Extra income – The best options for you

Having an extra income is essential because it helps to ease the burden on your budget, as your expenses become less representative of your total income.

Another interesting point is that you can increase the amount of money you save and invest.

The result is financial freedom and, ultimately, total independence to achieve your goals.

Read on and find out about the best options for increasing your income.

What is extra income?

As the name suggests, this is a form of additional remuneration, earned from an activity other than your main one.

In other words, you have a job and use your free time to earn more money.

People usually work five days a week at a job.

As a result, at weekends they work to supplement what comes into their bank account from their salary.

But before starting to invest time in earning extra income, it is common for people to start taking more control of their finances.

In this way, the aim is to balance what comes in and what goes out, as well as cut spending.

However, in many cases, the superfluous expenses have already been eliminated and there is still no money left at the end of the month to pay the bills or to invest.

That’s why extra income is essential.

Tips for earning extra income online

First, let’s talk about affiliate programs.

Although there are many questions about this, it is possible to earn money this way.

You should know that this is a digital marketing strategy.

In this sense, you become an affiliate partner and earn a commission by promoting and selling someone else’s products or services.

This is usually done using referral links to content on the internet.

For example, a digital influencer recommends a certain product on their Instagram and posts the link for their followers. 

In simple terms, they receive a commission if a sale is made through their unique referral link.

But how do you become an affiliate to get extra income?

As we mentioned above, you can work as an affiliate on social media.

There are also two ways, the first of which is to create a blog or website in your niche.

There are several options, the main one being to create a blog or website using WordPress.

This is a simplified platform, where any user can build a website quickly and professionally in minutes, even if they don’t know how to code.

Secondly, you can choose affiliate products to promote.

To do this, it’s essential to define products that fit your niche and are related to your content.

After that, join an affiliate network.

And in case you’re wondering how much an affiliate earns each month, here’s how:

According to Niall Roche of Authority Hacker, there are 4 categories of affiliate income.

In the initial category, the salary is from $0 to $1,000 per month.

Digital products for extra income

Selling digital products is one of the most popular ways of making money online.

Therefore, there are many options, such as structuring and selling e-books, online courses, templates and plugins.

The advantage is the ease of production and distribution.

This is because, in the case of a course, you invest your time in producing it and can sell the same product to different people.

The ideal would be to identify a niche market and produce quality content for extra income.

To do this, produce a course or e-book on something you actually have skills and knowledge in.

And as well as investing in creating good content, share it on social media and other channels.

Also, be aware of your audience’s preferences and learn from their mistakes.

By doing this, you’ll be able to create better products that really add value and solve problems.

YouTube channel 

It’s a mistake to think that you can only generate revenue on YouTube by advertising with display page ads and in the Shorts feed.

Through this network, there are 5 more options for you to earn money and have a extra income.

For example, with the Shopping tab, your subscribers have access to products from your store.

If you use an affiliate strategy, you can also promote your partners’ products through this tool.

Another interesting option would be to generate revenue from Youtube Premium.

Basically, you receive part of a subscriber’s subscription fee when they watch your content.

Fourthly, you can make money with the channel club.

It works like this: members make monthly payments to access special advantages.

There are also super chats and super stickers, where subscribers pay to highlight messages or animated images in live chats.

Finally, with the “super thanks” feature, subscribers pay to send a funny animation and highlight the message in the comments section of the video or Short.

And of course, the following question often arises in the mind:

How much extra income does a YouTuber earn?

Although the amount changes depending on different aspects, small creators earn between 50 and 100 dollars a month. 

Let’s take a look at the factors that affect earnings on this platform:

Firstly, talking about advertising revenue, you should know that creators earn around 55%.

In other words, for every $ 100 an advertiser spends, Google pays $ 55 to creators. 

Another factor that differentiates the earnings for each YouTuber is the number of views.

The platform uses a revenue per 1,000 strategy, so 1,000 views generate between $1.61 and $29.30 of extra income for long videos.

In the case of short videos, the revenue is between $0.04 and $0.06 per 1,000 views.

One of the main reasons why one YouTuber earns $1 at the same time as another YouTuber earns $29 would be the niche.

For example, some of the most lucrative niches are games, funny and entertaining videos, music, ASMR, lifehacks, education, personal finance and lifestyle.

But remember that this is just one of the ways to make money on YouTube (advertising with ads).

In this case, we say that the channel is monetized, but this is not guaranteed as soon as you create the channel.

To be monetized and get an extra income, you need to have 4,000 hours of viewing in the previous year and 1,000 subscribers.

In the case of short videos, you only need to have 1,000 subscribers and 10 million valid public views of Shorts in the last 90 days.

Once you have achieved any of the above, you can sign up for the YouTube Partner Program and monetize your channel.

Translating texts

To make money from translating documents, you can sign contracts directly with people or join specific websites.

In addition to texts and documents, you can also be hired to translate videos for extra income.

The price of translating into another language varies according to the following factors:

First, one takes into account your qualifications and experience.

More experienced and qualified translators generally charge higher fees.

