But cutting costs only goes so far. Unless you already make a lot of money and spend like a bon vivant, most people can’t eke out that much more from their budget by decreasing expenses. Plus, the more you retrench, the more your quality of life suffers. (It’s all relative, though — certainly some overspenders could actually improve their lives by tempering their expenditures. Here are 101 ideas for saving money.)
Make money selling handmade crafts if you love being creative. Turn your hobby into a side business. Whether it’s homemade candles, friendship bracelets, or pretty cards, sell your crafts at a local craft fair, farmer’s market, or online on Etsy. Price your goods by considering how much you spent on materials and how long it took you to make each product.
Don’t put all your eggs in one basket. If you only promote one merchant’s products, you are stuck with their commissions, their landing pages, and ultimately, their conversion rates. It is important to work with many different merchants in your niche and promote a wide range of products. This affiliate marketing strategy will diversify the amount of commissions you make and create a steady stream of revenue when building an affiliate website.
You don’t have to be an adult to start making money. In fact, you don’t even have to be a teenager! No matter how old you are, even if you’re a kid, there are ways to bank a few extra bucks. There are the traditional jobs like babysitting, shoveling snow, and doing chores around the house. And then there are the more unique and creative jobs like selling homemade crafts or growing your own vegetables. Just remember to stash some of that cash away in savings for later.
If you're ready to enter the ecommerce fray, you could sell your own stuff. Of course, along with selling your own stuff on your own website comes a whole slew of both responsibilities and technical configuration and requirements. For starters, you'll need a website and a hosting account. You'll also need a merchant account like ones offered by Stripe or PayPal. Then you'll need to design that site, build a sales funnel, create a lead magnet and do some email marketing.
This is the best way to boost your earnings, as you have the most leverage at the moment that a company wants you but isn’t sure whether it can get you. Use that to your advantage in negotiations. Another benefit of getting a bump up when you switch jobs is that the percentage boost will be baked into all your future raises, elevating your lifetime earnings. Here’s how to negotiate your salary.
Recycle items at the local recycling center if they accept collections. Many recycling sites will pay a small fee per pound of recyclable items. Go around your neighborhood collecting things like glass bottles, soda cans, newspapers, cereal boxes, and milk jugs. Have your parents drive you to the nearest recycling center and turn in your haul in exchange for money.
Websites consisting mostly of affiliate links have previously held a negative reputation for underdelivering quality content. In 2005 there were active changes made by Google, where certain websites were labeled as "thin affiliates". Such websites were either removed from Google's index or were relocated within the results page (i.e., moved from the top-most results to a lower position). To avoid this categorization, affiliate marketer webmasters must create quality content on their websites that distinguishes their work from the work of spammers or banner farms, which only contain links leading to merchant sites.