In these difficult times, not only the adults are finding ways to earn money. Even students searches for a way to earn money besides being an employee, for them to save and meet the budget. But are there other ways to boost their income? How can you turn a bad year around? Can you start now to get ahead for the year? Here's some scoop I got around looking from different entrepreneurs.
Strategy No. 1: Bring your Products Beyond your Reach
If perchance you have a product that you are selling around the area is transportable, why not try bringing out your products from beyond your reach? It is a good idea to build an image not just inside but outside of your circle. With different social media sites, money transfer company and some courier company to boot, you can earn extra from it.
This kind of strategy is risky and a bit costly, but when managed effectively then efficiently, you can have big money in no time. In doing this kind of strategy, it is better to make a good image on your profile before the product because, people will question your credibility in delivering the said product. With the right strategy you can enjoy shopping while working out your product sales.
Strategy No. 2: Invest Invest Invest!
Try to find opportunities to earn with the least risk. One of a good investment is in real-estate on which you can make rents an extra monthly income. But before buying, you should check out the area of the location so that you can have a better way of knowing on how you will make money. After all, rental property is one of the best asset that is income producing.
Another good way on investing is shopping for your life insurance even when you are young and healthy. This is one of the best way to make money when you will retire or many other causes.
The Last one I find effective today is investing and joining a networking company. Yes, it is very risky but what you risk reveals what you value. Good for students and adults alike to earn money not only from product sales but also from the people they are helping out. But with so many networking scams out there, the image of a legit and honest company are also tainted. I personally would recommend this to the youth as the only requirement for you to earn in this kind of venture is determination, perseverance, and hard working. After all, I am earning from this kind of venture that will help me to fill out my wallet and stop asking money from my parents.
Strategy No. 3:Use your Mistakes to Improve
Experience is one of the best teachers in our life. In any situation you will face, base it on the past - how you handled the problem and how you resolved it. If any case you have no experience on dealing with it, ask for advice, particularly from those whose wisdom in business cannot be doubted.
Learn from other's experience. Learn from the mistakes of other's endeavor. And as your business grows, learn from them as well. This kind of experiences will lead you to develop better strategies.
Strategy No. 4: Ask Yourself: "Is your Heart in it?"
Choose something that you will love to do so that it will not seem like work. Do not force yourself doing something you really don't want. Time flies when you are having fun, but do not be complacent. Always innovate and improve so you will never get bored. There will always be a room for change. Also, treat the people around you well. They are the heart of your income and never ever neglect your self.
Strategy No. 5: Multitasking
Who said you can't do two or more things at the same time? There are people who are doing this. They are on a job, they sell their cooking or bakes on the office, they are also engage on writing jobs, and are also associated in direct-selling from a networking company. Seems time consuming isn't it? But the truth is, that person has a lot more time in his hand. Of course, Time Management is essential, but most of his sidelines are just part-time jobs and are easy to do. He don't have to force his clients to buy, and it doesn't eat up much of his time.
Multitasking helps you to know different things, do different work, and perform various functions. A multitasking personality always help. It's good when you are able to balance your work and your hobby, which involve good time management. If one aspect suffers because of the other, then drop the one that affects you.
Strategy No. 6: Maximize you Skills and Talents
One strategy that will help you grow is you should employ yourself, aside from your money-making business, do not rest or bank on it for your steady income. Do a marketing research and consultancy to know what kind of marketing approach is more effective and the latest trend and ideas in your business field. Know your talent and skill and render some service to other people that will prove help for them so that they can pay for your work.
Strategy No. 7: Keep your Network Open
Be observant and be always on the possible opportunities. Go around trade shows, collecting cards, and keep a directory. Supply your phone book with supplies of your possible prospects from supplies to buyers. In example, you have a product, supply it to stores and leave the retailing headaches to them. Develop a suppliers' network. Remember the people you meet and what they do; you'll never know what they can do to you or what you can do for them in the future.