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Surviving off a single income is becoming more and more of a challenge these days.
Just about everyone is looking to make some additional cash outside of their 9-5. Who couldn’t use more cashflow?
It’s understandable, because relying on a job as your only source of income is tiresome.
Making money yourself without having to punch a time card at corporate is very satisfying.
You’ll find all sorts of tips online about how easily you can make some extra money. Unfortunately, most of them aren’t realistic or helpful.
If you are looking for a list of methods to get rich without doing any work, this isn’t it.
What you will find is a list of legitimate ways that can produce an actual income.
So, whether you want to ditch your employer entirely or just start something on the side, here are 15 ways to make money without a job.
1. Become a Reseller
Flipping new and used items is a great side hustle, you can even end up doing it for a living. I resold used items on eBay for a few years.
It helped me pay rent and other bills while I was in-between jobs.
It’s a fun experience, and you can start making money pretty quickly. You can find items to flip at discount stores, yard sales, around your house, or even on eBay itself.
There are tons of opportunities when it comes to being a flipper.
Reselling has grown to be widely popular thanks to television shows like “American Pickers” and “Storage Wars.” Focus on things that you’re an expert in; it makes it easier to determine the value.
If you try to flip stuff without proper knowledge or research, you can end up overpaying.
For even better results, look for items that are in demand or somewhat rare.
Being a flipper is somewhat like being a treasure hunter. Now get out there and see what you can find!
2. Trade or Invest in Stocks
My favorite revenue stream comes from trading and investing, so I had to include it on this list!
Investing is more passive than active trading, making it a preferred choice for someone with less time.
You can start with little cash nowadays thanks to the advances in fintech and zero-commission brokers. However, if you are going to get into trading, it’s better to have at least $2-$3k available.
Don’t trade with your emergency savings or money that you need to survive.
For investing, you can chuck any amount of cash into an automated platform like M1 Finance. Do some research and pick some quality stocks or index funds to invest in.
For trading, the best advice I can give you is to make a solid trading plan and stick with it.
Both trading and investing take a lot of practice, patience, education, and dedication to become successful.
Don’t get into it, thinking you will make a fortune overnight, but you never know.
3. Do Some Freelance Work
A freelancer is someone who provides a service like writing, web/graphic design, accounting, marketing, and more.
The gig economy is booming, and freelancers with the right skills are in high demand.
To succeed as a freelancer, you’ll need to market yourself well. There are many well-known freelancing services available, like Fiverr, Freelancer, and Upwork.
The internet makes it relatively easy to find clients. You get to choose your hours and have the freedom to work where you want. It’s perfect for people who want to work at home or for those that travel often.
Becoming a freelancer has low startup costs. You probably already have everything you need to get started.
How much you make depends on your experience and what tasks or services you’ll be performing.
It’s a competitive field to get into, but if you can produce quality work and network well, you’ll make good money.
Figure out what you can offer and start looking for clients that can benefit from your skills.
4. Create a Website
Ah, yes, one of the most popular ways to make money without a job, creating a website! There are several opportunities to make money with websites.
You can create an online store, blog, affiliate site, build an e-mail list, sell ad space, etc. The list goes on and on.
You don’t necessarily have to create content either. Instead, you can make websites for small businesses.
Many bloggers and companies don’t want to deal with creating a website themselves, so there is plenty of demand for it.
Creating a website can be inexpensive, depending on how you approach it and what kind of site you want to create.
Make sure you put together a solid plan before diving in. Most of the ways to make money from a website can take some time.
You won’t be raking in the dough overnight. If you do plan to make money with a website, be consistent and think long term.
5. Write an E-book
Writing and self-publishing an e-book is a popular way to make passive income. It’s going to take some work at first, but once your book is completed, you can sell unlimited amounts of copies.
It’s free to use Amazons Kindle Direct Publishing, and you gain access to their massive customer base. The only hard part is writing the book.
Self-publishing without going through Amazon means you get to keep more of the profit.
If you do go that route, you will need to market and advertise your book successfully.
