How much do Twitch streamers make? Twitch is a popular live streaming site where you can watch people play video games online. Yes, you can actually get paid to play video games online! And, over the last few years, Twitch has added many more ways you can live stream other than just gaming, such as…
How much do Twitch streamers make?
Twitch is a popular live streaming site where you can watch people play video games online.
Yes, you can actually get paid to play video games online!
And, over the last few years, Twitch has added many more ways you can live stream other than just gaming, such as cooking, advice, talking, travel, and more.
I remember when Twitch first came out and it was still pretty new. So many people dreamt of making it big on Twitch and were wanting to play video games all day and make a lot of money. I even had many friends who tried to get popular on the site.
Twitch’s wide reach has allowed so many people around the world to make money. So, you may be wondering how much Twitch streamers can make and whether it’s even possible for you.
In today’s article, I will be diving further into how much Twitch streamers make and how they make money.
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Quick Summary – How much do Twitch streamers make?
Twitch is a site where you can make money playing video games, talking, and more.
You can make money with paid subscriptions, ads, selling merchandise (such as a t-shirt with your logo on it), and more.
The highest-earning Twitch streamers make millions of dollars each year, while the majority of Twitch streams don’t earn much at all (the top 100 streamers on Twitch make at least $30,000 each month).
What is Twitch?
Twitch is a live-streaming site that was started in 2011 and is now owned by Amazon.
There are a whopping 7,000,000 streamers who go live on Twitch regularly and there are 35,000,000 daily viewers. That is a lot of people!
Content creators can live record themselves playing video games (such as Fortnite, Minecraft, Grand Theft Auto, World of Warcraft, Call of Duty, and Valorant) and people will watch.
While Twitch used to be all about watching people just play video games, now you can also watch people live stream themselves cooking, talking to viewers, traveling, doing their daily routine, and more.
Who is the biggest streamer on Twitch?
There are many popular channels on Twitch such as Ninja, Shroud, and Pokimane. The top streamers on Twitch earn millions of dollars each year!
Twitch streamer categories
On Twitch, streamers are categorized into three main groups:
Streamers – These are new and casual creators who might not be making money from their content yet. Or, maybe they don’t ever plan on making money and they are just doing it all for fun. When you first join Twitch, this is what you start as. It gets a little confusing because there’s the name Streamers, but there are also Twitch streamers (which is everyone who streams).
Affiliates – These are streamers who’ve reached a certain level of success and can receive donations, subscriptions, and ad revenue.
Partners – These are some of the most popular streamers on Twitch. They get many perks, such as being able to keep a higher revenue percentage from some of the Twitch monetization methods.
Unlike Twitch Affiliates, where you are invited automatically when you meet the requirements (talked about below), you must apply and be selected to join the Twitch Partner Program.
How to Become a Twitch Affiliate
To make money on Twitch and work from home, you will first need to become a Twitch Affiliate (becoming a Twitch affiliate is not required in order to apply to become a Twitch Partner, but it is encouraged by Twitch.). That is what they call a broadcaster (someone who is live streaming on Twitch).
The Twitch Affiliate program is available around the world. You can stream and make money on Twitch no matter where you live. To get started streaming on Twitch, you can do so from a desktop computer, laptop, Xbox, Playstation, or even your cell phone.
To become a Twitch affiliate, you must meet 4 requirements within a 30-day period:
Reach 50 followers
Stream for 8 hours
Stream on 7 different days
Reach an average of 3 viewers per stream
Once you reach all four of these requirements (at the same time), you will then receive an automatic invite to their program. It may take a few days to receive the invite, but it will come!
What percentage of streamers are successful?
There are some stats out there if you are curious about how much money people make on Twitch – The top 1,000 streamers earn at least $7,000 per month, while the top 10,000 streamers make around $900 per month or more.
So, that means that there are 7,000,000 streamers on Twitch, and only 10,000 of them earn $900 or more per month. That’s not a very high success rate, but I’m sure a lot of those 10,000 people who are earning at least $900 a month are happy.
Plus, as I said earlier, many of the 7,000,000 may be streaming on Twitch just as a hobby, and may not even be trying to make it big.
Is it hard to get big on Twitch?
Yes, it is hard. The average person on Twitch makes less than $900 a month, with many making just a few dollars a month or nothing at all.
This is because there’s a lot of competition on the site. You’ve got to remember that there are 7,000,000 other people on the site and many of them are probably trying to make money on Twitch as well.
To grow on Twitch, you will want to be consistently live streaming (at least a few times a week!), engage with your viewers (talk to them, use their names, and say hello), and find a way to stand out from your competition. You will most likely need to spend a lot of hours on Twitch to make any money.
How to make money on Twitch
There are several different ways that you can make money on Twitch, such as:
Twitch subscriptions
As a Twitch streamer, one of the main ways you can make money is from subscriptions. A subscription is when a viewer gives you money on a regular basis and pays a minimum of $4.99 per month for your Twitch channel.
A viewer may subscribe because they can watch live chats, get to watch your live streams without advertising, or simply just want to show their support because they enjoy your live streams.
Subscriptions come in tiers from $4.99, $9.99, and $24.99, with Twitch taking 50% of the revenue for Twitch Affiliates. Once you reach Twitch Partner status, your revenue share may increase to 60%-70%.
Bits donation earnings
Another income source for Twitch streamers comes from donations made by your viewers. Donations can come in the form of Twitch Bits or direct donations. You receive $0.01 for each Bit used in your chat.
Now, one penny may not seem like much, but it can add up quickly. Plus, you get to keep 100% of the donations you receive.
Twitch Bits are virtual tokens used to support content creators on the Twitch platform. Your viewers can purchase Bits through Twitch and these can then be used to “cheer” in a streamer’s chat by typing “cheer” followed by the amount that they want to give you. When a viewer cheers, their message is highlighted, and the streamer receives the Bits. The streamer may then publicly thank them for their support.
Twitch ads revenue
As a Twitch Affiliate and Partner, you can run advertisements during your streams and make money.
Twitch ads are short video clips shown during a Twitch stream, giving you a way to make money. Think of this like an ad that you may see when watching a YouTube video.
While ads can earn you money, they can impact the viewer experience (don’t you hate a lot of long ads when you’re watching something?). Twitch Partners have control over when and how ads are shown on their channels, which can help make the ads better for viewers.
Amazon Associates
This is one of my favorite ways to make money online.
Affiliate marketing with Amazon on Twitch is when you can get paid to share links to products on Amazon. For example, a product that you can share with your viewers could be the video game that you are playing on a live stream.
Then, when a viewer makes a purchase through an affiliate link, the streamer earns a commission.
Sponsored partnerships
Twitch streamers can make money from their channels through sponsored partnerships with brands. This is when you partner with a company and promote their product on your Twitch channel, social media account, and so on.
This may include talking about a product, wearing a clothing item with their logo on it, or showing their product in a live stream.
The earnings from a sponsored partnership are negotiated between the streamer and the brand, and depend on the channel’s reach, engagement, and more. Some sponsored partnerships may earn you a couple hundred dollars and the most popular Twitch channels may earn hundreds of thousands of dollars for a sponsored partnership.
Patreon
To make even more money, many Twitch streamers use Patreon. Patreon is a site where creators can receive monthly contributions from fans. Fans support you because they like watching your content.
Depending on your content, you could offer perks just for your fans who are monthly contributors, early access to content, merchandise (I’ve seen many creators give out stickers and other merchandise for certain levels), secret content that is only on Patreon for people who are paying the monthly fee, or more for different pledge levels.
You get to choose how much each level is, and your fans get to choose which level they want and how often they want to pay.
Merchandise
Selling merchandise, such as t-shirts, hoodies, mugs, stickers, or accessories, can be another way that a Twitch creator can make money online.
For example, if someone likes watching your content, then they may be interested in things like what you’re wearing.
Twitch streamers can partner with merchandising platforms to set up an online store, making it easy for viewers to look at and purchase.
Average Twitch streamer earnings
Wondering what the average Twitch streamer makes? Below, I will be talking about small, medium, and the most popular Twitch streamers.
Small Twitch streamers
Wondering how much small Twitch streamers make?
As a small Twitch streamer, it’s important to know that your earnings will likely be lower in the beginning. Many small streamers are still working towards reaching Twitch’s $100 minimum payout threshold (and many will never reach that).
It will most likely take a long time before you will make $1,000 from Twitch. Many people quit just a month or a few months in, and that is simply not enough time to make money on Twitch.
To make more money, you should spend time growing your following, engaging with viewers, and finding a way to stand apart from the crowd.
Medium Twitch streamers
For medium-sized Twitch streamers, you can possibly earn more money as your number of concurrent viewers, followers, and subs grows. You can become a Twitch Partner with an average concurrent viewership of just around 75 viewers.
But, that’s not all that you need to become a medium Twitch streamer. You’ll want many more viewers to make a full-time income.
This can lead to an increase in your earnings from revenue streams like subscriptions, bits, and ads, as well as sponsorships.
Medium Twitch streamers at this level can expect to earn anywhere between $1,000 to $5,000 per month, depending on their popularity and sponsorships.
Top Twitch streamers
When it comes to the top Twitch streamers, they usually have tens or even hundreds of thousands of viewers during their live streams.
The top Twitch streamers can make hundreds of thousands or even millions of dollars each year. They make money through sponsored partnership deals, Twitch subscriptions, and viewer donations (bits). You also can sell a lot of merchandise once you’re big because everyone will want your stuff.
Frequently asked questions
Here are answers to common questions about how much money you can make on Twitch.
How much does a Twitch streamer make per 1,000 views?
I did a little research, and it looks like Twitch streams make around $3.50 for every 1,000 views on average. Of course, you can make more than that if you are talking about subs, which I talk about below.
How much does a Twitch streamer make per subscriber?How do Twitch streamer subscription revenues work?
A Twitch Affiliate makes around 50% of subscription fees, with some Twitch Partners earning up to 70%. For example, if you have 100 subscribers at around a $5 subscription price, you could make around $250 per month.
At 1,000 subscribers, you may be able to earn around $2,500 per month from just subs.
At 10,000 subs, you may be able to earn $25,000 each month from just subs.
That is a lot of money! And, on top of that, you can earn money from ads, affiliate marketing, sponsored partnerships, and merchandise.
How much do Twitch streamers make a year?
The amount you can make in a year depends on different things – you may make $0, $100,000, or over $1,000,000 a year.
Do Twitch streamers get paid daily?
No, they don’t get paid every day. Payouts happen every 45 days for Twitch Affiliates and every 15 days for Twitch Partners, as long as you have reached a minimum payout earnings of $50.
So, for example, if you make $100 on March 5th, then you will get paid around April 15th.
You can choose your payout method too – from ACH/direction deposit, check, or PayPal.
Do Twitch streamers keep 100% of donations?
Yes, Twitch streamers get to keep 100% of donations.
What other ways do Twitch streamers make money?
Besides subscriptions, donations, and ad revenue, Twitch streamers can also make money from brand sponsorships, selling merchandise (like mugs and shirts), and affiliate links (like video games). They can even sell courses, start a Youtube channel, sell ebooks, and more.
How hard is it to make a living on Twitch?
Making a living on Twitch is definitely hard, as you will have to do a lot of streams, be personable with your viewers (talk to them during your live stream, for example), and learn how to grow.
Twitch is a very competitive platform, and only a small percentage of streamers make enough money to support themselves on a full-time basis. So many people want to see success on Twitch, but there is so much more that goes into it other than just playing video games. The top Twitch streamers are running a full-time business!
How Much Do Twitch Streamers Make? – Summary
So, how much do Twitch streamers make?
As you learned above, the amount depends on many different factors.
Thankfully, though, there are many different ways for a person to make money with their Twitch channels, such as with subscriptions, sponsorships, ads, donations, selling t-shirts, and more.
The average Twitch streamer does not make a full-time income, but there are quite a few streamers who make over $100,000 per year. And, some even make in the millions of dollars each year.
Wouldn’t that be amazing?
Are you interested in learning how to make money on Twitch?
Today we are speaking with Leslie Heindel, the woman behind 365 New Orleans and Be New Orleans!
1. Who are you and what do you do?
My name is Leslie Heindel. I’m a 5th generation New Orleanian and have been a REALTOR since 2014. My niche market is single women, but I help all kinds of folks. I am super passionate about shopping locally and I’m very community focused.
2. What was your inspiration behind the 365 New Orleans campaign? Why the emphasis on artists?
I thought it would be a great way to highlight small businesses, artists, and non-profits in New Orleans and the metro area. I wanted people to know it was completely free and there were no gimmicks – because we had pushback when we started. People wanted to know what the catch was. Artists are self-employed and they are their own business. We have so many amazing artists in New Orleans that the project could have just been about them. However, not enough of them get exposure or know how to market themselves well. I say this as an opportunity to give them a shout-out.
3. How many days have you completed so far, and what are a couple favorite people/places?
Today (6/17) we are at Day 331. Oh god, so many of them are my favorites. Angela Grillo who is a dream reader was pretty amazing. I ended up hiring her and just think she’s supremely talented. Desmond Melancon is an artist who does hand beading. His work is so intricate and phenomenal. Mose, Mary, and Me makes pop-culture candles. I own so many of them and was excited to meet the creator. oh! And NOLA Sips. I saw a woman selling adult-beverages that looked like grown up Capri Suns outside of the Beyonce concert. I KNEW I had to track her down – and I did!
4. What’s the biggest surprise since you started?
The reception it’s received. Many of the featured people have told me they have gotten new clients and that was all I ever hoped for. Also, while I hoped it went well, I had so many supporters trying to help me get to the finish line.
5. How do you measure the ROI of your efforts?
There is no ROI because that’s not what this is about. While I have picked up some business from it – not everything is about making money. This was never about that. 365 New Orleans is about promoting our small businesses and shining the light on them – not me. I’ve paid a social media manager, I am throwing a party for all the participants. This is a project strictly coming from the heart.
