What are the best ways to earn a second income? Experts in the employment field say that four of the most efficient methods for scoring extra money all happen to be online ventures. They include established at-home endeavors like freelance writing and reselling retail items. New to the top four are three other ways that hard-working adults bring home second paychecks, including forex trading and working as a virtual assistant. Here’s a quick overview of each of the top four ways people all over the world are supplementing their income.
Reselling Goods Online
Amazon and eBay are just two of the many places where you can turn your unused items into cash. Whether your offerings include used CDs, vinyl records, coins, art, clothes, used tools, old purses or anything else, there’s someone out there who wants to buy it. Out there means any city, town or village on the entire planet. If a world citizen has an Internet connection, they can purchase your wares. You don’t even have to be a reseller, technically speaking. Many people log hours per week selling new items they purchase from wholesalers, like jewelry, appliances, collectible knives and more. It’s anyone’s market, and practically anyone with enough stuff to sell or resell can make a decent side-income as an online retailer.
Earning a profit on the ups and downs of the foreign-exchange market is a popular, realistic and lucrative way for people who are good with numbers and trading to bring in spare cash. Millions of adults who enjoy keeping their eyes and ears on international market news have even turned forex trading into a full-time job. What do you need to get started? A minimal amount of capital, high-speed Internet and a good understanding of how to trade pairs of foreign currency should be enough to get going. Experts say the key to success is twofold. First, start out slowly as you learn the trade and second, be sure to do all your trading on a simulator (without actual money) for at least 30 days before using real, hard-earned funds.
Becoming a Virtual Assistant
If you like doing odd jobs for people, you’ll likely never meet face to face, being a virtual assistant can be an interesting, profitable gig. You are the master of your schedule and the tasks you wish to hire out. Many folks turn this side job into a full-time job but the decision is yours. Most VAs, as they’re called, do a wide range of tasks for over-worked professionals, like research, writing, investigations, blog posting and similar online work.
The oldest of the online side-jobs, freelancing has become an industry all its own. It’s estimated that about 80 percent of every word you see or read on a computer screen was written by a freelancer. Sign up with some of the big agencies to see if this kind of work is for you. The pay is decent and the hours are whatever you want them to be.
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