How to make more money

Why are you not taking action? It could be:

* Fear of failure

* Lack of time

* Lack of resources

* No money

* Partener/spouse/economy/boss

* Don't know where or how to start

* Starting a business scares me. I don't know enough.

* Work more than working at my job? I never thought of that.

These are all just EXCUSES! 

There are so many ways to make an extra income these days. The power of digital and online opens up so many more opportunities. With platforms like www.udemy.com you can learn most skills at a very low cost. 

Let’s unpack some of the options available to you to make more money.

We are not empty vessels. We are all good at something. Maybe you make the best chocolate brownie or are a whizz at mathematics? We all have skills. How do you spend your free time? Can you monetise it? I was chatting to an Uber driver the other day, he asked me, “How can I monetise my favourite pastime, watching Netflix?” I said, “That’s easy, set up a YouTube channel and start reviewing movies and series. I know I would watch those reviews. I hate spending hours looking for something to watch.

With automation it's pretty easy to build a product once and resell it multiple times without any human intervention. You can automate the social media posts, payment processes and your sales and marketing efforts. This is called “passive income” and it makes you money while you sleep. 

What are some ways you can make passive income?

* Forex trading algorithms
* Crypto currency mining
* Savings (interest)
* Investing (dividends, capital growth)
* Rental income (Airbnb)
* Affiliate programme/product re–seller
* Grow a large social following (YouTube, TikTok etc.)
* Build an app 
* Create a course once and sell it online (Udemy)
* Write an ebook – sell online
* Peer-to-peer lending (interest)
* Brand your car

Affiliate marketing is the process by which an affiliate earns a commission for marketing another person’s or company’s products. The affiliate simply searches for a product they enjoy, then promotes that product and earns a piece of the profit from each sale they make. The sales are tracked via affiliate links from one website to another.

Do you have a large network? Do you have a decent social media following? How can you leverage your contacts/ networks to make money? This can be done at a low cost with all the support you need. There are so many options to choose from, including:

1. HubSpot
2. Nu Skin
3. LeadSquared
4. Fiverr
5. Coursera
6. Teachable
7. Shopify
8. Amazon
9. Wix
10. eBay 

You see, it's not that hard to make extra money. There are so many options available to you. The time is now, if not now, when? #getmoneysavvy

Kathryn Main is the CEO Money Savvy Group. Get in touch with her at kathryn@moneysavvyhumans.co.za or visit www.moneysavvyhumans.co.za

A version of this article appeared in the February 2023 edition of Public Sector Leaders. Get your complimentary copy: