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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

Reasons to Cash in Your Structured Settlement

Life has never been simple to live out these days especially in terms of keeping up with a financially stable kind of lifestyle, let us just say that not everyone is blessed to have a kind of life that will allow for extravagant expenses.

All the more finances are a troubling scenario for people who at a time in their lives have encountered a personal injury or an accident that left them having to stop from work and gaining the income that they are meant to receive but luckily though through law these individuals are able to reach a structured settlement that help provide them with support through months and even years.

Enough Money for Education

Whether it is continuing education for yourself or a family member, being able to cover the expenses for this will easily be available when you get the chance to sell your structured settlement to a reliable company that could at times be even more valuable.

Since many schools and university may require quite a big sum of money as a means to enroll, having the opportunity to turn structured settlements as a source of finance for this purpose is very appropriate.

Enough Money to Pay Debts

Being in debt is not unusual these days, leaving some to feel the added stress and the uncomfortable circumstance of worrying about paying a particular amount of money that often sums up to quite a big amount in the long run.

With structured settlements being able to deal with debt becomes easier and the troubles and worries are set aside since being able to earn the amount that come from these often come a substantial amount that can readily be able to finally get rid of any type of debt and other financial troubles.

Enough Money for Investments

If you are looking to purchase a house, a vehicle and other property investments you can refer to moneyupfront.net and other trusted sources that can provide you with the best deals in terms of selling your structured settlement for cash.

Whatever way you look at it, having to purchase these kinds of investments will require a considerable amount of money and since these settlements are in reality a part of money that you regularly receive, it is a good decision to use these for items that are a big necessity in everyday life.

Enough Money in Case of an Emergency

Many think of saving money and investing it for a rainy day which is a perfect reason to look into the decision of selling structured settlements since these summed together will create a good value of money that can be used when a family member falls ill or a business opportunity arises.

Handling money and finances can be a difficult task and being able to put each amount into something that is useful is very important to consider especially when it deals with cashing in structured settlement because you have to keep priorities and needs as a priority and make it a point that every cent returns a great value in the long run.

Extra Income

Commission 101: What Freelancers Need to Know

Around 1.6 million civil claims are brought to the UK courts every year, many of which are freelance workers forced to bring clients to the small claims court. Often this process can be time consuming and costly, and is frankly a hassle that a small business can do without.

So before you start trading, there are a few things you should consider to help avoid these pitfalls and allow your business to prosper.

What to Charge

Putting a price on your services is one of the biggest challenges freelancers face.

One common mistake is to charge too little. In fact, if you put too low a price on the services you offer, you’re giving off the message that you don’t put value in what you do – and if you don’t, the client is unlikely to either.

Likewise, don’t price yourself out of the market. Take into account your experience and skill-set and set your rate accordingly.

To find an appropriate price for the service you offer:

  1. Consider the market
  2. Cover costs: salary, taxes, monthly overheads, rent, etc.
  3. Don’t forget to add profit margin!

Agree Terms Up Front

Come to an agreement on payment terms with your client before you do anything for them.  Make sure that you have both agreed to terms determining:

  • How much you will be paid for your service
  • When you will be paid

Make sure you get these terms in writing, too, so that if there’s any question later on, you’ve got proof to back up your original agreement.

Get a Deposit

Sometimes – and particularly if you’ve never worked for this client before – it will be appropriate to ask for a deposit before you start work. Typically, this should be between 30 to 50% of the total cost of the project.

If you can, make getting a deposit part of your standard practice to ensure you attract clients that won’t mess you around.

When to Invoice

Invoice as soon as you have completed the specified task. The sooner you send out the invoice, the more quickly you will be paid.

Keep Track of Income

One of the most challenging aspects of setting up as a sole trader is getting to grips with managing your own income. Using tools like Ballpark, a business management app, can be really useful.  Ballpark has tools to help its users:

  • Estimate
  • Invoice
  • Track their time
  • Receive Stripe and PayPal Payments

Remember to ensure all records of income are up-to-date, as you will be responsible for reporting all income received on your tax return.

This article was contributed by Laura Moulden, Evergreen Funders on behalf of Nixon Williams, an accountancy company of contractor accountants offering comprehensive business finance advice throughout the UK.

Extra Income

How to Make Money Buying Tax Liens

Learn more about tax laws and becoming a professional in the field with a masters in taxation.

Investment through tax liens is a fairly new idea, but it has yielded rich dividends for a number of investors. In fact, the phenomenon is hardly a decade old. It shouldn’t be seen as a “get rich quick” scheme but rather a sound investment with some risks. You should do your research before you get into this market because there isn’t a lot of knowledge available about tax liens, since they are fairly new.

How it works

The way tax liens work is that you, as an investor, will pay the property tax of someone else, who will need to repay you with interest. As everyone is aware, every homeowner will need to pay property tax. However, sometimes owners are unable to pay it. There is a fixed penalty that needs to be paid by the homeowner if they fail to pay on time. However, the government would rather get the money on time, in which case it will simply sell a tax lien to an investor. The investor will pay the government the full amount and he will get, over a period of time, the whole property tax paid by the homeowner along with the interest. This simple arrangement can give you up to 10% interest on your money.

As you can see, this is a simple win-win-win situation. The government gets the tax on time, the homeowner gets more time to pay the tax and the investor gets the additional interest on the amount that he has invested.

How you win

Up to this point, the concept of tax liens seems pretty straightforward. It works like the homeowner has borrowed from the investor at a fixed rate of interest with the government as the middleman. Now, what happens if the person is unable to pay the lien off? Some homeowners who have multiple properties and have seen the values of their property plummet may not really like to pay the property tax. Instead, they might decide to let go of the property.

In such cases, you will become the property owner. This can be both very good and bad for individual investors. On the plus side, you now have a property for which you paid just a few thousand dollars. If you can sell this off, you can make a very healthy profit. Very high percentages of up to 1000% are not unheard of in these cases. On the negative side, you will need to know about real estate and how to sell properties and you may not really prefer to do this.

The truth is, getting a property that will not be paid for by the owner is actually considered good in tax lien investment options. This is because investors find it very profitable to sell off distressed properties that they bought at just a few thousands of dollars. However, these are generally the exception and not the rule, so you shouldn’t invest in tax liens simply because you are looking to get lucky with some cheap property. Tax liens are held in an auction and you might just get lucky, but don’t make it your investment strategy.

Have you had any experience in tax liens?

Would you consider trying this?