6 Easy Ways to Earn A Side Income Online

In Singapore, where costs are ever running high, you may find that your current wage is direly insufficient to help you save up for that big-ticket new car or house that you have been hankering after. As such, it is unsurprising that many Singaporeans are seeking to take up side gigs outside of their day job, where they are able to earn a quick buck or two in their leisure time.

That being said, perhaps you cannot expect to earn thousands from such additional sources of income – after all, you are hardly committing to them full time. However, the benefit of such side gigs is that they do not interfere with your usual day job, and instead allows you to capitalise on your free time as well as your unique hobbies, to reap some additional side income from which you can better achieve your newest 2015 financial resolutions!

If you are an avid Internet-surfer who is out to find ways to take up a side gig of your own, here are 6 easy ways for you to earn a side income online. These 6 methods of earning additional income online are so easy that almost anyone will be capable of taking them up – no matter if you are 14, or 40! All you need is some free time to spare, a computer, and the ability to read and write English, and you are good to go!

 1. Write music reviews online

(Image credit: http://www.sirdalski.me)

Are you a music enthusiast? If so, you might want to consider leveraging on your passion to write some music reviews on Slicethepie in your spare time.

On Slicethepie, you are paid for every music review that you write. Slicethepie is an online music community, where new bands upload their newest singles or demos, and reviewers can provide these bands with constructive criticism based on the soundtrack’s beats, melodies, vocals or production.

Although Slicethepie may not pay out a significant amount (reviewers start off with a base rate of 2 cents per song – a little paltry, but detailed reviews tend to get awarded more), it is a good way for music lovers to spend their time constructively to help out fellow musicians and earn some spare cash in the process. Plus, you get to listen in on exclusive tracks that have yet been released into the mainstream – what’s not to love?

(Image credit: http://onlinefanatic.com)

2. Get rid of unwanted belongings on Carousell

If you find that your household is becoming rather cluttered with things that you no longer need, or items that have not quite come into use despite having been purchased five years ago – well, it is certainly time to let go of these preloved goods to better owners who will give them their due use instead of hoarding them in over-packed storerooms. And how should you go about finding these very ‘new owners’? The answer is simple – Carousell.

Carousell is becoming quite the household hit in Singapore, despite its recent inception in 2012. In fact, it is so popular that it seems to have garnered a permanent stay-hold on the App Store’s Top Charts. Through Carousell, buyers and sellers are brought together in an online marketplace.

If you have the time to spare, why not lay out all your unwanted items, snap a few pictures of them, and upload them onto Carousell, where potential buyers are abound? Surely, with the sheer extent of its reach – given that almost everyone has a Carousell account these days, it would be easy for you to find buyers who are willing to take over ownership of your preloved goods.

Certainly, clearing off your unwanted belongings through Carousell will allow you to earn some quick cash, and clear out your rooms for the new year!

3. Leverage on social media

Are you an Instagram addict? Or perhaps you might think of yourself as an up-and-coming blogger? Do you have relentless witty quips to share on Twitter? Or do you have a remarkable presence on Youtube?

Well, if you have a deep love for social media, and for sharing your adventures and exploits with the rest of the world, consider making use of your social media accounts to earn a quick buck. Companies are constantly looking for new faces and personalities to promote their products, and publicise their brand name. If you find that you have a sizeable number of followers on these social media platforms, you may be able to approach companies and successfully gain sponsors and paid advertisements, with which you can easily earn up to a hundred bucks or more per assignment.

Singapore has certainly made a fine art of social media influencing – just look at our top bloggers who are able to land even car sponsorship deals effortlessly! Anything and everything can be promoted on social media these days; why not hop on the bandwagon while it’s hot?

4. Carry out online surveys

Another way of spinning some quick cash would be to fill out surveys online in your spare time. Corporations are constantly looking out for consumer feedback, and searching for new ways to identify the newest consumer trends. As such, giving your opinion in the form of paid online surveys can be deeply valuable to such firms, and you will receive due payment in the form of cash or shopping vouchers – a worthy transaction indeed!

Some of such paid online survey sites would include Opinisurveys, Toluna, and Mysurvey. But these are certainly not the only available survey sites. There are numerous online survey sites out there on the net, and all you need is to draw up a quick Google search, and you’ll be well on your way!

That being said, several paid online survey ads found on the Internet may turn out to be scams, so it is duly necessary to be discerning of any survey sites that promise rewards that seem too good to be true. Also, check up on the credibility of any new online surveying sites on the Internet.