Like everything else, writing takes practice, and writing an entire book takes time. You won’t make any money until you’re able to sell your completed work.
It can be tough to make a living from selling e-books. However, some authors became extremely wealthy from self-publishing e-books.
For instance, the author of 50 Shades of Grey, E.L. James, became a multi-millionaire!
6. Become a Social Media Influencer
Instagram, Twitter, Facebook, even Snapchat, and Pinterest all have influencers who have turned their social media accounts into a money-making business.
Your first step is to discover your niche then begin building a following. You will need to focus on what platforms to use and create quality content that people are interested in.
Influencers are usually very active and post frequently. You will need to engage regularly with your audience—network with other similar influencers and people that are related to your niche.
Find smart ways to promote your brand and try to get your audience to interact as much as possible.
If you have a big enough following and good engagement, you can build a revenue stream.
Some of the common ways influencers make money are: by being a brand ambassador, making sponsored posts, hosting events, affiliate marketing, etc.
If you start a business or sell your own product, you can capitalize even more from being an influencer.
7. Repair Things
Have a knack for fixing things? Turn your skill into a profitable side hustle or business. Electronic repair is very popular. Almost everyone has a smartphone or tablet, laptop, video game console, etc.
You can charge for repairs or buy broken electronics and refurbish them for a profit.
If you are mechanically inclined, you can repair and tune up vehicles on the side for some extra cash.
There are a lot of possibilities in the repair business! Antiques, appliances, furniture, watches, bicycles, computers, basically anything that can be fixed for less than replacing it, can end up being a money maker.
People will need to know about your services, and you will need a steady amount of work to make good money.
Start by fixing things for your friends or family.
Once you get a few pleased customers, they will tell their friends, and you’ll get more business. If you don’t know how to repair anything, you can start learning how online!
8. Start a Dropshipping Business
Dropshipping is a type of eCommerce business where you can sell physical products online without dealing with inventory.
Once a customer buys something, you forward the order and shipping information to a dropship supplier.
They will deal with packaging and ship the product directly to your customer. The customer will get the item as if it came straight from your store.
You get to keep the difference between the wholesale price and your selling price.
The startup costs for dropshipping can be quite low, from $100 – $1000, depending on the store you make.
You can run your business from anywhere, and it’s simple to set up. All you need is quality dropship suppliers and an internet connection.
If executed well, dropshipping can be a very lucrative source of income. However, the dropship supplier doesn’t always do all the work for you.
You will likely have to deal with your customers and make sure they’re happy.
To get started, look into some of the popular eCommerce platforms, like Shopify, WooCommerce, and BigCommerce.
9. Flip Houses or Buy Rental Properties
To get into real estate, you’ll need to have a good amount of capital and be able to get approved for mortgages.
The key is to find homes that are undervalued and can be fixed up without breaking the bank.
If you can do most of the renovations yourself, you’ll end up with more money in your pocket.
There is a whole lot to be made from buying and selling houses. But it comes with plenty of risks, the potential for things to go south is high if you don’t know what you’re doing.
It’s essential to understand the housing market and the typical cost of repairs.
Another option is to purchase properties and rent them out. The rent will need to cover the cost of your mortgage payment with enough left over to make a profit.
It will be your duty as a landlord to fix things, so you’ll want to have money set aside for unexpected repairs.
10. Make a YouTube Channel
Make videos, gain an audience, then cash in on ad revenue. Sounds pretty simple right? Well, it is, and it isn’t. You will need to make videos that people will want to watch.
If you can make content that will be played again and again for years to come, then you will likely do well. Some people have become famous from YouTube, like PewDiePie and Jenna Marbles.
Video game streaming and videos unboxing new electronics/toys are extremely popular.
Focus on what you can provide and what kind of viewers you’ll attract. People mostly watch YouTube to be entertained or to learn something.
Your videos can be used in conjunction with a product you are selling or brand your promoting.
Money from ads alone won’t be much unless you can regularly get a high amount of views. To make the most out of YouTube, you will need to find another way to leverage it as a revenue stream.
