Finance Magazine

How To Go About Earning Extra Income

Posted on the 20 October 2009 by Allagrobusman @allegrobusman

Having extra income means taking on a job apart from the one giving you regular income, like another job to support your day job. The income generated from this new job, is usually used to pay off debts, or to build up capital, or to obtain the luxuries that you want. Everyone would love to have extra money but come to a standstill because they don’t want to take on a second job. Thus, extra income becomes a windfall that nobody addresses.

Comparing the income levels of different countries, it becomes evident that the average annual income of a person is less than $15,000. This income makes most people belong to the breadline bracket. And thus, the need for extra income becomes more evident.

But there are other countries that have an average income of more than $15,000, and thus, their contentment becomes more marked. Or it should, but that’s not the scenario that is happening. Take into account that an average American ranks richer in terms of income, compared to an average Indian or Austrian, but they are less happy or content. Why?

People have been lead to believe that happiness is directly proportional to the amount of money that one makes. But what happens is that people have come to compare their income with that of a norm that is also steadily increasing. With the increase in this norm, it becomes apparent to them that their income cannot substantiate their need to keep up with the rising norm.

There are two things that drive up the norm with which people compare their income to: First, is the income that they have had experienced, which propagates them to a higher standard of living. The second is that they look at the income that their neighbors, friends, and colleagues get, which they then try to outdo.

This temerity of trying to outdo one’s self and one another has lead to the booming world of getting extra income. Usually, it drives people to use skills that have been dormant, to generate more income. To achieve a certain degree of success in this field, one should know their underlying strengths and determine the best way to make use of those strengths to gain more income.

The extra income can also be augmented by doing extra seasonal chores like raking leaves in the fall or clearing snow in winters. These are just a few ideas, but making an extra income augmented with self analysis will take away the need for a second job.

Nowadays, technology through the internet and the general market offer lots of ideas to generate an extra income. Network marketing has been successful to some extent. The internet has a lot to offer such as: affiliate marketing, host of other opinions such as writing, advertising, and simple technical non-technical jobs which highly augment your income in regular basis. The earned income from these opportunities will depend on how good you use your skills in the field of your selection.

You can purchase or get free Email leads from a source and use them in a marketing campaign.

 

Business Opportunity Leads!

Back to Featured Articles on Logo Paperblog