Making money in the middle of a recession can be a challenge. That’s particularly true for those who want to take a shot at non-traditional ways of earning an income. The good news is that there are multiple ways to put some cash in your pocket by taking on unique jobs, investing in potentially lucrative assets, and more. In addition to using your car’s exterior space as a roving billboard, it’s possible to beef up the savings account by investing in fractional real estate shares, promoting political campaigns ahead of the upcoming election season, getting involved with penny stocks, liquidating all your unneeded personal belongings, and staking cryptocurrency. Here are details about some of the top money-making strategies.
1. Sell Ad Space on Your Car
A decade ago, there weren’t many companies that paid individuals to attach printed advertising panels to the outsides of their cars. Now, the industry has finally matured, and there are dozens of large and small businesses in most major cities that pay car owners for the right to use their cars as roving billboards. This is an example of a passive, interesting way to make money, and add some extra income to your bottom line each month. If you have more than one car, consider checking with the agencies in this industry to see about getting twice as much for a set of magnetic or adhesive wraps that display the advertisements without harming your vehicle’s exterior in any way. You’ll need to fill out an application and tell the ad agency about your daily mileage and typical driving routes so they can adjust the amount they pay you to display their graphical promotions.
2. Invest in Real Estate Shares
Many people hear about real estate investing and incorrectly assume they need to have deep pockets and plenty of time to take part as investors. That’s not true when you restrict your real estate investing to fractional shares of rental properties. In the present economic climate, many people shopping for homes are discovering that prices are not likely to go down anytime soon. The expected price drop-off just never happened. Instead, prices have begun to rise consistently. That’s what makes rental properties all the more in-demand and attractive to potential buyers who can’t afford new homes right now. Parking your investment capital in rental properties can mean appreciation and long-term profits if you know where to look and how to get started with this unique earning opportunity.
3. Promote Political Campaigns
As summer ends, local, state, and national political campaigns will shift into high gear. But now is the time they’re hiring for all sorts of positions related to promotion and marketing. If you have decent copywriting skills, are willing to make phone calls, or have the stamina to do a bit of door-to-door flyer distribution, there are plenty of openings. It’s not a get-rich scheme, but for the duration of the campaign season, which lasts from mid-summer to early November, you can perform a variety of tasks and work as many hours as you like. The strategy is ideal for those who already have day jobs and want to bring in some extra cash doing night and weekend chores, even temporary ones.
4. Play the Penny Stock Market
There’s no need to invest huge amounts of capital to play the ups and downs of the penny stock market. Stick with buying and selling shares that go for less than $3 each, show some potential for growth, and are listed on registered exchanges. Avoid over-the-counter offerings and stocks from brand-new companies.
5. Liquidate Unneeded Personal Assets
Ever since selling online became a thing, individuals have been leveraging the power of the internet’s global reach to sell their unwanted possessions. What used to go into the garage sale category for a once-per-year yard sale now shows up in various online auction and direct-sale sites. Don’t underestimate the earning potential of your old stuff. To you, it might be worthless, outdated, and destined for the trash heap. You’ll be surprised to see what strangers are willing to pay for some of the items you’ve written off as hopeless. Get started by cleaning out attics, garages, spare bedrooms, storage sheds, basements, and car trunks. Toss the unsaleable merchandise, but retain anything you think might fetch a few dollars in a cyber-sale.
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