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Tuesday, 10 May 2016

Best Ways to Make Money on the Side in 2016 - 10 Ideas to Supplement Your Income

Best Ways to Make Money on the Side

The Millionaires Giving Money Blog is all about helping families and individuals to rise out of poverty. One of the best ways to get out of poverty is to make money on the side which can be saved or used to pay off debt. When you have money coming in you can use it for investment which helps you to take steps towards prosperity. 
  
Recently a reader of the Millionaires Giving Money Blog contacted me to ask what are the best ways to make money on the side in 2016. In the email the reader writes the following 
  
I really enjoy the posts you write on your blog especially your ideas on making money. Your ideas have helped me to make money on the side which I'm using to pay off my debt. I am on a very low income so need ways to supplement my income. I wanted to make more money so wanted to know what the best ways to make money side are in 2016. Look forward to your email. - Bernard 
I'm really happy this reader emailed me this question because I was in the process of compiling a list of ways to make money on the side in 2016. I'm really happy the reader understands the importance of making money on the side to rise out of poverty. With the attitude you have its only a matter of time before your circumstances improve considerably. So without further ado here are 10 of the best ways to make money on the side in 2016. 
 
  

#1: State and Federal Benefits 

  
The first and most important step when getting out of poverty is getting paid what you are entitled to. If you are on a low income then there is Federal and State help available to help you make ends meet. Any excess money you have from the benefits can be used towards your savings. There are many State and Federal benefits you can apply for. For example you can apply for Food Stamps from the Supplemental Nutritional Assistance Program. 

You can apply for rental assistance through The Housing & Urban Development Department. You could even apply for Temporary Assistance for Needy Families which provides cash assistance for a number of months when you are vulnerable and have nowhere to turn to. You must accept whatever help is available so you can take the first step to get out of poverty. 

  

#2: Writing a Blog to Make Money on Side 

  
Another great way to make money on the side is by creating a profitable blog and then adding excellent content. You must find a niche that has commercial value and then create a blog and add incredibly useful information on it. The cost of setting up a blog is minuscule compared to the profit it could potentially make. 

For inspiration, in the UK Martin Lewis founder of MoneySavingExpert.com spent $140 setting up his site, 10 years later he sold it for over $160 Million. The potential for setting up a blog is so great its worth taking a small monetary risk. The key is adding original content which people find indispensable.  

30 of the Top Earning Blogs 

RANKSITECREATORMONTHLY INCOMESOURCE
1The Huffington PostMiss Arianna Huffington$2,330,000PPC
2TechcrunchMr Michael Arrington$800,000Ads
3MashableMr Pete Cashmore$600,000Ads
4Perez HiltonMr Mario Lavandeira$450,000Ads
5NoupeThe Blonde Salad$200,000Ads
6Smashing MagazineMr Vitaly Friedman$190,000Ads
7SmartPassiveIncomeMr Pat Flynn$153,000Affiliate 
8Timothy SykesMr Timothy Sykes$150,000Affiliate
9Tuts PlusMr Collis Ta'eed$120,000Members
10Life HackerMiss Gina Trapani$110,000Ads
11GothamistMr Jake Dobkin$110,000PPC
12Tuts PlusMr Collis Taeed$110,000Members
13Venture BeatMr Matt Marshall$100,000PPC
14Slash GearMr Ewdison Then$80,000PPC
15Car AdviceMr Alborz Fallah$70,000Ads
16Life HackerMr Nick Denton$60,000Ads
17DooceMiss Heather B. Armstrong$50,000PPC
18Steve PavlinaMr Steve Pavlina$45,000PPC
19Talking Point MemoMr Joshua Micah Marshall$45,000Ads
20ProbloggerMr Darren Rowse$40,000Ads
21KotakuMr Nick Denton$32,000Ads
22Expert PhotographyMr Joshua Dunlop$30,000Products
23ShoemoneyMr Jeremy Schoemaker$30,000Ads
24Coolest GadgetsMr Allan Carlton$30,000Ads
251stWebDesignerDainis Grveris$20,000Product
26JoystiqCompany: AOL$18,000CPM Advertising
27PC MechMr David Risley$16,000Affiliate
28AbduzeedoMr Fabio Sasso$12,000Ads
29SizlopediaMr Saad Hamid$11,000PPC
30Overhead in New YorkMr Michael Malice$9,000Ads
  

#3: Tutoring for Side Money

  
Another way I made money on the side previously was by teaching young children. If you have a good grasp of Mathematics, Science, or English you could make a lot of money tutoring children. If you have a degree level qualification you could charge up to $50 an hour. Suppose you do 20 hours per month at $50 per hour you could easily make $1000 which could go towards paying off your debt or savings and investment. The more hours you put in the more money you could potentially make. The key is offering exceptional value and helping the student as much as possible.  

