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5 Ways to Earn a Second Income

5 Ways to Earn a Second Income PhotoIf you are looking for a way to boost your income without taking a traditional second job, you can find several options. No matter your skill level or years of experience, you can find something that is suitable for you to do. The key is to choose the one that will work best with your schedule, skills and talents, and provide the amount of money you need. Here are five options to consider.

Develop Your Own Service Business

If you do not want to work for someone else but have the time to put in several hours each week, you can offer a service to your local community. Depending on your interests, you can do one or more of the following:

  • Dog walking
  • House sitting
  • Babysitting
  • Run errands for homebound people
  • Clean houses or businesses

Some of these jobs will offer more in salary than others and some will provide more steady work than others. You may even want to combine services that are compatible, such as dog walking and cleaning houses, to keep your income steady year-round. Once you get a few jobs, others will come easier because of referrals. You can even get business cards made to hand out to people or have them give to their friends.

Teach a Skill

If you have a hobby or interest that you are really good at, you can teach others. You will find more demand for some skills such as playing an instrument than with other skills, but there are plenty of other options if you are not musically talented. For instance, you could:

  • Tutor a child in a school subject
  • Teach sewing or craft skills
  • Teach woodworking skills
  • Give private lessons for sports
  • Give baking and cooking instructions

Just print up flyers and place them in your community and you will get contacted by people who are interested. You can also place an ad in your local newspaper and tell your friends and family to spread the word.

Become an eBay Seller

If you are good at finding bargains, this may be the perfect job for you. It will take a small investment, but you can purchase items to re-sell on eBay. Another option is to sell for other people and take a commission.

This will not take a lot of your time, but you will have to be available to answer questions from buyers and be prepared to ship the item as soon as it’s paid.

Before you begin this business, you will want to do some research. Find out what sells and how things are priced so that you can make a profit. You will also have to decide if you will only sell to certain countries or if you will ship worldwide.

You can also set up your own online store and auction off certain items on eBay. That may entice your buyers to look at other items and make additional purchases. It can take a lot of effort, but you can make a nice income as an eBay seller.

Become a Freelancer

If you have skills that others need, you can become a freelancer and work from your home. You will find numerous bidding sites on the internet that allows you to look for jobs and submit a bid. The most popular skills are writing, graphic design, and web design. However, you will find categories for numerous other skills, including data entry, legal, and other areas.

This option allows you to be at home and to choose when you want to work. You can have just one job or multiple if you want to increase your income. It can be just for spending money or can help you pay off bills or save for a vacation.
Numerous websites are available to help you establish yourself as a freelancer. These include:

Do Affiliate Marketing

Affiliate marketers sell other people’s products with no cost to themselves. The great deal with this job is that you can do it all online from the comfort of your home. It works around your schedule so you can do as little or as much as you want.

As great as the benefits sound, don’t think it’s easy. It takes a lot of work to make good money with affiliate marketing, but it is possible with dedication and the right resources.

It’s best to start off with a product you have tried so that you can give a personal review. Those always carry more weight with consumers who are researching the best item to buy. It’s also easier for you to learn how to market something that you understand rather than an unfamiliar product.

Before you begin marketing products, you should do some research to learn how to do it right. There are people making a full-time living doing this kind of work and they are happy to share their secrets. They will give you guidelines on how to setup a website and where to promote your product.

The Reality

It’s often easier to earn a second income by finding a part-time job with a stable salary that you can count on. However, if you don’t want to give up any more of your free time to working outside the home and you are willing to put in the effort, you can make a good second income with any of these suggestions.

Another positive for all of these jobs is that you control how much you make to a certain extent. The more work you put into them, the more money you will get out of them. They all have the potential to not only add to your income, but to replace your primary source of income. Many people who have these kinds of businesses are doing it full-time and making their entire living from these options.

Whether you want to earn extra money on the side or replace your current job someday, these five ways to make money can work for you. Choose the one that interests you the most, be dedicated to it, and you will see money start coming in.

  • http://www.thefrugalpath.com justin@thefrugalpath.com

    My restaurant works with a guy who delivers all of our big carryout orders. He makes about $20 for a 1/2 hours worth of work. He also buys groceries for shut ins and other odd jobs for them. He makes good money and his schedule is pretty flexible. The one downside is that he is always on call. If he refuses too many jobs, then the restaurants and shut ins may stop calling him which would hurt his income.