Two Hacks To Double Your Side Hustle Income
Given the current state of the economy, lots of people have taken up gigs to make extra cash. So for some of you, a side hustle is a necessity, not just a luxury.
But even with a full-time job or side hustle, you might need extra cash for a vacation, an upcoming birthday, or an emergency expense. So here are two hacks that can help you make some extra money fast:
1. Offer Discounts
Simply put, you can get really rich doing discounts. Think of the airlines and hotels that already charge you a standard rate, but have special “discount” sections of their websites. And then on top of that, you can often purchase additional discounted tickets. Once those tickets are purchased, there are tons of tax-savings opportunities, and often you can purchase multiple discounted tickets on the same flight, and still end up with a deep discount.
This can also work in the “old school” way, where you can send out ads, tweets, emails and other promotions, which can result in word-of-mouth recommendations that might result in your adding on even more sales. And if you’re fortunate enough to have a fan base of customers, you could even try direct mail marketing.
Pro Tip: Make sure you’re putting your prices on the front-end of the webpage, instead of as an added add-on.
2. Sell Stuff In Amazon FBA
Many people are selling their products on Amazon FBA. This platform allows you to essentially sell your products wholesale to Amazon, which in turn will use their network to get the product into the hands of customers.
Many people are saying that Amazon is currently offering more than they did before the housing crash of 2008. They’re offering free shipping, and they have just launched Prime Day, which is going to be huge for Amazon’s margins.
The average selling price for products on FBA averages $1.5 million dollars. So if you have a product that makes $2,500 in profits per month, you would be doing $30,000 in sales on a monthly basis.
Pro Tip: Use the tool my friends at Skyrock to start selling on Amazon FBA right away.
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