HOW TO INCREASE YOUR INCOME

WRITTEN BY: Nasha | The Frugal Plan

DISCLOSURE: This post may contain affiliate links. This means that I may receive a commission for purchases made through the links on this website, but at no extra cost to you. Please click here for complete disclosure.

Are you looking to boost your income? Sometimes, we overlook the potential to increase our income by leveraging our existing activities. Below are some straightforward methods to boost your income.

1. ASK FOR A RAISE 

Consider asking for a raise if it's been a while since your last one. It's a fast and easy way to increase your income.

If you are considering asking for a raise, it is important to evaluate your job performance first. 

Begin by discussing your work with your boss or manager and ask for their perception of your performance. 

If they acknowledge that your work has been satisfactory, that would be an ideal time to request a raise. Remember to be confident and prepared when discussing your salary.

If your job performance is not suitable, ask for specific areas to improve and follow up after making changes.

2. LOOK FOR A BETTER-PAYING JOB

If your current job doesn't pay well or does not offer frequent raises, consider finding a new job.

It is advisable to start looking for a new job while you're still employed. If you decide to leave your current job, make sure you have an emergency fund of 3 to 6 months' worth of your monthly expenses saved up for unexpected events.

Also, be sure to proofread your resume and cover letter and practice your interview skills to increase your chances of landing a new job fast.

3. START A LOW-COST SIDE HUSTLE 

Starting a side hustle can help you increase your income. When starting up a side hustle, focus on free or low-cost options that you can start right away. 

Below you will find free to low-cost side hustle ideas. 

  • Selling Baked Goods 

  • Catering Food 

  • Freelancing 

  • Babysitting 

  • Coaching 

  • Blogging 

  • Become a Virtual Assistant 

  • Tutor Online 

  • Delivery Groceries

  • Clean Homes 

  • Affiliate Marketing 

  • Pet Sit 

  • Start a Dropshipping Business

  • Resume Writer 

  • Sell Handmade Items 

4. START A BLOG 

Starting a blog can be fun if you enjoy writing. When blogging it works best if you have a topic or a group of topics within the same niche that interests you. 

After creating a blog and setting it up correctly, you can focus on monetizing it.

Monetizing your blog can be achieved through digital products, affiliate marketing, courses, and more.  

Below are blogging ideas for starting a blog.

  • Recipes

  • Lifestyle

  • Food Blogging 

  • Fitness

  • News 

  • Fashion 

  • Spiritual 

  • Parenting 

  • Travel

  • Latest Trends 

  • Business 

  • Finance

5. START A YOUTUBE CHANNEL 

Starting a YouTube channel can be fun if you enjoy being on camera. I see a lot of people that have success through creating YouTube channels. 

After creating a YouTube channel, you can monetize it by ads, and promoting products and sponsors, which creates different income streams.

Below are a few profitable YouTube channel ideas. 

  • Educational Content 

  • Lifestyle

  • Fashion

  • Personal Finance & Investments

  • Making Money Online 

  • Digital Marketing 

6. BECOME A VIRTUAL ASSISTANT 

Becoming a virtual assistant is great for anyone with basic administrative skills. However, even if you lack these skills, there is a wealth of information and online courses available.

Becoming a virtual assistant can be an excellent way to earn extra income or even a full-time job. 

The best part of being a virtual assistant is that you can work from anywhere, and you have the flexibility to work as much or as little as you want. You can even start a VA agency where you can outsource some of your work or all of it. 

Below are a few VA ideas to seek. 

  • Social Media 

  • Scheduling Appointments

  • Bookkeeping 

  • Managing Email Accounts 

  • Graphic Design

  • Blog Writing 

  • Phone Calls

  • Travel Management 

7. MAKE MONEY FROM YOUR HOBBIES  

Do you have any hobbies that you can turn into a source of income? If so, this can be an excellent way to earn extra cash. 

The best part is that since it’s you already know how to do it, there is no need for any additional training.

To Summarize:

  1. Ask for a Raise

  2. Look for a Better-Paying Job

  3. Start a Low-Cost Side Hustle

  4. Start a Blog

  5. Start a YouTube Channel

  6. Become a Virtual Assistant

  7. Making Money from Your Hobbies


IN CONCLUSION 

Looking for ways to boost your income is the best way to earn more. I hope you found this post helpful!