How Blogging Paid Off My Student Loans

How Blogging Helped With Paying Off Student Loans

How Blogging Helped With Paying Off Student LoansIn July of 2013, I finished paying off my student loans.

It was a fantastic feeling and something I still think about to this day. Even though I have a success story when it comes to paying off student loans, I know that many others struggle with their student loan debt every single day.

The average graduate of 2015 walked away with more than $35,000 in student loan debt, and not only is that number growing, the percentage of students expected to use students loans is on the rise. Plus, if you have a law or medical degree, your student loan debt may be in the hundreds of thousands of dollars.

This is a ton of money and can be quite stressful.

After earning three college degrees, I had approximately $40,000 in student loan debt.

To some, that may sound like a crazy amount of money, and to others it may seem low. For me, it was too much.

At first, paying off student loans seemed like an impossible task, but it was an amount I didn’t want to live with for years or even decades. Due to that, I made a plan to pay them off as quickly as I could.

And, I succeeded.

I was able to pay off my student loans after just 7 months, and it was all due to my blog.

Yes, it was all because of my blog!

Without my blog, there is a chance I could still have student loans. My blog gave me a huge amount of motivation, allowed me to earn a side income in a fun way, and it allowed me to pay off my student loans very quickly.

I’m not saying you need to start a blog to help pay off your student loans, but you might want to look into starting a side hustle of some sort. Blogging is what worked for me, and it may work for you too.

Related articles:

I believe that earning extra income can completely change your life for the better. You can stop living paycheck to paycheck, you can pay off your debt, reach your dreams, and more, all by earning extra money.

This blog changed my life in many other ways, besides just allowing me to pay off my student loans. It allowed me to quit a job I absolutely dreaded, start my own business, and now I earn over $50,000 a month through it.

If you are interested in starting a blog, I created a tutorial that will help you start a blog of your own for cheap, starting at only $2.95 per month (this low price is only through my link) for blog hosting. In addition to the low pricing, you will receive a free blog domain (a $15 value) through my Bluehost link when you purchase at least 12 months of blog hosting. FYI, you will want to be self-hosted if you want to learn how to make money with a blog.

Below is how blogging helped me pay off my student loans.

Quick background on my student loans.

In 2010 I graduated with two undergraduate degrees, took a short break from college, found a job as an analyst, and in 2012 I received my Finance MBA. Even though I worked full-time through all three of my degrees, I still took out student loans and put hardly anything towards my growing student loan debt.

Instead, I spent my money on food, clothing, a house that cost more than I probably should have been spending, and more. I wasn’t the best with money when I was younger, which led to me racking up student loan debt.

After receiving my undergraduate and graduate degrees, the total amount of student loans I accumulated was around $40,000.

Shortly after graduating with my MBA I created an action plan for eliminating my student loans, and in 7 months was able to pay them all off. It wasn’t easy, but it was well worth it.

The biggest reason for why I was able to pay off my student loans is because I earned as much money as I could outside of my day job. I mystery shopped and got paid to take surveys, but the biggest thing I did was I made an income through my blog.

I worked my butt off on my blog.

Any extra time I had would go towards growing my blog. I woke up early in the mornings, stayed up late at night, used lunch breaks at my day job, and I even used my vacation days to focus on my blog.

It was a huge commitment, but blogging is a lot of fun and the income was definitely worth it.

While I was working on paying off student loans, I earned anywhere from $5,000 to $11,000 monthly from my blog, and that was in addition to the income I was earning from my day job.

This helped me tremendously in being able to pay off my student loans, especially in such a short amount of time.

My blog allowed me to have a lot of fun.

One reason why I was able to work so much between my day job and my side hustling is that I made sure my side hustles were fun. Because I didn’t like my day job, I knew I just didn’t have it in me to work extra on something everyday if I didn’t enjoy it.

That’s where blogging came in.

Blogging is a ton of fun, and I have made many great friends. At times it can be challenging (the good type of challenging!) but also a lot of fun. I love when I receive an email from a reader about how I helped them pay off debt, gave them motivation, taught them about a certain side hustle, and more. Helping others along the way is another part of what really makes it worthwhile.

The fun I had blogging made it feel like a hobby, and that’s why I was able to put a crazy number of hours into it.

I focused on growing and improving my blog.

I knew I had to keep earning a good income online in order to pay off my student loan debt, so I made sure that I spent time growing and improving my blog as well. Since I love blogging so much, this was a fun task for me.

Improving my blog included learning about social media, growing my website, knowing what my readers want, producing high-quality content, keeping up with changes in the blogging world (things change a lot!), and more.

I put nearly every cent from side hustling towards paying off student loans.

One thing I did with the extra income I earned each month was putting as much of it as I could towards paying off student loans, and this way I wasn’t tempted to spend the income on something else.

So, as I earned money from my blog, I put it towards paying off student loans as quickly as I could.

This is probably easier said than done, though.

When you start earning a side income it can be very tempting to buy yourself some things. After all, you are tired, you have been working a lot, and therefore you may justify purchases to yourself.

But before you know it, you may have just a fraction of what you’ve earned left and able to put towards paying off your student loans.

