Boosting your income just a little bit can go a long way. A 20-year-old, for example, who invests that $100 every month in a plain fund that tracks the S&P 500 will retire a millionaire. Here are 9 ways to generate an extra $100 a month.
- Join an Affiliate Program: An affiliate program can offers great products and pays commissions for referring other people to the group. Over the course of time it could change your life as you earn commissions off your referrals’ referrals.
- Sell on Ebay and Craigslist: That stuff sitting around collecting dust is valuable to somebody. Do some spring cleaning by selling some extra things around the house, or do some bargain hunting and flip your findings for a quick profit. Get a list of wholesalers and drop shippers to source hot products that move fast to sell.
- Online Surveys: Get paid to take free online surveys. Completing just a few online surveys a month can be a quick way to make an extra $100/month in your spare time.
- Word Processing: There are a lot of people who do not have a computer or know how to type well. Advertise your
services to type up reports, letters and documents. - House Sitting: People who travel need their plants watered and their dogs walked. Put an ad on craigslist.org for your services and see if you can get paid to watch over their house for them.
- Design Websites: If you are technically and graphically savvy, building custom websites can be a lucrative side business.
- Baby Sit: Babysitting can pay handsomely if you create a niche for yourself.
- Donate Plasma: Donating plasma is a process similar to donating blood, but pays about $25 and can be done once a week.
- Mystery Shopper: Mystery shopping pays you to go shopping. Retailers and shoppers will pay you to pose as a legitimate shopper, even though you are actually rating employees and the store on attitude, cleanliness, etc.
Millionaire Money Habit: A small amount of money can go a long way when The Power of Compound Interest kicks in. Not having enough money to invest is an excuse that can easily be solved with a little extra effort.
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I didn’t know you could make that much money from filling out those survey offers.
This is a really inspirational article, I was going to moan about the lack of specific details because I wouldn’t know how to start those lucrative side businesses, but I suppose its up to my initiative to search for the business plans.