Three Ways to Earn Income Online

There are two sides to the normal budget issues many people run into. People either don’t make enough money or spend too much money. Today I’d like to focus on ways to grow your income. In fact, I’m going to focus on a specific subset of growing your income. Let’s look into three ways to grow your income online.

Start a Website

Starting a website is a great way to earn some extra income online. Make sure you have realistic expectations though. While websites can be a very profitable way to earn some extra income it doesn’t come easy or without hard work.

Starting a website is a lot easier today than it ever has been in the past. You could start a blog, an e-commerce website, or a website that solves a problem for a certain group of people. You can earn extra income online by selling advertising or by selling your own products.

Regardless of which route you take, make sure you have a plan. Just remember, making the website is just the beginning. If you end up with a successful online business all of the hard work will be worth it in the end.

Sell on eBay or Craigslist

Another great way to earn income online is selling on eBay or Craigslist. The best thing about this method to earning extra income is you can likely get started with what you already have in your house!

Haven’t had a garage sale lately? Great news! I bet there is a ton of stuff in your house that you never use that could easily be sold to earn some extra income. Before you get started though make sure to keep the following in mind.

In order for something to sell on eBay or Craigslist there needs to be a market for it. Search for similar items that have sold recently to get an idea of whether or not it is worth it to try to sell (and if you’d get enough money to part with your item).

The other thing to keep in mind is that you must ship whatever you sell on eBay. That means that you’re probably better of selling smaller and items that can be easily shipped on eBay and keeping the larger items that can’t be shipped as easily for future garage sales. You won’t have the same problem if you decide to sell on Craigslist since you’ll likely meet your buyer locally to complete the transaction.

Freelance or Write for Blogs

The last method I’m going to mention to earn income online is freelancing or writing for blogs online. Freelancing encompasses a large range of of tasks and writing for blogs online is just one very small subset of the category.

Freelancing could be providing any type of service or product that you have an expertise in. You can freelance with your accounting skills by providing bookkeeping for online businesses or you could freelance with your graphic designing skills by creating logos for websites.

The other method of freelancing that I previously mentioned was writing for blogs online. These days there are many blogs that hire staff writers or even ghost writers to provide content on a regular basis. I freelance write and am always looking for more work. If you’re looking for a freelance writer, make sure to check out my hire me page.

While writing for blogs may not be the best paying way to earn income online in the beginning, you can start charging more as your writing portfolio gets larger and your skills become more honed. If you get lucky, you may even get picked up by a larger publication like a magazine or larger online news website.

There are a ton of ways to make money online. Just be careful what you get yourself into. There are scammers out there so you have to be careful and thoroughly investigate any and all opportunities.

What ways do you earn income online?

How To Manage Your Time With Your Side Hustles

Side hustling is becoming more and more popular now that people are realizing a little extra money every month can truly go a long way in meeting financial goals. I’ve been side hustling for well over two years now and loved it so much that I turned it into my full time job.

If you want to do the same or just want to be better about managing your time, here are some of my tips:

1. Only Choose Clients You Really Love

Anyone who is a full time freelancer will tell you that they do their best work when they actually enjoy what they are doing. Sometimes, the work that is the least amount of fun produces the most money, so it can be hard to turn down those types of jobs.

I personally get so much more done when I am excited about a project and really enjoy working with the client. From time to time, this means accepting less pay, but I chose to work for myself to enjoy my life, not to do projects or write about topics that I’m not passionate about.

2. Identify Your Best Working Hours

If you are really groggy in the morning like I am, there’s really no point in trying to side hustle and get tons of work done during those early waking hours. It might take a few months, but over time you will slowly start to identify when you work best.

For me, this is between 7pm-1am. It sounds crazy, but when the world gets tired and starts winding down to go to bed, I get really amped up. I tried to resist this for the longest time, promising myself that I could run an errand or spend time working on my nursery if I got work done.

Eventually, after lots of days of feeling unproductive, I realized that I need to spend my time during the day running errands and doing chores around the house and the nighttime working. It’s not the most ideal scenario, especially when parents or friends want to invite us out to a last minute dinner out and I have to work. However, I’ve realized this is the best for me. You just need to find out what works best for you.

3. Don’t Overextend Yourself

In order to truly manage your time with your side hustles, you cannot over extend yourself. As much as you want to make more money, you don’t have to say “yes” to every single opportunity. In my early days of freelancing and side hustling, I would accept every offer and say yes to every opportunity. I was trying to pay down my credit card debt and didn’t want to miss the change to earn extra cash.