6. What your advice to other agents/brokers considering taking this approach?
HAVE A GAME PLAN. This is a massive undertaking. Lots of people start and never finish. If you don’t think you have enough people and places for 365 days – then do it another way. Do one a week then! If I could turn back time, I would have had a month worth of interviews before starting. I only had 7 interviews completed when I launched. It was a huge gamble, but it paid off.
If you don’t have the time to post everyday, get a social media manager. It was the best money I ever spent.
Thanks to Leslie for taking the time to provide color on her efforts. If you’d like to learn more, contact her at [email protected] or on Linkedin here.
Are you looking to learn how to find a free car? Cars are expensive. There’s no doubt about that. Is it possible to get free cars? Getting a free car may sound too good to be true, but it’s possible for people who meet certain requirements, which we will talk about below. In this article,…
Are you looking to learn how to find a free car?
Cars are expensive.
There’s no doubt about that.
Is it possible to get free cars?
Getting a free car may sound too good to be true, but it’s possible for people who meet certain requirements, which we will talk about below. In this article, I’ll show you how to get a free car through different ways, from charity donations to assistance programs, and more.
I understand that there are so many people who would benefit from a more affordable transportation option. After all, a car can be essential to landing a job, getting to work, helping you pick up and drop off your children at childcare (so that you can work!), getting groceries, and so much more.
Low-income families, single parents, individuals with disabilities, veterans and their families, and so many others may particularly benefit from getting free vehicles to improve their quality of life.
Whether it’s making it easier to get to work, taking the kids to school and childcare, or simply attending important appointments, acquiring a free car can have a significant impact on your daily life.
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Why do free cars exist?
Free cars exist to help people who need transportation.
There are many organizations whose sole purpose is to help you get a free car because they know how much it can change a person’s life.
Below are some organizations that may help you find a free car:
Nonprofit Organizations— Some nonprofit organizations give away cars for free to those who need one. They work with local partners and households and accept donations of old cars and used cars, which are then fixed up and given to those who need them. These organizations usually target specific groups of people, such as low-income families, working families, single parents, military families, or disabled individuals, who may find it hard to afford a car on their own.
Churches and Private Charities— Churches and private charities may offer car help in your community as well. They usually work on a smaller scale, providing help to local residents experiencing hardships and may just give out a free car here and there. These organizations often rely on donations from members of the community and local businesses, and they require applicants to demonstrate a genuine need for a vehicle. You may need to contact local churches and charities directly to learn more about how to get a car for free.
People donate their used cars all the time. Their reasons may be either because they have no use for the car, they want to avoid the hassle of selling a car, for tax breaks, or they want to help others.
Who can benefit from free cars?
There are many people who can benefit from a free car, such as:
Low-income families— If your family is struggling with money and you are finding it hard to afford your bills, you might be eligible to receive a free car if you can show your need to an organization.
Single mothers and single parents — Single moms and parents need transportation so that they can get to work and also be able to bring their children to childcare. Not having a car can make this much more difficult.
Domestic violence victims — Having reliable transportation can be important for the safety and well-being of domestic violence victims. Some organizations have experience providing a free car in this situation and understand the need for privacy.
Disabled individuals — If you have a disability, you might be eligible to receive a free car to help you get around and be more independent.
Veterans and military families — Veterans and military families can also benefit from free car programs. There are organizations dedicated to providing assistance to those with a military background, to repay them for their service and sacrifices.
Victims of natural disasters — If you have experienced loss from a natural disaster, then you may benefit from many charitable free car organizations.
Of course, there are many more people who could benefit from finding affordable transportation as well. This is not a full list of those who might need a free vehicle.
Now, you do want to be cautious with getting a free car. If you are receiving government assistance, such as housing assistance, welfare, or food stamps, then accepting a free car may be considered income and it can affect your benefits. This is something that you will definitely want to think about as you do not want to lose these benefits.
How To Get A Free Car
There are organizations that help you get a car when you need a free vehicle. And there are other ways to find a free car as well. Below are some of the options that you may want to look into:
1. 1-800-Charity Cars
1-800-Charity Cars (also known as Free Charity Cars) is a nonprofit organization that provides free vehicles to eligible people, including domestic violence victims, the medically needy, victims of natural disasters, veterans and military families, and families transitioning from public assistance to work. It was the first charity of its kind in the nation.
This is the original free charity cars organization and they have given away over $70,000,000 in cars (over 9,000 cars) nationwide since they started the organization in 1996.
To apply, you will need to meet their eligibility criteria and submit an application on their website. Some of their eligibility requirements include being over the age of 18, being a resident of the U.S., having a valid driver’s license, being at or below 200% of the Federal Poverty Level, and having a genuine need for a vehicle.
This is a good place to start if you need a free car and you’re wondering where can I get a donated car for free.
2. Vehicles for Change
Vehicles for Change was started in 1999 and has given out over 7,500 cars to low-income families for little to no cost.
This organization helps residents in the states of Maryland and Northern Virginia. Cars are repaired and restored by people seeking workforce training as auto mechanics.
Donated vehicles are provided to families in need who meet their eligibility requirements. Eligible applicants must have a verifiable job offer or be working at least 30 hours per week, have no DUIs, and have a valid driver’s license to begin the application process.
3. Good News Garage
Good News Garage is a car donation program to look into if you’re trying to find a free car. They provide refurbished free cars for low-income families that meet their eligibility requirements. They give out around 200 cars to families in need each year and have provided around 5,500 cars since starting in 1996.
This organization is available for those in need who live in the New England area of Massachusetts, Vermont, and New Hampshire.
Good News Garage also has a transportation program. If you need to get to a job or get your children to childcare, then their program Ready To Go may be able to help you with this as well.
4. Online Car Donation
OnlineCarDonation.org is another platform that donates refurbished vehicles to needy individuals and families.
Online Car Donation gives free cars to people such as those with physical challenges, families living in homeless shelters, military families, and more.
You can apply by filling out their application form on their website and providing the required documents to prove your eligibility.
After you submit your application for a free car, if you are chosen, you will be contacted within 30 days. If you do not hear back within that time frame, their website says you can apply again as applications are only valid for 30 days.
5. With Causes Charitable Network
The WithCauses.org Network helps individuals and families in need by providing resources and assistance, which includes help getting a free car. The eligibility requirements may vary, so visit their website to find out if you qualify and how to apply.
6. Salvation Army free car program
The Salvation Army offers a free car program for eligible candidates.
They mainly focus on helping domestic violence victims, families in dire financial situations, and the homeless. Visit your local Salvation Army branch to inquire about their car donation program and how to apply.
7. Cars 4 Heroes
Cars4Heroes donates free cars to first responders, military veterans, and their families who are in need of transportation.
Cars 4 Heroes was started in 1996, and the organization currently gives away over 300 cars a year in the Kansas City, Kansas, metro area.
You can fill out their application form on their website and provide the required documentation to be considered for a free car.
8. Local church
Your local churches or other religious institutions may have programs that provide free vehicles to families that need help getting a car.
You may want to contact your nearby churches to find out if they have any car donation programs and how to apply or if they have eligibility requirements. They may know someone that they can connect you with to help you get a free car.
9. Check Facebook Marketplace and Craigslist
Many people often give away their cars or sell them at low prices on platforms like Facebook Marketplace and Craigslist.
If I was wondering about free cars near me, then I’d browse through these websites regularly to find out if anything is available. The search can be customized by entering your budget and location to see if anything suitable turns up.
10. Find a job that gives you a free car
There are jobs that may give you a free car as well, in case none of the above options works for you.
Some job positions that may come with a company car include sales representatives, district managers, or regional directors who spend a lot of time traveling between different offices.
To start your search for jobs that give you a car to take home, you can look for job postings with phrases like “company car provided” or “full-time vehicle provided.” Job websites such as Indeed, LinkedIn, and Glassdoor make it simpler to find such job listings by using specific keywords, so you may try searching for those. I did a quick search and was able to pull up jobs easily by typing those phrases into the keyword search bar.
Some employers might offer a car allowance instead of providing a free car. In this case, you would receive a monthly stipend to use toward your vehicle expenses. This would offset some of your car expenses, such as monthly payments or maintenance.
Also, if you know someone who currently has a company car, you can try asking them for tips and advice. They might even refer you to open positions at their workplace, and this can help you get a job with a free car as well.
11. Look for a free dealer donation
Dealer donations are a little more difficult of an option, as car dealers are in the business of making money, not giving away all of their cars that make them that money.
But, it doesn’t hurt to try if you have the time to write a letter and reach out to a car dealership.
To obtain a car dealer donation of a free used car, you’ll want to start by seeing what local dealerships are in your area. You can research their involvement in charitable activities to see if they even give out free cars (maybe do a simple search of the dealership’s name plus the term “free car” or something like that), as this will show you that they are open to the idea of donating a vehicle to those in need of a free car.
Once you have a list of local dealers to reach out to, there are ways to get a free car from a dealership. You can write a letter talking about your situation and reasons for requesting a donated car. You should talk about your struggles and the positive impact the donation will have on your life (such as, what a donated car will help you do).
When writing your letter for a free dealer donation, here are some things to think about:
Write the letter to the dealership’s owner or general manager, as they will likely have the authority to approve a car donation or be able to talk to someone who does have that authority.
Explain your situation fully and provide the specific reasons why you need a car.
Talk about how a car donation would improve your life and allow you to overcome challenges or achieve goals.
Provide information on any relevant programs or resources, such as a community organization or nonprofit, that may support your request for a free car.
After you have written your letter, submit it to the dealership. You may do this by sending it to the physical mailing address of the person, their email address, or perhaps even handing your letter to them in person.
Here are answers to common questions you may have about finding a free car:
What are other transportation options if I can’t find a free car?
There may be a long waiting period if you are applying for a donated car. If you are not able to find a free vehicle, then you may need to look into other options to get around town. Here are some ideas on how to get around if you don’t have a car of your own:
Public Transportation— If you live in a place with public transportation, then this option is something to look into. One great thing about public transportation is that you won’t have to pay to maintain a vehicle or repair anything. Of course, public transportation sometimes takes longer and may not be widely available to you (unfortunately, there are many towns in the U.S. that do not have great public transportation options), and that is something to think about. Also, more and more cities offer public transportation at no charge. You may have to apply for a special card to get this free service, or it may be available to everyone. It’s worth asking around about because it can save you hundreds of dollars a month.
Carpooling — Carpooling is an option to think about if you are unable to find a free car, especially for people who live in areas with limited public transportation. Car owners may be looking for riders so that the expense of ownership is offset a bit. You’ll need to share the cost of expenses, such as gas, tolls, parking, and wear and tear. You may be able to share rides with coworkers, friends, or neighbors. To save money, you could offer to trade babysitting, gardening, or home repairs for the ride. Also, check out carpooling apps that apply to your local area.
Rideshare Services — Now, rideshare most likely won’t be the most affordable option, but sometimes you don’t have a choice. Rideshare services, such as Uber and Lyft, may be able to get you to where you need to go if you don’t have any other options. To save money, use an app that compares rideshare companies and finds you the cheapest price. And, as far as your work commute, it’s good to know that some companies offer rideshare services as a benefit to their employees and will pay for the full cost or part of it.
How can I find free cars given away near me?
Yes, you can find free cars given away near you. There are many local organizations that may be able to help you out. You can research the various charity programs in your area and see if you meet their eligibility requirements for a free car.
Many charities, such as Charity Cars, provide free vehicles to people in need. These organizations often target specific groups of people, like veterans or victims of domestic violence.
Next, reach out to local branches of organizations like the Salvation Army or Goodwill Industries. These organizations may also auction off donated cars at affordable prices. Reach out to your nearest branch to learn more about available vehicles and to find out if they hold any auctions.
Another option is Online Car Donation, which aims to provide free cars to as many people in need as possible. Fill out their application to see if a reliable used car is available for you. They also offer trucks, vans, and sometimes even modified vehicles for individuals with disabilities.
Remember to be patient but also to keep trying, as it can sometimes take time to find the right opportunity for a free car. And, many times your application is only good for 30 days, so keep in mind that you may have to submit it over and over again.
Is Free Charity Cars legit?
Yes, Free Charity Cars is a legitimate organization that connects eligible people with free vehicles. They have high ratings and many endorsements.
How to get a car if you can’t get a free one?
If you’re not able to get a free car, you do have some other options, such as learning how to get a cheap car and learning the best way to get a car loan with a low interest rate.
Here are my tips for finding a cheap car:
Shop around for cars that are affordable to you: Many organizations offering a free car may also give you the option of purchasing a refurbished vehicle from them at a much lower cost than elsewhere. Otherwise, check out your local dealerships, online car-selling platforms, and even Craigslist to find the best deals on reliable cars in your area. Don’t limit yourself to just one site; shop around and be patient until you find a car that fits your budget.
Buy a used car: Buying a used car rather than a brand new one can save you money. Pre-owned vehicles tend to be more affordable and can still offer reliable transportation.
Negotiate for the best price: Don’t be afraid to negotiate the price of the car with the car seller or dealership. They may be able to lower the price, especially if you can show them that similar cars are around for cheaper prices elsewhere.
Check your credit score: Before applying for a car loan, make sure that you know your credit score. A better credit score increases your chances of getting a lower interest rate on your car loan. If you can, I recommend you take the steps to improve your credit score (even while searching for a free car) in case you need to apply for a car loan.
You can learn more about building up your credit score at Everything You Need To Know About How To Build Credit.
Shop around for car loans: Just as you should shop around for the best car deal, you should do the same for car loans. Different lenders may offer different interest rates and loan terms.
Choose a shorter loan term: While a shorter car loan term means higher monthly payments, you’ll pay less in interest overall, making the car less expensive over the years.
There are plenty of options for finding cars that may not be entirely free but are still affordable to you.