If you’ve done your sufficient homework, then certainly carrying out online surveys is a remarkably easy and lucrative way of earning some extra moolah in your free time.

5. Publish an e-book

(Image credit: http://literatureset.com)

Do you have a flair for the written word? Do you have an undying passion for writing? Do you dream of getting published? If so, consider writing and publishing your own e-book! Given the rise in popularity of the e-book reader, e-books are gaining an ever larger audience, and surely you will be able to find a suitable audience for your very own book.

To publish an e-book, you can consider self-publication, or publication by legitimate publishing firms.

If you opt to self-publish, do bear in mind that you will have to cover all the costs of publication, and you might even potentially make a loss if your e-book fails to sell well. However, a major perk is that each sale of your e-book goes fully to you, and you have total ownership of your e-book.

On the other hand, if you seek to be published, it may prove an extended period of rejection until your manuscript lands into the hands of the right publisher who sees the potential in your work. However, it will eventually prove fruitful when your book is published, as such publishing firms often carry a more reputable brand name in the market which will help you to attain more sales for your book, and you will then be able to reap royalties from the sale of your e-book.

While the competition may be tough in the e-book industry, if you happen to land a hit, this may prove to be your fortune maker indeed!

6. Sell your handicrafts

(Image credit: www.flickr.com)

In an age of industrialisation, where clothing and accessories are mostly mass produced or manufactured in factories, there has certainly been a surge in demand for hand crafted items in recent years. Goods that are produced in mass are often perceived to be common and mundane, and it is little wonder that several would rather shell out more money for unique hand crafted products. If you have a ‘crafty’ side (forgive the pun), why not put your skills to good use and create some handmade baubles for sale?

Etsy is an international online marketplace which curates an eclectic mix of independent stores which specialise in the crafting of handmade items, as well as the sourcing of vintage. As such, if you would like to peddle your home made wares online, Etsy is certainly the perfect place to host your online store as shoppers on Etsy are out to specifically find exclusive and uncommon handmade crafts and you will certainly be able to land a customer or two!

Not to mention, given that Etsy is popular internationally, you will be able to reach a wider range of customers than simply homely Singapore.

However, it is worthy to note that Etsy charges a fee of $0.20 USD for each listing. If you are unwilling to pay such fees, perhaps you can turn to Carousell or Instagram – both of which are entirely free platforms, to promote and sell your goods instead.

Read More...

11 Cheapest Items on the First Months of 2015

Some items are cheaper at certain times. Hence, with planning and knowledge, you will be able to save more money when purchasing throughout the year.

Here are the 11 cheapest things to buy from January to March 2015:

IN JANUARY

1. HOLIDAY ITEMS

Holiday items such as surplus or unused gift cards, Christmas decorations, and wrapping papers are now selling with discount in stores and in the Internet (e.g., eBay or Carousell). Buy now, as their condition and use will remain ’till next year.

2. LINENS AND BEDDINGS

Retailers offer huge discounts on sheets, towels, and blankets in January. But, keep an eye on it all year round, since retailers will put last season’s stuff on sale when new products come out.

3. VIDEO GAMES

Numerous video games go on sale after the holidays are over. Check out Steam and other gaming retailers for discounted prices.

4. COMPUTERS

Image Credits: Stefan Ledwina via Flickr

Image Credits: Stefan Ledwina via Flickr

Like video games, companies offer discounts on older computer models to prepare for the upcoming release of new components and systems.

IN FEBRUARY 

1. MOBILE PHONES

Some stores offer hand phone sales or even a buy-one-take-one scheme during Valentine’s Day. It may seem strange but it’s true.

2. WASHER, DRYER AND AIR CONDITIONER

During cold weather months, many appliance stores offer air conditioners at cheap prices. Also, old models of washer and dryers are being sold with good deals.

IN MARCH

1. WEDDINGS

Image Credits: Katsu Nojiri via Flickr

Image Credits: Katsu Nojiri via Flickr

Tying the knot in this month means taking full advantage of the discounted prices on reception venues, catering, and photography. You must always be cautious of the venue’s weather.

2. CHOCOLATES

The surpluses from last month’s chocolates are sold for lower prices.

Image Credits: John Loo via Flickr

Image Credits: John Loo via Flickr

3. LUGGAGE

Retailers offer discount on luggage before vacation seasons of spring and summer arrives.

