5 Awesome Online “Rakets” You Can Earn Money From

You may be an employee earning minimum wage. Or a supervisor but still struggling with a very low salary.  You could also be one of those looking for “sidelines” to augment your income and to help you pay the bills.

There are those who sell beauty products or clothes to officemates on a hulugan (installment) payment mode. Others sell cold cuts or merienda to co-workers on a “sa sweldo mo na bayaran” (pay on salary date) agreement. I’m pretty sure each of you has a lot of good stories to tell and experiences to share.

But since many Filipinos have become more internet- and social media-savvy, it’s about time to look for more sidelines and work-from-home rakets. Here are some hit rakets that you can try on weekends or during your free time (not during your official working hours please).

1. Freelance Work

The Philippines has been on top of the call center and BPO industries globally in the past few years. If you have an experience as a call center agent or as a customer support officer in these industries, you may have a better edge than others who will try doing this for the first time.

You can be employed as an online or phone customer service assistant, advisor, support, etc. while being with your loved ones at home by companies like Teletech, Apple, ConvergysAmazon, Xerox and many others.

You can also apply via freelance websites such as Upwork (formerly Odesk), Raket.Ph, Elance, etc. as a freelance writer, salesman, virtual assistant, language teacher, accountant, and whole lot of jobs available based on your skills.

2. Make Money by Blogging

A blog is a website that uses a dynamic software platform like the free WordPress or Blogger. You need to learn first or ask someone to help you out in creating your blog or website.

Blogging about fresh and sought-after topics can be a very lucrative way to earn extra money while being employed. I personally have some blogger friends who are earning more than when they were still employed.

But remember, this is not a short-cut to earning big bucks. You have to invest in knowledge, resources, and time in order to earn from blogging.

In order for you to earn from this raket you need to consider your blog as a business. You should also know your “voice” whether you are a teacher or a student blogger.

New bloggers should also learn the proper way of using keyword research techniques, how to get traffic, marketing methods, site optimization, promotional venues, and other components of a successful money-making blog.

You can make money in blogging by selling products or services, direct advertising (by selling ad space or writing advertorials), or sell products for companies handled by affiliate marketing companies like Amazon Associates, Clickbank, Commission Junction, etc.

Another effective way to make money from blogging is by joining advertising network like Google AdSense, Nuffnang, Infolinks, Revenuehits, Yahoo! Bing Ad Network, Chitika, and many others.

3. Doing Paid Surveys

Instead of just wasting your time posting unnecessary evils on your Facebook or social media accounts, why not become an online panelist and earn extra money online from the comforts of your home? Doing paid surveys is surely another way of earning income to pay for your needs or even wants.

Some of the best survey websites that pay good cash are American Consumer Opinion, ClearVoice, My Survey, and Survey Savvy, and Esearch. When you register for these survey sites, they will send you survey invitations through your email together with the respective reward amount. You should then respond and complete the questionnaire.

Many of these surveys will take only about 10 to 30 minutes of your time. Some of these survey companies also conduct surveys via telephone, SMS, and other venues that can pay you even more. ceramic

4. Partner with Online Service Companies

Do you have a property like a house in your beautiful province or a condo in the city that is seldom used by you or your family members? Why not have it rented out via AirBnb to other people who may want to visit the place where your property is located? You can have it rented out as little or as much as you can and as much or little as you want.

I can say that AirBnb is relatively safe since they offer a guarantee of $1,000,000 to protect you from any kind of property damage caused by your renters. It also has a renter rating system so you can decide whether to rent it out or not to a particular person.

Other than that, you also earn if you invite more friends to try Airbnb or earn travel credit for each new friend you invite. You will get $25 when they travel and $75 when they host their home.

Or maybe you have a good-running car that is seldom being used? Why not be an Uber driver or have someone you trust drive it for you around your area? A lot of people going to and from work need a lift especially during rush hours.

However, make sure that your car is registered under your name and is insured. Also, make sure that you or your driver is at least 21 years old and has a valid driver’s license to avoid any trouble. You will also need to have an iPhone 4s or 2013 Android phone at least to be qualified.

5. Sell Your Own Products or Services

I’ve met a lot of people who once struggled in their lifetime as scrappy salaried-employees but have become financially-secured afterwards because of their perseverance and determination to succeed in their online businesses.

One of my friends was once terminated by his employer for not disclosing the truth the he did not graduate from college. He redeemed himself by not becoming an employee any longer. He now continuously earns thousands by being a sales agent for real estate companies and selling condo and house units through his social media pages.

Another former colleague also resigned from work and focused instead on selling fresh and tinapang bangus on Facebook with his wife.

You can also sell what you think people are looking for online. Start by asking yourself what are the products or services you are looking for but are hard to find online? Are they always out of stock? Then search for suppliers of this product and be a distributor.

