earned $115,000 at age 26

Making more money in your 20’s is very important when trying to build wealth and improve your financial situation for your financial future. Earning more and growing your salary is all about providing more value over time to your customers, clients and coworkers. In this post, you’ll learn how to make 6 figures before age 30 and receive many ideas to grow your income over time.

To improve your financial situation, you can either make more money, or save more money.

While cutting expenses is great, and will probably work for awhile, it will only get you so far. Saving money is not enough to build a financially secure life.  If you’re going to become financially stable, you need to find a way to increase your income.

Crushing your 20’s can lay an incredible foundation for future success. By earning more money in your 20’s, you can create an amazing financial base for your future goals.

Are you looking to make more money? I want to help you grow your income and become financially successful.

If you are an income minded millennial, and a young adult focused on making more money, you NEED to read these tips.

In this post, I will be sharing with you tips to making more money and becoming a high earner in your 20’s. I’m going to look to answer your money making questions and provide you answers on the following topics:

Let’s get started with why focusing on value will help you increase your worth, and allow you to raise your level of pay.

Increasing your income at your job and in your career is possible over time, but will require patience.

Becoming More Valuable Will Lead to Increasing Your Income

“Try not to become a person of success, but rather try to become a person of value.” – Albert Einstein

Increasing your income, salary, hourly rate, and earnings comes down to a simple variable: value.

If you can create and provide tremendous value and results, you WILL grow your income.

make more money

What is value?

For getting paid to do work, value is the monetary and assessed worth of a service.

Becoming more valuable, and increasing the worth of your service go hand in hand. Creating value in yourself, for an employer, or for others is not too complicated, but it can be complex.

How can you create value for others, or an employer?

There are many people we interact with on a daily, weekly, monthly, etc. basis.

With each person we interact with, there is an opportunity to either add to that person’s life, subtract from that person’s life, or leave that person’s life be.

Think about this for a second: how would you feel if you could add to every single person’s life you came across. Wouldn’t that be wonderful? If everyone walked away from interactions with you saying, hmm, I really like that guy/gal.

It’s not going to be easy to always be providing value. However, through becoming a servant and giver, you can receive anything you want in the world.

Value in the business and money making world is a combination of skills, likability and experience.

Becoming a person of value and putting the best version of yourself into the world will lead to a higher wage.

financial decision makingHow to Create Massive Value at Your Day Job

Increasing your income at a day job comes from 3 things in particular:

  1. Providing Value to the Entire Department through creating Efficient Solutions
  2. Securing a Job in a Highly Visible Department at a Reputable Company
  3. Working on Communication and Leadership Skills

Let’s discuss more in depth each action to help you understand examples for growing your income.

1. Create Solutions which Benefit Everyone in the Team

“You can accomplish anything in life, provided that you do not mind who gets the credit.” – Harry Truman

Some work situations are difficult to navigate. Many people are trying to back stab you, and nickel and dime their way to the top.

Backstabbing is a not a sustainable strategy.

Instead, I look to GIVE, and provide solutions which make processes more efficient. This will help the company save more, allow others to work less on busy work, and more on important work.

In my first year in my current role, we needed numerous codes to run testing on our models. Many of my teammates had their own code for these models, but there was not a unifying set of codes which could be used across all models. In addition, we were interested in adding a few more tests which would require new code.

I was up for the task.

One thing I’m very good at is creating scripts which are usable for multiple situations. I ended up adding 4 different sets of code for the 10 team members over a 3 week period, and became a friend to everyone.

I ended up helping everyone and ended up saving potentially 10-20 hours per person.

Being a servant to your team and wanting to help others is definitely a recipe and strategy to follow to be more successful in your career. I look to serve others and add value in any way I can, and I hope you will as well.

Now, my managers have shown their appreciation for my work through raises and promotions.

Projects like these have definitely helped my case for a higher salary over the past few years.

2. Work at a Great Company in a Highly Visible Department

My current job is in a department which gets a lot of scrutiny from various regulators at the federal level. The department I work in builds statistical models (different varieties of regressions), and requires skilled programmers and statisticians to create robust models.

In the banking industry over the past 10 years, there has been an increased need for compliance in a variety of areas. Combining the high scrutiny with required programming skills, you get a very specific skill set with few people fitting the mold. This allows for a higher level of salary across the department.

In addition, the company I work for is a Fortune 500 financial institution.

All of these factors can contribute to a higher salary over time.

Working for a company which is not growing, or does not provide you opportunities for more responsibility, will, unfortunately, limit your earning potential over time.

working on communication

3. Focus on Communication and the Soft Skills

A few years ago, there I was, age 24 and sitting in a room of 30 people presenting our models to regulators.

To my right, I had a few team members – some senior analysts and managers – who weren’t presenting.

I’m not bragging, I’m telling you the raw facts of the situation. I was chosen by the head of our department to present because of my communication skills. I’m able to translate technical concepts into every day speak, and help others understand more easily.

I’ve been working on my communication skills for a number of years – through everyday conversation, by creating this website, by podcasting, and by learning about interactions and conversation over time.

Communication is only possible if the other person understands what you are trying to tell them. Focusing on the other person is of utmost important in communication.

To conclude on this point, through increased responsibility and solid communication skills, I’ve been able to increase my value and increase my salary.

Now, I will share with you 8 important skills you can learn to help grow your value and increase your salary.

10 Important Skills to Learn to Grow Your Salary

To grow your income and increase your wage at a job, there are many skills, thoughts and abilities you can work on and improve upon.

However, through my experience and learning, there are 10 important skills which have lead to my success. Making more money at your job is possible, and some of these skills will be good to learn, while others might not be as important.

These 10 skills are broad, but can certainly be applied to other disciplines and fields of work:

  1. Communication
  2. Discipline
  3. Teamwork
  4. Big Picture Thinking
  5. Leadership
  6. Sales
  7. Customer Service
  8. Time Management
  9. Problem Solving
  10. Job Specific and Technical Skills

Why are each of these important? Below is a description of each skill necessary for increasing your income, and tips on how you can increase your abilities.

1. Communication

Communication is arguably the most important skill to have and focus on growing in a person’s life and career.

In every day life, we interact with many different people.  If you can’t communicate your thoughts and feelings in a coherent way, you will struggle.

Similarly for your career, written and verbal communication is so critical.

Being able to listen to instructions and ideas, and then go out and execute or instruct others effectively is part of almost every job out there.

As I discussed above in my income story, when I was 24, I found myself in a conference room full of people presenting because I knew the material, was confident in my understanding of the material, and could clearly express what was necessary.

Even though there were senior members in my department around the table who knew the material as well as I did, I was chosen because I was confident and clear in my verbal communication.

I’m a natural introvert, but I’ve improved my communication over time.

A few ways to improve your communication include:

  • Writing in a journal or blog
  • Recording yourself speaking on a topic, start a YouTube channel, or start a podcast
  • Reading books on communication and practice with friends out in the world
  • Joining a local Toastmasters club

Communication is so critical, and it’s essential for success in the world.

2. Discipline through Consistent Efforts

Success is the culmination of days, weeks, months, and years of work.

Being a servant at work for a month, and then taking a month off will not lead to increased pay. Working on yourself and taking a break won’t lead to self improvement.

Showing up day after day, week after week, and month after month, will lead to getting what you are looking for: more responsibility, more knowledge, and more pay.

Consistency and discipline are things we as humans know what to do, but sometimes lack.

Consistent daily efforts added up over time WILL lead to success.

Implementing a strong work ethic and mindset geared towards doing a little bit each day can get you on the path to increasing your skills and income.

3. Teamwork is Critical for Success in the Workplace

Being able to work on a team is another skill employers want.

Being an effective team player means being able to work with people from diverse backgrounds to best get the job done.

A good team player is reliable, genuinely committed to the task at hand, is respectful of others and is always ready to help.

A team player doesn’t care about getting credit, being right or “winning” – they only care about how to best get the job done.  Doesn’t that sound like an employee you’d want to hire?  😉

patience at work4. Big Picture Thinking

Big picture thinking is a rare skill. If you want to connect with your manager at a higher level, big picture thinking is a must.

Big picture thinking is the ability to take in many different pieces of information, understand how all of the pieces of information work together, and then provide a strategy to produce a favorable outcome.

Maybe, you have a strategic role that requires big picture thinking and you are fine in this area.

But, many people are still in the lower levels of an organization. It’s a difficult place to practice big picture thinking on a daily basis if your primary job functions are relatively static or routine.

However, through playing strategy games, learning about strategy, and taking a step back from the detailed processes can lead to improved big picture thinking.

Big thinking can bring big results!

5. Leadership

As with being a big picture thinker, leadership is a quality many want but few posses.

But leadership is an essential skill to have in business, because leaders:

  1. Create an inspiring vision of the future
  2. Motivate and inspire people to engage with that vision
  3. Manage delivery of the vision
  4. Coach and build the team so that it is more effective at achieving the vision.

A true leader is one that encourages us to do our best, helps us when we need it, is honest, trustworthy and confident.  A leader knows when to push and when to pull back.  They inspire us to do our best and their vision takes us where we want to go.

A good leader is indispensable to any organization.

6. Sales and Marketing

Even if you don’t work on the revenue side of a business, learning some sales and marketing strategies can benefit you in a few ways:

  • Getting buy in on an idea or project from your managers and co-workers
  • Raising awareness effectively of a new project or feature
  • Selling your abilities and skills to get paid your worth

If you understand sales and marketing, you can apply sales concepts into your work and watch as other people start to buy into what you are saying.

Learning sales and marketing can be done through reading different books, watching videos, or trying to sell a product yourself!

As a friend once told me, without sales, you have no business! With sales, anything is possible!

7. Customer Service and Likability

At work, your customers could literally be the customers of the business, but they also could include your managers, regulators, auditors, other members of the organization, or anyone you come into contact with on a regular basis.

When you walk into a store, how do you like to be treated?

I’m guessing you’d like to be treated with respect, to have your questions answered in a clear and concise manner, and get on with your day stress-free.

Again, this isn’t rocket science, but if you don’t have much experience, start trying to become more friendly to people around you. Once you are on the job, you can continue these practices.

Likability is a huge component in raising your value as an employee or worker. Working on your customer service skills will lead to increased likability, and will help with increasing your pay.

8. Time Management and Planning

Meeting deadlines and expectations is a necessity in the world – but some people still don’t prioritize time management as much as they should.

Growing up, time management was stressed to me as important, but my parents seemed to dictate what I did and when around their schedule.

When you look to increase your income, all of a sudden your life becomes a balancing act between your day job, your side hustles, your personal development, your family, your friends, exercising, and relaxation time.

Being able to balance these things requires higher level thinking (something we just talked about), as well as the ability to prioritize and execute on your plans.

9. Creativity, Design and Problem Solving

A skill listed on many job listings is problem solving.

In jobs which are straightforward and grunt-ish, it’s very difficult to work on problem solving on the job.

However, for business owners and managers, thinking outside the box is a must. If someone can help solve a problem, they are instantly more valuable to you.

A few pieces of problem solving include creativity and designing a solution for the situation at hand.

Learning how to problem solve can come through playing games, doing puzzles, and studying strategies for problem solving.

Becoming more creative and working on your design skills can come from TRYING things. If you want to be UNIQUE and ORIGINAL, you need to triple your output.

It took Thomas Edison 1,000 attempts to make a light bulb. Do you think you’ll get it right on the first try? I know my first attempt at creativity was a fail…

Becoming a better problem solver will lead to increased value and over time, more pay.

10. Job Specific Knowledge and Technical Skills

The 9 skills I’ve listed above can help in many situations, but ultimately, the job you do will have some job specific knowledge and skills required.

The knowledge needed will depend on your job. This is obvious, but worth mentioning.

If you want to be a doctor, you’ll need to go to medical school. For a lawyer, law school.

For other roles, like becoming a electrician, carpenter, or plumber, a trade school, getting the appropriate certifications or becoming an apprentice can help you learn the necessary skills.

In many office roles, programming and the ability to make processes efficient is a great skill to add to your talent stack.

The Microsoft suite has the ability to automate processes with code (VBA) or with features (mail merge and Excel functions). You can learn how to use Microsoft Excel better with a site like Excel Easy, and learn pivot tables, VBA, or just basic functions to help make things more efficient.

Something I did this past quarter was automate reporting for a manager in our department. She was spending 10+ hours formatting charts and tables after manually copying and pasting in data (what a headache!). I added a few buttons to the Excel sheet, wrote some VBA code, and now, the process takes less than 5 minutes once the data is right.

If you don’t use Microsoft products, then learning how to code might make sense.

At my day job, I use SAS, Python and Javascript – these I either learned on the job, or at home by using sites such as Code Academy or learning from YouTube. R, Java, C, C++, Ruby, or C# might make sense to learn depending on your goals and wants.

Over time, adding new skills to your talent stack will lead to increased earnings. These skills can come from certifications, doing side projects, or getting more formal education.

Create Multiple Income Streams to Increase Your Earnings

Unfortunately, increasing your income at a day job can only happen so fast. There are budget restrictions, managerial approvals, and advancement structures which get in the way of growing your wage.

For example, in many jobs, there are strict time tables for advancement. After 2 years, you can become a senior analyst. With 5 years of experience, a manager. After 8 years, a senior manager.

Even if you have the ability to become a manager after 3 years, your pay and responsibility will be capped.

Fortunately, through side hustling and making money on the side, you can grow your earnings this month!

Side hustling is tough and not for everyone. However, if you are looking to grow your income fast, then side hustling is a must!

Below, I’ve created a list of side hustle ideas for your to possibly start to make more money this month.

make-more-moneyThousands of Side Hustle Ideas to Make More Money

There are thousands of ways to make money in this world.

Finding a side hustle which utilizes your existing knowledge is a great way to make money.

Below, I’ve listed a number of skills and interests which can be monetized. Maybe one of these will fall in line with your skills and you can start to work to monetize your life.

I hope that with the list below, you will have some ideas for earning some extra cash.

  1. Tutor Students
  2. Help with Yard Work
  3. Edit Audio or Videos for Others
  4. Build Furniture or Make Household Items
  5. Referee Sporting Events
  6. Start a Business
  7. Help Others with their Businesses
    • Bookkeeping
    • Web Design
    • Social Media Marketing
    • Content Creation
    • Graphic Design
  8. Rent Out Your Spare Things
  9. Sell Your Stuff and Become a Merchant
  10. Help Move People Out of their House
  11. Edit Resumes
  12. Invest in Income Producing Assets
  13. Deliver Things in Your Car or Bike

Below is a description of each of these side hustle ideas. Maybe one of them will catch your interest and be the side hustle for you!

There are so many ways to make money in this world!

1. Tutor Students

If you have knowledge in math, writing, science, or history, you could become a tutor for high school or college students.

Many students need help with catching up to other students, or getting to the next level, and tutoring can help fill those gaps.

2. Help With Yard Work

Many people don’t like doing yard work – especially when it’s just snowed ten inches and they don’t want to go outside!

Getting outside and shoveling or mowing people’s lawns can earn you a decent amount of money for just a few hours of work.

When I was younger, I mowed 3 yards a week and was paid $20 for each lawn. For $60, I worked about 3 hours a week. Again, I was able to get some exercise and help out in the community. If you can handle some extreme conditions, mowing, raking leaves, or shoveling could be for you.

3. Edit Audio or Video

Video and audio quality is so important for businesses looking to attract views and listens online.

If you know how to do sound quality, video production, or sound mixing, you could secure a fun side gig helping others make amazing videos and sound clips!

4. Build Furniture, Do Repairs, or Make DIY Household Items

If you are handy, you could custom build things for others, or help friends with repair projects for pay.

Maybe you are someone who is DIY obsessed. If you love doing crafts, you could make custom crafts and sell these at local craft fairs or open an online store.

There are so many things people need help with around their house, and also, people love custom and handmade products.  You could fill a need with your skills and abilities.

5. Referee Sporting Events

When I was in high school, I refereed elementary school basketball each weekend during the Winter.

For an hour of work I got paid $15 a game, and got some exercise as well.

If you love sports, this could be an easy money maker for you – a few hours a week in exchange for some exercise and helping out your community.

6. Help Others with Their Businesses

Are you good with Excel or have a knack for social media? Business owners are paying top dollar for virtual assistants, marketers, and other helpers to grow their business.

Offering your skills for a certain hourly percentage could bring in some serious cash.

If you want to work online, I’d recommend looking at Fiverr, Upwork, or Freelancer.

Below are 5 side hustle ideas for helping small businesses:

  1. Web Design
  2. Bookkeeping 
  3. Social Media Marketing
  4. Content Management
  5. Graphic Design

A. Website Design

make money on the side

Every website that is created on the internet utilizes HTML, CSS, and Javascript to present data and content to the end-user. Learning how to use Javascript and other programming languages can be very lucrative for your career.

For many websites, the goal is to sell the user on some product (information, a physical or digital product, or a service).

There is a lot of technical information you need to know, but website design is a skill not many small business owners have. With that said, if you are a small business and you don’t have a website, good luck!

Small business owners are always looking for an edge over their competition. A nice looking and functional website can be the difference between a deal and a lost deal.

Web design could be a great side hustle for you if you enjoy programming, design or marketing, as these skills all lead to a great looking website!

B. Bookkeeping

When I was in college, I worked as a bookkeeper for a hotel management firm. It wasn’t sexy work, but it was extremely necessary for the business.

All small businesses need to have tax records, receipts, and documentation on their various financial activities, and many small businesses owners do NOT want to do this work.

It is tedious, it is a grind, but it is completely necessary and really only requires organization, data entry skills, and some finance and accounting knowledge.

Bookkeeping would be a great side hustle to get into for someone who is currently, or is looking to go towards, working in corporate finance or accounting in the future.

C. Social Media Management

Similar to websites, social media is another one of those must haves for small business owners. If you do not have a social presence, then the business brand will potentially look less desirable.

There are many different social platforms, each with a unique strategy and feel for connecting with potential customers and users.

The main social media platforms I will focus on discussing here are Pinterest, Facebook, Twitter and Instagram.

Managing the social media accounts for a business involves coming up with a strategy for engagement, scheduling out posts and content on the different platforms, interacting with followers and potential customers, messaging any potential partners, managing paid advertising campaigns, and executing on the engagement plan.

Many small business owners want to focus in on what they are good at, and social media might not be their expertise.

Roles that could come from this idea are Facebook ads managers, Google Adwords Manager, and Twitter and Instagram profile building.

Social media management could be a great opportunity for someone who is talented at marketing.

D. Small Business Content Management

Going back again to how important a strong website is, content is king when it comes to showing your brand is knowledgeable and worth trying.

Many small business owners are not experts in writing content, or determining which content is best for their audience.

A small business content manager is responsible for helping manage the existing content on the website (optimizing and cleaning up old posts), ensuring new web pages are strong, and communicating with all authors, editors and social media managers to make sure the message is consistent across platforms.

Some of the roles that come out of this idea could be website manager (webmaster), content site auditor, editor, and writer.

If you are good at writing, or enjoy some of the technical aspects of editing and formatting, content management could be a great side hustle for you.

E. Graphic Design

Every website needs a logo, every social media platform is image heavy, and how well printed and digital content is received is based on how visually appealing it is.

If you are good at graphic design (either in Canva, Photoshop, Illustrator, etc.), helping small businesses with their image creation could be a decent way to earn extra money on the side of your day job.

I’ve paid $20 for logos in the past, and now that I’ve also created a few logos myself, I could imagine myself being able to do 1-2 logos an hour.

If you can get involved with managing multiple pieces of the business and become responsible for a number of designs, this side hustle could easily scale up to a handful of hours per month.

There are so many ways to help small businesses out. Searching and finding what you will like to do most, and how you can be helpful can be done through communication and networking.

Now, back to the non-small business helping money makers.

money making7. Rent Out Your Spare Things

Over the past few years, I’ve made over $40,000 in rental income from house hacking. In July 2015, I bought a house with two spare bedrooms. Each of these rooms I rented out for $600+, and now, have made over $40,000 over time.

House hacking, the act of renting out your spare rooms to monthly renters, or to people using a service such as AirBnb, can be a great income generator. If you aren’t using those rooms, why can’t someone else use them and pay you for it, too?

There are also ways to rent out your car and other things, like appliances, storage, and parking.

These rental options are great since the incoming money is passive income once set up!

8. Become a Merchant and Sell Your Stuff

Over the years, people tend to accumulate stuff – I know I have. This stuff sometimes will end up sitting on a shelf in your basement or closet for years, never to be used.

Why do we hold on to these things?

Selling this stuff will free up space, and will put cash in your pocket.  It’s a no brainer.

Don’t have stuff to sell?  Buying under-priced things at garage and estate sales and flipping them on eBay has 8. proven quite profitable for many people.

Becoming a merchant sounds intimidating. However, it can certainly be done by going to thrift shops and finding under-priced items you can flip for a profit.

9. Start a Business

Coming up with something simple to sell isn’t that hard when you fully immerse yourself in the product development and brainstorming process. Satisfy the needs of others and you’ll be able to make money.

There is no guarantee of making money when starting a business, but it is a possibility if you have the right product, connection and skills.

10. Help Move People Out of their Homes

If you are physically up for it, moving people out of their homes is a great way to pick up some extra cash. It’s definitely hard work and not for the faint of heart.

It does pay quite well though – in college, I had a few gigs with my friends moving people, and we charged $15 an hour.  After the tip, it was closer to $25 an hour!

passive income11. Invest in Income Producing Assets

Investing in income producing assets should help boost your income.  DIY minded people who are handy can buy real estate in a nice location, fix up whatever is necessary, and rent the property for a monthly income.

Real estate is just one of the many income producing assets a person can get involved in – and the hours associated with this side hustle is typically quite low.

12. Deliver Things in Your Car or Bike

Driving for Uber or Lyft, or making deliveries of food on the way home or on the way to your destination for Doordash or Postmates are all effective ways to multitask and earn some money.

There are so many ways to earn extra money through hustling on the side of your main occupation or job.

Do any of them seem interesting to you?  Start with one or two and see how it goes – you may find yourself earning enough income to one day quit your day job!

As I mentioned above, there are so many ways to increase your income and earnings through side hustling!

13. Edit Resumes

Helping people with their resumes and job searches by reviewing and editing their resumes could be a great side hustle.

If you have experience as a hiring manager or interviewer, this would be a great side hustle for you.

Now, let’s talk about some real world examples of side hustles which I’ve featured here on this blog.

Real World Examples of Side Hustlers and Side Jobs

On The Mastermind Within, I’ve had the pleasure and honor to feature some amazing side hustlers in my Side Hustle Spotlight series.

These side hustlers are making great money on the side of their day job. Here is a list of the side hustle interviews I’ve featured so far:

Hopefully, these amazing interviews give you inspiration to start your own side hustle (and if you do, I’d love to hear about your side hustle!!)

Now, I have a few common income questions which I will answer before wrapping this post up.

Do Advanced Degrees or Certifications Matter for Growing Income?

Advanced degrees are quite valuable, for both personal development and career enrichment. By obtaining a graduate degree, you can expect the following:

  • Personal growth
    • You should grow intellectually, but through your experiences you might also enhance your emotional capabilities.
  • Wealth
    • On average – across employment fields and U.S. state lines – Graduate degree-holders earn about 30 percent more than workers with merely a bachelor’s degree. (I was able to increase my salary $20,000 through my graduates studies!)
  • Connections
  • Recognition
    • Those with graduate degrees often enjoy higher social status than others. Master degrees and Ph.D.s are prestigious and earn praise and respect as a result.

At the same time, you don’t necessarily NEED an advanced degree for higher income. It really is dependent on your GOALS and your dream job.

Some of the most successful people I know didn’t go to college. Other successful people I know have multiple degrees.

Real world experience and knowledge are what will make you valuable at the end of the day. If you can provide enough value, you can do whatever you want, and make whatever wage you want.

If an advanced degree makes sense for you, go for it! At the same time, you could reach your goals without one.

How Important is a Growth Mindset for Making More Money?

growth mindsetPersonally, I try to live my life with an abundance mindset. Living with a growth mindset can lead to amazing results.

Life is not zero sum: You can win, and I can win.

With an abundance mindset, I believe I can do anything in the world, become anything, and have anything.

With an abundance mindset, I know that you can improve our financial situation through increasing our income – there’s unlimited potential on the upside for income.

Provide value in places you haven’t provided value before and you will be compensated.

With a little more money each month, you’ll be on to bigger and better things.

There are billions and millions of dollars out there in the world today – do you think it’s possible we can skim a little bit off the top and make our financial lives a little better than the day before?

increase-incomeWhat Kind of Company Should I Work For to Increase My Income Potential?

Let’s be honest here: some situations have no ceiling and no chance for advancement. Part of emotional intelligence and being aware of your situation will allow you to realize this and get the heck out of there.

In my first role, I saw that it would take a while for me to gain the necessary skills to get to the next level. Even though they valued my work and I created some cool automation and Excel reporting, I didn’t fit in with the group’s vision.

I started looking after my first year, and found a job that had room for growth and the ability to advance in a shorter period of time.

During my second summer, I mentored an intern and this year, I’m leading a group of roughly 15 in learning Python and building multiple pieces of code to compare to our current production runs.

In my first job, I wouldn’t have gotten either of these opportunities. These opportunities have lead to more responsibility and higher pay.

If you value having a higher wage, then getting into a situation with opportunities for advancement, training and responsibility will be very beneficial for growth.

Next, I want to share with you a few books which have been beneficial for my income growth.

Resources to Further Your Personal Development for Income Growth

“Your level of success is rarely exceeded by your level of personal development, because success is something you attract by the person you become.”

Education doesn’t not stop after high school. Becoming a successful person and growing your earnings will require personal development.

Below are 7 books which have made a profound impact on my career growth, and have allowed me to increase my value and earn more money.

Skill with People, by Les Giblin

Your skill with people determines the quality of your social life, your business life and your family life. 

Interacting with other people is extremely important in today’s world. Communication is the #1 skill many employers and people look for (we discussed this above!)

To be able to navigate a variety of social situations – disagreements, negotiations, friendly conversations – is a skill we can all work on.

Skill with People, by Les Giblin, provides you with actionable advice to help you in your interactions with others.

Skill with People goes over many practical tips to dealing with people, ranging from talking to people, to making people feel important, to critiquing some successfully, to making a good impression.

Check out Skill with People.

The Slight Edge, by Jeff Olson

Humans are creatures of habit.

Every day, we make simple decisions: what to eat, should we exercise, should I call my parents, should I read my book, etc. Are the decisions you are making helping your life? Or are they detrimental to your life? Are they bringing you closer to your goals? Or are you still a long time away from achieving those goals?

The Slight Edge, by Jeff Olson, walks us through a strategy to achieve success in anything we want in life. Do you want to lose weight?

Well, first, you have to start. You have to be consistent. Small and simple daily disciplines will lead to massive success and happiness.

The Slight Edge will help you get to your goals and dreams.

Check out The Slight Edge.

Emotional Intelligence, by Daniel Goleman

What matters more for success, IQ or EQ?

Everyone knows that high IQ is no guarantee of success, happiness, or virtue. Until the book Emotional Intelligence came out, we could only guess why.

Through vivid examples, Goleman delineates the five crucial skills of emotional intelligence. Goleman shows how they determine our success in relationships, work, and physical well-being. What emerges is an entirely new way to talk about being smart.

The best news is that “emotional literacy” is not fixed early in life. Every parent, every teacher, every business leader, and everyone interested in a more civil society, has a stake in this compelling vision of human possibility.

Emotional intelligence is a piece of communication, the most important skill for success. Learning emotional intelligence is critical for increasing your value over time.

Check out Emotional Intelligence.

Stealing the Corner Office, Brendan Reid

Why does your co-worker who seemingly does less work get the promotion? What skills and strategies are they using which are helping progress their careers?

In Stealing the Corner Office: The Winning Career Strategies They’ll Never Teach You in Business School by Brendan Reid explores the dynamics of career advancement in Corporate America.

Stealing the Corner Office is a fantastic guide for advancing through the ranks in Corporate America. Reid, a seasoned executive, offers a collection of controversial yet effective tactics and strategies for people who want to learn the real secrets for moving up the corporate ladder.

Check out Stealing the Corner Office.

How to Win Friends and Influence People, by Dale Carnegie

One of the most influential books on personal development and human relations, How to Win Friends and Influence People is a must read.

For more than sixty years, How to Win Friends And Influence People has carried thousands of people up the ladder of success in their business and personal lives.

In How to Win Friends And Influence People, you will learn:

  • fundamental techniques in handling people
  • ways to make people like you
  • tactics to win people to your way of thinking
  • strategies to change people without arousing resentment

Check out How to Win Friends And Influence People.

Decisive: How to Make Better Choices in Life and Work, by Chip & Dan Heath

Decisive-How to Make Better Choices in Life and Work, by Chip and Dan Heath, is all about improving your decision making.

In Decisive, you will learn about the villians and common pitfalls many people struggle with in making decisions, and a framework to enable better decision making.

These villains are:

  • Narrow Framing – People naturally view a problem as “this or that”
  • Confirmation Bias – People naturally will seek information that support their beliefs and this tends to warp their understanding and perspective
  • Short-Term Emotion – People are influenced by emotions that will fade over time
  • Overconfidence – People generally will have too much faith in their predictions

Decisive will help you get past these villians and make smarter decisions.

Check out Decisive.

The Personal MBA, by Josh Kaufman

When Josh Kaufman was in his undergrad years in college, he had secured a management position at Proctor and Gamble by his second year. This position was typically reserved for newly graduated MBA’s.

After graduating from college, he considered going to get an MBA, but decided against it. He realized the return on investment would not be great – he already had a job that usually required an MBA. Instead, he set out to pursue self-education in business.

By reading and studying over 100 books in finance, accounting, management, people skills, psychology, etc., he was able to accumulate a vast amount of knowledge.

Through his learning, he created The Personal MBA, a book which covers all of the topics an MBA would cover for a fraction of the cost.

Check out The Personal MBA.

With these resources, you can learn and apply your amazing knowledge to reach your full potential, and earn more money.

Increase Your Income and Welcome Endless Possibilities

Over the past few years, there have certainly been many times where I was frustrated with my level of income, or lack of side income.

In 2013, my income was $20,000 – high for still being in school, but not where I wanted it to be.

In 2015, my income was $63,000 – high for 22 years old, but not where I wanted it to be.

I wanted more, and wanted it in those moments of frustration.

What I realized though is no matter how much I wanted something, unless I internalized those emotions and did something about it, nothing would happen.

I started focusing on what I could control: my thoughts and actions.

A few years later, I’ve improved my financial situation through improving myself, and have increased my income.

Reading books and blogs, watching videos, talking with successful people, learning, and then applying and trying things in the real world. All of these actions have been critical to my growth.

What did I learn about and then go out and apply? How to communicate more effectively, how to think a little bit bigger, and how to be consistent. I learned new programming languages, learned some marketing and web design, and joined different communities who needed help with different tasks.

Showing up is half the battle – I could have just as easily stayed at home, been content in my current role, and just met expectations. But, instead I made the choice to push the envelope and become better. But it wasn’t a one time choice; rather, a daily, weekly, and monthly choice.

Doing a little bit each and every day is so critical to working your way towards a higher income.

It will take time – patience will be required.

However, once you gain new skills, increase the level of your current skills, and provide value to the right people, the sky is the limit 🙂

I hope this post has been inspiring for you as an income minded millennial pursuing a higher salary.

Please let me know if you have any questions and how I can help you on your income growth journey!

How to increase salary. Six-figure salary. Make more money.
How to increase salary. Six-figure salary. Make more money.
How to increase salary. Six-figure salary. Make more money.
How to increase salary. Six-figure salary. Make more money.
How to increase salary. Six-figure salary. Make more money.
How to increase salary. Six-figure salary. Make more money.

11 Side Hustles To Make Extra Money

Side Hustles You Can Do To Make Money Every Month

How I Made Over $115k Dollars at 25


How To Earn Over $100,000 Dollars

A Comprehensive Guide to Earning More Money
A Comprehensive Guide to Earning More Money
A Comprehensive Guide to Earning More Money
success planning

Making more money in your 20’s can be a great way to jump start your financial foundation and create financial stability in your life. Come learn about 17 side hustles you can start in your 20’s to make more money.

There’s nothing more frustrating than working a 9-5 job and still feeling like you’re struggling to make ends meet. Or working in the service industry and feeling like you’re never going to get any further in life than you are right now. 

