The days when most people worked for the same company until retirement are over. Not only do employees switch jobs with more frequency than ever before, many people acquire several different sources of income without ever working full time for a single company. In fact, several ways to make extra money are available to you right now.
If your attic and garage are full of junk, you can hold a garage sale either online or offline. An online garage sale is perhaps more problematic because you will have to mail items to purchasers, but the advantage is that the whole world is your market. You can set up your own website or use an online auction service such as eBay that will transfer money directly to PayPal, an online bank. You can then transfer these funds to your local bank account or withdraw them directly from ATMs using a PayPal debit card.
The Internet revolution has created many opportunities for freelance writing. Publishers such as Demand Media pay either set fees or revenue shares for articles you write and upload to their sites, and payment is delivered via PayPal. Since you may work as much or as little as you like every month, you can schedule your writing around other activities that are important to you. You will receive an author's byline for each article, which can help you earn freelance income from other sources and establish you as an expert in your chosen field.
Starting your own website devoted to a topic in which you have expertise can make you money in at least two ways. First, you can sell e-books related to your topic that can be downloaded directly from your site. Second, you can insert pay-per-click ads using programs such as Google's Adsense, which will earn you revenue every time someone clicks on an ad even if they don't buy.
Investing your money rather than allowing it to draw interest in a savings account can dramatically increase your wealth over time. Although stock market prices continue to climb every decade, with consistent effort you can become competent in the use of other investment strategies such as options trading and foreign exchange trading. Act prudently, think long term and don't rely on brokers so much that your profits are drained by consulting fees.
- Marketing Push; Three Simple Ideas For Making Money Online; Albert Maples; April 2011
- The Wisdom Journal; 26 Ways To Make Extra Money While Keeping Your Day Job; May 2008
- Microsoft Money; How to Make Money From Your Blog: 5 Tips; Jeff Wuorio
- Grant's Investment Property Solutions: Hints, Tips and Tricks to Making Money
- Photo Credit Jupiterimages/Photos.com/Getty Images
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