Secondly, the type of text, including its length and complexity, changes the price of the translation.

For example, legal or technical texts may require a higher level of expertise, so you may charge more.

On the other hand, there are languages that are more in demand, such as English and Spanish.

In short, the cost of living and average salaries in a given region can have an impact on the rate charged for translation services.

But generally, freelance translators charge between $0.10 and $0.50 per word.

Selling photographs for extra income

A digital photographer is a professional who uses technology as an ally when it comes to taking photos, storing, processing and selling them.

People who buy photos online are usually newspapers, publishers, magazines, agencies and content producers.

And if you prefer to register with an image bank, you should know that the average price per image is $0.02.

Professionals, on the other hand, receive between $0.05 and $0.25 per image per month.

Tips for earning extra income offline

All the alternatives mentioned above can be done without leaving home.

But if you’re looking to increase your income through physical activities, you could become a delivery person.

The first solution would be to deliver food. 

When people are busy, the last thing they want to do is shop or spend a few hours in a restaurant waiting for a meal. 

So they turn to food delivery services. 

So you can take advantage of this by registering with apps and earning extra income in your spare time.

For example, through DoorDash, you can become a partner to deliver food to customers in local restaurants.

Although the amount you get depends on the restaurant you choose, you usually get between $15 and $25 per hour. 

Secondly, there is the option of package delivery.

In the past, Amazon relied on companies like UPS and FedEx to deliver packages. 

But nowadays, the company uses its own delivery program called Amazon Flex.

In this case, you work as an independent service provider and can deliver traditional packages, groceries and other items.

Sell food 

Let’s say you work in an office or beauty salon.

As well as earning your salary from work, you can also take advantage of your breaks to sell natural snacks, cookies, healthy cakes, cereal bars and more.

In this way, you allow your colleagues to eat properly in between the main meals of the day, while earning extra income.

On the other hand, let’s think about a person who has contact with many parents, perhaps someone who works in a nursery.

As a result, they can make healthy baby food to sell to those who want to give their children a 100% natural diet.

Many parents find it difficult to prepare balanced meals for their children in the midst of such a busy routine.

When you see this problem, work on developing a solution!

Work with baby food or even natural snacks to take to school.

On the other hand, if you work in a gym, you can sell food to people on a low-carb diet.

This type of diet is essential for those who want to lose weight in a healthy way, while at the same time controlling their body’s glycemic levels.

The interesting thing is that you don’t have to limit yourself to just lunch or dinner, but you can also sell breakfast and dessert food.

Other options for those who want to sell food for extra income

As a dessert, you can invest in vegan brigadeiro.

Brigadeiro is a traditional Brazilian dessert whose origins are uncertain.

The most common theory is that it was created by confectioner Heloisa Nabuco de Oliveira.

It is made from condensed milk, cocoa powder, butter and chocolate sprinkles on the outside.

But over the years, new recipes have emerged, including the vegan brigadeiro.

In this sense, it is made from bananas, brown rice, oatmeal and other ingredients of plant origin.

Interestingly, the brigadeiro can be sold as a dessert to colleagues at work, as well as for parties.

Have you ever thought about selling homemade bread for extra income?

In addition to the regular version, you can learn to make lactose- and gluten-free products in order to stand out.

Finally, bear in mind that the wave of healthy consumption not only applies to people, but also to animals.

One of the most profitable sectors of the pet market is food, and you can invest in natural dog food.

Although you need a professional at your side because the recipes must be prescribed by a vet, this is proving to be a very lucrative sector.

Extra income from second-hand store 

Hasn’t the time come to do some super-cleaning in your closet, your children’s closet or your partner’s closet?

Surely you and your relatives have clothes that you simply don’t wear any more and could be used to earn money.

What you don’t wear, either because it no longer fits or because you simply don’t like it anymore, can be very useful to other people.

And rest assured, there are people willing to pay for these things. 

Crafts

There are many options for craft products that can be sold.

For example, you can make handmade soaps to sell as gifts or souvenirs.

This item conveys care and delicacy, as well as being easy to produce.

To differentiate and surprise your customers, you can innovate with colors, shapes and scents.

It’s also worth talking about how to knit or crochet for extra income.

By learning the technique, you can start selling baskets, rugs, accessories and clothes.

The most interesting thing is that, because it is 100% manual work and takes time to produce, they have a high added value on the market.

In addition, you can sell handmade candles that can be used both to scent the room and for decoration.

Candles are excellent gift options and even for your own use.

Renting out rooms in your house

This is not only a form of extra income, but also an alternative for achieving financial stability.

This strategy offers numerous benefits compared to other types of investment.

For example, the cost is low, because the most you need to do is paint the walls and have basic furniture such as a bed, a table and chairs.

In other words, there is great potential for profit without having to invest a lot of money.

What’s more, it’s a passive income because all you have to do is find someone and rent out the room to make money every month.

But in this case, we recommend that you be careful because this way of earning extra income is not without its risks.

Make sure you know exactly who you’ll be welcoming into your home before you close the deal.