Thankfully, though, there’s a way to break out of that mentality and start digging yourself into a better financial position while you’re waiting for that raise you’ve been asking for. 

Side hustling. 

Side hustles are a great way to make some extra money and start saving for that dream vacation, or new to you car, or another great financial goal that you’re current income can’t support. And, they’re flexible enough to be done apart from your regular schedule so you don’t have to compromise hours at work to get things done. 

17 Side Hustle Ideas to Make More Money in your 20s

But not every side hustle is created equal. The goal of a side hustle is to make more an hour from your side hustle than you do at your regular W2 or contract job. 

Really dig deep into yourself and figure out which skill set you have that is the most lucrative. Finding a side hustle which utilizes your existing knowledge is a great way to make money.

There are so many ways to make money in this world!

Below, I’ve listed 17 side hustles which you can start in your 20’s to make extra money:

  1. Tutor Students
  2. Help With Yard Work
  3. Edit Audio or Video
  4. Build Furniture, Do Repairs, or Make DIY Household Items
  5. Referee Local Sporting Events
  6. Website Design
  7. Bookkeeping
  8. Social Media Management
  9. Small Business Content Manager
  10. Graphic Design
  11. Rent Out Your Spare Room
  12. Become a Merchant
  13. Start a Business
  14. Move People Out of Their Houses
  15. Invest in Income Producing Assets
  16. Deliver Things for People
  17. Edit Resumes

Let’s dig into each of these below:patience at work

1. Tutor Students

Tutoring students is a great way to make extra cash. Depending on your location and expertise, the more specialized knowledge you have the more you’ll earn, you could charge people between $50-$100 an hour to tutor. 

Or, try offering ACT/SAT classes during the summer. Parents will pay up to $300 a two hour class for their children to get better scores on those tests. It’s a great way to earn some extra money in little time. 

If you’re good with kids or enjoy explaining complicated concepts, this could be a good side hustle for you. 

Otherwise, if you want something less stressful and more flexible, consider teaching a foreign language on a platform such as Italki. Many English teachers are making $10-20 an hour to teach English to foreigners.

2. Help With Yard Work

Many people don’t like doing yard work – especially when it’s just snowed ten inches and they don’t want to go outside!

Getting outside and shoveling or mowing people’s lawns can earn you a decent amount of money for just a few hours of work.

A great way to find one off clients is to advertise your services on Facebook, NextDoor, or scan the Craigslist classified to see if anyone is looking to hire someone just for a gig or two. 

And, if you’re really interested, you could see if local landscaping companies are hiring weekend workers to get in some extra, steady hours and cash. 

If you love the outdoors and working alone, this could be a good side hustle for you. 

3. Edit Audio or Video

Since much of marketing is done online now. Having video or audio editing skills is a great way to bring in extra money on a schedule that works for you. Companies are always looking for editors to create  good video and audio quality and attract viewers and listeners online.

If you know how to do sound quality, video production, or sound mixing, you could secure a fun side gig helping others make amazing videos and sound clips!

If you’re good at digital editing or are pursuing a career the technical part of the music industry or cinematography, this could be a great side hustle to help improve your skills. 

4. Build Furniture, Do Repairs, or Make DIY Household Items

Building or refurbing old items and transforming them into something new can be a great hobby and also a potential way to make some extra cash. 

You can scan the personal ads on Craigslist to find old, free furniture or other household items and then clean them up and sell them on Facebook marketplace for $50-$100 or potentially even more. It’s a great way to let out some creative energy and make some extra cash. 

If you’re extra handy, you could put those skills to work and also offer to do repairs in people’s homes. Reach out to your local community to find people to work for. 

5. Referee Local Sporting Events

Reach out to local sporting communities and see if they need a referee for their season. When I was in high school, I refereed elementary school basketball each weekend during the Winter.

For an hour of work, I got paid $15 a game, and got some exercise as well.

If you love sports, this could be an easy money maker for you – a few hours a week in exchange for some exercise and helping out your community. Everybody wins. 

blogging for three years

6. Website Design

A great way to earn very good money is website design. Anyone who is running an online business or blog  needs someone to help them create and maintain a solid website, especially if they use their website to help sell products. 

There is a lot of technical information you need to know, but website design is a skill not many small business owners have. Every website that is created on the internet utilizes HTML, CSS, and Javascript to present data and content to the end-user. If you have these skills, reach out to small businesses to see if they need any help updating their websites. 

Additionally, there are other programming languages, such as php or Python, which are popular for the backend of websites, that you can learn and use to build applications and websites.

Small business owners are always looking for an edge over their competition. A nice looking and functional website can be the difference between a deal and a lost deal.

Web design could be a great side hustle for you if you enjoy programming, design or marketing, as these skills all lead to a great looking website!

7. Bookkeeping

Another great side hustle that you can work during the evenings and weekends is bookkeeping for small businesses. While it’s not exciting work, you can make a decent hourly wage depending on your area. 

All small businesses need to have tax records, receipts, and documentation on their various financial activities, and many small businesses owners do NOT want to do this work. If you’re willing to do the work for them, many will jump on that chance. 

It is tedious, it is a grind, but it is completely necessary and really only requires organization, data entry skills, and some finance and accounting knowledge.

Bookkeeping would be a great side hustle to get into for someone who is currently, or is looking to go towards, working in corporate finance or accounting in the future.

8. Social Media Management

As more and more of the commerce industry switches to an online platform, social media is becoming increasing necessary for businesses to succeed. If small business owners do not invest in  a strong social presence, then the business brand will potentially look less desirable.

However, social media is not always a small business owner’s expertise, and if you have solid skills in this area, they would likely outsource this work to you. 

Managing the social media accounts for a business is fairly easy if you have good administrative and planning skills. You want to come up with solid strategies for engagement, schedule out posts and content on the different platforms, interact with followers and potential customers, message any potential partners, manage paid advertising campaigns, and execute on the engagement plan.

Doing this type of side hustle makes you more desirable in the professional world, too. Roles that could come from this idea are Facebook ads managers, Google Adwords Manager, and Twitter and Instagram profile building.

Social media management could be a great opportunity for someone who is talented at marketing.save more money

9. Small Business Content Management

If you’re a good writer, small business content management might be a great way to showcase your skills. Strong messaging and content is king in the online world, and online businesses are always looking for the best way to curate their brand. You can help business owners showcase their brands and help them appear to be an expert in their field. 

Many small business owners are not experts in writing content, or determining which content is best for their audience. But if you have a great feel for unique content and voice, this is a role you can fill in their business. 

A small business content manager is responsible for helping manage the existing content on the website (optimizing and cleaning up old posts), ensuring new web pages are strong, and communicating with all authors, editors and social media managers to make sure the message is consistent across platforms.

Again, a side hustle like this has long term career advantages. You could become a website manager (webmaster), content site auditor, editor, and writer.

If you are good at writing, or enjoy some of the technical aspects of editing and formatting, content management could be a great side hustle for you.

10. Graphic Design

Another fairly lucrative side hustle is graphic design. Websites and companies are always looking for someone to design graphics. Especially since having a solid brand is so important in the digital age. If you’re able to provide that at an affordable rate, companies would love to hire you. 

Try getting gigs on Fiverr to start out with to start out with. They won’t pay much to start, but it helps you put together a portfolio. Then start reaching out to businesses and see if they need any graphic design work done. And definitely let your personal network know that you’re creating graphics. You never know who’s looking for an artist. 

If you are good at graphic design (either in Canva, Photoshop, Illustrator, etc.), helping small businesses with their image creation could be a decent way to earn extra money on the side of your day job.

11. Rent Out Your Spare Room

Renting out the spare room in your house, either to a long term tenant or using a short term rental service like AirBnB, can be a great way to rake in extra cash if you don’t care about some extra humans in your house. I mean, if you aren’t using those rooms, why can’t someone else use them and pay you for it, too?

I’ve personally increased my net worth by over $40,000 doing just that. In July 2015, I bought a house with two spare bedrooms. Each of these rooms I rented out for $600+, and after 4 years, I made over $40,000 in extra income! 

These rental options are great since the incoming money is passive income once set up!

12. Become a Merchant and Sell Your Stuff

Another great way to earn more money is to sell your old stuff. We all accumulate things. And stuff sometimes will end up sitting on a shelf in your basement or closet for years, never to be used.

Spend a weekend going over your house and finding those things you don’t use much. Garages, sheds, and attics are a great place to find old relics you don’t need and that might fetch a pretty penny. 

Selling this stuff will free up space, and will put cash in your pocket.  It’s a no-brainer. And depending on what you sell, you can make $100-$300 for just a few hours of work. That’s not a bad hourly wage at all. 

Don’t have stuff to sell?  Buying under-priced things at garage and estate sales and flipping them on eBay has proven quite profitable for many people.

Becoming a merchant sounds intimidating. However, it can certainly be done by going to thrift shops and finding under-priced items you can flip for a profit. And sites like Facebook Marketplace and Craigslist have made it easier than ever to sell your things. 

13. Start a Business

If you’ve been dreaming up the perfect product, maybe now is the time to make it happen. Coming up with something simple to sell isn’t that hard when you fully immerse yourself in the product development and brainstorming process. Satisfy the needs of others and you’ll be able to make money. 

You could even open an Etsy shop that sells decals or t-shirts. There are so many different businesses that you could start. You just need an imagination to get started. 

There is no guarantee of making money when starting a business, but it is a possibility if you have the right product, connection and skills.

This is a great side gig for someone who is obsessed with the hustle, has a good head for business, and a drive to succeed. 

14. Help Move People Out of their Homes

If you are physically up for it, moving people out of their homes is a great way to pick up some extra cash. It’s definitely hard work and not for the faint of heart. But bring a couple of buddies, and you can have a lot of fun. 

You can find gigs on Craigslist, or ask around to see if anyone in your community is looking for a moving company. You’d be surprised how often people will hire someone they know or refer their friends to someone they know. It’s the best way to get gigs. 

And it can  pay quite well – in college, I had a few gigs with my friends moving people, and we charged $15 an hour.  After the tip, it was closer to $25 an hour!

15. Invest in Income Producing Assets

Investing in income producing assets should help boost your income. DIY minded people who are handy can buy real estate in a nice location, fix up whatever is necessary, and rent the property for a monthly income.

Real estate is just one of the many income producing assets a person can get involved in – and the hours associated with this side hustle is typically quite low.

If you don’t have enough money for real estate, you could look into stocks that produce a dividend or potentially even REITs, which are little slices of real estate and a great way to start investing, too. 

16. Deliver Things in Your Car or Bike

If you have a car or a bike, and a well set up town, biking to deliver Doordash or Postmates could be a great way to get extra cash. Or even trying something like TaskRabbit, where you help people with various tasks. 

If you feel comfortable letting strangers into your personal space, you could even drive for Uber or Lyft and taxi people around.  People will often tip these rides, too. 

If you want to get extra money, you could try multitasking and do both Uber and Doordash at the same time to make double the cash. 

This is a great side gig for someone who works odd hours and needs something flexible. money making

17. Edit Resumes

Everyone knows that writing resumes is tricky and no one really likes doing them. There is so much pressure riding on that one piece of paper it can make some people shy away from even starting it. 

If you have a good eye for specific details and know how to write resumes, tons of people will hire you for that skill. Helping people with their resumes and job searches by reviewing and editing their resumes could be a great side hustle.

If you have experience as a hiring manager or interviewer, this would be a great side hustle for you.

Now, let’s talk about some real world examples of side hustles which I’ve featured here on this blog.

Real World Examples of Side Hustlers and Side Jobs

If you’re a little skeptical and think these don’t work. Let me introduce you to real world side hustlers who’ve made good money doing some of the things on this list. 

These side hustlers are making great money on the side of their day job. Here is a list of the side hustle interviews I’ve featured so far:

Hopefully, these amazing interviews give you inspiration to start your own side hustle (and if you do, I’d love to hear about your side hustle!!)

The 17 Best Side Hustles to Make More Money in your 20s

I hope that you’ve enjoyed this list of the best side hustles to make some extra money. Saving money on just a W2 can be difficult. But, by creating a lucrative side hustle, you can give yourself an extra boost that you need to get started on that goal of saving you’ve been putting off. 

So what are you waiting for? Get side hustling today! 

Readers: what’s your side hustle? Are there any side hustles in the list you want to try?

Making more money in your 20’s is a great way to set yourself up with a fantastic financial foundation for your future. To make more money, you need to provide more value. Learning different skills can help you provide more value and in this post, you will learn 9 skills and learn how to grow in each of these skills to become better as an employee.

Is there a promotion you want at work? Are you looking to grow your salary? Would it be nice to have more money coming in each month?

The first thing you should do when trying to increase your salary at work, is start working on yourself, and build your skill set above and beyond in your current role. Sometimes that can be hard to figure out.

However, the best way to start is to focus on your soft skills.

Soft skills are your ability to relate to people and manage projects.

When employers are looking to promote people, they keep in mind hard skills, the skills needed to do the task at hand, but really look at soft skills. Good leaders possess these soft skills and use them well. Problem solving, delegating, motivating, and team building are all much easier if you have good soft skills. 

In this post, I’m going to share with you 9 soft skills that you can cultivate in your 20’s to grow your salary and make more money.

9 Must-Have Soft Skills to Grow Your Salary in your 20’s

Below I’ve listed the 9 must-have soft skills you need to start cultivating if you want to find success in your career.

  1. Communication
  2. Self-Discipline
  3. Team Player
  4. Big Picture Thinking
  5. Leadership
  6. Customer Service
  7. Conflict Management
  8. Problem Solving
  9. Negotiation

I’ve dug deeper into each of these soft skills in the following sections.

Let’s get to work practicing these soft skills and you’ll be well on your way to growing your salary fast.

1. Communication

The first and arguably most important soft skill is communication.

Focusing on your communication allows you to 

  • Mitigates conflict
  • Increase employee engagement
  • Better client relationships

All of these are things your employer looks at when looking for promotions and salary increases. They want you to be a team player. They want you to be focused on bringing in quality clients and producing quality products. 

So, how can you become a better communicator? You can practice active listening, and practice assertiveness.

Active listening

Communication starts with listening. Active listening is a skill that allows the listener to be fully engaged in the conversation.

You should first concentrate all your attention on the speaker. Put your phone down. Set your Skype icon to busy. Be prepared to be fully invested in the conversation.  

Next, understand what he or she is trying to say. Ask questions. Reiterate what they’re saying in your own words. Make sure that what has been communicated is clear and write down any actionable steps that came out of the conversation. 

This allows you to remember the most important points of the conversation. If you need to do anything to follow up, put it on your calendar immediately. 

Practice Assertiveness

The other side of the coin to communication is to practice assertive communication. Active listening is important because it builds a foundation of openness and cooperation. You’ve already shown to the other person that you’re willing to listen well and collaborate. 

But that’s only half the battle when it comes to good communication. You need to be assertive as well. This doesn’t mean getting all up in someone’s face demanding something.

Instead, you want to express both positive and negative ideas in a way that is open, honest and direct. 

To do this, you need to have specific goals in mind before starting the conversation or meeting.  Ask yourself questions to help figure out what your goal is. 

  • What do I want out of this conversation?
  • Is there something that I need for this person?
  • Is there some kind of feedback I am looking to get or give?

And frame your conversation off of that. Make sure that you stay on task – especially when giving constructive criticism. And that you make sure that you listen, as well as speak assertively. 

If you want to try practicing your new skills in a stress free environment, join your local Toastmasters chapter.  It’s a local speech group that helps members work on their communication skills. 

Recommended book for Communication:

2. Self-Discipline Through Consistent Efforts

Self-discipline is key to mastering your current job and showing enough dedication to rise up the ranks of your current organization.

It’s a great soft skill to have in your back pocket because your boss wants to see that you’re a self starter and dedicated to your work. The self-discipline required to do this well is definitely a skill you want to foster. 

To grow your self-discipline, deliberate practice is the way to start. 

One of the best ways to do this is to practice deliberate practice. This is a systemic practice of mastery.

The basic idea is to break down each aspect of your task and practice until mastery. You want to increase intense focus and ability in specific areas of your craft. You start with smaller tasks and increase to bigger tasks until you have the entire skills mastered.

Self-discipline takes time and consistently to see your efforts brought to fruition, but it will definitely help you achieve confidence in the area you want to master. 

