Non- standard ways to make money on the Internet
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Brian's investing strategy is to buy high-quality companies and then let compounding work its magic. See all of his articles here. Are you hunting for a way to bring in more income?
Today's modern economy provides plenty of ways to do so even if you don't have a lot of time or experience.
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If you're willing to think outside the box and put in a little extra effort, you could easily build up a nice side income for yourself in no time. To help you get the ball rolling we reached out to our team of contributors and asked them to share a nontraditional idea that they think is a great way to generate a little extra income.
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Read below to see if any of their suggestions sound appealing. Dan Caplinger One way you can earn some extra income is by offering travelers a place to stay in your home. By using services like Airbnb, you can become a host, list your home, and set rules for how and when people can book a visit. Typically, you'll have a lot of flexibility in what you offer. Some hosts only give visitors the bare essentials for a stay, while others turn their residences into informal bed and breakfasts, offering meals and extra amenities.
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For the most part, you can set whatever price you want for a stay, and many services simply take a percentage of your revenue in exchange for the use of their booking platform.
Keep in mind, though, that there are some potential legal pitfalls involved in taking money in exchange for a place to stay.
As Airbnb itself points out, some cities have laws restricting your ability to host paying guests for short periods, and others require permits or licenses before listing your home. In some cases, you'll need to collect hotel tax or similar local taxes and pay them to the appropriate authority.
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Not complying with regulations can result in fines or other enforcement actions. Overall, many find hosting services like Airbnb to be useful in squeezing income out of their homes.
Just be sure to watch out for unexpected traps for the unwary. Matt Frankel Driving for Uber or Lyft can be a lucrative side gig.
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However, exactly how much you can make depends on a few variables, such as your location, the hours you're willing to work, and how economical your car is. As far as location goes, there's obviously more money to be made in a high-density urban area. Uber drivers can work full-time or part-time, non- standard ways to make money on the Internet drivers can tailor their schedule to work more during peak hours, when Uber charges "surge" pricing to riders. Finally, keep in mind that Uber drivers don't get to keep all of the money they make.
They have to pay for gas, insurance, and vehicle maintenance out of their own pockets, and this is where it becomes important to have an economical car.
Drivers also have to pay taxes including self-employment tax on their income, but there are some pretty good tax breaks available to drivers. The bottom line is that with some smart planning, you can earn a pretty nice stream of income driving for Uber or a similar service.
Brian Feroldi If you're an animal lover at heart, then there are a huge number of ways you can use your passion to earn a few extra bucks. You can care for pets while their owner is away, set up a dog walking service for anyone who is too busy to do so, or even offer to bathe the animals.
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If you think there isn't a market for these types of services, I'd suggest you take a closer look at the pet industry, as studies show that many Americans are absolutely fanatical about their pets. Taking care of these pets is big business, too: U.
That's a massive market opportunity for anyone who is willing to hustle and get their hands dirty. If you're interested in diving into the business, I'd suggest creating a couple of professional-looking flyers that list your services and prices and then distribute them in upscale neighborhoods and at veterinary offices.
If you prove yourself to be reliable, then you'll bring in extra money in no time. Selena Maranjian One under-appreciated way to make some extra money is by making strategic use of credit cards.
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Many offer cash back, for example, and a few such cards are quite generous. There are a non- standard ways to make money on the Internet restrictions, of course, but you can still collect a lot of dollars.
If you learn more and approach the task strategically, you can get a lot of value when signing up for certain cards that are advertising special promotions. Oh, and if you pay off high-interest rate credit card debt, that's a lot like putting more money in your pocket, as you will avoid paying more interest on the debt.
Here's a fun way to earn money that I never dared dream of as a child: Playing video games with your spouse. I'm not joking.