It’s better to think about WHY you are side hustling and put a majority of the income you earn towards that instead.

I stayed positive when paying off student loans.

It was hard to manage everything. I was working around 100 hours each week between my day job and my side jobs, which left little time for sleep or seeing loved ones.

Luckily, I love blogging and that made it much easier to spend so much time on my blog. Watching my student loans get paid off and the debt going down was a huge motivator.

At first I thought it was impossible, and now I know it wasn’t!

Paying off my student loan debt has been one of the best choices I have ever made.

Do you have student loan debt? How are you paying off student loans?

How To Start A Blog FREE Email Course

In this free course, I show you how to create a blog easily, from the technical side (it’s easy – trust me!) all the way to earning your first income and attracting readers. Join now!

Subscribe to our newsletter to receive regular updates and get access to the free course.

/* Layout */ .ck_form /* divider image */ background: #fff url(data:image/gif;base64,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) repeat-y center top; font-family: “Helvetica Neue”, Helvetica, Arial, Verdana, sans-serif; line-height: 1.5em; overflow: hidden; color: #666; font-size: 16px; border-top: solid 20px #3071b0; border-top-color: #ff006f; border-bottom: solid 10px #3d3d3d; border-bottom-color: #990043; -webkit-box-shadow: 0px 0px 5px rgba(0,0,0,.3); -moz-box-shadow: 0px 0px 5px rgba(0,0,0,.3); box-shadow: 0px 0px 5px rgba(0,0,0,.3); clear: both; margin: 20px 0px; .ck_form, .ck_form * -webkit-box-sizing: border-box; -moz-box-sizing: border-box; box-sizing: border-box; #ck_subscribe_form clear: both; /* Element Queries — uses JS */ .ck_form_content, .ck_form_fields width: 50%; float: left; padding: 5%; .ck_form.ck_horizontal .ck_form_content border-bottom: none; .ck_form.ck_vertical background: #fff; .ck_vertical .ck_form_content, .ck_vertical .ck_form_fields padding: 10%; width: 100%; float: none; .ck_vertical .ck_form_content border-bottom: 1px dotted #aaa; overflow: hidden; /* Trigger the vertical layout with media queries as well */ @media all and (max-width: 499px) .ck_form background: #fff; .ck_form_content, .ck_form_fields padding: 10%; width: 100%; float: none; .ck_form_content border-bottom: 1px dotted #aaa; /* Content */ .ck_form_content h3 margin: 0px 0px 15px; font-size: 24px; padding: 0px; .ck_form_content p font-size: 14px; .ck_image float: left; margin-right: 5px; /* Form fields */ .ck_errorArea display: none; #ck_success_msg padding: 10px 10px 0px; border: solid 1px #ddd; background: #eee; .ck_label font-size: 14px; font-weight: bold; .ck_form input[type=”text”], .ck_form input[type=”email”] font-size: 14px; padding: 10px 8px; width: 100%; border: 1px solid #d6d6d6; /* stroke */ -moz-border-radius: 4px; -webkit-border-radius: 4px; border-radius: 4px; /* border radius */ background-color: #f8f7f7; /* layer fill content */ margin-bottom: 5px; height: auto; .ck_form input[type=”text”]:focus, .ck_form input[type=”email”]:focus outline: none; border-color: #aaa; .ck_checkbox padding: 10px 0px 10px 20px; display: block; clear: both; .ck_checkbox input.optIn margin-left: -20px; margin-top: 0; .ck_form .ck_opt_in_prompt margin-left: 4px; .ck_form .ck_opt_in_prompt p display: inline; .ck_form .ck_subscribe_button width: 100%; color: #fff; margin: 10px 0px 0px; padding: 10px 0px; font-size: 18px; background: #ff006f; -moz-border-radius: 4px; -webkit-border-radius: 4px; border-radius: 4px; /* border radius */ cursor: pointer; border: none; text-shadow: none; .ck_form .ck_guarantee color: #626262; font-size: 12px; text-align: center; padding: 5px 0px; display: block; .ck_form .ck_powered_by display: block; color: #aaa; .ck_form .ck_powered_by:hover display: block; color: #444; .ck_converted_content display: none; padding: 5%; background: #fff; /* v6 */ .ck_form_v6 #ck_success_msg padding: 0px 10px; @media all and (max-width: 403px) .ck_form_v6.ck_modal .ck_close_link top: 30px; @media all and (min-width: 404px) and (max-width: 499px) .ck_form_v6.ck_modal .ck_close_link top: 57px;

Related Posts

<!–
–>

Source: makingsenseofcents.com

How to Trade Stock Options – Basic Call & Put Strategies Explained

If you follow financial news, you’ve probably heard of options before, even if you don’t completely know what they are.

Options are a type of derivative that investors can use to execute complex trading strategies or to leverage their portfolios. Unlike stocks or bonds, which have an inherent value because they represent ownership of a company or debt, options derive their value from other securities.

What Are Options?

An option is an agreement between two people to conduct a specific transaction. One party writes the option and sells it to the other party, who buys it and becomes the option holder.

The holder of the option contract has the power to exercise the contract, which means the transaction described in the contract happens. The option holder can also choose not to exercise the contract, in which case no transaction occurs after the sale of the option.

