Making More Money Can Be Simpler Than You Think

The best way of making more money used to be getting a good job with a large company that provided a benefits package and retirement plan. However, things have changed. Job security isn’t what it used to be.

While you can still do well working for a large company, assuming you dodge lay-offs and corporate downsizing, it’s not your only option anymore. There are many creative ways of making more money that range from traditional to bizarre.

Earn More Where You Are

If you enjoy working for someone else then by all means do that. It’s actually much less stressful at times, believe it or not, than working for yourself. You avoid the responsibility of having to make sure everything in the company is done properly. You can specialize in one area and focus all your attention there.

When working for a large company, you usually have a reasonable schedule, sick time and vacation days. Some even offers benefits such as health insurance or child care reimbursement as well as retirement plans such as a 401k or SEP IRA.

If this sounds like what you’re looking for, here are a few suggestions for making more money this way.

  • Ask for overtime. If you already have a job you like but are interested in making more money, this way could work for you. It’s the least drastic way of all to increase your income.
  • Take on more responsibilities. Again if you like the company you work for, why change. If overtime isn’t an option, ask to take on more responsibilities for extra money or perhaps even a promotion.

    Most companies like to promote from within. If you have a proven track record and good work history you will have a better shot at moving up.

    Some promotions may require further education. A lot of companies will pay some or all educational expenses related to your job. If you get this opportunity, take it. Even if you decide to leave the company in the future, you’ll always have your education.

Making More Money With a New Job

If you’ve gone as far as you can go with your current company or if you don’t like what you do, a new job may be a good option. Depending on what type of work you're looking for, there are many ways to job hunt.

  • Try some of the online job posting sites like, or even CraigsList. Some of these sites will ask for basic information like what type of job you’re looking for and your location. Then, they will present a list of jobs matching those parameters.
  • Get out that resume. You will need a resume to apply for most positions on-line and off-line too for that matter. A lot of these job posting sites offer services to help you write a winning resume for a fee. However, there are lots of sites out there that offer free resume templates as well.

    The most important thing to remember when writing a resume is to present yourself in the best light possible while remaining truthful. Falsifying a resume may get you the job but if your employer finds out, you will probably be terminated. Honesty is always the best policy.

    If you still need a little help making your resume shine, check out these 10 resume writing tips.

  • Check the classified section of your local newspaper. This is often a good source of local jobs.
  • Ask around. If friends and family know you’re looking for a new job, they can be on the lookout as well.
  • Go to job fairs. These are offered periodically and feature companies looking to hire new employees. Click here to find one near you. These fairs provide an excellent opportunity to network. Make lots of copies of your resume and pass them out.
  • Check the website of the Employment Security Commission for your state. This site posts jobs categorized by job type and location.
  • Work with a temp agency. These companies will interview you and test your skills. For example, they’ll test your typing speed if you’re interested in secretarial work. Then they place you with companies that need temporary help. Although the jobs these agencies set you up with are designed to be short-term, they could turn into full time employment if you do a really good job. Even if the don't, you'll be making more money, while you continue to search.

Sell Some Things

One of the easiest ways to bring in some extra money and de-clutter your home is to sell your unused things. If you don’t need it anymore, why not trade it for cash?

  • Have a garage sale or yard sale; depending on what area of the country you’re from! This is an excellent way to unload unwanted items and make a few bucks. Since these sales are usually held outside, they do best in the spring or fall.

    You’ll need to advertise in your local newspaper and maybe even post signs directing customers to your home. Lots of people go every weekend from one sale to the next looking for bargain items. Price your items clearly and fairly and be willing to negotiate on the price.

    If there are any items left over after the sale you can donate them to a local charity and receive a tax deduction.

  • Sell your items online. Online auction sites like Ebay have made it extremely easy for everyone to get in on the game. You can reach a worldwide audience in a matter of minutes.

    Before posting your item listings check to see what similar items are selling for and their shipping costs. This will help ensure you’re competitive. Also, if you’re new to online auctions, sites like Ebay offer free online tutorials that help get you up to speed.

    Be aware that there are fees associated with these auctions so check these before you post.

  • List the items on CraigsList. When you type in CraigsList in your browser, it will usually pull up your city or the closest major city to you. If not, choose your city from their menu. Then simply go to the “post to classifieds” section and follow the onscreen instructions.
  • Run a classified ad in your local newspaper. These are relatively inexpensive. If you have just a few items to sell, this may be a good option for you. List the items for sale, their price and your contact information.
  • Sell at your local flea market. This works best if you have a lot of a particular type of item. However, you will have booth rental fees here so make sure you can justify the cost.
  • Rent out a room. If you have an extra room or basement you’re not using, why not rent it out. You’ll want to do a background check on potential tenants just to be safe. You’ll also need to draw up a lease agreement to make sure everything is clear to both parties. Depending on the size of the area you’re renting, this could easily cover half your mortgage.

Making More Money by Becoming an Entrepreneur

There’s nothing scarier or more exciting than starting your own business. It’s one of the most trying and rewarding things you can do. This is a great way of making more money.

The great thing about having your own business is, you can start it part-time and see how it goes. This way you don’t risk losing your income from your job while you test the waters.

