It’s time to take control an focus on income.
Most Kiwis do not believe that they have much control over what they earn, and because of this belief they end up relying on working for a wage or salary. Some that the plunge and become self-employed, but often they too are reliant on going to work each day to earn enough to live.
There never seems to be enough income to enable you to make any significant investments, so you end up stuck on the treadmill for year upon year.
Maybe you need to make an effort to focus on income and ensure that your income is not at risk.
You need to change things today!
Taking Control Of Your Income
What do we mean by taking control?
In life we are often controlled by others.
If we are employed then we are reliant on the people that are paying our wages and salaries, and if we are self employed we are reliant on the economy and the customers to ensure that we get paid.
If you are saving to buy your first home or trying to pay your mortgage off then you will know how important a few extra dollars can be.
There are things that we can do to take control of how we get paid.
Diversify Your Income
“don’t put all your eggs in one basket”
The origin of the phrase is unclear, but it is most commonly attributed to the book Don Quixote written by Miguel Cervantes in the early 1600s.
Everyone would have heard that saying, but how many of us really take much notice of the message?
The meaning of this old idiom is noted as;
- don’t make everything dependent on one thing – like your one source of income
- don’t put all your resources into one thing – one job, or one business
- don’t depend for your success on a single plan – or boss, or business venture
- don’t concentrate all efforts into one area – what if that doesn’t work out the way you expect?
Some people might not think that this old idiom relates to income at all, but you can relate this directly to the risk of having one source of income.
There are many things that you can do to diversify your income, and they are easier than you might think but of course they do take some effort and a real focus on income is needed to ensure that you really do remove the risk.
You can create some extra income today and even build up a passive income to help out during times when your main income might be at risk.
Of course getting started early will mean that there is no panic if your current job ceases, but most people will procrastinate and will only take action when they are forced to. Don’t be one of those people.
We know that each person is an individual and what might suits one person may not suits someone else, but you owe it to yourself and your family to try and diversify your income. It not only helps protect you financially, but also may really help you financially to reach your financial goals and pay off your mortgage faster in good times too.
Some Ideas To Make Money & Diversify Your Income
Here we have listed some of ways that people are using to make money and therefore reduce the reliance on the main income.
These ideas will all work if you make the effort, but like all ideas they will work better for those people that are dedicated and make a real effort. You need to think about what you really like to do and see value in rather than trying to get rich quick.
For most people they start by thinking about making $100 or $200 extra per week with a small amount of work, and maybe over time this will increase.
Too often we see money making ideas that are pitched with income statistics that are unrealistic for most people, especially when you are trying to do something with just a few hours a week. We have purposely made no promises here, but we do know that all of these ideas do work.
here is a list of ideas That focus on income;
Selling on Trade Me
Most of us have purchased items on Trade me and we have probably sold items too. It’s our main online trading platform for used goods, and many businesses also sell new items on Trade Me. To most of us selling on Trade Me has been about getting rid of items that we no longer use, but there are a lot of people that do make a good extra income by selling online.
The key problem for many people is being able to select and finance the purchase of goods to sell online, but there are options to use a method called drop shipping whereby you sell and get paid for the products before you actually buy the products. You can therefore start selling on Trade Me without needing to buy anything first.
Snipesoft is a New Zealand company that has created Easylister which is an easy-to-use system that will let users manage auctions on Trade Me and for sellers, or small businesses EasyWholesale is a platform where you can buy products at wholesale prices and then have the products shipped directly to your customers. This is a good way to get started without paying for product and risking it not selling. CLICK HERE
This is called drop shipping … when you sell and get paid for a product before you even buy it.
Selling Using The Advantage Of Drop Shipping
If you like selling real products on marketplaces like Trade Me, but want to scale this into something more than just earning a few dollars a month then you probably need to consider using drop shipping.
What’s the advantage of dropshipping?
- You don’t need to invest a lot of money: Dropshipping makes it amazingly easy to get started selling products online. You don’t need to invest heavily in products / inventory to sell, yet you can still offer thousands of items to your customers.