The party buying the option pays a premium to the party that writes the option.

There are three elements to all options, regardless of their type:

  • An underlying security
  • A strike price
  • An expiration date

Each option contract describes a transaction that could occur in the future. The first element the contract specifies is what security will be involved. For example, two people could agree to an option contract involving Coca-Cola stock.

A typical contract involves 100 shares of whatever underlying security is involved.

The next element specified in the option is the strike price. This is the price at which the transaction will occur if the option holder exercises the option. For example, the option might specify that the transaction for 100 shares of Coca-Cola will occur at $50 per share.

Finally, options have expiration dates. Once someone buys an option, they may exercise the option at any time up to its expiration date. After the option expires, the option holder can no longer exercise the option to make the transaction occur.

It’s important to remember that the holder of an option has the right but not the obligation to exercise the option. If the transaction specified in the contract wouldn’t be profitable for the option holder, they generally will not exercise the option. If the transaction would produce a profit, they will likely choose to exercise it.

In general, the option seller profits if the holder chooses not to exercise the option because the option writer gets to pocket the premium they received when selling the option.

Pro tip: If you’re looking to start trading options, make sure you sign up for the Motley Fool Options community. Not only will you receive options trading recommendations from the experts at Motley Fool, but you will also be joining a community of like-minded investors. Sign up for Motley Fool Options.


Call Options

Call options are one of the two main types of options. A call option gives the holder of the option the right but not the obligation to purchase the underlying shares at the specified price.

For example, someone might buy a call option to buy 100 shares of Disney stock at $140 each with an expiration date of October 31. To buy the option, that person has to pay a premium to the option writer.

If Disney stock rises above $140 per share between the time the person buys the option and the expiration date, they can exercise the option to buy 100 shares at $140, no matter how much higher than that the stock has risen. They can then keep these shares or immediately sell them for a profit, less the premium they paid.

If Disney stock stays below $140 through October 31, the option contract expires and no shares trade hands.

Risks of Call Options

For the buyer of a call option, the primary risk is that the market price of a stock won’t rise above the option’s strike price. If the price of a share stays below the strike price, it’s cheaper to buy the shares on the stock market than to exercise the option.

That means that the option buyer paid the premium to buy the option and received no value in return.

For the person who sells a call option, the risk is that the buyer chooses to exercise the option, typically because the market price moved above the strike price. If the buyer exercises the option, the option seller must sell their shares at the strike price, regardless of their current market price. If they don’t already own the shares, they must buy them on the market and sell them immediately for a loss.

The person who buys the option has limited risk. At worst, they can lose the premium they paid. The option seller has theoretically unlimited risk, as they could be forced to pay any amount of money to buy shares to sell at the strike price.


Put Options

Put options are the other main type of option. A put option is the opposite of a call option. It gives the option holder the right but not the obligation to sell the underlying security at the strike price. If the market price of the stock falls below the strike price, the option holder can exercise the option to sell their shares at the strike price, no matter how far the stock’s market price has fallen.

For example, someone might buy an option that lets them sell shares of Apple for $100. If shares in Apple fall to $95, the person holding the option can exercise it. If they already own Apple shares, they can sell them for more than they’d be able to get on the open market. If they don’t own Apple shares, they can buy 100 shares on the market for $95 each and exercise the option to sell them for $100 each, netting a $5 profit for each share, less the premium paid for the option.

The person who sold the option must buy the shares at the strike price if the holder exercises the option. They can choose to continue holding those shares or to sell them immediately at the current market price. Because the option holder will typically only exercise the option if the strike price is higher than the market price, the option seller would have to sell the shares for a loss if they wanted to immediately sell the shares they’ve bought.

Risks of Put Options

For buyers of put options, the risk is that the market price of the underlying security will remain above the strike price. If the price never falls below the strike price and the option expires, it will never make sense for the buyer to exercise the option.

For put sellers, if the market price falls below the strike price, the buyer could exercise the option, forcing them to buy shares for more than they would have to pay on the open market.

As with calls, the person buying the put has limited risk. At worst, they can lose the premium they paid to buy the option. The seller of the option also has limited risk, although their risk is typically much higher than the buyer’s risk. The formula for the worst loss the put seller could experience is:

(100 * number of contracts * strike price) = worst possible loss

This loss would occur if the market price for a stock goes to $0. If this were to happen, the option seller still must buy the worthless shares at the strike price, and won’t be able to sell them to recoup any of their money.


Option Pricing

There are two primary factors that determine an option’s price.

One is the intrinsic value of the option, meaning the difference between the option’s strike price and the market price of the underlying security.

For call options, a contract will grow more valuable as the market price rises nearer to or above the strike price. For example, an option with a strike price of $100 for a security priced at $95 will be worth more than an option with a strike price of $90.

For put options, a contract gains value as the market value falls nearer to or below the strike price. The lower the market value of the security in comparison to the option strike price, the more valuable the option is.

The other component of option value is time value.

Options have expiration dates. Once an option expires, the option holder can’t exercise it anymore, making it worthless. The closer an option’s expiration date is, the less valuable that contract will be. Similarly, the farther away the expiration date is, the more valuable the contract is.

