How you can generate some extra income

If you can think of a way to help others, you can earn some extra income with these steps.

12:59 14 February 2014

There are a few steps you can take to improve your life and wealth regardless of your age or financial status. You may need to make minor adjustments in your life in order to accomplish some of these steps but if you’re looking for ways to create some sustainable income, you can follow these steps to begin. 

 

True sustainable income is not a get-rich-quick scheme, and it does require hard work and occasionally a sizable monetary investment. 

 

• Define strengths — before you can find out what the best options for sustainable income are for you, you need to be able to identify your strengths. You will need to define your skills, education, abilities, ideas, and areas of knowledge.  

 

• The “How” — once you have figured out the things mentioned under defining your strengths, the key is figuring out how to use those things in a way that will generate income. In order to do this you have to be able to provide a feature, service, or product that people find useful or that they need.

 

You can come up with this by thinking about a problem your skill set can solve, or finding out how you can help others solve their own. There needs to be a value for the person, some benefit that propels them to invest their money in what you are offering. 

 

• Self-managing business — in order to create income that does not require a lot of work after the initial setup, you need to set up a system that will manage itself such as an email subscription. You can also use multiple methods to create multiple income streams. Think: online courses, informative emails, live seminars, eBooks, referral sources, etc.

 

• Jump into the unknown — the final part is putting all of this together. Let people know what you offer and make some money.