When Your Work is NOT a Stable Source of Income
How lucky AND industrious you are if it does. But what if something came up and your current salary is suddenly not enough? There are two ways to get around this problem:
1. Be painfully frugal to make ends meet with your current job’s salary.
You get rid of your impulsive shopping trips and lunch outs. You now choose Vaseline over L’oreal; Nescafe over Starbucks; electric fan over AC unit; etc. You get the idea. AND/OR…
2. You look for another source of income.
You either start asking your family and friends if they know of any part-time job that you can juggle with your current 9-to-5, check online job listings or Google part-time jobs Pampanga, Manila or anywhere you are.
Doing either of the two or both of those options, which is more advisable, may be easy for some but definitely difficult for many – like me.
It can be very stressful and time-consuming.Â
So how do you avoid get stressed by looking for extra sources of income when you need it most? Here are some helpful tips:
1. Maintain a passive source of income.
Ok, I’m not offering you any business opportunity scam here. From your hobbies, you can easily find an extra source of income that does not need you to sell or do too much activities like you would for your regular job. If you are often online, why not make the most out of it and profit from the Internet. Do you like what I’m doing in my blog? You might want a blog for yourself, if you are passionate enough and can communicate well your thoughts, you can make money from a blog. IF you’re so good a writer and you are an expert on one field that not too many people have written a book or an e-book yet, get your creative juices aflowing and create an ebook that you can self-publish. If you have a digicam, take photos and set up a photoblog using a photoblog-friendly Wordpress theme, not a Flickr account.Â
2. Find online jobs that you can do during your free time.
Part-time jobs abound if you are Internet-savvy. You can do general transcription at home, do virtual assistant jobs, web designing, etc. All of these you can do in the comforts of your home if you have the skills and time. Just know where to find them.
3. Improve your marketing strategies.
If your main source of income is doing contract work and you’re doing any of those jobs that I have already mentioned, and you’re only have low cashflow days, it’s high time to amp your marketing. Best ways to market your services? Blogging coupled with newletter updates, article marketing, networking, forum participation, podcasting (which I haven’t done yet but many attest to be very effective), and business cards. Â
Always prepare for the worst and use up all the sources that you can get. Learn new skills if you can so you can improve your marketability.
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Apple Door Says NO to Bundy Clocks » Reminder: Working from Home is NOT for Everyone said,
July 28, 2007 @ 6:55 pm
[...] I know a lot of people who will definitely find it easy to find home based employment arrangements or get into a home business. But they just won’t do it because it doesn’t complement their personality or because of any other reasons. One of those is my close friend who has just finished her masters degree because she so loves her job, which happens to be a home-based job. I’ve been talking her into joining the home based working wagon but she just won’t because it’s not her style, she’s the life of the office and she’s scared of the instability of the industry. [...]
Apple Door Says NO to Bundy Clocks » Tell Me What Tuesday: What is Your Emergency Source of Income? said,
September 11, 2007 @ 12:09 pm
[...] Although fortunately I haven’t yet encountered too critical business downtime (crossing my fingers really tight), I’m always maintaining passive sources of moolah, such as this blog, just in case my current money-maker stops on being good to me. [...]