This morning I was reading through the papers and glancing at the general financial reports and economic projections.
None of them seemed that particularly optimistic.
The funny thing is, they never seem all that different from the week before. And the week before that. And the months before that…
Of course, it makes sense to start looking for ways to make extra cash and depend less on the health of the economy for your livelihood. This type of self-reliance fits naturally to entrepreneurial-minded person who appreciates that lifestyle.
Did you know that even during the great depression of the 1930s, some industries thrived? Interestingly, the entertainment industry did pretty well during that time. It seems as though no matter the state of the world around us, we all still need to have a good time!
Check out these 5 things you can do to make extra cash in any economic situation, and all you need is a computer and the time to do it.
In no particular order:
1) Start an Internet Business
A lot of people seem to think that because the economy is not exactly booming right now that it’s not a great time to start an Internet business. The truth is that it’s not ever a great time to start any business! Unless you’ve started one before, you can’t really understand this.
To me, it makes a lot of sense to start an Internet business right now because of the freedom that the Internet Lifestyle allows, regardless of what’s happening otherwise in the world. If you ever lose your main source of income, you’ll always be able to rely on extra income from your Internet business. Think of how this contrasts to somebody spending their whole life studying to be one thing, and then that industry falls out! Having other sources of income and having less reliance on a single source is always going to be a smart financial move.
2) Offer Your Services to Internet Business
If the thought of starting an Internet business doesn’t appeal to you, there’s an easy way to make extra income while staying at home: offering your services to existing online businesses.
Even in my business, I’ve hired numerous quality contractors for graphic design, customer service, and other projects over the years, all through online contractors.
Ask yourself how you can be of value to other small businesses. Is there a way you could improve their systems? Unique skills you could offer to them that would benefit their business?
By asking yourself how you can be of value, you’ll never run out of work as you’ll always be able to offer something. You never become obsolete!
Skills that you can pick that are always in demand include:
- – Graphic Design
- – Web-mastering
- – Virtual assistance
- – Proof-reading/editing
You can sell your services through third party companies like www.elance.com but you can also secure a job with a company that you’d like to work for by contacting them.
3) Become an Affiliate
You don’t need to start an Internet Business to make extra cash online. You can sell other people’s products (that they’ve already put all the work into) through affiliate programs.
All you need is a mailing list where you send some good content regularly. To build a list, I recommend either placing ads on Google (do some research on this first so you know the ins and outs of getting the most bang for your buck) or building a website where you regularly upload great content, and drive people to that site and encourage them to sign up for your mailing list.
Then, send out regular content-rich emails to your list, but also include some promotions for affiliate programs.
Select affiliate programs that make the most sense to you and that you ultimately can sell the most of. You can check out www.clickbank.com for some ideas. Also check out my own program at www.healthandprofits.net
With this setup, you don’t need to create your own products, and you eliminate any need for customer service, bookkeeping and typical major business expenses. You just receive checks in the mail!
4) Write Your Own eBooks
eBooks are a great way to earn extra income online. They don’t sell automatically, but they can be repackaged and resold in many ways. Plus, if you write a good eBook, you can always find someone to sell it for you as an affiliate.
How do you write an eBook? Aim at writing 1000 words a day. In just 30 days you’ll have your entire eBook written! For a bigger eBook, count 60 days.
You can also check out my own course on the subject of how you can earn a full-time living writing ebooks: http://www.fredericpatenaude.com/writeyourebook.html
5) Start selling Kindle eBooks
I’ve done various experiments with selling Kindle eBooks before. The first month I started selling them, I made $255. The next month, that amount increased to $305. Then every month since it kept increasing. I’ve had months where I sold over $800 worth of Kindle eBooks, and I know people who sell even much more than that.
I’m not planning to give up everything else that I do and only sell Kindle eBooks, as it’s not enough to make a full living for now. But it’s nice to see that the demand for Kindle eBooks is definitely growing.
Now there are Kindle stores in the United States, UK, France, Spain, Italy and Germany. Plus, anyone, anywhere in the world can purchase Kindle eBooks at any of those stores. If you publish a book in one store, it becomes available in all other stores in the local currency.
These are a handful of tips that you can use to earn a comfortable living regardless of the happenings of the world. What have been your experiences with any of them, and what would you add? Let us know in the comments below!