Ask your parents if they’ll pay you for doing more chores. You’re probably already expected to do chores around the house and help out your family for free. If you need a little extra pocket change, however, ask your parents if there’s something else you can do for a small fee. For instance, maybe your mom really hates folding laundry and would be willing to pay $5 a week for you to do it instead. Whatever it is, let your parents know you’re willing to take on more work for a bit of allowance.
The saying, “a penny saved is a penny earned,” isn’t just a play on words; it’s absolutely true. While there may be an emotional or intellectual distinction, your pocketbook doesn’t know the difference. And at the end of the day, all earned or saved spend the same way.
Whether it’s the end of the month and you’re short on rent cash or you’re just looking to make a little extra spending money for the weekend, sometimes all we need is a way to make money fast (and preferably something you can start today).
“I wanted to be able to spend time with my family, so my aim was to create a lifestyle business that didn’t demand crazy hours, and that would allow me to work when and where I wanted,” says Lawrence.
Thanks to technology, there are more opportunities than ever to buy and resell products for extra money. Plenty of people buy local and in-demand products at a discount and resell them on eBay for profit.
I’m not as excited about the profit potential from podcasting as some other people are. It just seems to me that everyone is doing it and people generally expect podcasts to be free. But if you develop a strong enough following you can sell advertising or sponsorships for your podcast, then you can build a decent business.
A part-time job is the obvious first choice, opted for by most students looking to supplement their student loan. It provides a pretty steady flow of income and can enable you to gain valuable work experience.
Launching a side business that makes money even while you’re sleeping has never been easier. Lawrence Cawood of Vinewave explains how it’s possible to build a multi-million rand business completely on your own, in your spare time, with nothing more than a computer.
“Creating an email list is also vital. Email campaigns have a higher conversion rate than cold Facebook campaigns, and you can incentivise email campaigns with rewards. You can make money by merely pushing ‘send.’”
The video earned the group their third Vevo certification, reaching over 100 million views on March 31, 2016 and becoming one of the fastest videos to reach this milestone. It became fourth most viewed music video of 2016, and the site’s 26th-most-watched video. As of December 2017, the video has surpassed 1.7 billion views. It won Best Collaboration on the 2016 MTV Video Music Awards, and also won in the “Song of the Year” category at the 2017 Nickelodeon Kids’ Choice Awards.
When you get to the customer-retention department, restart the sequence. This is when you pull out your competitive intel on the other services being offered. If Verizon is offering something for $10 less, tell them that. That’s $120 savings / year right there. But you can do more.
They say that a penny saved is a penny earned. Actually, when you consider that you pay taxes on every penny you earn, you really do make more money by saving than by increasing your income, especially if the extra income will increase your tax rate dramatically. For example, let’s say you have a choice between saving $100 or earning an extra $100. If you pay 15% taxes, then when you earn an $100, you only get $85. But when you save $100 off of your existing budget, you keep it all. To sweeten the deal further, if you take advantage of compound interest as found in most savings accounts, over time you’ll start making money on the amount saved plus previous interest paid on that amount saved. It’ll be pennies at first, but eventually the amount will multiply exponentially.
Make sure your site design matches your product. For example, if you make traditionally styled diamond jewelry, having a website that looks like shredded cardboard with edgy fonts and images taped to the cardboard would tend to drive away your potential customers.
Workwear is one of those good business ideas that you can take in a number of directions. There’s the work safety niche which has specialized workwear such as safety shoes, scrubs, eye protection and more. Or you can go into the business man’s workwear and sell suits, ties, dress shoes and other men’s fashion. There’s also women’s workwear where you can sell professional clothing for women such as conservative dresses, blazers, blouses and more. It doesn’t make sense to combine all of these niches since they all serve different audiences. However, within each of these business ideas there’s a lot of room to expand into other verticals.
Register a domain name. Like the name of any other business, go for something short and catchy that will be easy for people to remember. Visit the website of a domain registration company and test out some of the names you’re interested in to determine whether they’re available. Once you land on a good name, go ahead and register it.
I’d love to get your career advice for 15-20 minutes. I’m currently working at Acme Tech Company, but many of my friends work in consulting and each time they tell me how much they love their job, I get more interested. [THE FIRST SENTENCE SAYS WHAT SHE WANTS. MOST PEOPLE ARE FLATTERED THAT PEOPLE WANT/VALUE THEIR ADVICE.]
Another huge issue in the rental business can be cyclicality. When the business is booming, it can be great. When the economy turns, it can be a disaster. I know a highly experienced construction equipment operator who couldn’t pay his bills and nearly went under during the last economic downturn. Eventually, however, he survived and became hugely successful. Another friend did very well renting out Dumpsters in the construction industry even though he had no experience whatsoever when he started.
You could find some space on a busy street, perhaps in a resort area, and equip it with arcade games. But I would try instead renting a cool collection of arcade games for parties. The overhead is less, you could start out with just a few games, and you know how much money you will be making before you go to work!
Nicole Martins Ferreira is a self-employed eCommerce entrepreneur. Her passion for eCommerce is so strong that she works on her website 7 days a week and has never been happier. She is committed to helping others succeed and is constantly learning new tricks to provide more value to entrepreneurs. Follow Nicole on Twitter at @NicoleMarFer
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One thing to keep in mind is that you don’t have to restrict yourself to just one of these e-commerce opportunities. Start out with one and get it going. Then add new revenue streams as you’re able. That will grow your income and ensure that you have something to fall back on should one business start going south.
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This is not only a way to make money but also to save money as a student. If you look at it in a different way then you are making money with every purchase you would have made anyway, whether it be 10% or 0.5% cashback.
If babies ain’t your thing, then maybe canines are… looking after other people’s dogs is big business. Just think that as a student you’re likely to have free time during the day when others are out at work and worried about their pets at home.
SEO (Search Engine Optimization) refers to getting a website to rank higher for certain “search terms” in search engines like Google. When a website ranks higher, it gets more relevant traffic and in turn can make more revenue.