Now, two years into my side hustles and fully self-employed, I have to be very careful not to overextend myself. The more work I do and the more clients I take on, the more stretched I get. Instead of taking on extra work, I try to only work with quality people who respect my rates and give me consistent work.

Overall, side hustling is a great way to make money, and I really believe that more people should do it. All that time that people spend watching TV or playing online could be spent doing something productive that could pay down their debt or help them save for retirement. Sure, you have to rest sometimes, but that’s the beauty about managing your time well. If you can figure out how to fit in a side hustle without disrupting your routine too much, you’ve absolutely hit gold.

Do you have a side hustle? How much time does it require?

Is It Worth The Effort To Work Two Full Time Jobs?

For about a year, I had two full time jobs. It wasn’t intentional, if I’m being completely honest. It’s just what happened as my blog and writing business grew over time.

Every day I’d get up and go to my 9-5 job. I enjoyed my job very much. I was an instructor for a pre-med writing course, and I had a really interesting and diverse group of talented students. It was stressful at times when there was lots of grading, but ultimately I could see myself doing a similar job for a very long time.

The challenge came in because I really liked freelance writing too. On a typical day, I would come home and make dinner and then spend a few more hours working online. It was not unusual for me to go to bed at midnight or 1 in the morning. Sometimes people at work would comment on how tired I looked, and sometimes I felt like I was way in over my head.

At times, I wondered if it was even worth it. Lots of my friends spend their weekends at the beach, while I spend a lot of weekends doing laundry, cleaning my house, and trying to squeeze in an extra blog post or two to get the week started off right.

I estimate that I probably worked about 80 hours a week on both jobs together with very little breaks. The blogging didn’t really feel like work at the time though because it was enjoyable, and it filled my time. With a medical school student for a husband who had 15-18 hour days himself, it was a productive thing for me to do while he sat at the kitchen table and studied.

So, if you are interested in doing something similar whether you want to try out a new career field or to try to build a side business, I would think very carefully about the time commitment and the dedication required to make it happen.

Here are some things you want to think about:

1. Your Other Half

If you don’t have a significant other, then the sky is the limit in terms of how much time you can devote to a second full time job. If you do have one, you have to consider their schedule and their feelings. Many, many people feel neglected when their spouses start to work crazy hours, and nothing is more important than your relationship so be sure to cherish it.

2. Your Kids

If you have kids, choosing to work 80 hours a week might not be the wisest choice or at least, it won’t be sustainable for long. With that type of schedule, you are bound to miss activities and important moments, which no parent wants to do.

3. Your Health

I worked like crazy for about a year, and I knew towards the end that there was no way I could keep it up forever. There just comes a time where you have to choose one or the other, and hopefully you are happy with your decision. If you have two full time jobs, there is very little time to exercise and you are constantly eating on the go, so health-wise it’s not sustainable for the long term.

Ultimately, I wouldn’t change a thing about my journey, and I’m happy that all of that hard work did eventually lead to something. I wouldn’t want to do it again anytime soon, but it was definitely a way to transition to self-employment without too much financial strife.

Have you ever worked two jobs? Do you currently have a side hustle?

Are You A Yard Sale Flipper? Maybe You Should Be!

Have you ever thought about being a yard sale flipper? I don’t think yard sale flipping is something that would have ever crossed my mind except for the fact that my friend’s parents ended up turning yard sale flipping into a full fledged business! Due to their awesome success, I thought I should share yard sale flipping with you!

What Is a Yard Sale Flipper?

A yard sale flipper is a person that takes advantage of price differences to make money. When most people hold yard sales their goal is to get rid of a bunch of stuff that they see as junk in order to raise a little bit of cash or to declutter their house. Due to this fact, most people who have yard sales will not know the true value of all of the items they are selling. This presents an opportunity for you to make money.

How To Be a Yard Sale Flipper

Virtually anyone can become a yard sale flipper, but you have to be knowledgeable and you have to be a morning person. Most items sold at yard sales are effectively trash or overpriced. You need to be able to weed through the trash and overpriced items and find the pots of gold at each yard sale.

Find something that you know a lot about that can be easily sold at a profit. Then, go find these items at yard sales and pay less than you can sell them for. The difference between what you can resell the items for and what you bought them for will be your profit.

