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Posts Tagged ‘make money’

Most of us employees would like to think of a good means of having supplementary income that would make us wealthier. The income from your jobs is called ‘active income’ in which you use to buy your needs ideally. Those that are from your ‘passive income’ should be allotted to buy your wants. Some examples of passive income would be the rental income that comes from your apartment, interest income you earn from your investments.

Well, for starters, you should learn how to earn more so you can use this to source your Passive Income builder.

Here are some tips on how you can earn your extra money while working as an employee:

1) Get some success tactics

Most books offer and e-resources offer you several opportunities be it business prospecting or just a few tips on how you can make more money. You wouldn’t want to start without some advice from those who had their share of experiences.

• Entrepreneur (magazine, P125/issue) offers you lots of opportunities in making money. You can also visit their website @ www.entrepreneur.com.ph



• Start Your Own Business (magazine for US residents). Website is www.sbomag.com
• Investment and Livelihood tips, information and resources for entrep-minded people. Website is www.mixph.com (EntrePinoys atbp.)

2) Go Franchising

Franchising a brand or a business already comes with the licensing. The good thing when you franchise is you readily have access to the suppliers of your products/services; plus – you’ll be given training and support. I’ve seen a book in National Bookstore, I think it’s Franchising 101 and it will list all the brands/businesses together with the initial investment required and the contact details. If you’re going low, some food carts are available @ P15,000.00 franchise fee.

Here’s a website with a collection of franchising opportunities available in the Philippines and in other countries:

• www.rkbusiness.com (Franchising.ph)
• Want to franchise reputable companies and brands? Go to www.philippinesfranchiseassociation.com (This includes Chowking, Fruit Magic, Goldilocks, Greenwich, McDo, BAYO, Penshoppe, Teriyaki Boy, etc.)

Remember that the key is always a good location.

3) Start your own business

If you don’t want to set on franchising because you know you can save a lot when you start your own business, go on. Remember to choose a business that you love doing. Create a business plan, study your competitors and customers and think about how long your ROI would be. Some resource/s that may inspire you:

• Go Negosyo (book)

4) Market your Face

Only a few has a really pretty face and when you do, you can use it to make money. You can target the advertising world so you can go modeling for a brand and the list goes on…

5) Use your Talents and Skills

Use what you know and share it with others. If you’re good in Taekwondo, why don’t you try and teach the kids. If you know how to play piano then you can teach on weekends. Also try tutorial lessons if you have the patience and the charm with children or if you’re good at cooking/baking, then create a list of your yummy products and distribute this among your friends which can be a good start or you can post the pictures online.

6) Make Money Online

Sell your stuff at online stores like e-bay and sulit.com.ph; Use your blog for paid ads and links. Create paid posts to review a product.

7) Offer Loans

You need the right amount of capital to start a loaning business. This also comes with a risk so get prepared to be left by the opportunistic borrowers.

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