Managing to build extra-income that can total $1000 a month may seem daunting or simply a ridiculous fantasy. But it is possible, and it can turn out to be much easier than you thought.
This can be a great help if you need to pay off some debts that have you in the red, or simply want extra income so that you don’t have live paycheck to paycheck. Here are some ways you can achieve this; and it’s guaranteed as I’ve used some of these successfully.
If you live in a big city or even a relatively small residential area, there are likely many opportunities to offer your services as a house/pet sitter. Often, when people go on holidays where they can’t bring their ‘fur babies’ with them; they would much rather prefer hiring a pet sitter opposed to taking them to boarding kennels. These people then become your potential clients.
The most important thing is to build up your reputation and people will more likely hire you. I recently began house/pet sitting and once I did my first two jobs, I no longer needed to advertise my services. My best advertising and recommendations to other clients was through word of mouth spread by my existing clientele. People are more likely to hire someone they have been personally recommended by their friends than compared to simply seeing a flyer, newspaper article or web advertisement.
The great thing about pet sitting is that you don’t need to charge large amounts for your services. I personally have two rates: one for just looking over the house during the day if they have no pets; and one extra which includes staying overnight with their pets. The price you charge may look extremely small, but it definitely adds up. For example, if you manage to get 1 client a week charging $50 per day at five days a week, that’s an extra $1,000 every month! This extra work often comes with no extra disruption to your usually scheduled. Just bear in mind that you must have your own transport, or make arrangements to ensure your commute to work is still possible and doesn’t cost you more than what you charge.
Are you booksmart? Do you enjoy dealing with children? Then one thing you can do to bring in extra income is tutoring! You don’t need to be a teacher or have gone to college to ‘qualify’ for tutoring. I know a lot of people who work as a part-time tutor on the side that are neither a teacher nor attended college. With this in mind, decide what grade/s of the children you tutor, as well as any specific school subjects that you can easily help, without having to relearn everything. As with house sitting, your best recommendation is word of mouth. Getting your first tutoring job, and doing it will skill and the right attitude, can be all you need to start being approached for more jobs. When allocating time for it, working it into your current schedule, you can even allocate just 1 hour per session. Also, as with house sitting, begin charging relatively small amounts, such as $10 $15 per child, per hour; especially if you don’t have any certificates of qualifications. Tutoring for one child can be two sessions a week. Even if you only have 3 children a week, at $15 an hour, twice a week, that can earn you an extra $360 a month. From there, you can get more clients and can start increasing your fee per hour. Just be sure to not make too drastic a hike in your rates!!
Rent out your free rooms/cottage
You can use companies/websites such as Airbnb.com to sign up for and advertise your home. Depending on the area you live in/ how much free room you have to rent, you could earn a nice sum of passive income a month.
By dealing with an established business, the risks to your safety and damage/theft of property will be minimal. You may be pleasantly surprised when the extra passive income amount from that alone begins averaging/exceeding $1000. Also, since you are already paying your normal mortgage/rent, that money is solely extra income.
If you are planning a travel/vacation away for any length of time, you can choose to rather rent out your entire house than to hire a house sitter. By choosing to rent out your house, you can make a substantially larger profit compared to having to pay someone to keep an eye on it. This is where choosing to deal with a respected business comes in hand even more. You can rent out your entire house with the assurance of security that there will be no bad consequences doing so. If you travel often, by using this method you can easily boost your monthly income profit to almost $1000 a month.
If you are unable to do any of the previously mentioned strategies to earn more income, you can opt to becoming a freelance/ghost writer. By using sites such as freelancer.com and fivver.com, you can charge for your services as a writer. There is always opportunities for work, ranging from large companies to smaller businesses to individual clients.
When you start out, it’s best to charge small amounts such as $5 or $10 per piece. By creating flawless work, even at this low price, you can build up your reputation on these sites, as well as further perfecting your skills. Over time you can then raise the price per piece of your work to $50. You may also be able to produce more articles or blogs in a shorter period of time. By writing just 20 pieces of work at $50 per month, you can already reach your goal of earning an extra $1000 a month.
It is possible
By using these 4 methods, or any more you can find that suit you, it will be possible to earn an extra income of $1000. You can then be able to pay off your debts faster and earn more income. By being patient, as well as being smart about it, you can help yourself live with less stress about the lack of sufficient income. Think outside the box, and don’t be quick to brush off an idea because, at the moment, is ‘too little an amount of money.’