Keep in mind that this means that options are constantly losing value. With each day that passes, the expiration date nears, reducing the time value of the option. For an option to gain value, it must gain enough intrinsic value to offset the loss in time value.


Options Trading Strategies

These are a few of the most basic option trading strategies.

Buying Calls

Buying calls is a basic bullish strategy. Investors who buy calls believe the price of a company’s shares will increase.

Buying calls is popular because it lets investors leverage their portfolio. For example, on September 16, 2020, one share of the exchange-traded fund (ETF) SPY cost about $340. One call option for the same ETF with an expiration date of September 30 and a strike price of $345 cost $328.

For a bit less than the price of one share of the ETF, an investor could buy a call that controls 100 shares. A small rise in the price of the underlying will cause a much larger increase in the price of the option, increasing the investor’s gains.

At the same time, leverage means increasing volatility. If the ETF’s value falls, the fall in the option’s value will be much larger.

Another reason that buying calls is popular is their limited risk. At worst, the buyer can only lose the premium they paid, which reduces the risk of losing their entire portfolio, which other forms of leverage can cause.

Buying Puts

Buying puts is a basic bearish strategy. Investors buying options believe the underlying shares will lose value.

Like call options, buying puts is popular because they let the investor leverage their portfolio. One option contract controls 100 shares but typically costs only as much or less than a single share, depending on the strike price.

Puts are also popular because they let the investor profit from price decreases. With typical investing — buying and selling securities — you have to buy low and sell high to profit. There’s no real way to profit from a security that loses value without options.

Buying puts is also appealing because the option buyer’s losses are limited to the premium they paid, which makes it easier to avoid losing their entire portfolio.

Selling Covered Calls

A covered call is a strategy that investors can use to produce extra income from their portfolio of stocks or ETFs.

When you sell a call to someone, you receive income in the form of the premium that person paid to buy the call option. As long as the person doesn’t exercise the option, you get to keep the premium as profit.

A covered call is a call sold for shares that you already own. For example, if you own 100 shares of Twitter stock and sell a call for Twitter, the call is covered because you own the shares you would have to sell if the option holder chooses to exercise the contract.

To sell a covered call, you typically sell the call option with a strike price above the current share price. For example, on September 16, one share of Twitter costs roughly $40. You might sell a call with a strike price of $45 and an expiration date of October 2 for a premium of $0.43 per share. This would net you a payment of $43.

If Twitter’s stock price stays below $45, you get to pocket the $43 in profit and keep your shares. If the price rises above $45, the option holder will likely exercise the option. You’ll sell your 100 shares, receive $4,500, and get to keep the $43 premium payment.

Because you already own the shares, your losses are limited to losing the shares you own. If you didn’t own the shares and sold the call, you could lose an unlimited amount because you’d have to buy new shares at whatever the current market price is in order to fulfill your obligation to sell.

Protective Puts

A protective put is a strategy that investors can use to limit their potential losses from holding a security. It functions similarly to an insurance policy.

For example, you could buy 100 shares of Starbucks stock. On September 16, one share costs about $89, so you would pay about $8,900. You could also buy a put option with a strike price of $80 and an expiration date of October 30. Buying the option would cost you about $121.

If Starbucks price falls below $80, then you can exercise the option to sell your shares for $80 each. This limits your potential loss to $9 per share, or $900. In the worst-case scenario, you’ll lose $900 + the $121 you paid for the option. Without the option, you could lose all $8,900 you invested if Starbucks’ share price falls to $0.

If the share price stays above $80, you won’t exercise the option. You’ll lose out on the $121 you paid for the option and have to deal with any losses if Starbucks’ share price dropped to somewhere between $80 and $89.

Straddles

A straddle is a more complex option strategy that lets an investor earn a profit if a company’s shares experience a large change in value, regardless of whether the change is an increase or a decrease in value.

To execute a straddle, an investor buys two options, one call and one put. Both options should have the same strike price and expiration date.

If the stock gains a lot of value, the trader can exercise the call option to buy shares below market price and sell them for a profit. If the stock loses a lot of value, they can exercise the put option, buying shares at market price, and selling them for an immediate profit to the option writer.

If the stock doesn’t experience a change in price, the option buyer won’t exercise either option and will lose out on the premiums they paid to purchase both options.


Risks of Options

It’s important to emphasize the risk involved in trading options.

Selling options tends to be much riskier than buying options. With the exception of selling covered calls, selling an option involves large, sometimes unlimited risk. You can earn income from the options you sell, but one instance of bad luck could lead to you losing your portfolio.

Buying options is less risky because the most you can lose is the premium paid. Still, options inherently involve a significant amount of leverage. This makes them far more volatile than normal securities like stocks and ETFs.

A 1% change in the price of a security can cause the value of an option to change by 25%, 50%, or even more depending on its strike price and its expiration date.

Trading options without fully understanding how they work or how volatile they can be is dangerous and could lead you to lose significant amounts of money.


Final Word

Options are a popular way for traders to leverage their portfolios, hedge their bets, or profit from decreases in a security’s price. Despite their popularity, options can be highly risky and should only be used by experienced traders who can handle their risk. Products like Motley Fool Options will give you the tools you need to learn how to properly invest in options.

