Tuesday 4 November 2014

I Need to Earn More Money: Part 1 of 4

I Need to Earn More Money

Now with Christmas is approaching The Millionaires Giving Money Blog is receiving a lot of I need to earn more money emails. These emails have inspired me to write a special post which shares ideas to make extra cash. In this special 4 part series I will be sharing some of the most popular ways to make money online, offline and at home.

All the ideas given here are completely legal and legitimate and you can make a substantial second income using these strategies. If you can really harness your skills then you could even replace your income by taking these strategies to the next level. I hope that these ideas and strategies are beneficial and please feel free to share this special Millionaires Giving Money Post with others who might find it beneficial. If You're looking for more ways to make money check out the following posts for legal and legitimate ways to supplement your income.

Earning More Money

To earn more money you must be prepared to step outside your comfort zone. You need to be proactive, motivated and determined. Earning your first dollar will be incredibly hard however as time goes on you will be able to earn money easily as it becomes second nature.

The reason why most people fail to make a substantial second income is because they give up. To succeed you need to be confident with what you’re doing and you need to be disciplined to see everything through to conclusion. So now without further ado here are the first five ideas to earn more money.

How to Earn More Money

Strategy 1: Earn More Cash with Online Surveys

If you spend a few hours per day surfing the internet why not turn your attention to online surveys and make up to $200 dollars per month. There are plenty of online survey sites that you can sign up to and make money by filling out surveys. Don’t pay any money to join survey sites as they usually turn out to be illegal sites which just want to take your hard earned money. The list below shows some of the tried and tested survey sites. To get started you need to create an account with all of these survey sites and then fill out the survey as and when they appear to earn more cash.

4: Cashcrate – Cashcrate.com offers money for trying out new products and service. Payment is very reliable and on time.

5: Surveysavvy – Surveysavvy.com pay colourful people to share their views on products and services. You can be outlandishly honest here and get paid for venting off steam.

6: TreasureTrooper – Treasure Trooper is a fun way of making money by filling out surveys, again it is reliable and has a prompt payment method.

Strategy 2: Earning More Money Using Cashback Sites

Another great way to generate an extra few hundred dollars per year is to look for cashback offers online. Sites such as Quidco, Swagbucks and eBates can be used to generate anything between $200 and $1000 per year depending on how well you manage your money. Cashback sites get money for referring customers; these cashback sites then keep a chunk of this money and then use the rest to reward the potential customer. To get started now use the list below to make accounts with genuine Cashback sites. Use these sites whenever you want to shop for a product and then get paid when you purchase the item.

Swagbucks – Using Swagbucks you can start spending money on your favourite products and service and get cash back immediately. Swagbucks has an excellent track record of making payments on time and has a growing community.

MyPoints – If you purchase a lot of household products then MyPoints is ideal. You can earn anything between 1% and 10% which aggregates nicely over 12 months.

Ebates – You can find virtually any item you want to buy through eBates.com. The cash back is very high and payment is made on time.

Strategy 3: Sell Your Old Items

You will be surprised at how much you can make with your old junk. Why not take this opportunity to clear the clutter in your house and earn extra cash. To get started make a list of all the superfluous items which are no longer needed in your home. Once you’ve made your list price the items and then put these items for sale on sites such as eBay and Amazon. 

The great thing about eBay is they have free insertion dates which mean that you can advertise your items for free. You can sell your gadgets, old phones, laptops, books, ink cartridges, and clothes. When I used this strategy I was able to generate an extra $1000 dollars just by selling items I no longer need. That 1000 dollar is now in a high profit bank account earning money and giving me passive income.

Strategy 4: Buy and Sell Domain Names on the Internet

Another way to make more money from home is to buy and sell domain names. To get started make an account with Go Daddy or 1&1 and then think of domain names which might have a commercial appeal. You can make anything between 100 dollars per month to a cool million if you’re able to strike it lucky. You can find tonnes of resources on the internet offering excellent strategies on how to buy and sell domain names. One individual was able to make 8 million dollars from www.fb.com and another individual made a small fortune with www.halifax.com.

Strategy 5: Make More Money with Peer to Peer Lending

If you’ve got some spare money lying around you could earn a nice stream of passive income by investing the money through peer to peer lending sites. Interest rates are low at the moment and savers are being punished. These peer to peer lending sites can offer you anything between 6% and 12%. 

You can choose the level of risk you want to take and you could create a diversified portfolio earning 8 and 9%. To get started check out the list below which shows some of the best peer to peer investing sites. Choose a site and then choose your risk profile and start investing your money. One thing I need to mention is the initial investment is at risk which is why you need to choose your investments carefully.

Funding Circle – You can invest in businesses which have excellent credit scores. You can secure your investment with director guarantee and asset guarantee.

Trust Buddy – You can earn anything between 12% and 15% lending money to pay day loan borrowers. Trust Buddy is listed on the Stockholm Stock Exchange and has a rigorous credit checking facility to ensure credit defaults are low.

Lending Club – You can lend to borrowers according to credit score. You can earn anything between 5% and 12%

Prosper - Lend to people and receive anything between 5% and 10 % depending on how much risk you are prepared to take.

Ratesetter – Fix you money for 6 months, 1, 3, and 5 years. Ratesetter.com has a provisional fund for defaults. So far Ratesetter.com has honoured all their investors.

I Need to Earn More Money

You can substantially boost your income using some or all of the strategies listed above. You could easily earn anything between 5000 and 10,000 dollars a year just by proactively spending time making money. If you’re experiencing hardship and want some extra cash and prefer not to borrow you should go through this list and implement these strategies one at a time to start making money.

I will be writing a further 4 posts on how to earn more money so you will have 20 strategies to choose from. Just think how much extra money you could make if you had 20 ways of generating passive income. Anyone can earn more money if they put their mind to it. If you’ve enjoyed this post or found it resourceful please forward to other people who might find it beneficial. If you have more ideas to make money I’d love to hear from you so please feel free to email or leave a comment below.

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