Related content: Save Money With These Top Tips For Buying A Car
How To Get A Free Car — Summary
I hope you enjoyed today’s article on how to get a free car.
If you need a car but cannot afford one, there are several ways to possibly get a free car. Many programs and organizations exist to help people get a free car, especially if you belong to certain categories, such as low-income families, veterans, domestic violence victims, or those transitioning from public assistance.
Remember, you do want to be cautious with getting a free car as well. If you are receiving government assistance, such as housing assistance, welfare, or food stamps, then accepting a free car may be considered income, and it can affect your benefits.
To find free cars near you, it’s important to explore local nonprofit organizations, as well as community centers, churches, or social services agencies that may have information about free car programs or resources in your area. Some jobs come with a company car that you can take home.
Here are some potential resources to assist you in getting a free car:
Local nonprofit organizations
Online car donation websites
Community centers and churches
Social services agencies
Remember that just because you meet the eligibility requirements for a free car and apply for one, it does not mean that you will succeed. There are many people who would like to receive a free vehicle as well. However, you can increase your chances of getting a free car if you can show that you have a need and you have a story to share (since people personally review the applications to see who needs the car the most).
Looking to build wealth with the best income-generating assets? As you set out on the path to financial freedom, understanding the different types of income-generating assets can truly change your life. This is because you can invest in assets that will generate you income, earning you more passive income. Today’s article will introduce you to…
Looking to build wealth with the best income-generating assets?
As you set out on the path to financial freedom, understanding the different types of income-generating assets can truly change your life.
This is because you can invest in assets that will generate you income, earning you more passive income.
Today’s article will introduce you to a range of assets that reliably bring in cash, giving you peace of mind and the freedom to live life on your own terms.
From traditional investments like stocks and bonds to more creative options like peer-to-peer lending or real estate, income-generating assets give you the power to diversify your portfolio and build wealth over time.
Related content:
What are income generating assets?
Before we begin, I want to talk about the basics on income-generating assets, in case you are new to the subject or if you want a background first.
Income-generating assets are investments that, as the name suggests, generate income for you. These are assets that provide you with a steady cash flow, allowing you to earn passive income and build your wealth over time.
Examples include rental real estate and dividend-paying stocks (we will go over 17 different types of income-generating assets below in more detail).
There are several benefits of the best income-generating assets such as:
Passive income: You earn money without actively working, and this can provide financial freedom and the ability to focus on other things in life. You can earn money in your sleep, while on vacation, making dinner, and more.
Diversification: You can diversify your investments so that all of your income is not coming from just one source.
Wealth building: Earning income and generating a steady cash flow can help you build your wealth over time.
Note: Please keep in mind that there is no one-size-fits-all approach when investing in any of these income-producing assets. Everyone is different and while one asset may work great for someone, it may not be the right asset for you. I recommend doing as much research as you can if you are interested in one of the asset investments I talk about below.
Types Of Income Generating Assets
There are many types of income-generating assets. Some may be more traditional such as dividend-paying stocks, and others may be more alternative income-generating assets, such as selling stock photos, and even renting out your driveway.
Today, I will talk about 17 different types of income-generating assets, but this is not a full list of the best income-producing assets. There are many, many more!
The different types of income-generating assets that I will talk about today include:
1. Dividend-paying stocks
One of the best assets to invest in are dividend-paying stocks.
Dividends are simply a payment in cash or stock that public companies distribute to their shareholders.
The amount of a dividend is determined by a company’s board of directors, and they are given as a way to reward those who have stock in their company. Both private and public companies pay dividends, but not all companies pay dividends.
How do dividends work? If you own shares of a dividend-paying stock, then a dividend is paid per share of that stock. So, if you have 10 shares in Company ABC, and they pay $5 in cash dividends each year, then you will get $50 in dividends that year. While dividends can be paid on a monthly, quarterly, or yearly basis, they are most commonly paid out quarterly — so, four times a year. In this example, the $5 in cash dividends the company pays each year will most likely be distributed as $1.25 per quarter for each share of stock.
The most common type of dividends are cash dividends. Shareholders may choose to get this deposited right into their brokerage account. Stock dividends are another common type of dividend. In this case, shareholders get extra shares of stock instead of cash.
Both cash dividends and stock dividends are great income-generating assets that will earn more money for you.
As a shareholder, you can earn income when companies distribute profits to their shareholders. Look for stocks with a history of consistent dividend payouts and a high dividend yield. Keep in mind that dividend stocks are still subject to market fluctuations, and just because a company has paid a dividend in the past does not mean that they always will in the future.
Related content:
2. High-yield savings accounts and CDs
High-yield savings accounts and CDs are a great way to grow your savings, but most people have their money in accounts with low rates. Unfortunately, that means many of you are losing out on some easy money.
Savings accounts at brick-and-mortar banks are known for having really low interest rates. That’s because they have a much higher overhead — paying for the building, paying the tellers to help you in person at the bank, etc.
High-yield savings accounts offer an easy option for earning interest on your cash. Online banks often offer higher interest rates than traditional banks. As of the writing of this blog post, you can easily find high-yield savings accounts that can earn you above 4.00%.
Certificates of Deposit (CDs), another form of income-generating assets, are FDIC insured and provide a guaranteed interest rate over a specific term. Remember that access to your money is limited during the term of the CD. You will agree upon the term before putting your money in the CD. The terms typically vary in length from around 3 months to 5 years.
Money market accounts are also offered by banks and often with a higher yield than other types of savings accounts.
3. Real estate
Real estate is one of the most common income-generating assets that people think of.
Investing in rental properties is a popular way to generate steady cash flow. You can earn rental income from tenants, and properties typically appreciate in value over time.
Location and property management are important factors that can impact your return on investment.
By investing in real estate, you may be investing in residential properties, commercial real estate, short-term rentals, REITs, and more.
Recommended reading: How This Woman In Her 30s Owns 7 Rental Homes
4. Real estate investment trusts (REITs)
An REIT is a company that owns and manages income-producing real estate. They then sell shares to investors like stock.
By investing in REITs, you can make money in the real estate market without actually owning real estate.
So, if you don’t want to be a landlord, then this may be something for you to look into. This makes it much more passive than actually owning real estate and having to manage it.
You can even diversify your income stream with REITs by investing in different property types, such as residential homes, commercial office space, industrial, and retail store properties.
5. Bonds
Bonds are fixed-income investments that are issued by governments and companies. If you own a bond, you receive interest payments from borrowers on a regular basis.
An easy way to explain this is: When you buy a bond, you are giving someone a loan and they are agreeing to pay you back with interest.
Bonds with higher credit ratings are generally a safer investment but may offer lower interest rates.
6. Mutual funds
Mutual funds gather funds from investors to invest in stocks, bonds, or other securities. Basically, the funds are pooled together and there’s a fund manager who chooses the best investments.
Income-generating assets like this have multiple types of mutual funds available for multiple types of investors. Some of these fund types include bond funds, stock funds, balanced funds, and index funds.
Mutual funds typically have higher fees because they have fund managers who are actively trying to beat the market.
With a mutual fund, you get diversification because the fund manager mixes the assets in it.
7. Index funds and exchange-traded funds (ETFs)
ETFs and index funds are popular options for those who are looking to diversify their portfolio of income-generating assets.
This is because index funds and ETFs track a specific market index and invest in a wide range of stocks or other assets, instead of picking and choosing stocks in an attempt to beat the market. This is what makes them different from mutual funds.
They often have lower fees and higher diversification compared to actively managed funds.
8. Annuities
Annuities are long-term investments offered by insurance companies that give you a guaranteed income stream to build wealth. In exchange for a lump-sum payment or periodic contributions (such as monthly or annually), you’ll receive steady payments in the future.
The way it works is you pay premiums into the annuity for a set amount of time. Later, you stop paying premiums, and the annuity starts sending regular payments to you. Some are even set up to pay you back with a lump sum.
Annuities can be fixed or variable. A fixed annuity offers a guaranteed payment amount — which means a predictable income for you. As for a variable annuity, the payment amount does vary, depending on how the market is doing.
9. Websites and blogs
Starting a website can generate income through the money-making assets of advertising, affiliate marketing, or the sale of products and services.
Since I started Making Sense of Cents, I have earned over $5,000,000 from my blog through affiliate marketing, sponsored partnerships, display advertising, and online courses. These income-generating assets make sense for building wealth.
Blogging allows me to travel as much as I want, have a flexible schedule — and I earn a great income doing it.
Now, it’s not entirely passive, but I do earn semi-passive income from my blog.
You can learn how to start a blog in my How To Start a Blog FREE Course.
Here’s a quick outline of what you will learn:
Day 1: Why you should start a blog
Day 2: How to decide what to write about (your blog niche!)
Day 3: How to create your blog (in this lesson, you will learn how to start a blog on WordPress)
Day 4: The different ways to make money with your blog
Day 5: My advice for making passive income with your blog
Day 6: How to get pageviews
Day 7: Other blogging tips to help you see success
Recommended reading: The 25 Most-Asked Blogging Questions To Get You Started Today
10. Royalties and intellectual property
Intellectual property, such as patents, copyrights, and trademarks, can generate income through licensing fees or royalties. This particular option is good for creative professionals, such as authors, musicians, and inventors, who are looking for income-generating assets.
Royalties are a way to earn income from your creative work or intellectual property. By granting others permission to use or distribute your intellectual property, you can receive ongoing payments known as royalties.
Whether you’re a musician, author, inventor, or artist, royalties offer a passive income stream as your creations continue to generate revenue over time.
Royalties can be paid out periodically or as a lump sum on these passive income assets, depending on your agreement with the licensee.
11. Stock photos
If you have a talent for photography, you can monetize your skills by selling stock photos on platforms such as Shutterstock or Adobe Stock. The more high-quality images you upload, the more potential passive income you can generate.
With stock photography, you simply upload photos that you have taken to a platform such as DepositPhotos, turning your pictures into income-generating assets. Then, you will receive a commission whenever someone buys one of your stock photos.
Stock photos are used for all sorts of reasons by websites, companies, blogs, and more. Businesses need stock photos because they are not usually in the business of taking photos of everything that they need. Instead, they can use stock photos to make their content, website, or business more visually appealing.
Some examples of stock photography include pictures of:
Travel, vacations, landmarks, outdoor adventures
Family members, such as parents, children, family gatherings
Food and drink
Cars, boats, RVs
Businesses, pictures of people in meetings, in an office.
Sports, professional events
Animals, such as household pets or wildlife
The photo possibilities are almost endless for this type of income-generating asset.
Recommended reading: 18 Ways You Can Get Paid To Take Pictures
12. Crowdfunding and peer-to-peer lending
Crowdfunding platforms enable you to invest in real estate deals with a smaller amount of money than buying real estate up front, giving you a passive income through rental income or even a property increasing in value.
Peer-to-peer lending platforms allow you to lend money directly to borrowers. Typically you can earn higher returns than traditional savings accounts, though there’s always the risk of a borrower not paying you back.
Both of these types of assets — crowdfunding and peer-to-peer lending — use technology to connect investors with those looking for funding.
13. Renting out storage space
If you own unused land or unused space in your home, renting it out for storage can be a simple way to generate passive income.
You can offer storage solutions for vehicles or boats. If you have a smaller space, then offer it to store personal belongings. You can rent out your driveway, closet, basement, attic, and more. You can even rent out a shelf.
A website where you can list your storage space is Neighbor. You can earn $100 to $400+ each month on this platform. This depends on the demand in your area and the type of income-generating assets you are renting out. And, you can choose who, what, and when — who to rent to, what things are stored, and when it will happen.
You can learn more at Neighbor Review: Make Money Renting Your Storage Space.
14. Short-term rentals
Short-term rentals can be a lucrative income-generating asset if you own properties in popular tourist destinations or business hubs.
Websites like Airbnb provide a platform to rent out your property to travelers for short periods, potentially generating higher returns than traditional long-term leases.
Furnished Finder is another website for short-term rentals. This is a way to connect with travel nurses in need of short-term housing.
Keep in mind that rental income can be affected by local regulations, potential vacancies, or seasonal fluctuations.
15. Car rentals
Car rental platforms like Turo allow you to rent out your car when you’re not using it. Assets that generate cash flow include your own wheels, and that means no significant initial investment besides the cost of the car you already own.
Be mindful of risks such as wear and tear, insurance, and potential damage caused by renters.
It’s an affordable alternative to traditional rental car companies for customers, and it’s a good way to make money if you’re already working from home and don’t need your car, or are a two-car household.
Turo is one of a few different places to rent out your car, turning your vehicle into one of your income-generating assets. Your car is covered by Turo with up to a $1 million insurance policy. You can also pick the dates for when your car is available and set your rates.
Turo says you can earn an average of $706 per month by listing your car on their site.
16. RV rentals
Similarly to car rentals, RV rentals can provide additional income by renting out your recreational vehicle when you’re not using it. Your RV could easily become one of your income-generating assets.
You may be able to earn $100 to $300 a day, or even more, by renting out your RV on RVShare.
If you have an RV that is just sitting there and not being used, then you may be able to earn an income with it by renting it out to others who are interested in RVing. Cash flow-generating assets like RVs are a win-win for both you and the renter who wants to experience life in a recreational vehicle.
You can learn more at How To Make Extra Money By Renting Out Your RV.
17. Vending machines
With a vending machine business, you can generate income by selling a variety of products, from food to fishing supplies, beauty products to baby items, and more.
You may be able to earn $1,000+ a month by running a vending machine business. That’s enough reason to take a closer look at income-producing assets like this.
You can learn more at How To Start A Vending Machine Business – How I Make $7,000 Monthly.
Questions about income generating assets
Here are common questions that you may have about income-generating assets:
How do I start passive income from nothing?
Starting passive income from nothing requires creativity and resourcefulness. You can begin by identifying skills you possess or interests that can be turned into income-generating opportunities.
