Last Updated: January 2021
Nearly everyone dreams of quitting his or her day job, whether it's tomorrow, next year or in the next decade. However, there is a wide chasm between "dreams" and "action" that many people never seem to cross -- and it's usually due to finances.
Obviously, if you want to quit, you need to find another way to make enough income to pay your bills, save for the future and enjoy life. But what's the best way to do this? How can you make enough "side income" now so you can quit your job in the near future?
Here are great ways to make side income while still working your day job:
1. INVEST IN OIL AND GAS MARKETING
Oil and gas business is wide and diverse. You can actually go into oil and gas products trading, supplies, big and small deals and facility management, the oil industry is where everybody can benefit. The trading opportunity is massive, in fact, in one deal alone, you can make over N200,000. Product trading is where the wealth is and, it has a wide scope, from the Automotive gas oil(AGO- Diesel) to PMS(petrol) and DPK(kerosene).
You will find opportunities from homes, banks, factories, workshops, eateries and business centres, cyber cafes, companies, government offices, filling stations, construction sites/companies, tank farms, etc. All these places are where you can supply petroleum products for millions even on your first delivery. This business was made simple and open to all by the partial removal of the fuel subsidy and complete removal of Dpk subsidy by the federal government.
The good news is, you do not need to be a millionaire to start this business. With what is called Local Purchase Order(LPO) you can start without any capital(money) and still make huge amount of money. LPO is a contract agreement between you and the company you want to deliver the product to, and usually, it contains the quality, quantity, date the product will be delivered, terms of payment, etc. When you deliver the product to the company, you will be paid instantly and then you can in turn, pay your supplier. You may not even see the product( the supplier will take the product straight to your customer) and you will be paid.
That is, you will be acting like an agent to the petroleum companies your are getting your products from. That means, you don't need to quit your day job, you don't need any certificate or paper work of any type, because the company will take care of all these. You can promote your business with your smartphone online through twitter, facebook, blogs, forums or through handbills, telling your friends and meeting the managers in some of the organisations mentioned above at your free time.
Your jobs is mainly to convince people to buy through you.
For more about this business and to learn how to start, click here to know more
2. INVEST IN REAL ESTATE
My eyes were first open to the idea of "passive income" after reading Rich Dad Poor Dad by Robert Kiyosaki. Although not a real-estate book, it taught me the value of owning assets that produce income, which led me to real estate. Real-estate investing is not always passive, and not always easy, but it can be highly profitable. In addition, there are hundreds of ways to invest in real estate. For example, you could:
Flip houses
Own rental houses
Become a "house hacker"(independent agent)
Own vacation rentals (AirBnB)
Rent out duplexes, triplexes and fourplexes
Buy and rent out apartment complexes
Real-estate investing is a good way to create side income because it runs like a locomotive. It might take a little time to build up, but once it's running, it goes a long way with less effort and is hard to stop.
3. WRITE A BOOK
Many people have dreams of writing a book, but very few ever do. They think it's too hard, that they don't know enough, don't have enough time, aren't smart enough or whatever other excuse they can come up with. But the truth is: you can write a book, and that book can help you make additional monthly income.
There are several avenues you can take when writing a book, and there is no "best route." For example:
You could write a series of shorter topic-specific books and publish them on Kindle.com. You could self-publish through your own website and sell to your existing customers. You could partner with a larger platform and sell to its audience (as I did).You could work to get published through a major publishing company (probably the most difficult path).You could record an audiobook and publish it on Audible.
Writing a book today is not as tough as it once was, as there are so many avenues with which you could publish. The keys are no longer held by elite publishing companies. The keys are now in your hands.
4. SELL A PRODUCT ON AMAZON.
I'm slightly addicted to Amazon Prime, as my local UPS driver can attest to. It seems every day I have a package or two waiting at my doorstep -- and it's usually from people just like you. Most of them probably never touch the product that I'm buying.
That's right: you no longer need to have a warehouse, inventory or employees to buy wholesale products and sell them at retail. Amazon has leveled the playing field and now anyone can sell products.
A friend of mine, Chris from UpFuel.com, decided to sell products on Amazon. He researched best-selling ideas, contacted a manufacturer in China and had the perfect model designed, had the product shipped to Amazon's fulfillment center in the United States and sells his product on the site, making thousands of dollars a month in profit. No matter the country you reside, you can sell on Amazon. Infact, Amazon can make you to be earning upto $10,000 weekly from your sales.
The best part? Chris doesn't ever touch the product, and it largely runs on autopilot at this point.
