6 ways to supplement your fixed income

With a little creativity and hard work, you can supplement your income by freelancing on different platforms. (Rawpixel pic)

Your monthly earnings do not have to be limited to your salary. There are various ways to make extra even with a full-time job.

Here are six examples of how you can supplement your salary with side income.

1. Freelance on different platforms

Everyone has something that they can do. If you know how to speak various languages, you can translate texts and tutor students.

If you have some skills in writing and proofreading, you can produce web content for new sites. Assess your skill set, and use it.

Once you have determined what you can do, look for a platform where you can find potential clients.

Fortunately, the internet has made it rather easy for people to market their skills and to find freelance work. You can already visit various sites such as oDesk, Fiverr and Freelancer.

The rate for freelance work may depend on your skill set, the scope of the project, the budget of the client and even the rates suggested within the platform.

At Fiverr, for example, you can charge at least US$5 for every gig or project you get.

2. Buy and sell items

Visit thrift stores and garage sales in your local area, and collect cheap but good quality items that you can resell at a higher price. You have the option to sell these through an actual flea market or a virtual flea market such as Carousell or even eBay.

Aside from being a good source of extra income, this endeavour can also be a fun family activity.

This can be especially enjoyable for those who love shopping and haggling. Try to bring your kids along while hunting for good finds, and see if they enjoy it too.

If you’re good at baking and cake decoration, what’s to stop you from making a side income from selling these? (Rawpixel pic)

3. Engage in arts and crafts

Unleash your artistic skills, and create things that you can sell on online platforms such as Etsy.

There are many things you can create from cards to knitted items, jewellery, paintings, baked sculptures and many others. You can also repurpose found items into interesting artworks or useful furniture.

4. Tutor students

There are tuition agencies that match tutors with students who need assistance in their learning. You can easily sign up as a tutor at their websites for free.

You only have to verify your identity by submitting soft copies of your identification card and certificates or transcripts.

Once your account is verified, make sure to list your field of expertise and any other unique skills to quickly find someone you can tutor. The rate will depend on your qualification as well as the level of your student.

5. Look for odd jobs on Craigslist

Browse the Craigslist section for odd jobs, and see if you can help a few people in your area to move their things or to do their yard work.

If you live within a tight-knit community, you may not even have to go through Craigslist or other online platforms to find jobs. Simply talk to your neighbours, and ask if they need help with anything and how much they can pay you for doing it. The rate for these odd jobs largely depends on the scope of work.

6. Sell photos at stock photography websites

If you are good at taking photographs, try setting up a portfolio and marketing yourself at photo-sharing websites like iStockphoto, Shutterstock and Fotolia. You can also license your pictures at Flickr, which has already teamed up with Getty Images.

This article first appeared in The New Savvy.

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