Phenom Income: 5 Versatile Ways to Make Money in 2017
Monday, February 6, 2017, 6:00 PM | Leave Comment
If you’re looking to make more money, then you may be searching for a new job.
However, you don’t have to switch careers in order to increase your bank balance.
A better option is to find a way that you can go into business for yourself.
When you take control over your financial future and focus on building wealth, you can make some amazing changes in your life now and in the future.
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Flipping Houses
The real estate market is heating up again, and houses are selling fast.
However, people still want to buy homes that are move-in ready. This means that you have an opportunity to make money by buying fixer uppers, transforming them, and then getting the properties back on the market.
As you work on the repairs and upgrades, be sure to focus on changes that will help the property sell quickly.
Flipping houses is not for the faint of heart. It requires a solid time investment and a good deal of working capital to get off the ground, but it can pay off handsomely in the end.
Find a good agent you trust to help you find the right deals and list the houses when they’re ready.
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Blogging
Blogs are the 21st century version of magazines. They offer niche information to a group of consumers, and they use that interest in their specialty to start generating a meaningful income.
It’s done by selling ad space, ebooks, affiliate spots for other companies, their own products, or even selling a successful blog itself.
The appeal of blogging is that the big initially expense is mainly your time. There are minimal fees associated with actually starting a blog. However, it can also take years to start seeing results from your hard work.
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MultiLevel Marketing
Companies like ACN move their product by skipping the brick-and-mortar stores and working directly with consumers.
You would sell their phones and systems to people in your area for an attractive commission.
The real money comes when you find other like-minded people who are willing to go out and sell.
You would then mentor and guide these people to help them become more successful, and you’d be rewarded with a smaller commission on their sales.
Other well-known MLM companies include Pampered Chef, Avon, and Tastefully Simple.
People are drawn to multilevel marketing because it offers the best of both worlds.
The initial investments are typically quite reasonable, and you can start to expect making money quickly once you start networking and getting your name out there.
As with anything else, however, it can take several years for you to really start seeing results.
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Advertising for Others
If you’re in a metro area and do a lot of driving, then you might be able to put your car to work.
Companies sometimes pay people to have their cars wrapped with their logo and branding.
You’ll have to meet certain criteria regarding driving habits, miles driven, and insurance levels, but it can produce a nice little additional income for those who qualify.
If you look around online, you can also find opportunities to get paid for taking surveys or working as a secret shopper.
While these won’t make you rich, they can help you keep the bills paid.
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Hit the Stocks
The stock market continues to be a great place for making some extra money. You can start with penny stocks and work your way up.
You may want to work with a broker to help you with decision making and finding the right deals, but there are also several websites now that will assist you with the entire process for less.
You’ll control how much you risk, but you’ll risk 100 percent of what you invest.
There are several ways to make extra money and take control of your finances. The best options are the ones that will provide you with residual income so that you won’t have to work as hard down the road. Keep this in mind and you’ll be on your way to a profitable year!
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Dixie Somers is a freelance writer and blogger for business, home, and family niches. Dixie lives in Phoenix, Arizona, and is the proud mother of three beautiful girls and wife to a wonderful husband. Dixie recommends looking into MLM companies like ACN to learn more.
