Advertising

How to Work from Home to Add Supplementary Income to Your Life

Advertising
How to Work from Home to Add Supplementary Income to Your Life

You’ve had enough settling with your current income. Your boss isn’t willing to give you a raise and you don’t have enough time to drive back and forth to multiple jobs.

Having extra income would allow you to pay off debt faster, enjoy a longer vacation, or quit your soul-sucking job. Afterall, life is too short.

But how could you earn additional income and fit it around your busy schedule?

In today’s online world, you have the ability to earn money working from your laptop. There are hundreds of income-generating opportunities but it boils down to choosing one that’s the most appealing to you.

The problem is, choosing your ideal “side-job” is only half the battle. You’ll have to understand how to market your service, build your reputation and treat your side-job as a business if you hope to succeed.

Most importantly, you’ll need to have the right mindset.

1. Set clear goals to be successful

By this point you already know that you want to start a side-job, but before you start you need to know your “why”.

The going will get tough and you’ll need to be clear on why you started in the first place if you hope to succeed. Start by asking the following questions:

  1. Do I love my current job?
  2. Am I content with my work/life balance?
  3. What will I use the extra money I earn from my side-job for?

Write these questions down somewhere you’ll constantly see them to be reminded on why you’ve started in the first place.

Goals without deadlines rarely get accomplished. Don’t believe me?

If you were like most people back in high school you procrastinated until the last minute before you started working on your essay. Now imagine if there wasn’t a deadline. Your essay would take longer to get completed.

It will be challenging when you’re first starting off to know how long different tasks will take to finish, but you’ll need to set an end date.

Start by breaking down your goal into smaller tasks, and use journals to help you review your daily progress.

2. Set clear expectations from the start

“Give me six hours to chop down a tree and I will spend the first four sharpening the ax” – Abraham Lincoln

Before you start working on your side-job, you need to understand what to expect. Here are the most important key things to consider:

Build patience

Once you’ve chosen your idea, it’ll be easy to find others who are succeeding.

Advertising

This is where most people run into trouble because they’ll believe they can reach similar success in a short period of time.

Your side-job can take a few months or even years for it to take off. Most people won’t tell you this because it’s not sexy to hear.

If you plan to succeed in building your side-job you’ll need to have patience. Instead of chasing the money, chase the journey.

Choose a side-job you love, so when the going gets tough it’ll be easier to stay committed.

Make time in your busy schedule

Make time to fit your side-job around your busy schedule. This means waking up earlier and staying up late to build your side-job.

Build systems to maintain consistency. Use tools like Google Calendar to block out time throughout your week and follow them with the same importance you do with your current job’s schedule.

Don’t be afraid to fail

It’s tempting to look at other successful people and assume they knew which job they were going to enjoy working with the most.

The reality is that most failed with their initial ideas before they landed in one they loved. So what’s my point?

Stop overthinking which side-job to start with and allow yourself to fail.

Take Jim Carey for example, he was booed off stage in a comedy club in Toronto and failed to land a part in Saturday Night Live. Nevertheless, he didn’t give up and be eventually became the star we know today.

It boils down to this, pick a job you’re curious about and start working. If you realize that this job isn’t for you, move on to your next idea. Eventually, you’ll find a job that you enjoy working with the most.

3. Increase your odds at being successful

There are no shortcuts to success, but you can avoid wasting time. In certain circumstances, it’s worth spending money to save you time and unnecessary headaches.

You can always get by with the “free” route, but be prepared to spend more time and make more mistakes. Through trial and error, I’ve discovered which types of resources are worth investing in the early stages of your side-job.

These resources include:

Website

Nowadays, if you’re running a side-job, you’ll need a website to showcase your skills and build credibility.

With a simple Google search, you’ll easily find dozens of free website alternatives. The problem with this route is that your domain won’t feel professional (i.e. example.wordpress.com), and you’ll need to understand basic HTML to make your website look professional.