If you’re looking for a more hands-off investing strategy, you might want to consider using target-date mutual funds or working with a robo-advisor like SoFi Invest that can manage your portfolio.

Source: moneycrashers.com

16 Free Work From Home Courses & Resources

Trying to find free work from home courses? Would you like to learn how to work from home?

Today, I have a great list of free online courses, plus webinars and ebooks that will help you learn how to start your own home business.Free Work From Home Courses

Free Work From Home Courses

If you’re looking to make extra income or a full-time living, working from home can be a great idea for you to learn more about. 

For me, I love being able to work from home. I have been working from home for over 7 years now, and I wouldn’t change a thing!

Many people enjoy working from home for reasons such as eliminating your commute, making extra money from home, being your own boss, having a more flexible schedule, and so on.

Also, around 50% of U.S. businesses are now based at home, and that number is expected to to grow.

There are lots of valuable paid online courses for work from home jobs, but if you’re not sure about an idea, you might not want to invest any money just yet.

That’s why free courses and guides are a great way to learn.

In fact, I learned how to start my business by first taking free courses. Since I wasn’t sure what I was doing when I started this blog, I didn’t want to spend money that I didn’t have just yet. I wanted to wait until I felt more comfortable and sure that blogging was what I wanted to do.

You can learn more about each of these online business ideas, figure out what is needed in terms of skills and education, the amount of money you can make, and so on. You get to test these ideas a little bit before you invest a lot of time and money, which is very nice.

Here is a quick list of the free work from home courses and resources that I’m sharing in today’s article:

  1. Sell on Amazon Starter Course
  2. Selling Printables on Etsy Ebook
  3. How To Start a Blog Course
  4. Build A Voiceover Action Plan From Scratch Minicourse
  5. Start An Online Advertising Business From Scratch
  6. Start Your Virtual Bookkeeping Business
  7. Turn Your Passion For Visiting Thrift Stores, Yard Sales & Flea Markets Into A Profitable Reselling Business In As Little As 14 Days
  8. General Transcription Mini-Course
  9. Become a Proofreader 76 Minute Webinar
  10. Court Transcript Proofreading Mini Course
  11. Podcast Virtual Assistant Workbooks
  12. Make Money Writing Romance Novels ecourse
  13. Pinterest Virtual Assistant Training Workshop
  14. Jumpstart Your Virtual Assistant Business
  15. Self-Publishing Your First Book
  16. FREE Intro to Scoping Mini-Course

In the article below, I will be talking further about each work from home business idea and the free work from home courses or resources available for them.

Here are 16 free work from home courses and resources.

 

1. Sell items on Amazon.

The first year that my friend Jessica ran her Amazon FBA business, working less than 20 hours a week total, she made over $100,000 profit.

This free course shows you how to start a profitable Amazon business in a 9-part video course. You’ll learn:

  • The exact steps to follow to set up your Amazon Seller account
  • Two easy and affordable ways to find items to sell
  • How to choose profitable inventory that customers actually want to buy

If this is one of the free work from home courses you’re interested in, click here to learn more and sign up for the FREE Amazon FBA Starter Course!

 

2. Sell printables online.

Did you know that you can earn a living by selling printables online?

Creating printables on Etsy can be a great side hustle because you just need to create one digital file per product, which you can then sell an unlimited number of times.

Printables are digital products that customers can download and print at home. Examples include grocery shopping checklists, gift tags, candy bar wrappers, printable quotes for wall art, and patterns.

You can sign up for this free ebook that helps you figure out where to start when it comes to selling printables on Etsy.

 

3. Create a blog.

Blogging changed my life for the better, and it allows me to earn thousands of dollars a month, all by doing something that I love.

Blogging has allowed me to save up enough money for early retirement, to travel full-time, have a flexible schedule, and more.

Here’s a quick outline of what you will learn in this free course:

  • Day 1: Reasons you should start a blog
  • Day 2: How to determine what to blog about
  • Day 3: How to create your blog (in this lesson, you will learn how to start a blog on WordPress – my tutorial makes it very easy to start a blog)
  • Day 4: How to make money blogging
  • Day 5: My tips for making passive income from blogging
  • Day 6: How to grow your traffic and followers
  • Day 7: Miscellaneous blogging tips that will help you be successful

You can easily learn how to start a blog with my free How To Start a Blog Course.

 

4. Voice over act.

A voice over actor is the person you hear but rarely see on YouTube videos, radio ads, explainer videos, corporate narration, documentaries, e-learning courses, audiobooks, TV commercials, video games, movies, and cartoons.

In 2014, Carrie Olsen replaced her salaried day job to become a full-time voice over actor. People are constantly asking her how she got her start and how they can too.

So, she created Build A Voiceover Action Plan From Scratch Minicourse – This free course will help you learn about becoming a voice over artist, even if you’re brand new!

 

5. Manage Facebook advertising for local businesses.

This is a skill that you can learn without any prior experience in marketing or advertising.

The going rate for Facebook Ad management is $1,000 – $1,500 per month, per client.

This free webinar will teach you:

  • How one client can earn you $1,000 to $2,000 per month
  • Where to find Facebook ads clients

And more!

