Monday 18 May 2015

5 Ways To Generate Extra Income

Substitute teaching can bring in extra money.


In tough economic times, it can be difficult to make ends meet each month. By finding ways to bring in extra money, you can avoid getting into financial trouble and create a cushion. Although you will need to put in extra work to raise more cash, you can do it without interfering with a full-time job or family obligations.


Sell Your Stuff


Most people have at least a few extra things lying around that they don't use or don't have room for. Make extra money by selling off the stuff you don't use any more. To get rid of it quickly, list it on sites like Craigslist or local online newspaper classifieds. Increase your chances of a sale by including a picture with the posting that shows the item in the best possible light.


Contract Out Your Skills


Chances are, you have a skill that someone else will be willing to pay for, whether it's baking wedding cakes or writing computer code. Consider your skill set and offer your services out to people at a price; market the business with a simple set of flyers on bulletin boards around town. If you choose to make extra money using the same professional skills you use at work, check with your boss first to maintain goodwill and ensure that you're not violating a non-compete clause in your contract.


Sell Stock Photography


If you love to take photos, you can make money selling them on stock photo sites like iStockPhoto and Shutterstock. Simply upload all of the photos you have on hand and give them tags so buyers can search for them; you will get a certain amount every time someone downloads your pictures. Once you see what photos sell well, take more in the same style to capitalize on the demand.


Odd Jobs


Even in tough times, there will be a need for odd jobs. Depending on your abilities, you might start a small side business cleaning houses, doing yard work, or doing home repairs. Odd jobs aren't just for teenagers; make your business look more professional by creating a business card and a well-designed flyer and pass them out around town.


Substitute Teaching


If you have a flexible work schedule, you can make extra money by substitute teaching. The requirements for substitute teachers vary from state to state, but many allow you to teach with some college coursework. This is particularly effective if you work part-time or if you have days free; you can let schools know what days you are available. To increase your chances of getting hired, visit schools in the area and introduce yourself to put a face to the name.

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