What are the assets that generate income?
The assets I talked about above include:
Dividend-paying stocks and stock market investing
High-yield savings accounts and CDs
Real estate
Bonds
Mutual funds
Index funds and exchange-traded funds
Annuities
Websites and online businesses
Royalties and intellectual property
Stock photos
Crowdfunding and peer-to-peer lending
Renting out your storage space
Car rentals
RV rentals
Vending machines
How do I start buying income generating assets?
There are traditional investments or more creative options. Do as much research as you can before deciding which option fits you best.
What are good assets to buy?
After deciding if you want to purchase traditional investments or more creative options, choose an asset that you can afford and best fits your lifestyle.
What are the best assets to buy for beginners?
For beginners seeking income-generating assets, you may want to look into:
Dividend-paying stocks for your investment portfolio
Crowdfunded real estate investing: Platforms like Fundrise allow smaller investments with lower risk exposure.
ETFs and index funds: They provide diversification and passive income through dividends.
What is income generating real estate?
Income-generating real estate refers to properties that produce regular rental income, such as apartments, commercial properties, or short-term vacation rentals.
How do I start passive income in real estate?
There are a few ways that you can earn passive income from real estate, including:
Buying a property, such as an apartment building or duplex, and renting it out to tenants
Using real estate crowdfunding platforms
Investing in REITs
How to make passive income with real estate without owning property?
You don’t need to actually own property in order to make money with real estate. Instead, you can earn passive income from real estate by investing in REITs and using real estate crowdfunding platforms.
This is an option for those who want to be diversified with their income-generating assets but don’t want to spend all of their money or time on a single piece of real estate.
How to make $1,000 a day in passive income?
Making $1,000 a day in passive income with assets that produce income will not be easy. If it were easy, then everyone would be doing it, after all.
Making $1,000 a day in passive income may require a large amount of money up front, diversifying into different assets mentioned above, and lots of patience from you because it will take time to make that kind of money.
You may want to start off by focusing on building multiple income streams and reinvesting your profits as you earn them.
What to think about before investing in income producing assets?
There are many different things to think about when it comes to income-generating assets. You want to find the best assets to invest your money in that will also be the best fit for you.
Remember, as I said at the beginning of this article, not everything will be applicable to everyone. Everyone is different! You may prefer to create a stock photo portfolio and hate real estate, whereas someone else may really enjoy being a real estate investor — or it may even be the other way around.
Here are some of my tips if you are interested in income-generating assets:
Do your research and talk to experts —I recommend researching as much as you can on the asset you are interested in. And, if you still have questions, don’t be afraid to talk to an expert.
Diversify — One of the important parts of building a successful income-generating portfolio is finding ways to be diversified.
Think about the risks —When making money, there’s usually some sort of risk. I recommend evaluating the risks and seeing what you are comfortable with.
What are the best books on income generating assets?
Some highly recommended books on income-generating assets include:
The Simple Path to Wealth by JL Collins
The Millionaire Real Estate Investor by Gary Keller
The Little Book of Common Sense Investing by John C. Bogle
Income Generating Assets — Summary
I hope you enjoyed this article on the best income-generating assets. As you learned, there are many different types of assets that you can invest in so that you can earn an income.
The best income-producing assets, if they’re right for you, can truly change your life.
With these assets, you can build wealth through a reliable passive income, giving you peace of mind and freedom to live life on your own terms.
Are you looking to build income-generating assets? What are your favorite ways?
Want to learn how to invest in self-storage? I have stored boxes of my stuff plenty of times over the years and there’s a good chance that you have as well (or perhaps you know someone who has). Investing in self-storage facilities can be a relatively low-risk asset for people looking to diversify their income…
Want to learn how to invest in self-storage?
I have stored boxes of my stuff plenty of times over the years and there’s a good chance that you have as well (or perhaps you know someone who has).
Investing in self-storage facilities can be a relatively low-risk asset for people looking to diversify their income streams. Or, perhaps you’re looking for a full-time income and are looking for your own business to start!
So, what exactly is investing in self-storage?
It is when you put your money into self-storage facilities and rent out units to renters.
I have personally used self-storage facilities for many reasons over the years for a short-term period, and nearly every single time I think about the profitability of it all and how passive it seems to be a self-storage owner or self-storage investor.
There are usually no customers at the facility (I’ve almost always been the only one there when dropping off or picking up), but every unit is being rented. Seems like an interesting way to make money with not too much work!
Plus, over 9% of households pay for self-storage units, and there is a lot of demand for new facilities.
Quick Summary
Self-storage investing can be a way to make money and run a business with low expenses
There is a lot of demand for storage units, with many businesses having a very long waitlist
If you don’t want to run a business, you can also buy shares in an REIT or even just rent out your garage or basement
What is Self-Storage Investing?
To put it simply, self-storage investing is when you invest in storage facilities.
More and more people need storage units for many different reasons such as moving, downsizing a home, needing a place to store something that a person doesn’t have room for (such as an RV or boat), or even businesses that are storing extra inventory.
For example, someone might need a short-term lease to store their belongings due to being in between homes (like if they are moving but their next home isn’t ready yet). Or a person on a long trip may decide to sell their home, but they need a place to store their important items.
If you decide to invest in self-storage, you have a couple of options. You can start by purchasing and owning a facility yourself or passively invest by buying shares in a self-storage REIT (Real Estate Investment Trust). I will be going over each of the options further below.
Related content:
Is Self-Storage a Good Investment?
Yes, deciding to invest in storage units can be a good idea.
According to Neighbor, the average profit margin on a self-storage unit is around 41%, and they typically have high occupancy levels of around 92%.
One of the main positives of investing in self-storage is being able to earn income with less work (you’re not dealing with customers all day long – people tend to store their stuff and not visit it often).
Self-storage facilities usually have low expenses compared to other types of commercial real estate investments. Also, self-storage is usually recession-resistant as people still need to store their stuff.
Another benefit of investing in self-storage is the flexibility it offers because you don’t need very many employees to run a storage lot. Some lots that I’ve been to don’t even have any employees – instead, you call the owner when you want to get your stuff and they then send someone down. People tend to store their stuff and not touch it for a while.
Related: 18 Passive Income Ideas To Earn $1,000+ Each Month
Types of Self-Storage Facility for Investment
When investing in self-storage facilities, you may not know that there are a few different types.
This section will discuss the different self-storage facilities you can invest in.
1. Climate-Controlled Storage
Climate-controlled storage is something that more and more people want these days because it can protect their belongings from temperature changes and humidity.
After all, many places get very hot weather, and storage units can get quite hot inside. You don’t want your things to melt into each other.
These types of units are good for storing items like electronics, artwork, or documents.
Now, your location is important in deciding if you need climate-controlled self-storage, as areas with extreme temperatures or humidity obviously will need AC more. For example, a storage facility in Florida may be more likely to have air conditioning than a facility in Alaska. And, a facility in Alaska is more likely to have heat than a storage unit in Florida.
2. Mixed-Use Storage
Mixed-use storage facilities combine multiple types of storage units in one location.
For example, these types of facilities may have climate-controlled, drive-up, boat, and RV storage all in one place. Many storage facilities are like this. They cater to different customer needs and tend to have a broader target market due to being able to store so many different types of items.
People tend to like these forms of storage as they can store all of their belongings in one place, instead of having their stuff scattered across town.
3. RV and Vehicle Storage
With so many people owning RVs and extra vehicles, the demand for storage has increased over the years.
Also, many neighborhoods simply do not allow for RVs or extra vehicles to be parked in front of their home (or even in their driveway, backyard, etc.), so a storage lot is needed.
Some storage facilities may even just be massive warehouses where people can store their RVs, valuable cars, and boats inside.
We have stored an RV in a place like this many times. We have found the typical rent to be around $5 to $10 per foot for our RV in an indoor parking lot, so you can see how quickly storage revenue can add up! Some businesses even have private RV units, and those fetch a much higher rate, such as $400-$600+ per month.
4. Boat Storage
Boat storage facilities specialize in safe storage for boat owners during the off-season or when not in use. These types of facilities typically have long waitlists too.
Boat storage businesses sometimes have both indoor and outdoor options (or they may focus on one or the other), as well as extra services like boat maintenance, hauling, launching, and more.
Coastal regions or areas with nearby water access (such as Florida) are usually good locations for investing in boat storage facilities as there are more boats, of course.
We have used boat storage facilities many times over the years to store our own boat. The amount you can make per boat can be anywhere from a couple hundred to a couple thousand dollars each month, depending on the location and the type of boat (catamaran vs. small fishing boat, for example) you can store. We have paid anywhere from around $1,200 to over $2,000 a month in the past for boat storage.
5. Drive-Up and Outdoor Storage
This is the type of storage that pretty much everyone has seen, as they are very common.
With this type, customers can drive directly to their storage unit, making loading and unloading much easier. These types of facilities are usually single-story buildings. Many times they do not have AC or heat.
Drive-up and outdoor storage facilities give renters an easily accessible storage solution.
How to Invest in Self-Storage
If you want to invest in self-storage, there are a few different ways to do so.
1. Buy an Existing Self-Storage Facility
One of the easiest ways to enter the self-storage market is by purchasing an existing business, such as those for sale by mom-and-pop operations.
This can save you time as everything is in place and you already have customers with rented units. Yes, you can improve some of their processes, but a lot of the hard work is already done for you.
But, purchasing a facility can be expensive upfront, though, because you will be buying a business with land, a building, and an existing customer base.
Just as an FYI – As you’re looking for storage facilities that are for sale, you may come across different classes. Class A facilities usually are higher-quality climate-controlled storage units, whereas Class B and Class C facilities may be lower-quality.
Buying an existing storage lot can possibly make you more money than investing in REITs (discussed further below), but it also means more hands-on management and responsibility because you will be actively running a business and managing employees.
2. Build a New Self-Storage Facility
There are around 2 billion square feet of storage space in the U.S. alone, but there is a high demand for more. Many self-storage facilities have long waitlists even!
I have called many storage lots only to find out that they had waitlists that were years long. I have even several times called every single lot within a few state radius, and found that every single one had a waitlist.
Yes, the storage business is really in that much demand!
As a self-storage investor, you can take advantage of this high demand and build your own storage facility.
To create a self-storage facility from the ground up, you will need to do the following:
Find land to buy – Once you know that an area needs a storage facility, you will need to find land to buy to build on. You will also want to make sure that it is easy to drive to (for example, if you are building an RV storage lot, you don’t want low bridges as the only way to get to your lot because no one will be able to get there then).
Build – After you buy the land, you will need to think about what you want your facility to look like, then hire a construction company to build your plan.
Open up for business– Once the facility is built, you will need to market it and get customers. You will also want to set up the systems to manage daily operations effectively and as passively as possible.
Self-storage is in demand, so building a new storage business can be a way to get started and make money.
3. Buy Shares in a Real Estate Investment Trust (REIT) That Focuses on Self-Storage
If you want to invest in self-storage without actually owning and managing a business, one way is to invest in an REIT.
REITs are a type of investment that allows you to buy shares in a company that owns self-storage facilities. Think of it like shares of stock in a company that you can buy.
With REITs, you can invest in a portfolio of self-storage properties without physically owning or managing the facilities yourself.
This is more passive because you don’t need to hire employees or do maintenance checks.
4. Rent Your Space on Neighbor.com
If you have extra space in your own home such as a garage, closet, driveway, or spare room, you can rent it out as storage space through a platform like Neighbor.
With this site, you can earn $100 to $400+ each month (the rate you can get depends on demand in your area and the type of storage you are renting out).
Here’s how Neighbor works:
Sign up for a free account – Create an account on Neighbor by clicking here.
Describe your space – Write a detailed description of your space, including the dimensions, location, and any features (such as air conditioning or heat). Add pictures of the space as well so that potential renters can see what you are renting out.
Set your price – Choose how much you want to charge for renting your space.
Manage rentals – Connect with interested renters, agree on terms, and manage ongoing rental contracts, all through the Neighbor platform.
You can learn more at Neighbor Review: Make Money Renting Your Storage Space.
Advice for managing a self-storage facility
If you decide to run your own storage facility, then here are my tips for new self-storage operators.
Making money from self-storage
To make money from your self-storage facility, you need to think about what your customers want. So, you may sell amenities to your renters, such as vehicle washing, starting up their vehicle or checking on it, electrical plugins to charge vehicles or RVs, and so on.
You’ll also want to think about how much money it will cost you to actually run the business. Will you need to hire workers? How much will maintenance cost you so that you can keep the facility in good condition?
Security in self-storage facilities
Security is very important for customers when choosing a self-storage facility. Customers care about their stuff and they don’t want anything happening to it, such as it being stolen.
So, you will want to make sure that your facility has a lot of light (especially at night time), security cameras aimed at different angles, and gates with codes. This helps your customers feel safer about leaving their stuff at your storage facility, and also helps to protect your business from liability issues and bad reviews (for example, if a person has their stuff stolen from your facility, they are likely to leave a bad review and this can cause others to not use your storage units as well).
Frequently Asked Questions About How To Invest In Self-Storage
Here are answers to common questions about investing in self-storage.
How can I find a self-storage business for sale?
To find a self-storage business for sale, you can start by searching on websites like LoopNet and BizBuySell. I took a quick look at both of these sites and found many for sale quite easily from anywhere in the hundreds of thousands to in the millions of dollars price range.
What are the best self-storage stocks to invest in?
The best self-storage stocks for you to invest in will depend on your own money goals and the amount of risk you want to take on. Unfortunately, I cannot tell you which is the best self-storage stock, as I am not your financial advisor and I do not know your specific situation. But, I can tell you which ones are popular.
Some of the most popular and best self-storage stocks include Public Storage (PSA), Extra Space Storage (EXR), and CubeSmart (CUBE).
Which self-storage REITs have the best returns?