Advertising

Instead, purchase a unqiue domain name, and build your website with a professional WordPress theme .

You’ll still have to invest some time in building your website with the paid route, but you’ll have access to premium themes that are easy to install.

Be prepared to invest 1 to 2 weeks to build your professional looking website. Don’t aim for perfection, and focus on your main objective.

Mentors

The best way to learn is from those who are already in the position you’d hope to be in one day.

This is why mentors are a valuable resource to have as you’re building your side-job. They’ve already learned from their mistakes and know how to overcome the obstacles you’re currently facing.

But where can you find mentors? Mentors come in different forms. You can access them by reading books, listening to podcasts, joining paid masterminds, or paying for one on one coaching.

Start by reading books on your chosen field and gradually work your way up to purchasing your mentor’s premium resources.

Take a look at this guide if you want to learn about how to pick a good mentor for yourself:

A Good Mentor Is Hard to Find: What to Look for in a Mentor

Premium courses

When you’re looking to learn specific skills or overcome a specific struggle, courses are a great option. Why? Because they’re often cheaper than hiring a mentor, and still provide tailored guidance on how to reach a specific goal.

The best courses will come from your mentors. Often times they have courses in their blog or recommend ones that have helped them achieve results.

Once you’re at a mentor’s website, be on the lookout for their “products” or “resources” page.

Network with like-minded people

“Your network is your net-worth”

As you’re starting your side-job, it’s important that you surround yourself with like-minded people. You’ll benefit receiving support from others experiencing the same challenges, and continue to stay motivated.

Think of starting a side-job similar to starting a business, you’ll be marketing your product/service, handling incoming orders, managing your accounting and so on. In other words, you’re an entrepreneur running your small business.

Often times, the entrepreneurial journey is a lonely one. Even if your spouse or kids support you, they won’t fully understand what you’re experiencing. That’s why attending conferences, joining masterminds and attending local meetups can help you reach higher levels while staying motivated.

Advertising

4. Be so good you can’t be ignored

By this point, you already know that starting a side-job isn’t easy.

Most people fail because they’re not prepared, but not you. You’re already equipped with setting clear goals, what to expect, and the different ways to increase your odds at succeeding.

What if you still want more guidance with choosing a stable side-job? Here are some popular side-jobs that are in demand and that may be a good fit for you:

Blogging

Blogging has become more popular these past few years.

Today roughly 6.7 million people blog on blogging sites,[1] and 23% of online time is spent on a blog or social media. This number will continue to increase as new technology makes it easier to stay connected online.

Pros:

  • Easy to build
  • Multiple ways to earn income (i.e. affiliate marketing, advertising, courses, etc.)

Cons:

  • Slow at building income (i.e. it can take months or years before you earn sustainable income)
  • Time-consuming to create content with little to no audience

Helpful resources:

Freelance writer

Freelance writing is similar to blogging except you’re strictly writing for other businesses. As blogs continue to grow in popularity, the demand for freelance writers will also rise.

Pros:

  • Strong demand for freelance writers
  • Ability to increase your rate as you gain more credibility

Cons:

  • Challenging to find your first customers
  • You may need to write for free or for a low rate when first starting off

Helpful resources:

Virtual assistant

Roughly 69% of U.S. entrepreneurs build their businesses online.[2] As online businesses continue to grow, they’ll need virtual assistants to help them manage their website, marketing, etc.

Pros:

  • No experience required to start
  • Gain exposure in a wide range of tasks

Cons:

  • Competing with offshore workers can force you to charge low rates
  • Work on many tasks you dislike until you specialize in one or more tasks

Helpful Resources:

Advertising

Facebooks Ad consultant

Roughly 80% of Americans use Facebook[3] and almost 1/4 of your time online is spent on social media. That’s why more businesses are starting to invest more money in Facebook Ads.