You can also enhance yourself by enrolling in a course for a service that people are always looking for and offer these online.

Are a photographer? Why not sell your photos?

Are you a lawyer? Financial advisor? A doctor? Why not be a paid coach online?

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Rock your way to abundance!

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5 Common Mistakes Every OFW Entrepreneur Should Avoid

Starting a business in the Philippines while abroad is a very tough decision to make for many OFWs. But there were many determined individuals who did have the guts to invest their hard-earned savings in starting a business even though they are away from home. Interestingly, many of these businesses even wrote their business plans and feasibility studies.

But why do many OFW businesses fail?

Many OFW entrepreneurs fail at their business endeavors not because they failed to take hold of the opportunities but mainly because they failed to prepare themselves and do the things that need to be done first.

Here are the 5 common mistakes that OFW entrepreneurs have made.

1. Lack of entrepreneurial spirit. Living or working abroad has become the comfort zone for many OFWs and migrants. They receive higher than the usual salaries. They have free housing allowances or even accommodations, transportation and meal allowances, free insurance benefits, free annual vacation airfare, paid vacations, and many other freebies and perks that many Filipinos back home do not usually receive.

That is why most of OFWs who decided to run their business ventures have later on realized that they have not prepared themselves emotionally and mentally for the this new chapter in their lives. A lot of them still carried the mindset and beliefs of an OFW employee. This lack of mental preparation has caused a lot of OFW businesses to fail.

Are you ready to leave your comfort zones as an OFW and become an entrepreneur in the Philippines?

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2. Failure to identify talents, core skills, and passion. 

Everyone has their own sets of skills and interests. However, many OFW business starters were not able to properly evaluate themselves to see if there are ways for them to make money from their strengths and core skills. One of the most successful businessmen in the country today is a former OFW by the name of Steve Tamayo.

He was able to bring with him his experience and expertise in the bar and restaurant industry and used that strength to start and run one of the most-sought after food catering services in the country, the Tamayo’s Catering. Furthermore, he loves what he is doing and enjoys serving his customers even more.

Reflect and think of just one thing that you love to do and begin from that passion. If you have that passion in a business that you like to enter, you will surely have the eagerness and determination to make things happen.

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(Save and grow your money while you are still an OFW!!! CLICK here!)

3. Entering into a business not familiar with. 

In a study conducted by the Economic Resource Center for Overseas Filipinos, 76% of businesses put up by overseas Filipinos failed not only because they lack the skills. Many of them failed because they were lured into business enterprises that they have no background about.

One of the interviewed is an who OFW played in a showband that toured the world for 10 years. A cousin convinced him to pay $3,000 for five hectares of fishpond. As the OFW also needed to leave for work abroad, he left the fishpond to his cousin. Expectedly the business failed because neither he nor his cousin was familiar with it.

In addition to this, many OFW’s lend their money to their relatives in hope that these relatives will be able to run the business successfully. But this practice contribute to the high rate of business failures among many OFWs.

If you want to try a business that is not based on your core skills, make sure that you have been into that business as an employee. You should have also attended the proper training and did proper research before even going back to the Philippines.

4. Failure to establish the business model.

Many OFW entrepreneurs have failed in their businesses because they were not able to develop their own creative business models. A fundamental segment of starting a business is establishing the business model that fits a venture.

Will you be a manufacturer? A distributor? A retailer? Or a franchisee? Your chosen business model will make up the structure on how you will provide value to customers and give you your desired revenue in the process.

Ask yourself, what are you offering to your customers? Are you offering your product or service to a specific market? How do you plan to reach them? Will your products or services bring good relationship with your customers?

Are you willing to network with other entrepreneurs? How will your business model give you profit? Will you be able to handle the costs of executing your business model?

If you are an OFW who has just started a business, you should seriously consider improving and innovating on different types of business models. 

5. Failure to define and sustain their own mission and vision for their businesses. 

Lastly, a lot of OFWs failed in their businesses because they have lost the motivation to succeed. Many of them have no clear purposes on why they are starting a business. As with any business, there should be a mission that should define a reputable cause such as serving with high quality service and contributing to poverty alleviation in a community.

A vision should also reflect goals and dreams. Many of those who failed in their business have lost focus on their goals and have given up their dreams. A vision should never die and must always excite the imagination and give more energy to make dreams a reality.

If you as a business owner with clear mission and vision statements, your employees will be more inspired to work because they know that they are a part of your ideals and worthy cause. You may even attract other investors to help you achieve your dreams if they see the value of your mission.

Knowing your mission and vision for your business must start within yourself. Do you believe that you have a purpose in your life? Do you see yourself achieving your dreams in the future? Do you want other people to see you as a person with clear goals and dreams?

