Extra Income, Financial Wellness and How to Achieve it
As we have discussed in previous articles, The Financial Wellness Axiom is the sum of two components, the first being a mindset for savings.
An attitude of reducing the outgo for every budget item in your household.
And the second is earning an extra income for your family.
The two factors, combined are capable of bringing a dramatic change to your finances.
Properly implemented, an increase of $600-$800 a month, can be realized with minimal effort.
If we take a closer look, this increase in income is derived from: 1) across the board savings in monthly expenses (with a little practice $200-$300 can be accomplished without extreme sacrifice), 2) combining an added income source (a part time job or preferably, monetizing a hobby or a passion) will have you working with more dollars in your checking account.
For those with the guts to exercise their self-reliant muscles, the next few years could bring a sea-change in the way many Americans will provide for their families in the future.
With the depressed job market and soaring unemployment, self-reliance is poised to make a return, not seen since the start of the Industrial Revolution.
I predict we'll be witness to entrepreneurs, in numbers like never before, start small business enterprises to begin restoring lost income.
And that gets us to the main topic of the article, "Businesses You Can Start for Around $500!" Some of you are probably saying, "What REAL business can I start for $500?" There's ten opportunities here and I'll be bringing you more in the weeks ahead.
When people hear of someone starting a new business, they envision high start-up cost, which is true for many new businesses.
But there are MANY that don't, and these will be the focus of our attention.
To keep initial cost affordable, a new business should be run out of the home.
Also, you're more apt to put more time into the critical start-up period, if you're running it from your residence.
The types of opportunities are varied, in fact, the only commonality is the low start-up cost.
You may be asking yourself this question: "What type of business would I want to jump in to?" But before deciding, you would be smart to examine a few important factors that will help with your decision: 1) community needs 2) your skills and talents developed over the years 3) identify your hobbies 4) take inventory of possible resources you already possess 5) most importantly, it must be something you love doing.
The key, in many cases will be what it is, you enjoy doing, sharpening your knowledge so, with solid preparation, research and practice, you'll be set to begin monetizing (get paid for) your passion.
Some enjoy cooking and baking, others have a love for arts and crafts, or imported goods.
Still others would love running a small manufacturing business out of their garage, or their interest might be in the service industry.
This is only a partial list of the interest, industrious individuals can convert in to a marketable product.
Find what interest you, research and prepare.
You need to be realistic and not expect these endeavors to make you super wealthy.
But consistent improvements in both product knowledge and your growth as business owner, will provide a nice income.
And no one really knows how far or how much you can make in your business.
You very well could make loads of money! and that would be fabulous! Let's look at the first ten opportunities: 1.
) Computer Programming.
Most software packages are of a generic nature, and in nearly every instance, some customization is necessary.
The seller of the software has little interest in tuning the software to best suite the end-user, and the buyer has NO interest in spending the next 48-72 hours in tweaking an application they just purchased, the frustration factor would be off the charts.
Why not put yourself in the middle; learn the ins and outs of a particular application and get paid handsomely for your knowledge.
It's called providing a solution.
2.
) Easy Hauling.
Got a pickup truck? Start a light hauling business, removing trash, new and used appliances, small furniture, lumber, block, etc.
Advertise in local publications (penny saver, community newsletters, etc.
).
3.
) Teach Music.
Young children everywhere enjoy music and many want to learn how to play.
If you have a background in music, you can teach them how to read music, and how to play.
Youngsters want to learn to play instruments like the guitar, horn, piano, clarinet, etc.
Advertise for teaching a specific instrument or a variety, depending of course, on your background.
Get your name on community message boards, in schools, the Yellow Pages, local shopping publications, etc.
4.
) Grocery Delivery.
In many communities, where you find both spouses working away from the home, or where you find a high percentage of seniors, a home delivery service for groceries, could be quite lucrative.
If you made arrangements with a particular market to use them exclusively, you could probably get a substantial discount since you're giving them so much extra business.
Charge 10-15 percent for pickup and delivery.
Advertise heavily in shopping publications, penny savers, churches, community bulletin boards, etc.
5.
) Mobile Hairstylist.
If you like doing hair and they won't come to you, then go to them.
Seniors and other shut-ins, need cuts, shampoos, trims, etc.
