5 Money Making Ideas

Whether you want to work from home to earn money for life’s little “extras”, or whether you are looking for a solid source of income, you  probably want some money making ideas. The good news is that there are some things that you can do, working mainly out of your home. CNN Money has 5 money making ideas that aren’t terribly hard to get started with:

1. Consulting: You can become a consultant in your field of expertise. With contract workers in higher demand, this could be your chance to do a little consulting.

2. Look for yield: This requires that you show a little investing savvy. Find some investments that are paying a competitive yield right now, or look into dividend investing. You can also use peer to peer lending as a source of yield. But with any investment, you need to be prepared for the possibility of loss.

3. Landlord: If you have empty space, or if you think you can get a good deal on a unit of some kind, you might try landlording. But this can be difficult to get started with, and devastating if you can’t find renters.

4. Teach college: You can be an adjunct at a local college, teaching part-time and still earning a decent wage. Other institutions of high learning look for professionals to help teach online classes. You may need a Master’s degree to qualify, though.

5. Turn your hobby into money: If you enjoy crafts, or writing or any number of hobbies, and there is a market for your products and services, you might find it possible to make some money.