For the businesses who don’t want to invest time to learn how to manage Facebook Ads, they’ll hire Facebook Ad consultants.

Pros:

  • Many FREE resources available to learn how to manage Facebook Ads
  • As low as $5 entry cost to test ads

Cons:

  • Facebook’s algorithm and policy are constantly changing, making it difficult to keep up.
  • It can take a few weeks or months to view ad progress

Helpful resources:

Amazon FBA

Amazon has grown into one of the largest online retailers and accounts for 43% of all online sales.[4]

Amazon FBA (fulfillment by Amazon) allows you to resell items online without shipping to the buyers directly. You’d go to different stores to find profitable items, and ship them back to Amazon. Since Amazon ships about 1.6 million packages per day, you’ll many opportunities to earn a profit.

Pros:

  • Low-cost entry barrier
  • Amazon Seller App makes it easy to determine if a product is profitable

Cons:

  • Pooled inventory means the product you ship may not be the one your customer receives
  • Not all of your items will sell

Helpful resources:

Start earning additional income!

Imagine working from home and earning enough additional income to pay off your debt faster than ever before!

But that’s not all, you’re earning just as much income from your side-job than you are with your full-time job. You’re empowered knowing that you’re not obligated to work in a job you hate.

You’re surprised to what happens next, your relationships improve, and you’re more motivated than ever to wake up each morning.

All after working long hours, setting clear goals and investing in yourself.

Amazing isn’t it? You know you have the resources you need to build a sustainable income working from home. It won’t be easy but anything worth pursuing isn’t.

Start learning additional income and see how your life begins to change.

Advertising

Featured photo credit: Pexels via pexels.com

Reference

More by this author

Christopher Alarcon

Finance Analyst and Founder of the Financially Well Off Blog & Podcast

How to Ask for a Promotion and Move up the Career Ladder How to Use the 5 Whys to Get to the Root Cause of Any Problem 15 Best Android Productivity Apps (2020 Version) The Savvy Employees Guide to Asking for a Raise 10 Effective Time Management Techniques for Busy People

Trending in Smartcut

1 10 Effective Ways To Make You a Fast Learner 2 8 Time Management Strategies for Busy People 3 50 LinkedIn Influencers To Follow, No Matter Your Industry 4 How to Break Bad Habits (The Only Effective Way) 5 15 Daily Rituals of Highly Successful People

Read Next

Advertising
Advertising

Last Updated on June 1, 2021

10 Effective Ways To Make You a Fast Learner

Advertising
10 Effective Ways To Make You a Fast Learner

The importance of learning cannot be underestimated. Learning empowers us to fulfill our ideas and realize our full potential. The speed of gaining new knowledge is practically as important as its volume. Who wouldn’t love to remember tons of information as quickly as possible?

If you want to start learning faster, you need a new approach towards the process which would enable you to comprehend the essence of the matter and relate it with new concepts you encounter.

The following 10 tips will help you become a fast learner:

1. Analyze Your Learning Style

Before you can start experimenting with different studying methods, you need to understand what type of learner you are:

Is your memory associated to sound?

Maybe you can remember what you were reading when a particular song was playing? If this is your case, then you fall into the category of auditory learners.

If you want to start studying more efficiently, then it would be wise to record the lectures and listen to them instead of reading textbooks.

Do you relate information to visual content?

Advertising

If you are a visual learner, you should implement images, graphs, charts, infographics, colorful lists, flashcards, and other types of visual content when you study.

Are you a physical learner?

If your learning style is not auditory or visual, then you might be a physical learner. Some students have too much energy; they tap their feet or play with a pen during lectures.

A walk before a lecture will calm your nerves down. You can try studying or listening to audio lectures during a walk. That will help you remember the information more quickly.

2. Use the Right EdTech Tools

Technology has the power of making everything easier. There are plenty of websites, online tools, and smartphone/tablet apps that will boost your skills of planning, writing, time management and brainstorming, etc.

