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Top Strategies to Earn Extra Income This Year

Discover top strategies to earn extra income this year, from selling items online to becoming a virtual assistant.

10 min read

5 months ago

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Are you looking to make some extra cash this year? Whether you're saving for a big purchase, paying off debt, or just want a little more financial freedom, there are plenty of ways to boost your income. From selling items online to offering your skills as a virtual assistant, the opportunities are endless. Here are the top strategies to help you earn extra income this year.

Key Takeaways

  • Selling items you no longer need on eBay, Craigslist, or Facebook Marketplace can quickly put money in your pocket.
  • Signing up for free rewards apps is an easy way to earn a little extra without much effort.
  • Got old books lying around? Selling them can be a simple and effective way to make some cash.
  • If you're crafty, selling printables on Etsy can turn your hobby into a profitable side hustle.
  • Amazon arbitrage involves buying low and selling high, and it can be a lucrative way to earn extra income.

1. Sell Items on eBay, Craigslist, or Facebook Marketplace

One of the easiest ways to make some extra cash is by selling items on eBay, Craigslist, or Facebook Marketplace. Any used items like furniture, household appliances, or collectibles that you no longer need can be sold online to earn money.

To get started, follow these steps:

  1. Gather items you want to sell.
  2. Take clear, well-lit photos of each item.
  3. Write detailed descriptions, including any flaws or unique features.
  4. Set competitive prices by researching similar items.
  5. List your items on the chosen platform.
  6. Respond promptly to inquiries from potential buyers.
  7. Arrange safe and convenient pick-up or delivery options.
If you get serious about this, you can even sell items for others and earn a small commission for each sale. Taking quality photos and writing good descriptions will help you succeed.

Selling online is a great way to declutter your home and make some extra money. With a little effort, you can turn unused items into cash.

2. Sign Up for Free Rewards Apps

Signing up for free rewards apps is a simple way to earn extra income with minimal effort. These apps reward you for everyday activities like shopping, taking surveys, or even just using your phone. Here are some popular options to consider:

  • Swagbucks: Earn up to $35 per survey and get a $10 bonus just for signing up!
  • Survey Junkie: Take three surveys a day and earn up to $100 a month.
  • KashKick: Get paid to answer surveys, test games, and try new products.
  • Product Report Card: Get notified about higher-paying product tests, clinical trials, and online focus groups.
  • American Consumer Opinion: Join millions of free members and earn up to $50 per survey.

Another way to earn is by selling your mobile data. Apps like Nielsen and Mobilexpression reward you for sharing your internet usage behaviors. Simply download the app, let it run in the background, and earn points to redeem for prizes and sweepstakes entries. This can realistically earn you around $20 a year in passive income.

Using rewards apps is an easy and effective way to make some extra cash without changing your daily routine.

3. Sell Used Books

Selling used books can be a great way to make some extra money. You can start by using the free BookScouter app to find out what your books are worth. This app helps you compare prices from various book-buying websites, ensuring you get the best deal.

Here are some steps to get started:

  1. Gather all the books you no longer need or want.
  2. Use the BookScouter app to check their value.
  3. Choose the best offer and sell your books.

Some people have even reported earning up to $4,000 a month by flipping used books! If you want to speed up the process, you might consider using the ScoutIQ app, which is known for its faster results.

Selling used books is not only a way to earn extra income but also a chance to declutter your home. Plus, it gives your old books a new life with someone who will appreciate them.

4. Sell Printables on Etsy

Selling printables on Etsy is a fantastic way to earn extra income, especially if you have a knack for design and enjoy exploring new trends. You can make a significant amount of money without needing to manage any inventory. For instance, some sellers have reported earning up to $10,000 a month.

Steps to Get Started

  1. Research popular niches and trends.
  2. Create unique and appealing designs.
  3. Set up your Etsy shop and list your printables.
  4. Promote your shop through social media and other channels.
  5. Continuously update your offerings based on customer feedback and trends.
Selling printables is a low-risk, high-reward venture that allows you to leverage your creativity and design skills.

5. Amazon Arbitrage

Amazon arbitrage is a great way to make extra money by buying products at low prices and selling them for a profit on Amazon. This method leverages Amazon's vast logistics network and massive customer base.

Steps to Get Started

  1. Find Discounted Items: Look for clearance or markdown products at local stores or online.
  2. Research Prices: Compare the prices of these items on Amazon to ensure you can make a profit.
  3. Purchase and List: Buy the items and list them on Amazon, using attractive descriptions and images.
  4. Fulfillment by Amazon (FBA): Use Amazon's FBA service to handle storage, packing, and shipping.

Tips for Success

  • Start Small: Begin with a few items to understand the process without a big investment.
  • Stay Updated: Keep an eye on market trends and seasonal sales.
  • Use Tools: Utilize price comparison tools and apps to find the best deals.
Amazon arbitrage can be a lucrative side hustle if you are willing to put in the time and effort to find good deals and manage your listings effectively.

6. Software Consulting

If you are an expert in a particular software, you can make good money by offering consulting services. As more people use the software, the need for expert help also increases. For example, Brad Rice made over $200,000 a year part-time by consulting on Salesforce.