There are so many businesses you can start. The most important thing is to find something you enjoy. You’ll be spending a lot of time on your company so make sure it’s something you like. It doesn’t have to be at all related to your current job either. It can be totally different. You don’t have to know everything but it helps if you know a little about the business you’re starting.

Look for needs that aren’t being met. Pay attention to things you wish were done differently or better. Chances are other people feel that way too. You could be making more money by starting a business to fill those needs.

Spend some time figuring out what you want to do. Don’t jump in too quickly. Do your research and see if there are other companies doing the same thing you want to do. Look at their prices. Check out their advertisements and websites to get ideas. See what they’re missing and how you could improve on it but don’t copy.

There are literally millions of websites devoted entirely to starting a business. However, none of them know you personally. You can get good ideas and strategies from them but you have to dig deep down inside to find what’s right for you.

There’s no one size fits all answer to the perfect business. The answer changes with each person. Pay attention to what makes you happy. What if you had all the money in the world and never had to “work” again. What would you do? If think hard enough, you can probably figure out how to structure a business around that idea. You have the answer. You just need to discover it.

Look outside the realm of possibility. Most people put severe limits on themselves without even realizing it. We wouldn’t have cars or airplanes or computers today if someone hadn’t though outside the realm of what seemed possible. You may not start a company that will change the world, but I can guarantee the company you start will change your world. You’ll learn things and grow in ways you never though possible.

Listed below are a few broad categories of businesses that can help jumpstart your brainstorming process and start you on your way to making more money. Once you think you know what you want to do, start researching online for that topic. Don’t be discouraged by competition. Do things your unique way and your company will stand out. Always offer excellent customer service and your business has a far better chance of being a great success story.

Start A Service Business

With this type of business, you offer a service to people or companies. You could start making more money by offering products as well but you don't have to. The great thing about these types of businesses is they can't usually be outsourced which makes them safer than most.

Some examples of service businesses include:

  • A Home or Commercial Cleaning Business
  • A Landscaping Business
  • A Daycare
  • A Computer Repair Business
  • An Online Coaching Business
  • An HVAC Business
  • A Party Planning Business
  • A Pest Control Business
  • A Home Inspection Business
  • An Answering Service Business
  • A Private Investigation Service
  • A Credit Repair Business
  • A Petting Sitting or Dog Walking Business
  • A Mechanic Shop
  • An Ebay Consignment Business
  • A Bookkeeping Business
  • A Resume Writing Business
  • A Web Design Business
  • An Interior Design Business
  • A Beauty Salon
  • A Wedding Planner Business

These are just a few of the hundreds of thousands of service businesses you could start and begin making more money with. Some cost very little to start while others would require more investment.

Service businesses are typically some of the least expensive to start since you usually won’t have inventory and often don’t need to rent a location. Therefore you can start making more money faster with these. A lot of these can be operated from home allowing you to deduct home office expenses from your taxes.

The sky is really the limit with service businesses. If it can be done, there’s usually someone who will pay for it. And typically the harder or dirtier the job, the more they will pay to have someone else do it.

Start a Retail Business

This type of business sells products directly to the public. Think Walmart just on a much smaller scale. You could basically sell anything. The most important thing is to find a supplier for the products you sell who offers good prices and reliable shipping.

Then market, market, market. Advertise where your potential customers will find you. For example, if you sell upscale clothing, advertise in fashion magazines, not Good Housekeeping.

Get an online presence. You can reach the world online. You can only reach people in a few cities with a storefront location. Not to say you shouldn’t have a store if that’s what you want. However, if you choose to do this, go online too. You will only increase sales this way and start making more money from both sources.

Get set up with a merchant account. A lot of people prefer to pay with credit or debit cards so by offering this option, you make it easier for them to do business with you.

If you like the idea of selling items to the public, this may be a good solution to making more money for you. There are so many different retail businesses that it would be almost impossible not to find something that interests you. A few examples of retail businesses are:

  • A Clothing Store
  • An Art Gallery
  • A Pet Store
  • A Car Dealership
  • A Craft Store
  • A Convenience Store
  • A Bakery
  • A Sporting Goods Store
  • A Photography Studio
  • A Shoe Store
  • An Antique Store
  • An Electronics Store
  • A Music Store
  • A Toy Store
  • A Restaurant
  • A Travel Agency

Let your imagination run wild here. You can find a need that interests you and fill it. Check out these 10 must read tips for starting and making more money with a retail business.

Start a Wholesale Business

In this type of business, you would act the middle-man. You buy from manufacturers and sell to retailers. Unlike retailers you would not sell directly to the public but would be a business-to-business operation.

In order for you to start making more money with this business, you need to buy low and sell high. You’ll need to be able to buy products at a low enough cost that you can add your amount to the price and still be low enough for retailers to make their profit. You will also need to be able to spot trends before they become mainstream and act fast.

For this type of business you will need above average skills in sales, finance, shipping and customer service and a keen eye for products. You will also need a large place to store your goods since wholesalers actually take possession and ownership of the products they sell.