Real estate investment trusts (REITs) are a popular way to passively invest in self-storage facilities. Several well-known self-storage REITs include Life Storage (LSI), National Storage Affiliates (NSA), and Simply Self Storage (SSS).
Keep in mind that past performance and dividends do not mean that the same will be true in the future, so it’s important to do your own research.
What risks are there with investing in self-storage?
Like with all businesses, there are risks when it comes to self-storage. Some risks include competition, changes in demand, and possible natural disasters that could hurt the facility (such as a severe storm or a flood).
Also, managing a self-storage facility will, of course, require at least some time from you and may even require employees, so you should also think about operational costs and business management.
How profitable can a self-storage business be?
The amount of money that a self-storage business can make depends on many things such as location, demand, and operating costs.
Can owning a self-storage unit generate passive income?
Having a self-storage facility can earn you passive income through rental fees. But, managing a self-storage facility also requires that someone works at the business, to check people in, show units, and check on the property. You could hire employees so that it is more passive for yourself.
You can also earn passive income by investing in self-storage REITs or stocks instead of owning and running a storage facility.
Does self-storage do well in a recession?
Self-storage in the past has performed relatively well during recessions, as people often downsize their homes or need temporary storage. Of course, though, the past doesn’t mean that it will always do well. So, it is always best to do your research and prepare as best as you can.
What is the future outlook for self-storage?
The future for self-storage looks to be positive, as there is a lot of demand for storage units and I’m still constantly seeing waitlists everywhere. In fact, whenever I need to store something even for just a few months, I’m always being told that I need to call a year in advance for a spot.
Many storage facilities have a high occupancy rate, long waitlists, and cannot keep up with demand.
How To Invest In Self-Storage – Summary
I hope you enjoyed today’s article on how to invest in self-storage.
If you are looking to add a new asset class to invest in, becoming a self-storage investor can be an interesting way to bring in a stable cash flow and make more money.
Self-storage is in high demand too, with many businesses currently having a long waitlist.
Factors such as location, demand, the quality of facilities (Class A, Class B, and Class C), and the type of storage lot all can change the success of a self-storage investment.
Are you interested in learning how to invest in self-storage?
Going through a job interview and hearing nothing from the company afterward can fill you with doubt and confusion.
But in most cases, the holdup has nothing to do with your candidacy. Your best bet is to wait for an appropriate amount of time to pass — more on that in a moment — and send a follow-up email to the interviewer or recruiter.
When to follow up after no response
In an ideal world, candidates would hear from the company within a week or so of an interview, says Ayanna E. Jackson, a career coach based in Washington, D.C.
That timeline can vary, though, depending on who you ask. Kyle Elliott, a career coach based in the San Francisco Bay Area, says candidates can expect to wait up to two weeks to hear from a company after an interview.
So, if it’s been at least a week since you’ve interviewed with a company, and you haven’t heard from them, send a follow-up email. (Note: This is separate from a thank-you email that you should send within one day of every interview.)
How to write a follow-up email after no response
If you’re emailing a recruiter, specifically mention which position you interviewed for, who interviewed you and the date the interview took place.
Recruiters are “often juggling 20, 30, 40 open roles,” Elliott says. “By following up, you’re simply helping them do their job.”
Even if you’re emailing the interviewer themself, mention what position you interviewed for, because that person could be conducting interviews for multiple roles.
Once you remind the recruiter or interviewer who you are, ask if there are any updates on the interviewing process. You can also ask when the company expects to have an update for you.
Keep the email friendly and succinct. Remember: You’re trying to reach somebody who’s busy, so make your email easy to read and answer.
Here’s what a follow-up email may look like:
Hi [Name],
It was great getting to speak with [Name] about the [role] on [date]. Do you have any updates regarding the interview process? I’m extremely interested in the role and would love the opportunity to further discuss my qualifications.
If there aren’t any updates on the interview process right now, when should I expect to hear from you?
Thank you,
[Your Name]
And don’t be afraid to pick up the phone. If your interviewer or recruiter includes their phone number in their signature, give them a call. It’s not overly pushy, experts say.
“Sometimes, you gotta do what other candidates won’t do,” Jackson says.
If your initial follow-up email or phone call goes unanswered, wait between three and four days before reaching out again, Jackson says. But after three unanswered emails, you may want to move onto other job opportunities.
Why you may not be getting a response after an interview
Companies rarely ghost candidates on purpose. In most cases, they don’t get back to candidates in a timely manner because of the same day-to-day minor disorganizations that affect all businesses, says Jackson, who spent 20 years working in human resources at companies like NPR, Starbucks and General Electric.
“Candidates think the recruiting process is all buttoned-up and timed and organized — and it’s not,” Jackson says.
Jackson has first-hand experience with the circumstances that keep companies from prompt communication: employees being out sick, on vacation or inundated with other deadlines; and managers juggling multiple interviews. Many businesses also experience seasonal slowdowns during summer and winter holidays, or become preoccupied with annual planning at the end of the fiscal year, around August or September.
“I’ve seen that pretty consistently at just about every organization I’ve worked at,” Jackson says.
So try not to read too much into the delay. “Very rarely is it personal that people are ghosting,” Elliott says. “It’s usually some other factor that has nothing to do with you as a job seeker or as a person.”
With interest rates rising over the last year, it has made it tougher and tougher for real estate investors and owner-occupied home buyers. People need places to live whether they are rentals or personal houses and higher rates make those properties much more expensive unless someone is paying cash. While higher rates make it tougher to buy real estate that doesn’t mean you shouldn’t be buying. It is extremely hard to time markets and usually, the best time to buy is when the time is right for you. A lot of people predicted a real estate crash which has not happened and I don’t expect one to either. There simply are not enough houses and high rates are making that problem worse not better.
Have high rates caused property values to decline?
There are some potential benefits to investing in real estate during a time of high-interest rates. For example, lower demand could lead to lower prices for certain properties, which could make them more affordable for investors. Additionally, rising interest rates usually indicate higher inflation which could mean rents rise faster than in a normal market. There is, however, no guarantee that either of these things happen.
We have seen prices drop in some markets like Austin but overall prices are higher now than ever before. High rates do not cause prices to drop significantly because while they lower the demand for real estate, they also lower the supply. People do not want to lose their low rate and builders slow down construction. I have personally seen lower prices on multifamily properties which is most likely caused by higher rates. There could be a few more deals available in that sector.
High rates will most likely make real estate more expensive in the long term because it decreases building. The fewer building there is, the less inventory there is, and eventually, that will catch up to us with higher prices. I would not bet on prices to decrease in the future, especially long term.
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Should you invest when interest rates are high or wait?
I think there are many more important things to consider when investing in real estate than how high rates are. Yes, they are important but not the most important thing. After all, investors have been investing in high-rate environments for decades and making money prior to 2000.
Here are some things to consider when deciding whether to invest in real estate when interest rates are high:
Does the property make money? Just because rates are higher, doesn’t mean that properties can’t make money. There could be markets or deals where a property cash flows even with higher rates.
What kind of investment are you looking for? If you are doing a live-in flip or house hack it still might make sense to buy now since you have to pay for a place to live in whether you rent or buy.
Can you get a great deal? I get great deals on every property I buy and I would miss out on many deals if I stopped investing because rates are high. Often a great deal will make you much more money than the increased lending costs high rates cause.
Do you have the cash to wait out high rates? You might be able to get great deals that don’t cash flow now, but will in the future when rents increase or rates drop. If you are financially able to handle an asset that doesn’t make much money or even loses money for a year or two it still might be worth it to buy now.
Are you flipping or holding? If you are flipping houses the high rates may not impact you as much as landlords holding property. There is still enough demand to sell houses and flippers can continue to buy and sell.
Will rates go down allowing a refinance?
I believe that eventually, rates will decrease which could allow investors to refinance their loans and reduce their rates significantly. This could turn a money loser into a money maker or turn a single into a home run. I would not bet everything you have on rates going down but it is likely at some point. The big question is when will they go down and how much will they decrease?
No one knows the answer to either of those questions but inflation has been decreasing and the Federal Reserve should stop raising rates soon. If rates stay high it will most likely push real estate prices even higher but if they lower rates quickly it could lead to a buyer frenzy and big increases in prices. There are not too many scenarios where I see prices dropping in the long term.
Conclusion
If you can get good deals that cash flow there is no reason not to be investing in real estate right now. If you can find good deals or cannot find properties that make money then it may not make sense to invest in this market. But remember, the market may not be getting investor-friendly any time soon. If you are buying as an owner occupant, it usually makes sens to buy whenever the time is right for you and not the when the market is perfect.
Last year, amid a drum-tight rental market, Sydney Wright pondered leaving California.
With her $72,000 salary, the 30-something from La Crescenta said the only one-bedroom apartments she could find were either too pricey, too run-down or in neighborhoods she felt were unsafe.
Then Wright had a change of fortune. She moved into the Hudson, a luxury apartment complex in downtown Pasadena that has a swimming pool, two gyms and in-unit washers and dryers. Wright got a relative deal and signed a lease for just above $2,300, almost $200 less than what similar units there averaged a year before even though rents in Pasadena had soared.
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But it may be too good to be true.
The discount was the result of a unique program catering to middle-income earners in a state trying to chip away — project by project, program by program — at its housing crisis.And the legal knot it is tied in reflectsthe difficulties in taking even small steps forward.
In this program, government agencies known as joint powers authorities, or JPAs, partner with private companies to purchase apartment buildings and lower the rent. The agencies say this works because, as the government, they don’t need to pay property tax, allowing them to pass along that savings to tenants.
But, under an obscure tax rule, thousands of tenants like Wright may need to cough up some of the lost revenue and pay individual tax bills upwards of $1,000 a year.
Tenants said leasing agents never disclosed such a possibility prior to moving in, and backers of the program say they didn’t anticipate it either.
“It just seems kind of ridiculous to me that you would have this crisis going on and then turn around and punish the people you are supposedly trying to help,” Wright, 32, said.
John Drachman, co-founder of Waterford Property Co., which runs the Hudson and 14 other properties on behalf of a JPA, put it more succinctly: “It’s just insane.”
The fact tenants may need to pay extra for living in subsidized housing centers on an arcane concept in tax law known as possessory interest.
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Though government owned property usually is exempt from property taxes, if the government leases part of its property to a private entity, then that entity can have a “possessory” interest that must be taxed.
Examples include a rental car company at the airport, or a restaurant in a public park.
Joint powers authorities first started buying apartment complexes for middle-income housing in 2019, and one acquired the Hudson in 2021.
Attorney John Bakker represents three JPAs with such projects.
He said the agencies didn’t anticipate tenants would face possessory taxes because at the time they relied on existing guidance from a state board that he argued should be interpreted as exempting any person receiving rent breaks at the projects.
Last year, several assessors were less sure and specifically asked the state board if such projects created a taxable “possessory interest.”
In October 2022, they received a response from the California State Board of Equalization, which promotes uniformity in property tax law.
In a letter, the board said residents at JPA properties do have a taxable possessory interest, but assessors should refrain from taxing it only if tenants are low-income, as defined by California law.
The board characterized its guidance as “longstanding,” which Bakker disputes.
The ultimate decision on the taxes lies with county assessors, but evidenced by their original request, assessors turn to the board for guidance and there’s no argument that the recent opinion does not offer an exemption for most residents at JPA projects.
Typically, one third of units at the projects are reserved for people making the legal definition of low-income: 80% or below area median income. The remaining two-thirds are usually set aside for households making between 81% and 120% area median income — individualswho can still struggle to find a nice home in some of the country’s most expensive markets.
Two county assessors with projects in their jurisdictions, Los Angeles and Alameda, said they don’t want to tax middle-income residents and are investigating the issue further after receiving the board’s guidance. But if the state Legislature doesn’t step in, they caution, they may ultimately decide the law requires them to tax tenants.
Los Angeles County Assessor Jeff Prang estimated annual taxes for individual tenants could range from $500 to $1,500. Initial bills may be higher since tenants would be charged for each year they’ve lived there.
If taxes go unpaid, residents would face a lien that could make it more difficult to qualify for mortgages and other loans.
For Wright, the prospect of paying an extra $1,500 a year, the equivalent of $125 extra a month, presents yet another obstacle.
Despite the rent discount at the Hudson, she said she lives paycheck to paycheck and will soon have an added expense when student loan payments resume, one Wright estimates will be more than $300 a month.
“I don’t even know how I would make it all work,” she said. “Honestly, the thought of that makes me want to cry.”
JPA projects rely on a complex framework, but in general, backers say they work like this.
Joint powers authorities issue bonds to purchase a building and, with the property off the tax rolls, they use that money to reduce rent. After 15 years, the local city, which must approve the initial JPA purchase, can direct a sale of the property or take out a loan on the building to recoup lost tax revenue.
To run the deals, JPAs partner with private real estate firms that set up the bond financing and manage the projects.
The deals are not without controversy, and some cities and affordable housing consultants see the programs as risky and not worth it. In particular, the JPAs and the private real estate managers, known as project administrators, have faced criticismthat their fees are excessive and thus limit the rent reductions a project can offer.
At least two county assessors, those in Orange and San Diego counties, have taken the positionthat project administrators, not tenants, should pay possessory interest taxes.
“These guys are making money and … they don’t want to pay any taxes, but you got to pay your taxes,” said Orange County Tax Assessor Claude Parrish, arguing project administrators control the buildings and thus have a possessory interest.
One project administrator, Waterford Property Co., received possessory tax bills for multiple projects it runs in Orange and San Diego counties. The company is appealing, arguing it doesn’t meet the qualifications to have a possessory interest.
If the taxes ultimately go through, the middle-income projects would cease to exist, according to Waterford’s Drachman.
Despite concern over its fees, which Waterford disputes as being excessive, the annual possessory taxes are more than what the company makes each year to run the buildings, Drachman said.
One example, he said, is the Parallel apartments in Anaheim, where Waterford faces a $1.2-million annual tax bill and earns roughly $700,000 a year.