Focus on taking back your time

The second thing to think about when developing self-discipline is focus on taking back your time.

Self-discipline and habit forming go hand in hand. Once you’ve planned out your deliberate practice steps, you need to make sure that you schedule them on your calendar well ahead of time. The more mental energy you put in at the beginning, the more likely you are to actually form the habit you’re trying to build. 

So, take a moment at the beginning of the month to plan out your schedule. Pencil in time to practice each skill. And then make sure that any items you need are prepared ahead of time. That way, you can just jump right into the activity.

When you do this, you remove decision fatigue. You have already decided, beforehand, what your schedule is going to look like. And it makes it easier to stick with. 

All of this in turn, increases your self-discipline, and your boss is sure to take notice. 

Recommended book for Self-Discipline:

3. Teamwork is Critical for Success in the Workplace

Teamwork makes the dream work.

Knowing how to cultivate teamwork is a soft skill your boss will really appreciate. Your boss wants a team player because working together and collaborating is going to achieve the best, most innovative results. You want your boss to see that you’re engaged and committed to working well with your team.

This mentality helps with their bottom line profit and creates an atmosphere of positivity. 

Being a team player also helps highlight your individual strengths and weaknesses and highlight your ability to lead. When you take ownership over something you do well, but then allow your teammates to own their own projects, and make each work together shows how strong of a leader you can be because you aren’t micromanaging your coworkers and you’re trusting them to do their part in part of the process. 

It’s empowering for everyone, and it gives your boss space to work on more pressing issues.

How can you be a team player?

  • Ask questions. 
  • Don’t try to do everything by yourself. Let your coworkers help you.  
  • Suggest innovative solutions to other coworkers. 
  • Take suggestions your coworkers give you seriously.
  • Drill down on your role in the company and make sure you know how your role affects others

Recommended book for Building Teams

4. Big Picture Thinking

Big picture thinking separates employees from managers. It is the ability to step out of your work and see the larger impact of what your organization is doing.

When you utilize big picture thinking, you can be more innovative in your work and help achieve the larger organizational mission.

Bosses love to see employees taking initiatives . They want to see you see patterns in complex problems and come up with new ideas and solutions. 

Big picture thinking allows you to keep your eyes on what the whole of your organization is doing, and keeps you connected to their mission. It also

  • Allows you to lead
  • Keeps you moving forward
  • Promotes teamwork
  • Encourages collaboration and allows you to see what others see
  • Keeps you from avoiding the mundane

So what are some things you can do to practice big picture thinking?

Analyze how you think. If you sweat the small stuff, are focused on perfection, or try to hold an entire project by yourself, seek to know why. And then change it. Instead of sweating the small stuff, ask how this impacts the entire project – if it doesn’t you can ignore it.

Instead of focusing on perfection and finding yourself stuck on the same series of tasks, step back and look for larger opportunities. If you are trying to do an entire project by yourself, start delegating. Give others tasks so you can focus on the best practices for the organization at large. 

Recommended Reading for Big Picture Thinking:

5. Leadership

A good manager is always looking for his team to have soft leadership skills. Learning to lead is a skill that will stay with you your entire career and give you opportunities no other skills can.

Developing the leader inside you is one of the best ways to rocket launch your career into a higher pay scale. It’s one of the best skills you can hone in order to increase your salary at work.   

The best leaders lead from a strong teamwork base. They take feedback well and make sure the entire team feels respected. They use strong communication to take teams to newer heights and create the best projects. To be a good leader, you need to do the following things. 

Define goals and expectations

Before you try and lead on a project, you need to know what the goals and expectations are for the project.

Take some time to create a strategy before you meet with your team and explore what the project should look like step by step.

Utilize some big picture thinking and make sure to get involved with what the project should look like.

Consult with other people if you need to gain clarity before speaking with your team members. 

Clearly deliver your message

Make sure that you communicate with your team well. A clear message is one of the most important parts of leadership.

Without it, the people you’re working with will become confused and discouraged. Practice what you want to say several times and make sure you have the best tools to communicate the most important parts of the projects a few times beforehand. 

Keep everyone involved 

The worst thing you can do as a leader is to not delegate. You really want to make sure that everyone on the project is involved in the project and bought into the final result. 

They need to have everything they have for success. So make sure that you’re communicating well and asking them questions. 

Listen and show empathy 

Not everything is going to go well on a project you’re leading. A good leader always listens first and shows empathy to frustrated coworkers. Hear people’s concerns and make sure that you’re always willing to troubleshoot problems.

A leader is only as good as their team, so you want to make sure that yours trusts you and wants to work with you to put together the best product possible.

<4>Recommended Read on Leadership:

6. Customer Service and Likability

If you have a front facing job, customer service is a skill that is necessary. And even if you aren’t front-facing, having great customer service and making sure you’re well liked by the team as a whole can do wonders to getting that higher paycheck. 

First you want to make sure that you know your product on the inside and out. The best customer service comes from being knowledgeable and able to answer any questions people ask. You want to make sure that your teammates can trust you to handle things well. 

Second you want to make sure that you’re always friendly and open to helping other people. This starts by having a friendly and open demeanor. You always want to listen first before speaking. Make sure you understand their concerns and don’t hog the spotlight. Also, make sure you’re asking questions and providing the best information. 

Customer service and likability come down to relationships. You really want to make sure that you’re actively fostering those relationships and putting your best self forward.

Recommended Book for Likability:

7. Conflict Management

Conflict management is an essential soft skill for anyone wanting to grow their salary at work. Mitigating conflicts at work helps keep the team happy and working towards the best final project.

Bosses look towards employees with good conflict management skills to help them keep everyone focused on teamwork and good products. It takes a lot of confidence to settle conflicts well, but with a little practice, you’ll be well on your way. 

Let The Person Explain and Actively Listen

This is the most important part of conflict resolution and management. You have to facilitate a space where all persons are heard and respected.

Without this, no change is going to occur and nothing will change. Take turns talking and reiterating the main points of the conversation so that the big issues are addressed.

But, make sure you’re not bringing up old conflict. Really try to focus on the conflict at hand. 

Show a Willingness to Compromise or Collaborate

After all the major concerns have been addressed. The next step is to be willing to compromise and collaborate. Look at the problems you’re having and ask everyone to bring solutions to the table. Then try and find the best mix of solutions with everyone’s input. In order for any problem to be solved, all frustrated members have to feel like they have decision power in the solution. 

Even if you think your solution is the best – or that you’re the right person in the conflict – put those feelings aside. The goal is to work together, so you should prioritize resolving conflict over being right. 

Remember the Importance of the Relationship

Ultimately, you want to continue working as part of a team. And a huge part of conflict management and resolution is to keep the relationship at the forefront of the conflict. If it’s a client you’re struggling with, remembering that clients get you paid is huge. If it’s a coworker, remember that you could be working with this person on a long term level helps put things into perspective.  

Recommended Book for Conflict Management:

8. Creativity, Design and Problem Solving

Practicing creative and innovative design allows you to delve deeper into problems and work to create collaborative solutions. Your boss wants to promote people who bring interesting perspectives to problems and who work to create a more efficient system. 

You want to bring a solution-focused and action-oriented mindset on the table. And know that designing is more than creation of products. You can also use design theory to improve your office’s systems, protocols, procedures and customer experiences. 

However, you cannot practice creative problem solving in a bubble. Make sure that you’re holding brainstorming sessions between you and your coworkers. Test different products and systems with them. And get them involved in the thinking process. The more people that are involved in an innovative project, the better the final product will be. 

Definitely use creativity and design to your advantage to make your boss notice you and give you that raise. 

Recommended Book for Problem Solving:

9.  Negotiation

The final soft skill essential to a pay raise at work is negotiation. Not every boss will recognize your hard work and then advocate for you to get a pay increase. You have to advocate on your behalf. 

Talk to Your Boss 

Bring up your concerns to your boss well before they establish their budget for the year. Start asking for more responsibility as a precursor to more pay. Open strong communication lines and establish a positive relationship. 

Prove your Value 

In order to negotiate well, you need to prove your value to the company and to your boss. Keep a list of all your major accomplishments in your role. Make sure you highlight your unique skills that made your accomplishments important. 

Do Research in your Role

If you have a good relationship with coworkers in similar positions, ask them what they make. If you don’t, use websites like Glassdoor to help approximate what you should be making with your years of experience. 

Ask for More Money

Use the time that you’ve spent on collecting data for your benefit. Sit down with your boss and tell them that you’ve been taking on more responsibility and show them the pay data for your role and say that you’re looking for a pay increase to match your increased responsibility. 

Need more guidance? Here’s a comprehensive guide to asking for more money at work.

Recommended Book for Negotiations:

9 of the Best Soft Skills to Grow Your Salary at Work

Here are the best skills to help you grow your salary. Use them to get more involved at work and show your boss that you’re serious about making more money. 

Practice these soft skills at work and you’ll be well on your way to growing your salary fast.

This post was written by a reader of The Mastermind Within. In this post, the reader wanted to share their experience with getting a raise, why getting paid your fair share is so important, and how to increase your salary. Enjoy!

Personal finance writers tend to focus on a few of the same big ideas:

  • Save more money
  • Budget wisely
  • Be frugal

These are smart ideas, and I agree with them all. But there’s another common idea that, in my opinion, is significantly more important.

Rather than “reducing your expenses,” I highly recommend people think about increasing their income.

Yes, it’s easier said than done.

But today, I want to share my own experience pursuing a salary increase.

The economics of salaries are simple. Employers have an incentive to pay you less than what you’re worth. They want to get the most and best work out of you, for the least amount of money. Meanwhile, you want to get the most money for the work. Ideally, you and your employer meet somewhere in the middle.

If only things were so ideal! In many cases (including my own), employees are left feeling like they’re on the thin side of the deal.

So today, we’re going to look at a pretty specific case study of corporate compensation. I’ll offer some ideas and tips that have worked for others, and some lessons that you can avoid learning the hard way.

In this post, I’m going to share with you some negotiation tips, talk about the importance of being paid more money, and how you can get paid more at your job.

First, let’s talk about when is the best time to negotiate.

When it the Best Time to Negotiate?

The best time to negotiate your pay is while you’re getting hired. It may seem counter-intuitive. You really want this job, and your desperation means you don’t have the leverage to negotiate more money…right?

But, that’s simply not true. The employer also has a desire. They want you to work for them. You have a demand for money, but they have a demand for your unique skill set.

You both have something that the other one wants.

This is the time to set a “baseline” salary that will affect the rest of your career’s earning potential. All future raises and compensation at that company will refer back to this baseline. It’s simple math. $60K is more than $50K. And, a 2% raise from $60K ($1200) is more than 2% from $50K ($1000). It really is a compounding situation.

How a Higher Starting Salary Can Make a Huge Difference

The table below shows a more detailed example of this.

Let’s look at a 22-year old college grad about to start their first job. In one reality, they accept the position at a $50,000 salary. In the second reality, they negotiate up to a $60,000 starting salary.

After that point, both realities are identical.

  • Each year, their expenses are $45K.
  • Each year, they get a cost-of-living raise of 2%.
  • When they’re 27, they get their first real “promotion” and a 10% raise.

Seems like a legitimate pair of realities, right?

When we compare the two scenarios, we see how the difference in starting salary manifests over the first eight years of a career.

After all expenses, the $60K worker would have earned more than double what the $50K self had earned – $176K vs. $87K!

And that’s only assuming we’re stuffing that money under a mattress. Once you incorporate any sort of investing or compounding return on that money, the gap grows even more.

If you understand how your younger years are the most important time to invest, the disparity caused by starting salaries becomes even more important.

How the Human Resources Department Actually Works

At my first job, I saw Human Resources as a wonderful source of information. I could rely on them for all those nitty gritty details (insurance, 401(k), management structures, etc.)

In fact, the same HR person who hired me stayed on as my HR liaison throughout my tenure. It was a nice process.

However, not all companies work that way.

In fact, HR departments seldom exist for the benefit of the employees (you know, the actual “human resources” for which the department is named).

Instead, HR departments’ primary goal is frequently the protection of the company from the employees. It’s an example of “it’s business, not personal.”

While I do not think that HR is the “enemy” of other employees, I do think it’s important to remember who represents whom in the corporate structure.

If you’re negotiating a salary, it’s the HR department’s interest to pay you less. They are not a neutral party in the negotiation.

If you don’t stick up for yourself, nobody will. It’s business, not personal.becoming wealthy

Why It’s Difficult Getting Promoted  the “Right” Way

A “problem” that I faced in my career was that my reviews (from management or project teams) looked great. For three years in a row, I received a “top 10%” review.

Meanwhile, my salary percentile–accounting for my experience at that company–was in the bottom quartile. For the sake of simplicity, we can say that I felt underpaid by about $10K-$20K per year. No small amount!

How much of a “problem” is this? Well, it didn’t stop me from living the life I wanted. I could afford all the comforts I needed. I was at the peak of the fulfillment curve. But as I showed above, being underpaid starts to add up over a few years.

I tried to solve my problem “the right way.” I spoke with my manager about how I felt. He agreed with me and went to his manager. That manager agreed too, so we took the issue to HR.

And that’s where we were rebuffed.

I was never given a specific reason why, but HR claimed its hand were tied. They couldn’t simply hand out the ~15% raise that was required to bring me from bottom quartile of salaries up to the median of salaries.

I tried to reasonably solve my problem from within the corporate structure, but I had no leverage.

Why it’s Sometimes Hard to Get a Raise in Corporate America

I began to become more aware of my salary discrepancy when my company was going through a large hiring spree. We had lots of work to do, and not enough people to do it.

Let’s go back to fundamental economics. High demand for workers, low supply of workers; this means salaries should go up!

And sure enough, rumors started trickling through the organizational chart, “Jim’s group just hired a college grad for $X.”

Wait a second…that’s 20% more than what I make! I’ve been here 4 years, and I have a master’s degree, and the customers really like working with me.

Was this injustice? Or did I just have money-grubbing sour grapes?

On one hand, I’m not sure how HR is supposed to solve this problem. If a company has 1,000 employees, how can HR ever create a salary ladder where every employee is (and feels) perfectly compensated based on their talent and experience? Who is going to create those rankings? How would an employee appeal if they feel underpaid? Clearly, it’s not feasible.

But, some discrepancies just scream that there’s an issue.

While I certainly felt that I was underpaid, I also know that some of my peers were in even worse scenarios. Or, in other words, that I was overpaid relative to them.

They had a more justified gripe than I did! In a utilitarian world, shouldn’t I vouch for them before I vouch for myself?

Wouldn’t that be nice. But, unless you and your coworkers are part of a union, the idea of vouching for the betterment of all employees is strictly verboten. You can’t stand up for others. You can only stand up for yourself. It’s sad, but it’s also true. You can encourage others to stand up for themselves. I think that’s great.

But you should tread carefully before organizing on the behalf of others.

Getting a Raise by Getting an External Offer

After trying out the “right way” to solve my problem internal to my organization, I realized that I didn’t have many options left. I started looking elsewhere.

Just like my company was hiring, lots of other companies in our industry were hiring too.

One day, I got a random message on LinkedIn, and began talking to an engineering headhunter. A couple days later, we were speaking on the phone. A week after that, I had a phone interview with an engineering manager. And the following week, I was flying down to their facility for an in-person interview.

The interview went well, I liked what this company worked on, and they made me an offer. Here’s an important detail: the offer was good, and I was willing to take the job. I enjoyed the tasks of my current, lower-paying job more. But I was willing to make the move to the new company.

I returned to work the following day with the new company’s offer letter in hand. I went to my manager, he went to his manager, and the group of us went to HR.

Suddenly, HR did a 180° flip. The previous month, a 15% raise was out of the question. But faced with the prospect of me leaving the company, the negotiation scales were tipped back in my favor. I had leverage. My HR group matched my new offer, equal to a 29% raise. Boom!

Are You Wasting Time by Declining a Job Offer?

I accepted my company’s counteroffer. But I also felt a bit guilty.

I had wasted the headhunter’s time. And wasted the other company’s hiring manager’s time, and the time of people who had given me a tour. I wasted their money when they flew me to their facility, and when they put me up in a hotel.

But should I feel guilty? Or is just part of playing the corporate game?

What’s occurring, in my view, is a proverbial “race to the bottom.” I feel that HR forced my hand and played hardball. My choice was to either submit to their tactics, or to call their bluff – I had to go seek out competitive offers from other firms. And this meant facing the possibility of wasting another firms’ time.

