New Ways to Make Money
By SiNGLE EDITION on June 19, 2009
Five months ago after losing her job, 38 year old Amy was advised to try part-time consulting while searching for a full time job. But Amy, a successful and driven marketing executive, resisted for fear that consulting would tarnish her resume in the long run. What followed was four months of relentless job searching until she decided to pitch all her old clients.
Less than two months later, Amy was thriving. This comes as no surprise as the recession is forcing corporations to cut monies spent on white glove professional services and some are turning to independent contractors to fill the knowledge gap. Businesses can benefit by hiring contractors instead of employees as they avoid benefits costs and payroll taxes for free agent staff. Plus, it's a needs based payment relationship, so they do not have to incur full time salary expenses for individuals being utilized on a part time basis.
But opportunity does not just lie with big business. During these in-between times, individuals are finding new ways to turn their creative talents, personal hobbies and interpersonal skills into cash.
So we checked in with some of our readers to find out how they're surviving and here are five success stories we uncovered:
Linda, Seattle, Personal Organizer: After maternity leave, when single by choice mom Linda's full-time position was no longer permanent, she decided to put her project management skills to use. Now as a professional planner she is helping friends, neighbors and small businesses stay organized. "Being on time and on budget is what I am trained to do and now I have the freedom and flexibility to do it on my own terms."
Josh, New Jersey, Resume Writing Classes: I am a professional recruiter, and with business at a stand-still I started offering executive resume writing classes once a week to professionals in my area. The classes became so popular, I had to increase the schedule to 3 days a week. Next month I am going to start doing tele-seminars so that anyone can tap into the course via the Internet.
Sheila, Toronto, Partying for a Profit: I am lucky to still have a job, but when my bonus was slashed I needed to earn a few extra dollars a week. I knew about traditional Tupperware parties but those seemed passé, so I instead looked to organizations with similar business models. Now I am hosting passion parties and gold parties every month and earning commissions on sales generated at my place. The beauty of it is not the financial reward, but giving friends and colleagues something fun to do in these bleak times.
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