Rather than lose money, Drachman said, the company would walk away from the projects and since no one would likely run the properties at a loss, they would be sold to real estate firms that would charge market rent and erase all savings.
If instead tenants get the bill, Waterford said no future deals could be done. That’s in part because investors who buy the bonds that fund the deals do so because they think rental discounts will keep occupancy high — and their income assured.
“The group they are going to hurt the most by their actions is the renters,” Drachman said of assessors. “Ultimately whether they go send them a possessory interest bill or whether they come after us and are successful.”
Prang said he doesn’t want to be an “obstacle” to creative solutions but has to follow the law, and criticized the JPAs for not consulting assessors before.
Prang said he is waiting on an opinion from county counsel about whether taxing project administrators is an option, but warned the County Board of Supervisors in March that he may have to tax middle-income tenants.
“We are trying to find a solution” to not do that, Prang said in an interview. “But one of the things slowing that down is having a firm legislative proposal and a legislator that is willing to run with it.”
The California Assessors’ Assn. recently agreed to ask state legislators to clarify that project administrators — not tenants — have a possessory interest, according to the group’s president, Kristine Lee.
So far Sacramento’s efforts to exempt middle-income tenants have stalled. Two bills aimed at doing so, Assembly Bill 1553 and Senate Bill 320, are dead for the year after failing to meet legislative deadlines.
Alternatively, a third bill that specifically leaves middle-income tenants open to possessory taxation passed its first house unanimously.
The bill, Senate Bill 734, codifies existing Board of Equalization guidance by exempting only low-income tenants.
According to a bill analysis, author Sen. Susan Rubio (D-Baldwin Park) said the bill is necessary because despite the tax board’s guidance, “existing law is ambiguous” as to whether low-income tenants actually are exempt.
The bill, which must pass the Assembly by mid-September, is supported by the Board of Equalization and opposed by some cities that have middle-income housing projects.
In a letter to Rubio, Pasadena Mayor Victor Gordo said the city has nearly 1,100 units in its JPA housing projects and rent has been reduced by an average of 20%.
“If SB 734 passes as drafted, 60% of the tenants in these units are eligible to receive possessory interest tax bills, which we do not believe is in the best interest of housing policy in California,” Gordo wrote.
Overall, Bakker said JPAs own about 14,000 units across California, with around 9,000 currently home to middle-income families or reserved for such households in the future.
Rubio’s office declined to answer several specific questions about the bill, including why it does not exempt middle-income tenants. In a statement provided by her spokeswoman, the senator said she is trying to “keep families housed” and is working closely with the Board of Equalization on the measure.
BOE Chairman Antonio Vazquez said he doesn’t support extending an exemption to middle-income individuals, at least for now.
“I think we have to be careful, because that would create a huge hit financially for cities and counties who depend on the revenue [from property tax],” he said.
Waterford executives dispute that taxing individual tenants would recoup a sizable amount of revenue, but Vazquez’s concern echoes long-running criticism of the JPA housing model, specifically that rent reductions are too modest to justify the loss in property tax.
For example, the JPAs have frequently purchased newer, luxury apartment buildings and, though they’ve lowered rent, there’s often cheaper, older housing nearby.
Wright now pays just over $2,400 in rent at the Hudson after receiving the allowable annual increase in the program.
That’s far less than the roughly $2,800 to $3,000-plus that similar, nearby buildings typically charge. But on a recent day, there were 53 older one-bedroom apartments in Pasadena listed for rent on Zillow that were at least $200 cheaper than what Wright pays.
If Wright gets hit with possessory taxes, she doesn’t see those older units as a simple solution.
For one, she said, she doesn’t have enough money to cover upfront moving costs.
She also chose the Hudson for a reason.
The program is supposed to keep rent in line with her income. And when the tax preparer works late into the night during tax season, she doesn’t need to hunt for street parking when she comes home. She can pull into her own secure spot and do the next day’s laundry in the comfort of her apartment.
Older units she saw seemed like temporary landing pads with broken sinks, worn carpets and shoddy paint jobs, but the Hudson feels more permanent.
“I deserve to have a place to call home and not constantly be in flux,” Wright said. “This felt like somewhere I could see myself living.”
Want to learn how to sell DVDs online and near you? Here’s how you can make extra money selling used DVDs.
Do you have a stack of DVDs taking up space in your home? If so, you can sell DVDs online as a way to declutter and put some extra cash in your pocket.
While you may no longer need or want the DVD, there are people still buying DVDs out there.
This guide on how to sell used DVDs includes tips on:
The best places to sell DVDs online
How to get started selling DVDs online
How to make the most money selling DVDs
How much you can earn selling used DVDs online
Here’s a step-by-step guide to help you get started and teach you how to sell used DVDs online.
Related content on ways to make extra money from home:
Best places to sell DVDs online
There are many online platforms and vendors where you can sell DVDs. Before choosing a platform, make sure to find out what fees and payment methods (for example, some may only pay via trade-in credit, whereas others may pay cash) each website provides, as well as what the customer reviews say.
Here are the most popular options for selling DVDs online.
1. eBay
eBay is one of the largest online marketplaces and lets you list both new and used DVDs. You can set your own prices and choose between auction-style listings or fixed-price listings. eBay is user-friendly and the site is easy to navigate and create listings.
My sister has sold on eBay plenty of times, and it is easy.
It’s important to accumulate positive feedback as you complete transactions because it will improve your ratings, which increases your visibility on the website.
2. Amazon
Selling new DVDs on Amazon can be a great way to get started.
Amazon has a massive reach and customer trust. Everyone knows what Amazon is!
Sellers can list DVDs as individual items or in bulk. You can choose between an individual seller account or a professional seller account.
For individual sellers, this account is best for people who are not selling regularly. You pay per-item fees for every sale. A professional seller account is different. You pay a monthly subscription fee to have this account and it’s designed for people who are selling regularly on Amazon. With this account, you can list an unlimited number of products.
With Amazon, you can choose between Fulfillment by Amazon (FBA) or Fulfillment by Merchant (FBM). Fulfillment by Amazon (FBA) means Amazon will store, pack, and ship your products to customers. Fulfillment by Merchant (FBM) means you have to handle the fulfillment process yourself and ship products to customers.
There is also the Amazon Trade-In program that you may want to try too.
3. Decluttr
Decluttr is a platform that buys and sells items, including new and used DVDs. The website and mobile app are incredibly easy to use.
All you have to do is scan the barcode of your DVDs and you’ll get instant price quotes. Decluttr stands out from the other platforms on this list because the app provides a quick valuation process. This makes it quick and easy to get an idea of how much you can earn for your DVDs.
Decluttr even provides you with a free shipping label, so all you have to do is pack the items in a box and ship them to Delcuttr. Decluttr covers shipping costs making the process easy for sellers.
Keep in mind that you are likely to receive lower profits since Decluttr is doing a lot of the work for you. You will likely earn more money if you decide to sell directly to consumers on a different platform. But, you’ll also have to do more work on other platforms.
4. Bonavendi
Bonavendi is a website that lets you compare different platforms for your used items like DVDs. Bonavendi works as a price comparison tool so you can see which site will pay you the most for your item.
To find out how much you can receive for a DVD, all you do is enter the barcode of the item you’re selling. A list pops up with each platform and how much each site offers for the DVD.
This saves you a ton of time and helps you make more profit since you’ll know which platform is best for selling your DVDs.
5. Facebook Marketplace
Facebook Marketplace is an easy way to list DVDs to sell to local buyers in your town or neighborhood. If you already have a Facebook profile (which most people do), you can start creating listings immediately on Facebook Marketplace and in local buy and sell groups. Simply provide accurate information on your listing and maintain good communication on the platform.
Make sure to choose a public and safe location for the exchange, like a police station parking lot. You may even consider bringing a friend along or letting someone know where you are meeting this person. This is important when using Facebook Marketplace because you are personally meeting up with a stranger from the internet and exchanging money.
Facebook Marketplace is a great option for people who do not want to deal with the hassle of shipping and want to sell an item as quickly as possible.
6. Etsy
If you have collectible DVDs, Etsy is a great place for selling your items to a niche audience. Etsy is known for selling items that are handmade, vintage, or unique. Keep this in mind when you consider selling DVDs on this platform. You probably can’t just sell a DVD without it being unique in some way (although, I did check Etsy and I did see just normal DVDs listed on the site).
DVDs that are a good fit for Etsy should have a unique or collectible aspect. This could be a DVD with special packaging, limited editions, or signed copies by a director or actor.
7. Craigslist
Craigslist is similar to Facebook Marketplace as it allows you to sell to local buyers. It’s quick and easy to list DVDs on Craigslist. It’s also important to have good communication and be responsive to emails about your items. People generally like to hear back quickly (the same day if possible).
Once you’ve connected with a buyer, determine where you will meet and what time. Make sure to choose a safe location like a police station or public space. You may even want to bring a friend or let someone know where you are meeting the person.
One idea for Craigslist is to simply list all of your DVDs in a single listing, which can make it easier instead of making separate listings for each DVD that you have.
8. SellDVDsOnline.com
Sell DVDs Online is a platform that allows you to sell DVDs directly to SellDVDsOnline.com. The process is easy.
To get started, all you have to do is enter the DVD’s UPC code, which is usually on the back of the DVD by the barcode. You’ll receive an instant price quote. Sell DVDs Online offers free shipping and you never come in contact with customers.
9. EagleSaver
Eagle Saver is a website that lets you sell books, CDs, DVDs, and games for cash. Eagle Saver has a free app so that you can scan your DVDs and value your items faster.
Benefits of selling DVDs on EagleSaver.com include getting paid quickly, risk-free quote guarantee, no fees, and free shipping. With EagleSaver.com, all orders qualify for a free FedEx shipping label, tracking number, and $100 of packing insurance.
10. Yard sale
Though yard sales aren’t online, they are a quick way to get rid of your DVDs and blu-ray movies. You can gather all of your DVDs into one place so buyers can browse through them quickly. Price them competitively at $1 for standard DVDs or $2 for special editions.
Then, organize your DVDs neatly so buyers can go through them without any problem. You may even want to consider offering bundle deals, like “Buy 5 DVDs for $3”. This can encourage garage sale buyers to buy more DVDs.
To sell more DVDs, you could even have a DVD player and TV set up so you can demonstrate that the DVDs are in working condition. This is going to help the buyer feel confident and make their purchase.
Make sure to promote your yard sale through local community groups, local yard sale apps, social media, and by placing signs around your neighborhood.
11. FYE
FYE is an entertainment retailer that sells new and used music, DVDs, video games, and more.
While their online store is not currently accepting used items, most of their store locations currently are. You can use their store locator to find a store near you. This can be an easy way to sell your items in person by simply bringing a big stack with you.
How to get started selling DVDs online
Now, we’ll talk about how to get started selling DVDs online, so you can start making money from selling DVDs ASAP.
1. Gather your DVDs together
Grab all of your DVDs and sort them into one area. Go through each DVD and make sure they are in good condition with intact cases and minimal scratches. Open up the case, of course, and make sure there is a DVD in there (sometimes they disappear over the years).
2. Research what is selling
Do research and find out which DVDs are in demand and what they are selling for. Some of the sites above will give you an idea of how much you can get for a used DVD.
3. Pick a platform to sell DVDs
One of the most important steps on this list is choosing a selling platform. For example, Bonavendi is a great tool for comparing different platforms and getting the best price on a DVD. Facebook Marketplace or a garage sale may mean selling an item very quickly, though, and in person.
4. Create DVD listings and set pricing
If you plan on selling the DVD yourself, you will need to create a listing for each DVD. Make sure the listing is accurate, detailed, and has clear photos of the DVD, case, and any special features.
Next, you will set a competitive price based on the research you do. Keep in mind the DVD’s condition, rarity, if it’s a set, and market demand when pricing the DVD.
5. Payment methods
Once you know which platform you’re going to use to sell DVDs, make sure there is a secure payment method for the platform. If you’re selling DVDs on Facebook Marketplace or Craigslist, expect to receive payment as cash or through a platform like Venmo.
Personally, I would not accept a check for a small payment such as a DVD from a person I met on Facebook Marketplace or Craigslist for example, as though are common scams.
6. Customer service
When selling used DVDs online, try to keep your reviews and ratings high on platforms by responding to questions and solving any problems (reading your reviews can also help you to improve your process). Remember, positive reviews are important for selling a lot of DVDs online so that future buyers can trust that your DVDs work. For example, if you have a lot of reviews that mention that the DVDs do not work, this may prevent other people from buying from you.
7. Shipping and packaging
Figure out how you want to ship, which carrier you want to ship with, and if you want to ship at all. You may prefer skipping shipping altogether and meeting customers in person to sell DVDs.
If you do decide to ship your DVDs, they need to arrive in good condition. Make sure to use proper packaging materials and be transparent about delivery times and shipping costs in your listing.
8. Keeping track of inventory
Whenever a DVD sells, take down the listing immediately if it isn’t done automatically. This is going to help you avoid any issues with other customers trying to buy the same item and save you time and headaches.
Best tips for selling DVDs online
Here is a list of the best tips for selling DVDs online.
Optimize your DVD listings by using high-quality images of your DVDs and writing clear and detailed descriptions
See what similar DVDs are selling for and set competitive pricing
Bundle similar titles and offer a deal to encourage buyers to buy more items at once
Be honest about the condition of the DVDs and disclose any scratches or missing items (like original cases or inserts)
Mention special edition DVDs and other collector’s items you have (if you have one of these)
Use multiple platforms to reach a broader audience
Provide tracking information to buyers
How much can you make selling DVDs online?
What you can earn from selling DVDs online depends on a few different factors, such as the condition of the DVDs, the rarity of the DVD, demand, which platform you use, and what’s trending in the DVD market.