4. GOLF CLUBS

New models are coming out for the summer, so your local golf shops are pushing the old ones out. What’s more? Last year’s gold club models are much cheaper.

4. DIGITAL CAMERAS

Consumer reports and marketing analysis prefers grabbing digital camera in March and April, as sales are the best.

Sources: Reader’s Digest and Lifehacker

Read More...

Learn About Mutual Funds Before Investing

Mutual Funds

Mutual funds are investments that gather the investors’ money into a pool to make multiple types of investments, known as the portfolio.

Professional money or investment managers, who invest the fund’s capital and attempt to produce capital gains for its investors, operate the mutual funds.

The investment manager’s compensation relies on how well the fund performs. In this way, you can be assured that they will work hard to make sure the fund grows well.

Image Credits: Steve Jurvetson via Flickr

Image Credits: Steve Jurvetson via Flickr

As a mutual fund investor, you become a “shareholder” of the mutual fund company. When there are profits you will earn dividends. When there are losses, your shares will decrease in value.

Mutual funds are diversified or are made up of different investments to lower the risk of loss.


Advantages of Mutual Funds

1. Mutual Funds give small investors the access to professionally manage, diversified portfolios of equities, bonds and so on. This is difficult and nearly impossible to create with a small about of money.

2. Each shareholder participates proportionally in the gain or loss of the funds.

3. The experts handle your money professionally…so even if you have little knowledge on stocks, you may learn as time goes.


Three Categories of Mutual Funds

1. EQUITY FUNDS. Equity funds are made up of common stock investments alone. Although this can be riskier, this can earn more money than other types of funds.

2. FIXED-INCOME FUNDS. Fixed-income funds are made up of government and corporate securities. Since the government and corporate securities provide fixed return, the risk of the investments are low.

3. BALANCED FUNDS. Balanced funds combine both stocks and bonds in the investment. It offers a moderate to low risk. So before investing to mutual funds, you will have decide how much risk you are willing to take.

Why Should You Invest in Mutual Funds?

Sources: Investopedia and HowStuffWorks

Read More...

5 Expert Money Saving Tips

It is the beginning of a new journey entitled “2015”. There is a long way ahead and the worst is behind us. The future looks so much brighter! As you lay out your plans for the New Year, why don’t you take on the important goal of saving money?

Here are 5 Money Saving Tips from the Experts

1. GET POSITIVE MOTIVATION FROM FRIENDS AND FAMILY

Bob Weinschenk, the CEO of “SmartyPig.com”, believes that saving money is a group activity in many cultures. By sharing your financial goals to your trusted partner, family or friends, they can be able to support you and even donate a few bucks. Having someone by your side that share the same goal will surely motivate you to continue this positive saving behavior.

Image Credits: Ken Teegardin via Flickr

Image Credits: Ken Teegardin via Flickr

2. TAKE THE SHOPPING DEALS ONLY IF YOU NEED THE PRODUCT

Donna Freedman, a writer for “Get Rich Slowly” and “Money Talk News”, said, “Coupons plus sales can easily tempt you to buy something you don’t truly need”. Do you really need to buy a bulk of toothpaste just because you have coupons and vouchers for it? Simply, when you see an item on sale think deeply if you will purchase that item on its original price.

3. LIVE WITHIN YOUR MEANS

Purchase within your means by balancing what you need and what you want.

Miranda Marquit, the founder of “Planting Money Seeds”, highlights that by knowing that you have enough purchasing power may turn into comfortable spending without keeping the best options for your finances. So, just because you can afford something, does not mean that you should buy it.

4. THINK TWICE WHEN BUYING PERISHABLE GOODS IN BULK

Jeff Yeager, the author and host of “The Cheap Life”, said “it’s not a good deal if it goes bad before you use it”.

This is why he stresses the importance of making a shopping list and sticking to it.

5. LASTLY, LEAVE YOUR CREDIT CARDS IN THE HOUSE

Stacy Johnson, the President of “Moneytalksnews.com”, said, “we’re more likely to overspend with pieces of plastic than real money”. Personally, when I shop, I only carry cash that I am willing to spend so I won’t go over budget. This prevents impulse buys.

Sources: Reader’s Digest and GoBankingRates

Read More...

What stocks to invest in 2015?

New York Stock Exchange

It is just like the eternal question every year again – what stocks to buy and what to ignore. The question is simple, but the answer is somewhat complex, as there isn’t any easy and straightforward way to respond to it. Investors can choose however different strategies. Like every year there are always certain companies that will grow no matter what the state of the economy does. These rather save investments are perhaps one of the best strategies to follow. But there are also sectors and industries that will be particularly flourishing in 2015.

