3 Ways to Increase Your Income in 2014

In today’s economic climate, plenty of people are looking for opportunities to make some extra cash. The most sensible way to do this is to resist the temptation of taking big financial risks and instead invest modest efforts in what may seem relatively small rewards. However, you may just find a nice addition to your income without too much hassle. Take a look at the following three options for ideas to top up your bank account.

• Participate in online surveys

If you like to talk or have strong opinions, this is a great way to make money by simply speaking your mind. Believe it or not, there are plenty of people who want to know what you think! Companies and organizations need to find out what the public thinks of their latest product or idea before going to market. As a result, they ask survey companies to test public opinion for them. All you need to do is to sign up for a survey site and complete a personal profile. This is a very important stage of the process as it will determine which surveys you are suitable to participate in. Make sure that you keep your profile updated. An online survey will typically take 15-20 minutes and you can expect to earn small cash sums or sometimes other incentives. However, you must make sure that you respond to survey requests promptly. That way you will likely be asked to fill in more in the future.

• Trade binary options

You might mistakenly think that any kind of financial trading is a high-risk operation. However, the beauty of binary options is that it is simple and the risks are low. Unlike trading stocks and shares, binary options are pretty much immune from sharp losses in value. The flip side is that you won’t make sudden huge gains either. With binary options, you never actually own stock. Instead, you simply hedge your money on whether a chosen underlying asset will rise or fall in value over a selected period of time. There is no secret in how to trade options, it is that simple. Choose any underlying asset, from shares in Facebook to the value of gold or the dollar rate. You then decide whether you think the value will go up or down within a given period from the next ten minutes until typically the end of the day’s trading. If you predict correctly, you will cash in. If not, you will likely lose most of your original outlay.

• Become a mystery shopper

Yes, you can get paid for going shopping! This certainly isn’t a method to get rich quick, but shops, restaurants and hotels are desperate to know what their service is really like. Therefore they pay members of the public to use their services and compile a detailed A-Z report of their experience. Make sure that you join a reputable company, which doesn’t require a sign-up fee. Hopefully, you will then be handed an assignment on a specific date and time. It is important to meet these requests in order to receive more. You need a good memory and attention to detail to be an effective mystery shopper, but you can expect to make $15-20 for each shop plus a small bonus of free goods. So long as you are prepared to spend time shopping and then compile and submit a fairly substantial report, this is a great way to make some extra cash.

 

Tags: Binary option, Business, Cash, Mystery shopping

Category: Family Finances