3 Ways to Supplement Your Income Right Now

Wed, Jul 7, 2010

Financial Advice

One of the hardest things about being in a bad financial pattern is that despite trying to clean up your act, the amount you bring in is the same at the end of the month. If you are not in a place to increase your salary at work, it might be time to think about how you can supplement your income from other sources. Here are three ways to get you started.

1. Sell Your Stuff.
This is a classic method, and the reason you have been hearing about it for so long is because it works. People are constantly surprised by what they receive on eBay and Craigslist for what they thought was their junk. A lot of times, you might be sitting on a collectible that can bring in a mini payday by itself. The more you learn the systems of selling online, you can expand your practice, and perhaps pickup deeply discounted things you see in stores for the sole purpose of reselling them.

2. Write.
There are many places online in need of writers for everything from basic product copy to technical writing and more. A good place to start is looking for article directories that share advertising revenues with authors based on the traffic their articles bring. If you write quality material and build a readership, you can establish a nice recurring income for yourself through this.

3. Monetize Your Hobby.
Do you have a talent that you never thought of as marketable? You would be surprised at how many services people need out there and are willing to pay for. The website Etsy is built entirely around people selling their arts and crafts. Some people there make a full time income just selling their knitting. The same goes for graphic design, programming skills, musicians, sound engineers, video editors and more. Check sites like eLance for projects that people need to hire for and build a reputation for yourself. If you play your cards right, you will have people seeking you out for supplemental income opportunities.

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