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Extra Income

Top 5 Ways to Write For Online Income

In these tough economic times, any additional income is welcome. There are several ways to make money on the internet, but one easy way is through writing. You don’t need to be an English expert or a post-graduate in English literature from Harvard.

These are simple and fun, if you love to write, and you don’t need to involve yourself with any marketing (most ways to make money online seem so full of marketing that this is a welcome break!) Here are 5 practical ways you can make some decent amount of money online with your passion for writing.

Writing Reviews

All kinds of businesses need good reviews, and this is especially so for online businesses that need to rely on word of mouth for their promotion. There are many websites to consider. softwarejudge.com that pays up to $50 for a good honest review, whether good or bad.

Better still, visit a site like cnet or any other site that lists a host of products, like software (software review is easy as compared to say cameras because the software can easily be reviewed online) and contact the developers who need a good review. Such products are not usually hard to find as a lot of new developers need reviews for their products. Offer them your services and they should easily realize the importance of a good review from a writer.

Creative Web Domains

All businesses need a perfect domain name that is easy to remember and recollect and talks to the customers. Unfortunately, there are billions of websites and this restricts the availability of their top choice.

Therefore you can use your creativity and name websites for businesses, getting paid in the process. Try out pickydomains.com that pays $25 each time a domain name is picked by the business.

Simple Copywriting for eBay

Here is an idea that is used by a lot of professional writers. Go to eBay and find products that are costly but have pathetic product description. This can range from art and antiques to yachts and boats. Contact the owner directly and assure him that you can attract customers by writing good descriptions. You can charge your client a fee depending on the selling price, say 1% of the price for which the item finally gets sold

Blog with Google Adsense

If you can come up with topics that attract readers, there is nothing like writing a good blog to make money. Google Adsense is a great program but there are others you might consider, like AdBrite. The point is, if you can write on controversial or hot topics, chances are you’ll attract a lot of readers, which translates into good revenue streams. Once a blog is well established, it can bring in a good amount of money with minimal efforts.

Guest Blogging

You can go to a site like payperpost.com that allows you to write promotional guest posts for different blogs, according to their requirement. If you have a blog, it is easy to contact some blog owners directly and offer them a guest blog. Every blog owner needs good attractive content, and if you can provide it, you can make a good amount of money in the process.

These are some of the ideas for people who can use their skill and love for writing to make a decent amount of money working online.

Are there any other ways that you earn income from writing?

photo credit: Markus Rödder

Extra Income

How To Start A Side Job

When you start the journey to financial freedom, the beginning can be difficult.  Not only do you have to stay within your income each month, you also have to dig yourself out of debt.  This can mean that money will be a little tight for a little while as you pay down balances on credit cards.  Sometimes earning a little income on the side may be just what you need to get ahead.  There are many great side jobs that you can take on to earn extra money and get out of debt more quickly.  Let’s look at a few ideas.

Use Your Talents

If you have some specific talents or skills, you may consider putting these to use by becoming a freelancer.  Those with graphic design, web design, marketing, accounting or an IT security degree should be able to easily find side work that will meet their needs.  Any skills that you have can be turned into a little money on the side by heading out on your own and getting a few clients. The great thing about freelance work is that it can done on your schedule and will work well with any job that you already have.

If you want to venture out on your own with a little side job, take an inventory of your abilities.  Can you write, edit, draw or keep books?  It is likely that you will be able to find freelance work that you can handle.  This is a great way to supplement your income and help you stick to your financial goals.

Work on the Weekends

You may also want to head out and find a job that you can do after work or on the weekends.  Right now many retail stores are getting ready to do their holiday hiring.  These stores typically offer flexible scheduling that will accommodate your current work schedule.  In addition, you may be able to get some great discounts that you can use on your holiday purchases.

Another possibility is to get a side job working in a bar or restaurant.  You will be able to work in a fun, fast paced environment and will probably even earn some tips, which can really add up.  If you don’t want to have to schedule yourself or find solo projects, going to work in a traditional environment may be just what you need.

If you are having trouble meeting your financial goals and getting out of debt with your own income, consider adding a little more.  There are many great side job opportunities out there for you to take advantage of.

What side job do you have or are you thinking about starting?

Extra Income

Financial Relief In The Form Of An Empty Bedroom

Mike blogs over at rentingoutrooms.com, it’s his story and tips on making extra money from your home’s extra space.  He’s been renting out his spare bedrooms for the past 5 years for extra income.  He’s going to hit one of his financial goals this year in 2011 and be one step further from feeling financial poor.  This is a great guest post for people wanting to make some extra money if your life situation can accommodate it.

When I bought my townhouse, I didn’t have much money; in fact, I had no money to put down. Ultimately, I ended up financing 100% of the purchase price of the property, which was a mistake on my part.  After I bought my townhouse, my budget was tight for months.  Meaning, I had to budget not only my groceries, gas, and utilities but also the tiny details such as a hair cut or going out to eat.  As you can see, it left no wiggle room for fun.

A year after I bought my townhouse, I wanted to go back to grad school, but didn’t want to take out student loans in addition to the student loans I incurred from my undergraduate studies.

Spare Room equals Spare Cash

I definitely didn’t want to take out student loans especially because I didn’t know what kind of return I would get on them to avoid going into debt for graduate school. I told myself after I get accepted to a graduate program, I’m going to rent out my spare room to a roommate.  I found my first roommate and charged him $600 bucks, which was an awesome feeling being able to collect rent that first month.