Certain stocks have been climbing for four years in a row. Better judgement might suggest that there is an end to it. However, certain companies are simply not giving in. Furthermore, the December sell-off is the perfect opportunity for investors to enter the game. Companies like Apple (APPL) have been trending and created nothing but revenue for investors. The Apple stock has generated profits for five consecutive years and there isn’t any indication that 2015 will be different. The reputation of the company’s iOS operating system is better than ever and iPhones are leading the smartphone market. Apple appears to be a no-brainer.

The same holds for other IT stocks. The social media platform Facebook (FB) has enjoyed a 40% increase in the last year alone. Instagram, which is part of Facebook Inc., just reached 300 million active users and is said to have a vast potential for growth. With potential video ads launching on Instgram this year, the Facebook stock is set to climb further. Next to Apple and Facebook stands another giant, which has similar prospects – Google (GOOGL). The market share of the company is beyond belief and easily surpasses the ones of the competitors. No matter whether mobile phone market, online search or services and applications – the sails are set into one direction. Investing in any of these IT brands could be a risky undertaking considering their extremely long runs up the market ladder, but they are clearly not finished yet. Therefore, any of them should be a save investment for 2015.

However, these are not the only stocks, which are predicted to go up. Many other information technology stocks are said to behave similarly. Even the famous heavyweight Goldman says that investment in this sector will bring favourable profits. The growth predictions for this particular industry are set around 9%. This will ensure decent returns for shareholders.

Another investment tip given by many important financial institutes are the big global stock market indices. At least within the first half of 2015 the major indices are expected to grow. Especially the S&P 500, the American stock market index, is according to the forecast of the financial institute Goldman Sachs continuing to increase in value. Since the crash in 2009, the index has doubled in points and even climbed over the value it has had before the crash. Analysts calculate with at least another 5% increase in the first few months of 2015. Also the TOPIX, the Tokyo Stock Price Index, is on an upward spiral and estimated to be even steeper than the American index. Although the Japanese economy has suffered various setbacks in the last years, the predictions for the second most important Japanese stock market index are positive.

Investments not to make are material stocks. As the Chinese economy is experiencing stagnation, the demand for raw materials is going back. The stocks have increased in the last years, however the prediction for 2015 is dim. Most likely the stocks fall deep before they will increase and stabilise again. One should wait until they fall though. The moment when they will fall is unclear, but the fall itself is almost certain. Once the material stocks have considerably decreased, one should consider investing again.

No matter whether coal, oil or base metal – the price is weak. The oil price hit a five-year low and the coal price even went below its 10-year average. The wheels of the commodity super-cycle seem to be stuck in the sand. With oil and coal having increased up to a ten-fold in the last 15 years, the growth has been cut. China and other emerging nations had been responsible for a massive demand of materials. However, slow economies and decreased demand, especially in China, are now creating the halt.

Although major economies, such as Russia and China, are slowing down for different reasons, the Asian market is expected to grow in 2015. The emerging markets of China and India as well as South Korea and Indonesia are not to be underestimated in the next twelve months. Reforms and different policy chances have reduced bureaucracy and enable so economic growth. Furthermore, through policy changes unproductive and ineffective industries and sectors will be more exposed to the order and self-regulation of the markets. One of the best performers of the Asian markets in 2014 was the Deutsche X-Trackers Harvest CSI 300 China (ASHR), which increased by 47%. The steep trend increased especially in the last two months of the year and is therefore a top contender to watch and invest in for the first few months of the New Year.

While still in trouble is 2013, India and Indonesia have stabilised their currencies in 2014, while Korea, Taiwan and Singapore had suffered compared to the US dollar. This however has helped India and Indonesia to push reforms and growth their own markets. The Indonesian iShares MSCI Indonesia ETF (EIDO) grew by over 21% and the Wisdom Tree India Earnings Fund (EPI) could improve by more than 27%. Both of them can be interesting for investors in the next six months. Although both experience occasional setbacks, one could consider them as a long-term investment, as their potential growth could be up to 20% for the next two years.

In general 2015 isn’t looking bad at all. The US market as well as different Asian markets, such as the Indian and Indonesian markets, are expected to grow further, although some have already been growing too long in the opinion of some analysts. Investing in information technology stocks will be the safest bet though.

Read More...