With these part-time jobs you can earn money until you sleep
This article was translated from our Spanish edition using AI technologies. Errors can occur due to this process. Opinions expressed by Entrepreneur Contributors are their own. This article was updated on January 15, 2021
It’s no secret that we run the aisles in a ” Gig economy The typical 9-5 working day is slowly becoming a thing of the past with the advent of qualified freelancers who are able to have six different sources of income flexible working Hours.
If you are looking for a job or a full-time job but want other sources of income, I highly recommend one additional work . Before I started working on our startup Due, I mixed four or five different projects at the same time. I could work in peace and I had direct control over my potential income . Even now that I work full time, I won’t stop exploring new opportunities.
If you’re looking for alternatives for a different income, take a look at these four part-time jobs anyone can start today.
1. Start your blog
One of the most popular ways to get extra income is to start your own blog. Generating significant income from a blog (or any other income) takes a lot of time. If you want to make money quickly, this is probably the best place to start. If you’re willing to invest enough time, it’s worth the investment.
To start with, I recommend that you choose a topic that is very close to your heart. In this way, you can produce meaningful and amazing content. Next, choose a domain name and buy a server. WordPress offers a variety of options if you want to create and condition your own blog.
It’s best to focus on content that is useful and that will grab your audience’s attention. For example, when writing a travel blog, focus on the best places to see or eat out instead of how much you miss your dog and home. Here are a few ways you can improve your blog:
Find sponsors: Whether it’s a logo or a special page, sponsorship is a great way to create constant flow to your blog. For example, if you have a fitness blog, look for sponsors from brands related to the topic to help you gain more appeal.
Sell advertising space: This is a problem because you don’t want to scare off your readers with the clutter of a blog with ads. Try to use native advertising strategies to manipulate the ads from the content.
Invite contributors: Other bloggers in your industry may want to pay for guest ads or paid content. This is a great way to make some extra cash while producing more content.
2. Equity crowdfunding
In contrast to premium-based crowdfunding, equity crowdfunding allows investors to purchase real securities for their investment.
I suggest looking at some equity crowdfunding platforms to familiarize yourself with the process. Crowdfunder is a platform that acts as a market for both investors and startups. Indiegogo also offers equity crowdfunding opportunities. Both platforms also offer plenty of information so that you can educate yourself before investing.
If you already work for a startup, this is a great way to meet other companies. It also gives you perspective on both sides of the fundraising process. As an entrepreneur, you have to constantly expose yourself to new facets of the business. Equity crowdfunding is a great learning experience and potential income opportunity.
3. P2P lending
Peer to peer Loans enable individuals to obtain loans without having to deal with banks or other institutionalized lenders. Platforms like Lending Club and Thrive allow almost anyone to become a lender.
These platforms are very popular with individuals and companies looking for a quick and easy loan. However, the interest rates on these platforms are usually higher. The average interest rate for LendingClub in 2016 was around 12 percent, with more than $ 300 million in interest payments received. When you have some extra cash lying around, peer-to-peer loans are a great way to get your money to work.
These platforms also help lenders by researching and rating borrowers. The general rule of thumb when investing is to hedge your bets, so never put all your eggs in one basket. Before you begin, check out some stats from Lending Club.
4. Outsource a micro business
This is one of my favorite part-time jobs as it will test your true skills as an entrepreneur. Being an entrepreneur means being resourceful and creating opportunities out of nowhere.
I remember when I was working on my first startup. I had a friend who asked me if I knew how to develop a website. Since I didn’t know anything about web development, I gave him a short answer: “Yes, of course.” I ended up finding a developer and helping my friend build his website. Since this was a good friend, I didn’t charge him, but I realized that he had created a potential opportunity.
Be it web development, graphic design or even marketing, there are many ways to profitably connect buyers and sellers. Platforms like Fiverr and UpWork give you access to thousands of tons of freelancers with different skills and experiences. Once you can block some projects, I recommend finding a virtual collaborator to whom you can delegate most of the work. You could create a virtual development store without leaving your home.
No matter what you current financial situation is , it is always important to look out for new income opportunities, especially those that Make money while you sleep . If you are a mundane business owner, try one of these part time jobs so you can move forward and reduce your earning potential.