Cutting back on expenses will only take a person so far in reaching a savings goal. Making money in a part-time job or business offers an excellent alternative to raise much-needed cash for life’s necessities and guilty pleasures.
There are many viable and interesting ways to earn some extra income. For a motivated person, there is no limit to opportunities available for taking on another job or creating a small business on the side. Below are a few options worthy of consideration.
Tutoring
Professionals with success in scholastic endeavors who are interested in teaching others can earn extra money assisting students and adults who need help. There is no shortage of opportunities in this field. In-home tutoring and online assignments are two available options.
An ambitious tutor who can market and find their own tutoring clients can earn as much as $50 per hour on a regular basis. For those who don’t have the time or inclination to do their own marketing, they can work for established tutoring companies and earn a portion of the full fee, which is usually between $15 and $25 per hour. Some tutors earn as much as $100 per hour for test preparation tutoring.
Freelance Assignments
There are several organizations like Elance.com where a person with skills can offer their services to others. Graphic designers, programmers, and writers can find many jobs to bid on as freelance professionals. Anyone with an expertise that is in demand can market their services to others. While bidding sites like Elance.com are an easy and recognizable place to market skills, the bidding process often drives the price down. Typically professionals can earn more by finding clients on their own.
Selling Crafts
Selling crafts is an excellent business for anyone who has a hobby or enjoys creating something worthy of selling. Craft fairs are one way to get items to market. Another way to sell your crafts is by posting them on Etsy.com. Pinterest is another online way to promote interest in crafts. There is always a market for the one-of-a-kind crafts that are unique and high quality.
Direct Selling
One good way to save money and make money at the same time is to sign up to sell a product that you will get a discount on when you buy it. For example, women who buy Avon products can earn money and save money by selling the products. The added advantage is that an Avon representative can also get a discount on her own products. A part-time business also allows a person to write off certain expenses which can shelter taxable income. These deductions can save money on taxes owed.
