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

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.

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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.

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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.

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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:

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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.

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

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Last Updated on December 9, 2019

How to Set Goals Smartly to Accomplish More in Life

How to Set Goals Smartly to Accomplish More in Life

We all know setting goals is the best way to give your life focus and direction. But did you know that by setting goals, it can also help you to get a lot more of your important work done?

Having clear and effective goals that are built around your values focuses your mind on what is important. It helps you filter out the unnecessary and gives you an ‘outcome mindset’ rather than a ‘task mindset’.

An outcome mindset is one where you are focused on the objective—the outcome— of what you are intending to achieve. A task mindset focuses on the tasks you have to do each day and this leads to completing unnecessary tasks (or spending too much time on the unimportant) and procrastination.

To help you with transforming yourself from being focused on the tasks and to be focused on the outcome, here are 17 ways having clear goals will not only increase your productivity but also supercharge your ability to get the important things done:

1. Make it a goal to have no more than 10 tasks on your to-do list each day.

One of the surprising benefits of having a small number of goals for the day is how frequently you find yourself accomplishing more.

When you have a random number of tasks to complete each day, the likelihood is you will not get them all done.

When you set yourself a small number of tasks to complete—your “must completes” for the day—and you restrict these to a set number, you are much more likely to get them done.

2. Decide what your monthly and weekly goals are.

What do you want to accomplish this month? What do you want to accomplish this week? These questions focus you in on the things that are important to you.

Most people are waiting for life to happen to them, after all, it is far easier to react to events around you than to create events around you.

When you create the events in your life by having weekly and monthly goals that reflect your objectives for the year, you are going to get far more of your important work done.

3. Work on what’s important to you and focus on your priorities

Building your daily life around your goals is going to keep you on the path you want to follow.

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Without any goals directing you towards where you want to go, you will find yourself drifting off your desired path and aimlessly wandering through life, wondering how you got to where you are. More often than not, where you end up will not be where you want to be.

4. Eliminate the unimportant tasks that come up each day

Every day throws up a lot of unexpected issues. These issues often come from our bosses, clients/customers and friends and family. It does not matter how well planned your day is, these things are going to happen.

When you have a set number of goals to achieve each day, these issues will not hijack your day and destroy it. You will find you can handle the unexpected while continuing to get on with your important work for the day.

5. Always stay focused

When you set goals, it means you have made a decision about what it is you want to achieve and what is important to you. This allows you to become a much more focused person because you are mindful of what you want.

Focus, in today’s world, is a skill in short supply. By developing your focus, you are going to put yourself way ahead of everyone else.

6. Begin the day with a goal

One of the best ways to accomplish more of your important tasks each day is to begin the day with a clear goal.

It could be to complete a specific project or to simply get outside and walk for thirty minutes in nature.

When you start the day with a specific goal to do something, you are much more likely to get it done.

7. Start small

If you have never had an outcome-orientated mindset, then begin will small steps.

A simple goal to have each day, and a very healthy one, is to go for a thirty-minute walk.

Another simple goal to set for the day is to choose one piece of work that you will complete that day, then focus all your attention on getting that work completed before you finish for the day.

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These pieces of completed work add up over time, and you’ll find that you are getting far more done than you ever did before.

8. Ask yourself: What one thing you could do today that would have the biggest positive impact on your day?

This is a great way to accomplish even the hardest of goals.

Asking yourself this question really helps you discover what projects and work are important. This question is not focused on completing the goal. This question is all about making progress on the goal.

Once you have completed that task, you will find the next step happens naturally. Before you know it, you have made a huge impact on your goal.

9. Consistently take small steps which lead to great distances

One of the biggest reasons why most people never achieve their goals is their goals seem impossible because of the time and effort required to achieve them.

The best way to make even the most difficult goals achievable is to break them down into small manageable steps. Even the smallest step moves you forward towards achieving the goal.

Just two or three little steps completed every day will, over time, take you towards where you want to be.

Want to write a book? Writing 500 words per day will give you a 60,000-word manuscript in around ten months.

10. Plan what you are going to achieve the day before with the 2+8 Prioritization System

This one always works. Before you finish your day’s work, take ten minutes or so and decide what two things you will achieve the next day. This is what I call my “two objectives”.

Once you have decided on your objectives, write down eight other tasks you want to complete the next day. These tasks I call my “focus tasks”.

You then make sure that whatever gets thrown at you the next day, you will complete these ten tasks.

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Over a period of one month, you will have achieved around 300 meaningful tasks all related to your goals and important work.[1]

11. Know what your majors and minors are

This one is the secret of all highly successful people. They know what work has the most impact on their life and business and what work does not.

For example, checking emails, while necessary, is not a major task. It does not move you forward in any meaningful way. Talking to your most important customer and reinforcing your strong relationship with them, that’s a major.

One of the best examples I’ve heard comes from Brian Tracy. In his example, Brian says a salesperson doing work in the office is doing minor work. A salesperson talking with a customer is doing major work.

Focus all your time and energies on your major work and reduce the time you spend on your minor work.

12. Add positive pressure to get more done

When you have goals, you feel obligated to do something about them. When you do not have a goal, you are much more likely to procrastinate and spend unproductive time thinking about what to do next.

Goals give you clarity, goals give you purpose and when you have both clarity and purpose, you find you no longer procrastinate and you utilize your time much more effectively.

13. Have specific, clear goals to incentivise you to move forward.

How you write the action steps related to your goals is important. If you have a goal that says “make an online course,” you will not achieve very much.

Writing your action steps out such as “make progress on the online course outline” or “make five slides for online course” is specific and is going to lead to action and achievement.

14. Make progress that drives more progress

When you see you are making progress on your goals every day, you will find you begin getting much more done.

Momentum is created once you start and when momentum begins you find positive habits develop. Put momentum and motive together and you have the ingredients for massive progress towards your goals and your work.

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15. Take up accountability

Something amazing happens to our brains when we set ourselves goals. Having goals we are very clear about and determined to achieve gives our brains the necessary incentive to focus on getting the goal achieved.

We have accountability to ourselves. That accountability gives us all the incentive we need to get the work done every day.

16. Use the power of Parkinson’s Law

Parkinson’s Law states “work expands so as to fill the time available for its completion”.

When you have set goals to achieve each day and you begin the day with a review of what you want to get completed, Parkinson’s Law will take over.

This means no matter what else gets thrown at you throughout the day, if you have set yourself a time, you will finish your work for the day, you will find you will finish what you have planned for the day at that time. This one works brilliantly.

17. Become a highly focused, goal achieving individual

Having goals you are focused on each day develops a ‘can do’ mindset. When you have a strong ‘can do’ mindset and the discipline to focus on what you want to get accomplished each day, you find work you previously thought would take weeks and months to complete soon start being completed within hours or days.

A great mindset and a strong work ethic, coupled with daily goals will make some very positive changes in your life.

These 17 tips are just the start. When you begin focusing your daily activities on your goals instead of on your tasks, you will see an incredible transformation take place in your life.

Your energy increases, you feel happier more often and you start to feel you are making progress on the things that are important to you which just leads to accomplishing more and more.

More About Setting & Achieving Goals

Featured photo credit: Unsplash via unsplash.com

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