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Four Ways to Supplement Your Income

Tips to Earn Extra Money Aside from Your Day Job

  1. Become a consultant in your field.
    Use the skills you already use in your 9 to 5 job to help you earn extra money while building more experience. For example, a graphic designer could take on jobs to create wedding invites. The best way to find work is through word-of-mouth and networking sites like linkedin.com. Before you get started, you'll want to get permission from your current employer to ensure your side work won't interfere with your full-time job.
  2. Declutter your house.
    Clean out your closets to explore many different money-making opportunities. You can donate to a tax-exempt organization to earn a tax deduction. You can also sell items on craigslist, eBay, have a garage sale or sell your items through a consignment shop.
  3. Turn a hobby into a business.
    If you enjoy making a craft—greeting cards, for example—consider selling it at craft shows. Before starting, be sure there is a market for your pieces. Go to craft fairs, and visit websites like etsy.com. This will also give you an idea of prices people charge. You can also talk to people who have similar businesses to weigh out the pros and cons.
  4. Consider becoming a landlord.
    If you have unused space with private entrances and bathrooms, this could be an option for you. To get started, contact your homeowners association, county assessor or inspector to see if this is even a possibility. Remember that you are responsible for the upkeep of your property.
 

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