11. Get Paid to Cook
Do you know your way around the kitchen? Have you been told you could sell the dishes you’ve made? Well, you can! There are several different ways that you can monetize your culinary skills.
We just talked about YouTube, and you could make a cooking channel! Some of the other opportunities include; a food blog, writing recipes, teaching cooking classes, selling your goodies locally or online, etc.
If you’re passionate about food, you can open a restaurant or start a food truck business. If you prefer to stay in the kitchen, then becoming a personal chef is a good option.
While it sounds like another job, personal chefs get to set their own prices and choose their clients.
There are websites like Eatfeastly and Eatwith that let you schedule dining events in your own home.
There are some good choices for someone looking to make a side income while practicing their cooking skills.
12. Sell Your Art
Turn your beautiful works of art into stacks of cash. Many artists aren’t in it for the money. But if someone is willing to purchase your art, why not let them?
Art isn’t limited to just paintings; there are crafts, sculptures, pottery, comics, music, poetry, and more.
The art market is difficult to break into, with many obstacles for artists to overcome. You’ll need to promote your art and market it well.
Try websites like Etsy, eBay, or Art finder; they can make it easier to find customers.
A large social media following can also help to increase sales. Use your creativity to find different ways to get your art in front of potential customers.
If you’re musically talented, you can join a band, play in some shows, or become a DJ. If you like to produce music, you can sell songs or beats online.
13. Become an Online Tutor
Millions of college and high school students need your help with their homework! Being an online tutor is a great way to earn some income, and you can work from home.
If you’re not great with homework, you can try teaching English to children instead. Tutoring will make you feel good about helping others reach their educational aspirations.
In most cases, you will need a 4-year degree, but there are still plenty of options for people without one.
If you have little experience, you can expect a pay rate of around $8-12 an hour. With more experience, you can get paid about $25 or more.
If you choose to start your own tutoring business at home, you’ll be able to charge rates anywhere from $30-$75 an hour, depending on the subject.
Starting a tutoring business will be more work, but you can potentially make a lot more.
If face to face tutoring isn’t your thing, consider creating teaching materials or lesson plans.
14. Buy and Sell Domain Names
A domain name is the web address that belongs to a particular domain or website. Like, google(.com) is an example of a domain name.
Buying and selling domain names can be a bit tricky. You’ll need to research popular keywords and keep up with trends.
If a new craze develops and you own a relevant domain name, you can make thousands of dollars or more.
There are various tools online that will give you an appraised value of any domain name. Small short generic names will sell for big money. Toys(.com) sold for $5,100,000 back in 2009.
The (.com) extension is the most popular because it’s the most known.
Once you’ve purchased a domain name, you want to let people know it’s available for sale. The easiest method is to park it.
Parking the domain name will make anyone that visits the website know it’s available to be purchased. You can also contact potential buyers directly or list it on an auction site.
15. Trade Forex
Buying and selling currencies in the forex market is similar to trading stocks. The goal of forex trading is to exchange one currency for another in anticipation that the value will change.
For example, you decide to exchange U.S. dollars for euros, and if the value of euros goes up, then you can exchange it back for a profit.
Forex is popular because it requires the least amount of money to day trade, and the market is open 24 hours a day, five days a week.
Thanks to the use of leverage, you can begin trading forex with as little as $500 depending on the broker.
Make sure you have a good understanding of what leverage and margin are before diving in. You’ll also need to learn about the financial markets, the bid-ask spread, and what moves exchange rates.
With a successful trading strategy and enough practice, the long-term earning potential is limitless.
Recap of the 15 ways to make money without a job
- Become a reseller
- Trade or invest in stocks
- Do some freelance work
- Create a website
- Write an e-book
- Become a social media influencer
- Repair things
- Start a dropshipping business
- Flip houses or become a landlord
- Make a Youtube channel
- Get paid to cook
- Sell your art
- Become an online tutor
- Buy and sell domain names
- Trade forex