Are you looking for legit ways of making money to supplement your current income? If so, then you are in the right place.

A lady showing a couple of coins which she made: making money

I have noticed that whenever people hear of making money, due to their preconceived notations their minds quickly think of making millions of dollars, some even billions and almost every time they overlook the great opportunities that lay in front of them which can make them a few hundred dollars extra.

You will be surprised how far an extra $100, $250, or $500 a month can go. This extra income can help you to get rid off your debts faster, or even help you save more money towards your emergency fund future use.

For this article, I have compiled 17 ways in which you can make money, not millions or billions but some sort of a supplementary income. Yes, you can make a lot from these ways but that is not the aim of this article. But first,

Consider this scenario

If you can work just an extra one hour every day doing anything like being a taxi (Uber, Lyft etc.) driver earning an average of $10 per hour for 25 days every month, the total extra income you can get is $250 a month.

Say, you choose to save that, or you choose to pay your debts.

After the end of the year that is $3 000 saved (not mentioning interest gains) or $3 000 worth of debt cleared.

What if you put in not one but two hours daily? The more extra hours you put in the better.

You are not alone

I am currently testing the waters too as a part-time blogger and WordPress theme developer. A single WordPress theme client can pay upwards of a $1 000 for a 15-hour job, and I do not even need to have 2 or more clients, all I need is a single client every month paying me $1 000 for a 15-hour job.

With blogging, I am still to make money, but I believe I am on track to do so, in some three months from now.

I know this might sound far-fetched but it all depends on how you:

Setup your goals

When it comes to making money setting up small, manageable, achievable, and realistic targets (SMART Goals) can determine the difference between success and failure.

Do not be a victim of the fallacy of setting up unachievable goals. To begin with, you can set up a target of earning an extra $100 or an extra $250 per month nothing more.

Dedication and Consistency

After setting up your SMART goals, it is important that you put in the work required, as even smart goals are not good enough with no effort input.

Consistency is also key when trying to make money, it is easier to give up after three or so days despite your success.

For me, I have dedicated 3hrs every Friday, Saturday, and Sunday to my side hustles.

Without further delay, let us dive deep.

17 Legitimate ways of making money

1 Get a part-time job

If where ever you live there are easy ways of finding a part-time job, even the ones that pay minimum wages like becoming a restaurant dish cleaner or something similar go for it. It might have a dent on your ego but always remember in the end the results are all that matters.

I think, the simpler the part-time job you get the better.

2 Driving

If you have a small car which is not much of a fuel guzzler then this one is for you. You can become an Uber or Lyft driver, and the best part for driving for Uber or Lyft is that you get to determine your own hours by simply turning your availability from off to on or vice versa with the click of a button.

3 Buying and selling

With buying and selling you must be able to identify products and services that you can purchase at a lower price and resale at a profit. For example, a number of people make millions of dollars buying things for cheap from China and then selling those products on Amazon, eBay, and Shopify for a profit.

4 Blogging

With blogging, you get to create well-researched articles like this one to a group of readers and from time to time you can put advertisements which you can earn money from or you can sell products to your readers such as 1-page recipes for a food blog etc.

This is by no means a simple way of making money yet it’s doable for some.

  • I have a blogging course coming soon! In this course, I will show you how to make a living while blogging with just 15 000 monthly visitors.

5 Writing

There are several websites online that will pay you for writing on their platforms, provided that you are good at it of course. You can easily get paid $25 for a 2 500-word article, that is $750 dollars per month if you were to write for every day of the month.

6 Freelancing

They are many opportunities that you can take up from designing, programming, video editing, voice-overs most of which are location independent. For starters, you can go over to Fiverr.com to see the various choices of fields.

If you sign up, you then get gigs starting from $5 per gig to over $1 000 per gig depending on the quality services you offer.

7 Picking up extra shifts /overtime

If there is an opportunity for you to pick up extra shifts or overtime at your current work place, please by all means do so, this is one way to supplement your current income without get out of your comfort zone.

8 Renting equipment

Most equipment is generally expensive to purchase, especially when you want to do a one-time job. There are a lot of people who are looking to be leased, or higher equipment for their one-time jobs.

So, if you have equipment such as construction equipment, you can hire it. If you do not know how much to charge start with 5 percent (a rule of thumb) of the cost of purchasing that equipment.

