Debt can be stressful. Not having enough money to cover your bills can keep you up at night. The constant harassment from bill collectors may have you wanting to, or already have thrown your phone across the room. Debt can become so bad that it can put a significant strain on your marriage. You need to get out of debt before your blood pressure goes through the roof!
But how do you do that? You probably already work a 40 hour-a-week job that can turn into 50 or 60 hours easily. If you are married, your spouse may be doing the same. You have kids you need to raise and spend time with and parents who would like to see you once in a while. There is any number of responsibilities that take up the majority of your time when you are not working.
You may have to sacrifice a little more of your already-scarce time to get something going, but the Internet can provide you with plenty of opportunities to earn some extra cash. Sit down and relax in the comfort of your own home while you work a side gig to get out of debt.
In This Article
Blog for Money
Blogs are everywhere on the Internet. They talk about everything from the best ski resorts in Japan to Internet security for business to caring for children. But not all of them are good. Add your voice to the mix and provide something useful for readers to enjoy. Be informative, be humorous, be interesting, but share your thoughts in your blog. If you do these three things on a subject that matters to you, other people with the same interest will find your website.
As you build readership, you create the potential of earning extra income through companies seeking to advertise on your blog. Be responsible about what types of ads you allow on your site, but accept their request. The more popular your blog becomes, the more you can charge advertisers. Note: you will have to post new content often to maintain its standing with both readers and advertisers.
Sell on the Internet
It seems like everyone is getting into e-commerce nowadays. But that doesn’t mean they are all active, or reliable. The vast majority of the $340 billion generated from online sales in the US came from less than 300,000 websites. That is fewer than half of the total number of e-commerce sites operating in the United States.
The underperforming sites are earning so little because they are not actively involved in selling or trying to grow their business. You can start your own e-commerce store but know that you will have to be serious about doing so. That does not mean you have to have a large inventory and assortment, nor do you need to make sales in volume. In fact, with this being something you will be doing on the side, it is best that you don’t try to be big. Find a niche or small variety of products to sell and target those people who would be interested in buying them. Just be active on your site so you can earn a bit of that $340 billion!
A lot of people are making money by posting videos on sites like YouTube or Vimeo. You can do the same. Car repair tutorials are good if you know the ins and outs of a vehicle. Gaming walkthroughs are extremely popular right now, so if you enjoy playing video games show others how it’s done and get paid to do it.
Do not expect to be an instant success. You may have to post several videos before one of them takes off. Or it may take longer than you had hoped to reach enough views to start generating revenue from these sites. Persevere and stay with it. Once you do start earning money, you can begin getting out of debt, and that will make the time it took worthwhile.
Do you have a knack for graphic design? Can you code or write? Are you good with math? If so, consider offering your expertise to others by freelancing. Take advantage of your skills and use them to complete a temporary need for a company. You can continue to generate revenue in this manner by working with multiple companies. Not only does this give you a steady stream of income but it can also give you a variety of projects to work on, keeping your side gig interesting.
A VA is someone who remotely performs tasks such as scheduling, researching, or data entry. Basically, you would be replacing the typical secretary and assisting someone in operating their business. This could be a long-term commitment, though, so consider how long you want to be involved in this side gig and how much time it will take you to get out of debt before you become a VA.
Brian is a Dad, husband, and an IT professional by trade. A Personal Finance Blogger since 2013. Who, with his family, has successfully paid off over $100K worth of consumer debt. Now that Brian is debt-free, his mission is to help his three children prepare for their financial lives and educate others to achieved financial success. Brian is involved in his local community. As a Financial Committee Chair with the Board of Education of his local school district, he has helped successfully launch a K-12 financial literacy program in a six thousand student district.