It’s never a bad idea to try and make more money especially when all you hear on the news these days is how the unemployment rate keeps growing, and the job market keeps shrinking. In this time when no job is too secure and nothing is certain, the only thing to be done is to secure your own future, yourself. By creating passive or low time and cost streams of income, you will be better prepared in the case of a job loss. If that loss never comes, you will have created supplemental income that can elevate your financial situation.
The Car Negotiation Coach had a guest post that explained this one well. You basically rent your car out as ad space. If you have a long commute each day, that is a big selling point. When advertising your ad space, you can either get a wrap as an ad for your own service, or put an ad in a free classified like Craigslist or a local paper. As explained in the guest post, you can also seek out advertising companies that already do this on a regular basis. They will pay for the ad to be placed on your car and encourage you to pick the design and location of the ad so you are happy to drive more often.
Do you have a truck? People haul away loads of junk to the city dump every day! Most of them don’t want to go through the hassle of actually hauling the junk themselves, or renting a truck to do so. You can post fliers around the area you live and haul peoples junk away with minimal cost to yourself. An estimate of how much you can make doing this would be about $75 per truck load in a regular sized pickup truck. This is far cheaper than most chain junk hauling companies and your business may grow faster than you think. Make note that some things require special permits to haul such as chemicals or hazardous waste. You should also get a list of prices of materials charged at your city dump. Many people throw out things because they don’t want to take the time to sell them or don’t realize they can be sold so keep a close eye on what is being junked and you may be able to recycle metals or sell reusable things to increase your profit.
Free Rock Chip Repair
With the condition of US roads always going downhill, there are thousands of windshields that need repair daily. You can take a slice of that big pie by opening a free rock chip repair station. There are some tools needed for the job, as well as a bit of practice but it’s not all that difficult to learn. You can find an empty parking lot at the edge of a busy road, set up shop and wait for business. You can bill about $50 a repair directly to the customers insurance company. Rock chip repair is usually a no-fault claim and covered by insurance companies as it is cheaper for them than replacing a full windshield. There are tons of info sites out there detailing how to start a rock chip repair business and how to go about billing insurance companies for the repair. Many of these sites also sell the tools you need to get started and provide training.
Shaved Ice or Snow Cones
There are plenty of different ways to do this one. You can franchise with a company like SnoShack which will actually provide you everything you need aside from a location to get started for a fairly low fee (around $3000, includes the ice shaver and supplies) or you can go without the franchise backing, buy the equipment third party and do it all yourself. Either way, the markup on shaved ice is outrageous. It costs about 16 cents per cone, and you can sell them for $2 or $3 each.
If you have a small vegetable, fruit or flower garden, sell the excess that your family doesn’t on the side of the road or door to door in your neighborhood. For this business, you just need the product (which in reality can be anything) and to pick a busy freeway off-ramp, intersection, neighborhood or even a parking lot. I know that many grocery stores in my area buy produce exclusively from local suppliers so if you have the means, you could expand this business and supply to local grocery stores.
For all of these ideas it’s best to check with your city for restrictions and business licensing requirements. In most cities, you can get licensed as a business for a small fee and a little bit of paperwork. The fees range from $20 to $100. There are also plenty of open parking lots across the country but be sure to check any other businesses that share the parking lot to make sure they don’t mind you setting up shop.
These are just a very small sample of the thousands of ideas out there, both tried and true, and brand new that can help you weather the economy if you have experienced hardship and have a little bit of spare time. You may even find the new business so rewarding, you can completely replace your job.
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Tags: ad space, advertising companies, bad idea, chemicals, craigslist, financial situation, flyers, free classified, hassle, hazardous waste, job, long commute, money, negotiation coach, pickup truck, renting a truck, streams of income, supplemental income, unemployment rate