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5 ways to earn extra money, even if you have a full time job

March 3, 2020

Do you want to earn more money? Invest in real estate, in e-commerce with Amazon or take advantage of the opportunities of the shared economy.

4 min read

The opinions expressed by employees are personal.

5 ways to earn extra money, even if you have a full time job5 ways to earn extra money, even if you have a full time job

Is the money you have in your account affecting your health? The American Psychological Association revealed a survey that demonstrates that money stress affects people's health. And it turns out that this stress also affects people who have a lot of money, not just low-income people.

You can get rid of some of that financial stress by earning extra money, even if you have a full-time job. Steve Chou of MyWifeQuitHerJob started a millionaire business while still working.

Whether you're looking for money to launch your startup or money to invest or to settle your debts, a few thousand extra pesos a month can change your life. Here we tell you how to start.

Whether you're looking for money to launch your startup or money to invest or to settle your debts, a few thousand extra pesos a month can change your life. Here we tell you how to start.

1. Launch a service business

This can be done even without having a large network of contacts, or having a digital presence or a lot of experience. The easiest way to start is by telling people what you offer and asking them to spread the word.

Noah Kagan, from AppSumo, hit the spot with this concept. He decided to see if he could earn $ 1,000 in 24 hours. He ended up founding a dry meat subscription business that he gave one of his students to try.

You can steal their concept with a business such as catering, writing or digital marketing. Start by creating a killer email to make yourself known.

2. Invest in real estate

Becoming a property owner is not always easy when you don't have money. But you can look for options to make yourself a small property in another country, or a vacation space. Usually, this is usually more accessible even if you want to hire someone to help you handle it.

Commercial real estate can also be a lucrative way of investing and earning passive income.

3. Launch a digital resource

Share your experience creating an ebook or a course to help others while earning money passively. My own ebook, 100 Days of Growth, ended up generating me more money than my full time job. It took a lot of work to finish it, but once it was ready, it required minimal effort to maintain and sell.

If writing is not your thing, launch a video course. I didn't keep the pure book, I also launched a content marketing course through ContentMarketer.io to help my clients master the skills needed to do content-marketing in 10 weeks.

4. Harness the power of Amazon

A goal that is always admirable is to launch your own digital store and create a customer base, but this also means putting on many hats. You must find products, find manufacturers, promote your website and decipher how to fill orders. And of course, do not forget about customer service and returns.

You can better sell a product directly on Amazon without the need to assume so many roles. Some vendors even use the Amazon supply center and never have contact with the product.

5. Join the shared economy

It is not difficult to get a few thousand pesos a month taking advantage of the shared economy. But it's not just about renting a room in your house on Airbnb. You can also rent your car, or rent a camera you don't use, or sports equipment.

If you are going to rent on Airbnb, think that you can earn much more if you rent your entire house, and use that time to visit your family or go on vacation.

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