MAKE EASY MONEY!
That has to be your rallying cry. In personal finance, too many gurus preach about the need to scrimp, save and set a budget but far fewer speak of the need to make more money.
In life, there are two sure fire ways to make more money, spend less or earn more. It’s pretty straightforward!
In this post we’re going to focus on what you can do to earn easy money (YES PLEASE!)
You can go the conventional route and start by investing your money in the market or you can go to your boss and negotiating a raise. However, you can make easy money by thinking outside the box! Why not get creative and start a side business? With the tools available nowadays, starting your own business online is easier than ever. Sites like Shopify make it simple to build your own store front so you can start making more money today. Sometimes taking the road less traveled can lead you somewhere bigger and better than you ever thought possible.
Side note: we aren’t going to touch fancy tax strategies here, but many people find ways to bend the numbers to their will and make more money. But that’s a whole other post.
Investing can provide a source of passive income, or money that you earn without having to supply your own labour. Talk about easy money! As long as you have capital, some cash that you don’t have immediate need for, you can invest. You can invest in different assets like real estate, the semiconductor industry, publicly traded companies, art or even a pair of kickass boots. (How much can I get for a pair of Yeezy season 1 boots?)
Ok, so the boots may not be the best investment but there are people who invest in off the cuff items all the time, from famous works of art to ancient coins. As long as the value of what you are putting money into rises, you should be able to make some easy money. NO EFFORT REQUIRED! (Ok, maybe a small one….but you get the idea)
To learn more about investing check our course ‘Creating your Investment Strategy’ You’ll be investing like a pro in no time.
Negotiate a raise
This may not be the sexiest of the options but it’s a very effective way to make easy money!
Are you underpaid in your current position? Are you an incredible performer at your job and expect to be compensated fairly? Do you add value to the company? Are you an important member of the team? Do you want to make more money?
If the answer to any of those questions is YES, then it’s time to go to your boss and negotiate a raise for yourself.
If you get a raise, suddenly you’ll be earning more every single month. An extra $5,000 a year is an extra $50,000 after 10 years! Can you say….EASY MONEY?!?!?!?!
Don’t know how to the pop the question? Wall Street Survivor is here to help. Learn how to ask for that raise and make more money through our course ‘Building your Career’.
Create a side-business
Investing and negotiating a raise are simple ways to make easy money, but there’s a third option with a little more oomph. Why not start your own business on the side?
WRONG! Relax and take a deep breath. It doesn’t have to be hard, and it doesn’t have to be complicated. After all, we’re talking about EASY money ideas in the post!
Thanks to the interest the world has become a much smaller place. For little to no money, you can have access to the global market. You can reach people all over the world, without ever having to leave your house. For the price of a new shirt, you can head over to Go Daddy and register your very own domain name. Or head on over to Shopify and start your own online store. It’s that easy!
If you’re not into the idea of setting up your own website or you don’t have the means to do so, online marketplaces such as www.freelancer.com or Upwork will do the work for you. Just set up an account and let people know what it is you can do.
It’s easy to make more money! You just have to put in the time and effort.
“But, what would I even do?”
“Nobody would pay me to do anything!”
That’s where you are wrong. Everyone has something to offer and even the unlikeliest of skills can be turned into a profitable business that can help you make easy money on the side. Consider the following
Toilet Trained Cat (www.toilettrainedcat.com)
It sounds insane but someone actually has a functioning business based around teaching people how to get their cat to do its business in the toilet. I guess cat owners were tiered of cleaning their pets litter boxes…..plus kitty litter can get expensive.
Aston Lau, the founder of Toillettrainedcat.com, has trained countless cats to do their business in the toilet. He now makes money through books, courses, training session and more!
Charisma on Command (www.charismaoncommand.com)
Ever wanted to walk into a room full of people and know exactly what to do and say? Do you wish you could make a good first impression, every time? Now you can learn those skills and more at Charisma on Command.
The popularity of Charisma on Command on YouTube (www.youtube.com/user/charismaoncommand), helped turn the channel into a real money maker. Not only does this online business make money through YouTube views but also through online courses, coaching sessions and public speaking. Their premier course costs $597 or 6 payments of $99 – given that the costs of running a website are often low, online courses are a great way to make more money.
Fuzzy Yellow Balls (www.fuzzyyellowballs.com)
Have you ever wished you could learn to play tennis….from the comfort of your own living room?
Now you can!
Fuzzy Yellow Balls is a company that offers online tennis lessons. They charge their members a fee and in turn they use they’re knowledge of the game to help their clients improve. For example, they’ve got a cool serve analyzer that will tell clients what area of their serve needs improvement. A subscription based pricing model is a great way to make easy money.
The founder of Fuzzy Yellow balls found a way to use his tennis skills to make more money. What skills do you have that can be turn into a profitable business.
Let’s say you happen to get that raise and are in the market for a new watch. Problem is you don’t know which to choose.
Should you go for the Longines single-button fly back chronos? Or perhaps the polished silver of the Rolex Milgauss 1019 would pair better with your Aston Martin DB9.
Oh, how is a man to decide?
This website offers fantastic reviews on high end wristwatches. Once a small blog, this side business is now an award-winning magazine, making money primarily through advertising and is solving the watch crises of rich people everywhere!
Keep an eye out for #watchwednesday
There you have it. These four thriving online businesses (to name a few) prove that any skill can be turned into an easy money making venture.
What are you good at?
What are you interested in?
Can you build a business around it?
TRY IT OUT! What do you have to lose?
Still adamant you have no skills? Then pick something and get good at it. Then make easy money doing that.
Always wanted to learn how to use photoshop?
Invest the time and then maybe make some really awesome how-to videos for beginners and upload them to YouTube. From there, link to the website you created where you have premium paid content, online courses or an ebook.
Or find clients on Elance and offer your newfound services to them. Make easy money there too. The opportunities are endless; all you have to do is get a little creative.
Still not sure how to start your own business? Learn how to become the ultimate entrepreneur with Entrepreneur 101.
So, what side business will you start?