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Feb 23

4 Proven Ways to Make Money Without a Corporate Job

Reading Time: 3 mins

You’re unhappy with your current job, and you have no idea how to make money without working for a corporation. You’re not the only one. Millions of people work at jobs they hate and don’t know how to earn money without it.

Here are four examples to get you thinking about other options you may never have considered.

 

  1. Set Up a Distribution Business

Entrepreneurs who wish to control their destiny should consider starting a distribution company. This business model avoids the prohibitive costs and risks associated with opening a traditional brick-and-mortar store. As a result of the pandemic, distribution is particularly lucrative, as increasing numbers of customers prefer e-commerce shops over brick-and-mortar shops.

Although there are similarities between fulfillment centers and warehouses, they are two different business models. A fulfillment center offers both storage and order handling and it’s usually located close to large distribution hubs to provide faster customer service.

 

  1. Make Your Home Available to Camera Crews and Photographers

Productions such as films and TV shows as well as magazines often shoot in real homes rather than creating sets because it helps their budget, saves time on the set, and results in more realistic shots. Whatever type of home you live in, there are camera crews and photographers who want it to reflect their entertainment or advertising theme.

There are three primary things to consider before renting out your house for a film set or magazine background. Start by determining the value of your property for filming and photography. Next, determine the market rate for comparable properties in your area. Lastly, decide how long you want to rent your home. Do you want to rent it for a few hours a week or for a few days?

 

  1. Become an Investor

You might want to consider investing in the stock market, in cryptocurrencies, or in rental real estate.

 

Trade in the Stock Market

Invest in stocks, mutual funds, bonds, and other investments. Investing conservatively in the stock market over the long term can provide low risks and high returns. Another option is to become a day trader. You’ll make more money, but you’ll also take more risk.

 

Make Money in Cryptocurrencies

This is a risky but profitable venture. A logical starting point is to determine which cryptocurrencies are viable investments. Currently, there are many available on the market, and it can be difficult to determine which will give you the highest return on investment. Choose one that has a proven track record and has been around for a while. After you’ve selected one you like, decide how much money you wish to invest and how much risk you’re comfortable taking. 

 

Invest in Rental Real Estate

You can invest in rental properties in many ways. You could rent out a property, invest in a company that buys rental properties, or invest in a fund that focuses on both residential and commercial properties. If you want to buy a rental property, find the right one first. Search for homes or apartments that need repairs but that can be rented quickly. Make sure they are close to public transportation and schools.

 

  1. Turn Your Hobby into a Business

What if you could make money doing what you enjoy? There are many forms of creative expression that give us pleasure, from writing to music, from singing to dancing, and from video games to board games. A hobby can provide extra income in a variety of ways. For instance, you can sell crafts on Etsy or start a blog about your favorite subject and monetize it with ads or affiliate links.

 

You Can Quit Your 9-5

It’s possible to earn a comfortable living without having a respectable job. Plenty of people make a decent living without regular work. Starting your own business, renting an asset you own like your home, investing in a market, or monetizing a hobby can all be ways to quit working for someone else.

 

Disclaimer: MoneyMagpie is not a licensed financial advisor and therefore information found here including opinions, commentary, suggestions or strategies are for informational, entertainment or educational purposes only. This should not be considered as financial advice. Anyone thinking of investing should conduct their own due diligence.

 

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