How To Increase Your Income

How To Increase Your Income

Start a service business

Launching a service business can be done without a large network, an online presence or much overhead. The easiest way to start is by telling people in your existing network what you’re offering and asking them to spread the word.

Noah Kagan from AppSumo nailed this concept. He decided to see if he could earn $1,000 in 24 hours, starting from scratch. He ended up founding a successful beef jerky subscription business that he gave to one of his students to run.

You can steal his concept, with a business like dinner catering, freelance writing or online marketing. Start by crafting a killer outreach email to get yourself up and running in just a few days.

Related: 105 Service Businesses to Start Today

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Host an event

You can make money hosting events without aiming for thousands of sign-ups, vendors and high-profile guest speakers. Instead, form a free MeetUp group on a topic you’re knowledgeable about, like growth hacking, and run free events.

After you secure a loyal following, charge for an event with a reputable guest speaker. Rent out a small, upscale conference room at a nearby hotel, and grow your new MeetUp by hosting exclusive, sought-after events that charge a premium for fantastic content.

Read This: Start Your Own Event Planning Business by The Staff at Entrepreneur Media and Cheryl Kimball | Amazon

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8. Open a New Bank Account 

Don’t want a new credit card? You may be abl

Don’t want a new credit card? You may be able to earn a couple hundred bucks by signing up for a new bank account.

Team Clark member Theo Thimou has researched this topic and found that you can earn $200 or more by opening up a checking or savings account with traditional banks like Chase, Citi, HSBC, SunTrust and Wells Fargo.

Discover is one of the online banks that also regularly has a $200 bonus if you deposit $25,000 into a savings account.

Not all bank bonuses require such large deposits, but most of them do make you take extra steps like setting up direct deposit, using your debit card a certain number of times and maintaining a minimum monthly balance to avoid a fee.

You should only take advantage of one of these offers if you know that you can jump through all of the hoops to get the bonus.

It’s also a good idea to keep a copy of the promotional offer that you got in the mail as proof in case the bank doesn’t automatically award the bonus after you’ve met the terms.


RELATED: Best Online Banks: Free Checking and High-Interest Savings Accounts

2. Work Out at Home

Staying fit is crucial for maintaining your quality of life — and staying healthy can help you save money in the long run. Still, a gym membership can be pricey. Statistic Brain reported that the average health club membership costs $58 per month, and that number can jump to more than $100 if you live in a pricier area, like Astoria, New York.

Increase your take-home pay by ditching the gym membership to work out on your own. Take brisk walks and runs around your neighborhood, and spend an hour cycling on the weekend. You can strengthen your muscles with bodyweight exercises, like push-ups, which you can do at home.

Read: 30 Weird Ways People Go Broke

10. Monetize Your Vlog, Blog or Website

If you have a website or YouTube channel, you might be able to make money by monetizing it. One quick way to earn money online is to place ads on your site — you'll earn money anytime someone views or clicks the ad.

How much you earn depends on your platform and your contract with the advertiser. But if you run a YouTube channel that receives 1,000 views a day, you might be able to earn an extra $1,440 per year, according to SocialBlade, a research and consulting company specializing in social media marketing.

2.Become a freelancer

If you have a talent, chances are, you can sell your skill. Whether you’re a writer, artist, graphic designer, photographer, etc., there’s a freelance gig for you. Let’s cover a few possible freelance angles for you to take.

Freelance writing

It’s easier than ever to become a freelance writer (all of our writers at Money Under 30 are freelancers). With that being said, if you’re just starting out it can be difficult to find a writing job that will pay you more than pennies.

We have advice here, on how to actually get hired for a freelance job. Also, a good place to start looking is Fiverr. It’s called Fiverr, because most people would charge just $5 for their services – some people still do that, others charge a lot more.

Teach online

If you like to teach and have some free time, consider teaching English as a second language. EF, an online teaching company where you could earn up to $2,000 a month, making it a pretty great side-hustle.

VIPkid is another excellent service that connects North American teachers and tutors with students in China for one-on-one English lessons.

The application process is rigorous, but you could make between $14 and $22 an hour—not necessarily the most competitive, but still decent.

Do small tasks

If you’re not prone to creativity, you can still make money online by offering your handyman (or woman) services on TaskRabbit.

Many of the tasks advertised on TaskRabbit involve tasks such as:

  • Putting furniture together.
  • Moving.
  • Running errands.
  • Picking up groceries.

Search the gigs section of Craigslist

Along with TaskRabbit, you can search the “gigs” section on Craigslist. Many of the gigs are hoaxes, but there are some that are legit. There are gigs that involve computer skills, writing skills, general labor, cleaning, etc.

21. Make Deliveries for Amazon Flex

Sticking with the delivery theme, Amazon Flex deli

Sticking with the delivery theme, Amazon Flex delivery drivers can make up to $18 to $25 an hour.

