how to earn money Archives

Here’s How You Can Effectively Earn Cash Through Facebook

Facebook is one of the strongest social media platforms that have been dominating its competitors with over a billion users worldwide. It presents a great opportunity for business and people like us to generate money in the comfort of our own home.

To begin, here are 4 ways you can make money through Facebook:

1. SELL YOUR STUFF

Social media, defined as websites or applications that enable the users to share content and to network, allows daily access of many consumers…all over the world. With this knowledge, you can supplement your Facebook post with a Facebook Ad.

For example, you may clean up the clutter in your closet and find the things that you deem to be unused or underused and sell them to your friends and family through a creative Facebook page. Treat it as your virtual “garage sale”!

Alternatively, you can turn your hobbies (e.g., baking cakes or making soaps) into your home-based business.

2. USE SOCIAL INFLUENCE TO INCREASE SALES

Aside from directly selling on your Facebook page, you can redirect the post to a website that you own. This is a revolutionary idea that the 20-year-old Koby Conrad embraced. He owns an online shop called Hippies Hope Shop that sell unique items such as ring bracelets, crystal necklaces, hookahs, wood incense, and hippie clothing.

Because of consulting and mentoring, Conrad was introduced to the power of social media. He markets his items and receives traffic to his shop just by posting them on a Facebook page he runs called “The Hippy Bloggers.” With a Facebook page that has over 150,000 likes, he now runs a small business and taking on investors. Remarkably, this millennial is now living off Facebook!

Image Credits: facebook.com/TheHippyBloggers

3. GET PAID FOR ANSWERING FACEBOOK SURVEYS

Yes! You can get paid for your opinions that you are otherwise putting out there for free. If you are the type of person who is decisive and opinionated, try completing paid surveys offered by companies, universities, and other industries.

On the flip side, if you are the researcher, you can tap a massive focus group and reward them after by using SurveyMonkey and Facebook. Gather feedback from a wide range of people and enable them to share the survey easily by using SurveyMonkey’s Facebook Collector on your personal page or SurveyMonkey’s Web Link Collector on your fan page.

4. JOIN AFFILIATE PROGRAMS

Big companies and websites offer affiliate programs that pay you for your advertising efforts. Most of these affiliate programs provide you with marketing materials (e.g., link-backs or promotional banners) and pay you depending on how much traffic and sales you generate. In other words, this is a commission-based activity.

For instance, you can either take up Amazon or Qoo10’s affiliate program. Amazon offers a competitive affiliate program that pays you a percentage of sales after a person makes a purchase through your Facebook post. Simply follow these instructions.

While Qoo10 Curator Affiliate Program gives you 2% of the total sales amount if the item is sold due to your curating efforts. And if the item is sold due to your advertising efforts, you will receive additional rewards that are set by the sellers. The best thing is that you can join this program with no minimum traffic numbers and no initial fee! Simply share items, promotions, and others posts in social media platforms such as Facebook and Twitter.

Image Credits: facebook.com/Qoo10Singapore/

Click here to know more!

Sources: 1, 2, & 3

Bored? Here Are 4 Ways You Can Make And Save Money Right Now!

Boredom is unavoidable. It can happen to anyone at some period of time. With this period, you can either waste your time on non-sense facades or get your creative juices flowing! I would rather choose the latter.

Do something productive with your time while earning and saving money with these 4 simple ways:

1. KEEP TRACK OF YOUR PERSONAL FINANCES

Having a good amount of time to spare can be efficient if you utilize it to organize your personal finances. Start by tracking your bi-weekly and monthly income and expenses. Then, review your monthly budget. Contemplate if the budget is enough or overboard.

Image Credit: 401 (K) 2012 via Flikr

Afterwards, you must review different strategies to improve your budget. These strategies may include cutting down expense categories, limiting your shopping trips, or using coupons.

2. INEXPENSIVE INTERACTIONS

If you are trying to defeat boredom while living frugally, you must practice inexpensive ways to socialize or interact with the people who are important to you.

For instance, you can save more money while having the equal amount of fun when you are having your friends over at your house.

Image Credits: Alex Bellink via Flickr with CC License

You can also score free and delicious home cooked meals at your parents’ house. Of course, that comes with having a quality time with them.

3. ANSWER ONLINE SURVEYS

Bring your boredom to your advantage by answering online surveys while making decent money out of it. Answering online surveys is a type of freelance work done during your own convenience. However, it is important to highlight that several companies pay a couple of dollars while others compensate you with gift cards or rewards (e.g., iTunes or Amazon gift card).

Image Credits: 401(K) 2012 via Flickr with CC License Attribution-ShareAlike

Suggested online companies that conduct surveys are: SurveyMonkey, Opinion Outpost, and SurveySpot.

4. BUILD A BLOG

Share your thoughts and the things you are passionate about while making loyal followers and extra money through a blog. In order to get started, your blog must have a thematic niche such as fashion, finance, or parenting. Preoccupy your time by improving the blog’s design and content. Then, start earning by placing advertisements or becoming an affiliate partner.

Curious on how much a successful blogger can make? Well, they can earn as much as S$5,000 a day. Not bad for something that might have been a by-product of boredom! 🙂

Image Credits: Mike Licht via Flickr with CC License

Sources: 1, 2 , & 3

3 Investments You Should Immediately Consider

Investment is an asset purchased with a purpose to generate more income in the future or to sell it for a higher price. There are a myriad of investment selections available in the market today but here are a few 3 simple investments you can start with…

1. MUTUAL FUNDS

Being a newbie in the investment scene is not a problem anymore. With Mutual Funds, you can entrust a professional investment manager to produce capital gains for you and your co-investors. Mutual funds are investments that gather the investors’ money into a pool to make multiple types of investments, known as the portfolio. Shareholders participate proportionally in the gains and losses. Lastly, it gives the budding investors the access to professionally manage, diversified portfolios of equities, bonds and so on. This can be difficult and nearly impossible to create with a small amount of money.

