It’s really dangerous to stand on one income stream. To do this, you have to look for other ways to earn extra income in addition to your main source of income. In a country like the United States, for example, almost everyone has access to the stock market. They are familiar with the bond market and invest in monopolies to earn extra income. This time, I would like to share with you my experience in Myanmar what areas and ways we can really earn extra income.
1. Benefactor.
Brokers, also known as brokers, are another way to earn extra money. Agents can be used to buy or sell property assets, or to provide services. For example, internet billing; I buy cooking utensils. Money transfer abroad From apartment to apartment Car Sales There are a number of sellers and buyers that can be used to connect buyers and sellers to real estate. In addition, in some areas, rice, If you want to buy and store commodities such as beans, you can also find a service that allows you to transfer money at the market price and store it in your own warehouse. This industry is also a way to earn extra money outside of your main working hours.
2. Buy and Sell.
Here’s how to put one together for use with your savings. Gold Dollars Foreign currency car, Real Estate Phone Second Most types of assets, from electronics, can be used to earn extra income from trading. Doing so involves saving time and money. There are two ways to do this: Buying at a lower price and selling at a higher price is a waste of time, and buying at a cheaper place and selling at a higher price is a waste of space.
When I was a young middle school student, I used to go to the pagoda and buy cheap Thanakha from the border. When I got home in Rangoon, I begged my father and student to cut my hand into Thanakha pieces with a saw and sold them at my mother’s grocery store to earn some money. This is the use of space.
3. Sharing.
You can also share some of your skills and knowledge with a decent scholarship to earn extra income. For example, let’s say you make and sell women’s fashion. Then you can earn extra income by opening a tailoring course in this field. From there, we sell raw materials to the trainees. Selling designs; We can continue to expand the wholesale market and the distribution of ready-made garments.
4. Part-time work.
Nowadays, you can also earn extra income from well-paying part-time jobs. When my family is too busy to clean my house, I usually call for a three-hour cleaning service once a week. Housekeeping is usually done within three hours, and service fees often run into the tens of thousands.
There is a motorcyclist in front of my house. His hard work is exemplary. I mainly work by riding a motorbike from morning to evening. But from there, part-time shops, We make a set of things you need at home. Plumbing repairs Lighting Small tasks such as cleaning sewers; It starts with the dirty work that most people do not want to do. From there, he learned the skills he needed. A few years after purchasing the necessary equipment, the concrete paving, Building a brick wall; Tiling Home decoration painting You can also accept big jobs. He then rented out his rickshaw and was able to get on with the day-to-day running of the house.
5. Renting Services.
The easiest way to earn extra income is to rent assets. I will buy and rent an apartment. I will buy a taxi and rent a car. I will buy and rent a motorcycle. I will rent a rickshaw. And last but not least, the headline made you rent a cart. They make money by renting what they need in their respective fields. We rent dishes for housewarming parties. Renting carpets and chairs; Background Decorations For Weddings I rented fireworks and flowers. Renting jewelry Renting clothes; And so on. In villages where electricity is scarce, we even see people renting batteries every day for lighting.
6. Wholesale and Retail.
Kitchen utensils Cosmetics Clothes You could also start earning money by buying consumer goods from wholesalers and reselling them in your community. During my service life, I also provided a month-long credit card service for office workers. It is a system that is added at the end of the month. Although I received an extra 500 kyats for every 10,000 kyats I received from this loan, I was able to earn some income because everyone accepted and encouraged me. But in this day and age, it is important not to run into a lucrative membership system like Multi Level Marketing.
7. Connect with Big Companies.
It’s a bit of a work in progress, but it’s a bit different. For example, some generators; Solar companies offer a percentage of their products if they can introduce a potential customer to their product. Medical supplies; Sports equipment; This is often allowed in high-value products such as construction. Some tour operators offer a free one-person booking for up to 10 travelers per package. I’ve also seen it linked to 10 travelers and reselling a free one.
8. Technology-based extra income.
Nowadays, technology-based income types have become quite common. Make Money From Youtube Websites There are a lot of Facebook methods like instant articles, ad breaks. You can also create popular Facebook pages, groups, and websites to receive ads. Live Sales And so on. One thing to keep in mind is which method really works? How much time and money do you need to invest? You just have to be more discriminating with the help you render toward other people.
9. Income linked to your current business.
If you are self-employed, you can still get extra income from your current business. For example, when the number of products sold increases, the delivery service will be charged with additional charges. Selling groceries and tenants to tenants; You can think of many ways.
10. Sell Information.
If you have information that is useful to others, you can do it on a monthly or quarterly basis. It can also be sold as a standalone system. For example, the world-famous Bloomberg TV channel is the first to broadcast commercial news for a fee. Or do you have a list of stores all over Myanmar? Clothing store lists; If data is collected, it can be resold to anyone who wants to use it. However, it needs to be self-collected data and ethical acquisition.
11. I will make and sell my own handicrafts.
One of the oldest ways to earn extra money is to make and sell your own handicrafts. In this day and age, Clips, wallets, Toys They make and sell all kinds of clothes. In addition, you can re-enter the design of a tailor shop, such as decorative designs, stars, And so on. In addition, from the hobby of floriculture, we grow seedlings and resell them. Drawing pictures Creating and selling portraits; Making beautiful cakes Decorating bouquets has also become popular these days.
12. Freelance Freelance work.
Freelance work, which can be done in your spare time depending on your skills, also works. For example, digital marketing; Designing applications and websites. Setting up business advisory systems; Providing financial services to businesses; And so on.
13. Joint venture.
If you have trusted business associates, you could start earning a living by investing a certain amount of money in your business. Here are some suggestions on how to look or get an appointment for antique items in Myanmar today. May all increase their income and succeed. Adequate knowledge can easily overcome serious difficulties.
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