Second Income Lagos Nigeria - Free Tips To Earn Extra Money And Live Bigger.
At first glance, it may appear as though those not satisfied with their monthly earnings are people in the lower cadre of paid employment . . . non-management staff.
Is it because they are just plain greedy?
Here's my honest assessment of the situation.
People looking for second income are of three categories:
Obviously, you don't want that to happen.
Therefore, the second income source must meet the following criteria:
1. It should be something you can do at your spare time
2. It should not infringe on the time you spend at work or for your employer
3. It should be something you can do at home or near your home
4. It should be something you can deploy others to handle for you and still make your money
5. It should be something you can control even though you're not there physically most of the time
You're looking for a hands-free second income source that does not jeopardize your first income source.
Now, let's look at ways to earn extra money outside your paid employment by looking at income opportunities that satisfy this criteria.
Proven Techniques To Earn Extra Money
Read and think through the following income opportunities. And then implement the one that suit you best.
1. A Manufacturing business
If you work from Mondays to Fridays and have the weekend to yourself, you can start a manufacturing business.
What is manufacturing all about?
It's about transforming input materials into finished products that sell at a price higher than the cost of the total inputs.
Examples of manufacturing businesses include:
. . . and more.
You can start a manufacturing business while still in paid employment and employment a general manager to manage the business for you.
You can set the startup date to coincide with the period you're on annual vacation for say one month and use that period to stabilize production.
With your manager handling the day to day running of the business, you can get your second income from the profit made by the business.
2. Referral Business
Referral business involves two stages:
First, the product selection phase and then the product marketing phase.
Once you have selected the product you will love to promote, the next step is to decide how you want to promote this product to reach people who need the product.
Suppose you decide to earn extra money by becoming a part-time car salesman. You establish a business relationship with the dealer you wish to work with. Then you refer potential buyers to that dealer for a share of the profit called commission.
In this particular case, you do not need to be present to be rewarded. You simply connect the potential buyer to the dealer and collect your commission when the sale is concluded.
3. Make Money From Rental Property Investing
Visit the rental property investing page to learn how to make money by investing in rental property.
4. Home Based Internet Business
A home based internet business is by far the easiest way to get a second income without disrupting your current job.
As the name suggests, a home based internet business is a business you do at home in your computer.
Since it all happens on your computer, you can do it any time of the day . . . early in the morning before work or late at night after your day job . . . and earn extra cash as you go.
Visit the home based internet business guide to learn more about this type of business.
Want to earn extra money?
Use the tips above.
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