Tips to make money on the side while running a business -

Tips to make money on the side while running a business

Dec 25, 2019Jeremy ParkinsonBusiness0

Running a business is no easy feat. Regardless of the size of your venture, it takes up much of your time and resources.
Sometimes, though, you may need to find other ways to make more money for your business to stay solvent. Fortunately, you can now find side hustles online that don’t require you to report to a physical office.
Here are some tips to help you make money on the side while running a business:
1. Answer surveys
Companies enlist the help of websites such as Inbox Dollars, Swagbucks, and Survey Junkie to gather consumer feedback on their products and services. In turn, you can register to these sites, answer surveys about the brand’s merchandise, and be rewarded for your efforts.
While you can’t expect to earn so much from this side hustle, you can use the funds for your petty cash. If you’re looking for the survey site that provides the best rewards, check out this review by Survey Cool for the top websites of 2019.
2. Offer consulting services
Your knowledge of how to start a business and the processes involved with it is a valuable resource. You can earn money from this expertise by becoming a consultant.
A lot of people want to put up a business. However, they don’t know where to start, like what product to sell, what platform to use, and how to attract new customers. This is where you come in. Because you’ve been in that position before, you can help aspiring entrepreneurs build their empire one step at a time.
These are the steps you need to take to become a consultant:

Determine your expertise – The field of business has several aspects. It’s unlikely that you’re an expert on them all. You have to identify your strengths by asking yourself if you’re more adept at sales, marketing, or public relations, and go with that capability.

Become certified – Look for certifications that can make you a cut above the other consultants. These credentials can boost your authority and are concrete proof of your investment in your knowledge.

Know your niche – It’s best if you stick to the industry that your business is in. This way, you can be sure that you know it’s ins and outs.

Market yourself – Make a website and create official social media accounts for your consulting side hustle. These platforms are excellent tools for reaching potential clients.

3. Become a freelance writer
If you have a knack for writing, you can go freelancing as a writer. There are lots of opportunities available online for this role. You can even find some that don’t require you to work a specific number of hours. You just have to complete your tasks and submit your output when you can.
4. Teach English online
Another relatively easy side hustle is to become an English tutor. Lots of people all over the world want to learn the language from a native speaker, which makes this service perfect for you.
The primary advantage of this job is that you get to choose your schedule so that you can have classes during your spare time. With this, you can still fulfill your obligations to your business while earning extra income.
5. Go into web development
For those who have knowledge of programming and coding, you can find many opportunities to become a freelance web developer online. Whether you’re more proficient in front-end or back-end development, you can put this technical knowledge to good use by helping others build their websites.
6. Sell your old stuff
Earn extra money on top of the sales of your products and services by selling personal stuff you no longer use. Facebook Marketplace is an excellent platform where you can promote your items to people in your area. The process is similar to a garage sale except that it’s online. This saves you from shipping fees and other extra costs.
7. Rent out your properties
You can also rent out your home, car, or parking space to others who need them temporarily. This arrangement is perfect if you’re comfortable sharing your space and things with others. The process can bring in extra cash that you can use to expand your business.
Conclusion
Side hustles are made more manageable and straightforward by the advent of technology. Business owners can help keep their venture solvent by taking on extra jobs.
Improve cash flow by answering surveys, offering your consulting services, becoming a freelance writer, teaching English, going into web development, selling your old stuff, or renting out your properties.