The prep work before you open up shop is more time-consuming. You need merchandise to sell, photos and descriptions to post, a name for your shop and a business plan to help you succeed. Once that’s done, you’ll still need to find customers. Depending on what you’re selling, that could take weeks, which is why you should expect the overall time for this gig to be slow.
Become a mystery shopper. This means doing business with various establishments and rating their products and services without their knowledge. It may sound like cake, but remember that it requires discreteness, a good memory for detail (ex. the name of every individual who helped or served you), and enough cash for you to be able to pay for your shopping experience up-front and then wait to be reimbursed pending the approval of your review.
A reverse mortgage is essentially a loan where the amount borrowed doesn't need to be paid back until you die, sell your home, or stop living in it -- if you move to a nursing home, for example. At that time, the home can be sold to cover the debt, or your heirs can pay it off and keep the home. Reverse-mortgage income is often tax-free, which is another big plus. The amount you get can be delivered in monthly installments, providing very passive and reliable income in retirement.
Work remotely for a call center. Because many call center jobs are location independent, finding work in this field is an easy way to earn some money from home. Dozens of sites list job openings for call-center representatives, including Freelancer.com and SimplyHired.com. Meanwhile, you should check local job listings for openings and opportunities as well.
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And while you’ve probably heard of selling sperm or eggs, don’t get your hopes up: Yes, the young and the healthy can sometimes earn good money as sperm or egg donors, but such opportunities require extensive screenings and long-term commitments. Donating blood (sans plasma), meanwhile, is a great and altruistic thing to do, but you generally won’t get money for it.
People are always looking to have their cars washed and detailed. You could be a mobile car washer and detailer with a permanent location. Reach out to people you know or make some flyers and put it in your neighbors' mailboxes. If you want to get serious about it, prop up a one-page website or give out business cards. You can make money quickly doing this.
Sell CDs and/or DVDs. Back up your collection on a computer or external hard drive, then sell the original discs. You’ll make quick cash and save space at the same time. If you have prized collections (boxed sets, limited-release editions, etc.), sell these individually for what they’re worth; otherwise, sell your discs very reasonably (remember, your potential buyers can also get the exact songs they want instantly by downloading them for buck or less apiece). Even for a mere $4 each, a sizeable collection of CDs can haul in a tidy – sum.
Ever since the idea of online auctions came into existence, the online selling market has been on the rise. Many are interested, but don’t know how to get started. There are still all kinds of ways to make money by selling online, whether you’re selling what you already have or buying and selling like a store. Before we get started, here are a few general tips when selling anything online:
With a growing interest in content marketing, more brands are looking for great writers to create content. The secret to succeeding as a writer is to be an expert in a niche. A lot of writers, try to be generalists writing for a wide range of categories from food to tech. However, having a niche focus as a writer allows you to write better content. When you have experience in the niche, you can offer a different perspective to a piece of content. That means you’re not just saying the same thing as every other article online. And that’s what brands really want to pay for. Your thoughts, experiences and inside information into their niche.
Recognize that time is money. This critical piece of advice is attributed to Benjamin Franklin, who was an accomplished American inventor, journalist, printer, diplomat, and statesman--the ultimate multitasker. Your ability to manage your time (and stop procrastinating) is a critical ingredient in your ability to make money. Whether you have a job or are self-employed, keep track of what you're spending your time on. Ask yourself "Which of these activities make the most money, and which of them are a waste of time?" Do more of the former and less of the latter, simple as that. When you're focusing on high-priority tasks, get the job done well, and get the job done fast. By working efficiently, you're giving your employer or clients more time, and they'll appreciate you for it. Remember that time is a limited resource that you're always investing. Will your investments pay off?
If you spend a lot at Amazon.com, for example, you can get a card that rewards you with 5% cash back on Amazon purchases -- which can really add up. Stores such as Target, Costco, Gap, Lowe's, TJX, and Wal-Mart also offer cards. Plenty of retailer cards offer 3% to 5% in cash back or discounted prices and many offer other perks, too, such as free shipping. If you travel a lot, travel-related credit cards can help you rack up lots of points and rewards that can be used instead of cash, keeping more cash in your pocket.