#4: Freelancing for Side Income

  
If you have a skill which is in demand you can make a lot of money by freelancing your skills. Even if you don't have a skill you could learn one which is in demand and offer an exceptional service. Sites like Upwork.com formerly elance.com and odesk,com help freelancers make a lot of money. Suppose you know how to set up a website and have the creative skills to make it look great, you could offer this service on sites like Upwork.com or Fiverr.com and charge for your services. 

The key is competing on service as opposed to price. If you can offer a fantastic customer focused service you will receive a lot of business. Suppose you charge $100 for setting up a bespoke site and you set up 20 a month you could easily make $2000 which would be a tremendous step towards prosperity.  The list below is for the top 20 freelancing sites.

#5: Donating Plasma and Blood for Money

  
One of the best ways to make money on the side is by donating blood and plasma, you could even go as far as donating sperms from men and eggs from women. If you're healthy and young you could make a significant side income by donating every month. Suppose you're a healthy young man and you are able to donate blood and sperms 4 times a month. 

The average payout for blood is $50 depending on rarity and $50 for a sperm donation depending on characteristics. If you donate 4 times per month you could easily add another $400 to your income. The key is to remain healthy and donate regularly and top up your body with adequate nutrients, vitamins and minerals. 
  

#6: Car Wraps for Side Money

  
Another great way to make money on the side is by auto-wrapping your vehicle. If you drive a decent vehicle which is maintained well and do plenty of miles you could make money by adding advertisements on your vehicle. The amount you get paid depends on your car model and the number of miles you do per month. The better the car and more miles you do the more money you will get.  
  

#7: eBay & Amazon Selling 

  
One of the best ways to make money on the side is by becoming a powerseller on sites like eBay and Amazon. To become a powerseller you must sell a minimum number of items every month for an extended period of time. You can use websites like Terapeak.com to find excellent products which can then be sourced from cheap suppliers from China, You can even add a brand to the items and then sell it for a premium. 

If you can learn the process of selling in high volumes you could make a lot of money. The key is research, do not blindly follow the crowd only to make pittance, instead do research and find items nobody else has and then add your brand to it and sell it for a premium. 
  

#8: Weekend Jobs to Boost Side Income

  
Most people rest during the weekends however if you want to fight your way out of poverty you must take another job and save all the money you make. There is no use finding another job and then inflating your lifestyle, you must make use of the money and either pay off debt, beef up your emergency fund or invest the money for the future. You can take a retail job at places like McDonald's or Starbucks and then work your socks off. if you can work weekends for a year and save all the money you will have more than $5000 in savings which would certainly help your financial circumstances. 
  

#9: Pet/House/Babysitting 

  
Petsittinghousesitting and babysitting are great ways to make money on the side. There is a lot of demand for housesitting and petsitting when families and individuals leave for extended holidays. If you can offer a triple sitting service where you can take care of a home, pet and baby you could charge a lot for your service. 

To get started you need to become an accredited baby sitter and pet sitter. You could even learn about how to take care of a home. Once you're all qualified you need to advertise your service and wait for the business to arrive. If you can housesit for 12 months you could essentially live rent free and get paid for looking after the house. At the same time if you can babysit and petsit you could add a hefty sum to your income.  
  

10: Taking Part in Clinical Trials 

  
Another great way to make money on the side is by taking part in Government approved clinical trials for drugs. Before a pharmaceutical company can bring a drug to market it must go through rigorous testing. The final stage of testing is clinical trials on human. This is where volunteers are required and they are handsomely compensated. Some clinical trials can last up to 3 months but pay anything between $10K and $20K depending on how healthy or ill you are. If you can take part in a few high paying clinical trials you could earn yourself a way out of poverty. 
  

Best Ways to Make Money on the Side 

  
Making money on the side can help accelerate your journey from poverty to prosperity. The key is developing multiple side money making systems and then max them out as much as you can. You must be careful not to inflate your lifestyle when your income rises and instead make good use of the money like paying off debt, bulking up your emergency fund and investing in safe assets over the long run. 

I really hope these ways to make money on the side are beneficial to Bernard and other readers of the Millionaires Giving Money Blog. If you have more ideas please leave them on the comments section below. Good Luck and God Bless. 

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