Wholesalers can sell practically anything retailers and ultimately customers are interested in buying. To stay competitive, you will need to be able to change with the trends and recognize when it’s time to act.

Finding adequate space for storage or raising the capital required to build inventory can be an issue. However, if you still like the idea of being a wholesale distributor, you could become a broker instead.

You would still be the middle-man without having to purchase the inventory yourself. You would basically facilitate the deal between manufacturers and retailers and ensure the transaction goes smoothly. Brokers have a lot less overhead so there is a better chance of making more money.

While there is potentially a lot of money to be made in this type of business, the start-up costs are particularly high. The risk of tying up your money in inventory that may or may not sell is sometimes more than a beginning entrepreneur is willing to face. After all making more money without taking unnecessary risk is the goal.

However, if you have experience working for a wholesale distribution company and can get the financial backing you need, this may be something you would excel at.

MLM or Multi-Level Marketing

Who hasn’t heard of this? The internet is full of scam sites saying this is the ultimate way of making more money, just send us your money and we'll show you how. However, some companies that offer MLM are actually legitimate and you can earn a decent income with them.

The trick is to find them. Avon is one of the oldest MLM companies out there. They have a proven track record and have been helping people who worked hard and were interested in making more money for years. And there are others.

This has become an attractive way for companies to market their products since the cost is comparative lower than other forms of adverting.

When you represent a company’s products through MLM, you are not an employee of that company. You are more like a subcontractor. You’ll work from home on your own schedule. And when the company pays your commissions, they don’t deduct taxes so be aware of that. You'll be making more money upfront but be sure to put away some to cover the taxes at the end of the year.

Before you begin searching for the perfect product and company to represent, you need to understand the process and what’s involved. There is a LOT of work involved in recruiting new people to try, like and buy your products and therefore build a downline. That’s how you'll start making more money with this type of business.

You earn a commission for all the products that you sell. You also earn a commission on all the products sold by the people in your downline. These are people that you signed up to represent the company along with the people they signed up and so on. Each company has a different pay structure so it’s important to understand it and make sure you'll actually be making more money before you spend a lot of time and effort.

It’s also important to represent a product you use and truly believe in. If it appeals to you, then it will probably appeal to others. You have to absolute love your products because in order to make significant income, you’ll need to have a large downline.

The cost of starting this type of business is relatively low. The biggest investment is time. You’ll have the cost of products you buy for yourself and possibly the cost of some advertising materials. But that’s about it. Your money won’t be tied up in inventory since you don’t keep at lot of the products on hand. Most of the time, you'll sell your products from catalogs or by word of mouth.

You’ll be assigned a number so you will be credited for the sales you make and all the people you sign up will be linked to your number so you receive credit for their sales as well.

Always make sure the company is legitimate before getting too deeply involved. Beware of any company that asks for money to represent them. Do thorough research and talk to real people who are distributors for the company. It also helps if you know someone who’s already representing the company you’re interested in.

The most important thing to realize is this is a business and you’ll need to continuously go out and find new people to sell your product. Even if you have a large circle of friends that will probably not be enough to make significant income especially since all of them will not want to buy your product.

Social networking sites have made making more money with affiliate marketing easier than ever. The relatively low start-up cost makes this an attractive business. If you enjoy meeting and helping new people and are outgoing, this may be a good fit for you.

Affiliate Marketing

Affiliate marketing is a really simple concept. Companies pay you to refer potential customers to them. The startup costs are about as low as you can get. These programs are usually free to join. Basically all you need is a website with lots of traffic.

Understand however, building traffic is no small feat in itself. Building lots of traffic takes time, effort and a relevant website with great content. With the online templates available and cheap easy hosting options, anyone can build a website these days. However, with the billions of sites out there, you have to stand out from the crowd.

Once you’ve done this and have a good amount of traffic flowing to your site, affiliate marketing is one of the easiest, most hands-off approaches I’ve ever seen to make money. Lots of companies offer this option since they have an opportunity of making more money with very little cost.

You’ll need to find companies that marry well with the content of your site. For example, if your site is about wedding planning, good choices for affiliate programs would be companies that sell wedding dresses, wedding cakes and honeymoon packages. The closer it’s related to your site, the more successful you’ll be.

Some companies pay for each visitor that you refer whether a purchase is made or not. Others pay a percent of sales made through your referrals.

You can find companies to represent on sites like Commission Junction. They have companies listed by category and they state the basic payment structure for each. Once you sign up, you’ll copy and paste some code into your website and you’re on your way.

As you can see there’s no shortage of options for making more money. There are as many different ways as there are people in the world. However, it’s very important to remember that there are no real get-rich-quick opportunities out there. Unless of course you win the lottery!

There are so many sites on the internet that promise fortunes can be made within weeks or months with little or no work. Please don’t be lured in by these scammers and never pay for their “secrets”. They simply don’t work.

Always remember the only way of making more money is to work for it. Again if you choose something you enjoy and are good at, the line between work and play will become blurry.

Take some time to really think about what you want. Make notes as you read through the ideas listed above. Once you know what you want to do, go out and make it happen.

Check out these great ideas and tips on how to save more money because the more you save, the less you'll need to make.

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