2. CENTRAL PROVIDENT FUND INVESTMENT SCHEME

The Central Provident Fund (CPF) Investment Scheme is a way to invest your CPF savings to various banks such as OCBC, DBS, or UOB. This will enhance your retirement or housing money. Simply, the money you will generate from your investments will eventually go to your CPF account and not your pockets. To be eligible, you need to be above 18 years old and have over S$20,000 in your Ordinary Account (i.e., used for housing, education, investment, and insurance) and over S$40,000 in your Special Account (i.e., used for retirement). Compare the investment options and their charges. Instead of complaining about the CPF, why don’t you start investing?

3. REAL ESTATE INVESTMENT TRUSTS

Real Estate Investment Trusts (REITs) allows you to invest your money to a range of properties. REIT investors pool their money to buy buildings then, they divide the rental returns. This is a cheaper alternative to buying a property. Furthermore, REITs receive special tax considerations and mostly offer investors high yields and liquid method (i.e., converting your assets into cash) of investing in real estate. Although there are benefits, it is important to hire a trusted REIT Manager. One REIT in Singapore is CapitaMall Trust including properties such as Plaza Singapura, Junction 8, and JCube.

Image Credits: www.rentalrealities.com via Flickr

Sources: Central Provident Fund Board, MoneySense, and Investopedia

This article does not form part of any offer or recommendation, or have any regard to the investment objectives, financial situation or needs of any specific person. Before committing to an investment, please seek advice from a financial or other professional adviser.

4 Community Centres’ Workshops That Can Really Make You Money

Do you want to learn a life skill without breaking the bank? Then, consider going down to your community centre (CC) and find out the courses they offer. Far more than saving money, you can transform these awesome skills you learned into viable freelance businesses or occupations.

1. MASSAGE

Having a spa addiction or aspiring to become a massage therapist can become costly loads to your budget. Solve your problems with the Massage Therapy courses offered by several CCs. Learn the art of traditional Thai massage that relieves one’s stress levels by for only S$20-30 at Tampines North CC. This workshop will teach you how to engage sensorial experience and fuse it with health care. While, acupressure point massage is available at Bishan and Serangoon. Beyond getting paid for massage services, it can also serve as a sweet bonding activity for you and your partner.

2. HAIRCUTTING OR HAIRDRESSING

If you are tired of constantly paying for minor hair trims or are dreaming of becoming the next big thing in the hair scene then try the hair courses offered by CCs. CCs offer various techniques for hairdressing such as basic hair cutting, hair braiding, and hair perming. From April 14 to May 5, Punggol Park CC is offering hair-cutting basics for about S$65. This course is ideally for beginners or those who wish to update their knowledge on hair dressing. It not only offers the fundamental theories but also the practical lessons.

3. KNITTING

Every since the rise of “bohemian or gypsy chic” fashion, knitting is no longer an old woman’s hobby. Knitting can be found in hair accessories, jewelry, clothing, and more.

Image Credits: Guangzhou Hanyige Clothing Co., Ltd.

Toa Payoh CC offers knitting courses for about S$100. In this course, you’ll be taught the basics of knitting and use it to make your own clothing and jewelry. Using your creativity can help you create whatever your heart desires.

4. BALLOON SCULPTING

Have you ever noticed those people who are hired to make twisted balloons in order to entertain the children? They are everywhere from children’s party to company events. Making almost everything from cartoon characters to colorful flowers, this talent of balloon sculpting can now be learned. Woodgrove, Ulu Pandan, Tampines North, and Yew Tee conduct single-session workshops amounting to S$10-25. Learn the basics then, teach yourself more techniques by watching free videos on the Internet. This will not only save you money once you decided to have kids but it can also be a fun part-time job.

Image Credits: Erwin Soo via Flickr

Source: www.pa.gov.sg

4 Ways To Earn And Save Money As A Housewife

Raising children and keeping your home in top shape can be challenging at times. Even though you love to spend more time with your children, money is usually tight when there is only one income in the household. So, knowing ways to earn and save money while you are staying at home sounds like music to your ears. Here are some tips to get you started with…

1. HOBBIES OR BUSINESS STARTERS

Do you love to make cupcakes, jewelry, or essence oils? Turn your hobby into your own business. Be your own boss and master your own schedule by thinking about your skill set and hobbies then, start making an online business out of it. Free platforms for selling or making your own online shop such as: Carousell and Tictail, are available online.

2. STAY-AT-HOME NANNY SWAP

Instead of paying costly bills on daycare or babysitting, have another stay-at-home mom to take turns in taking care of your children. Watch your friend’s children for one weekend then, she will watch yours for the next. This will not only save you money but it will also give one day off for you to relax and run errands.

3. TIDY UP AND SELL STUFF ONLINE

Tidy up the clutter in your closet and find the things that you deem to be unused or underused because you can sell them online. The old clothing articles of your children that are still in good condition can be sold too. How about the costumes that you only used once? Get rid of it and earn money simultaneously.

Try selling your items to the worldwide marketplace platform of eBay and Gumtree. And, consider selling your items to your friends and family by posting an ad on Facebook. Save money by buying bargain items in these sites.

4. BECOME A SALES REP

A sales representatives or brand ambassadors sell household, beauty, or health products in their own ways. Join millions of independent ambassadors of Avon or MaryKay Singapore.

Have the freedom to design a schedule that works for you without thinking of building a business from ground up and still be able to nurture your loving children!

This article does not form part of any offer or recommendation, or have any regard to the investment objectives, financial situation or needs of any specific person. Before committing to an investment, please seek advice from a financial or other professional adviser.

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