Some business owners (and regular consumers for that matter) will try and come up with myriad of ways to bring in some extra income, especially in a day and age when media incomes are stagnant for many people.
With that in mind, have you been toying with ideas in 2016 as to how to make your wallet or purse a little fatter in terms of the green stuff?
So that you can increase your income this year and moving forward, have you thought about some of these ideas?
- Selling products on the side – From Avon to jewelry and much more, selling a product or products on the side from your full-time job is a good means to earn extra money. In fact, some individuals sell such products as their regular jobs. This allows them in essence to be their own bosses, work from home, set the hours best suited to them and more. If this might sound of interest to you, going online is a good place to start. Doing a Google search of such items will get you going in the right direction. You may also have a friend or friends that sell such items on the side or full-time, so they would be great reference points;
- Overtime hours – While some companies have strict rules on working overtime, many others will allow employees some overtime opportunities from time to time. Get with your boss to see if you in fact are eligible for some bonus hours at work. This is great because you do not have to (unless you so choose) find a part-time job or two on the side. Working extra hours at your full-time job also allows you to build up more experience in your current position, something which could help you with a possible promotion and raise down the road. One thing to avoid, however, is working too many hours to the point where you essentially suffer burnout at some point;
- Consulting – It is not uncommon to see older workers turn to consulting, something which can lead to less stress and still provide a decent stream of revenue. This is especially a good option if you have years and/or decades in a chosen field. Go online and do some Google searches for consulting in your field of expertise;
- Leasing your land – Not everything revolves around your resume when it comes to making some extra money. If you own a sizable amount of land, you could lease it out on occasion for a variety of purposes. Hunting on leased land has become more popular in recent years, especially given the fact that more and more land is being consumed by developers, those same developers that are looking to build office spaces, shopping facilities and more. If you are willing to rent out some of your property for hunting, fishing or other such outdoor activities, be sure to draw up a contract each time, making it clear what the rules and regulations are for anyone spending time on your property. You might also consider renting out space on your property if it is large enough for someone to run a small business from there. With rents oftentimes sky-high in cities and towns, small business owners on a shoestring budget wouldn’t mind saving some money. Having them renting a portion of your property to get or keep their businesses up-and-running until they have more resources to expand one day makes sense. Still another idea is renting out extra parking spaces if you have them on your premises. Neighbors may be willing to pay you on a monthly or yearly basis to use such spots, especially if they are limited where they can currently park and/or have multiple vehicles. While your land is your pride and joy, there could be cash-flow opportunities sitting right under your nose;
- Helping those in your community – From family and friends to neighbors, there are probably a number of extra income opportunities you have not thought of before. Some of these involve helping those closest to you. From babysitting to working on people’s properties, get creative and see how you can pad your wallet or purse. Sometimes knowing you are helping others, all the while adding a little extra to your income reservoirs, is a great feeling.
No matter what you do full-time for a living, are you interested in earning more money?
If the answer is yes (you might be hard-pressed to find those who would say no), then put your thinking cap on and get to work at it.
Being savvy when it comes to earning more money and just improving your overall life is something you should always be thinking about.
What are you doing in today’s challenging economy (business or personal) to make more money?
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About the Author: Dave Thomas covers business and marketing topics on the web.