5 Proven Methods to Make Extra Money On The Side

It’s no secret the cost of living is continuing to rise while wages remain stagnant or are disappearing completely due to automation and outsourcing.

That’s why it’s always a smart idea to avoid putting “all your eggs in one basket”.

Thanks to the Internet and other technological innovations, it’s never been easier to stack other income sources on top of what you’re already doing in your main income-generating job or business.

Here are 5 proven methods to make extra money on the side you can do in addition to what you’re already doing to earn income:

How to Make Extra Money Method #1:

Reduce your spending

One of the easiest ways to make extra money is to simply have more of what you already have.

From cutting costs to choosing lower price and higher value purchases, you would be surprised how much of your money you could actually keep when you take a good look at what you’re spending first.

Here’s an article I previously wrote about how to save more money:

How to Save More Money: 5 Basic Ways to Reduce Spending Anyone Can Do

How to Make Extra Money Method #2:

Have a side hustle

A side hustle is basically another role you do in addition to your full-time job to earn extra income.

For example, you might consider working part-time in food service or retail. However, there are many other options for side hustle contractor gigs that offer a lot of flexibility and freedom to work and earn extra money when you want.

One of my favorite methods to make extra money is by promoting other people’s products and services and earning a commission from referrals with affiliate marketing.

If you have a car, you can actually get paid to drive as a contracted driver with food delivery apps like DoorDash or ride share services like Lyft.

You can also deliver packages for Amazon, or get paid to share your opinion by taking online surveys for Swagbucks.

These are just a few of the many apps out there offering contractors an opportunity to take gigs and make extra money.

How to Make Extra Money Method #3:

Run an online business

Go out in public and you will likely see at least a few people staring down into their smartphones. So doesn’t it make sense to have an online business that people can shop with their device?

In addition to selling products and earning commissions, having your own online business also comes with business tax writeoffs which will also lead to more money in your pocket.

If you’re looking for a free online business to start instantly without ever having to spend any money, I highly recommend you enroll in the Changing the Future Outcome (CTFO) opportunity to run your own online CBD dispensary.

How to Make Extra Money Method #4:

Write a blog

A blog is your opportunity to share your knowledge with the world to help others overcome challenges.

By simply sharing what you know and publishing it online in your blog, the search engines will then do the heavy lifting by connecting others with your content they are searching for.

I’ve written many articles on blogging and how to make extra money with it, but a good starter for those brand-new to blogging would be this one:

5 Reasons Why Blogging Is Such a Popular Part-time Online Business

How to Make Extra Money Method #5:

Invest in real estate

Everyone needs a place to live.

Which means the opportunity is there for you to earn extra money by capitalizing on this need and providing an essential product.

Imagine living in a home for free?

And that’s exactly how “house hacking” works. It’s just one way to get started in real estate investing.

In a nutshell, house hacking is living in one portion of a home, while renting out another portion. That rent then covers either part or all of the mortgage used to pay off the home loan and additional living expenses.

House hacking is just one method to get started in real estate investing to earn extra income, but this blog has many articles about real estate that will help you get started.

Conclusion

Regardless of what you choose to do to make extra money, the idea behind it all is still the same: you are providing a product or service someone needs in exchange for income.

In other words, you are providing value and are playing an important role to complete a transaction that benefits all parties.

These are just a handful of ideas you can try to make extra money on the side. You might be inspired to try one or all of these to ensure a bright financial future for you and your loved ones.

Which of these ideas to make extra money are you going to try now?

Let us know in the comments below.