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5 Business Ideas That Can Give you Extra Income

1. Offering content writing services.

If you have a way with words, you can use that skill to write for businesses who need web content, articles, blog posts, and press releases. By creating a freelancer profile on some of today’s online platforms, you could generate up to $50 an hour with the right clients.

In addition, you don’t have to stop at just writing. Content creation comes in all shapes and sizes, and businesses worldwide are looking for various videos, infographics, and images for their websites, blogs, and social media channels.

2. Utilizing previous assets.

If you have worked on specific types of projects and have created a valuable template that has proven to be consistently bulletproof, then you can sell this. Templates go further than simply web design, others include, but are not limited to:

  • Presentation templates
  • Proposal templates
  • Sales and demo templates
  • Infographic templates
  • Resume templates
  • Email templates
  • Marketing templates

You can also make more money by offering people packages whereby your template comes with content specific to your clients’ project. This could be anything from a marketing bundle to photography bundles and more.

3. Utilizing previous assets could also involve you:

Selling your photography
Selling notes you’ve taken from a book, video, film or conference
Buying and selling websites domain names
Related: How to Sell Your Extra Stuff

4. Offering personal loans.

Investing in the right people can have its benefits, which is why smart people tend to make calculated decisions with their money, one of these being peer-to-peer lending. It may seem like a risky game to start playing, but lending companies have created new ways for anyone with money to become lenders, safely. Simply put, you sign up on the website, they find a borrower that matches your lending criteria, and you lend that person money (with interest).

5. Property rentals

Smart people use all the resources they have to make a spare buck and this includes their home. If you have a spare room that is more often that not empty, spruce it up, and put it on AirBnB. You could generate enough money to pay your mortgage and even some spare cash, depending on where you live.

If you have a second home that you only visit during the holidays, rent it during the time you are not using it. By treating it like a business, you could turn this into your primary form of income.

Finally …
The key to making extra money is not being smart, but finding smart ways to generate new forms of revenue. The creative ways outlined above may require a small initial time or monetary investment, but these can eventually be automated usually, creating a diversified money-making machine that will make sure you don’t have all your eggs in one financial basket.

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