One way of improving your productivity is using flashcards. You can make your own cards, but you can also download pre-made kits online:

  • StudyBlue is one of the best online destinations when it comes to creating and discovering flashcards from all areas of study.
  • If you are looking for a tool that makes the process of brainstorming more effective, then you should try PapersGear.
  • You also need the SelfControl app, which will eliminate all distractions when you need to stay focused.
  • Quizlet is another website you should bookmark; it offers study tools that will transform the learning process into a fun activity.
  • Notella is an app that will help you take quick notes at any time.
  • Brainscape is an educational platform that makes complex subjects easy by relying on cognitive science.
  • You can also try Dragon Dictation, especially if you are an audio learner.

3. Train Your Brain to Accept New Information

Efficient studying is a habit. Your brain needs constant training if you want to improve your focus and complete complex tasks without taking breaks.

One way to achieve this goal is to create a private learning space in your home. You’ll also need a specific time of day that you’ll devote to studying. That will make your brain ready to accept the information it gets, so you’ll notice you’re starting to learn much faster by the day.

Advertising

4. Get Some Exercise

You are aware of the fact that physical activity is good for your body, but your brain needs it too!

Light exercise, such as yoga, can help you learn much faster. If you are inactive throughout the day, your body will want to move, so it will be difficult for you to stay focused.

If, on the other hand, you canalize your energy through light training sessions, you will be ready to study productively.

5. Work on the Ambiance

If you have a noisy neighborhood or a working environment full of distractions, you won’t be able to learn or study no matter how hard you try.

If you want to learn quickly, you need a quiet, distraction-free environment that won’t disturb the mind in any way. Such a peaceful place will set you in learning mode as soon as you find yourself in it.

6. Take a Lot of Notes

Only few people are capable of remembering information as they read it. If you don’t belong to this category of privileged learners, then you absolutely need to start taking notes.

This simple learning method will force you to think about the essence of the material. It will also give you a nice framework that will help you review the things you’ve learned.

Write down only the most important information. That will help you remember all the other things you’ve learned.

Advertising

Here’re some tips to take notes effectively: Why Successful People Take Notes And How to Make It Your Habit

7. Make Mind Maps

Mind maps are among the best tools to speed up the learning process. Your mind will process information effectively if you create a visual representation of the things you’re about to learn.

You can create a nice mind map in the old-school way: take a large sheet of paper and organize all facts and explanations. Use pictures, note-cards, and other symbols you can think of. Group similar items together and connect them with colorful pens.

Some tips mind-mapping here: How to Mind Map: Visualize Your Cluttered Thoughts in 3 Simple Steps

Of course, you can also use an online mind mapping tool if you want to save yourself some time.

8. Experiment with Memorization Methods

Memorizing is often misused in the process of studying. Some people memorize whole sentences, paragraphs and lectures without grasping their essence.

However, memorization can be useful when you need to learn definitions and classifications really quickly. Don’t avoid this technique if you want to fill your brain with information without wasting any time.

Try this if you want to memorize more and faster: How to Memorize More and Faster Than Other People

Advertising

9. Find the Right Context

Memorization works solely in times of urgency. If you want to learn in the most effective manner, then you need to have context for information.

Find an aspect that’s interesting for you; try to research for related information, and you’ll discover the joy of learning.

The first step? Jot down as much information and as many ideas as possible: How Simply Jotting Down Ideas Can Make You Smarter

With time, this practice will make you a faster learner.

10. Study Every Day

It will take some time before you get used to a daily studying routine, but your mind will eventually grasp the habit.

The more frequently you study, the less time it will take for you to remember the things you read.

If you start studying as soon as possible after you have learned some new concepts, it won’t take long at all for you to get ready for an exam. Now that sounds really good, doesn’t it?

More to Help You Learn Quicker

Featured photo credit: Becca Tapert via unsplash.com

Advertising

Read Next