Create a checklist of everything you use, place in a portable case, and go get customers.
Advertise in all local publications, churches, and the Yellow Pages.
6.
) Upholstery Repair.
Business who succeed are those filling a true and present need in their communities.
People need upholstery repair from time to time since it's far less expensive than replacement, and the owners have no interest in learning how it's done.
Since the number of skilled professionals has been dwindling for years, this could be a gold mine.
There are some excellent books on the subject of upholstery repair, that will prove invaluable in teaching the proper techniques, and the tools required.
Practice, practice, practice.
7.
) Sell and Deliver Firewood.
With the huge jump in the number of homes equipped with fireplaces, who will supply them with firewood for the winter months? You will! Even if you don't have a truck, just find someone who does and work out a percentage for each order.
Sell it by the cord, fraction of a cord, or make weekly deliveries at a special rate.
Working with a single supplier gives you additional purchasing power to increase your profit margins.
Advertise in all local publications, churches and penny savers.
8.
) Gift Baskets.
With the year 'round celebrating of birthdays, anniversaries, births, etc.
, many are doing very well in this industry.
Find suppliers for your wicker baskets, the goodies you stuff them with, such as food, wine, candy, etc.
, who sell in bulk for increased profit margins.
Advertise in local publications, Yellow Pages, churches, penny saver, etc.
9.
) Bake for Profit.
For every person that loves to bake, you'll find a thousand people who love to eat.
If you love baking, sell your delicious creations and make a very nice profit.
Attention to details, use of the best ingredients, and good ol' TLC will keep them coming back and will get more to take home.
Advertise, give free samples, and leave your number.
They'll call.
10.
) Web busters.
Have you seen those unsightly cob and spiders webs on the exteriors of buildings.
Yuk! It makes for a more welcoming site when someone gets up there with a broom and a towel and does a thorough clean up.
Advertising you work after hours, makes it more convenient for owners.
Advertise in business publications, Yellow Pages, community newsletters.
Find a problem, people need solving and supply the solution.
Learn how to promote your business, get your name, "out there" and your "solution", will generate a tidy supplemental income.
I'll be high-lighting ten more business opportunities you can start for around $500 next week.
An attitude of reducing the outgo for every budget item in your household.
And the second is earning an extra income for your family.
The two factors, combined are capable of bringing a dramatic change to your finances.
Properly implemented, an increase of $600-$800 a month, can be realized with minimal effort.
If we take a closer look, this increase in income is derived from: 1) across the board savings in monthly expenses (with a little practice $200-$300 can be accomplished without extreme sacrifice), 2) combining an added income source (a part time job or preferably, monetizing a hobby or a passion) will have you working with more dollars in your checking account.
For those with the guts to exercise their self-reliant muscles, the next few years could bring a sea-change in the way many Americans will provide for their families in the future.
With the depressed job market and soaring unemployment, self-reliance is poised to make a return, not seen since the start of the Industrial Revolution.
I predict we'll be witness to entrepreneurs, in numbers like never before, start small business enterprises to begin restoring lost income.
And that gets us to the main topic of the article, "Businesses You Can Start for Around $500!" Some of you are probably saying, "What REAL business can I start for $500?" There's ten opportunities here and I'll be bringing you more in the weeks ahead.
When people hear of someone starting a new business, they envision high start-up cost, which is true for many new businesses.
But there are MANY that don't, and these will be the focus of our attention.
To keep initial cost affordable, a new business should be run out of the home.
Also, you're more apt to put more time into the critical start-up period, if you're running it from your residence.
The types of opportunities are varied, in fact, the only commonality is the low start-up cost.
You may be asking yourself this question: "What type of business would I want to jump in to?" But before deciding, you would be smart to examine a few important factors that will help with your decision: 1) community needs 2) your skills and talents developed over the years 3) identify your hobbies 4) take inventory of possible resources you already possess 5) most importantly, it must be something you love doing.
The key, in many cases will be what it is, you enjoy doing, sharpening your knowledge so, with solid preparation, research and practice, you'll be set to begin monetizing (get paid for) your passion.
Some enjoy cooking and baking, others have a love for arts and crafts, or imported goods.
Still others would love running a small manufacturing business out of their garage, or their interest might be in the service industry.