Amazon pays by the delivery block and opportunities are available in more than 50 cities to deliver for, Prime Now, AmazonFresh and Amazon Restaurants and more.

You can earn a higher hourly rate by driving a larger vehicle, working during peak times and making tip-eligible deliveries.

9. Download money-making apps

If you already shop online, downloading money-making apps can earn you cash every time you shop. Let’s take a look at some of the best apps.

MyPoints is one of my favorites. You can earn up to 40% back on all your purchases at 2,000 top retailers like Walmart, Home Depot, Best Buy, and Amazon. They also offer promo codes at tons of online stores. One of my favorite things about MyPoints is that you can redeem your points whenever you want. All you have to do is can cash out and get gift cards, or you can transfer the cash to your PayPal account. It’s actually very easy.

Read more: Cashback And Rewards Apps – Are They Worth It?

2. Give Your Opinion (In Focus Groups)

Another effective income stream is to register with companies that host focus groups, because they will pay you between $100 – $300 per session to give your feedback as a consumer. I used to regularly participate in focus groups during Graduate School.

At the time, I had more time than money, so I reviewed new flavors of Gatorade chews (and got to take home the extras!), gave feedback on REI’s latest marketing strategy, and even got paid $300 to participate in a mock trial in which an attorney group wanted to role play a big case prior to their court appearance.

If you’re in the Washington, DC, area (like me), I’d highly recommend Shugoll Research. Just head to this page to register for their database panel and you’ll get paid when you qualify and participate in their studies.

If you’re located outside the DC area, here’s a link to get started with your search for focus groups. Of course, you can also search for the terms “Focus Group + [Your City]” to find more options.

Creative or Unusual Side Hustles

For the more unconventional, here are some uncommon and creative ways to make extra cash in your spare time.

170. Become a fine art investor 

Fortunes can be won and lost in the world of fine art investing. If your appetite for risk is high and you want the opportunity to make money outside of traditional investing, it’s worth checking out a company called Masterworks

Instead of shelling out $3 million dollars for an Andy Warhol painting yourself (because who has that kind of money just laying around?!), Masterworks allows you to buy shares of ownership in a painting — just like you would buy a company’s stock. If Masterworks is able to sell a piece of art a few years later at a profit, the shareholders (aka investors) are entitled to a share of the profit. 

171. Play poker online

If this is the first time you are hearing about this, then we actually do not recommend trying it. The average skill level of players on the internet has improved so much over the past few years that it’s virtually guaranteed that a new player will lose money over the long run. But hey, Ben, one of DollarSprout’s co-founders, made upwards of 6 figures playing online in poker in college, so we had to list it.

172. Become a mystery shopper

Mystery shopping means getting paid by a company to pretend like you’re a regular customer at a store, restaurant, or another establishment. You provide feedback on things like how clean the store was or how well the employees interacted with you. You’ll likely be asked to make a purchase, which most mystery shopping companies will reimburse you for.

173. Transcribe audio into writing

Legal, medical, and business are the most lucrative fields for transcriptionists. Transcribers listen to audio recordings and convert them to text files. Types of recordings can range from court proceedings to podcasts to business presentations.

Transcriptionists who specialize in a specific field, such as legal or medical, typically earn higher rates than general transcriptionists. On average, you can expect to earn $15 to $30 per hour as a self-employed transcriber. Transcription jobs tend to pay by the audio hour, so earnings depend on how efficiently you work.

174. Sell roses for Valentine’s Day

If you start growing them in mid to late December, they should be ready by February 14th. Set up shop outside of a Starbucks, or a romantic restaurant the week of, and make some quick cash.

175. Be an online juror

Attorneys use mock juries to test out their evidence and arguments before presenting them in court. Once you hear the case, you’ll meet with the other members of the mock jury to discuss the evidence and decide on a verdict. The lawyers will observe discussions from a distance and may ask questions about your decision. You can sign up to become a mock juror through sites like eJury and OnlineVerdict.

176. Housesit

Consider joining local or regional Facebook groups for busy professionals who often travel for work; these groups might have plenty of house sitting opportunities.

People who leave for a warmer destination during the winter may also benefit from house sitting services. Ask around, tell your friends and family about your services, and begin making connections with people in your area. is another option for finding homeowners who need someone to watch their homes while they’re gone. Sign up for and create a profile that outlines your house sitting experience. You can also detail the types of additional tasks you’re willing to perform.

177. Invest in dividend-paying stocks

Some companies pay out a portion of their profit to shareholders in the form of dividends. One way to make extra money passively is to invest in companies with dividend-paying stock. Dividends are usually paid every three months, but it varies depending on the company. This isn’t a get-rich-quick method. you need money to start investing in the first place, and you’ll get the most from your dividends if you reinvest them rather than cashing them out.

