This is a collaborative post by Ellie Jo with money making tips.
Making money has become such a talked about topic in life. The desire to make a ton of money has never been stronger than it is in the world today.
We think that’s because people are realizing that money truly is power, and the power of social media is showing the world what people could have if they moved up a money status.
Most of us just plod along through life with just enough money to be able to live comfortably and to perhaps go on one or two holidays a year. It’s only a very small percentage of people in the grand scheme of numbers who are successful enough that they have money to waste.
The rest of the world spends a lot of their days wishing they were that rich, and wishing that one day the lottery would reveal all of the numbers on their ticket. But the truth is, winning money is not the way to go in life.
There are now so many ways that you can make money in this world and be able to live that luxury lifestyle that might be in your mind so much. All you have to do is change the way you think, introduce some new strategies into your life, and actually dedicate your time to them.
This isn’t something that’s going to happen overnight. You have to work hard for what you want in life, and if money is what you want you’re going to have to work extra hard. Luckily, we have some ideas to help you. This is the only money-making guide you need!
Money Making Tips
Starting Off Simple
There are so many ways that you can make money, and often they’re big and intimidating. So instead of starting the article off with something that might scare you away, we want to show you some of the simple ways of making money.
The first is blogging. A blog is what you’re reading right now, and it’s making money right now. It’s an easy way of making money from the comfort of your own home with a super low investment.
All you need to do is have the money for the domain, the hosting, and perhaps a small amount to have a good banner and logo designed for you. It’s easy enough to create a blog with less than £100.
With that, you can then start producing content and trying to market your blog so it can have some attention. Despite the amount of blogs that there are out there, this is still pretty easy to do. The blogging community is easy enough to fit into, all you have to do is make sure that you’re sharing your posts via Twitter, tagging some brands, and interacting with other bloggers.
Before you know it you’ll have a small following that will make the metrics of your blog grow. This will then allow you to collaborate with companies that want to pay you to publish content on your blog.
And before you know it you’re generating a nice little side income just by spending an hour on the computer every evening. Believe it or not, blogging actually turns into a viable business opportunity as it grows. You could easily leave your job and make more money from a successful blog.
Now it’s time to think about all of the ways that you can get creative when making your money, literally. There seems to be a trend at the minute of people making cakes and other sweet treats and making a good amount of money from it.
Again, this is something that can be done as a side hustle alongside your normal job. It’s just a great way of being able to make money on the side if you feel like the income you have is not enough, but you don’t want to run the risk of stepping out of your job to go into a full-on business.
A little cake business on the side is proving viable for many people, but if you want to extend it further than the friends and family you have that will support you, you need to use the power of social media. Set yourself up a business page to gain a good following.
All you really need to do is get friends and family to share your pages to their friends and family, and your network will begin to grow. You can then focus on the quality of the products that you’re producing, just like you would if you were setting up a full-on business. You will be able to perfect your skills as you go along, and as your customer base grows it might even turn into something that you can do full time, rather than on the side when you’re working.
Small Business Ideas
So although the ideas that we have spoken about already are technically small business ideas, they’re all side hustles that need to be done around a fully functioning career. They shouldn’t be relied upon for an income in the initial stages.
A small business means upping your life and moving to something completely new, and there are some small business ideas that can help you do just that. The one we have in mind is a food-based business. We might have already touched upon a foodie based one already, but this is just a different way of going about it in order to make more money.
So, we’d recommend starting off small with a cafe in a bustling city that offers beautiful drinks and tantalizing light bites. You can save so much money by making fancy smashed avocado on toast and funky bacon sandwiches, rather than coming up with a menu that requires so much more. It’s an easy investment because the cafe setup won’t require as much as a big restaurant would, nor would the stock, and they’re far easier to manage.
You can then gradually expand your business as the demand comes in. You can expand your menu to offer more, and even expand the space you have. All you need to know is the basics of running a business, such as stock management and cash flow and be the face of the business that helps it grow.
Join The Investment Hype
The investment hype is definitely one that you want to join if you feel like you don’t want the hassle of setting up a business in any way but want the freedom of being able to earn an income that’s far greater than what you’d be able to get with your current job. The issue is that you need to make sure you’re investing enough time into trading to earn the money.
For example, forex trading only happens in the week, and prime time is in the morning when you might be in the office for work. There are, however, more ways of being able to make money through investing than just forex. This expertoption review will show you just one way of being able to trade when you don’t have much time to trade yourself.
But you do need to understand the basics of trading without letting someone else do it for you. A broker is usually the natural way to go for anyone who wants to start trading, but that means someone else doing it for you at an expense. If you learn how to trade yourself, your chances of earning more will go up.
Another tip is to always make sure that you’re prepared to lose some money. You don’t want to put everything you have into an investment and lose out on everything. You just need a small amount to test the water with and see how that goes.
Live More Frugally
If everything we have spoken about so far sounds like a ton of effort, then you need to think of ways that you can live more frugally. It might be that you don’t need any more money at all, you just need to change what you’re doing with the money that you have in order to have more.
So, a top tip is to make sure that you’re planning your money every single month. Account for everything you have going on. From a meal out to birthday presents, there are so many things that can throw your finances out if you don’t put the time into planning your money. There are even apps that can help you do it!
You might also benefit from using a money advice service if the reason why you’re struggling with your money so much is that you have some debts piling up. It’s so common for the modern-day person to have debt looming over their head. Even if it just be a small credit card debt that seems easy to clear, it can all build up and add to something that just isn’t manageable. But there are services out there that can help.