The Art of Making Money Introductory: How to make extra income made simple (Updated 2023) (2024)

Article updated 02-15-2023.

For the last year, I have been telling people how to save money. It came to me it is time to help I need to educate on how to make money as well. It sounds simple but the truth some people may not be aware of all the different way to make money.

The Art of Making Money Introductory: How to make extra income made simple (Updated 2023) (1)


Everyone knows that a job is the most common way to make a living. The down fails for this areyou have to trade freedom for security. And the government taxes earned income at the highest rate compared to portfolio dividend income from stocks, and passive income from real-estate. Let us not forget the business owner or corporation has a host of taxes deduction that an employed person does not.

What should a working-classperson do? The answer to think outside of the box. How can you improve your situation without quitting your day job? One way to do this to start a part-time business with Internet marketing, and it can cost just a few dollarsor hire a student to do the hours of boring data entry on free online classifieds, directories, blogs, and social media. The alternative to this is to use a SEO or a social media manager to do this for you, there are many services that will auto submit don't touch them! This is a black hat SEOblack hat techniques and you need to advanced user to be success with it. Even black use spam for short term results. I recommendusinggray hat SEO, buying links and don't waste your time getting with outreach. The trick here is naturallink buildingprofiles.

What do you mean? I mean start with social media profiles, branded web 2.0, PDFs, infographics or image backlinks, video backlinks, profile backlinks, citations, and niche directories, forum backlinks, blog comments. In a nutshell any other type of backlink other thanguest posts, niche edits or PDN's. This is done on first month.

Second month: Start using, guest posts and niche edits, all the backlinks need to be natural. Branded anchors, Naked URL's, generic keywords (website, click here, goto url, here, formore information, or another you can think would be good.

Third month and beyond:Don't use money ankers (financial coach,financial coaching,financial coach near me).until you see you site starting to move up with organic traffic maybe for a few months. Most people including myself hammedmoney ankers. Use moneyankers maybe 10 % to 20% of the time. You can use branded and money ankers (ColumbusFinancial & Success Coach Money coach). It makesyour ankers look less aggressiveto Google.

Another trick to mix exact match anchors (EMA's) (financial coach) and partial match ankers (PMA's) (Grove Cityfinancial coaches).

If you are startingout,you may not be able to rank for main keyword:financial coach, but you areable to find a long tail keyword to rank.Grove Cityfinancial coach orfinancial coach in Grove City.

Avoidkeyword stuffing: "Financialcoach money coach financialplanner, financial advisor".It looks very unnatural.

WhenI started and used PDN (privet blog network) blast. PDN are good only if high quality andhave no footprint. Use them with care, Google hates PDN's! Let your site age before using a PDN, maybe after a few months and your site is healthy. Don't do aFiverr blast of 100 PDN's. Use one every few months to be safe.

You will need tools to help you out! I am sure you don't want to pay $200/month for a tool rental.Free SEO Tools - Made by Ahrefs.

So where can you learn SEO for free? The best place I found is these 2 guys from Austin Texas Nick and Chris. There website is sirlinksalot.co. They have a Facebook group SEO Round Table. Below issample of theirvideo they have on YouTube Sirlinksalot:


The best way to find these types of servicesin search engines. You would love to start a business but don't have a skill, or a product or a service that can be easily transformed into a side income, what do you do? If you have the desire to start something but don't have the perfect product or service,you can try your hand at affiliate programs. You are basically earning a sales commission on marketing some else product or service. Affiliated programs like Commission Junction and clickbank will give you a host of both brand name and off-brand product to market.

But if marketing is not your strong point? Let say you're a great accountant and want to have a side business preparing tax returns? And you don't know a difference from a website from a blog? What do you do? There a great website called fiverr.com for freelancer'sservice providers and some are priced very high,and some are dirt cheap! You can purchase a video production with spoke person for as little as $5.00, or higher a copywriter, or a web marketer from the same service starting at $5.00, some do charge more but still often a great value for small or starting enterprises. You don't have to take $10,000 bank loan. Iwas quoted $3000 for video production when I started my business. But hiring a professional spokesperson video for $12.00, cost $7 to market the video on You Tube got 2,964k hits off Fiverr.

Which the Fiverr advantage you can start building your business with outsourced freelancers for a few hundred dollars. Build a web page, hire a ad copy expert, hire a video spoke person to start your video marketing, hire a SEO expert to start your website getting hits and ranking high on google. Explore other marketing channels like email marketing, social media marketing, backlink marketing, News Releases, Articles or paid advertisem*nt like on Facebook or Google's Adword. I hope your head is not spinning with all these types of marketing channels.

