Thursday

How to supplement your income with an online job

There is no doubt there are hundreds of work-at-home scams on the Internet. However, this should not be a deterrent when seeking to supplement income with an online job. One of the first things to understand is the difference between having a job and being an independent contractor. Employees and independent contractors face different challenges with both earnings and with taxes.

Capitalizing on existing skills

One of the best way to supplement income is capitalizing on an existing skill set. Examples of this include data entry operators, call center professionals and those who have strong crafting skills. For those seeking a work-from-home job with call center skills, companies like Alpine Access offer full and part-time assignments, pay good wages and offer a full range of benefits.

Data entry operators can typically work for sites that offer micro-tasks such as Amazon's Mechanical Turk. This is an independent contractor assignment that pays piecework rates for simple tasks. Some require certification while others are available for those with limited skills.

For those who have strong crafting skills, a virtual storefront for selling goods online can result in
additional income. In some cases, storefronts allow users to include images, contact information and have e-commerce capabilities to allow for online payments. Keep in mind, this option will require strict bookkeeping - income, cost of goods and taxable income will all have to be carefully recorded.

Expanding horizons

From time to time, earning additional money may mean thinking outside the box. Whether a person has qualifications as a teacher and can tutor students from home, or they have the ability to write well crafted articles, there are a number of opportunities for earning money. Keep in mind, these often involve working as an independent contractor which will involve being responsible for taxes on all earnings. 

Opportunities for ongoing contracts

Freelance sites offer a wide range of opportunities for freelancing. This is one way to supplement existing income by accepting both short and long-term assignments. While these assignments are performed by independent contractors, there are a wide range of skills that are in high demand.  Sites like Upwork offer a wide range of assignments at various rates of pay. Those who are in a position to capitalize on their skills can find long-term success while creating an additional source of income.

Income limitations are common in many workplaces, though this phenomenon need not limit the opportunity to earn extra money. Accepting work-at-home tasks as an employee or as an independent contractor can improve future opportunities for promotion as well as help employees save money or simply improve their overall financial status.