Personally, I have been selling on Amazon for over a year now and I generate upto $2,000 to $5,000 weekly on sales of phones accessories(iphones and androids). The process is very easy and you can configure it to run on autopilot. You can get manufacturers to customise your products and after that, they will ship it to Amazon fulfilment centre in USA for you. You can as well, chose to promote other peoples products and earn high commissions.
All you need is just your smartphone to start this business.
To learn more and to know how to fully start this business, get the full explanation here "Amazon secret business model "
5. SELL YOUR SKILLS
Chances are you are good at something in the business world. Perhaps it's accounting, data entry, video production or writing.
Whatever you are good at, there are likely people out there willing to pay you good money to run that part of their business for them. Smart business owners know that they should focus on what they are good at, and hire out the rest. This is where you can come in and make side income doing what you love.
In addition to freelancing, you could also become a consultant. For example, my friend Joshua turned his knowledge of Infusionsoft, ClickFunnels and other marketing systems into a full-fledged consulting business, where he helps CEOs identify existing opportunities in their businesses. Personally, I am an International Business Consultant. Have consulted in food industries, oil and gas companies, Blogging, web designing and SME startups, etc.
So what are you good at? What will other people pay you for?
6. START A BLOG.
Finally, a good way to make side income can be with a blog. Although it takes time to build up a following, once you have that following there are numerous ways to monetize the blog.
Jeff Rose, from GoodFinancialCents.com, uses his blog to build up his authority as a certified financial planner, driving traffic and income to his business. At the same time, his blog allows him to monetize in other more passive methods, such as affiliate marketing, online products and consulting.
To succeed at blogging, it's important that you:
Focus on writing quality contentWork hard at getting that content out there to the worldBuild your email list from day one, so you can market to those people later.
Blogging is definitely not a "sit at home in your underwear and make easy money" kind of activity. It requires diligence, quality and time. However, blogging can be incredibly rewarding.
There is one common theme with all of the above methods for making side income. Do you know what it is? They all take work. That's right, you'll never achieve the kind of lifestyle you want if you don't work for it. So get out there today and start hustling. You'll be able to quit that job faster than you ever imagined.
Check out the various blogging tips here.
How to be a good blogger
How to make money through blogging
Affiliate marketing guide for bloggers
Contributor: Brandon Turner (Entrepreneur.com)
Obviously, if you want to quit, you need to find another way to make enough income to pay your bills, save for the future and enjoy life. But what's the best way to do this? How can you make enough "side income" now so you can quit your job in the near future?
Here are great ways to make side income while still working your day job:
1. INVEST IN OIL AND GAS MARKETING
Oil and gas business is wide and diverse. You can actually go into oil and gas products trading, supplies, big and small deals and facility management, the oil industry is where everybody can benefit. The trading opportunity is massive, in fact, in one deal alone, you can make over N200,000. Product trading is where the wealth is and, it has a wide scope, from the Automotive gas oil(AGO- Diesel) to PMS(petrol) and DPK(kerosene).
You will find opportunities from homes, banks, factories, workshops, eateries and business centres, cyber cafes, companies, government offices, filling stations, construction sites/companies, tank farms, etc. All these places are where you can supply petroleum products for millions even on your first delivery. This business was made simple and open to all by the partial removal of the fuel subsidy and complete removal of Dpk subsidy by the federal government.
The good news is, you do not need to be a millionaire to start this business. With what is called Local Purchase Order(LPO) you can start without any capital(money) and still make huge amount of money. LPO is a contract agreement between you and the company you want to deliver the product to, and usually, it contains the quality, quantity, date the product will be delivered, terms of payment, etc. When you deliver the product to the company, you will be paid instantly and then you can in turn, pay your supplier. You may not even see the product( the supplier will take the product straight to your customer) and you will be paid.
That is, you will be acting like an agent to the petroleum companies your are getting your products from. That means, you don't need to quit your day job, you don't need any certificate or paper work of any type, because the company will take care of all these. You can promote your business with your smartphone online through twitter, facebook, blogs, forums or through handbills, telling your friends and meeting the managers in some of the organisations mentioned above at your free time.
Your jobs is mainly to convince people to buy through you.
