Extra Income Ideas
Extra income ideas in today's economy...are you looking for the proverbial "Help Wanted" signs and work for someone else? Or would you like to be an independent agent or even start your own business? Some are looking to earn just enough to pay for the car payment, others are looking to pay the mortgage and there are some looking for a career. As you can see, there is a lot to consider. We hope to provide you with some guidance and solutions.
Whatever you are searching for, to maximize your happiness and earnings, it is best to stick with: Personal Philosophy - Choose something you have an interest in. Do What You Like, Like What you Do!"
In Demand Product - A product consumers need whether it is a good economy or bad economy.
Food for example...
people buy it ever day no matter what.
Growing Industry - This will ensure you have a big enough market to share your product or service with.
Extra Income Ideas - Options
Your options to generate extra income will of course depend on your situation. Are you a single parent? How much available time do you have? Do you need flexible hours?
Of course there are the traditional ideas - seeking employment by working for someone else away from your home. This includes retail shops, offices, doctors/dentists, manufacturing plants or warehouses. I think you get the idea. Usually the best way to find these jobs is to look in the classifieds of your local paper or online.
The flip side of this is to telecommute. Depending on the company, you may be hired as an employee or they will hire you as an independent contractor.
But we believe the best thing is to start your own business. After all, profits are better than wages according to Jim Rohn.
When going this route, you have options of starting an online business, offline or a combination of both. And since these are extra income ideas we are talking about, we'll stick to home based ideas...this includes home bound meaning you can work in your pajamas. :)
When home based in mentioned, most think direct sales (also called network marketing). The most recognized ones include Avon, Mary Kay and Tupperware. There are literally thousands of direct sales companies available in many different genres.
These usually require a low investment, allow flexibility and a turn-key system (training, marketing materials, websites, etc.)
The direct sales model is also a proven system. However, you get out of it what you put into it. Doing something you enjoy in this industry is one of the keys to success. The good thing is there are many options to choose from.
WAHM: Your Ticket to Being Home with the Kids & Earning an Income for Your Family
Have you ever dreamed of a job where you could spend time with your family and earn money at the same time? Most traditional jobs don’t offer that. But, becoming a WAHM could be your ticket to your dream. But, before embarking on such a quest, here is some helpful information detailing what it’s all about.
Just what do these letters stand for? WAHM stands for Work At Home Mom. Over the past 20 years, more and more women have come out of the workplace and gone back into the home.
Women with careers had a difficult path to follow. Besides working longer hours to achieve the same pay and credibility as their male counterparts, most also had to contend with the housework and the kids. After a long day at the office and doing the household chores, the kids sadly got what was left over which was usually a very worn out mother.
That has since changed. WAHMs are proving everyday that women can contribute to the family financial situation and nurture their families. Both online and off, a network of support has been created for any woman who wants to consider an option that will help them meet their needs.
How to get started?
When you talk to your family about the possibility, you want to have an idea of the direction you will take. Check out Nicole Dean's
Just Add Sweat
for a good starting point of extra income ideas.
She offers helpful hints to moms getting started with a work at home enterprise and also a network of opportunities for connecting with other WAHMs.
Some of Nicole's extra income ideas include:
Start a Recipe Blog
Start a Craft Blog
If your income has been a big part of the monthly family finances, then switching to a work at home enterprise will cause your finances to take a hit. Be sure there is enough financial cushion in your bank account to weather the first six months of your new career. It will take time to establish your business.
First, figure out your interests and skills. Your extra income ideas should follow these. WAHMs can find business opportunities to work for someone else doing everything from audio transcription to writing articles to accounting. Be aware that there are scams about and that legitimate companies looking for professionals won’t ask for money upfront from you.
Some WAHMs carve out their own niche and begin an online business. If you are skilled with crafting, you can create a website to promote your crafts and sell products. A blog is also another idea. Blog about your area of expertise and develop a following. Combine that with affiliate or search engine marketing to generate revenue.
Making it work
With new career comes the issue of balance between home and work. Just because you are home doesn’t mean you won’t need help around the house or time away from the kids in order to work. Consider these tips for creating a balance:
• Develop a set schedule for work and play on a weekly basis
• Discuss dividing up household chores between you, your spouse, and older kids
• Do pre-work such as fixing lunches, prepping breakfast, choosing clothing the night before
• Hire a babysitter once or twice a week
• Separate home office space inside the house
When it comes to extra income ideas, there are advantages to being a WAHM. Plan carefully and be patient. Support from your family makes all the difference.
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