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Beginner's Guide To Make Money From Home In 2023!

Written by Plastk Canadian Financial Education Leadership (CFEL) | Feb 10, 2023 2:00:00 PM

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Who doesn’t like some side cash and achieve their financial goals more easily?

Especially when it is by simply working from home?

Sure, everyone does!

However, dreaming about something is entirely different from actually working on it.

Similarly, when it comes to WFH, especially as a beginner, many things can feel like not-so—doable!

Worry not, we’ve already crafted an ultimate guide to help you pick a profitable passive income!

So, let’s dive straight in!

Who Can Make Money From Home?

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The first and foremost question that pops up in almost everyone’s mind is, “who can make money from home? Like, nobody wants to spend that extra free time on work and end up earning just a few bucks.

Who can benefit from this new WFH trend to make it really count? So, the simple answer is: anyone who is willing to:

  • Put in the effort
  • Learn new things
  • Improve existing skills
  • Be patient with the whole process
  • Thrive financially in a non-traditional way

Or, to be precise, anyone who is ready to work on it seriously instead of taking it for granted and then giving up on not getting the desired results!

Yep, the last point is essential to understand! You can’t become Warren Buffet or Bill Gates in one night. You really have to put in your blood, sweat, and tears to see the change.

 

How To Take A Start As A Beginner?

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Everyone wants to decode the program hidden behind successful online earning and doing so from home is just cherry on top.

However, not anyone can crack the code!

Yes, making money from home is more related to personal skills and your financial goals. You can’t just jump straight into the process without knowing the basics.

So, how to take your first step as a beginner? First of all, ask yourself:

What is it that you are really good at?

You need to know your expertise to sell it like a pro. Once, you’ve got a satisfying answer, then:

  • Do some market research on your end
  • Set up your work portfolio in the relevant skill you’ve opted for
  • See what others are doing
  • How well they are managing their WFH lifestyle

After you are done with this, you will have to start reaching out to clients, people with more experience, or even a community for better investment tips and tricks.

How To Choose The Best Way To Make Money From Home?

This one is important and it really needs an in-depth look before you start working on your first-ever project!

This is simply because working from home simply doesn’t mean that you start working on anything you love.

Sure, it does play a major role whether you are passionate about that skill or not, but other factors also matter. And these are:

  • Is this work in demand or not?
  • Is this profitable enough to put in long-term efforts?
  • Will it bring some good change after 5 years?
  • Will it be able to cover more than your monthly expenses?

So, ask yourself some basic questions like these because you really don’t want to burn out and yet not save enough for your retirement or other money-related goals.

4 Easy Ways To Make Money From Home!

Working from home and earning excessive money is a dream of so many. Yet, most people don’t succeed in pulling it off.

Have you ever thought of working remotely? Isn’t it great you can work whenever and wherever on your terms! So, is it that easy? Well, with these not-so-technical ways it surely can.

Here’s how you can double your earnings in 2023 with a WFH setup!

1.  Be A Personal Finance Consultant

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This is something that stays in demand forever. Mainly because personal finances make or break one’s way of living and other soulful dreams.

So, if you’ve got a knack for personal financing and everything in between, offer your profitable services like

  • Paying the lowest interest charges with a secured credit card
  • Tracking credit score to stay updated
  • How to avoid hard inquiries
  • How to budget your way through high food prices

And the list goes on… all you need to focus on is how to cut down the next person’s financial worries!

Once you get the grip of the finance handling skills and customer dealing, you’ll be playing with money because it’s that handy. :p

2.  Virtually Assist Companies

Since we all know that the whole world is shifting to online working spaces faster than ever. This means that companies are also looking for virtual assistants to manage their tasks like:

  • Bookkeeping
  • Scheduling meetings
  • Finding ways to improve the team’s productivity

And a lot more that can vary from client to client or the type of work they do.

This, again, simply involves that you are polished in doing things listed by your client and you are already good to go!

You can decide to work hourly, or weekly, and choose your rate as per your liking.

3.  Monetize Your Blog

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Let’s say you have been working on a blog for the past 2 or so years. However, you are not making any profits from the same blog either.

So, what if we tell you that monetizing your blog can take your working-from-home game to the next level? For this, you will have to:

  • Work on a profitable niche
  • If not, then join an affiliate program related to the existing one
  • Accept or reach out to companies looking for brand ambassadors
  • Collaborate with brands similar to your niche
  • Help them grow and earn your commission in return

 

Monetization, however, may experience a few highs and lows in the start but once you are in the game, your monthly revenue or cash flow will significantly improve!

Just focus on the authenticity and reliability of your services or products.

4.  Roll Out A Podcast

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We are living in a digital world where people search solutions for their problems online.

Today’s world is not the same as it was a decade ago! Gone are the days when people had little access to productive knowledge they can make use of on a daily basis.

All thanks to the revolution this “knowledge-sharing” world has brought.

People listen to other people's success stories or failure lessons to get motivated and feel relatable!

Keeping in line with that, more and more people are into listening to podcasts that help them:

So, starting a podcast might be one of the good decisions to make now. Here’s what to do:

  • Pick a topic that can be discussed at length
  • Improve the number of downloads of each podcast episode
  • Be consistent in uploading quality content
  • And keep your valuable content on multiple platforms for better reach.

This will also help you collaborate with people of similar interests as you. Here watch a helpful video to start your podcast today!

 

Summing Up

Be it 2023 or any year next to it, your decision to start working from home or having a profitable side hustle will always turn out to be a regret-free decision!

It allows you to work with freedom, ease, and flexibility. You get to be your own boss if you’re running a business or gives you a chance to work on your terms if you’re affiliated with a company.

So, give this a read and gather all the knowledge you want. We hope that you found this guide worth your time and effort!