Do you want to start a business but don't have the funds to do so? This will interest you. Are bank debts affecting your health?
And no, don't think I'm just talking about those who don't have a lot of money, it's also been shown that this happens to the rich.
You can start eliminating some of that financial stress by earning extra income without having to quit your full-time job.
If you are looking for money or just want to find the best way to invest, you can start by doing the following.
How to earn extra money during the pandemic:
- Start a service business
Starting a service may be possible without the need for a large online presence. The easiest way to get started is to tell people what you have to offer and ask them to help you get noticed.
- Investing in real estate
Becoming the “property king” isn’t always practical when you have a full-time job. But nothing is impossible and you could look into buying a small house in another state and using it for vacations, then while it’s empty, rent it out!
The price is relatively “cheap” even if you hire someone to manage your rentals while you are away.
Commercial real estate can be a great way to invest and make money passively. Start by investing small.
- Launch your resources online
Taking advantage of Amazon's huge influence and creating your own online store is admirable, but managing it requires many things, such as manufacturers, finding your market, following up on potential buyers (including complaints), among others.
Instead, you can sell and develop a product on Amazon without having to worry about it. Some sellers even ship their products directly to Amazon without ever touching them first.
- Be a host
You can make money by “hosting” events. Pick a topic and organize it. It’s all about getting sponsors so you don’t have to invest a lot of money.
- Get paid for what you know how to do
Take advantage of your free time and become a master (literally) of what you love to do. For example, I love skydiving and can get certified to do it.
Teach people, offer qualifications in exchange for their services and get paid for it, as long as you are a qualified person to do so.
Here are some tips:
- Online consultancies
Consulting is a great way to capitalize on your professional knowledge. Your knowledge in finance, law, psychology, marketing, business, management and other areas are your tools to generate extra income or even a full salary in good months.
Be clear about your strengths within your area of expertise and reach out to the audience that might be interested in hiring you. Web tools that will help you give advice are:
Zoom: It is a very popular video calling platform.
Skype: Classic and well-known choice for conducting your consulting sessions.
Youtube: Upload videos sharing part of your knowledge, include your contact details for consultancies and gain greater professional visibility.
Launchrock.com: Website specialized in designing a landing page (sales landing page) useful for selling your services without having your own website.
Canva: It is a design website where you will find ready-made templates to create your cards, advertising, promotions, cover letters and other professional documents.
- Sell products and information
Infoproducts are an effective and fun way to generate extra income. A product made from your knowledge where you will invest some time in its creation and then you will only have to take care of its promotion.
Infoproduct ideas: An e-book, Excel forms or templates, recipe book, CV formats, college notes compilation, video courses, premium photographs, recipe books. And many more.
- Affiliate Marketing
It is the most economically profitable way to generate significant extra income. If you don't feel ready to create your own information product, why not promote someone else's?
To be successful, it is important to choose a good product that you feel connected to and sell.
The sites that have an affiliate system that we recommend you look at are: hotmart, ebay, amazon, clickbank, udemy, domestika, etsy. They all have products for sale in Spanish.
Here are some tips:
- Transcribe audios
If you have some free time, try starting to transcribe audio to text to earn some extra income.
Transcription requires a lot of professionalism. It is important that you read the instructions carefully, use good grammar and respect the deadlines. You also need headphones and a lot of attention.
- Research
One of the quickest and easiest ways to earn extra income is by completing surveys. Despite all the myths surrounding it, it is still a legitimate and proven way to earn extra money at the end of the month.
Earnings depend on the time dedicated and the availability of surveys per country.
- Create a niche blog
While this idea may generate some extra income at first, if you do it right, you can generate enough income to make a living from your blog.
- Sell what you no longer use on OLX
You certainly have things that you no longer use and that all they do in your house is collect dust and get in the way.
You don't want to give it away because you feel like this is a way to learn how to invest your money, but you don't know where or who to sell it to.