Transport app driver

If you have a car sitting at home, now is the time to make money from it!

To do this, sign up for apps to become a driver in your spare time.

The basic requirements include the following:

Having a car and proof of insurance, as well as a driver’s license.

In addition, some apps, such as Uber and Lyft, also have vehicle age limits.

Also, you usually need to have a license of one to three years to qualify to drive for most driving app services in order to earn extra income.

On the subject of apps, especially Uber, you should know that there is an Instant Pay system.

As a result, you get paid five times a day.

Lyft also offers fast payment methods, via Express Pay or Lyft Direct Debit. 

As for the amount you get paid, be aware that it changes depending on where you want to work, the distance you travel and the time you drive.

Typically, you’ll be paid between $17 and $29 per hour, not counting the possibility of receiving tips from passengers.

Extra income from daily tasks

TaskRabbit is a micro-job site known for matching manual laborers and contractors with clients who need help with daily tasks. 

Services include delivering items to customers, cleaning gutters and assembling furniture.

Taskrabbit’s average hourly pay ranges from approximately $17.44 per hour for an office administrator to $30.00 per hour for a cleaner.

The above information was obtained through 32 data points collected directly from employees, previous and current job postings, and users.

However, the minimum wage changes depending on the jurisdiction.

In other words, you should consult your employer to find out more about the salary.

Become a dog walker for extra income

A dog walker helps look after a pet, offering care and exercise when the owners are unable to do so.

The great benefit of doing this is that you have the freedom to set your own hours.

In other words, it suits students who need extra income.

In the UK, the average salary for a dog walker is £9.86 per hour. 

A dog walker’s salary is $2,980 per month, in the United States.

According to ZipRecruiter, salaries range from $1,167 to $ 4,458 in the USA.

However, be aware that this varies depending on your level of experience and the number of competing dog walkers operating in the local area.

To earn more money, look for other alternatives.

For example, they offer residential care such as dog-sitting.

Perhaps one of your clients has to go away for a week on business and doesn’t want to leave their pet in a dog hotel.

So you could offer babysitting services to earn more money.

Another point that guarantees an increase in a pet walker’s salary is experience in dog training.

If you love animals, you could take a training course to offer this type of service and increase your extra income.

Thirdly, you can also get first aid qualifications for pets.

There are various certifications you can obtain that help you provide emergency first aid in the event of a pet being sick or injured. 

This makes the customer understand that their pet is in good hands and is willing to pay extra for it.

Tour guide in your city 

A tour guide is a professional who gives tours of places to travelers.

In addition, the guide can direct the traveler to a specific activity or attraction.

In other words, you can be a guide focused on history.

You learn about the history of a particular place, as well as the monuments and museums.

As for adventure tours as extra income, the aim is to promote a lively experience.

The activities include hiking, biking, kayaking, and white-water rafting.

On the other hand, walking tours are a great way to see a city or town on foot.

These tours usually last a few hours and cover a certain area or theme.

Finally, bus tours are a great way to cover a lot of ground in a short amount of time.

This way, you’ll find job opportunities in travel agencies, companies and websites.

At the same time as guiding, the person is also responsible for providing information about the place.

Note that this can be an excellent alternative for extra income, because if you know the city you were born in, you can become a tour guide.

However, you must be responsible and know how to direct people to places that are safe.

Of course, the amount you are paid changes depending on the city and, generally, in larger cities, guides are more in demand.

As a result, the salary is higher.

For example, in New York, a guide can easily expect $40-50 per hour for each tour.

But in cities where demand is lower, the same guide can be paid $20 an hour.

Extra income and financial organization

Finally, we’d like to make the following clear:

It’s not enough to know how to earn more each month by selling products on the internet or becoming a dog walker!

It’s essential that you know how to use the extra money wisely.

So, when you’re able to increase your income, ask yourself what you’re going to do with it.

Have a goal in mind, so you don’t spend money on useless items.

Think about what you would like to achieve in the short, medium and long term.

For example, maybe buying a cell phone is a short-term goal.

Buying a car is a medium-term goal and, in 10 years’ time, your goal is to buy your own home.

Keeping all this in mind allows you to use the extra income wisely.

Another interesting point would be to keep track of your money coming in and going out.

To do this, you can use a financial manager.

There are various apps and websites that allow you to organize your finances so that you know what you’re spending every penny you earn on.

Here, you need to be honest with yourself and simply eliminate unnecessary spending.

Analyze where you are spending more than you should and reduce or cut what you can.

Once you have set goals, this will be easy because you will keep in mind that by getting rid of unnecessary spending, you will finally achieve your dreams.

On the other hand, it’s essential to set a spending ceiling for each category of expenditure:

For example, use 50% of your salary, including extra income, for essential spending and 20% for additional spending.

As a result, you can use 30% of your income to plan your future.

Finally, you should invest.

Know your investor profile and start investing so that the money you already have multiplies.

With these simple actions, you will increase your wealth through extra income.

Daniel 2 de April de 2024