You can sign up for free at How To Manage Facebook Ads For Clients & Build Your Own Online Marketing Business.

 

6. Become a bookkeeper.

A bookkeeper is someone who tracks the finances of a business. They may handle payroll, billing and invoicing, etc.

And, you can learn how to become a bookkeeper without being an accountant or having any previous experience.

This free resource will teach you more about running your own virtual bookkeeping business. You’ll learn:

  • Is a bookkeeping business for you?
  • What exactly is a bookkeeping business? What kind of work do they do?
  • How much money can you make as a bookkeeper?
  • How do you find clients?

You can sign up for free at Start Your Virtual Bookkeeping Business.

 

7. Flip items for resell on eBay, Craigslist, and more.

Have you ever found something that you thought you could resell to make some money?

I’m sure you’ve thought about it in the past. I know that I have!

My friend Melissa’s family earned $133,000 in one year by buying and selling items that they’ve found at thrift stores, yard sales, and flea markets.

Some of the best flipped items that they’ve sold include:

  • An item that they bought for $10 and flipped for $200 just 6 minutes later
  • A security tower they bought for $6,200 and flipped for $25,000 just one month later
  • A prosthetic leg that they bought for $30 at a flea market and sold for $1,000 on eBay the next day

This is one of the home business ideas that anyone can start because you can start off selling things in your own house – I know we all have lots of stuff in our home that we could stand to get rid of. Then once you get a feel for the work, you can start purchasing items to resell.

I know quite a few people who have been flipping items for resale successfully for years!

You can sign up for the free webinar at Turn Your Passion For Visiting Thrift Stores, Yard Sales & Flea Markets Into A Profitable Reselling Business In As Little As 14 Days.

 

8. Transcribe audio or video into words.

Transcription is when you turn audio or video content into a text document. You listen to what’s being said and type it up into a text format.

There are many businesses looking for transcriptionists too – since general transcriptionists convert audio and video to text for virtually any industry, there really isn’t a typical client. Some examples include marketers, authors, filmmakers, academics, speakers, and conferences of all types.

Beginning transcriptionists earn around $15 an hour, and it increases from there.

In this free course, you will learn:

  • What it takes to become a transcriptionist
  • How much you can earn as a transcriptionist
  • How you can find transcriptionist work

You can learn more in the Free General Transcription Mini-Course. This is one of the free work from home courses that can introduce you to a very flexible side job.

 

9. Become a proofreader.

Have you ever read an obvious mistake and wanted to fix it?

Proofreaders look for punctuation mistakes, misspelled words, lack of consistency, and formatting errors.

You take content that other people have written and then go over it with a fine-tooth comb. You might be proofreading blog posts, print articles, academic articles, website copy, ad copy, books, student papers, emails, and more.

In one year, my friend Caitlin made around $43,000 by working as a freelance proofreader.

In her free 76-minute workshop, you will learn:

  • Common questions about becoming a proofreader
  • How to become a proofreader
  • 5 signs proofreading could be a perfect fit for you

You can sign up for free at Transform Your Passion for Words & Reading into a Thriving Proofreading Business in as Little as 30 Days.

 

10. Become a court transcript proofreader.

Becoming a court transcript proofreader is a more focused version of the last idea.

Court reporters also use court transcript proofreaders because of the importance of this type of work.

There is more training that goes into becoming a court transcript proofreader, and that is why I separated it from the general proofreading workshop above.

Caitlin, mentioned above, also has a great FREE 7-day course just for people who are interested in becoming a court transcript proofreader.

 

11. Become a podcast virtual assistant.

There’s a big demand for podcast virtual assistants right now due to there being over 800,000 podcasts. And, that number just continues to grow like crazy!

While the podcast host is responsible for recording themselves, other tasks like editing and publication take time, so many podcasters outsource their work to freelancers or virtual assistants. Also, some podcasters may not know how to do those things, or they may choose to focus their time on other areas.

In this free resource you will learn:

  • A list of the top podcast skills that businesses need help with
  • A custom podcast production checklist that the instructors use with all of their clients

And more!

You can sign up here for free workbooks and checklists that will tell you more about how to become a podcast VA. 

 

12. Write romance books.

My friend Yuwanda has found one of the most interesting home business ideas – she writes romance novels, and in one month, she was able to make over $3,000!

In this free course, you will learn:

  • How to get over your fear of not being a good writer
  • The technical side of self-publishing
  • How she got started writing her first romance novel

And more!

Learning to become a romance writer is by far one of the most interesting free work from home courses. If you’re interested, you can sign up for free at Make Money Writing Romance.

 

13. Help businesses on Pinterest.

Do you enjoy spending time on Pinterest?

Businesses are always looking for Pinterest virtual assistants.

Pinterest virtual assistants help businesses with tasks such as:

  • Designing Pinterest images for a website
  • Helping business owners set up their Pinterest account
  • Scheduling pins because this can be time consuming for the average business owner
  • Brainstorming a marketing plan

Click here and click on “Free Training Workshop” to learn how to become a Pinterest virtual assistant and find your first client. In this free course, you’ll learn what you need to do to get started, what services to offer, and how much to charge as a Pinterest virtual assistant.