Here are a few things that may impact how much money you can make from each DVD:
Condition – If your DVD is brand new, unopened, and wrapped in plastic still, the DVD may be able to be priced higher. However, if your DVD has scratches or dented cases, those things can impact pricing.
Market demand – If you have a DVD that is rare, a special edition, or a collector’s item, this DVD will sell for a higher price due to the rarity and increased demand for the item.
Platform – The platform you choose has a big impact on your profits. Some platforms have fees, some don’t, and others have more dedicated DVD collectors, while others don’t.
FAQs about selling used DVDs
Here are answers to common questions about selling used DVDs online and locally.
Are used DVDs worth anything?
Yes! You can actually make money selling used DVDs and blu-rays. If you have a DVD collection, you may want to think about going through it and seeing what movies you can sell. After all, with Netflix and Hulu being around, there’s a good chance that you haven’t touched your DVD collection in a long time.
How do I know if my DVD is valuable?
You can check some of the different websites that sell DVDs to see what they are selling for.
Where is the best place to sell DVDs? Where can I sell DVDs?
Some of the best places to sell DVDs online and locally include eBay, Amazon, Decluttr, Bonavendi, Facebook Marketplace, Etsy, Craigslist, SellDVDsOnline.com, Eagle Saver, and having a yard sale. A used bookstore may buy used DVDs as well. Some of the easiest online sites will work right from an ios or Android device too, meaning you can sell DVDs from your phone!
How much can you sell a used DVD for?
The amount you can sell a used DVD varies, but generally, you can earn about $0.50 to $20. It depends on what you are selling (for example, box sets or TV series usually will earn you more money).
You will want to think about costs for the different selling sites, as things like shipping fees can add up quickly.
You may receive money through PayPal, direct deposit, paper check, trade-in credit (yes, you may be able to trade in movies), store credit, or even cash by selling your old DVDs.
Is Decluttr a trusted site?
Yes, Decluttr is a trusted site to sell used DVDs online. You can even sell your used video games, textbooks, video game consoles, tablets, or old cell phones on this site too.
How much do pawn shops pay for DVDs?
Pawn shops usually pay around $0.50 to $5.00 for used DVDs.
Sell DVDs online – Summary
Now you can get started selling DVDs online and making extra money with this side hustle. Selling your used DVDs online has so many benefits, including decluttering, freeing up shelf space, and making extra cash for vacations or paying off debt.
If you’re no longer using your DVDs, put them to good use by selling them to people who want to buy them and use that money to reach your financial goals.
Have you ever sold DVDs online? What was your experience like?
Inside: Dreaming of ways to make money fast as a woman? Stop dreaming and take action. These are genius ways of making money online and at home.
Making money fast is crucial for maintaining a comfortable lifestyle, especially in the face of rising living costs. It can be the key to financial stability, providing additional funds to support and enjoy your lifestyle.
As a woman, you need to know how to make money fast.
This isn’t just about getting rich quickly. It’s about women gaining the freedom to live independently without financial constraints.
The feeling of financial security lessens stress; not having to worry over unexpected expenses plays a big role in your overall well-being.
This is what you want to do – make money fast!
Good news! You are in the right spot and I’ll show you my favorite ways to make money online.
Get into the right mindset, ladies! Making money fast isn’t just possible, but also liberating.
How can I make easy money ASAP?
Making easy money quickly can be achieved in various ways that utilize your skills and knowledge.
First and foremost, consider your own skills and expertise, and determine whether they could apply to jobs like cake baking, childcare, bookkeeping, house cleaning, or freelance writing.
This will tell you the easiest way for you to make money quickly. For me, I prefer to trade options in the stock market. Whereas someone else may choose babysitting or dog walking.
You need to find how to make money fast and we will help you with that decision.
Why Making Money Fast is Important
1. Makes it possible to live comfortably 2. Enables you to afford the best quality of life 3. Gives you the freedom to pursue your dreams 4. Gives you the freedom to live without financial constraints 5. Provides you with security and safety 6. Freedom to give back to your community 7. Freedom to choose how you spend your time 8. Opportunity to take risks and start a business 9. Provides you with a sense of power and control 10. Live without financial worry
This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.
Are you passionate about words and reading?
If so, proofreading could be a perfect fit for you, just like it’s been for countless of readers! Learn how you can create a freelance business as a proofreader.
Check out this free workshop!
Bookkeeping is the most stable, reliable & simple business to own. This is how to make a realistic income -either part-time or full-time.
Find out TODAY if this is THE business you’ve been looking for.
How can I make a lot of money in hours?
Making income in a matter of hours for a woman is entirely feasible with a blend of freelancing, leveraging gig economy platforms, and capitalizing on your skills or assets. Here’s a quick guide for you:
Consider freelancing: Establish your writing, graphic design, or programming services on platforms like Fiverr or Upwork.
Dive into the gig economy: Sign up for TaskRabbit, Airbnb, or Turo to start earning.
Try online tutoring or content selling: Proficient in any subject or have strong graphic design skills? Go for tutoring or sell your content.
Indulge in buying & selling: If you’re good at purchasing low and selling high, then swap clothes or furniture, or even stocks.
Take online surveys or join market research groups on sites like Swagbucks for a rapid source of income.
Remember, time management is crucial for balancing multiple streams at once. Don’t forget to schedule wisely!
How to Make Money Fast as a Woman
No matter who you are, making money can be tough. But if you’re a woman, it can feel impossible.
From getting paid less than men for the same job to having a harder time getting promoted, the deck is often stacked against us.
Just so you know that making quick money in one day won’t happen overnight.
So, I’m going to tell you the best ways to make money fast as a woman.
1. Sell Services
Selling your skills or expertise is a fast, viable way to earn money. It’s all about utilizing what you already know to provide value to others.
Identify your marketable skills, such as cake baking, freelance writing, bookkeeping or even organizing spaces.
Brainstorm which of these services people could pay for.
Remember, you can tap into both physical tasks, like house cleaning or pet-sitting, and digital ones, like creating digital printables or offering consulting in your field of expertise.
Expert Tip: Launch your service with a few testimonials, helping to build trust with potential customers from the get-go.
2. Freelance
Freelancing is a savvy way for women to stack up earnings fast, offering flexibility and complete control over the workload. It’s a ticket to dodge conventional office politics and punch above your earning potential.
Start by identifying your freelance niche. You can be a writer, graphic designer, or anything you’re skilled at. Many people use their transferable 9-5 skills to side hustle.
Then, create your profile on platforms like Fiverr, Upwork or Guru – be sure to showcase your accolades.
Set your rates, then start connecting with clients looking for your talent.
Remember, success in freelancing is driven by quality and consistency. So, sharpen your skills and always exceed your client’s expectations.
Freelancing may start as a side gig, but with dedication, it can grow into a full-time job.
3. Become a Product Reviewer
Being a product reviewer is an intriguing job opportunity for those who enjoy sharing candid feedback about their experiences with various products.
As a product reviewer, you are required to assess products often sent to you from diverse companies.
Your role involves providing a comprehensive review that could range from making an unboxing video to writing a detailed article about the product’s features and performance.
This kind of job requires an unbiased perspective and the capacity to articulate your thoughts and experience in a detailed, user-friendly manner.
Companies value this form of direct feedback as it provides them with significant data about their product’s strengths and weaknesses as perceived by an end-user.
4. Virtual Assistants
As a woman, becoming a virtual assistant could be your fast lane to earning a substantial income.
This is especially a great option if you’re excellent in organization and time management along with the need for flexibility.
For many becoming a virtual assistant with no experience is possible. And very lucrative.
Finally, for your best shot at success in this field, taking a course to improve your learning curve is extremely helpful.
Potential to earn up to $43,000 per year.
5. Sell Your Crafts
Ladies, have you thought of turning your love for crafts into a profitable venture?
Find out what crafts are in demand. The higher the demand, the more profitable it would be to make and sell these crafts.
Remember, profitability hinges on what you sell and how much you sell. Happy crafting!
While you are limited on what you can earn by what you can make, it is possible to make money doing something you absolutely enjoy.
6. Stock Trading
Stock trading may seem daunting but it can be a quick route to financial independence, especially for women.
With the right tools, information, and mindset, you can swiftly navigate the market and amplify your earnings. In fact, this is something Teri Ijeoma did herself.
Educate yourself on the basics before you invest. This is exactly what I did and my investment has paid off.
Always be aware of the risks involved in stock trading and proceed cautiously. However, building up an investing education is a wise decision.
Learn how fast can you make money in stocks.
7. Babysit
Babysitting is a versatile side hustle offering flexible hours and good earning potential.
It’s an ideal opportunity if you’re seeking quick, extra income and enjoy children.
Obtain optional certifications like CPR and first aid to enhance your appeal. Visit platforms like Care.com, Sittercity, or Urbansitter to create your profile and connect with clients.
8. Transcriber
One field that remains highly overlooked is transcription.
A transcriptionist listens to audio files and converts them into written documents.
Gain a thorough understanding of the industry. Check out this free webinar to get the basics right.
Consider specializing in legal or medical transcription. These niches often fetch higher wages.
You could easily make $3000-$4000 monthly, working on your own schedule.
Remember, practice and precision can help you achieve a lucrative transcription rate.
9. House Cleaning
Cleaning can be a rewarding gig, especially if you like tidying spaces.
Despite recognizing the need for a clean home, many people often struggle to find the time or energy to routinely clean their homes. This is where the prospect of a housecleaning business arises.
Busy homeowners, parents juggling work and childcare, elderly individuals needing assistance, and even businesses needing regular cleaning services are all potential clients for a housecleaning business. This demand provides a consistent income flow for those offering cleaning services.
In fact, individuals transitioning into this field of work can negotiate their wages with clients, potentially earning more than $15 an hour based on the complexity and demands of the job.
10. Sell Printables on Etsy
Selling printables is an effective and lucrative method to generate passive income.
Once printables such as planners, calendars, and journals are designed, created, and listed for sale on platforms like Shopify or Etsy, they can consistently produce income without requiring continual input or maintenance.
According to several experts, one of the keys to making substantial profits from printables is to differentiate your products.
Building upon this idea of making money from printables, the free Printables Workshop by Gold City Ventures offers comprehensive insights into the process of creating and selling aesthetically pleasing printable products online. This accessible course can be an excellent starting point for beginners looking to navigate the printables market.
Selling printables on Etsy might be the perfect venture for you!
11. Dog Walking
Looking for a fun-filled way to make some quick bucks?
Dog walking could be the right side hustle for you, especially if you’re an animal lover.
Easy to find jobs for dog walking.
Suitable for people with flexible schedules.
Offers an active way to earn money.
Option to select your rates with platforms like Rover.
High demand especially due to increasing pet adoptions and busy pet owners.
You can work when you need to and not take clients when you don’t want too.
12. Make Money Blogging
Blogging is a popular and prevalent way to earn money. Many blog owners are women who want the flexibility to earn significant money at their own pace and schedule.
Earning money through blogging allows you to focus on something you’re passionate about. Any topic that can provide value to an audience can be blogged about. Targeting a niche that has been overlooked by existing blogs can increase your blog’s potential earnings.
Starting a blog doesn’t require formal training, but it does require a willingness and ability to write effectively for an audience.
By employing monetizing avenues, like affiliate marketing and advertising, a blogger can boost their earning significantly.
Despite the vast number of existing blogs, the industry is very accommodating toward new voices, especially female voices. Thus, knowing how to monetize a blog can offer women many opportunities.
Remember, blogging is not just about earning fast bucks, it also needs consistent efforts. It’s rewarding but can start slow.
13. Ride-Sharing
Ridesharing is an excellent opportunity for women looking to make fast money. With apps like Uber and Lyft, you can earn an income simply by offering transportation services.
Here are a few tips to increase your earnings:
Consider driving during peak hours, weekends, or during special events to cash in on higher demand.
Choose busy locations such as city centers and nightlife spots to increase your chances of getting rides.
Maintain good customer service and ensure safe driving to uphold your rating and receive more ride requests.
14. Office Cleaning
Considering the hustle and bustle of the daily grind, office cleaning can be an untapped treasure trove for women seeking quick cash. Given the high demand and flexible hours, it’s an ideal source of extra income.
You must identify office premises needing cleaning services. Reach out to the owners or management, and propose your services.
Think about offering your services to offices in your local area. It’s a fast way to make extra money while managing your other commitments.
15. eBay Arbitrage
Looking to earn some quick money? eBay Arbitrage could be the game-changer you need.
Aimed mostly at women who love shopping, it’s about buying products cheaply and selling them on eBay for a profit.
First, hunt for bargains in thrift stores, sales, or online markets.
Go with high-demand items; electronics, collectibles, or brand sneakers are a good start.
Then, create your eBay store and list your finds at a competitive but profitable price.
Track each item’s demand through keyword research and buyers’ reviews.
Remember to calculate potential profits inclusive of shipping costs and eBay fees.
Armed with the right strategies, you can start earning with eBay in no time!
16. Freelance Writing
Did you know your writing passion can become a quick buck-making engine? That’s right, freelance writing is a gold mine you ought to tap.
First, identify a writing niche you love. It’s easier to excel when you’re passionate about your work.
Continually hone your writing skills. The more you practice, the better you become and the more valuable your skills. Finally, don’t be shy to market your skills. Reach out to small businesses and startups—they often need freelance writers.
Remember, quality over quantity will earn you a solid reputation in the long run. Now, go turn those wordy wonders into wealth!
17. Online Surveys
Curious about making a quick buck? Engaging in online surveys can be a fast money-making method just for you!
You don’t earn a huge amount per survey but when taking multiple surveys, it will add up fast.
Here are the top legit survey platforms:
Use your free time wisely. Take surveys during work breaks or leisure hours.
Redeem points for PayPal cash or gift cards.
18. YouTube Channel Building
Building a YouTube channel can be an interesting and rewarding venture.
