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LEARNING CORNER

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4 Simple Ideas That Can Make Big Money

For those with an entrepreneurial spirit, there is nothing more satisfying than taking an idea from a concept and developing it into a fully-fledged business. However, when most people think of a business, they think of something that takes up the majority of their lives. In fact, there are plenty of great ways that you can make a reasonable amount of money without ever having to start a business.

The following ideas are all simple things that just about anyone can do to make some potentially serious cash. Use these ideas as inspiration for a new main income stream, or as a means of supplementing your main earnings with ease.

Drive for Uber or Lyft

Ride-hailing apps have exploded in popularity over the last few years. Some people think they are indicative of a dystopian gig economy, but many people are now earning a decent wage by driving for Uber or Lyft. Some people do this in their spare time or on their days off from their main jobs. Other people have modified their cars specifically to make them more Uber-friendly.

You will need to have a clean driving record and a valid license, of course. You will also need to get your vehicle certified as roadworthy and make sure that you have all the appropriate permissions to work wherever you live. Note that you can’t (legally) use Uber or Lyft to earn money when you are traveling unless you have permission to work in places you are traveling through.

Participate in Market Research

Participating in market research is a tried and tested means of earning money, one that has been around for a long time now. Of course, the advent of the internet has radically changed the way that marketers approach their research. It’s now relatively easy to seek out the opinions of thousands of people at a time using the internet.

There are a variety of online services you can sign up for who will match you up with surveys and other market research. However, these online services will pay you pennies at a time. This is a fine way of earning yourself some extra spending money, but it will never be able to earn you a decent income. For that, you need to take your skills offline.

Look for companies who are asking for consumer opinions on their products and services. They will pay you for your time, which can be a few hours or a whole day, and will put you in the room with a product. These sessions are often run as focus groups, but this isn’t always the case. If you can find the right work, you can earn very good money doing this.

Start a Blog

Blogging isn’t quite the goldmine it once was. It’s not that there isn’t lots of money to be made, there absolutely is. However, there are now exponentially more people competing for success in the blogging sphere, making it harder to produce a blog that can truly break through the noise. That said, if you are confident in your abilities and you have a solid blog idea, it’s a great way of earning money.

If you’re a talented salesman, you could start posting products reviews. If your blog becomes popular, businesses will offer you free products to review on your blog.

If you are selling advertising space on your blog, rather than being paid per click, then anything you can do to generate organic (real) traffic will count. Whether this means sharing digital coupon codes with your readers or simply keeping them updated on your exciting lifestyle, whatever leads to a popular blog can turn into some serious money for you.

Sell and Resell Tech

Sites like eBay and Craigslist are a goldmine of cheap electronics, some of them much cheaper than they should be. If you have a small amount of money to invest in a business venture, start looking for auction site bargains that you can sell on at a profit. This sounds easy but is anything but. You need to know where to look to find suitable products and you need to have a good grasp of the value of tech.

Remember, it isn’t just the latest and greatest tech that fetches a high price. Some of the most valuable tech equipment you will ever find is old. In some cases, tech isn’t valued for its capabilities but for its history. If you are knowledgeable in this area, you can use that knowledge to your advantage.

With the advent of the internet and the smartphone, it’s now possible to make money anytime anywhere; all you need is the right idea. The above ideas are great starting points, but there are many other ways you can earn big with a simple idea. Use these ideas as inspiration for your own unique venture.

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