- Lower risk: Many retailers including those that sell online need to buy in the products that they plan to sell, and even with the best research and planning you can get stuck with products that just don’t sell, or you get undercut on price by someone else selling the same or a similar product. Check our the wholesalers that people will often access product from and see what those products are selling for locally and sometimes it’s hard to see how you can make money unless you can buy in volume which most of us can’t.
- Convenience and efficiency: Successfully launching and growing an eCommerce business takes a lot of work, especially if you have limited resources. Not having to worry about fulfillment is incredibly convenient and frees up your time to concentrate on your marketing plan, customer service, and operations.
- Mobility: There are systems available that have automated the physical fulfillment / product delivery. The wholesaler will deliver directly to your customer so everything can be handled within the management system meaning you’re free to operate your business anywhere you can get an internet connection.
If you plan to just use Trade Me then you can rely on EasyWholesale as a source of products and you can make some money operating a New Zealand drop shipping business. This is a really good way to start as most Kiwis understand how Trade Me operates.
When you are ready to take things a bit more seriously you can start dropshipping within the larger global markets and this is where having access to a better and more comprehensive system really helps you scale the business. You can go from selling a few products a week to selling a few products a day and it’s easy to start making a real income from your time spent online.
Dropshiply is the latest system to be launched for dropshipping and it offers a comprehensive system that manages the whole process for you. The expectation was this would be very expensive; however if you use the Coupon here it’s surprising low cost … we would actually say cheap.
Get your Coupon in the link below and learn how Dropshiply works … it’s an online business in a box.
Affiliate Marketing
When you visit websites and on social media you will often see advertisements with products promoted or people making recommendations. Many of these products are very good and you may have purchased some yourself after seeing them being promoted.
Often instead of the company spending huge amounts on paid advertising, they instead let people like you and me make the recommendations or even pay to advertise their products. The company then will pay you per sale made.
Affiliate marketing can be a good way to earn some extra money promoting products that you believe in, particularly if you have a large following on social media.
It’s something that you can add-on to an existing website, but it’s quite hard to make much money from unless you have a niche that you are popular in already.
Eco-Friendly Products
Most people will switch to eco-friendly products if they could easily buy them without spending a lot more than they currently do buying the not so environmentally products from the supermarkets.
You could be the person that introduces people to a range of eco-friendly products which they can purchase online. You then get paid paid for each purchase that those people make for as long as they continue to use those products.
There are plenty of companies that sell products online and share the profits with people whom introduce buyers, but Melaleuca is a little different to many. Firstly they have very good eco-friendly products which is the most important thing if you are going to recommend them, but they are also well priced and Melaleuca has a very good online store and ordering system which ensures that people do continue to buy every month which means you continue to earn every month too.
Take a look at the online store and see what products you could switch to use. CLICK HERE
There are people that make a good extra income from Melaleuca or have even replaced their main income from helping people switch to using the products or helping others make money from promoting Melaleuca too.
Flyer Delivery
There are plenty of businesses that use flyers to market their products.
You will see them in your letterbox every week and often they are delivered by companies that are set up to delivery bulk flyers with a number of delivery people that will stuff the letterboxes each week or multiple times a week. These companies are often looking for extra people to do the deliveries, but there are also some smaller local businesses that would prefer to pay a local person to deliver for them.
You could produce your own flyer and then go and visit local businesses to let them know that you are available. Being pro-active could produce more work than you can handle. My daughter did this and now regularly delivers flyers for real estate agents and fast food places but also gets requests from others like hairdressers, florists, and mortgage brokers on a more ad-hoc basis.
Focus on the smaller local businesses rather than the nationwide chains. You could easily earn an extra $50 a week (or more) and get some good exercise doing flyer deliveries and that extra money can be very useful when saving for a home or trying to pay a home loan.
More Ideas
We will add more ideas too.
There are plenty of ways to diversify your income and the key is to do something today.
You need to make an effort to look after yourself and your family and one easy thing to start with is a focus on income.