Business Ideas

4 Proven Ways To Increase Your Income

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4 practical ways to boost your income level

Most millionaires were never born with a silver spoon. Most of them never even had a spoon not to talk of a golden spoon. If you want to become the best version of yourself – a millionaire, you must find out what those are the top are doing and do those things. It may be on how to increase your income. One thing is certain, success leaves a track. And if they have done those things and succeed, you can as well.

 But first, you have to take responsibility for everything. If you are looking for ways to increase your income and better your living status, then read on. The best way to do that is to build a business, whether on a part-time base or full time. Building a business is one of the most profitable things you can do for yourself right now.

The ideas examined hereunder are paramount to ensuring that you increase your income at no much cost.

Proven Ways To Increase Your Income

01. Start a Business 

Believe it or not, there are no better ways to increase your income than starting your own business. It may be a part-time business – it’s worth it.

RECOMMENDED: Step by step guide on how to start a business

How To Start A Business Without Quitting Your Job

Whether you are an employee, a stay at home mum, a student – whatever status – there are thousands of profitable businesses you can venture into that can affect your financial status positively within a short time. Maybe you can start mini importation, exporting of hot selling agricultural products to foreign countries that need them. And then, as time goes by you may decide to take it up on a full-time offering.

Truth be told, you can’t remain an employee forever. You need a financial source that will sustain you – start a business.

02 Work as a Solo-Preneur

increase your income by becoming a freelancer

Solo-preneurs are freelancers. They work remotely providing services to business owners and persons who need their service.

This is another lucrative means to double your income. However, this requires that you possess some special skills.

Here are examples of highly sort after freelancing skills in the market; graphic design, writer, animations, consultants. One good thing is that these skills you can learn them right from the comfort of your home – contact ESY Media via WhatsApp: +234-806-672-1490 if you want to learn. Also, because the skill you possess isn’t among the ones I mentioned doesn’t make it less productive. All you need to do is to find out those who need what you have and pitch it to them. You will be surprised at how much will you be making monthly. And when it comes to working remotely, you must also know how to price your service.

RECOMMENDED: Benefits of registering a business in Nigeria

Getting a client as a freelancer on the online space isn’t a problem at all if you know your onions well enough and your target market. You may, however, start your offering with family and friends and ask for their recommendation. Over time you will be able to build enough connect with clients. 

03 Take on a Second Job 

Finally, you may want to seek a second job. It means you have to work longer hours with less time relaxing. This may sometimes be conflicting with the interest of your employer, if not managed.

In 2015 after much searching for ways to increase my income decided to take up a second job. It was tasking. But the saddest part of it was that I nearly lost my first job because my employer discovered it and thought I won’t give priority to my functions.

So, ensure your second job won’t threaten your continues to stay at your main job. 

Becoming a part-time tutor is a great opportunity to consider applying for as a second job.

04 Investment Wisely

Recently, there is an increase in the number of ponzi scheme. Don’t fall victim of these get rich quick scheme. They are by no means investment. Rather, seek to invest in real estate, oil and gas.

But before you venture into any kind of investment – ensure to take the advice of Aliko Dangote – the richest black man in the world. Having a prior good knowledge is very important if you must succeed in any kind of investment.

CONCLUSION:

To increase your income you must first set a result goal and a process goal. Without a goal backup by a plan, then you may just wake up one day to find out that you have been wasting your time on unproductive activities.

A financial turnaround doesn’t happen overnight. If for instance, you want to consider running an online business – you need to understand the core things needed to succeed online; a superb product/service, an accessible platform, visitors that need your offering, a team and then be focus.

esy

Helping Entrepreneurs, SMEs to grow and scale their businesses. WhatsApp: +234(0)9025411894

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