Times are tough right now for many of us. The world shut down, people are losing their jobs and it’s getting really hard to pay your bills—in some way, shape and form most of us are feeling the difficult times. And we’re not sure how we’re going to handle the future… honestly, we don’t know what tomorrow is going to look like.
If you’re feeling that way, you’re not alone.
If you’re struggling during this time, you’re probably wondering how you’re going to make next month’s rent or what you’re going to do if you lose your job next week. It’s a scary position to be in, especially because we don’t have control over anything.
But there are a few things we can start doing today to diversify our incomes. While they won’t fix the problem tomorrow, down the line they’ll be a real lifesaver. So, here are a few ways that I’m diversifying my income:
Have a Freelance Gig
I freelance write, but it’s not the only thing I do to make money. Freelance writing started out as a tiny side hustle and moved really quickly into my full-time gig, but it’s not the lifestyle for everyone. Some people just want a bit of extra cash on the side, and that’s what a freelance gig is.
You can freelance almost anything. From writing and design to doing the books for small businesses or teaching English over the internet, there is a TON that you can do online. Your freelance activity should be something that you not only are good at but you like doing.
Write an eBook
Do you dream about being an author? Now is the time to start. Creating an eBook is one of the more heavy duty ways to make extra money, but if it’s something you really want to do it is a great option.
There is a lot of work that goes into creating an eBook, but it can be a great way to create a semi-passive income. But make sure that once you write it you market it, because so many authors miss out on money because their books never make it out in front of their audience.
Create a Course
If you can do something, you can teach it. Creating a course can be a great semi-passive source of income. I say semi-passive because while you can sell a course in your sleep, you still need to put effort into marketing it.
Even still, once you create a course, you don’t have to do anything but market it… unless you want to update it. It’s a great low-effort way to bring in some extra cash. Especially if you’re teaching something that’s unique.
Start a Blog
Blogging is a long term game, like any other content creation activity. But if you love writing and you want to focus on writing what you love and can figure out how to monetize your blog (it’s not hard, it just takes time), then this might be your best bet.
With a blog you can focus on something you love and create content you’d like to read. It’s a great side hustle for those of us that are creative and are happy investing lots of time into their products.
How are you diversifying your income? Share your thoughts in the comments below!
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