Have you recently lost a job, or are you unemployed? Are you looking for ways to make money on the side? Read on for helpful tips on how to make extra money using resources you already have. You can succeed if you stay committed to your short- and long-term goals. Read on for some pointers from The Purpose of Money.
1. Become a Freelancer
Time management is one of the most essential skills to have as a freelancer. Delivering work on time to keep clients and help ensure repeat transactions is crucial. Effective communication is also essential — you must know how to get the right message across to avoid delays, misunderstandings, and other problems.
Before you begin, list all your job experiences and transferable skills first to help you find the freelancing jobs that suit you. You can find freelancing jobs through Upwork, PeoplePerHour, or Freelancer. If you have a portfolio, create a website to attract more clients. You may also want to consider cold emailing or cold calling to look for more prospects.
2. Start a Drop-Shipping or Affiliate Marketing Business
Drop-shipping is similar to a standard retail business model, except you don’t have to stock inventory. You also don’t need a large sum of money to start a drop-shipping business; you only need a professional website and a reliable merchant to fulfill the orders. Focus on a niche, and don’t forget to market your business to reach out to the right audience.
Shopify notes that with affiliate marketing, you earn money by referring or recommending products or services. It’s easy to start, and you don’t need to invest significantly. As is the case with drop-shipping, it’s better to have a niche market to drive relevant traffic and increase conversions.
3. Make Money Playing Video Games
Are you aware that you can monetize your video game hobby? If you’re highly skilled with a particular mobile or PC game, set up a blog or a YouTube channel about gaming strategies to successfully complete that game. Statista estimates that the global gaming market may reach $268.8 billion in 2025. You can tap into this and make some decent money by sharing gaming strategies and tips with your followers.
If you prefer playing Minecraft, make an enticing online banner to help market yourself. It’s easy — select a banner template and customize it. Use attractive fonts and high-quality designs, images, and backgrounds to help you create a catchy banner.
4. Take Courses to Sharpen Your Skills
Now may be the perfect time to go back to school to get certifications or for your college-level degree to advance your career or boost your earnings. Take online classes, which can be more affordable and accessible. If you have a penchant for technology, it’s possible to get industry-standard certifications. Make sure the program you choose is accredited and know that certifications are stackable, so you get a complete set of the latest IT-related skills.
5. Monetize Your Talent or Skills
Find time to think about your talent or skill and how to monetize it. For example, if you can speak fluent Korean or other languages, find translator jobs online. You can even teach English to foreigners who want to learn the language.
For clients to find you, create a profile highlighting relevant expertise and experience. Potential clients can check your profile, experience, pricing, and reviews to help them decide if you’re a good fit for them. Don’t forget to include a professional picture.
Start Earning Money Today
Working as a freelancer and making money by drop-shipping, playing video games, and working as a translator, can help you generate more income. Also, remember the importance of sharpening your skills by taking online courses like those in IT. And lastly, you can earn more if you know how to communicate with clients and you can commit to your goals.
The Purpose of Money helps people find financial freedom and build generational wealth. Contact us today to find out more!