 

14. Help businesses as a virtual assistant.

Virtual assistance is a field that is growing very quickly and is one of the most popular online business ideas, as you’ve seen with some of the niche VA courses I’ve already mentioned.

Virtual assistant tasks may include social media management, formatting and editing content, scheduling appointments or travel, email management, and more. Basically, you can get paid to do any task that needs to be done in someone’s business, but doesn’t need to be done by them.

If you are looking for free work from home courses for virtual assistants, then, I recommend checking out Jumpstart Your Virtual Assistant Business. In that link, you’ll receive a free worksheet and workbook that will help you decide what virtual assistant services you can offer (there are over 150 choices!).

 

15. Write your own eBook.

Writing your own eBook is a great way to make money from home, and there is probably something super helpful that you could write about (even if you think otherwise!).

In fact, my friend Alyssa self-published her first book and has sold more than 13,000 copies.

She is now earning a great passive income of over $200 a day from her book ($6,500 in one month alone!).

In this free resource, you will learn:

  • What it takes to publish a book
  • The strategies used to launch a book
  • Writing tips

And more!

You can sign up for free at Self-Publishing Your First Book.

 

16. Become a scopist.

A scopist is someone who edits legal documents for court reporters. A typical salary for an average scopist is around $30,000 to $45,000 per year.

In this free course, you will learn:

  • What is scoping? What does a scopist do?
  • What about finding clients and marketing?
  • What’s the earning potential?
  • What do I need to get started?

If you are looking for free online job training courses about becoming a scopist, I definitely recommend you click here to sign up for the free How To Become a Scopist course.

 

Which course is best for working from home? What can I learn at home for free?

As you can see, there are many different free work from home courses that can help you start your own home business.

The best work from home job will vary from person to person.

I recommend writing down the ones that interest you the most, and exploring those further by taking the free resources mentioned above, doing some online research, and even asking those in the industry how they like their job.

Again, below is a quick list of the free work from home courses and resources that I shared above:

  1. Sell on Amazon Starter Course
  2. Selling Printables on Etsy Ebook
  3. How To Start a Blog Course
  4. Build A Voiceover Action Plan From Scratch Minicourse
  5. Start An Online Advertising Business From Scratch
  6. Start Your Virtual Bookkeeping Business
  7. Turn Your Passion For Visiting Thrift Stores, Yard Sales & Flea Markets Into A Profitable Reselling Business In As Little As 14 Days
  8. General Transcription Mini-Course
  9. Become a Proofreader 76 Minute Webinar
  10. Court Transcript Proofreading Mini Course
  11. Podcast Virtual Assistant Workbooks
  12. Make Money Writing Romance Novels ecourse
  13. Pinterest Virtual Assistant Training Workshop
  14. Jumpstart Your Virtual Assistant Business
  15. Self-Publishing Your First Book
  16. FREE Intro to Scoping Mini-Course

Which free work from home courses are you interested in?

Related Posts

<!–
–>

Source: makingsenseofcents.com

Harris Poll Online: Earn money for taking surveys!

January 16, 2019 | Meg

FavoriteLoadingAdd to my favorites
This post may contain affiliate links. Read my disclosure policy here.

Looking for creative ways to stretch your budget and earn a little extra? Sign up with Harris Poll Online to earn gift cards for taking surveys!

Reader Jessica wrote in with a testimonial about her great experience:

“I am a SAHM and always looking for ways to earn money and contribute financially to my family! I joined Harris Poll Online. It’s a survey site that does not require anything except for you to register. It finds short surveys based off your profile you create, and they can range from 15 to 300 points. When you sign up they give you 50 points immediately. I have used the site for just about a month and have earned a little over 1250 points which amounts to a $10 Amazon gift card. Most surveys take less than 15-20 minutes and can be done on your mobile device.”

Go here to sign up!

Surveys are a great way to make some extra income on the side! This is a great list of legitimate survey sites you can trust!

Looking for more opportunities to make money from home? See my list of recommended survey companies here.

Subscribe for free email updates from Money Saving Mom® and get my Guide to Freezer Cooking for free!

Read Newer Post
« Yankee Candle Large Jar Candles for just $10.99 shipped!
Read Older Post
Gymboree: Extra 50% off Entire Site + Free Shipping! »

Source: moneysavingmom.com

How to Make a Side Income Running a Vending Machine Business

“We’re in a tough, tough industry right now with COVID-19. A lot of stores don’t want the machines there, they don’t want the kids congregating, they don’t want people touching them,” said Scott Ausmus, director of manufacturing for National Entertainment Network, Inc. and president of the National Bulk Vendors Association.
That data came from the Automatic Merchandiser’s Annual State of the Industry Survey — before the full impact of COVID-19 hit.
Places with lots of foot traffic are good. Before COVID-19, that meant schools and universities, malls, office parks, etc.
When looking for locations, be prepared to approach the owner or landlord with a business plan for the machine.