So, what if starting your own business is not your dream? What else, the simple way to bring in extra income is purchasing stocks that offer a dividend, or EFT (EFT are like mutual funds, that they hold a portfolio of many stocks, but have tax advantages over mutual funds, and can be purchased or sold like stocks in dividend classification). When is the best time to purchase these stocks after a major crash or issues when the market is low? You can pick companies that you know and trust and will feel will be there for the next 100 years.

One of the best investments in the rental business, buying home or apartments and renting them out. This is a win-win situation in the tax code. You only need a 20% down payment and can get a loan which is a tax deduction, and you can also get a deduction on the devaluation of the property at 100%, not the 20% percent which you own, whatif you do not want to be called at 3 am about a problem? Simply, onecan hire property managers to do all the dirty work. This is a lifetime of income. And when the investment goes up in value you can refinance the property and take out the equality to purchase additional property. This will require a lot of time to research and find the correct investment. If you are willing to put in the time you can make a big return.


Author: Derek P. Bliedung
Columbus Financial Coach & Success
The Art of Saving & Making Money
http://www.columbusfinancialcoaching.com

The Art of Making Money Introductory: How to make extra income made simple (Updated 2023) (2024)

FAQs

What is the best side hustle to make money in 2024? ›

Things like freelancing, social media marketing, answering surveys, and proofreading for other small businesses are pretty easy side jobs from home that can still turn a nice profit.

How to make money fast without a job 2023? ›

Some of the best ways to make money without a job are selling print on demand products, freelancing, content creation, gig economy participation, investing, leveraging passive income, property renting, surveys, affiliate marketing, and using creative talents.

What is the #1 side hustle? ›

1. Freelancing. Freelancing is a tried-and-true way to earn extra money and deserves a top spot on any list of easy side hustle ideas. Freelancers deliver work on a per-project basis for one or more clients and you can schedule it in your spare time.

How can I make $300 a day side hustle? ›

With effort and planning, you can realistically make $300 extra income in a 24 hour period.
  1. Driving for a Rideshare Service.
  2. Doing Food Delivery. ...
  3. Monetizing a Skill on Fiverr.
  4. Flipping Items. ...
  5. Doing Handyman Tasks. ...
  6. Participating in Focus Groups. ...
  7. Moving Help. ...
  8. Other Options.
Jan 22, 2024

What is a good hourly wage for a side hustle? ›

As of Jul 10, 2024, the average hourly pay for the Side jobs category in Los Angeles is $22.27 an hour.

Are there side hustles that actually work? ›

Some high-paying side hustles that you can do from home include web designer or developer, digital marketer, virtual tutor, or bookkeeper.

How to get money asap? ›

How to get cash fast
  1. Sell something. If you have anything sitting around your house collecting dust, then you could turn it into cash. ...
  2. Pawn something. ...
  3. Sell unused gift cards. ...
  4. Access your paycheck earlier. ...
  5. Take on a freelance gig. ...
  6. Pet sit. ...
  7. Babysit. ...
  8. Ask for a loan from a family member or friend.
Jun 27, 2024

How to earn a living without a job? ›

How to make money without a job
  1. Launch an ecommerce store.
  2. Sell stuff that you already own.
  3. Start a blog.
  4. Pick up odd jobs.
  5. Produce online courses.
  6. Sell print-on-demand products.
  7. Write an ebook.
  8. Rent out unused space.
Jan 17, 2024

What is the easiest money to make? ›

How to make money fast
  1. Become a rideshare driver. ...
  2. Make deliveries. ...
  3. Take surveys. ...
  4. Pet sit. ...
  5. Sell clothes and accessories online. ...
  6. Sell unused gift cards. ...
  7. Earn a bank bonus. ...
  8. Help others with simple, everyday tasks.

What is the oldest way of making money? ›

The barter system likely originated 6,000 years ago. The first coin we know of is from the 7th century BC and the first paper money came into the world around 1020 AD. Eventually, medieval banking systems gave way to the gold standard, which in turn gave way to modern currency.

What is the new money method? ›

New Money Method: Crediting rate depends on when premiums are received. For flexible premium contracts (not common), this means each contribution (premium) may guarantee a different interest rate; this method is sometimes referred to as the “pocket of money method.”

What creates new money? ›

Key Takeaways. The Federal Reserve, as America's central bank, is responsible for controlling the supply of U.S. dollars. The Fed creates money by purchasing securities on the open market and adding the corresponding funds to the bank reserves of commercial banks.

How can I make an extra $1000 a month? ›

Here are some realistic options!
  1. Freelance writing. Becoming a freelance writer is a lucrative way to produce extra income. ...
  2. Virtual assistant. If you're an organized person, then you could excel as a virtual assistant. ...
  3. Online English tutor. ...
  4. Data entry. ...
  5. Proofreading. ...
  6. Blogging. ...
  7. Social media manager. ...
  8. Resume writer.
Mar 19, 2024

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