Times are getting harder and the rising cost of living is not really helping most of us either. That’s why these days, most Malaysians are looking at different potential ways of making some extra money that they can use. If you’re one of these people, you really need to consider these few things before settling down on a way to make that extra cash…
1. You need to do your research
Just as before you make any big purchase, you will also need to do your research before committing to a particular idea or way of making money.
Doing your homework ensures that you know what you’re getting into and that you don’t end up with any unexpected surprises. Basic stuff mah!
Not sure where to start? Here are some things that you can look at:
- Are you more interested in making money online or offline?
- If it’s offline – Is there more paperwork? Are there legal matters to take note of?
- If it’s online – Are you looking at established sites or otherwise? Are there any IPs that you might infringe or will need to register?
- Ways that you can earn money offline – odd jobs, setting up your own side business and selling your used stuff
- Ways that you can earn money online – take surveys, start a blog on a subject that you’re passionate about or even sell an e-book
There’s definitely a lot more that you’ll need to look into but at the end of the day, it all depends on what is most realistic for you.
2. You will need to figure out what your end goal is
Different people have different wants and needs. This will ultimately determine the sort of route you will take when it comes to the additional pocket money.
Keep a spreadsheet, project how much money you’re aiming to make, and make that your goal. This will help you keep track of your progress. For instance, if you’re just looking at earning some extra cash for a luxury item like a new phone, you could seek out additional one-off part-time work on the side to earn yourself the right amount you need.
However, if you’re looking at a more steady stream of side income, then it might be best to look at something more consistent like doing some regular freelance work or even setting up your own side business with a friend.
3. You’ll need to MAKE time for it
We all know that time is precious. Like it or not, when you’re thinking about putting extra cash in your pocket, it will most likely require you to sacrifice your time to a certain degree. Time is money!
You have to start asking yourself questions like, “Can I really make the time for this?”. If your answer is ‘no’, you may want to look into something else that would fit your schedule better – such as making and monitoring investments. It all really comes down to a shift in focus and the skill to manage your time better.
You can do this by setting achievable time management goals like using a few minutes of your lunch break to do extra research. You can even use different time management apps to help you get on the right track. Set up the habits to ensure that you can achieve the financial goal that you’ve set.
4. You should always play to your strengths
As humans, we all have a different range of strengths and weaknesses. Just stop and think:
1. What am I good at?
2. How can I make money off of that?
You definitely don’t want to dabble in investments when you’re not known for having the best judgement, right? If you happen to be awesome at knitting, you could always set up a side business selling your knitted goods on arts and craft-based sites. Think of all the cat sweaters you can make!
Whatever it is, you want to focus on what you can do amazingly. This is because you want to be certain that your passion can sustain you in the long run.
5. If your lifestyle is compromised, can you deal with it?
Would you be willing to give up your usual mamak session with friends in order to get that extra cash? If you’ve got a family, would they be able to manage without you for a bit?
Let’s be honest, most of us are used to a certain sort of lifestyle and routine on a daily basis. That’s why you have to jot down what your priorities are. When you are able to see physically what you should be focusing on, it makes it easier for you to decide what to really prioritise; whether it’s making extra income or spending quality time with your family.
Source: The Star Online
But hey, it’s not all that gloomy. You can still shop to treat yourself or your family every once in awhile. The best part? You can earn money while you’re at it!
Yes, get money while shopping! HOW, YOU ASK?!
All you need is to do is sign up with Maxis Shopback. Do note you’ll have to do so using your Maxis mobile number!
With more than 500 online stores and services, you can get extra cashback (yeap, that’s cold hard cash) when you do your usual purchases from the likes of Nike, Expedia and even when you book a Grab! I mean, imagine all the money you could’ve saved! Wished you knew this earlier right?
Here’s how it works:
Let’s say that you’re buying presents for your family on Lazada, once the total cost is calculated, you can get up to 12 per cent cashback on whatever you spend on. So, if you spend RM500, that’s up to RM60 that you can easily get back!
Here’s more examples of what you could potentially earn!
*The cashback is correct at the time of publishing, as the cashback percentage changes from time to time.
Interested? Here’s how to be a Shopback member as a Maxis customer!
Just follow these steps:
- Visit this website to sign up
- Click the ‘Sign up now’ button and follow the next steps to complete your registration
- Once done, head on over to www.shopback.my
- Click on your preferred online store from the page and you’ll be redirected to start shopping
- Make your purchases at the store as usual. Tip: Make sure you’re still on the same window, so your cashback will be tracked
- After you’re done with your purchase, your Shopback purchase will be updated with the cashback within 48 hours
- Cash out to your bank or Paypal account or even use it to pay your Maxis bill!
Oh and if you already happened to have an existing Shopback account but didn’t sign up using the exclusive page for Maxis customers, here’s a pro tip: you can create another account right now to earn that extra cashback.
We know, you’re already in heartache at how much money you could’ve earned back.
Seriously though, getting money back while buying the stuff you wanted to? Sounds like an awesome deal! So, what else are you waiting for? Sign up now and get ready to shop!
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