There are two routes on getting side income: finding a part-time job to supplement your income and freelancing your skills and talents.
I wrote about a few places with flexible part-time jobs a while back. I wrote a bit about how people focus on one side of the personal finance equation:
Many people think that cutting expense is the only way to build savings and reduce debt. That’s not true. One of the basic principles of personal finance is to spend less than you earn. Most people focus on the former because it can be easier to look at ways to reduce your bills.
The great thing about that principle is that there’s another part: earning more money. If you’re expenses are low and you’re looking to set aside some money; consider getting a part-time job. Some people feel that their schedule doesn’t allow another income.
This post is focusing on the second method of increasing your income: freelancing.
Face your fears about freelancing and entrepreneurship.
If you’re a new college graduate and you don’t have a job lined up or your job is basically to pay for your bills, then seriously consider freelancing. It can build your skills, network, and your income. You may be afraid to try to have a side job in this economy since it’s hard for some graduates (and others) to find a decent payin office job. See this as an oppurtunity to build another income source.
Scour online and in your local area for clients.
Freelance Switch has some wonder tips on how and where to find clients (check the link to 101 tips). I’m listing a few that are free or low cost ways for when you just get started:
- Send out an email to everyone in your address book, announcing what you do, where you are and what you can offer
- Ask your satisfied clients for referrals
- Do some pro-bono work for a charitable organization with industry links
- Contact people you used to work with and ask them to send you any run-off work they might have
- Practice an elevator speech about what you do and have it ready to go wherever you are
- Participate on online forums (using the forum signature line)
- Comment on blogs to draw people back to your freelance site
- Keep an eye on online job boards
- Check out Craigs List for your city
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