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ExpatSingapore Message Board 21 January 2018, 20:47:21 PM *
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Author Topic: 7 Smart Ideas To Generate Side Income. #6 Is Most Hands-Free Way.  (Read 203 times)
pinkstrawberry
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« on: 11 January 2018, 12:35:49 PM »
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1. Sell stuff on carousell
Meet www.carousell.com, Singapore's largest mobile marketplace

Fashion and beauty products have the highest volume of transactions, but the category with the highest percentage of transactions against listings is Electronics & Gadgets. Laptops and tablets get sold very quickly, some in a matter of minutes

Research for products on carousell with the most likes and look for similar items on www.aliexpress.com and resell them on carousell.

USE the PDKR method.
1) Post products on carousell.
2) Deliver your orders.
3) Keep your profits.
4) Repeat.

2.Create an Online Course

If your skill or expertise you’ve created content around is in high demand, create an online course and sell them on www.udemy.com or www.skillshare.com.

Topics in high demand how to play piano, how to be an exceptional writer, 3D modelling, web development, iphone app development, MBA Business, how to code, personal branding, java development, android app development, ethical hacking and much more.

Nick Malekos, growth marketer of LearnWorlds, says the e-learning market is estimated to grow at $240 billion by 2023, and he suggests it’s an industry every entrepreneur and digital nomad should consider.

“Creating and selling online courses or a training and networking membership site is a great way to monetize your skills,” he says.

3. Sell Stock Photos

Love taking photos? Why not make generate an income from it?

Photography websites such as www.shutterstock.com and www.istockphoto.com can provide you with platforms to sell your photos. They may offer either a percentage or a flat fee of each photo that is sold to a site client.”

After creating an online portfolio, one photo can be sold multiple times. It’s like generating passive income.

4. Complete surveys

Survey sites such as www.Swagbucks.com, www.mysurvey.com, www.valuedopinions.sg always feature highly on my list of great side hustle ideas for friends and family.

They are by far one of the least effort, high reward ways to earn money online from home.
When I was a student, I’d fill out surveys in the evening while watching TV, and I can imagine these being a great little money maker for stay at home moms or anyone looking to make a little extra cash in the evenings.

They won’t make you a millionaire – but just filling out surveys for an hour a day can add up to hundreds each month.

4. Buy and Sell Domain Names

Guess how much Facebook paid for the domain www.fb.com ? A Smoking $8.5 millions USD.
Investing in domain names may be a more long-term side income solution, but if you can predict popular domain names for the next few years and buy them early, you could have a company knocking on your door with a big figure before you know it.

You can check which domain names are available with www.namecheap.com and resell them on sites such as www.flippa.com.

5. Become an Affiliate Marketer

Affiliate Marketing is a good way to make extra income.

Look around you and think about what products you use and like. Power bank ?

Chances are there might be an affiliate program / platform for that product or brand such as www.lazada.sg

You can sign up for their affiliate here : www.lazada.sg/affiliate-registration

Becoming an affiliate allows you to promote products and make a percentage of the sale.

I would urge you to only apply to companies whose products you use and truly like.
To me that’s authentic and shows you’re not just hunting for clicks, but trying to share awesome stuff while making a little money at the same time.

6. Buy A Income Property

At some point in your life you’re taught that diversification of your assets is the smart thing to do.

Don’t put all your eggs in one basket.

An Income property is property bought or developed to earn income through renting, leasing, or price appreciation.

Singapore may still have room to grow, but it’s difficult to see double digit capital appreciation, that’s why you should look into our neighbouring country.

Such as this project www.newlaunch.forsale/property/the-bridge-cambodia that has 7% annual guarantee rental returns for 10 years by the Singapore listed developer Olexy.

Example : S$200K unit, provides you a Guarantee of S$140K Rental returns over 10 years, excluding capital appreciation.

So you can one stone kill 3 birds.
1) Safety - Developed by reputable developer, Oxley (TOP JAN 2018)
2) Capital Appreciation - Robust property price appreciation of 5% to 10% per annum
3) Hands Free Passive income - 10 Years 70% Rental Guarantee 

7. Become a driver
If you have a car, and want to turn it into a cash cow, try this.

You could become an Uber or Grab driver and earn in those extra hours every day. You could also get a rental car from Grab.

The process to become a driver with either of them is lengthy but if you are committed, it will be worth it.

For those looking for lower commitment, there is GrabHitch www.grab.com/sg/hitch – a social carpooling service.

It enables regular drivers to give fellow commuters a lift, meet new people, and cover the costs of owning a car.
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