Knowing how to make money without a job is essential knowledge in today’s world. You can be laid off at any moment, and there is no security with a job. Besides that, creating a source of income that isn’t dependent on you actively working is something worthwhile to strive for and can make your live much easier once established.
There are numerous ways to make money without a job. Each method requires research, work, skill, and a large amount of effort if you hope to make a buck. Believe it or not, but there are no “get rich quick” schemes that actually work. There is no such thing as something for nothing and that holds true with making money.
The Best Ways to Make Money Without a Job.
The following methods are the very best ways to make money without a job. Pick and choose something that calls out to you and go for it. Slaving away at a job for decades is no way to live life.
Build a Business
The number one way to make money without a job; become an employer. Build some kind of business that will be able to provide you with ample money without you actively working. Hire a few employees to do the dirty work for you and watch the cash pile into your hands.
The benefits of an established business include:
- Making money without actively working.
- Making all of the decisions.
- Being able to sell the business for profit later.
- Being able to expand and generate even more cash.
- Taking days off as needed and without someone else’s permission.
“Sounds great but what kind of business can I start?”
Be creative. Do some research, check out your local businesses and find a niche to settle in. After that find a way to exploit that niche for profit.
Here are a couple of basic business guidelines to follow.
- Supply and demand. The basic economic law that should always be obeyed. Find something that is in demand and then create a supply for it. If there is no demand for your goods or services you will have no customers, that is the reality. Study your field carefully and don’t start-up a business that is doomed to fail from the start. No one will buy something that they don’t want, no matter how good it is.
- Research. Know your field, know the kinds of customers that you will be dealing with, know everything you can about starting a business and your chosen field of expertise, because that’s what you need to be: an expert. People go to experts not amateurs. My martial arts teacher is a 10th degree blackbelt who’s been studying his field for over 50 years, not a 30 year old hipster who just got his certification. Make yourself an expert in your niche and your business will thrive.
- Know your location. Your jurisdiction is important, if people in your community do not spend a lot of money on eating out, then a restaurant business may not be the best option. If they are old fashioned and enjoy horseback riding a stable might be a good investment. Know your community and how they spend their money.
Story: My neighbor recently started a truck cleaning business to supplement his job’s income. If he can make good money off something like that then what’s your excuse? Heck you could even sell gourmet cakes for weddings, parties and whatnot. There are hundreds of business options out there, all you need is some creativity and imagination to start one up.
Starting a business takes quite a bit of work at the beginning. It may take months or even years for things to get easier, but eventually they will. Once you are making some decent profits you can hire other people to do all the jobs you don’t want to and voila, you are making money without a job.
If you get tired of your business, or don’t see it doing well in the long run, just sell it for an ample amount of money and start another business. The choices are endless and they all end with you making money without a job.
There are plenty of money making opportunities on the internet. There are hundreds if not thousands of people who make a living off of YouTube, E-bay, Craigslist, E-Junkie, affiliates and whatever else. Starting up a website is also excellent way to supplement your other sources of income and can cushion you in case your other sources dry up.
Who makes the highest amount of money on YouTube? entertainers. YouTube pays per view and also pays for the ads that they can show on your videos. If you have a charming personality and a knack for entertaining people you may consider using YouTube as a means to make money.
There are hundreds of people on YouTube who generate more than $100, 000 a year just from posting their videos online.
Take this fellow called Elliot Hulse as an example. He runs his own gym, he sells fitness products on his websites, he sells self-improvement books, he makes YouTube videos where he provides very useful information (for free) which in turn serves as free advertising for his products as well as makes him a quick buck from his views and from ads.
Making money from YouTube is not easy. You have to be professional, you need professional equipment and need to create a persona that people want to watch. Your content should give people a desire to watch more from you, that is the key to success on YouTube.
If you can accomplish all that, you can make a good income off of YouTube, heck I know a guy who makes over $500 a month from League of Legend videos. If he can make money from something as silly as that then imagine what you can do.
Selling Goods or Services Online
You can buy low on E bay and sell high for profit, the same with Craigslist. You can hop onto Elance and become a freelancer and work on your own. If you know a thing or two about website design you can start up your own little website building business. If you know about coding and software design you could create WordPress themes, plugins, iPhone or Android apps and sell them for profit.
On the internet you can:
- Provide information
- Be a freelancer
- Provide some kind of service
- Write Books
- Be an affiliate marketer
- Create products
I am of the strong opinion that any man looking to make money without a job should be on the internet. Just remember the golden rule of supply and demand, if there is no demand for your niche you will not have any business, no matter how good your product or content is.
Be a Middle-Man
Buy cheap from the company, sell expensive to the consumer.
Setting up an online business as a middle man is excellent. You get automatic requests to buy products, you then send an order to the manufacturer and then ship it either to your own warehouse (or home) and then to your customers. This strategy can even be used on E-Bay to a degree.
Other Ways to Make Money Without a Job
If you are great at something, and if there is a demand for whatever that is, you can make money from it. Period.
Take the fellow who owns a martial arts studio that I went to. This man hired other instructors to teach for him, a lady to manage his finances, and even brought in a whole other school into his studio, paying him 50% of all their profits. He also owns a real estate business on the side and who knows what else.
That man is a regular entrepreneur. He generates thousands of dollars from the martial arts studio without having to do much of the dirty work besides showing up every once in a while. The real estate business packs on even more money for him.
He’s making money without a job, and if he can do it anyone else can do it. I may also want to add that he is one of the happiest men that I have ever met. Always walking into his studio with a big smile, unlike most officer workers who frown 24/7.
The Importance of Making Your Own Money
When you make your own money, you get to see what you’re really made of. You have to teach yourself how to manage money, how to deal with people, how to bounce back from failure, how to experiment and how to lead. Making your own money is living in the real world. Working for somebody else is nothing more than slavery with a petty allowance.
When and How to Start
Start right now.
Start first by learning, researching, and planning, if you fail to plan you plan to fail, and this failure will cost you. The number one thing you can do is get yourself into the mentality of an entrepreneur and a rich person. Average joe’s working in office’s don’t start businesses.
You must be reading. You are going to be reading books on how to make yourself better, how to improve yourself, how to think like an entrepreneur, and how to be a winner.
The most important books for entrepreneurship that I have read and that have made me who I am today are these six here.
If you want to go even further and put your mind and body in a position where you can accomplish anything, take a look at my own book here.
After you have learned, researched, and planned, you must execute. Taking bold action is what’s necessary in starting up a good source of income.
Then give it everything you got.
You can’t fail.