Steps to Get Started

  1. Identify a software you are skilled in.
  2. Gain certifications if needed.
  3. Market your services online and offline.
  4. Build a portfolio of successful projects.

Benefits

  • High earning potential
  • Flexible work hours
  • Opportunity to work with various clients
Software consulting can be a lucrative side hustle or even a full-time job. The key is to stay updated with the latest features and best practices of the software you specialize in.

7. Flipping Furniture

Flipping furniture is a great way to earn extra income, especially if you enjoy working with your hands. This side hustle involves buying used furniture, fixing it up, and selling it for a profit. You can find pieces at garage sales, thrift stores, or online marketplaces.

Steps to Get Started

  1. Find Furniture: Look for solid wood pieces, as they are easier to work with and more durable.
  2. Assess Condition: Check for any major damages that might be too costly to repair.
  3. Fix and Refurbish: Clean, sand, paint, or stain the furniture to give it a new look.
  4. Sell: List your refurbished furniture on platforms like eBay, Craigslist, or Facebook Marketplace.

Tips for Success

  • Start Small: Begin with smaller pieces to get the hang of the process.
  • Learn Basic Skills: Knowing how to sand, paint, and make minor repairs can go a long way.
  • Market Well: Take good photos and write detailed descriptions to attract buyers.
Flipping furniture not only helps you make money but also gives old items a new life. It's a win-win for you and the environment.

8. Become a Virtual Assistant

A virtual assistant is someone who offers administrative services to clients from a remote location. This role has become more popular as businesses look to cut costs and use the internet for daily tasks. If you're organized and good with technology, this could be a great way to earn extra income from home.

What Does a Virtual Assistant Do?

Virtual assistants handle a variety of tasks, including:

  • Scheduling appointments
  • Managing customer emails
  • Booking travel
  • Data entry
  • Social media management
  • Blog writing

Skills Needed

To be a successful virtual assistant, you should have:

  • Good computer skills
  • High level of organization
  • Ability to manage multiple tasks
  • Strong communication skills

Benefits

  • Work from home
  • Flexible hours
  • Opportunity to work with different clients
Becoming a virtual assistant can be a rewarding way to make money while helping businesses run smoothly. If you have the right skills and enjoy working independently, this could be the perfect side hustle for you.

9. Parking Lot Cleanup

Cleaning parking lots can be a surprisingly profitable side hustle. You can earn between $30 to $50 an hour by offering this service to local property management companies. This job involves picking up litter and ensuring the parking area looks tidy.

Getting Started

  1. Gather Supplies: You'll need basic cleaning tools like a broom, dustpan, and trash bags.
  2. Find Clients: Reach out to property management companies or local businesses with parking lots.
  3. Set Your Rates: Decide on your hourly rate or charge per job.
  4. Schedule Regular Cleanups: Offer weekly or bi-weekly services to keep lots consistently clean.

Benefits

  • Flexible Hours: You can choose when to work, making it easy to fit into your schedule.
  • Low Startup Costs: Basic cleaning supplies are inexpensive.
  • Outdoor Work: Enjoy working outside while earning money.
Parking lot cleanup is a simple yet effective way to earn extra income. With minimal investment and flexible hours, it's an ideal side hustle for anyone looking to make some extra cash.

10. House Cleaning

House cleaning is a great way to earn extra income, especially if you enjoy tidying up and organizing spaces. You can make $30-50 an hour by offering part-time cleaning services. Many homeowners prefer to hire someone to clean their homes, creating a steady demand for this service.

Steps to Get Started

  1. Gather Supplies: Invest in quality cleaning tools and products.
  2. Set Your Rates: Decide how much you will charge per hour or per job.
  3. Advertise Your Services: Use social media, local bulletin boards, and online platforms like HouseKeeper.com to find clients.
  4. Offer Excellent Service: Ensure you do a thorough job to get repeat business and referrals.
House cleaning can be a flexible and profitable side hustle. With the right approach, you can build a loyal client base and enjoy a steady stream of income.

Conclusion

In conclusion, there are countless ways to earn extra income this year, whether through online gigs, selling items, or offering services. The key is to find something that fits your skills and interests. Remember, every little bit helps, and with some effort and creativity, you can boost your earnings and achieve your financial goals. So, why wait? Start exploring these opportunities today and take the first step towards a more financially secure future.

Frequently Asked Questions

What are the best platforms to sell items online?

You can sell items on eBay, Craigslist, or Facebook Marketplace.

How do free rewards apps work?

Free rewards apps give you points for doing simple tasks like shopping or watching videos. You can trade these points for gift cards or cash.

Where can I sell used books?

You can sell used books on websites like Amazon, eBay, or at local bookstores.

What are printables, and how can I sell them?

Printables are digital files like planners or art prints that people can download and print at home. You can sell them on Etsy.

What is Amazon Arbitrage?

Amazon Arbitrage is buying products at a low price from one place and selling them at a higher price on Amazon.

What does a virtual assistant do?

A virtual assistant helps with tasks like answering emails, scheduling meetings, and managing social media, all done remotely.

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