It’s an accepted paradigm (at least in my industry) that workers will hop from company to company, or that HR departments will play the “offer -> counteroffer” game.

If everyone’s playing, then nobody should feel bad when their time is wasted. After all, they’re playing the same game, too.

But I’m not planning on making a habit of wasting other companies’ time and money. And in a perfectly fair world, I would gladly compensate the other firm for their few hours of time and the <$1000 in expenses.

The raise I got would be well-worth that expense.improving finances

When to Share Your Compensation with Your Co-Workers

Before we wrap up, I want to revisit some ideas about co-worker interaction. While you and your co-workers are likely in similar boats – if one is underpaid, many are likely underpaid – you’ll find that people approach salary issues in vastly different ways.

In my experience, I had a few close confidants. Before my raise, we had all confided in each other that we were unhappy with our compensation. We knew we were in the same boat.

I shared my “success” with them, and they found the information very useful. Not everyone wanted to follow my exact footsteps, but it was helpful for them to understand what I had done. Some wanted to wait until their next promotion. Others just wanted more experience, so that our HR department would be more likely to match any outside offers.

However, other people at my company are diametrically opposed to the “corporate hopscotch” or “offer-counteroffer” tactics. My raise took me from the bottom quartile to around the 60th percentile.

That means that I “leap-frogged” over about 40% of my peers. And that absolutely rubs some people the wrong way.

Now they feel like there’s injustice. If they did what I did, then there would be another “race to the bottom.”

Everyone would constantly be seeking external offers and leveraging them for local raises.

Next thing you know, I’d be in a position where everyone had leapfrogged me, and I’d be back at the bottom of the pay ladder. And the cycle would start again.

I’m clearly biased here. I don’t think what I did was “wrong.” But I hope you understand that different employees will have different reactions to you “breaking ranks” to seek out a raise.

Are You Being Paid Your Worth?

If you haven’t already asked yourself, the time is now: are you being paid what you’re worth?

Even if your workplace is filled with the nicest folks on Earth, you should consider whether they are paying you a fair amount. Perhaps your company publishes its wage scales for comparison. Or maybe you should use a website like Glassdoor to understand what similar workers in your area earn.

There isn’t any harm in exploring.

Speak with your manager or HR, sometimes, all it takes is a brief conversation! But, keep in mind, there’s a line between personal relationships and business relationships.

The only person guaranteed to vouch for you is YOU!

You might find that coworkers, HR representatives, or even your managerial chain-of-command aren’t as supportive as you’d hope. That’s ok. Be polite, but stand behind your convictions.

If you get rebuffed, consider looking externally. Don’t just do it for leverage, though. Look for real jobs that genuinely interest you. You may end up surprising yourself and find a new job altogether.

Either way, I hope the brief math in this story shows you the long-term power of a raise. Even a 10% difference in pay can lead to vastly different financial situations over a few years.

I had a harder time getting a raise than I’d hoped, but I’m already seeing a huge difference in my budget and investing and savings rate.

You should consider how a raise will help today, but also tomorrow, and all future tomorrows.

So, are you being paid what you’re worth?

Again, I want to thank this reader for sharing their story in this post, and I hope that this post has been useful to you 🙂 What do you think? Is this similar to experiences you have had in Corporate America? How have you gone about getting a raise? 

side hustle income

In 2019, I made over $13,000 from my side hustles. During the year, I rented out rooms in my house, performed statistical consulting, and helped small businesses with their websites. In this post, I’m going to share with you my thoughts on each of these side hustles and talk about how you can start a side hustle this year to earn more money.

In 2019, I was busy and had a great year side hustling. During the year, I made $13,416 from my side hustles.

This was a fantastic year in terms of hustling, and helped me on my path to building a solid financial foundation for my future.

The reason I side hustle is because I want to speed up the time to reach financial freedom.

While some weeks and months can get very busy, this extra income has helped me pay off debt, build my emergency fund, and invest in my future.

My three side hustles I did in 2019 was house hacking, statistical consulting, and freelance web design.

Each side hustle is different and unique in what I did, but also how I got started. Below I’ll talk more about these differences and how I’ve grown these hustles over time.

Side hustling isn’t for everyone, but I definitely recommend it if you are looking to improve your financial situation.

For me, this was my third year of seriously hustling. One thing I’ve learned is balance is very important in life. What I mean is that I don’t recommend having 3 side hustles – I’ll get into this more though later on.

In this post, I’m going to talk about the side hustles I performed in 2019, give you some side hustle ideas for 2020, and hopefully inspire you in your hustles.

Finally, note, I’m not including any money I’ve made from this website in this article. In 2019, I brought in a few thousand dollars, but spent more than I made on this site. You can see this in my three year blogging anniversary post

How I Earned Over $10,000 in Side Hustle Income Last Year

As I mentioned above, in 2019, I earned $13,416 from side hustling.

First, let’s take a look at the numbers.

You can see below my side hustle income by month:

make money side hustling 2019

This was a great year, and I’m very fortunate and blessed that I have the free time to do these hustles.

The most lucrative side hustle is my statistical consulting side hustle. In 2019, I made $8,691 from my statistics side hustle. I’ve been doing this side hustle for 3 years now, and spend a handful of hours a month helping dog doctors and veterinarians with their statistical research.

The second side hustle from 2019 I performed was house hacking. For the first five months of 2019, I rented out space in my house and collected $3,050 in rent (I stopped house hacking because I sold my house in July).

The third side hustle from 2019 I performed was freelance web design. During 2019, I worked with a few different small businesses.

With these businesses, I helped build and design their websites in WordPress, and helped with other website related tasks (email forms, theme customization, site migrations, etc.) to help push those businesses along. For my web design contracting work, I made $1,675 over the entire year.

For the rest of the post, I’m going to talk about each of these side hustles in greater detail.

By going into more detail, you can learn more about each side hustle and see if they might make sense for you! 🙂

blogging for three yearsMaking Money By Helping Dog Doctors with Statistical Studies

My first side hustle is consulting for dog doctors. Three years ago, an former co-worker of mine approached me with an opportunity to help do some statistical consulting.

For $85 an hour, I help these dog doctors perform statistical analysis, and these analyses work their way into published manuscripts.

The work I’m doing isn’t rocket science, but it’s necessary to get the results required these doctors want.

For example, I run a lot of simple regressions, ANOVA analyses, chi square tests, and look for cases of statistical significance.

Most of this is college level statistics, but it’s not anything someone with a background in numbers couldn’t learn.

In this case though, I was able to leverage my connections and previous work to secure this side hustle.

By showing my worth, I was able to connect with a former co-worker, and now, I’ve been able to bring in about $20,000 over the last three years with this hustle.

You never know who could be valuable at work, so it’s important not to burn bridges!

Renting Out My Rooms and House Hacking to Make More Money

Back in the summer of 2015, I bought a three bedroom house and rented out the other rooms to my friends.

For four years, I house hacked, and was able to make passive income every month with the rental income.

House hacking is a fantastic way for someone in their 20’s to make extra money every month.

If you can afford it, buying a house and renting out your extra space can be very beneficial for improving your financial situation.

As I mentioned, I sold my house in July because I wanted more flexibility and the price was right.

But before the sale, this side hustle was mostly passive and helped me with my mortgage payments.

Housing is one of the biggest expenses you will have on a monthly basis, and with house hacking, you can reduce this expense drastically.

For the most part, house hacking isn’t that much of a time commitment. At the same time, owning a house can be a lot of work, and this is where things can get expensive.

However, if you are going to have a house and extra space, why not rent it out?

House hacking changed my life, and through house hacking, I was able to make $3,050 this past year. I’m definitely thankful for this and am excited to get into real estate again in the future.

patience at workHelping Small Businesses with their Websites through Web Design

The third side hustle I did in 2019 was freelance web design for small businesses.

When I started this blog at the end of 2016, I didn’t know anything about HTML, CSS, php, or Javascript.

After taking some free courses on Code Academy, I started to make customizations on this website and learning more about these different web programming languages.

Use and action is so important to learning a new language – programming or foreign!

During my first year of blogging, I kept learning more and more about web design.

After a year, and after meeting a lot of different bloggers at FinCon 2017, I connected with a few people needing website updates.

As I grew my portfolio, I was able to get more clients and exposure through word of mouth.

Now, I’m comfortable with:

  • front-end design
  • back-end development
  • integrating with different web services (email, payments, automation)
  • and many other things WordPress

These are all skills I love using and in 2019, I was able to leverage these skills to help others.

By providing value to others, I can make a little money and help others who need a technical hand.

This one is probably my favorite side hustle, but it’s quite time consuming to find clients.

Now, I want to talk about other side hustle ideas that you could use to make some more money in 2020. But first, I’m going to talk about what is the best side hustle.

What’s the Best Side Hustle?

When starting on your side hustle journey, you might ask, “what’s the best side hustle?”

In my opinion, the best side hustle is providing value to another person or company and doing what you want with your free time outside of your day job.

There are a number of possibilities to choose the best side hustle. The best side hustle might be the one that makes a ton of money. Maybe it’s one that brings new opportunities and helps you in your day job. Perhaps it’s one that brings passive income and allows you to retire early!

Really though, the best side hustle comes back to doing what you enjoy – without necessarily caring about the profit potential of the endeavor.

We all have limited time on this Earth.

Let’s say you love teaching yoga (or some other athletic class). When you teach, you make $100 a session. Even though you only do a few sessions a week, you still love it and have had a ton of great experiences through your teaching.

This side hustle might not be the most lucrative (though a few hundred bucks a week is pretty good), you are doing what you want and enjoying your life.

Again, in my opinion, the best side hustle is doing what you want with you time and potentially making money in these endeavors.

But really, my opinion is just my opinion. You are entitled to your own opinion and can decide what the best side hustle is for you!

Now, let’s get into the list of side hustle ideas you can consider for this next year to increase your side hustle income.

18 Side Hustle Ideas You Can Consider This Year to Earn More Money

In the world, there are hundreds of ways to make extra money each month to further your financial situation.

In the following list, I tried to focus on ways you can make money in the real world.

When searching for “how to make more money”, you will find a lot of spam and “get rich quick” schemes.

I prefer to focus on providing value to those around and you to help others directly.

While I do believe you can help others through a platform or through passive actions over time, some of the best side hustles come from doing the work yourself and directly interacting with your customers.

Below is a list of 18 side hustle ideas you can think about to make money on the side of your day job.

  1. Tutor Students
  2. Help with Yard Work
  3. Edit Audio or Videos for Others
  4. Build Furniture or Make Household Items
  5. Referee Sporting Events
  6. Start a Business
  7. Help Others with their Businesses
    • Bookkeeping
    • Web Design
    • Social Media Marketing
    • Freelance Writing
    • Content Creation
    • Graphic Design
  8. Rent Out Your Spare Things
  9. Sell Your Stuff and Become a Merchant
  10. Help Move People Out of their House
  11. Edit Resumes
  12. Invest in Income Producing Assets
  13. Deliver Things in Your Car or Bike

While these side hustle ideas are great, like I said, there are hundreds of other ways you can make more money in the world.

I have just scratched the surface of what you could possibly to do make money.

A side hustle could possibly be created by thinking of the following questions:

  • What do you love doing?
  • Is there anyway you can turn that into a hustle?
  • How can you help others and provide value to make a little more money on the side?

These are all questions you can think about as you decide whether or not you can and will start a hustle this year.

Real World Examples of Side Hustlers and Side Jobs

On The Mastermind Within, I’ve had the pleasure and honor to feature some amazing side hustlers in my Side Hustle Spotlight series.

These side hustlers are making great money on the side of their day job. Here is a list of the side hustle interviews I’ve featured so far:

Hopefully, these amazing interviews give you inspiration to start your own side hustle (and if you do, I’d love to hear about your side hustle!!)

Are You Going to Side Hustle This Year to Improve Your Financial Situation?

2019 was a great year for me and my side hustles. I was able to make more than $10,000 on the side of my day job, and use this money to improve my financial situation.

For me though, I don’t think I’d recommend doing multiple side hustles at once – especially if they are active and take up your time.

It’s important to have balance in life and to not burn yourself out.

Three side hustles, a day job, and other goals is too much for me, and in 2020, I’m only going to actively pursue my consulting gig. If people ask me to help with their website, I’ll do this, but I’m not going to be looking for clients.

As I mentioned, there is more to life than hustling and trying to push and push and push. Family, health, learning, goals, faith, friends, etc. – all of these things are important as well to consider before diving into a hustle.

Now, it’s your turn.

Do you have any financial goals for this year? Are you looking to make smarter financial decisions, save more money, or pay down some debt?

How would a side hustle play into this? What would a few hundred dollars do for your bank account?

I hope this article has been interesting and inspiring for you.

Hopefully we both can make 2020 a lucrative year and crush our financial goals!

Thanks for reading and happy side hustling!

Readers: what’s your side hustle? Are you looking to start or continue a side hustle in 2020? What are some other questions you have about side hustling?

financial decision making

Passive income is income you make without working. Making more money passively can be your ticket to financial freedom and living the life you want. Learn how to make passive income in this article.

Are you looking to make more money and increase your income?

For most people there is only one solution – work more hours.

Working more hours means giving up more of your free time and throwing off your life balance.

When work takes priority over everything, all the other mow important aspects of life, such as family, friendships, and hobbies (and even general household upkeep) suffer.

In many ways, by working more hours, you could be missing out on everything you’re working so hard for.

Fortunately, upping your hours isn’t the only way to increase your income. There are multiple ways to increase your income without dedicating more hours to the grind.

By understanding passive income and how you can make money without working more, you can increase your income and improve your financial situation.

In this post, you’ll learn what is passive income, learn some ways you can make more money without working more, and get some money making resources and book recommendations for your personal growth.

What is Passive Income?

First, when thinking about making more money without working more, we need to understand the concept of passive income.

Passive income is income which requires little to no effort to earn and maintain.

Examples of passive income are:

Passive income is great because you can make money without working more.

While it can be difficult to get passive income in place, once you have passive income, you can then get on the way to financial freedom.

5 Ways You Can Make More Money Without Working More

There are a number of ways you can make more money without working more.

In this post, I have 5 ways you can earn more without working more:

  1. Ask for a raise
  2. Find sources of passive income
  3. Sell your clutter
  4. Make money doing the things you love
  5. Leverage time to find other opportunities

Let’s get into each of these ways to increase your income below:

the guide to banking for non-bankers

1. Ask for a Raise

One way to earn more income is to simply ask for more.

  • If you work for an employer, this could mean asking for a pay raise.
  • If you’re self-employed, this could mean charging more for your services or products.

Many of us believe we deserve a pay raise, but do nothing about it.

If you think you’re getting paid less than you’re worth, you should tell your employer.

Wages may be fixed in some bigger companies, making it difficult to get a raise without also getting a promotion (which means taking on more responsibility), but in smaller and more independent companies, a wage can almost always be negotiated.

Obviously, you need to prove that you’re working above and beyond –  if you’ve been slacking recently you may have to work a little harder to earn that pay raise.

2. Find Sources of Passive Income

Another way to earn more without working more is to find sources of passive income. This often involves an initial investment, but after, you’ll make a return over time without having to put in much work.

Investing in property can be a good source of passive income.

The most common way to do this is to rent out a property to tenants. By charging more rent that’s more than your monthly mortgage payment, you can start making a profit right away.

Of course, you do need to be able to afford the down payment for a property first, and owning a home or rental is a lot of work. You’ll be responsible for repairs, up-keep, and keeping your tenants happy.

Another way to make passive income is by investing, most commonly in stocks and bonds.

Stocks and bonds provide passive income in the form of dividends (payouts paid to shareholders, sometimes monthly, sometimes quarterly) and value increases. Whenever the company pays a dividend, you get money directly deposited into your account.

Those wanting a more stable form of passive income without having to invest too much money in the market should consider putting money into a savings account, CD or bond.

These are all ways to make income passively, as it will naturally grow interest. CDs and government bonds provide some of the highest interest with the lowest risk.

The great thing about passive income is that you don’t have to do much once the initial work is over – you just sit back and watch the money come in.

The more sources of passive income you set up, the more you’ll earn – and you’ll barely have to lift a finger to earn it.