It provides an incredible platform to share your content, express your creativity, and engage with a global audience. Whether you want to showcase your talents, teach something unique or simply entertain, having a YouTube channel opens up many opportunities.
Effective engagement with your audience is vital.
Last but not least, patience is something you will need in abundance. Building a successful YouTube channel takes time, so don’t lose hope if you’re not seeing immediate results.
Remember, there’s no limit to what you can achieve with your YouTube channel. It all comes down to how creatively you can use this platform to engage with your audience and grow your presence.
19. Bookkeeper
In our increasingly digital age, online bookkeepers are in high demand, with more businesses choosing to move their financial operations to the online platform. This shift in business operations has created a robust opportunity for those trained in bookkeeping to tap into the market and earn income while working from the comfort of their homes.
To be successful as web-based bookkeeper, you need to be well-organized and have previous experience dealing with numbers. However, even without a formal accounting education, individuals can take advantage of online learning platforms like Bookkeepers.com to learn and sharpen their bookkeeping skills for free.
Becoming a virtual bookkeeper is not just a fantastic full-time job opportunity; it’s also an excellent side hustle for women and mothers proficient with numbers. It provides flexible hours and allows the freedom to work from anywhere, making it ideal for those juggling multiple responsibilities.
The financial compensation for an online virtual bookkeeper is quite significant. On average, bookkeepers can earn at least $50000 a year helping business owners manage their finance and bookkeeping online.
20. Start a Dropshipping Store
Dropshipping is a viable option with low startup costs that lets you run an online store without handling any physical products.
There is still plenty of time to get into the dropshipping business.
Start by deciding what products to sell. Find a niche you’re passionate about for a higher chance of success.
Remember, a successful dropshipping venture involves effective marketing as well. So invest time and effort into perfecting your advertising tactics.
21. Do Clerical Work
Clerical work offers flexible, remote opportunities for women to make quick money.
With adequate admin experience and internet access, you can explore roles like Virtual Assistant, Online Data Entry Professional, or Court Transcriptionist.
This is one of the best non phone work from home jobs.
Experts tip: Perfection and punctuality are key. Attention to detail and meeting deadlines can make you stand out.
22. Resell Clothes
Reselling clothes online is a savvy way to turn your clutter into cash, especially if you love digging for hidden gems.
It’s a popular method for fast cash flow, with Poshmark and Facebook Marketplace being perfect platforms. One of my friends is very successful with this!
Begin with your own closet, and sell kids clothes they have outgrown too.
Reinvest your earnings, by buying second-hand clothing to resell can boost your profits.
Don’t forget quality. Run a quick check for authenticity and brand labels.
Visuals sell. Stage items and capture high-res photographs.
Providing a great customer experience is key, ensuring prompt shipping and maintaining politeness.
Play your cards right, you could earn anywhere between $100 to $1,000 a month or even reach a six-figure yearly income.
23. Do Home-Based Child Care
Home-based child care is a viable option to earn money, leveraging the natural maternal instincts and caregiving skills of many women. It can be a lucrative side hustle and a means to financial independence.
This is especially a great avenue to pursue when you are already at home raising your own children.
Make sure to follow any state regulations about running a daycare out of your home.
Begin by determining the number of children you can handle at a time, taking care not to overbook.
24. Podcasting
Podcasting is a wonderful opportunity for delivering narratives. It enables you to weave compelling stories while inspiring, instructing, or simply entertaining your listeners.
The unique format of podcasting lets you connect with your audience on a personal level. They listen to your voice, engage with your thoughts, and feel a stronger connection to you.
By starting a podcast, you are joining an increasingly popular trend, with the global number of podcast listeners has grown to 464.7 million listeners in 2022 (source).
Podcasting also opens up doors for networking and collaboration. You can invite experts, artists, or like-minded individuals as guests on your show, thus expanding your network.
There’s a potential to earn from podcasting. With affiliate marketing, sponsorships, and advertising, the commercial possibilities of podcasting are extensive.
25. Merch by Amazon
“Merch by Amazon” is a print-on-demand service that allows you to design and sell your merchandise.
It’s a great money-making alternative as it offers massive exposure and doesn’t require any upfront costs.
One of the significant advantages of using Merch by Amazon for passive income is that you are not required to maintain inventory or deal with shipping. Amazon handles these aspects, allowing you to focus on the creation process and customer satisfaction.
Amazon’s royalty system ensures that you get paid instantly whenever your merchandise is purchased. This allows you to earn money passively with every sale.
When your designs meet the current market trends and the preferences of your customers, they are more likely to be popular, leading to an increase in sales, hence, higher passive income.
26. Become an Influencer
Becoming an influencer is a smart, quick way for women to make money. While most people just stumble upon becoming an influencer, you can decide to pursue this avenue.
With earning potential that is unlimited, this opportunity is flourishing, requiring no specific degree or job experience.
Remember, platforms like TikTok, Instagram and YouTube reward new, engaging creators.
Dedication and consistency could lead you to major earnings where you make thousands for each post.
27. Work as a Translator
Having mastery in more than one language opens up a world of opportunities, particularly in the realm of translation services. The ability to translate language effectively and accurately is a skill that’s in high demand in the current globalized world.
A top benefit of being a freelance online translator is the flexible work environment. You have the freedom to choose when, where, and how much you want to work. This flexibility for work-life balance is more appealing now than ever, especially in the unsteady job market.
Freelance translators also have access to a wider client base. Unlike full-time translators who work for specific organizations or agencies, freelance translators can work with various clients from all over the world, widening their potential income streams.
The need for translators is projected to grow substantially. In the United States alone, the U.S. Bureau of Labor Statistics reports that employment for interpreters and translators will increase by 20% from 2021 through 2031, which is much faster than the average for all occupations.
Among other freelance professions, translation can often provide a more stable income.
As most sectors including education, legal, business, medical, and technological firms continue to globalize, they regularly need translators to bridge the language gap, making freelance translation services a steady income source.
31. Become a Flipper
Becoming a flipper is a high-return, low-investment way to make money fast. It involves buying low and selling high, perfect for those wanting a profitable side hustle.
Here are actionable steps to kickstart your flipping journey:
Identify items to flip: Popular options include toys, clothes, electronics, books, and furniture. Pro-tip: Sell things you have around your house to start risk free.
Choose a selling platform: Sell locally via Facebook groups or Craigslist, use reselling apps like Decluttr, or open an online store on eBay.
Price it right: Pricing items competitively garners buyer interest and maximizes profit.
Learn more: Free webinars, like Flipper University and the Flea Market Flipper, offer insights for a successful flipping business.
Remember, flipping can be more than just a side hustle; it’s a potential full-time career.
32. Micro-Tasking
Micro-tasking offers a quick way for you to earn money by completing short and simple tasks.
As its popularity grows, so does the list of platforms where you can find micro-jobs. Here are the popular platforms.
This allows your the flexibility to work whenever you want. Plus no special skills or degrees are needed.
Just note… This is not a stable income source
Tips for Finding the Best Way for You to Make Money
As you can see, there are many different ways to make money fast as a woman.
You can find the best way for you by considering your skills, interests, and the amount of time you have available.
Here are some helpful tips to make sure you are earning money quickly.
1. Identify Your Skills and Offerings
You’re already gifted, let’s transform those skills into fast cash.
Make a list of your skills, passions, and expertise; you can tap into anything from programming to knitting.
That is where you want to start.
From personal experience, I can tell you it is way easier to work on a side hustle or business when you are passionate about the topic.
Remember, the digital world is your playground, so play, innovate and cash-in.
2. Research the Best Ways to Make Money
Now, that you know the skills and experience, look at the list above and determine which ones match up.
You will need to spend time watching a free webinar to learn more.
Compare different money-making ideas. From part-time jobs to freelancing, there’s a plethora of options. You need to pick what works best for you.
Remember, generating a consistent income requires effective strategies and the right mindset. So choose wisely!
3. Try Different Ways to Make Money – Not Just 9-5 Jobs
It’s vital to explore different money-making strategies as a woman for financial stability and independence.
Just because one avenue didn’t work out doesn’t mean you should throw in the towel.
Remember, the key to success is perseverance, so pick something you’re passionate about and stick to it. Try not to jump from one idea to another out of impatience; success takes time.
Also, as your revenue increases, start building a lifestyle business for passive income.
4. Focus on the Things You Are Good at
Unlock your financial potential by recognizing and utilizing things you’re excellent at.
To cash in fast:
Identify your standout skills. These could range from writing, fine arts, math, e-commerce to digital marketing or even passions such as sports and hobbies.
Assess the viability of earning via your skills. Research shows that the digital economy is filled with opportunities.
Exploit platforms that cater to your expertise. For freelance gigs, you can try platforms like Upwork, Fiverr, or Guru.
There are so many ways to make money online as a beginner. So, indulge in the digital playground, embrace exploration and innovation, and let your skills earn for you.
5. Find Opportunities That Allow You to Work Flexibly
You can choose when to work and when not to, rather than being constrained by a 9 to 5 workday. The flexibility to create your schedule means you can operate at your most productive times, whether that’s early in the morning or late at night.
Working from home or any location across the globe enables a better work-life balance, reducing stress and improving productivity. This is particularly beneficial for those who have families or are committed to other obligations.
When working for yourself, you may have the potential to earn more than traditional salaried roles.
Lastly, making a living from your passion is huge!
You are being paid to do what you love anywhere, anytime which is rare and precious.
6. Consider Specializing in a Niche Subject
Specializing in a niche subject can elevate your earning potential quickly, owing to smaller competition and a personalized audience.
Being a subject matter expert in a specific area can provide you with an edge over your competitors.
Specializing in a niche can help you stand out and garner a dedicated audience, ultimately leading to faster earnings.
Remember, the key to making money faster in your specialized area is persistence and patience. It may take time to build a strong following, but once you do, the financial rewards can be substantial.
Stick to your chosen area, continuously learn and improve, and consistently deliver high-quality content to make your mark in your chosen niche.
7. Take Advantage of Trending Opportunities
Jumping on trending opportunities can be a gold mine, especially for women who want to make money fast from home. These ever-evolving trends tap into various skill sets, interests, and experiences, potentially translating into a lucrative gig.
For many, it may have been TikTok when the company first started.
Remember, the digital world holds limitless potential. Just needing to innovate and execute your ideas!
8. Invest in the Right Tools and Equipment
The key to making money, either online or offline, is making an informed investment of your time into the right tools, equipment, and learning resources.
While this can initially seem like an expenditure rather than a money-making step, it is, in fact, a cornerstone of your financial growth strategy.
Investing time in learning and increasing your knowledge base is vital. This could mean spending your time reading about new insights in your area of work, attending webinars, or enrolling in online courses. The ROI of this proactive learning is immense.
Consider this an opportunity or a catalyst that speeds up your journey toward substantial income generation and financial freedom.
9. Commit to Consistent Efforts
Commitment to consistent efforts is the cornerstone of any successful endeavor, more so when running your own side hustle.
One of the fundamental principles for making money is the dedication to keep improving your craft, always learning, and always evolving.
This continual effort involves a long-term commitment to staying updated with the latest writing trends, styles, and industry standards.
With persistence and patience, the fruition of your investments will lead you toward the fulfillment of your financial dreams.
10. Utilize Social Media Platforms to Promote Your Business
Social media platforms are powerful tools for business promotion, and when used strategically, they can lead to fast monetary gains.
Understanding how to effectively utilize these platforms can drastically enhance your chances of making quick bucks.
Start by creating a robust online presence for your business on various social media platforms. Remember, consistency is key to building your brand.
Engage with your audience frequently and respond to their comments. This boosts engagement on your posts.
Post content that is engaging, relevant, and aligns with your business values.
Always monitor your performance using social media analytics to understand what works best for your audience.
Which side hustles for women have you tried?
Personally, here are the side hustles I have done or currently do:
Stock Trading as a swing trader
Online Content Creation
Social Media Influencer
Online Consulting
Pet Sitting or House Sitting
Teaching Dance Lessons
Personal Organizer
However, I know many people that have tried the ones listed above.
So ladies, which of these enticing hustles appeals to your skills and schedule the most?
FAQ
Stay-at-home moms have numerous opportunities to earn money from the comfort of their homes. Plus being able to bump up your household income while juggling parenthood is the perfect combination.
Find the best jobs for moms specifically!
Any of these opportunities requires dedication and consistent effort, but with time they can all yield substantial returns.
Thankfully, there are many ways for women to make money online.
Above we covered all of the interesting ways and many are online.
Remember, opt for an avenue that suits your skills, interests, and time availability.
Well. the answer to this will depend on who you speak with.
Personally, I find ways to build passive income with your side hustle as the best option. Then you aren’t trading your time for money.
As a woman, many opportunities are right at your fingertips. The most popular and profitable include:
Start a blog: With consistent readership, you can make thousands from ad revenue and sponsored content.
Virtual assistant: Services can fetch around $10-30/hour.
Social Media Management: Businesses are willing to pay up to $1000-2000 per month for proficient managers.
Bookkeeping: On average, freelance bookkeepers earn around $34/hour.
Selling products online: Sites like Etsy, Amazon FBA, or your own platform can earn you a substantial income with a successful shop.
Trading Stocks or Options: by improving your investing knowledge, you can quickly increase your net worth.
Remember – it all starts with a step. Your side hustle could turn into a full-time passion!
This is How to Make Money from Home as a Woman
In conclusion, as a woman, there are plenty of genius and fast ways for you to make money.
The article underlines the significance of grabbing the reins of your financial future.
Through the strategies shared – including investing in stocks, working from home, or using budgeting hacks, you can boost your income significantly.
One of the concepts, I’m big on is making sure you know how to make your money work for you.
With wise decisions and being open to possibilities, your financial independence is within reach.
Remember – the ball is in your court, so make sure to take that shot and score your financial goals. It’s high time to cash in on your potential!
Know someone else that needs this, too? Then, please share!!