The Accomplishments

The rental income has allowed me to pay for graduate school (about $32,000) without falling a single penny into debt.  If I took out loans, I would have been in repayment as I’m writing this article.

In addition, the rental income has allowed me to payback a significant portion of my mortgage debt.  Specifically, I have been able to payback over 40% of my second mortgage (starting balance was $35,500).   At this rate, my second mortgage will be paid off by 2012.

Renting Out a Room

The only regret I have about renting out my room is not starting it sooner.  When I bought my townhouse in 2005.  I lived in it by myself on tight budget.  I wish I had started to rent out my rooms sooner.  As with rental income, if your room goes vacant for months, that’s lost income that cannot be recouped in the future.  With that in mind, I wish I had started earlier.  The opportunity cost of the lost income is endless.  It could have replaced my countertops in the kitchen, it could have put a small dent in my mortgage balance.  I don’t want to think about what I could have done with the list rental income.  I can only look forward and prevent the rooms from going unoccupied.

Extra Income

Want To Work For Yourself? 5 Tips On How To Do It Successfully

Becoming an entrepreneur isn’t necessarily as daunting or scary as it may initially seem. There is a method to the madness, and most entrepreneurs will tell you, it’s a way of acting rather than thinking. This is a key point to remember. It’s not in the way you think about your potential venture or business plan, but rather, it’s in the way you act towards getting there. The five tips below will help you act your way to success!

1)      Figure out what it is you want to do. Yes, that sounds rudimentary and obvious, but really, take the time to think about your passion, your desire, your dream. Without a burning desire to make something happen, it likely never will, because you won’t have the drive to make it happen, especially when faced with the unknown or an obstacle.

2)      Once you figure out what it is you are going to do and dedicate yourself to accomplishing (now here’s the kicker), allow for change. This may seem counter-intuitive, but just remember there isn’t only one way to get to where you want to go, and sometimes, you may take a few detours and end up at a place that’s even better than the one you were originally going for. There may be roadblocks and obstacles along the way (in fact, chances are there will be). So just remember, at each step of the way, take a look at where you are and act according to where you see your goal, whether original or modified, and what you need to do to get to the next phase.

3)      Networking is key to making your business successful. Chances are you have everyone you need to make your business a success within just a few degrees of separation. Send emails to your friends, old colleagues, family, etc. Reach out to new people you’ve never met in industries and roles that you think you need to learn about. Go for informational sessions just to find out what they do, how things happen, etc. The more you can network, the better. Try finding local networking groups in the area. Meetup.com, LinkedIn Groups and other services can guide you to finding just the people you need.

4)      Once you’ve talked to people and have done your research, and are off to a good start, build your team! Your team might be the most important part of your new venture. Make sure you choose wisely and that not only expertise and skills, but character and personality are complimented. You want to choose people that will be just as dedicated and “in it for the long haul” as you are, so choose a solid group that has a similar vision but can bring something “extra” to the table.

5)      Know how much you are willing to spend on your venture. Before you even begin, figure out just how much you are willing to lose. Sounds painful, yes, but realistically, if you don’t set an amount, you may find yourself in an even more painful situation. Figure out how much of your own money you are willing to put into the business and stick to that amount.

This is an article by the writers at www.ActionTrumpsEverything.com. To learn more about how to act like an entrepreneur, as well as to find out more about how to use a new entrepreneurial formula called CreAction to work for your goals, please go to www.actiontrumpseverything.com for a free copy of the Action Trumps Everything online book.

 

Extra Income

Opening A Home Business To Get Extra Income

The truth is that most people do struggle paycheck to paycheck. It is quite difficult to be happy when this happens since you basically have no cash available for emergencies and vacations are so hard to plan due to a lack of money. Finding different extra income opportunities becomes a necessity and the good news is that there are actually many things that can help you. That is especially the case when referring to using the internet for extra income purposes.

When thinking about the possibility of opening a home business, the truth is that most people from all around the world have access to this extra income possibility. It is not at all expensive to open a new company and you do not need to think too much about operations as you are starting in the spare time that you have at the moment. When you work part time on your new company, you can eventually reach that point at which you get enough extra income to dedicate your entire working time to the business that you created.

Everything Starts With An Idea

You need to first think about what you actually want to do with your home business. Obviously, you want to reach the point at which a company would actually end up investing in your business or even buy it. An example of a firm that offers such services can be seen at the Today’s Growth Consultant review.

It is really important that your home business revolves around something that you really love doing. This is due to the fact that the business will not generate a lot of income when it first starts. As time passes, you may lose interest in the event that you do something that you do not like. Take all the time that you may need in order to come up with an idea that you love and a business type that you would love working for.

Constant Investments And Expansions

Since we are talking about extra income, your home business will need to be run as a real company as time passes. A part of the profit that is generated has to be reinvested on a monthly basis. This automatically means that eventually, you will hire extra staff. When you reach that point you may be faced with a company that can actually be run on a full time basis.

The most important part of running a home business is trying to make operations wider and wider. You have to constantly think about expansions. Look for opportunities that are available for you right now and that can increase your profits. Seriously consider the internet because of the fact that it can bring in so many extra income sources that you never considered till now.

On the whole, we can say that it is most likely the right time to start a home business in the event that you need extra money and you do have around 2 hours that can be dedicated to the new company on a daily basis.