Website tester jobs are easy to get and pay between 8 and 15 dollars per test. Each test generally lasts about 15 to 25 minutes. Simply sign up, take a test and then wait for assignments. Each company is very similar. The downside to doing this is that you will only average about 1 to 5 assignments per week from any given company, sometimes less or more. If you need more cash than that then sign up with multiple companies.
One of the great things about the Internet is that it can connect people and companies almost instantly, and companies have found out about it. Companies have found that they can receive almost instant feedback about their products, services, or ad campaigns through the Internet. This is called market research, and before it used to take companies hundreds of thousands of dollars and many months to find average and sometimes outdated data.
You can charge up to $995 for a service, but many if not most gigs still start at just $5 (of which you make $4), so the key to making money on Fiverr is either working in volume or offering custom add-on services. But it’s free, easy, and quick to get started, and payment happens fairly quickly, so if you’re able to whip up a logo or business card design without much effort, it’s not a bad way to cash in on your creative skills.
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Selena Maranjian owns shares of AbbVie, Amazon, Costco Wholesale, and National Grid. The Motley Fool owns shares of and recommends Amazon. The Motley Fool recommends Anheuser-Busch InBev NV, Costco Wholesale, Lowe's, National Grid, and The TJX Companies. The Motley Fool has a disclosure policy.
17. Amazon – Have you heard of FBA? It stands for “Fulfilled by Amazon” and it’s getting pretty popular. Basically, you buy products (in bulk is best) and ship them to Amazon for them to store. When your products sell, Amazon packs them up, ships them out and sends you the money (after taking their cut). There are people making a full-time living from FBA, while others just do it for some extra money.
Be willing to negotiate. You might have two neighbors who want their sidewalks shoveled, but one might be willing to pay $5 per week while another will pay only $3. If the neighbor who's paying you less is elderly, living on a fixed income, disabled or otherwise strapped for cash, consider accepting the lower price in order to build your clientele. Remember, that person who pays you less might later recommend your services to someone else willing to pay more.
If you don’t already have a job, you can try your luck with a day labor agency in your area such as Labor Works or People Ready. Generally, these jobs are of the low-skill, low-pay variety — construction helper, mover, retail or warehouse work. Arrive early in the morning, and if you’re chosen for a job, you’ll work that same day and receive payment at the end of your shift.
In Red Dead Online, wolves will spawn randomly while you’re out and about. A good habit to get into early on is to kill and skin them when they show up. You can sell the pelts at the Butchers for a pretty good price. Try to kill them with your knife or bow for better quality pelts. Make sure you head to the Butchers regularly to check what you can sell.
Have a spare bedroom — or two? Making it available on vacation rental sites can provide a lucrative side income. For example, Airbnb hosts earn an average of $924 per month, according to data from Earnest, an online lender. If you’re a renter, just make sure that everything is kosher with your rental agreement beforehand. Learn how to cash in on short-term rentals.
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If you have a blog or some other online property with some traffic, you can monetize it via affiliate advertising. For example, imagine that you write a blog about cars and you have thousands of visitors each month. You might review some books or products related to cars, and then link to them on Amazon so that you get a cut of the purchase price when anyone buys books through the links.
If your goal is to make enough money to retire early, prioritize earning potential over job satisfaction, since you plan on getting out of the rat race early, anyway. Consider the types of jobs that pay extraordinarily well in exchange for hard work, little psychological satisfaction, and a punishing lifestyle, such as investment banking, sales, and engineering. If you can keep your expenses low and do this for about 10 years, you can save a nest egg for a modest but youthful retirement, or to supplement your income while you do something you really love doing but doesn't pay much. But keep in mind that delayed gratification requires clear goal-setting and strong willpower.
Participate in medical studies. If just the thought of this frightens you, know that the intensity of such studies varies greatly. Some studies ask participants (particularly those with medical conditions) to test treatments or medications that can have adverse side effects, but others ask participants to perform physical tasks with no lasting effects. If you are able-bodied and paranoid about keeping it that way, you can even participate as a control in a study at a nearby medical research facility or medical school.
Blogging is a great side hustle because you can do it at your own pace anywhere you want. It's not a quick and easy way to make money, but there are a lot of ways to make money side hustling while blogging. You can sell advertising, become an affiliate for other people's products, sell your own online product, and more. It does take time to build up an audience to be able to make a decent amount of money, but once you have a large following, you could earn over $15,000 per month or more (we do).