Archive for the ‘Making Money’ Category

Changing To Night Shifts To Make More Money

Sunday, October 6th, 2013 by

Today I was reading how this one person needed more money and instead of finding a new job or additional part-time work he opted to work the graveyard shifts at the place he already works at. Based on what I saw too he got like an extra $5 an hour based on that alone. I suppose the pay is basically because there are less people who are willing to tolerate those kinds of working hours and so a business needs to pay more to encourage people to take them.

For myself once in awhile would be okay. But making it like a full time career seems a little excessive to me as I am one of those who are inclined to say working those late night hours probably isn’t too good for you health. Is it worth it though in the end simply to make more money faster? I suppose that is simply a personal preference for everybody as obviously there are people who work during these hours for a living. Either way, it’s and option I suppose if you are thinking of ways to make more money.

Getting Paid To Take Photos of Your Grocery Receipt

Friday, August 16th, 2013 by

This was new to me as I was reading about these two apps called Checkout51 and Snapsaves where it sounds like they have a program that involves you taking a picture of your receipt to prove that you purchased a particular product. As a result, they will then credit you back for those purchases. The cashback isn’t too bad too as a lot of it is like say one dollar oer more for things like a box of cereal.

My assumption on how this works is that they get a spiff from say the manufacturers in convincing you to buy particular products. So it’s almost like an alternative form of marketing as opposed to traditional channels like a TV or banner ad. I never actually used these myself but it sure sounds tempting to try out. Unless someone out there has heard something bad about using these apps. If not it seems like an okay way to make some extra money on items if you were going to purchase them anyways.

Making A Little Extra Money Online

Wednesday, June 5th, 2013 by

Interesting start to my day today as I went to the Global BC1 studio. I was expecting initially to be on last like usual but it was decided that I would be the first one up on the show today. A few people were even poking fun at me how that it means added pressure. Early there I was and it was kind of interesting seeing the set empty before going on air.

Because recently I saw a news bit about how apparently a large chunk of people here have absolutely no savings at the end of the day it kind of made me think of the topic of trying to make some money on the side. For many people who do have their finances in check it seems like all they really need is an extra say $200 a month or so which could probably go a long way. As a result we decided to talk a bit about making money online.

The first item we dived into was things like Google Adsense where people can essentially use it to monetize their self published content whether it be in the form of words like on a website or videos on places like Youtube. Just to get the point across I showed an old Adsense cheque that you all may have remembered that I showed before here.

In my opinion, this is probably one of more simple and straight forward things to try if you are like a stay at home parent or an artist of some sort. It’s more about simply finding something that you are passionate about which inspires you to create content on a regular basis.

The next item was a bit about affiliate marketing where you are essentially getting a commission from sales made based on your referral. I decided to use the Amazon Associate Program as an example as it was a site that most people are familiar with and at the same time everyone can relate to shopping for everyday needs and entertainment. So as I mentioned why not get paid when you suggest items to people that you would have anyways? It’s like a winning situation for all parties I think.

Stock photography and photos was something I thought most people could do as well. For example purpose and I know some of the more established ones is Istockphoto and Shutterstock shutterstock. Even from what I see so many people own things like a DSLR nowadays and many people do things like photography as a hobby. No reason why you can’t potentially make some money out of it too as there are usually a lot of people like graphic designers who constantly need good and unique shots of virtually everything.

Lastly we talked about how people can literally sell things online through sites like Ebay and Etsy. I was even saying that Ebay started with people selling beanie babies for those who remembered. Nowadays you can find almost anything. At the same time, some sites like Etsy are more specialized in terms of focusing on things like handcrafted material. Selling things online can be a great way too for those that say they have no savings yet they have like a closet full of unused clothes or items they bought because they were on sale and have yet to even use. If anything it will reduce your clutter and keep you organized.

Now these sites do charge you a fee to have your items listed or that they take a percentage of what you make from the final sale price. So with that in mind there are of course the free options such as Craigslist and Kijiji. It can work just as good if what you are selling is in demand or is at a price that is very tempting. Of course the drawback is that you pretty much have to do everything yourself in terms of the actual transaction and the marketing to get people to even see your listing. But if you are really tight on a budget then it’s an option.

All in all, I feel that there is something for everyone and it’s just a matter of choosing which one works best for your lifestyle and passion. I’m sure everyone out there has different suggestions that have worked for them as well. Even I am am still learning everyday on all the neat and unique things people do online to generate an income.

Pre-ordering More Than One Hot Item

Tuesday, September 18th, 2012 by

Christmas is slowly creeping up and as expected there are going to be some hot items in people’s most wanted gift list. One thing I was thinking about for example is that there is a new video game system called the Nintendo Wii-U coming out which no doubt is going to sell out on the day of its release as even per-orders are filling up quickly. This got me thinking a little as while many people will pre-order one for themselves, many people also try to pre-order more than one as the strategy is to essentially sell the second one.

What’s interesting too is that I often hear this turn into an ethics issue where people say it is wrong to buy more than one in this case as people are essentially depriving someone else the chance to get an item that is in short supply. On the flip side some say that is smart as you can essentially get enough money back if you resell it, assuming it is a hot item,which makes it as if you are saving say 50% off your purchase.

I personally don’t see it as right or wrong in this case as it’s not exactly a life essential and it is no different than anyone else trying to make money trough means such as buying cheap from a wholesaler and reselling it to make a profit. As well, if someone is willing to pay so much more is it wrong for the person to say no? I remember one funny example I saw at a mall as a person lined up to buy this new system as he pre-ordered it. Then out of the blue this lady walks up to the guy and said that she will pay him $1000 right on the spot for that system. As expected, he took the offer as the item itself was about $300 only.

In some ways I would say maybe it is good practice for anyone that is trying to be entrepreneurial. For some company’s too they don’t even expect a down payment or that it is fully refundable. So in terms of risk there isn’t really any. Like in those cases it’s one of those it doesn’t hurt to try.

Patience In Evaluating Different Types of Revenue Options

Tuesday, April 24th, 2012 by

Today I was looking at some numbers to see how this project was preforming as I decided to test out some sponsorship options to see if it would work well in the future for when I have something that I would seriously want to generate revenue with. For the most parts the numbers really look promising. Although I must say that just sitting and seeing how it does to really evaluate it sure takes a lot of discipline as you can’t help but to want to prematurely go all out if things look like it is going well initially.

For myself whenever I am exploring different ways to generate an income for example the thing that crosses my mind is how do I not cannibalize what I know already works as if you start taking your time and resources away from that and the new avenue doesn’t work out as well then it can be a double loss. I suppose a good way that works is that when I am exploring different options I am not doing it with a mindset of desperation that would potentially push me to do irrational things.

I guess it is kind of like a restaurant where some people would literally scrap their entire menu which they know is working for them as they are gambling that the new menu would be better. However, like in that case I think it is better if you try to slip in new items to test the waters if you already have something that works.