Often, the first step to financial freedom is to set up a side income stream in addition to your full-time job. Imagine earning your current salary and an additional $500, $1,000 or more in income from your side job.
This is not a dream; it’s reality for many people making money on the Internet.
What Job Should You Do?
Not sure what side business you can start? First think of what you enjoy doing because you don’t want your side job to be drudgery. Here are some popular ideas that work for many:
1. Blogging. This isn’t a quick money maker, but over time, you can definitely make a good side income. Some savvy bloggers make $10,000 or more, though those success stories are few and far between. Still, making $500 or more a month is completely possible. Best of all, you can blog about anything– personal finance, parenting, cooking, crafting, photography. Any interest that you’re passionate about could serve as a blog theme.
2. Freelance writing. If you like to write and are good at it, there has never been a better time to be a freelance writer. Gone are the days of soliciting by snail mail and waiting weeks for a response. There are plenty of freelance writing jobs on the Internet. If you have no contacts, get started on Elance or oDesk, and then as you make connections, leave those sites for higher paying jobs.
3. Virtual assisting. Do you have office experience? Are you a bookkeeper or administrative assistant by day? If so, use those skills to create a nice side income from home on the nights and weekends. Again, Elance or oDesk might be a good place to start, but there are also virtual assistant job placement services that you can use.
Once you have decided on your side income job, you’ll need to do a few things to start getting clients:
Create a website. While you may wonder, “How do I create my own website?”, there are plenty of companies that walk you through the set up. You don’t need to know HTML or be a technological whiz. You can have your website set up in a weekend, which is your first step to advertising your business and finding clients.
Learn how to market. While job boards are a good place to start finding jobs, they are often low paying. To find more lucrative jobs, you’ll need to learn how to market yourself. Try sites like Freelance Switch and Social Triggers to learn how to get better jobs.
Get client testimonials. Once you have a satisfied client, ask that person for a testimonial. You can put that statement on your website, which can give new clients confidence in your abilities and skills. As you gain more testimonials, you will likely gain more new clients.
Starting a side business is not difficult. With a few months of hard work and effort, you can begin to earn a few hundred extra dollars a month or more to help you get ahead, whether that means paying down debt, saving for retirement, or saving for college. What are you waiting for?