10 Ideas on how to make money by making extra income

January 10, 2024 Noeurbdok168

It’s time to find out about ideas for making more money . This way, you can now put this strategy into practice and start increasing your monthly income.

Below, see 10 ideas for activities to do and earn extra income!

1. Sale of sweets and lunch boxes

The sale of sweets, cakes, pies, savory snacks and lunch boxes can help you earn extra income without the need for large investments . After all, you can start with enough capital to make the first dishes and, with the money from the sale, invest back in the business.

However, it is important that you are familiar with gastronomy and confectionery, as, without this, it is more difficult to overcome challenges in the kitchen. It is also worth remembering that pricing needs to be done carefully to arrive at a value that covers expenses and brings profits.

To do this, it is necessary to list all expenses with ingredients, costs with water, electricity, gas, packaging, as well as space and time for cooking. Furthermore, you need to include the value of your work and the profit margin to arrive at the sales price.

2. Resell products

Another alternative to earning extra income is by reselling national and imported products. In it, you buy a quantity of products and items in wholesale stores or online stores for a more affordable price. Then, just resell the items for a higher price and with a profit margin.

One of the tips to avoid losses in this activity is to research a niche that really has sales demand. After all, segmenting the target audience helps avoid excess stock and is useful for attracting consumers who are more prepared to purchase.

3. Open an online store

Continuing with the proposal to sell items, you can take advantage of the boom in the e-commerce sector to start a business or make extra income. In the online environment, it is possible to sell clothes, electronics, collectibles and several other niche products.

However, it is common to have doubts about how to open an online store, especially among those who are not familiar with the internet. If this is your case, know that there are several platforms that offer all the resources you need to set up your e-commerce in just a few minutes.

Therefore, even if this is your first online store, you will be able to launch your brand, register products and start selling online with just a few clicks.

4. Give private lessons

The internet has made it possible to extend the classroom to the virtual environment, enabling professionals to teach online. Therefore, an extra income option is to teach classes without leaving home, being able to teach activities and subjects that you master. For example:

fitness;
dance;
yoga;
music;
sewing.

It is worth knowing that the biggest difficulty, at the beginning, may be finding students and organizing class time with your regular work. Furthermore, you need to evaluate your teaching to understand whether you can transmit your knowledge objectively to students.

5. Sign up to freelancing platforms

One of the main alternatives for earning extra income is working as a freelancer . In other words, offering services carried out by tasks or projects. In this case, it is possible to explore opportunities within your area of expertise and in other functions for which you have technical knowledge and affinity.

For example, you can have a job, but make extra income by freelancing in translation, transcribing audio, walking dogs and other options. To find these opportunities more easily, you can sign up to specific platforms for freelancers .

6. Rent your car or property

Have you ever heard of car rental for individuals? This can be an opportunity for extra income, especially if you have a vehicle that you don’t use frequently on a daily basis.

There are companies that help you rent your car to other drivers. This way, you don’t have to worry about bureaucracy, such as tracking, fines, insurance and rental management.

Another possibility is to rent properties. If you have an unoccupied property, it may be interesting to rent it to permanent tenants with long-term contracts.

However, if this property is used at certain times of the year, you can rent it on a seasonal basis. To do this, you can use specific applications, which carry out the entire transaction and offer insurance for your property.

7. Work as a driver

If you have your own vehicle, another option to supplement your income is as an app driver. Registration is simple and you only need to have a driver’s license in the required category, a smartphone connected to the internet and your vehicle capable of racing.

Once registered, the driver can choose when he wants to work and accept the races that interest him most. However, it is essential to be aware of the times of greatest demand to take advantage of opportunities to profit.

As with the other suggestions, this is an activity that requires a lot of time, aptitude, patience and vigilance in traffic.

8. Open a virtual thrift store

Conscious consumption is increasingly on the rise. After all, many people have started to evaluate the way they buy to adopt more sustainable and minimalist lifestyles. In this scenario, instead of looking for new pieces in stores, they buy clothes and accessories in thrift stores.

This change in behavior has brought a window of opportunity for those who want to make extra income by selling clothes and objects they no longer use. The alternative is also worth it for those who like fashion and love looking for different pieces in stores.

If you liked this option, know that there are several ways to sell clothes, both in physical environments and online. It is possible to advertise the pieces on thrift store profiles on social networks with marketplaces , own virtual stores or specific platforms, for example.

9. Make crafts

If you have manual skills, such as knitting, sewing, painting pictures, embroidery and the like, you may have an opportunity to earn extra money. This is because crafts are valued, being a pleasurable and profitable activity.

The sale of crafts can be carried out on several fronts, such as at fairs, events, online stores and social networks. Once the products are ready, it’s time to start promoting the work. It is also possible to place orders, which increases predictability.

It is important to keep in mind that selling crafts as extra income requires financial planning . In this case, it is necessary to consider production costs and other expenses related to the business to price the items correctly.

10. Become a digital affiliate

Digital affiliation consists of promoting products or services from other companies in exchange for a commission on sales made. This way, you can generate profit when selling through digital channels, without having to create the products.

There are several ways to become an affiliate and, in most of them, you don’t need to invest money to get started. However, it takes dedication and study, which may, at first, require an investment in the search to expand your knowledge in the area you want.

Furthermore, to be successful as a digital affiliate, you need to have good planning, define dissemination strategies and monitor the results. It is also necessary to always be looking for new opportunities to promote products or services to find the best opportunities to sell.