3. Sell Your Clutter

Another way to make more money without necessarily doing more is by selling your clutter.

This is another easy way to make money when you need a quick boost of income.

Many of us have unwanted possessions that are valuable – these could be unwanted gifts, old hobby equipment, inherited belongings, or items that we’re simply hanging onto out of sentimental value.

By selling these items, you can turn that junk into a decent sum of money.

There’s an almost unlimited amount of ways to sell your clutter.

You can start locally, by holding a garage sale or estate sale, or try selling them at an auction or consignment store. Even easier, you can sell your stuff online through sites like the Facebook Marketplace, or Ebay, or Declutter – even Amazon!

Why limit yourself to local customers when you can sell to people all over the country – even the world!

saving money for future4. Make Money Doing Things You Love

Many of us have hobbies that we could monetize if we wanted to. A level of skill may be needed to turn a hobby into a profession, but quite often it’s not as much skill as you may think.

If you play a sport and you’re passionate about it, you could make money teaching this sport to other people, or maybe coaching in some way.

Say you play a musical instrument – you could try making money performing (this could be anything from a dive bar to a local venue), or you could become a tutor.

If you’re good at making things with your hands, like baking, or making jewelry, you can easily make money selling the things you create locally or on stores like Etsy.

You don’t have to turn these hobbies into fully-fledged businesses – it could just be a side hustle to make a few extra bucks here and there.

However, if you do decide to turn it into a business, it could be a way to make a decent income doing something you enjoy. While you may be dedicating lots of hours to it, when it’s something you enjoy, it may not always feel like a job.

After all, if you like doing something, is it really work?

5. Leverage Time to Find More Passive income Opportunities

The best investors and money makers are able to cut down their hours by simplifying tasks and what’s needed from them.

If you can set up systems which will give you more time, then you can focus your efforts on other money making endeavors.

This could mean:

  • working from home, and saving time on your commute
  • getting a property manager for your rental property
  • hiring contractors for your passion projects

The point is, with less time needed for you to be working, the more time you will have to follow through on more passive income opportunities.

Now,  let’s talk about some resources for passive income you can study.

Books about Passive Income and Making Money

I believe you should always be learning a little bit each and every day on the way to achieving your goals.

Learning about passive income and ways to make more money without doing more work can be accomplished by reading books.

I’ve read a number of great books over the last few years.

The following three books (and their book reviews) are great for learning more about ways to make more passive income:

Each of these three books I’ve listed above are great for getting into a passive income mindset and looking to be smarter with your time and money.

Make More Money Today with Less Work with Passive Income

What I want to communicate to you here is with these earning strategies, it’s not how hard you work that determines how much you earn, but how you work.  And the how makes all the difference.

Whether that’s asking for a raise, selling your junk or buying stocks, there are multiple ways you can earn some side income while doing very little work.

By implementing different income earning strategies, some of them passive, you can accomplish a lot without doing much at all.

5 Ways To Make More Money Without Working More

baseball side hustle

This post is a guest post from Matt, who writes at Spills Spot. Matt works for a local minor league baseball team on the side to make some extra income. He does what he loves, and has found a side hustle which brings in a few thousand dollars a summer. In this side hustle guest post series, I’m looking to inspire others with unique stories of how people are making some extra money. Working for a sports team on the side might be for you. Read on below to learn how to work for a sports team part-time to make more money.

I fell in love with baseball as an elementary school kid playing Little League. There’s just something about the game, it’s hard to put into words.

Since then, baseball became a passion of mine and has been a huge part of my life ever since. When I realized I wasn’t going to become a professional baseball player, I knew I needed to pivot to the next best career choice.

For me, this meant going to college and majoring in sports marketing.

Breaking into the sports industry is a long and difficult road. The hours are long, the pay is low, and the competition is fierce.

I’m sure you’ve heard the saying, “Do what you love, and you’ll never work a day in your life.”

That was my thought process as I graduated from school and landed a minimum-wage position as an usher for the local minor league baseball team.

My goal was to get my foot in the door, make connections, and work my way up in the organization.

In this post, I’ll share with you my story of how I started working for a minor league baseball team, and how I make money on the side of my day job working part-time for a sports team.

How I Started Working for a Sports Team

Working as an usher for the local minor league baseball team was a lot of fun and I had made a great decision to take a role there.

Within a few months, I had displayed my strong work ethic and passion for baseball.

My managers noticed, and I got a new role working in the press box. Each baseball stadium has a press box, where various media members work for each game. This includes announcers, scoreboard operators, video producers, scorekeepers, and a few other roles.

I finished out the season keeping stats and helping operate the video scoreboard.

The next season I was offered an internship in marketing and media relations. It was the next step in my journey and another opportunity to build more skills. The season was long, but went well.

The only problem was at the end of the season, it was evident that the internship was not going to lead to a full-time position like I had been hoping for.

While I had done a great job and they wanted me to remain with the team, it was simply a matter of no full-time roles being open. Also, I was so early in my career that I hadn’t built enough marketable skills.

I had a decision to make: should I stay in a low paying role, or take a chance somewhere else?

Balancing a Low Paying Hustle with the Want to Make and Save More Money

This led me to a crossroads, with a decision to make. I could be stubborn, continue working part-time for the team, making minimum wage, and hope that a full-time role eventually opened up.

The other option was that I could pivot, find a marketing role in a different industry, and build additional marketable skills to better prepare myself for a role in the sports industry down the road.

While I wrestled with this decision, ultimately, it was clear that the latter was the right decision to make, both from a personal growth and financial standpoint. It was time to learn new skills and make some money.

Change can be difficult, but it’s often necessary to reach our full potential in life.

At this point, I decided I would continue to work with the team part-time, and find a full-time role in a different industry.

Connecting My Passion of Baseball with a Side Hustle

After making my tough decision a few years ago, I’ve been loving life and finding success in my career and side hustles.

I worked for two years doing content marketing for a startup, and another two years working in customer marketing for a tech company.

I’ve grown tremendously, gained valuable experience, and built new marketable skills.

With my part-time sports side hustle, I’ve also kept my connections with the minor league baseball team.

I’m currently in my seventh season with the team, and this balance has turned out to be the perfect fit for me.

While heading straight to the ballpark after my full-time job means that some days can be long, I love what I do and am grateful for where I’m at in my career.

Working nights and weekends can be a little rough, but I’m doing what I love and that’s what matters in life.

What Do I Do for my Sports Side Hustle
baseball side hustle

As I mentioned above, I work in the press box for a minor league baseball team. My title is Game Day Stringer.

Essentially, I am on a laptop during each game, inputting each pitch and play that happens.

This data is sent to MiLB (the minor league baseball league), and appears real-time on their website and mobile app.

This website lets people following along on their phones and computers see what’s happening in the game.

Our team plays 70 home games per season, and I usually work 50-55 of those games.

The games never conflict with my full-time work, since the large majority are on nights and weekends. The hours aren’t long, usually around 5 hours per shift.

For how much I make each summer, this can vary, but typically, I end up making a few thousand dollars per season. With this extra income from my baseball side hustle, I’ve been able to pay off our student loans and invest into our IRA’s.

Skills Needed for a Sports Industry Side Hustle

The first skill which is necessary for a sports industry side hustle is a passion for the sport and game. If you aren’t passionate about a sport, then it might be tough to work for certain team.

A second skill is advanced knowledge of the sport. For me, I need requires advanced knowledge of baseball and how a game is scored. Each team only has one main person that fills this role, and maybe a couple backups.

While this particular role is difficult to obtain, the opportunities with sports team in both the major and minor leagues are plentiful.

Typically, each team post their open roles on Teamwork Online, and you can also Google jobs for the team you’re looking for.

Also, teams usually will host a yearly job fair a few months before the season starts, where you can attend and interview for open part-time roles. This is a great way to get started.

To land a part-time role shouldn’t be too difficult. They’re looking for people with customer service skills, friendly, passionate and the team and sport, reliable, and hard working. You don’t need specific schooling or experience.

Why I Love Working for a Sports Team on the Side

I love working for a sports team because baseball is a passion of mine.

Most of these jobs will be for minimum wage, so if you’re simply looking for ways to maximize your income, this likely won’t be the right side hustle for you.

However, if you’re looking for a role that’s enjoyable and flexible, working part-time in the sports industry can be a good fit for you.

Like I’ve mentioned, I love what I do. I essentially get paid to watch baseball. Also, I’ve built strong friendships with my coworkers over the years.

As long as I’m still in the Bay Area, I see no reason to not continue working this side hustle. I’m sure as soon as my wife and I have a kid I’ll scale back and work much less games, but I still want to keep these connections.

I love the camaraderie with my coworkers, the extra cash flow, and getting to be at the ballpark so often.

Eventually, I may transition back into the world of sports full-time, but for now I’m simply enjoying the journey.

Please reach out if you have any questions about this side hustle, or the sports industry as a whole. I’d be happy to help in any way I can.

There are so many amazing side hustles out there in the world. I’ve found a side hustle I love, and hope you can too!

Thanks for reading, and big thanks to Erik for having me!

Readers: what do you think about this side hustle idea? Would you be interested in working for a sports team to earn some extra income?

How to make extra money working for a sports team.

This post is a guest post from Moriah Joy, who writes at Our Table for Two. Currently, Moriah Joy charges $30 an hour to help out students with their homework and studies. She is looking to increase her hourly rate to $75 an hour soon, and thinks this could be a fantastic boost to her financial situation! In this side hustle guest post series, I’m looking to inspire others with unique stories of how people are making some extra money. Starting a side hustle tutoring might be for you. Read on below to learn how to tutor to make more money.

If you follow my blog, you know I have debt. Not a lot of it, but enough that my partner and I are not able to live on two W2 incomes and thrive while paying off my student loans. We’d probably be able to scrape by, but not well.

Thankfully, I’ve been a tutor since high school, and have used 10 years of experience to my advantage.

After I get off work (which is around 4 PM), I head over to a local Starbucks, or a client’s house, and spend the next three to five hours (including travel time) explaining math, English, and science concepts to 5th-12th graders. During any given week, I’m tutoring 8-12 hours (not counting commuting time).

While tutoring definitely does not pay enough for me to quit my current job, or reach the illusive financial freedom, but it helps power my family’s Adventure Fund. 

I love tutoring, and this side hustle is helping me improve my financial situation.

In this post, I will be sharing with you what I do as a tutor, and talk about my recommendations for you to start tutoring to make more money.

What I Do as a Tutor for My Tutoring Clients

Tutoring is helping students learn and study their school material more effectively.

For my tutoring work, I offer three different services to my clients:

  • Homework help
  • Study prep and research skills
  • Testing prep

Let’s dive into each of these different tutoring services.

Homework Help Tutoring

Homework help is pretty self-explanatory.

My clients bring their homework, and we go through each problem together.

Going over the homework is also chance for learning how to learn to happen, as we talk about kinesthetic learning, auditory learning, and visual learning.

In college, I was a TA for a remedial math class, and I draw a lot on the experience I gained from my mentor who helped me through that position and pass that information along to my kiddos.

When going through homework, the goal isn’t for them to keep needing me. It’s for them to learn how they learn and to teach them how to teach themselves.

It sucks working myself out of a job, but it’s also super exciting to watch them “get it” and not need me anymore!

I love homework help, and always enjoy helping my clients understand the material better.

TUTOR TIP: Ask your kids a bunch of questions about the process of their project, instead of just showing them step by step what to do. This way they’re engaging multiple sections of their brain and will retain the information better.

Study and Research Preparation Tutoring

Another service I provide for my tutoring clients is study prep and research skills.

I designed the service of study prep and research skills for kids who are confident with their homework, but still aren’t getting the scores they need or want.

We comb through homework assignment to create study guides; I show them the magic of Google and how to use it to their benefit.

Generally, I work with these students a few times a month. Enough to increase their grades, but not so much that they over-rely on me.

It’s a tricky balance. And one I’ve really worked to maintain.

To help with the breaks in-between sessions, I have them send over their topics before we meet. This way I can brush up on the material (especially in subjects like chemistry and biology, where rote memorization is important to the class) and so I can look around the internet to find the pages I’ve flagged for these subjects.

The idea is to show them good websites, and bad websites, and talk about how to make sure their research is credible.

With these kids, maximizing time with techniques is more important than material.

TUTOR TIP: Have your students bring their own laptop and perform the study prep/research skills alongside you, that way they’re mirroring good scholarship, but they’re also practicing necessary life skills at the same time.

Test Prep Tutoring

Finally, test prep is the third service I offer.

Testing prep sounds similar to study prep, but with a grand exception. It’s generally SAT/ACT tests that we’re preparing for.

Also, for these tests, I run it as a class, as opposed to an ongoing tutoring relationship.

Each student gets three hours of specialized instruction on SAT tips and where they need to work to improve their own scores. This three hours of instruction is spread out over a month before they take their test.

I assign homework that I expect done before the next session. If the homework is not done, then we postpone our meeting.

Since I use the homework to compile their personalized SAT/ACT study plan, it’s a lot more time intensive for me. To compensate for my additional time, I charge $350 for the class.  

I run this SAT/ACT class in the summertime (when I have more time, and when most kids take the SAT), and these higher fees definitely compensate for the lost hours during the school year.

TUTOR TIP: Take a practice SAT yourself at the beginning of every summer to make sure you’re up to date on the latest changes and can accurately reflect them to the children you tutor.

With these three services, I have a wide variety of ways to make money and can help a diverse set of students.

Now, let’s talk about what the financial results of tutoring look like, and how you can become a tutor.

How Much Money Do You Make as a Tutor?

Being a tutor can be a fairly high paying side hustle.

Currently, I charge $30 an hour for my tutoring work. $30 an hour is more than I was paid when I worked at a tutoring company, and double what I charged when I was a college student.

Next year, I’m going to increase my rates, and then every semester subsequently to that until I’m making closer to $60-$75, which is the going rate in my area.

For specialized subjects (math above Algebra 2, and honors sciences, I charge $50 an hour, and those are going to be increased to $100).

Also, as mentioned above, I offer an SAT class every summer which costs $350 per student.

With these rates, I’m able to make a decent amount each month, and this helps with debt payoff and hitting my saving goals.

Nest, let’s talk about how you can start a private tutoring side hustle.

How to Start Tutoring for Extra Income

The hardest part of tutoring, in my opinion, is finding clients.

If your community has a job board, you can look there to find people looking for tutors, or post on a social media app like Nextdoor.

For finding clients, I used Canva to create tutoring fliers and business cards which I left at local coffee shops and grocery store bulletin boards.

People you know (from the gym or church) might also be willing to pay you to tutor your kids, so ask around.

After you have clients, and have set up a good rapport with them, I generally tell the families I have openings in my schedule, and if they know anyone that needs a tutor, to please give them my name.

Of the six families I’m tutoring right now, four of them have been referrals from other families. Referrals are amazing for growth!

TUTOR TIP: I used connections at my local university to get my first two clients, and have grown my business since then. Asking around for clients makes a HUGE difference, and referrals go a long way!

What Items Do You Need to Get for Tutoring?

Tutoring requires some tools and equipment to get started. You want to make sure you have all the necessary tools for the job.

For my tutoring side hustle, I have a canvas bag which I stow in my car with everything I need:

  • a Chromebook laptop
  • a Ti-83 graphing calculator
  • graphing paper
  • lined paper
  • blank paper,
  • writing utensils
  • and any books the kids are reading (I need to have these on hand for their papers.)

I also carry around a scheduling book, so I never accidentally overbook myself. I prefer paper schedulers to my phone, but obviously, your phone could do the trick just as well.

Basically, make sure you have the tools for the subject you’re tutoring.

If you’re working on math, a calculator is a must.

Chemistry, a periodic table of elements.

You know the subject matter and what you need to be successful.

Having all those things in one place makes your job easier. (Especially if you’re like me and constantly running around between my full-time job, my side hustle, and any other crazy activity I’ve got going on).

TUTOR TIP: Make sure that everything you’ve collected is in your car the night before, and have a physical checklist you go through. That way, you’re never awkwardly caught off guard missing materials.

What are the Skills Necessary to Be a Successful Tutor?

To be a successful tutor, communication is very important (just like in life!)

Client interaction is very important for keeping clients long term. If your current families aren’t happy, then they won’t pass your name and number on.

For you, the key part to this gig is to show up on time, follow up well, and make sure your clients are happy with the services you are providing.