For more about this business and to learn how to start, click here to know more
2. INVEST IN REAL ESTATE
My eyes were first open to the idea of "passive income" after reading Rich Dad Poor Dad by Robert Kiyosaki. Although not a real-estate book, it taught me the value of owning assets that produce income, which led me to real estate. Real-estate investing is not always passive, and not always easy, but it can be highly profitable. In addition, there are hundreds of ways to invest in real estate. For example, you could:
Flip houses
Own rental houses
Become a "house hacker"(independent agent)
Own vacation rentals (AirBnB)
Rent out duplexes, triplexes and fourplexes
Buy and rent out apartment complexes
Real-estate investing is a good way to create side income because it runs like a locomotive. It might take a little time to build up, but once it's running, it goes a long way with less effort and is hard to stop.
3. WRITE A BOOK
Many people have dreams of writing a book, but very few ever do. They think it's too hard, that they don't know enough, don't have enough time, aren't smart enough or whatever other excuse they can come up with. But the truth is: you can write a book, and that book can help you make additional monthly income.
There are several avenues you can take when writing a book, and there is no "best route." For example:
You could write a series of shorter topic-specific books and publish them on Kindle.com. You could self-publish through your own website and sell to your existing customers. You could partner with a larger platform and sell to its audience (as I did).You could work to get published through a major publishing company (probably the most difficult path).You could record an audiobook and publish it on Audible.
Writing a book today is not as tough as it once was, as there are so many avenues with which you could publish. The keys are no longer held by elite publishing companies. The keys are now in your hands.
4. SELL A PRODUCT ON AMAZON.
I'm slightly addicted to Amazon Prime, as my local UPS driver can attest to. It seems every day I have a package or two waiting at my doorstep -- and it's usually from people just like you. Most of them probably never touch the product that I'm buying.
That's right: you no longer need to have a warehouse, inventory or employees to buy wholesale products and sell them at retail. Amazon has leveled the playing field and now anyone can sell products.
A friend of mine, Chris from UpFuel.com, decided to sell products on Amazon. He researched best-selling ideas, contacted a manufacturer in China and had the perfect model designed, had the product shipped to Amazon's fulfillment center in the United States and sells his product on the site, making thousands of dollars a month in profit. No matter the country you reside, you can sell on Amazon. Infact, Amazon can make you to be earning upto $10,000 weekly from your sales.
The best part? Chris doesn't ever touch the product, and it largely runs on autopilot at this point.
Personally, I have been selling on Amazon for over a year now and I generate upto $2,000 to $5,000 weekly on sales of phones accessories(iphones and androids). The process is very easy and you can configure it to run on autopilot. You can get manufacturers to customise your products and after that, they will ship it to Amazon fulfilment centre in USA for you. You can as well, chose to promote other peoples products and earn high commissions.
All you need is just your smartphone to start this business.
To learn more and to know how to fully start this business, get the full explanation here "Amazon secret business model "
5. SELL YOUR SKILLS
Chances are you are good at something in the business world. Perhaps it's accounting, data entry, video production or writing.
Whatever you are good at, there are likely people out there willing to pay you good money to run that part of their business for them. Smart business owners know that they should focus on what they are good at, and hire out the rest. This is where you can come in and make side income doing what you love.
In addition to freelancing, you could also become a consultant. For example, my friend Joshua turned his knowledge of Infusionsoft, ClickFunnels and other marketing systems into a full-fledged consulting business, where he helps CEOs identify existing opportunities in their businesses. Personally, I am an International Business Consultant. Have consulted in food industries, oil and gas companies, Blogging, web designing and SME startups, etc.
So what are you good at? What will other people pay you for?
6. START A BLOG.
Finally, a good way to make side income can be with a blog. Although it takes time to build up a following, once you have that following there are numerous ways to monetize the blog.
Jeff Rose, from GoodFinancialCents.com, uses his blog to build up his authority as a certified financial planner, driving traffic and income to his business. At the same time, his blog allows him to monetize in other more passive methods, such as affiliate marketing, online products and consulting.
To succeed at blogging, it's important that you:
Focus on writing quality contentWork hard at getting that content out there to the worldBuild your email list from day one, so you can market to those people later.
Blogging is definitely not a "sit at home in your underwear and make easy money" kind of activity. It requires diligence, quality and time. However, blogging can be incredibly rewarding.
There is one common theme with all of the above methods for making side income. Do you know what it is? They all take work. That's right, you'll never achieve the kind of lifestyle you want if you don't work for it. So get out there today and start hustling. You'll be able to quit that job faster than you ever imagined.
Check out the various blogging tips here.
How to be a good blogger
How to make money through blogging
Affiliate marketing guide for bloggers
Contributor: Brandon Turner (Entrepreneur.com)
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