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5 Ways To Supplement Your Income From Home

5 Ways To Supplement Your Income From Home

Constantly living paycheck to paycheck? Thankfully, we live in a digital world and, thanks to the sharing economy, it’s now easier than ever for people to find creative ways to supplement their income. You can even make money from the comfort of your own home. Here are 5 ideas to consider.

Sell Items Online

Is your house filled with unused or unwanted items, whether it’s an overflowing wardrobe or storage room? Organise a spring clean day and sort out all the items you can potentially sell. Platforms and apps like eBay and Gumtree make the process of online selling super simple and fuss-free. Make sure you take good quality pictures of every item you are planning to sell and write detailed descriptions.

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Alternatively, if you don’t have existing items to sell, what about new items? For example, if you’re a craft person and spend your free time making handmade jewellery or prints, you can easily sell these online via the platforms above or even through a virtual shop on Etsy. Think big and think creatively. If you are stuck on picking a category of products to start selling, the best thing you can do is go to a local big box store and pick a row of items. Are these popular? Are there enough different items in this category that they stock? These are usually indicators that the market is big enough to sustain a speciality online store.

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Freelancing

Freelancing offers incredible flexibility, allowing you to take on work no matter what your location. Often, you just need a laptop and an Internet connection. Freelance writing is one of the most popular options to consider, especially if you’re great with words or have expertise in a niche topic. Other freelance options include photography, art work, graphic design, web design, and more. Identify your strengths, build up a portfolio of work, and get the word out there about your services. Soon enough, opportunities (and cash) will start flowing your way. My personal freelance site where I offer SEO and Web Design services is PopNet Media. This is a great resource to use if you want to start offering similar types of services in your own area.

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Online Surveys

Filling out online surveys is one way many people are making money, either in the form of cash or gift cards, to use at a store or website. One thing you will want to do if you decide to do surveys to supplement your income is to make sure the survey-taking company is really going to pay. There are many out there, but some of them do not pay well. Look for good feedback from people who have experience doing surveys and can offer good reviews of the company you are interested in.

Fix, Repair, Redo

Maybe you are handy with electronics and can fix computers, cell phones, and TVs. Or maybe you have a passion for retro items and love redoing old furniture or decorative items. Why not turn that passion into a way to make money from home? Look into online community marketplaces to browse and accept jobs that are relevant to your skills and schedule.

Forex Trading

If you have a good knowledge about the foreign exchange market, you can consider forex trading as an additional income stream. Forex trading can be a lucrative way to earn extra money — provided you apply sound trading principles and strategies. If you’re new to trading, make sure you familiarize yourself with how the forex market works and opt for a forex trading broker that offers tools, resources, and 24-hour support. Always start with a demo account and, when you switch to live, go for small amounts to test the waters and get a feel for things.

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Rob Boirun

CEO The Reviewster Network

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Last Updated on October 28, 2020

The Crucial Letter Your SMART Goal Is Missing

The Crucial Letter Your SMART Goal Is Missing

SMART goals are a simple, logical way to organize your goals as you set them throughout life. Not only does this technique help you identify reachable goals, but it helps break down goals into smaller and more manageable pieces.

However, there is one crucial element (or letter) that is missing from this acronym. This missing letter can potentially make it harder for you to reach your goal – no matter how well you have broken down your goal into different pieces and action steps. However, once you understand this missing piece, you’ll be able to use it to move forward with your goals.

What Are Smart Goals?

If you are not familiar with the SMART goal setting technique and what the acronym means, here is a brief rundown with a simple example:

  • S = Specific — Your goal has to be specific enough (“I want to lose 4 inches off my waist”).
  • M = Measurable — You can measure your waistline every week to keep track of your progress.
  • A = Achievable — Do you think that you can do this? Or are you going too far by getting rid of yet another 4 inches? Or should you expand the goal to 5 inches; is that within reach?
  • R = Realistic — Is your lifestyle stable enough that you can commit to this goal?  Are you mentally prepared to do this? Do you have the resources you need for this goal?
  • T = Time-framed — You could want to achieve this goal within a week or within six months, but it should have a specific time frame.

As you can see, when you break down your goals like this, they become much more manageable and concrete than just saying “I want to to be slimmer.”

All fine and well, except that there is a crucial letter missing in this package – another letter “A.”

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The Missing Letter

The other letter “A” stands for accountability, and this is a great way to make sure that your defined plan is actually executed and is not left just on the talking or planning level. Even if you have crafted a masterful plan by using the SMART goal technique, it becomes useless if you don’t actually execute it. To make sure you start the execution phase, you want to throw some accountability into the mix.

By having some external pressure on your back (in the form of accountability), you are more likely to take action on your goal steps than if you just keep the plan to yourself. Accountability is based on the fact that you want to stand behind your words and save face. When you announce your goal to the world, you realize that the world is now watching you, and you don’t want to let the world down.

Accountability is also about facing the expectations of others. If you announce a goal or a task in public, other people are expecting you will achieve the tasks and goals you have laid out for yourself.

Watch this video and find out how by having dependable accountability, you can reach your goal more efficiently:

Ways to Implement the Letter “A” in Your Goal

There are plenty of ways you can go about creating accountability. Choose which one will work to motivate you the most.

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1. Keep It to Yourself

I was a bit hesitant to include this, since in this scenario you are not telling others about your plans or tasks. However, for some people this might work since your conscience is your accountability partner in this situation. And you don’t want to let your conscience down.

2. Announce It to Other People

Your people could be your colleagues at work, your local golf club buddies, the subscribers and readers of your blog, or your Twitter followers. I would say that accountability is more effective when dealing with “offline people.” Being accountable face-to-face to someone is very effective.

I’m in no way underestimating the power of “online people” either. If you are trying to form solid relationships with others online, you want to keep your word – even if you don’t necessarily meet the people in the same sense as in the offline world.

3. Find an Accountability Partner

A more intimate way of being accountable is to find an accountability partner. This could be a friend or spouse, but it needs to be someone you feel comfortable reporting to. When this route is chosen, you might decide to call your partner on a frequent basis to tell them how well you are progressing on the goal.

4. Get on Stickk.com

If none of the above ways work for you, it’s time to put Stickk into play.

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Stickk.com is a website where you can announce your goal (“Commitment Contract”), and to make you even more committed to reaching that goal, there is money at stake. Money is not mandatory to get set up with Stickk, but knowing that you will lose a certain amount of money if you don’t reach your goal can give you an extra push to get stuff done.

5. Join Mastermind Groups

A mastermind group is a group of like-minded people gathering on a frequent basis (online or offline), trying to push each other closer to their goals. This type of accountability is very common in the business world. When you are in a mastermind group and you have set the objectives you want to achieve by the next meeting, you want to get stuff done and fulfill other’s expectations.

Mastermind groups are a great way to improve your productivity and reach your goals with the help of others.

6. Hire a Coach

If you really want to get personal attention for your goals, then hiring a personal coach may be the best way to stay accountable.

Not only are you accountable to your coach, but you also have to pay for his/her attention. This makes the coach option even more effective. You want to make sure you do everything you can to get the assignments done before the deadline you two have set. So, there is a money factor to keep you accountable as well. Since you want to quickly move forward, this option is a very effective for staying accountable with your SMART goals.

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The Bottom Line

Next time, set your goal using “SMARTA,” instead. Add that letter “A” to the SMART goal setting technique:

Specific, Measurable, Achievable, Realistic, Time-framed, Accountable.

The accountability factor of reaching your goals may be just the thing you need to make them a reality.

More Tips on SMART Goals

Featured photo credit: Estée Janssens via unsplash.com

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