I check in with my parents after every session and make sure I know where exactly (letter grades and percents, not just a general “we’re doing okay”) the kids stand on their classwork. I have a few parents text me throughout the week when their kid has a big test coming up and how the child did on the big test.

One tip I can give is don’t expect all of your clients to magically become straight A students. Some don’t, and that’s okay.

The goal is to get them to pass their classes, get a good SAT score, and ultimately feel successful.

Some kids define that success differently than others, so make sure you’re in tune with what the children’s expectations are and the parents’ expectations. Find the middle ground and shoot for that.

I have some kids who are B students really, desperately trying to get a few As on their transcripts for the college they’re interested in.

I have others who have failed the same math class twice and just want to get a C and be done with it.

Knowing which is which and catering to the difference is crucial to job performance.

TUTOR TIP: Kids act like they hate it when you jokingly make fun of yourself but do it anyway because they’re more likely to be honest about how school’s going if you’re honest with how dorky you are.

How to Communicate Effectively as a Tutor

When trying to understand where a student is in their understanding of a subject, I ask a lot of questions.

I ask a lot of “does this make sense?”, “are you understanding the concept?”, “can you repeat it back to me?” for every kid to make sure that

  • we don’t stay too long on one subject if they ARE understanding it, and
  • if I’m not making sense, I can immediately correct the way I’m explaining something and use a different strategy on the spot.

If things aren’t making sense, then we can fix it now, instead of after the test and a bad grade.

This part of the job takes time to hone, but it’s arguably the most important part of being a tutor and the part that you should work to cultivate if this is something you want to pursue.

With the skills of communication, asking good and thoughtful questions, and seeking to be a friend and helpful teacher to your clients, you can become a successful tutor.

Are You Interested in Tutoring to Make More Money?

I love tutoring.

It’s definitely not a passive income stream, it’s hard and frustrating at points, but it’s very rewarding.

I’m not huge into the side hustle culture because it’s exhausting.

However, this is one place where I feel my long days (some days I’m not home until 10, ESPECIALLY during midterms and finals) will pay off. My tutoring will pay off not just for us as a family, but for the kids I work with.

This is very cliche, and I’m gagging at how sappy I am, but it’s probably more true of tutoring than of others I’ve tried.

It also makes me feel personally accomplished.

My day job is very entry level “hey Moriah, here are these 12 random things – please do them”.

On the other hand, tutoring is something that I’ve done in some capacity since I was 10, and more professionally since I was 16. 

Ifeel like I know what I’m doing, and it’s in my wheelhouse.

After we’re debt-free, I plan to take a break. I will relish in the “wow, that was intensely hard, but we’re done”, before I decide to pick it back up again. Life is about balance, and hustling doesn’t have to be a secondary full-time gig if you don’t want it to be.

In the meantime though, I’m off to tutor another kid, and I’m going to have a ton of fun while doing it.

There are so many amazing side hustles out there in the world. I’ve found a side hustle I love, and hope you can too!

Readers: what do you think about this side hustle idea? Would you want to become a tutor to earn some extra income? What do you think about starting a tutoring side hustle?

 

sell on consignment

This post is a guest post from Shawn, who writes at New Millennial Investor. Over the past year, Shawn has been very successful selling furniture on consignment. He has made over $3,000 in profit through his hustle! In this side hustle guest post series, you can learn how to sell furniture, make extra income, and sell on consignment. Starting a side hustle selling on consignment might be for you. Read on below to learn how to sell on consignment to make more money.

I’ve worked at a pair of consignment furniture stores for over ten years, and managed consignment stores for six years. Throughout this time, I’ve learned a thing or two about selling items on consignment.

Unfortunately, I never took advantage of consigning items myself until last year.

Boy, am I glad I started.

In the one year I’ve been consigning items, I’ve sold over $8,000 worth of furniture and other merchandise.  This has netted me over $5,000, and over $3,000 in profit.

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Consigning furniture and other accessories is a lot of fun, and has been lucrative for me.

In this post, I want to share with you my consignment store story, talk about how you can sell on consignment, and provide an overview of the potential of starting a consignment store side hustle.

How to Make Money Selling on Consignment

As mentioned above, I started selling my own purchases on consignment about a year ago.

The very first item I consigned was a desk I bought for $43.78 from an auction.

Even though it took almost six months to sell, we eventually sold it for $295, and I received $177 (60%) of the sale.

I only paid $43.78 for it, which means I made a profit of $133.22 – a return of over $300%!

With this first sale, I was hooked. A profit of $133.22 was like getting paid for a full day of work!

Even as I’ve learned about other hustles and ways to invest, I still don’t know where else a person can get these kinds of returns for such little work.

All I had to do was bid on the item, pick it up, touch up any defects and then list it.

Even though it took 6 months to sell, when I got that first $177 check, it felt amazing. I felt empowered. It felt good to know that I could accurately pick out, price, and sell items on my own.

My side business as a furniture consignment store flipper was born.

This has been such a lucrative side hustle that I wanted to share the details of how anyone can do it.

However, there are a few caveats I have to mention which could make your experience different than mine:

  • I work at a consignment furniture store which has been around for over 30 years and has a good reputation.
  • Also, because I’ve worked there for so long, I have extensive knowledge on what does, and does not, sell in our stores.
  • Finally, I’m able to bring items in on my own, and price and list them myself. This makes it much easier than if you just were to bring items in on your own to a store.

Still, there’s no reason you can’t duplicate my results.

I hope this guide proves useful to help you consign items at your local consignment store. Let’s get into the guide on selling items on consignment, and how you can make money selling furniture on consignment.

In this post, I’ll be sharing with you how consignment works, what is consignment store, how much you can make selling furniture, and how to make money selling on consignment.

What is Selling on Consignment?

First, what is consignment and how does consignment work?

Consignment is an arrangement between you and a consignment shop where you leave goods and products at the store, and they will sell it for you.

Selling your items on consignment means you bring your items into a store for the store to sell on your behalf.

When the item sells, you receive a portion of the selling price, with the store receiving the remainder.

Pretty simple, right?

Typically, the store you will bring your items and merchandise to are called consignment stores.

What are Consignment Stores?

Consignment stores typically will focus on one type of product or piece, whether that’s clothing, furniture and home goods, antiques and collectibles, etc.

Usually, consignment stores have higher quality pieces of goods, and you can sell nice furniture and other high quality home goods at consignment stores.

For the purpose of this article, I will be talking about selling furniture at consignment stores.

How Does the Consignment Process Work?

Let’s talk about how consignment works.

If you want to make money selling furniture like I do, then understanding how consignment works is a great first step to selling on consignment.

The general consignment process is most likely the same no matter where you go.

  • You bring your item into the store to be sold during a certain period of time.
  • After your item sells, you receive a portion of the selling price, usually 40 to 60 percent (I receive 60).
    • This portion is called the “Consignment Percentage” or “Consignment Fee”. The higher the consignment percentage, the better for you, but usually around 50 percent is fair for the consignment percentage.

There may be additional stipulations you have to agree to when you consign your items, such as:

  • Adhering to the store’s markdown schedule
  • Relinquishing your item to the store after so many days have passed
  • Relieving the store from liability if something happens to your item, e.g., it breaks

Every store will have different policies and these policies will be made clear in the consignment agreement and consignment rules for that consignment shop.

Before you just start lugging stuff over to your local consignment store, you’ll want to inquire about the store’s policies and procedures to make sure you are on the same page.

Now, let’s talk about some of the items you can consign.

What Kinds of Consignment Products Can You Sell to Make Extra Income?

There are a number of different products you can sell on consignment to make extra money.

When we’re talking about home goods, there is practically an unlimited amount of products we can sell.

For my consignment side hustle, there are four types of products which I focus on consigning:

  • Furniture
  • Accessories
  • Lamps
  • Artwork

While every store accepts different items, our store has always accepted a pretty wide variety of items, focusing on high-end consignment furniture.  We also carry new accent pieces, home decor and accessories, like lamps, artwork, mirrors, etc.

While I mostly dabble in selling nice furniture and furniture flipping, I’ve also sold other home goods, like lamps, artwork, and various accessories like cains, statues, and trinkets.  I’ve even sold stuff I’ve found in other stuff, like a set of drawer dividers I found in a chest I purchased.

Depending on where you live, you may not have a local store that specializes in reselling high-end stuff.  Depending on your local store, they may take a wide-variety of things, or are more narrow in what they accept.

To make it easier on yourself and the stores, you’ll want to make sure the items you’re consigning meet three stipulations.

What Is Important When Consigning My Items?

When it comes to consigning furniture, from my experience, there are three important qualities of an item. These important qualities include:

  • the item is made from high quality materials
  • the item is in good condition
  • and the item is in demand

It’s not rocket science – people want things which are nice!

The best items to consign are items that are high-quality, in great condition and are in style now.

So, how do you know what’s a good quality or not?

It’s generally not too difficult, provided you can identify the brand. Identifying the brand is the easiest way to determine a product’s quality.

I generally avoid items with no brand because it’s much harder to sell items with no brand recognition.  That being said, if you’re flexible in pricing the item as if it’s a lower tier piece, you may be able to sell it.

Examples of Furniture Brands to Sell in Consignment Stores

A piece of furniture’s price is directly related to its quality.  A $2,000 sofa is going to be of a much greater quality than a $200 one.  That’s simply the way furniture is made.

For me, I want to be able to flip nice furniture, as these will have the best margins, but I still will flip the low-tiered pieces of furniture if they are available.

That being said, there are ranges to quality.  I categorize them into top, mid, and low-tier.

Let’s dive into each of these tiers.

Top Tier Furniture Brands for Consignment Store Selling

The top tier brands of furniture makers are going to be the best quality, and be the highest price. By knowing these brands, you might be able to find an undervalued piece with a big potential for profit.

The pieces made by these brands are known for their high quality, timeless beauty, and traditional design. The items from these top tier brands are popular all over the world, using traditional designs that have been beloved for centuries.

Pieces made by these brands are made of solid wood, are hand crafted, and feature beautiful fine-details like inlay, carvings, and painting.  They’re also typically made in the United States.

If you find pieces from these brands for cheap (or free!), you’ll want to snatch them up.

The top tier furniture manufacturers include:

Mid Tier Furniture Brands for Consignment Store Selling

A step down from the top tier furniture brands are the mid-tier furniture manufacturers.

The pieces made by these brands are good-quality, but are not considered “fine furniture” like the makers above.

Pieces made by these brands are usually a mix of solid and manufactured wood. Some of the pieces are made in America, while others are made overseas.  They can still include nice details such as inlay and hand-carving.

The mid tier furniture manufacturers include:

Lower Tier Furniture Brands for Consignment Store Selling

Finally, we have the lower tier furniture manufacturers.

I generally avoid lower-tier furniture manufacturers. The pieces made by these manufacturers aren’t very high-quality, are usually made with cheap materials, and are all made overseas.

The lower tier furniture manufacturers include:

Now that we’ve talked about brands, I will provide a number of examples of items I’ve sold on consignment to give you a taste of what is possible.

Examples of Furniture Items Sold on Consignment

As I mentioned above, there are so many different things you can sell on consignment.

For my consignment selling side hustle, I’ve focused on upholstery, case goods, and accessories.

Within each of these categories, there are a number of items which you can find at different auctions, thrift stores, estate sales, or online.

Before going into how to find these items, I’m going to share with you all of the different items I’ve sold in the last year.

Upholstery Items Sold on Consignment

Upholstered pieces are any items that you can sit or rest on. Upholstery includes:

  • Sofas
  • Club Chairs
  • Side Chairs
  • Dining Chairs
  • Ottomans

Below are examples of sales in each of these different upholstery pieces.

Selling Sofas on Consignment

An example of a sofa I’ve sold is this Ethan Allen Whitney sofa.

This sofa sold for $600.00. Originally, I purchased this sofa (with an ottoman) for $156.35. After the sale, I received $360 – a profit of $203.65!

Selling Club Chairs on Consignment

Club chairs are large arm chairs, usually designed for lounging or curling up on.

An example of a club chair I’ve sold is this C.R. Laine club chair with ottoman.

I purchased this chair for $87.56, and it sold for $350.00. My cut was $210.00 – a profit of $122.44!

Selling Side Chairs on Consignment

Side chairs are chairs that don’t have arms, are usually smaller, and are designed to be used for desks, tables, or as occasional chairs.

An example of a side chair I’ve sold were these two upholstered side chairs. I purchased this set for $31.27, and they sold for $200. My cut was $120, which resulted in a profit of $88.73!

Selling Dining Chairs on Consignment

An example of dining chairs I’ve sold are these TON dining chairs. I purchased a set of six for $106.32, and they sold for $595. After receiving my cut of $357, I ended up with a profit of $250.68!

Selling Ottomans on Consignment

Ottomans are low footrests designed to be used as a footrest or cocktail table in front of a sofa.

An example of an ottoman I’ve sold is this Fabric Possibilities ottoman that sold for $250.00. 

I originally had purchased it for $31.27, and after receiving $150 – I ended up with a profit of $118.73!

Case Goods Items Sold on Consignment

Case goods are another type of furniture item I’ve consigned.

The term “case good” refers to an entire category of furniture, usually made out of wood, that either serve as storage or other practical functions.

This ranges from side tables and dining tables to pieces like chests, dressers and nightstands.

Selling Dining Tables on Consignment

Dining tables come in a variety of shapes, sizes, colors, finishes, etc.

An example of a dining table I’ve sold is this rustic four-piece set that sold for $350.00. I purchased this dining table for $107.57, and received $210 – a profit of $102.43!

Selling Desks on Consignment

An example of a desk I’ve sold was this cherry writing desk that I sold for $175 in cash.  I purchased the desk for $38.77, netting me $136.23 in profit!

Selling Side Tables on Consignment

An example of a side table I’ve sold is this leather top side table. This side table sold for $195.00. I purchased it for $25.02, and received $117 after the sale – a profit of $91.98!

Selling Cabinets on Consignment

An example of a cabinet I’ve sold is this tall oriental cabinet.

This cabinet sold for $495.00. I purchased it for $75.05, and after the sale, I received $297. This resulted in a profit of $221.95!

Selling Dressers on Consignment

An example of a dresser I’ve sold is this Harden dresser that sold for $495.00. I purchased it for $68.79, and after the sale, I received $297. This resulted in a profit of $228.21!

Selling Chests on Consignment

An example of a chest I’ve sold is this Vaughn-Basset chest that sold for $300.00. I purchased it for $93.81, and after the sale, I received $180. This resulted in a profit of $86.19!

Selling Nightstands on Consignment

An example of a nightstand I’ve sold is this rustic nightstand that sold for $225.00. I purchased it for $62.54, and after the sale, I received $135. This resulted in a profit of $72.46!

Accessory Items Sold on Consignment

Finally, there are some accessory items which I’ve sold on consignment. These items could include decorations or functional add-ons to another furniture piece.

Selling Drawer Dividers on Consignment

An example of an accessory I’ve sold are these drawer dividers.

I got these for free from a chest, and they sold for $35. I received $21 of that $35, a nice $21 profit!

Selling Elephant Statues on Consignment

Another example of an accessory I’ve sold is this elephant statue. This elephant statue sold for $35. I purchased it for $6.25, and after receiving $21, ended up with a profit of $14.75!

All of these items and examples I’ve listed above can be found and sold. It might take a while to find an underpriced item, or one which you can sell for a lot, but there are deals out there.

Now that I’ve shown you a number of examples of furniture pieces I’ve sold, I will talk about some of the techniques and strategy behind consigning items as a side hustle.

How to Determine if an Item is Worth Selling

Because you (most likely) don’t manage a consignment store, it won’t be up to you to set the price – the store will.

Unfortunately, this leaves you at the store’s mercy.

So, you are left with the question, “how do you know if an item is worth selling if you don’t get to set the price yourself?”

As a rule of thumb, for items which are brand new to a year old and in good condition, you can expect to sell the piece for about half of purchase price.  Then, depending on the piece’s quality and brand, condition, marketability, etc., I may go down from there.

While this rule doesn’t always work, I’ve found that it’s at least a good place to start.

For example, I sold this kinda hideous Ethan Allen Whitney sofa on sale for $600, after starting it at $795.

While it’s a nice quality sofa, the pattern itself is quite…unmarketable.

You can see on Ethan Allen’s website this line of sofas originally went for $3,000.00, and then on sale for $2,400.00.