The Vending Machine Business During COVID-19

“One of the hardest things to do is to locate a location,” he said.
Tiffani Sherman is a Florida-based freelance reporter with more than 25 years of experience writing about finance, health, travel and other topics.
There were 2,175,756 vending machines in service in 2019 in a variety of locations including:

  • Manufacturing areas
  • Offices
  • Retail spaces
  • Hotels/motels
  • Schools
  • Hospitals and nursing homes
  • Universities/colleges
  • Correctional facilities
  • Military bases
  • Restaurants, bars and clubs

The more perishable the product and the busier the area, the more of your time the machine will take.
Get the Penny Hoarder Daily
Ready to stop worrying about money?
“Then you only work probably three days a month, basically on the whole gig,” said Ausmus. “Three four days a month can make somebody a good little extra income.”
Think about where people need to wait. While waiting, they may get hungry or thirsty. Ausmus’ novelty machines need kids around.
You will need inventory and someone to keep the machine stocked and maintained. This may require a van or truck.
While the startup costs are low and the income is often passive, owning vending machines is not without risk. You must be able to understand your own financial situation and how much you can afford to invest.
Vending machine businesses are scalable, meaning it’s possible to start small and expand. You don’t have to wait for payments because customers pay when they purchase an item.
Vending machines serve that purpose — and make money for the machine’s owner.

Starting a Vending Machine Business

He grew up in the vending business. The machines he sells and operates are the novelty kind, offering things like stuffed animals, toys and gumballs. Many are in restaurants and entertainment venues like bowling centers.
Then you will need an actual vending machine. There are several types, and prices vary depending on what is in the machine, whether it needs refrigeration or heating, and the interactivity.
As we continue to make our way through COVID-19, many people are still looking for ways to get items they need without physical contact with another person.
One of the first steps in starting a vending machine business is finding your niche and deciding what to sell. That takes a bit of research and knowing who your customer is.
Also be prepared to:
Perishables need to be stocked more often than other items. Learning some basic maintenance skills could keep you from having to hire someone if there is a problem with the machine.
There is the cost of the machine, the cost of inventory, personnel to keep it stocked, maintenance and more.

Location, Location, Location

Machines range from about ,500 for a used or refurbished machine to several thousands for a new, high-end machine with many technical features.
Source: thepennyhoarder.com
“It’s really not a bad risk to put it in a location and find out that it’s not making enough money. … You can remove it and move it to the next one until you find that right location,” Ausmus said.
With many offices, businesses and other public spaces closed or restricted due to the coronavirus pandemic, the vending industry is certainly taking a hit.
Buying directly from a manufacturer or supplier is one option, as is purchasing on a secondary market. Some companies also rent machines. Ausmus cautioned to make sure there are spare parts and support available for what you buy.
There are also machines for bulk vending like gumballs, stickers, toys, novelties and more. During COVID-19, machines popped up selling masks and hand sanitizer.
“Make sure that you have your phone number on the machine, and that the store location knows your phone number,” said Ausmus. “If somebody didn’t get what they wanted, make sure the store can give them a refund and you pay the refund back to that store. Then get out there as soon as you can to fix the machine so that you can continue to make money.”
Automatic merchandising isn’t for everyone, but owning and operating a vending machine can be a good business. Being able to retrieve the money you make and restock your machines easily is the key.

  • Pay a percentage of sales or other fee for having your machine in their location.
  • Pay for the electricity the machine uses.
  • Ensure the security of the machine. There is money inside a machine as well as inventory. Theft and vandalism are always possible.
  • Research state and local laws and regulations.
  • Pay sales tax on the revenue the machine generates.

Key Purchase: Your Vending Machine

Privacy Policy
Many factors make owning a vending machine an attractive business venture.
While owning vending machines does not require any special skills, it is a business.
To put yourself in the best position to be profitable means finding the right location.

  • Remote monitoring software: This helps keep track of how the machine is working and notifies the operator if something is wrong.
  • Low stock alerts: Notify the operator when items needs replacing.
  • Vending management systems (VMS): Tracks sales and other data to help owners make better business decisions.

Running a Vending Machine Business

“There’s a higher profit in the gumball then there is anything else,” Ausmus said. “The cost of goods is low on the gumballs and everybody likes gum, so everybody still purchases a gumball and so that is a winner for a lot of people.”
“If (your machine location has) a big break room and a lot of employees, you would have to be there once a day to fill your machines up because that’s how busy they are,” Ausmus said. Other machines like toys and candy don’t require as much restocking.
Different types of machines have different capabilities. Some take only cash while others will process credit or debit cards. Some models have touch screens or voice capabilities.
Some machines have:
Revenue for the vending machine industry was .2 billion in 2019, up 3% from the year before.
At places like airports, vending machines often sell tech accessories and travel essentials like neck pillows, blankets and eye masks. Laundry rooms in residential buildings often have machines with detergent and fabric softener.
The startup costs are relatively low, sometimes around ,000. The work is flexible and often doesn’t require much day-to-day involvement. The risk is comparatively low and there is growth potential.
“You gotta buy the right product. If you buy the wrong product, it won’t move and you won’t make any money and you certainly don’t want to throw [product] away,” Ausmus said. “You’ve got to have the variety for people and find out which ones they want and that’s what you restock with, what sells.” <!–

–>




Basically, all you need to get started is some startup money to buy a machine, a good location and the right products.