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5 Easy Ways To Make Some Extra Cash

By Mark Riddix

holding moneyAre you looking for ways to earn some extra cash? Wouldn’t some extra income help during these tough economic times? Here are 5 easy ways to earn extra cash without quitting your full-time job.

1. Start a business.

One of the most rewarding, but toughest ways to earn some extra cash is by becoming an entrepreneur. You can start your own business right from the comforts of your home for little to no cash. You could create websites for businesses that would like to advertise on the internet or maybe design logos for companies that need them. You could start an errands-for-hire business by running errands for busy working people and the elderly. There are numerous tasks from grocery shopping to picking up prescriptions that people would pay for to make their lives easier. Just look around and wherever you see a need you can create a business to fill it!

2. Sell your used and unused items.

A great way to make extra cash is by selling your items online.  Sell your unused and used collectibles. You will get more money for unused items, but you can sell used items online as well. Do you have old video games, DVDs, toys or books? All of these items are sold online daily. Do you make your own bracelets, t-shirts or key chains? You can sell just about anything online, including handmade items. The most popular sites to sell items online are Ebay, Craigslist, Etsy, and Amazon. Other lesser known sites are Half.com and iOffer.

3. Become a freelance writer or independent contractor.

Do you have a passion and a talent for writing? If so, then become a freelance writer. There are many ways to get paid for your writing skills.  Share your how-to tips on eHow.com. Are you passionate about any particular topic or interest? Start your own blog. As you build a following, companies will pay you to advertise on your blog. Do you just want to work on specific projects? Become an independent contractor and write articles for eLance.com. Write an e-book and market it to website owners. For help getting started, read Erik’s 25 Online Resources For Freelancers and Small Businesses.

4. Have a garage sale.

Sell all of your leftover items at a garage sale. A garage sale is the perfect place to sell all of those items that you couldn’t unload online. Old furniture, clothes, tools, lawn equipment, and televisions can all be sold at a garage sale. Just hang up a sign and start selling! Not only will a garage sale remove the clutter in your house, it will add a few bucks to your wallet.

5. Pick up a part-time job.

A part-time job provides reliable income. Do you have an interest in real estate? Become a home inspector. Insurance companies hire contractors to perform home inspections. All you need to get started is a digital camera and reliable transportation. Do you have a car and a good driving record? You can deliver pizzas. Are you good with animals? Become a pet sitter. Even though full-time jobs are scarce, part-time jobs are readily available.

While none of these tasks are going to make you rich overnight, they are great ways to make some extra cash.

Do you know of any easy ways to generate additional income? What are your favorites?  What have you succeeded with and what have you failed at?

(photo credit: sunshinecity)

Mark Riddix
Mark Riddix is the founder and president of an independent investment advisory firm that provides personalized investing and asset management consulting. Mark has written financial columns for Baltimore and Washington, D.C. area newspapers and is the author of the book, Your Financial Playbook.

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  • http://www.yourfinances101.com/blog David/Yourfinances101

    I think the best idea on the list (but probably the one that seems most intimidating) is to start your own business.

    A business can be started for virtually nothing! Combine this idea with the “sell your used stuff” one.

    Open an account on Amazon or Ebay, there are virutally no set-up fees.

    And it doesn’t take a ton of computer knowledge either.

    I did this recently and it has deveoped into a pretty decent-sized alternate income for me.

    • Zach @College for 10k

      I agree with you on this one!

      Amazon is a great source of income for me as well.

      I also do a bunch of paid-email programs. Although they don’t give me much, I do make a bit here and there.

      Check out my website for more info :)

      • Mark Riddix

        Amazon is one of the best sites out there!

  • http://lifetuner.org Keith Morris

    Agreed on the business! Laura from Green Panda Treehouse wrote a guest blog for LifeTuner about building a side income to pay off debt. Worth a read: http://www.lifetuner.org/blog/201-guest_post_build_a_side_income_to_pay_off_debt_faster?sort=recent

  • http://www.greenandchic.com/blog Carla | Green and Chic

    I think starting a business (especially home-based) is best too. Anything you can do from home, writing, virtual assistant, selling items, occasional child care, etc is ideal. If I’m already working full-time, the last thing I want to do is spend additional time away from home and I don’t even have a family!

    • Mark Riddix

      Good entrepreneurial ideas!

    • nosiphiwo

      do you have the shop in Cape Town so that i can go and buy the product.
      gal i need a extra cash to pay my bills so that i can move out at home have my own home that i live with my sun.

      a person can buy and sell the product from you guys i think this is the kid of business i can do.

      regards
      nosiphiwo

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  • Winston C

    I am sorry for a little bit technical here, but starting a business is not an easy way to make money. It requires a lot of efforts and dedication. Obviously, the rewards are tremendous. The one that I use the most is selling old stuff to make a little spending cash. And thanks for sharing your insights.

  • http://www.jaysonlinereviews.com/ Jayorban

    You can also add to the list being an affiliate marketer. Which is selling other peoples stuff online in exchange for a commission. Low start up cost, and the potential to be very lucrative.

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