This is only a partial list of the interest, industrious individuals can convert in to a marketable product.
Find what interest you, research and prepare.
You need to be realistic and not expect these endeavors to make you super wealthy.
But consistent improvements in both product knowledge and your growth as business owner, will provide a nice income.
And no one really knows how far or how much you can make in your business.
You very well could make loads of money! and that would be fabulous! Let's look at the first ten opportunities: 1.
) Computer Programming.
Most software packages are of a generic nature, and in nearly every instance, some customization is necessary.
The seller of the software has little interest in tuning the software to best suite the end-user, and the buyer has NO interest in spending the next 48-72 hours in tweaking an application they just purchased, the frustration factor would be off the charts.
Why not put yourself in the middle; learn the ins and outs of a particular application and get paid handsomely for your knowledge.
It's called providing a solution.
2.
) Easy Hauling.
Got a pickup truck? Start a light hauling business, removing trash, new and used appliances, small furniture, lumber, block, etc.
Advertise in local publications (penny saver, community newsletters, etc.
).
3.
) Teach Music.
Young children everywhere enjoy music and many want to learn how to play.
If you have a background in music, you can teach them how to read music, and how to play.
Youngsters want to learn to play instruments like the guitar, horn, piano, clarinet, etc.
Advertise for teaching a specific instrument or a variety, depending of course, on your background.
Get your name on community message boards, in schools, the Yellow Pages, local shopping publications, etc.
4.
) Grocery Delivery.
In many communities, where you find both spouses working away from the home, or where you find a high percentage of seniors, a home delivery service for groceries, could be quite lucrative.
If you made arrangements with a particular market to use them exclusively, you could probably get a substantial discount since you're giving them so much extra business.
Charge 10-15 percent for pickup and delivery.
Advertise heavily in shopping publications, penny savers, churches, community bulletin boards, etc.
5.
) Mobile Hairstylist.
If you like doing hair and they won't come to you, then go to them.
Seniors and other shut-ins, need cuts, shampoos, trims, etc.
Create a checklist of everything you use, place in a portable case, and go get customers.
Advertise in all local publications, churches, and the Yellow Pages.
6.
) Upholstery Repair.
Business who succeed are those filling a true and present need in their communities.
People need upholstery repair from time to time since it's far less expensive than replacement, and the owners have no interest in learning how it's done.
Since the number of skilled professionals has been dwindling for years, this could be a gold mine.
There are some excellent books on the subject of upholstery repair, that will prove invaluable in teaching the proper techniques, and the tools required.
Practice, practice, practice.
7.
) Sell and Deliver Firewood.
With the huge jump in the number of homes equipped with fireplaces, who will supply them with firewood for the winter months? You will! Even if you don't have a truck, just find someone who does and work out a percentage for each order.
Sell it by the cord, fraction of a cord, or make weekly deliveries at a special rate.
Working with a single supplier gives you additional purchasing power to increase your profit margins.
Advertise in all local publications, churches and penny savers.
8.
) Gift Baskets.
With the year 'round celebrating of birthdays, anniversaries, births, etc.
, many are doing very well in this industry.
Find suppliers for your wicker baskets, the goodies you stuff them with, such as food, wine, candy, etc.
, who sell in bulk for increased profit margins.
Advertise in local publications, Yellow Pages, churches, penny saver, etc.
9.
) Bake for Profit.
For every person that loves to bake, you'll find a thousand people who love to eat.
If you love baking, sell your delicious creations and make a very nice profit.
Attention to details, use of the best ingredients, and good ol' TLC will keep them coming back and will get more to take home.
Advertise, give free samples, and leave your number.
They'll call.
10.
) Web busters.
Have you seen those unsightly cob and spiders webs on the exteriors of buildings.
Yuk! It makes for a more welcoming site when someone gets up there with a broom and a towel and does a thorough clean up.
Advertising you work after hours, makes it more convenient for owners.
Advertise in business publications, Yellow Pages, community newsletters.
Find a problem, people need solving and supply the solution.
Learn how to promote your business, get your name, "out there" and your "solution", will generate a tidy supplemental income.
I'll be high-lighting ten more business opportunities you can start for around $500 next week.
Source...