Channel Button

There are 6 articles on this title. You are reading the article ranked and rated #5 by Helium's members.

Personal Finance   >

Investing (Other)

How to generate an alternate stream of income

Money; everyone wants it, everyone need more of it. Most people would like to have more money to do certain things in their life, like travel or buy something new. Unfortunately, most people can't get this extra income from their current job and starting a new career or a second job isn't an attractive option. Their only solution is to find alternative streams of income.

1. www.helium.com- Why not start with this site. Helium is a great way for making money if you like to write. Every article written on Helium has the chance of making its writer money. Granted, the real money is in the marketplace or contests, but the pennies from articles can add up over time. The marketplace is where writers pen articles for certain articles and try to sell their articles to them. The contests are where writers compete against other writers in a particular category to try to win $75, $50, $10, or $5. It's a great site for inspiring writers but don't expect to make much money from it, at least not right away.

2. Stock Dividends- Most blue-chip stocks offer dividends to their shareholders. Dividends is where companies pay money to their shareholders (usually between 2% and 5% of the stock price) to reward them for buying the stock. This is a great way to make money since the person doesn't have to do anything; just wait and let the money pile up. Also, the dividends can be reinvested to earn even more money. Many top companies, like Coca-Cola, offer direct investment plans where an investor can buy shares directly from the company. Then, the dividends are reinvested and used to buy more shares, even fractions of a share.

3. Fixed Income- Like stocks, fixed income pays a percentage invested as interest to the investor. An example would be US Treasury Bonds. However, right now they don't pay as much as they have recently due to everyone buying the bonds. If you aren't pressed too tight for money, it may help to move money into CDs or Certificates of Deposits. They earn more interest than a savings account in return for the bank locking up the money for a set amount of time.

4. EBay- Most people have junk lying around the house that they don't want. A good way to make money and to clean up the house is to sell the stuff on EBay. EBay is probably the best auction site in the world because it has the most people. It's free to join and only costs a small fee to list an item. While the stuff on sale may look to junk to some, it only takes two people and the bidding can to go to outrageous prices. It can also be used to sell things to other people and take a commission.

5. Domain Names- Many people have made a ton of money buying and selling domain names on the internet. The main way these domainers make money is by placing ads on sites that are highly visited by web viewers. The people clicked on the links and money goes to the owner of the website. Once they website gets enough visitors, it becomes possible to sell the site for a huge sum of money. Some sites have even sold in the millions of dollars. Granted, most won't go this high, but it doesn't hurt to dream.

There are tons of ways to make extra money for things that you want to do. It doesn't require a new job or following one of those TV ads that falsely advertise that they can make everyone millionaires. All it takes is a little work and exploration of the chances out there.

Learn more about this author, Tommy LaBar.
Contact this writer Click here to send this author comments or questions.


Below are the top articles rated and ranked by Helium members on:

How to generate an alternate stream of income

  • 1 of 6

    by Melanie Marten

    Whether the dismal economy is squeezing your wallet till it screams, or you just want some extra money to pay off bil... read more

  • 2 of 6

    by Lloyd Duncan

    Creating multiple streams of income has been the topic of, or at least the chapter of, many financial and wealth gene... read more

  • 3 of 6

    by Dan Pritch

    www.everydayfinance .blogspot.com Note that during the recent market downturn stemming from the Asian meltdown, not... read more

  • 4 of 6

    by Francis Shump

    Certainly generating additional income streams is an admirable goal. After all, if your only source of income is your... read more

  • 5 of 6

    by Tommy LaBar

    Money; everyone wants it, everyone need more of it. Most people would like to have more money to do certain things i... read more

View All Articles on:
How to generate an alternate stream of income

Add your voice

Know something about How to generate an alternate stream of income?
We want to hear your view. Write_penWrite now!

What do you know about?
  • Tell us! Get published today.
  • Reach millions.
  • Many ways to earn.
Join Helium Today

Already a member? Log in.

Helium Debate

Cast your vote!

Is the stage set for a stock crash in 2008?

Click for your side. Must be logged in.

94043

Featured Partner

The Center for a New American Dream

The Center for a New American Dream has partnered with Helium, giving you the chance to write for a cause. Brows...more

What is Helium? | User Guide | Community | Link to Helium | Privacy | User agreement | DMCA

Helium, Inc.
200 Brickstone Square Andover, MA 01810 USA