178. Be an extra in a movie

While you probably won’t have any lines as a movie or TV extra, you’ll get the chance to gain some experience on a movie set, make valuable connections, watch experienced actors perform, and make some money.

If you live in the New York City or Los Angeles metro areas, you’re more likely to find movie extra gigs than if you live in a rural town, but that doesn’t mean they’re impossible to find. Check newspaper ads, your state’s tourism site, local casting agencies, and websites like to find out if there are any movies looking for extras near you. 

179. Sell art in cafes or restaurants

Most artists don’t have their own galleries where customers can walk in and buy their work. They’re expensive to maintain and require a steady flow of foot traffic.

Instead, many artists will have their work put on display in cafes or restaurants, where there are lots of people coming in and out every day. You would typically pay the cafe or restaurant owner a small commission on each piece of work that sells.

180. Help people decorate for the holidays

Another seasonal side hustle, helping people decorate for the holidays is a great way to make extra money during the winter season. Some people don’t enjoy decorating for the holidays, while others would like to but either don’t have the time or physical ability to do it themselves. You can help with a range of services, from full-house decorating and design to hanging string lights outside. 

181. Paint pet portraits

Pets are an important part of many people’s lives. That’s why they like to invest in keepsake items such as pet portraits that will allow them to remember their pets forever. If you’re a good painter and love animals, you can make some great money painting pet portraits. Reader Martina Allen has a successful pet portrait side hustle. Her income varies, but she’s earned as much as $4,000 in one month.

How many income streams should you have?

There is no “one size fits all” advice when it comes to generating income streams. How many sources of income you have should depend upon where you are financially, and what your financial goals for the future are. But having at least a few is a good start.

“You’ll catch more fish with multiple lines in the water,” says Greg McBride, CFA, chief financial analyst at Bankrate. “In addition to the earned income generated from your human capital, rental properties, income-producing securities and business ventures are a great way to diversify your income stream.”

Of course, you’ll want to make sure that putting in effort into a new passive income stream isn’t causing you to lose focus on your other streams. So you do want to balance your efforts and make sure you’re choosing the best opportunities for your time.

5. Freelance on Upwork

Assuming you’re already employed, you could consider taking on a side job to supplement your income. There’s no shortage of opportunities out there. The internet offers a host of possible outlets for additional income. You could become a freelance writer, a virtual assistant (VA), or tutor people via Skype.

A great choice would be to hop on one of the world’s largest freelancing platforms,

Simply join, create your profile, and start offering your skills to people all over the world. Upwork will handle the matching and payments, making the process quick and streamlined.

Interested in something away from the computer? You could look for dog walking jobs, tutor people in person, or become a driver for Uber or Lyft.

How to Free Up Time for Your Second Income Flow

While taking on more work may seem difficult if you’re already stretched for time, you can start by auditing what time you are wasting on things that don’t improve our life, such as watching long periods of Netflix.

You can also check your screen time stats on your smart phone and it’ll probably shock you how much time you can free up. Plus, you can pursue increased efficiency in daily tasks, for example, by bulk cooking food. You’ll be amazed at how much time you can find when you get creative.

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How I Created Multiple Streams of Income

My foray into multi-level marketing was embarrassing but also valuable in terms of life lessons I learned. I became a financial advisor shortly after that, mostly because I felt the career met my main criteria for helping people and creating an impact. However, it wasn’t always easy.

#1: Becoming a Financial Advisor

During my first year as a financial advisor, I got a small base salary. After that, it was up to me to figure out how to find and retain new clients. Fortunately, I quickly learned how to market myself, meet new people, and set myself up for success. And over time, I made the connections I needed to grow my base of clients, earn a real income, and produce the type of results my clients wanted.

Anyone who is self-employed knows how hard it is to get out there and “eat what you kill. “I did have a big firm backing me so that definitely helped, but it was still up to me to go out and find new clients.

And really, this is why financial advisors have one of the largest failure rates of any profession. Meeting people and acquiring new clients is hard – especially when you’re first starting out.

#2: My Life Insurance Website

In addition to my financial practice and this website, I’ve cultivated other income streams over the years. One example is where, until recently, I earned a side income while helping people choose the right insurance for their needs.

A lot of people don’t even know about my life insurance business, but it’s a huge part of my success. Like my other big projects, however, I started it to help people. Over the years, I’ve seen so many people who are uninsured or underinsured. For whatever reason, they don’t understand the importance of life insurance. Worse, they don’t understand how affordable it is for the average family.

A lot of people also dramatically underestimate their needs. They think a $250,000 term policy is enough to cover their family. Heck, some people think $50,000 is enough when really, they should have a whole lot more because they have a high income or a lot of debt.

