5 Fastest Ways To Make Extra Money from What You Already Know How to Do
Written by
Sean Bryant
Edited by
Amen Oyiboke
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Making extra money isn’t difficult. It’s a lot easier than you might think. You can earn more money by leveraging what you already know and turning it into a business venture. You’d be surprised by the amount of people willing to pay for your expertise or skills.Â
Not convinced or unsure how to go about doing this? Let’s look at some of the fastest ways you can earn extra money from what you already know how to do.
Tutoring
If you’re an expert in your field or know how to do something well, you can quickly earn extra money by tutoring. Popular tutoring subjects include STEM subjects, college prep courses and computer science. You can use third-party websites to list your tutoring availability and start lining up clients with barely any start-up costs besides a laptop. Over time, you can raise your rates and build up your client list to really pull in extra money.
Online Classes
Like tutoring, teaching an online class is a fast way to earn extra money by sharing what you know with others. You can do this through an online school provider or by creating your online course and selling it to others. Setting up an online course will take more time and effort than tutoring since you’ll need to create lesson plans and record yourself teaching. Once it’s all setup, though, it can be a great source of passive income.
Selling Products
Are you artistically inclined and make art for fun? People may be willing to buy the things you create as a hobby. You can list your products for sale through an online marketplace like Etsy. The marketplace makes it easy by facilitating transactions and assisting in advertising. Once your shop is up and running, you only need to worry about creating and shipping the products to paying customers.
Sell Your Skills
Selling physical products isn’t the only fast way to make money from a hobby. You can also profit by selling the skills you have. Maybe you’re good at photography or are a talented singer. You can easily make money by taking others’ pictures or earn tips from booking singing gigs at your local bar or restaurant.
Monetize Your Blog or Social Media
Writing a blog about what you know or talking about it on social media platforms can help you earn money with minimal effort. Some blog websites like Substack allow subscribers to pay for the content you publish, so if you can write compelling posts about things you are confident about, people may be willing to pay to read about it. Likewise, if you can confidently talk about what you are passionate about and build a loyal subscribership, platforms like YouTube will share the advertising revenue they make from your videos, or you can charge for channel memberships.
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