Remember though, you must be a morning person. The best items are normally the first to go so you have to get to the  yard sales early. If you aren’t one of the first few people there you could miss out on that perfect flipping opportunity.

A Yard Sale Flipper Success Story

My friend’s parents started out yard sale flipping on the side of their normal jobs and it turned into a full fledged business that has employed both parents for close to a decade. It all started when they decided to pick up old used video games for their kids as a cheap way to entertain them.

After a bit of yard sale hopping they figured out that parents were cleaning out their kids’ closets of old video games just to get rid of them. They then realized that there were certain video games that had quite a bit of value and that they could get most video games dirt cheap because parents just wanted them gone. On the really rare finds they could make over $100, but they normally made $10-$40 per video game.

That doesn’t sound too impressive… until you realize that on some weekends they could find up to 100 video games. They weren’t getting rich, but they were adding a nice supplement to their regular income.

Turning Yard Sale Flipping Into A Business

One day they decided to try their flipping on a larger scale. They began selling their games on eBay. Eventually, they became master eBayers and would even buy games on eBay to resell on eBay at a higher price by listing the item in a more effective manner. Once they figured out they could successfully flip video games they moved on to bigger items such as laptops and haven’t turned back since! They even have a retail location in the city now and do quite well for themselves.

Things To Watch Out For As A Yard Sale Flipper

Not everything you find is what it seems. The yard sales may contain fakes of items that could be worth significant amounts of money. If you don’t watch out you could easily get burned and lose some money in the process.

Make sure whatever you buy is relatively small and can be flipped quickly. If you start with large items or go after slow moving inventory you could end up becoming a hoarder with lots of useless stuff in your house!

If you’re a serious about making money as a yard sale flipper you need to make sure you keep track of all of your expenses. Driving to  yard sales can cost quite a bit of gas money and wear and tear on your vehicle if you aren’t careful. Add any storage fees or selling fees on top of your vehicle costs and you might find out you’re losing money instead of making money.

Yard sale flipping can get addictive! Watch out for addictive behaviors and make sure you’re still flipping for the right reasons.

Have you ever thought about being a yard sale flipper? What did you want to flip? If not, do you think you could ever be a yard sale flipper?

Why Blogging is the Best Side Business

Today we welcome back our normal Tuesday contributor, Catherine Alford!

Maybe I’m biased, but I firmly believe that blogging is one of the absolute best side businesses out there. From the low start up cost to the fantastic community, I encourage everyone I know to try their hand at creating one. Here’s why:

Low Start Up Fee

Setting up a blog is relatively inexpensive. You can always start an absolutely free site on WordPress or Blogger to see if you like it, but as your blog grows, you might have to move to a self-hosted wordpress site. I always recommend this route to start off with, since moving my own blog to wordpress was pretty time intensive.

However, regardless of the route you choose, your start up fees for a blog can easily be under $100.00. Purchasing a custom theme, domain name, or graphic design service can definitely add to this cost, but always make sure you really enjoy it before spending too much money growing it.

Incredible Community

I seriously don’t know what I’d do without my blog friends. It’s amazing how you feel like you really know someone after meeting them online. The best part is that the community just keeps growing.

People start blogs every day, and there are millions of them. I personally love meeting new bloggers, hearing their stories, and learning about how they live. It’s the best part about blogging in my opinion. Plus, personal finance bloggers give the best advice!

Low Stress

There have only been about a handful of times when I’ve had a “freak out” moment when it comes to my blog. These freak outs were usually the result of a technical glitch that I just couldn’t fix or the site going down at a really inopportune moment. However, for the most part, blogging is only as stressful as you make it. Sure, I stay up late to make sure the post for the next morning is perfect, but for the most part, the day-to-day blog operations are really fun, and it’s the best job I’ve ever had.

Room to Grow

When it comes to blogging, the sky is the limit. There’s no salary cap, no glass ceiling, and no waiting on someone else to give you an annual raise. The amount of money you make blogging is completely up to you and how much time you are willing to invest to ensure its success. For some people, this is the hardest aspect of owning a blog, but for me, it’s the most exciting and gives me the most motivation to move forward.

I seriously could go on and on about why blogging is so great. I really don’t know where my life would be without it. I’ve met so many amazing people and had such cool experiences because of my blog, and that’s why I’d recommend it as a hobby or a side business to anyone.

Do you have a blog? If so, why did you start one?