If you're a teacher and you want some extra cash on the side,
you're in the right spot. Hang out with me just a few moments and you'll
learn 3 cool ways to supplement your income - heck, if you want,
several of these could replace your income in no time and send you into
early retirement if you want. Wouldn't it be nice to travel the world in
style and not to have to rely on a pension?
These days it's easy to leverage the power of the internet to make passive income. There are so many opportunities once you know how to look that it makes my head spin sometimes. Here are 3 of the most viable methods that I've used:
1. Affiliate marketing
Affiliate marketing is really cool way for teachers to earn extra cash. It's the ultimate freedom because you can work from anywhere in the world. If you've never heard of it before, here's the basic concept: There are thousands of companies online that look for affiliates to promote their products. As an affiliate, all you have to do is sell the company's product (to people who are already looking for it) for a commission. Sounds too good to be true, doesn't it? Well, it is.
But why sell somebody else's product? By doing so, you never have to have your own product to sell, you don't have to hold any inventory, and you don't have to deal with prospective customers. You merely have to provide a link between someone who is looking for a product, and someone who is selling that product. And you can even pick something you're passionate about. Pretty cool, huh?
The best part is, companies are willing to pay very large commissions for selling their products (sometimes up to 75%), so it's a highly lucrative business to be in.
2. Craigslist, eBay or Kijiji Arbitrage
Also known as dropshipping, many people make a full time living selling goods on eBay and similar sites. Basically, to take advantage of "arbitrage", all you have to do is locate a supplier (there are many directories where you can find companies willing to supply you at wholesale costs, and ship a product directly to the buyer at a wholesale price). Then you post the product information on eBay, Craigslist, or Kijiji at a slightly higher price, and keep the difference as profit! Pretty cool, huh?
Dropshipping is similar to affiliate marketing in a way, only the profit margins aren't as good.
3. Do you have a service you can offer?
Are you an expert at something? Chances are if you're a teacher, you are. Did you know you can use sites like Craigslist or Kijiji to offer your skill for hire. These sites get an absolute avalanche of eyeballs every single day for you to step in front of. Let's say you're an expert at teaching cats to juggle. All you have to do is sign up for a Craigslist or Kijiji account, and post your ad in the "services offered" section (ie. Will teach your cat to juggle before next Christmas for a measly $10,000), and if you find someone looking for your services, you negotiate a price. All jokes aside, this is a great way for teachers to make extra cash in their spare time or in the summer.
If you're a teacher wanting to earn some extra cash, the opportunities are literally endless. Leveraging the power of the internet to create a passive income on the side is easier than it's ever been, so what are you waiting for, get at it!
These days it's easy to leverage the power of the internet to make passive income. There are so many opportunities once you know how to look that it makes my head spin sometimes. Here are 3 of the most viable methods that I've used:
1. Affiliate marketing
Affiliate marketing is really cool way for teachers to earn extra cash. It's the ultimate freedom because you can work from anywhere in the world. If you've never heard of it before, here's the basic concept: There are thousands of companies online that look for affiliates to promote their products. As an affiliate, all you have to do is sell the company's product (to people who are already looking for it) for a commission. Sounds too good to be true, doesn't it? Well, it is.
But why sell somebody else's product? By doing so, you never have to have your own product to sell, you don't have to hold any inventory, and you don't have to deal with prospective customers. You merely have to provide a link between someone who is looking for a product, and someone who is selling that product. And you can even pick something you're passionate about. Pretty cool, huh?
The best part is, companies are willing to pay very large commissions for selling their products (sometimes up to 75%), so it's a highly lucrative business to be in.
2. Craigslist, eBay or Kijiji Arbitrage
Also known as dropshipping, many people make a full time living selling goods on eBay and similar sites. Basically, to take advantage of "arbitrage", all you have to do is locate a supplier (there are many directories where you can find companies willing to supply you at wholesale costs, and ship a product directly to the buyer at a wholesale price). Then you post the product information on eBay, Craigslist, or Kijiji at a slightly higher price, and keep the difference as profit! Pretty cool, huh?
Dropshipping is similar to affiliate marketing in a way, only the profit margins aren't as good.
3. Do you have a service you can offer?
Are you an expert at something? Chances are if you're a teacher, you are. Did you know you can use sites like Craigslist or Kijiji to offer your skill for hire. These sites get an absolute avalanche of eyeballs every single day for you to step in front of. Let's say you're an expert at teaching cats to juggle. All you have to do is sign up for a Craigslist or Kijiji account, and post your ad in the "services offered" section (ie. Will teach your cat to juggle before next Christmas for a measly $10,000), and if you find someone looking for your services, you negotiate a price. All jokes aside, this is a great way for teachers to make extra cash in their spare time or in the summer.
If you're a teacher wanting to earn some extra cash, the opportunities are literally endless. Leveraging the power of the internet to create a passive income on the side is easier than it's ever been, so what are you waiting for, get at it!