10 Ways to Make More Money (Even If You’re broke)

Everyone wants to make more money, but it seems impossible if you’re struggling with debt, have few skills, and no degree. Even if you’re fresh out of college, how are you supposed to compete with people who are much older and more experienced? Don’t worry – that’s why we wrote this article! In it, we explain exactly what kinds of jobs you can apply for right away to make extra money (even when you’re broke!), and how to fill your resume out in a way that makes you look more qualified than your competitors.

1) Spend less

It’s a cliche, but one that bears repeating: The way to make more money is to spend less. This means being judicious with your resources. Don’t be shy about negotiating raises and promotions, or asking for things you need from your company—be it better benefits or flexible scheduling—to offset higher expenses in other areas. And if you’re earning good money at a job you enjoy, it might be worth considering whether there are ways to increase those earnings even more.

2) Side Hustle

We all know that side hustles are awesome and can lead to a lot of extra income. But maybe you don’t have a side hustle right now. What if I told you could start earning extra cash with no strings attached and without having to work more hours? Well, it’s true! Check out these ten ways and get started today.

3) Think About Getting A New Job

Sometimes, getting a new job is one of best ways to make money if you’re looking for additional income. Even if it’s not as good as your current position, a new job will help you change up your environment and keep you motivated at work. Though getting a new job isn’t always easy—particularly during times when jobs are scarce—there are plenty of things you can do to get hired by another company.

4) Raise Your Rates

What’s your hourly rate? The answer to that question is going to make or break your income, for two reasons: First, it gives you a concrete number, so that you can track how much time you’re spending on each client. Second, it gives you a bargaining chip with clients who might be trying to take advantage of you. So what are some tips for raising your rates? Before a big project starts, sit down and evaluate how much time they’re likely to take up.

5) Start An Online Store

There are lots of ways to make money with your existing skills, whether it’s a skill you have as a result of your profession or from being incredibly good at something you do in your spare time. But starting an online store is one of the fastest and easiest ways to make some cash. And it doesn’t require any special technical or business know-how, just effort and persistence.

6) Open A Part Time Business

If you are looking for a bit more income, but you can’t quite afford to take on more than one job, consider opening up a small side business. It doesn’t have to be a big-time investment or anything too serious—you can make pretty good money selling your homemade baked goods or craft items on sites like Etsy.

7) Earn Affiliate Commissions

When you promote other people’s products and services, it’s called affiliate marketing. And, while there are no guarantees, being able to make money in affiliate marketing has one big advantage over other types of businesses: It doesn’t require a large upfront investment. You can sign up with as many affiliate networks as you want and work as much or as little as you like on your business. And all you have to do is get people to click through from your site and buy something—pretty simple!

8) Rent Out A Room In Your House

Renting out a room in your house isn’t easy money—but it is passive income. Depending on where you live, finding a tenant who’s willing to pay rent can be tough, but it gets easier over time as you become more comfortable with short-term housing and trust that yours will be taken care of when you’re not home. The best way to start with renting out rooms in your home is check out our full guide for everything you need to know!

9) Create A Membership Site

One of my favorite ways to make money online is by creating a membership site. Membership sites are a great option if you want more freedom and don’t want people advertising in your face all day. Instead, you can create content, put it up on your site and then use free marketing tools to help spread that content around for you! Successful membership sites can be very rewarding because they build up passive income over time.

10) Look For Other Passive Income Opportunities

There are many ways for you to make passive income, but one of them is a real estate investment. It isn’t easy and it does require you taking some time out of your day to maintain your property, but with time and proper care, there’s no reason why you can’t have an investment property pay off in no time! This isn’t something that can happen overnight. It takes time, money, research and patience.

If you find this article intresting then We have 7 Income Streams You Can Create to Generate More Money.