By Jerry Mooney
Everyone dreams of boosting their income and making more money. The question is, can you make that dream a reality? Can you find a way to multiply the amount of cash you earn each month? It’s particularly useful to know how to do this if you are living on a minimum wage. Or, if you’re at a position in life where you’re not available for a full-time job. Students, for instance, have to make to do with what they get from a loan and smaller, part-time positions. Here are some of the best ideas for people who are serious about increasing the amount they make each month.
Sell on eBay
There are few ways to sell on eBay to make a large profit. Let’s think about exports and imports first. The basis of this idea is simple. You need a pick a product that you can’t buy in your home country. You can then import it by purchasing it in bulk online. Better yet, travel to that area and pick up the product for yourself. Once you return home, you can sell it online for max profit and no delivery costs for the buyer. Due to there being no delivery charges, the buyer believes they are getting the best deal. As such, they are willing to pay a higher price. Before long, you’re making money purely by selling items on at a profit. Just try not to take this idea too far. You never know when there might be a slump in demand. Do buy in bulk but don’t purchase excessive amounts of the product.
The second way to use eBay is by targeting a specific collector. If you do this, you can work to buy products yourself from this set. Aim to only make purchases if they are at low enough prices where you can easily profit. There’s no point in spending one thousand on a rare item if no one else is going to pay that much. You want to avoid becoming the buyer that you’re trying to exploit. Don’t get involved with bidding wars. You can buy less rare items from sets and sell them on to make smaller profits. Don’t be greedy.
Cash On The Side
If you do have a full-time job, you can make more money by completing side jobs or a hustle. There are plenty of choices here. Perhaps the best for a student or even a working professional would be a tutor. If you have knowledge or experience in a certain skill or subject, impart this knowledge onto the younger generation. You won’t be able to advertise as an official tutor, but that’s okay. As long as you can show some knowledge or skill, parents will be willing to pay for your service. They will be more likely to buy from you because you’ll be offering services at a discounted price. Take a lesson or two each day, spend an hour, and you’ll easily make three hundred and fifty dollars per week. That’s an estimate, but we wouldn’t be surprised to see the amount you make being close that. Particularly, once you build up a strong reputation.
Pay Online
Have you ever thought about blogging? When you start blogging, don’t think about it as a way to make money. Instead, you want to consider it an opportunity to have some fun. Write about something that is interesting or appealing to you. Don’t bore yourself because then your writing will almost certainly be monotonous. You won’t attract the attention you need from readers to make cash. If you’re passionate and have a unique voice, there’s the potential to add thousands to your monthly pay. You just need to build up enough readers that you start to attract promoters. Once promoters sign up to advertise on your blog, they’ll pay you for space. You can even make this into your full career and earn more than you are making right now.
Using Your Assets
Finally, you can consider using your assets to make extra money and reach a higher quality of living. You can use any assets you own to make some extra cash whether that’s a vehicle or property. Rent out your vehicle and you’ll probably earn close to sixty dollars every time. How much you earn is going to depend on how much you rent it out. You’ll need to arrange insurance to so that you’re protected if the vehicle gets damaged. But, if you choose the right price it won’t be an issue.
You see, there are plenty of ways you can boost your income. So stop living off your measly paycheck and start making more money today!
Jerry Mooney is co-founder and managing editor of Zenruption and the author of History Yoghurt and the Moon. He studied at the University of Munich and Lewis and Clark College where he received his BA in International Affairs and West European Studies. He has recently taught Language and Communications at a small, private college and owned various businesses, including an investment company. Jerry is committed to zenrupting the forces that block social, political and economic justice. He can also be found on Twitter @JerryMooney