Ways People Can Make Money in Today’s Economy
Reading Time: 6 minutes We live in a technological age. While the rest of the world lives in fear of machines and AI taking over every job on the market and rendering humans obsolete, you should focus on the career opportunities this new era is creating. The truth is, the modern job market is rife with opportunities for professional growth, both in the online and offline realms.
However, there are ways you can earn a small buck right away, and there are ways to build a real career and generate some serious income – you will have to decide on the best way forward and put in the work necessary to make your dream a reality. You can also combine the following ideas in order to create multiple income streams that will help you build financial independence over the long term.
Here are some excellent ways you can make money in today’s economy.
Table of Contents
Sell your stuff online
The first thing that might come to mind when looking to earn a few extra bucks is to sell your stuff online. And what a great idea it is! With the online shopping trend in full swing, joining popular E-commerce platforms such as eBay or Etsy is a great way to declutter your life and your living environment while earning a few dollars on the side.
This might turn into quite a revenue stream if you plan your approach meticulously, focusing on selling quality products through compelling descriptions and inviting imagery. The best part is that you can run this project as long as you have something to sell, like used books, movies, clothes, gadgets, and tech, art, etc. Once you’re ready to delve into the E-commerce world professionally, though, you should consider opening up your own store.
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Start your own E-commerce store
The E-commerce industry is on a never-ending upward trajectory, with the market value expected to exceed 4.88 trillion USD by 2021. This creates an opportune environment for any aspiring entrepreneur to step into the lucrative marketplace and grab a hefty slice of the financial cake. However, this doesn’t mean that E-commerce success comes easy.
On the contrary, this is a full-time gig and it requires plenty of careful planning and preparation in order for your efforts to bear the right fruit. First off, you will need a well-optimized site in terms of SEO and UX in order to get your brand in front of the right audience and boost traffic.
You can also leverage content marketing to your advantage and use it to attract customers to your website, but more importantly, convert them into loyal brand followers. Keep in mind that the E-commerce industry is competitive, to say the least, so you will need to incentivize customers to come back with special deals, discounts, loyalty programs, and more.
Walk a dog or five
Okay, let’s take it down a notch before we move on to more “long-term” financial solutions. If running your own online store seems like a bit too much, then you can always make an extra couple of hundred bucks doing work around your neighborhood. One of the best jobs that also comes as a welcomed stress-relief is dog-walking.
Being a dog walker is fun and rewarding, and it’s just a great way to spend more time outside with a human’s best friend. According to PayScale, walking dogs can be a lucrative job opportunity as well, provided that you walk several dogs at the same time and commit to working every day. Nevertheless, it does beat a boring office job any day of the week.
Enter the real estate game
Now that you had a chance to consider a more laid-back career path, it’s time to talk about some serious life-changing opportunities. We’re talking ones that could set you up for life and help you establish true financial independence. The keyword you’re looking for here is the investment. Concretely, real estate investment.
The possibilities are endless. Make sure to think of a backup plan as the property may not be filled straight away. Protecting vacant properties can be done in many ways such as with people or technology.
For decades, investing in properties has been one of the safest options for aspiring investors. There is a myriad of opportunities within the industry, so be sure to get credible property investment advice in order to find out which investment lane to take. From renting or selling residential properties to renting commercial offices for affluent business leaders and their teams, the possibilities are endless.
Build a network of rental properties under your wing, for instance, and you will have secured your financial future. That said, take the time to conduct adequate market research, obtain the investment capital, and assemble a team that will help you transform your plan into reality.
Become a copywriter
Venturing back onto the digital plane, you will find that there are still a number of career paths you could take. For instance, becoming a copywriter or a content creator for personal or corporate brands is a great way to showcase your storytelling skills and earn a sizable income online.
The amount of money you earn will directly correlate with the amount of time and effort you put into writing, as copywriters and content creators are usually paid on a per-assignment basis. Nevertheless, this doesn’t mean that you can’t strike a long-term deal with a reputable company when you build up your online reputation as a quality content creator.
Kick-start your own blog site
On the other hand, if you’re not someone who can work under the watchful eye of a content manager or editor, and instead want complete creative freedom, then kick-starting your own blog site might be the way to go. Blogging is a highly-lucrative industry nowadays, albeit equally competitive.
The most dominant websites in every niche will hold the majority of the readership, and it will be up to you to win audiences over with your amazing content and a unique approach to communication. It’s a lot of work at first, but if you work diligently towards establishing a loyal following, implementing concrete SEO strategies, and churning out stellar content on a daily basis, you can solidify your position in the competitive arena.
Help people better their lives
Are you a people person? Do you have a specific set of skills that could help others better their lives and achieve their goals? Great, now sell them. There is no reason why you shouldn’t sell your knowledge and experience both offline and online, as there is always someone who wants to know what you know, and would pay a handsome price to get it.
With virtual classrooms and one-on-one tutoring work becoming commonplace in the digital realm, you can easily acquire clients or whole groups of people who want to learn your specific skills. From being an English teacher to sharing concrete business knowledge or helping people with their “soft skills”, there is plenty to do in the private tutoring world.
Got a car? Drive people around town
Last but not least, sometimes people just need a transitional side-job that will cover their living expenses and keep the proverbial ship afloat until they are ready to get back in the fray. Aside from taking care of other people’s pets, driving others around town in your own car might serve as an excellent interim career choice. You will need to meet the vehicle standards and personality tests to join reputable carpooling companies such as Lyft or Uber, but other than that, the job is a breeze.
A parting word or two
The modern job market is not bad, or unstable, it’s just evolving. There are countless exciting career paths out there for those who are willing to adapt, take action, and overcome. With these temporary and long-term career opportunities in mind, you’ll have no problem making money despite the economy, despite the odds.
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