I AM TARGET TUESDAY!
No matter where you are on your financial journey, you need to know that it’s possible for anyone to turn their financial life around. Sometimes all it takes is that first step in the right direction to get things moving in your favour. But, as with most things, sometimes that very first step is the hardest part.
According to the Bureau of Labor Statistics, freelancers now make up around 15% of the workforce, compared to only 7% in 1995. And the trend isn’t expected to stop here.
Most of the ideas below are very simple to start, and most can be done as a sole proprietorship at first (meaning you don’t have to file any legal documents to get started, though you will want to do that if it starts to take off). Most of these can be done at home in your spare time, and in your spare space, too. Please free to comment/add more:
1) Sow a seed - either into someone's life or into your local assembly. (Read 2 Cor 9:6; Eccle 11:6; Prov 11:24-25). Robert Collier said "You cannot hold on to anything good. You must be continually giving - and getting. You cannot hold on to your seed. You must sow it - and reap anew. You cannot hold on to riches. You must use them and get other riches in return".
2) Donate towards a charity course/NGO - make a difference by helping others. Proverbs 12:25 says "A generous man will prosper; he who refreshes others will himself be refreshed".
3) Start a lucrative business - recharge card business, cooking/baking, soap making/spa products, etc. Do not despise the days of little beginnings; remember what happened when the five loaves & two fishes were brought to Jesus. While you and I have no power to supernaturally multiply, Jesus certainly does!
4) Register your Company- As we had been taught on one of our SS posts that we should endeavour to register a company even though it does not function immediately. You can't tell when the opportunity would arise to need one.
5) Open a bank account - savings account, emergency fund account, pretax retirement account etc
6) Register for a short online course to increase your skills/knowledge - advanced Microsoft office, freelance writing skills, jewellery design, interior design/decorating etc. Remember knowledge is power. According to Alan Moore, "Knowledge, like air, is vital to life. Like air, no one should be denied it".
7) Enjoy a Fun Family day out - Organise a family day out to spend quality time with hubby & kids. It could be a lunch/dinner out or as a picnic. Togetherness is a very important to family life. John Bowring said "A happy family is but an earlier heaven".
8) Create custom clothing and market to people in your local community, you'd be amazed at the interest/turnouts.
9) Transport for Volunteer jobs -
Volunteering is a great way to meet new people, get some exercise, and involve yourself in a positive project that can lift your spirit. It could open doors for bigger opportunities.
10) Register with an existing ecommerce market place- This you can use to resell used CD, books. Buy local and in-demand products at a discount and resell them for profit.
Start a book club/ rent out books.
11) Start a website - If you enjoy writing, find a topic you’re passionate about and dedicate to covering that topic and anything else interesting you want to talk about. All you need is a computer (your smart phones can equally serve the purpose), and some energy to consistently write. It can start as a hobby and turn into a business over time.
12) Buy some toys/goodies for kids - Got lots of evenings free? Like kids? Babysitting may be a great side business for you. Keep an eye on multiple children on Friday and Saturday nights and you can earn some easy cash over time.
13) Buy some collections of interior design materials - Fascinated by interior design? Many people are quite happy to hire someone to help them decorate their home, and that’s especially true of those who want a magazine-caliber style yet don’t have an eye for design at all.
14) Meal-to-go preparations- Making meals in advance is a great way to save money for yourself – but you can often prepare these for others as well and sell them for a markup. Prepare eight casseroles/doughnuts, for example, then sell six of them to cover your costs. You can grow this by taking orders from others and finding out what they like.
15) Start a tutoring class- Did you major in a subject like English, history, or math in college/university? If so, you likely have what you need to tutor kids in particular subjects. Seek out parents or teachers and let them know that you tutor students in a certain subject, and offer materials for them to share, and phone calls will often trickle in. You can get going locally or expand across the country by offering to tutor online.
16) Start a consulting business- website design etc. Many small businesses in your community could use a very basic web presence to tell others about their business. Quite often, these businesses don’t have a large budget for such things. That’s where you come in – get a bunch of clients from the local community by beating the pavement, create sites for them, and maintain them for a small fee. Get enough businesses and you have a nice side business of your own that doesn’t require a ton of maintenance time.
The key thing to remember is that, usually, these avenues won’t cause you to become rich. What they will do, though, is let you do something you enjoy and probably make enough to pay for at least some of the costs related to that hobby, or perhaps earn a trickle of income.
Even a little bit of income can make a difference. For someone, if it comes from a hobby, that means the hobby is income-positive rather than income-negative, meaning it puts money in your pocket rather than taking it out.
As you embark on your new side business remember that you are only limited by your own imagination and skillset. Don’t be afraid to be creative, and don’t let anyone tell you that you can’t succeed.
You never know, unexpected success might be right around the corner.
Omolara Salami Odukoya
On a daily basis, we feature words of financial wisdom from different Smart Stewards members and sometimes from Guest Contributors. You'd be glad reading them. Enjoy!
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