a look in the mirror on that one.
While some of these are great ideas..others, like Mechanical Turk seem to take a lot of time for very little $. The eHow seems to work. Another suggestion while you are looking for work is to list your resume at sites that pay you when potential employers download your resume. They collect a fee and give you part of it. Resumark.com even pays you when people you’ve invited have their resumes downloaded. I think it’s about $1 for your own resume and $.50 for people you’ve invited..again, not going to get rich but might as well get paid for looking for a job!
Hold a yard sale. If you have a yard or garage and plenty of items to sell, you can have a yard sale as early as tomorrow. By advertising your sale on local Facebook pages and Craigslist, you can also skip the paid newspaper ad and keep all of the profits for yourself. If you don’t have time to price everything, try asking patrons to “make an offer” or grouping similar items on tables with an advertised price (e.g. everything on this table is $5).
Some businesses may be interested in adding other types of paid content to your website. This could include videos, podcasts, or any other material that would work with your site and help a business market itself. Always make sure that paid content isn’t too promotional. It needs to add value to your audience first and foremost, and not just present as an advert.
A website called AchieveMint gives you points for engaging in healthy activities, like exercise, tracking your eating habits, or even taking health related surveys. Points can be redeemed either for cash (10,000 points are worth $10) or for Amazon Gift Cards. The app actually connects with other health apps, like Fitbit and MyFitnessPal, to track your progress.