How to Make More Money

Monday, January 17th, 2011

Make More Money

It’s all very well trying to save by spending less than you earn, but sometimes the costs of living and bringing up a family mean there simply isn’t any spare cash. In that case, to get ahead you need to increase your income. Here are some ideas for how to make more money.

Firstly, make sure you are being paid enough for the work you are doing now. If you are in business, can you increase your prices? If you are an employee, research other jobs in your field to see if you are being paid the market rate. Now look at your skill set. People with expertise in areas where there is a big demand get paid more. Is there a special skill you have that you could develop further through training and experience so you become an expert? Alternatively, could you broaden your expertise by developing new skills?

Developing your network of contacts is a good way to find opportunities for career advancement. It is easy to do this on line, for example through networks such as Linked In, Plaxo and Facebook. Let people know what it is you are good at.

One of the easiest ways to make more money is to set up a business you can run from home in your spare time. The internet is full of opportunities to make money and even better, it is a huge global marketplace. If you are running a business at home, you may be able to reduce your tax bill by claiming legitimate expenses such as office, telephone and computer costs. If you are not sure what you can sell yourself, then consider opportunities to make money by becoming an affiliate of someone who is in business and being paid for customer referrals you give them. 

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