That means, feasibly, I could sell my sofa for $1,200.00 then, right?

Not with that pattern.

See, an item’s desirability is directly determined by its marketability, which is determined by the piece’s quality, design, and appeal.  The more narrow the appeal, the less likely your piece will sell.  If an item is a high quality piece, but it’s in an ugly color or fabric, it won’t matter that’s it’s expensive.

It’s like painting a Lamborghini like a checkerboard.  I mean, it’s still a Lambo, but… it’s a checkerboard.

Not a lot of resale appeal there.

That being said, I’ve had great luck with selling lots of pieces at half of purchase price or above.  As long as your item is a good piece in good condition and it’s marketable, you should do fine.

Keep in mind that most stores have experience setting prices, and really it’s in their best interest to get as much for you (and themselves) as they can.

What Items You Should Consign

Now that we have talked about some of the strategy behind the mindset of the consignment stores, let’s talk about which items you should consign, and how you can source your items.

When thinking about which items to consign, this will be very dependent on where you live.

From the perspective of this post, I don’t have an answers which will cover everyone, and for you, this is probably going to be the most difficult question to answer.

There are so many factors that dictate what is going to be popular in your area.

In the city I work, we’re known for very traditional high-end furniture like this:

 

Kindel Pembroke Table
Kindel Varney & Sons Sideboard

However, this may be totally different than the style typically seen in a downtown New York apartment.

Because of this, it’s going to be difficult for me to tell you what you should buy and consign.

The best way to determine what is popular with consignment stores in your area is to just ask your local store what’s most popular, and then try to find pieces like that, using the above criteria.

Next, let’s discuss where you can source items to sell on consignment.

Where to Source Items to Sell on Consignment

When flipping any retail merchandise for extra income, sourcing is the most important thing to focus on.

How you source your items most will most likely vary depending on where you’re located.

If you’re in a dense packed city, you may use garage sales more frequently than someone who lives in a rural area.

It’ll be up to you to figure out how best to source your items.

There’s practically an unlimited number of ways to get inventory, but a few great ways are:

  • Auctions
  • Garage Sales
  • Trash
  • Online, through Craigslist or Offer Up

Let’s go into each of these in more detail.

Using Auctions to Find Items to Consign

Auctions are a great way to find items to sell on consignment.

I mainly use auctions to source my items.

I’m lucky there’s a huge auction house just twenty minutes away from me which has a new auction every week with hundreds of new items, sourced from all over. The items come from private estates, repossessed pieces, clearance items from stores, etc., and there is a ton of variety.

Auctions are a great way to get good, high quality stuff from a diverse variety of sources, and generally at good prices.

Sometimes, you can get things for a steal if you have more knowledge than the average consumer.

Being knowledgeable about furniture (and being willing to do the research), has made all the difference. For example, I just won an auction for a set of four of these TON chairs for just $18.76.

You wouldn’t know it from looking at them, but these normally retail online for over $300 a chair.


The only reason I won them was because I recognized the potential in them and then did my research.

For me, much of my knowledge comes from knowing, understanding, and appreciating fine furniture.

It’s not something I was planning to get into, but it was where I went in my professional life, and now I understand a lot about the industry.

Perhaps you have a skill or knowledge about a particular industry that you can leverage in this way?

Here are a few sources to help you find auctions in your area:

Using Garage Sales and Estate Sales to Find Items to Consign

Garage and estate sales are other places you can find items to consign.

I don’t really go to estate or garage sales too frequently because, quite frankly, most people don’t purchase high-end furniture.

The average person doesn’t really have an appreciate for fine furniture. And why would they? They have kids and pets and relatives, and any number of things that aren’t really compatible with having a $25,000 dining table.

Not exactly practical.

However, estate sales can still be a good way to get good furniture, provided that the estate doesn’t belong to a person a million years old.

Unfortunately, I don’t have many tips I can offer on estate sales, but I will say:

  • Bring cash or a check
  • Get there early

Most garage/estate sales will be cash only, so you don’t want to get caught with your pants down only having a card.

Also, most garage/estate sales can be pretty popular, so the earlier you get there, the earlier you’ll have access to the best stuff.

I locate estate sales with the following website: Estate Sales Org.

Can You Find Items to Sell in the Trash?

Sometimes in the trash, you can find treasure. Looking in the trash can sometimes lead to finding items to consign.

I haven’t found furniture this way myself, but I’ve heard of many people getting perfectly good furniture from the side of the curb.

Always be sure to ask if you can have something before just taking it, though.

I once made the mistake of leaving a couple tables near the curb in our yard while I went to go pick up some more items from an auction, and when I came back they were gone. That really made me mad.

So I’ll say it again: don’t just take stuff from people’s yards.

Can You Find Items on Craigslist/Offer Up to Sell?

Finally, you can find items to consign online by using different apps and marketplace websites.

I haven’t gotten any of my items from Craigslist or apps like Offer Up, but I have heard of people successfully sourcing items from there.

If you have an eye for furniture/accessories, it may be possible for you to flip items using these sites.  Just be careful – there are a lot of weirdos out there.

Here’s a link to Craigslist.  If you go to the “For Sale” section, you can see all the available furniture people are trying to sell.

Now that we have talked about sourcing items to consign, let’s talk about the profit potential of selling on consignment, and some of my recommendations for you if you think consigning could be a fun side hustle.

How Much Money Can I Make Consigning Furniture?

Consigning furniture can be a lucrative side hustle.

You can make a decent amount of money selling furniture.

Last year, I profited over $3,000 selling furniture by consigning furniture and accessories.

If you can acquire good-quality items at a cheap price and can consign them at a nice store, you can definitely make some good money.

Not bad for a side hustle which takes just a couple hours a week.

If you were to sell one item a month, you could make a few hundred dollars extra this year. Ramping your efforts up to selling multiple items a month could lead to a few thousand dollars in income this year.

If you can get a steady stream of items and have a regular store you can go to, there’s no reason consigning furniture can’t be a lucrative side hustle for you.

Common Misconceptions About Selling on Consignment

One of the most popular misconceptions about consignment furniture is with how much money people expect to make.

Most people are woefully unrealistic about what their furniture is worth.

Per the rule of pricing listed above, at most you should expect to have your item listed for half price, after which it sells you may get a 40/50/60 percent commission, depending on the store.

This averages out to about one-quarter’s worth the original purchase price.

Not a crazy amount of money, depending on the piece – but that’s why we’re not selling our own items, we’re selling items we’ve gotten for cheap.

Advantages and Disadvantages to Placing Items on Consignment

While selling your items on consignment can be a great way to earn some extra money, it does have some advantages and disadvantages compared to selling your stuff in a more traditional way.

Advantages of Placing Items on Consignment

One of the biggest advantages of selling your items on consignment is that it’s way less work for you than flipping things on eBay or a similar marketplace platform online.

You don’t have to worry about taking pictures of your item, listing it on a site, dealing with people calling you, haggling over price with customers, worrying about storage, the shipping of items, etc.

All of that is handled by the store on your behalf.

That being said, there are some clear disadvantages to selling items on consignment:

Disadvantages of Placing Items on Consignment

There are a few disadvantages of placing items on consignment. These disadvantages include:

  • Less Control Over Price
  • Limited to Your Geographical Area

One of the biggest disadvantages of selling items on consignment is that you don’t have any control over what your item is priced at.  If the store thinks your piece will only sell at $85 but you think it’s worth more, you either take their offer or try to sell it on your own.

Another disadvantage of selling at a consignment store is that, especially if it’s a small business, the business is limited by its geographical area.

Unless the business has a website that can help get your item seen by people all over the United States, it’s likely that someone from your area will have to purchase the piece.  This means there is less chance your piece will sell because it’s limited by the local market.  Trying to sell a blue bowl on consignment in a market that doesn’t like blue bowls will make it difficult for your piece to sell.

Are You Interested in Starting to Consign Items to Make More Money?

Hopefully this post has given you a lot of great information into the world of consignment stores and selling furniture and other items on consignment.

If you have knowledge of furniture (or are at least willing to do the research) and have a reputable consignment store in your area, then consigning furniture and accessories may be a great way for you to make some money on the side.

Googling “Consignment shops near me” can help you start this side hustle, and then by following this guide, you can be on your way to selling furniture and selling other products on consignment to make more money.

Again, using the techniques listed above has netted me over $3,000 in profit by selling furniture!

Clearly, there is money to be made flipping furniture. Just give it a shot!

There are so many amazing side hustles out there in the world. I’ve found a side hustle I love, and hope you can too!

Readers: what do you think about this side hustle idea? Would you want to become a flipper to earn some extra income? What do you think about starting a flipping side hustle?

How to make money selling used and consignment furniture

flipping side hustle

This post is a guest post from Daniella who writes at iliketodabble. Over the past few years, Daniella and her wife have been making money through flipping guitars and other items found online, or at thrift stores. In this side hustle guest post series, I’m looking to inspire others with unique stories of how people are making some extra money. Starting a side hustle as a flipper might be for you. Read on below to learn how to start a flipping side hustle!

My wife and I started our flipping side hustle together back in 2017 around the same time I started iliketodabble.com. Flipping is whenever you purchase something you know you can resell for a profit.

We flipped items on our own before we ever met each other, but they weren’t nearly close to the volume we’ve done since we met.

My wife is a huge guitar collector, and when we were thinking of ways to make extra money on the side, we turned to the guitars. At the time, we were also in the beginning process of decluttering, so we were also looking for ideas of what to sell.

It was like a light bulb went off in her head. Just like that, she got me on the bandwagon.

There is this thing with flipping. Whether it is online or thrift store flipping, etc; it is addictive.

It is a rush when you can find something for $5 at a store and can resell that same thing for $100 online. Like when she finds an underpriced guitar on eBay listed for $250 that she knows she can resell it for $850+, things get REAL.

A $600+ profit just for buying something, and then selling it for more? That’s what I’m talking about.

In the rest of this post, I’m going to share with you our story of flipping guitars, how you can start a flipping side hustle, and my recommendations for flipping underpriced items.

flipping side hustle guitar

How to Get Started Flipping Guitars and Other Underpriced Items

First, let’s talk about how we got started with our flipping side hustle.

At the beginning, my wife started listing a couple of guitars and accessories for sale on her eBay account and they went quick. After this, we bought a couple more off of eBay with some of that money.

We only were looking for lower priced guitars that we knew would sell for much more than they were currently listed for.

How did we find them so cheap? With some knowledge of the guitars, we could figure out when a seller doesn’t realize the brand and rarity of the guitar they’re selling.

After figuring out our acquisition and pricing for a number of different guitars, we started to branch out from eBay, We got acquainted with some other marketplace apps to get the listings in front of more eyes on apps including:

  • Reverb
  • Sweetwater
  • Facebook Marketplace for larger items we don’t want to ship, such as guitar amps

After figuring out how to flip guitars successfully on multiple platforms, we then branched out with computer accessories, collectibles, and even designer handbags (which I love!!)

For the designer handbags, I started following her advice for finding lower priced items to flip on eBay. I also used apps like Poshmark and Mercari (as the people on those apps browsing for designer brands are much greater than eBay for certain brands). Here are some more sites and apps for selling using this list.

How to Price Items to Make a Profit Flipping

Before buying an item, you want to figure out what price you will look to sell at to see if it’s worth the purchase.

We price items in a variety of ways, but always start with the eBay search function and filtering on “Sold items” to see what they were recently sold for. Then we work around that price.

side hustle ebay

We always go a bit higher than what they were recently sold for (and this has seemed to work for us).

You can also use specific product knowledge to get an estimate of the sales price. My wife has a lot of knowledge of guitars, and knows what certain guitar brands are selling for at Guitar Center, other music stores, and other apps.

Using eBay’s search will help, but also important to compare prices across platforms. 

If an item doesn’t sell right away, it is ok. We have busier times and slower times. Usually the summer and holidays are pretty strong, whereas March and April are sometimes a little slow.

What sort of skills do you need to be a “flipper”?

Flexibility for communication with buyers and patience are must have skills for this side hustle. Also, it’s important to have a passion for research and basic photography skills.

Finally, try as hard as you can to stand firm on your pricing.

Buyers will jerk you around and try to convince you that what you have isn’t worth the price you list it for.

Don’t believe them when they send you an offer of $30 on an item listed for $100.

I always send those offers back with the original price. I might drop it by $5 or $10 if the item has been sitting there for a while and not getting any bites. It’s possible I may drop the price more though if I want to just get rid of the item (I have less patience than my wife does who hardly ever gives deals for guitars.)

If we get “low balled” on a guitar, we always counter with the original price but offer to throw in a freebie like guitar pics or a soft case.

Again, communication is very important for flipping, and staying firm on your price will allow for higher profits and income over time.

How much money can you make with flipping thrift store items?

The potential for how much money you can make flipping depends on the products you flip. Flipping guitars works great for us because we can flip 1 guitar and make $500 off of it. I would have to buy and resell a lot of bags and clothes from the thrift store to equal that.

Something to consider is any repairs or modifications before listing.

There are times where we have to make minor repairs or modifications on guitars before listing. This way, we can we can list them higher. We do take these repairs into consideration, because time is money, right?

The less effort you have to put into a flip, the better.

We recently sold a Gibson Firebird for $525 (not including shipping). We bought it at $316, giving us about a $200 profit. This isn’t as high as other guitars, but there was no work required on it what-so-ever. With zero effort on our part, besides packaging and shipping it, $200 is pretty good.

There have been months where we made over $2,000 flipping guitars and other items, and then other months like April where we made a little less than $300. The most expensive guitar we sold was a Gretsch for $950.

For us, our profits have depended on how much we have listed, how quickly we can get new ones listed when others sell, the demand and timing. 

We are not flipping geniuses either. We make mistakes.

One example of a mistake was when I pressured my wife to sell a guitar she got a fairly good offer on. I was being rushy as I normally am (I am a restless Virgo that has no patience – I am working on it ☺ ). A couple of months later that same guitar was selling for $400 more than what we sold it for! 

Take that lesson and know if a sale doesn’t feel right to you, and you know you can make more if you wait, then wait.

Guitars are definitely a sort of investment where their price can grow over time with certain brands.

Our Recommendations for Your Flipping Side Hustle

Disclaimer: Guitars are expensive. Don’t try to buy a random one you found for cheap to flip without researching as much as possible about that certain guitar.

Flipping guitars isn’t a common side hustle, but isn’t a hard one if you know what you’re doing.

You have to really love guitars to know the exact pricing for some of these brands depending on where they were made, when they were made, how many were made, rarity, demand, specific modifications, etc.

Whatever it is you want to try flipping to make extra money, make sure you like reading about it, researching about it and browsing for it online and in stores. The item has to be something you truly love. I don’t love guitars, so my wife does all the research for them.

I do however love taking pictures, helping with packaging and shipping. 

For me, I love browsing for designer items and collectibles to add to our flipping inventory, and focus more of my research and purchasing on these things.

When I start researching, there are a number of things I look out for when purchasing an item to flip:

  • The item’s condition
  • Is it a special edition or rarity?
  • What is it currently selling for (or sold for) on eBay?
  • How much profit do you think you can make?
  • How will you package and ship the item and the costs of that? Be sure to charge enough to cover these costs.
  • Are there any additional fees involved if you are selling on an app (yes, eBay charges selling fees)?

With these things in mind, then I will go ahead and purchase, or move on to the next item.

At the end of the day, flipping is a lot of fun and can be done by anyone with a little bit of capital!

Are You Interested in Flipping? Being a Flipper is so much fun!

Flipping has been around forever and isn’t going anywhere. If you have an addictive personality, you will do GREAT at this side hustle. However, with many things in life, patience is key.

There is always opportunity to earn more by gaining experience and knowledge, and applying that knowledge. If you see a great opportunity, go for it.

The more you flip, the more you want to flip.

We started with guitars. Now, with over 40 guitars and accessories, we are flipping anything from guitars, hard drives and Funko Pop! to Prada handbags and records.

Like I said, it is pretty addictive. Don’t say I didn’t warn you.

There are so many amazing side hustles out there in the world. I’ve found a side hustle I love, and hope you can too!

Readers: what do you think about this side hustle idea? Would you want to become a flipper to earn some extra income? What do you think about starting a flipping side hustle?

Make Money Flipping For Profit

Make Money Flipping For Profit

Make Money Flipping For Profit