Always find yourself living pay cheque to pay cheque? You’re not alone. Despite earning a decent salary, saving money can be a challenge when the cost of living is so high and miscellaneous expenses keep popping up left, right and center.
The good news is, thanks to the internet and the rising freelance economy, there are now a myriad of money-making opportunities available to help you supplement your income. Whether you’re working full time, part time or freelancing – there’s an option out there that could potentially work for you.
Here are five ways to add a few extra bucks to your weekly pay cheque – all you need is your laptop and an internet connection.
If you’re passionate about a certain topic
Try: Establishing an online presence
The blogging sphere has become increasingly saturated with a lot of noise and clutter. In order to stand out from the crowd and attain the success you are after – whether it’s money, personal branding or to turn blogging into a full time job – you need to identify a niche you’re passionate about and can provide unique, valuable content on.
This can range from popular topics like fashion and travel, to niche focuses like relationship advice, tattoos or video gaming. Once you’ve attracted a healthy following, you can start to explore ways to monetise your blog. This includes affiliate networks, advertising, creating products for purchase (e.g. eBooks) and collaborating with brands for sponsored content.
Make sure your social media channels are well aligned with your blog and overall branding, to maximise your online presence and earning potential.
If you have niche skills
Try: Selling your services via online marketplaces
There’s a whole new world out there for people working online, anywhere, anytime. If you have skills in a specific area be it, design, writing or digital marketing, join creative online marketplaces and offer your services to those in need.
Online marketplaces such as Fiverr offer a handful of categories where you can allocate your services to people looking for specific jobs such as logo design, google analytics, video editing or web design.
Essentially, you specify what job you can complete, the price of your service and the amount of time it will take. After the first job you will receive a scoring which will help improve your profile and reputation for prospective clients.
This is a great way to build up your portfolio (especially if you work in creative) and to earn money in a flexible and versatile environment.
If you are handy with a camera
Try: Selling your photographs
If you have travelled to exotic locations, know how to take beautiful images and have a good eye for photography, you can sell your photographs to stock photo companies and marketplaces.
This is a great way to combine your hobby with money-making opportunities. Sign up to premium marketplaces like 500px Prime and submit your photos to the portal for sale. If someone’s interested in purchasing, you will be notified and compensated accordingly.
Alternatively, pitch yourself out as a freelancer photographer and work on small projects. There are many bloggers and influencers out there who are looking for photographers to help them create visual content.
Leverage social media platforms like Instagram and Pinterest to showcase your work and to maximise your exposure. It’s a great way to get the word out there and attract prospects.
If you follow international markets
Try: Forex trading
If you have a strong background in finance or economics and devote your spare time monitoring the foreign exchange market, forex trading is a viable option to consider. Markets are open 24 hours a day, 5 days a week around the world, providing great flexibility for those who work full time.
Trading forex can be particularly lucrative if you apply sound trading principles. There are a few options out there so before you sign up to anything, spend some time familiarising yourself with how the market and platform works. Then, trial a demo account and establish a realistic trading strategy based on your individual goals.
If you have spare time
Try: Participating in user testing & market research
If you prefer to supplement your income without additional mental exhaustion from your current job, you can look into user testing or research marketing opportunities.
For user testing, you get paid to visit websites or apps, complete a set of tasks and to share your thoughts. Companies track your movements during the process and record your opinions. The feedback you provide will undergo troubleshooting to ensure the company or brand is offering the best service possible to users.
Similarly, there are many market research companies out there looking for people to share their honest opinions on brands, products and services via surveys. You can also sign up to these and complete as many as you can in your spare time and watch the extra cash flow in. The perks of user testing and market research is that you only have to draw upon your own opinion without any ongoing commitment.