Hi again. Welcome back to another part of this multipart series titled How to Make Money Offline. Today will be part 2 of this multipart series. In this part, we will talk about 5 more methods of making money offline. In the previous part, we talked about the first 5 methods. Today, in this part we will add 5 more bringing the number to 10. If you have not read the first part yet, read it below.
After you read that first part of this multipart series, now you are ready for today. Without wasting any further time, let us go straight into the article of today.
Method #6. Real Estate.
If there is one method that you can use to make money throughout the world is real estate. Pretty much any city you will go in this world has real estate. This is where the people live. These people who live in these buildings pay for it. What if you position yourself as that person that they pay to?
One of the ways that you can make money with real estate is buying it and holding it as an asset. Rich people store their wealth in assets and not cash. Money is always loosing value due to inflation. This is unlike real estate as an asset because real estate is always increasing in value over time.
The second way that you can make money with real estate is through renting it out. However, for you to rent out a real estate you need to have it right? You cannot rent out something that you do not have. Hence if you are already a property owner, you can just rent out your property and make money out of it. However, there are others who do not own property. So how do you deal with that?
If you do not own any real estate buildings yet there is a loophole that you can use to make money with it even without owning it. One you can rent an apartment or whatever real estate space it is and sublet it. Or in other words re-rent it. You rent out from the owner at a lower price and then rent it out to someone else at a higher price. Secondly, you can use airbnb to rent out certain rooms of your apartment to temporary guests and make money with it.
In addition to that, you can also make money with real estate by flipping properties. You buy the real estate property at a very low price, renovate it and then sell it at a higher price.
Method #7. Peer-to-Peer Lending.
Peer-to-peer lending is the method of making money whereby you loan people money and then they pay it back with an interest. You know say you give them a thousand dollars then they pay you back at 10% interest rate. This means that you will get back $1100.
But you are wondering, why would this work when there are banks lending money to the people? The reason this works is because the banks have a lot of conditions, processes, takes a lot of time and requires guarantee. The banks will require that you have guarantee that you will pay back the loan. The banks will also take a lot of time. Thus you cannot just walk into a bank and in 10 minutes come out with loan money.
Hence why peer-to-peer lending is still in fashion. P2P lending will give you what banks cant give you. For example P2P can just give you money in 5 minutes which banks cannot. P2P will not require you to provide guarantee like banks. In addition to that, P2P will not have a lot processes to go through like the banks. However, the P2P will charge very high interest rates than banks. It can even go as high as 50% just for a few days.
Method #8. Pet Sitting/Dog Walking.
If you live in middle class or rich neighborhood, then you can make money with pets. Some of the people who keep pets, hire people to take their pets like dogs for a walk. Others when they go to work, they need someone to come to their homes and pet sit for them. Hence if you can find such jobs, then you can pet sit for them and get paid for it. Additionally, you can get paid to walk their dogs for them.
Method #9. Flipping Items.
You can make money by flipping items. What this means is that you buy the products at a lower price, improve them and then sell them at a higher price. When we talk about improving these products we mean renovating the products. In addition to that, we mean refurbishing the products to make them of better quality. Thus you buy these products, some of which are second hand, then renovate/refurbish them then sell at a higher price.
Of course go for larger products and expensive products so that you can have a bigger profit margin. You know if it is a product that costs 10 dollars, no matter how you refurbish it, there is not way you can make even 5 dollars. On the other hand, if you are dealing with a product worth $1000 you can even very easily make $300.
Method #10. Become a Delivery Guy for eCommerce stores.
These days, online shopping has become very big. A lot people buy things online these days. When these people buy the products online, these products need someone to deliver them. These eCommerce companies need delivery guys. They need people on bikes, motorcycles or cars to carry these products and take them to the customers. Hence if you have a means of transport like a bike then you can try this.
Try any of the following websites Amazon Flex, Instacart / Shipt, Roadie, UPS, FedEx and any other local company to find the delivery jobs. Sign up top any of those websites and apply to be a delivery guy. Of course each of those companies has its own sets of requirements to qualify. Hence you will have to check them out one by one.
Conclusion.
This marks the end of our second part of this multipart series. Today is the part 2 of How to Make Money Offline. In this part we have covered 5 methods that you can earn with locally. In tomorrows part 3 we will cover 5 more methods that you can earn with. Thus remember to come back tomorrow to read about 5 more methods.
