Creative Ways to Earn Extra Money www.americandebtcounseling.org August 2009 Presenter: Barbara Stark
Do your months stretch further than your money? Sometimes, all you need to bridge a budget gap is a few extra dollars a month. So…. If you’ve cut your expenses as far as they’ll go, here are some creative ways to put some extra padding in your pockets!
20 Creative Ways to Earn Extra Money <ul><li>There’s an infinite number of ways to generate </li></ul><ul><li>extra cash. The best ideas are: </li></ul><ul><ul><ul><ul><ul><li>Realistic </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Flexible </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Available </li></ul></ul></ul></ul></ul><ul><li>Possible without a big upfront investment </li></ul>
Money Making Idea #1 Do freelance work. Almost any job can be done on a contract or freelance basis. Check out sites like www.sologig.com , which can lead you to contract, consulting, freelance, and part-time project opportunities in your field.
Money Making Idea #2 Give Your Opinion – and Get Paid! Contributing an hour of your time in a focus group can earn you about $100, sometimes more. Online surveys, phone surveys, and product trials can earn you up to $150. Check out www.freepaidsurveys.com and www.findfocusgroups.com
Money Making Idea #3 <ul><li>Sell your Photos to Stock Agencies. </li></ul><ul><ul><li>No need to be a professional! Anyone can submit their photos </li></ul></ul><ul><ul><li>to stock photo agencies like www.shutterstock.com . If your </li></ul></ul><ul><ul><li>images are accepted, they will be made available for download </li></ul></ul><ul><ul><li>by subscribers. Each time someone downloads your photos, you </li></ul></ul><ul><ul><li>get 25 cents! </li></ul></ul>
Money Making Idea #4 Sell your Junk. Take the stuff you aren’t using and hit up local thrift stores on 99-cent days and garage sales looking for things of value and sell it all on eBay . The trick is to sell what you know so you can price them right.
Money Making Idea #5 Start Pet-Sitting. If you’re a pet lover, you can make some good money in pet sitting, sometimes upwards of $65 per day. Advertise through word of mouth and you’ll be surprised how many pet owners will be interested in your services.
Money Making Idea #6 Put Clothes on Consignment. This is an especially good way to get rid of clothing like old cocktail dresses and anything in good condition. You share the money from the sale with the consignment shop, but it’s an easy way to squeeze some money out of clothes that would otherwise just take up closet space.
Money Making Idea #7 Have a Home Cooked Sale. Do you make killer chocolate chip cookies or delicious empanadas? If so, why not sell them to co-workers and other businesspeople in the area? Put the word out and take orders beforehand if possible.
Money Making Idea #8 Teach or Tutor Your Passion. If you have a true passion for something, it’s worth your time to turn that passion and talent into some additional income. Look for community centers where you can earn a small fee by teaching a particular artistic or musical skill to a group of people, or give individual lessons.
Money Making Idea #9 Create Videos. If you have a digital camera capable of taking videos, you can turn your creativity into some money online by making videos and uploading them to a revenue-sharing video site. www.MetaCafe.com has a Producer Rewards program that pays $5 for every 1,000 times your video is viewed.
Money Making Idea #10 Write Freelance Articles. If you have skill with the written word, try writing freelance articles on whatever topics fills you with passion. Look for local independent publications and see if you can work out an arrangement to get your stuff into print.
Money Making Idea #11 Teach a Language. If you are fortunate enough to be fluent in a second language, you can make money teaching it to others. Contact the coordinators of the adult education programs offered at your local high school and community center.
Money Making Idea #12 Become a Part-Time Realtor. This may seem like a crazy time to start selling real estate, but in a slow market there’s still a lot of opportunity, especially if you have free time on Saturdays and Sundays.
Money Making Idea #13 Use Your Green Thumb. Just like people need help taking care of pets, they also need help with plants. Make some extra cash by taking care of house plants and even outdoor gardens while people are on vacation. Post flyers at local supermarkets and shops to generate business.
Money Making Idea #14 Run Errands. Offer to run errands for people (dry cleaning, drugstore, post office, grocery story, etc.) and you could earn extra money for your time while also reducing your taxable income from mileage (which the IRS now allows 58.5 cents per mile).
Money Making Idea #15 So, Sew! Do you sew at home on a sewing machine? Many local clothing stores, particularly upscale stores, men’s suit stores and even dry cleaners, need people with sewing skills. Here’s your chance to show off your skills and make some extra income.
Money Making Idea #16 Offer Internet Research Are you an Internet nut? Why not offer your cyber skills in research to local businesses? You may have to do a few freebies to get your foot in the door, but this could be a tax deduction as a startup cost in your quest to generate extra money.
Money Making Idea #17 Join a direct selling company. Direct selling is one of the easiest ways to earn some extra cash, especially if you sell products you love. Avon, for example, allows you to start your own business for just $10 - and your take home pay depends on your efforts. You can sell part-time around your full-time job and family schedules.
Money Making Idea #18 Become a Virtual Assistant. Virtual Assistants today can do just about anything for a business that doesn’t require a physical presence. Many VAs work part-time from their homes for businesses all over the country. You can earn from $30 to $50 per hour. The starting place to find out more is www.elance.com .
Money Making Idea #19 Drive People to the Airport. If you have a valid driver’s license, reliable car, and the ability to be on time, you have all the tools necessary to start a successful car service. Once you have a few happy clients and word gets out, you’ll probably have to turn business away!
Money Making Idea #20 Become a Handyperson. If you’re a natural “fixer” and own the tools, you can help people with the around-the-house tasks they can’t do - or can’t get around to doing. For small jobs that take from 1 to 3 hours, you can make about $25 to $40 cash an hour.
Top Tips for Earning Extra Money <ul><li>Always get everything in writing. </li></ul><ul><li>Always consult with a qualified tax advisor for mileage and other potential deductions. </li></ul><ul><li>Always try to get payment, or at least a deposit, up front. </li></ul><ul><li>Always ask for referrals from your existing clients. </li></ul><ul><li>Always follow all local , state, and federal laws, especially when dealing with children. </li></ul><ul><li>Be creative and flexible! </li></ul>
For more information contact: American Debt Counseling, Inc. A 501(c )(3)non-profit Credit Counseling Organization 14051 NW 4 th Street Sunrise, FL 33323 www.americandebtcounseling.org 1.888. DEBT USA