9 Peer to peer lending

I head there are platforms that you can lend your money in many countries and when you get it back you receive interest on top. The best part with peer to peer lending is that you get to charge huge interest rates as most of the people who borrow through this method are not creditworthy.

In my country the most common form of peer to peer lending is among friends and firmly, remember most people do not know how to manage their money and often leave in a borrow – payback loop.

If you were to start with a $1 000 with 10% compound interest per month then after 12 months you will be having over $3 000.

10 Write an eBook.

There is a market out there of eBooks. An eBook can be as small as 10 000 words selling at a recommended selling price of $2.99 on Amazon, you just have to write it once and you will be able to sell it over and over again.

The best part is, if you do not know how to write it, you can outsource the services of a writer from sites like Fiverr.

11 Sell online courses.

I think you have noticed the surge in the number of online course sites, this is due to the high demand that has arisen for online courses.

A typical bestselling course can be made up of seven, 7-minute-long videos, podcasts, or articles and can be sold at $9.99, and the best part is that you can create the course in one weekend, using things that you already have such as your phone camera, computer and a thorough internet research.

You can create a course and sell it on sites like UDEMY, Teachable etc. if you were to get $5 from each person who buys the course, you would just need a hundred individuals to buy every month to get $500.

12 Baby Sitting

If you are patient and good with kids, this one is for you.

You know parenting is extremely exhaustive at least that is what I am told, often parents must leave their kids behind to go to work or go for a night out and they always will want to leave their kids in safe hands.

You can offer your services of staying with the kids while the parents are out. Say $15 per hour.

If you have been given the trust to stay with someone’s kids please do not abuse the trust even though you may be in it for the extra dollars, put in some reasonable effort to make it valuable for the parent or guardian who has placed you in charge.

Besides, you might want to be called again or maybe referred leading to more income.

13 Bake and Sell cakes

Everyday millions of people celebrate birthdays and events eating cake. Last year I financed three of my travels from money that I generated from baking and selling personalized cakes. You literally can make hundreds of dollars from home using things you already have.

14 Teaching Crafts

Almost everyone is an expert in one field, you can offer teaching lessons for everything, I know of someone who charges $150  to teach people how to bake cup cakes? You can even teach people skills like welding, you will be surprised how many people are looking to learn these crafts.

15 Airbnb

Do you have an extra room in your apartment? Because if you have you can make money from it by sharing it with strangers for a day or two.

However contrary to what other people say, I do recommend you take extra caution if you have kids, strangers at the end of the day are strangers.

16 Join A Referral Program

Almost all companies offer rewards to people who bring them customers to their business. The rewards are mostly in form of money and product vouchers. The more people you refer the more you can make. so, why can you not just find a referral program that you can join and make money

Most popular are car dealerships, plus the good side is that you can make up to several thousands of dollars for just one successful referral.

17 Low-Risk Investing

This one is for those who already have some money saved on the side. You can invest your servings through

  • Real Estate Investing
  • Government Bonds
  • Certificate of deposits
  • Mutual funds

The average rate of return you can get from this ranges from 5 percent to 15 percent per year, which is very impressive. Although the only key to success in such, is to first invest in the knowledge on how to go about it or to higher a portfolio manager.

Here is where people often fail,

Most people make the mistake of taking these side hustles less seriously, hence the high failure rates. Remember that, like any other business you will need to start advertising and spread the word so that you find customers and clients.

For starters, you can make simple black and white flyers in word and pass them around. I am not sure if this is legal in your country but in mine, whenever I am launching a new side hustle I do wait at a traffic light intersection and pass on to 1000 cars that pass through.

Usually, this is enough for me to pick two or three clients and get started with a bang.

Video

I have found it difficult for me to leave out this helpful illustrative video that I have found on YouTube summarising everything I have been saying here about ways of making money. Please, please check this one out.

 My recommendations

We have all heard about the phrase, “do not put your eggs in one basket”, so why should you depend on your pay check alone.

Do not try to do it all at one time, but rather choose at most two ways of making money from the list which you will pursue in the next month or so.

You can then discard the one which is not doing quite well with time. If you think that there is nothing that suits your calibre, you can go through the reference below for more options.

References

I could not base this whole article on my experience alone as it was limited, so I chose to consult a few relevant books, articles, which I would like to give credit to.

Here is a list of resource that I used when I was doing my research

Now it is you turn!

Which method of making money have you ever used before? Or which method do you want to try? Either way, I do like to hear from you, so make sure that you leave a comment below and I will get back to you as soon as I can.


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