There are numerous tools at your disposal if you hope to a sustainable income while travelling abroad or if you are away from home.
Let’s take a quick look at seven worthwhile suggestions to keep in mind.
Are you hoping to secure capital towards an upcoming project (such as the launch of a new business)? If so, crowdfunding is a great option. It is more efficient than traditional fundraising and you are able to reach a much wider audience (1).
If you have a talent for writing, paid blogging could be a great idea. Many companies are looking for talented authors to promote their products or services. As a result, you will be paid for each article that is submitted.
Contracts for difference are unique investment vehicles due to the fact that money can be made in both rising and falling markets.
Furthermore, accessing the stock market is easy because you’re able to trade CFDs online with a reputable platform. Short-term positions are also possible; ideal if you desire a more liquid position.
Commodities trading is another possibility at your disposal.
Commodities are also ideally suited if you wish to embrace a risk-averse stands, as these assets tend to be more stable when compared to open-market positions.
As a result, the associated prices are also more predictable (2). Some examples include precious metals, oil, livestock and coffee.
Online Travel Reviews
Do you love to travel the world and are you hoping to tell others about your experiences?
Why not get paid for writing online travel reviews?
Many businesses and websites are eager to encounter individuals who are able to provide first-hand accounts of specific destinations.
You can also dictate the associated working hours, so this position offers a superior level of flexibility.
Becoming an English Teacher
Teaching English as a foreign language is another possibility.
Many countries are looking for those who are native speakers and as a result, the chances are high that you will be able to find plenty of work opportunities.
While larger institutions may require specific certifications such as a TOEFL licence, there are always chances to acquire a number of private students.
Pay-per-click advertising is another way to generate a side hustle while out and about.
This is particularly useful if you already own a website and you have a strong base of followers. Otherwise known as PPC, you will generate a small amount of income each time a website visitor clicks on a link or a banner advertisement.
You could earn even more if the individual happens to make a subsequent purchase. While the amount obtained per click may seem inconsequential at first, the numbers will quickly add up.
These are seven skills which can provide you with a reliable source of additional income. Please keep in mind that each can be used in synergy with the others, so it may be a good idea to experiment in order to determine the methods that best suit your personal requirements.
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