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 three great ways to make side income while still working your day job:
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 Long 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. So what are you good at? What will other people pay you for?
Start a blog
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 content
- Work hard at getting that content out there to the world
- Build 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.
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.
- 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.