Unfortunately, it can be financially devastating when a spouse – and especially a primary breadwinner – loses their life while their family is still young. was created to help people realize just how much coverage they need, then to steer them toward companies that offer quality life insurance policies for a price they can afford.

#3: Investing

When it comes to earning extra income, let’s not forget about the most obvious income stream I have – investing. While everyone who invests for extra income does it differently, most people rely on mutual funds, ETFs, or dividend investing.

As for me, I love investing in lending marketplaces like Lending Club and Prosper. Each of these provides side income in the form of dividends, interest, and even capital gains paid out at the end of the year.

While investing for side income can work out well, most of my personal investments are tied up in our retirement accounts.

For starters, I have a 401(k) through my business. I also have a Roth IRA, although I can’t add to it anymore due to income requirements. I also have taxable investment accounts, but I would much rather invest via our retirement accounts to avoid paying extra income taxes whenever possible.

#4: Media Deals

My sixth income stream is one I just added two years ago – scoring awesome media deals. This is something I never really imagined happening years ago, but works out rather well today.

And really, media deals are a great fit. I already love doing YouTube videos and interviews and putting myself out there. With media deals, I can use my video skills and personality to represent big financial brands and help them market their products.

As long as it’s something I believe in and support, it’s a win-win. Companies I’ve been approached by in the last two years include John Hancock, Credit Karma, Discover, Capital One, MasterCard, and GM, just to name a few. It’s been so fun helping these awesome companies create their own marketing plans, whether through video or other online media.

Last year was my best year ever in terms of media deals, but it looks like I have a few locked up for 2017 already. Considering one of them might pay me more than I earned last year, I’m stoked!

But the important thing to remember here is that it all started with this blog. I didn’t really know what I was doing when I started, but I kept plugging away.

Over time, all the YouTube videos I made taught me how to present myself better on screen. I didn’t know how it would pay off at the time, but I’m so glad I followed my instincts and kept going anyway.

#5: Creating a Course

Last year, I also launched an online course for financial advisors – The Online Advisor Growth Formula. Last year alone, this resource brought in more than $100,000 in revenue. I’m especially proud of this accomplishment because it took me a few years to build up the courage to get started.

Fortunately, a good friend helped me hone in on the idea for my course a few years ago. I wasn’t sure what I should create a course on, but he reminded me that a ton of financial advisors struggle to market themselves online. Right away, I knew it was true.

Why? Because so many financial advisors have talked to me over the years and many have asked if they could pay me for consulting. Why not create a course they could buy instead?

So, that’s exactly what I did. I created video tutorials showing advisors how to market their businesses online, then formatted them into a single course financial advisors could purchase. And guess what; it worked!

The bottom line is, it’s smart to have multiple income streams no matter who you are. Why? Because the more ways you can earn money without compromising your integrity, the better off you’ll be. And if you’re self-employed, having multiple income streams is almost essential. Not only will you enjoy a higher income, but you won’t go broke if one stream ends out of the blue.

If you want to create your own course, you can setup a free account at I’ve used them to create all of my courses and love them!

Passive income is not

  • Your job. Generally, passive income is not income that comes from something you’ve been materially involved in such as the wages you earn from a job.
  • A second job. Getting a second job isn’t going to qualify as a passive income stream because you’ll still need to show up and do the work to get paid. Passive income is about creating a consistent stream of income without you having to do a lot of work to get it.
  • Non-income producing assets. Investing can be a great way to generate passive income, but only if the assets you own pay dividends or interest. Non-dividend paying stocks or assets like cryptocurrencies may be exciting, but they won’t earn you passive income.

Ways to Make Extra Money in College

If you’re in college, don’t overlook the money-making opportunities available to you right on campus.

187. Work as a camp counselor

Working as a camp counselor may just be the most fun and rewarding way to make extra money as a college student. If you want it to have some relevance to your degree, look for camps within your field of study, like STEM camps if you’re an engineering major, health if your degree is in nutrition and exercise science, or camps for children with learning disabilities if you want to work in special education.

188. Become a resident advisor

Resident advisors, or RAs, live in dorms and act as a resource for other students. RAs typically get discounted or free room and board as well as a regular stipend. One tradeoff is that you have to live on campus. However, you’ll also meet lots of people, get to plan activities for your residents, and serve as a role model for younger students. That, in addition to having your own room, could make it a worthwhile college gig.

189. Work as a teacher’s assistant

Teachers’ assistants, or TAs, help professors with grading papers, projects, and tests. You may also work directly with students or even teach your own class. Requirements vary depending on your school and department. You can find the criteria for TA jobs at your university’s website.

190. Get a job at a dining hall

Working in a dining hall isn’t glamorous, but it’s an easy way to make extra money in college. At my university, there were almost always dining hall jobs open. You may come home smelling like Chinese food or mac and cheese, but it’s a job that you don’t have to think about after you clock out.


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