7 Tips for Earning Extra Money Every Month

Earning Extra Money

When your bank account is looking tight, you probably wish that you could earn more money each month. But what if you really could? Almost anyone can make some extra cash while holding down a full-time job. Here are seven tips on how to achieve it.

1. Sell Products

You’ve probably heard of the many companies out there who allow you to sell their range from home. You could become a mini-franchise, selling products to your friends and family for some extra income. This does come with a risk as you have to buy the products first, and it is best suited to those who have a large group of friends or acquaintances to sell to.

2. Rent out your space

Do you have a spare room? An empty garage? A shed that no one is using? Put that space to work by renting it out. You can rent out your space to a small business owner, as storage, or even as a room to stay in for holidaymakers. If you aren’t using it anyway, you might as well make some money from it!

3. Create an online gig

If you have a skill such as graphic design, or website building, or anything that can be done online, you can take part in the gig economy. Just list your services online for a set fee, or look around for job postings. The work will usually be on a part-time and temporary basis, so you are free to take on as many or as little clients as you wish.

4. Drive around

Did you realise that you can earn money just by driving around? In your spare time, you could become a courier for Zoom2U, carrying goods around your town or city. This is an excellent way to get out more as well as making money. It’s also a necessary service which many people need so that you will be helping others out.

5. Buy and sell on auction sites

If you know what you are doing, you can make some quick money by buying items at a low price on auction sites, and then resell them for a higher price. You need to know the real value of items before you do this, as you could easily end up losing out if you can’t make the sale at the higher price. Do your research first.

6. Play the market

If you have a head full of numbers, you might want to try Forex trading or investments. These can be long or short-term. There is always a risk with this process, as you may end up getting it wrong and losing money. You might even decide to cash in your stocks only to find them rise the next day hugely. It’s a lot of fun, however, many people find it to be addictive. You could even end up quitting your day job and doing it full-time if you take to it well.

7. Write a book

This may be the most difficult item on the list, but it can pay off. Writing a book doesn’t have to take years, and you don’t have to be a professional writer to do it. Create a book that explains what you know about your niche, giving outsiders the insight they need to succeed, and you could have a best-seller. Self-publish on Amazon and watch the royalties rolling in every month.

There are lots of little ways to earn extra money, but it can all add up. Try any one of these methods, and you’ll see the cash rolling in.