If you are able to answer these questions with a resounding Yes, I believe that you will be able to find ways to make your business a successful one.

Are you an OFW who dream of having a successful business soon? Then make sure that you address these five common mistakes that most OFW entprereneurs have committed in the past before you pull out your money from your bank account or other investments.

Learn more about planning your business properly by subscribing to Rock To Riches for FREE.


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Rock your way to abundance!

#moneyliferocknroll

 

You’re The Finance Manager!

If I tell you that you’re a manager, would you believe me or give me the standard reply of bewilderment that’s all to common these days: “Weh?”

If tell you even more specifically that you’re a finance manager, will I drive you further away from believing me? Chances are, yes.

But the truth is, you are a manager. By default, you are the general manager of your personal affairs. No one can brush your teeth for you, keep your body healthy for you and take care of your grooming for you but yourself.

In the same manner, no one else can take care of your money and financial needs but you. You’re your own finance manager!

Unfortunately, there are many misconceptions about personal finance. One is that you can entrust your financial fate to the stars (heavenly, not earthly ones) or to masters that teach you to secure your financial future by simply rearranging all your furniture, windows and doors to a certain side of your house.

Another one is that God will provide for all your needs even if you just sleep all day, which is taking the biblical verse out of its immediate and overall biblical context. But generally speaking, the biggest fallacy about personal finances that have the most potential to harm people is the belief that only a handful of genetically or educationally pre-determined people can really manage money well.

My e-book aims to disprove that and convince the ordinary, average folk who doesn’t have any background on finance that he or she isn’t just a finance manager whether they like it or not but to also empower them to be a very good one. It’s a great springboard for reading and learning more advanced materials on personal finance because it explains the key basic principles for managing personal finances well.

As such, this book may not be a good read for those who are already familiar or well-versed with personal finance principles.

You are the finance manager and you have the potential to be a very good one too! Grab your copy at the Amazon Kindle Store!

by Seph Romana

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Joseph Gerard “Seph” Romana worked as a Bank Examiner at the Philippine Deposit Insurance Corporation (PDIC). He is a former Market and Liquidity Risk Officer with Metrobank, former treasury trader at United Coconut Planters Bank, and former stockbroker at All Asia Securities and Apex Philippines Equities Corporation. Seph is also a resource speaker for his church’s Biblical Personal Finance seminars. On his artistic side, Seph also used to sing for the band Army of One. He advocates financial literacy among artists and young professionals. He is one of the proponents of Angat Pilipinas Coalition for Financial Literacy.

Learn more about personal finance by subscribing to Rock To Riches for FREE.

Join the OFW UsapangPiso Facebook Group to learn how to plan your finances the right way and how to grow your money in various financial instruments and investment vehicles such as stocks, mutual funds, UITF’s, index funds, bonds, money market, real estate, and others.

Rock your way to abundance!

#moneyliferocknroll

P.S. 1. Are you an OFW who’s been looking for a investment placement where your money could grow higher than your time deposit accounts? Are you outside of Metro Manila and would like to start investing in mutual funds but have no personal advisors to help you out? Click here so I can help you open a mutual fund account NOW! .

P.S. 2. Bro. Bo Sanchez has appointed me as a coach for our young and new investors at the TrulyRichClub social site. It’s a fun, learning family with the purpose of “helping good people become rich”. I’m inviting you to join the TrulyRichClub too and email me at burngutierrezblog@gmail.com if you have any questions. Click here to join!

P.S. 3. My co-author/illustrator Des Feliciano and I have just launched our “The Adventures of Pepot Kuripot and Dora Gastadora” comic book! It’s arguably the first and only personal finance-influenced comic book in the Philippines. Order your copy now from our website http://pepotanddora.com and have it delivered right at your doorstep. Or you can grab your copy yourself at The Pantry at 07 in Makati City and ilovemilktea in Las Pinas City. Now available also in Australia, Saudi Arabia, and the USA! Email des_feliciano@yahoo.com for more details.
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P.S. 4. If you are based abroad or just outside of Metro Manila and has been itching to learn more on how to jumpstart your business dreams, join me and my friend, serial entrepreneur Ginger Arboleda, as we take you through a series 2-hour webinars (for 11 Saturdays) that will help you focus on the technical skills and specific things that you have always wanted to know about in order to grow your business. We have come up with 10 sessions with 11 expert lecturers (with 1 FREE session if you enroll in the full program) that will make you a stronger and better entrepreneur. Register here to join the Enter Entrepreneurship Webinar Program now!

P.S. 5. Learn How To Make Money From Foreclosed Properties! We are on our 3rd run of the Usapang Foreclosed Property Investing with Jay Castillo of ForeclosurePhilippines.com! Happening on September 26, 2015 at the SMX Aura, Bonifacio Global City. Click here to register and avail the early bird promo!