Debt & Refinance Help

Part-Time Businesses Can Be An Answer To Debt Relief

February 8th, 2010 | Author: ama

Part-time businesses

In today’s market, debt relief is sought by almost everyone. People looking for extra cash have tapped savings, slashed budgets, or even withdrawn from their 401(k)s. Consumer Caren Middleton, from South Port, Louisiana stated, “It’s not easy to manage. We’ve had to tap into all our available resources and still we’re just making ends meet.” Middleton is not alone because most Americans are struggling to make it through the recession and having a difficult time managing mortgages, credit cards, and bills.

Some people defray the costs with part time work. Some consumers are realizing that part-time jobs are great additions to their schedules. Depending on what type of work is chosen, they can pay for extras and still have quality time for family. Here are some examples of part-time jobs that can be worth the extra effort.

Baker

Jim Lahey founded Sullivan Street Bakery in 1994. He always had a knack for baking, and he though he’d try it out as a career. His business now earns about $ 6 million annually and is a New York staple in the bread-baking market. He warned potential competitors just entering the market, however, that “Knowledge of cooking is much greater [now] than 20 years ago…the market is more competitive and if you want to develop a cottage industry, the product better exceed expectations.” Baking is becoming a favorite part time activity. Cupcakes, muffins and bread are all perishable items that people buy often. Baking may afford consumers the additional income they need for debt relief.

Blogger

Blogging is big business these days. Most companies that have an online presence have a blog. Normally, blogs for larger companies aren’t self-penned by owners. They pay freelance writers to maintain a current chronicle of what’s happening in the industry or with the company.

People can start blogs in niche markets. For example, a blog on seafood restaurants in New England might pick up steam more quickly than a general blog on restaurants throughout the nation. With blogs, people can spend a few hours a day updating the website and make strides to develop a following. Once customer base and a following is in place, they sell the ad space. It probably won’t replace a full time job’s income, but it can get you a little extra cash you can put towards debt relief, savings, paying off bills, or even a little beer money.

Jewelry designer

Jewelry designers are a new trend in the market. People can start making their own designs and sell them online or consign them to retailers. Many community colleges offer the basic design classes and can show students how to put together various artistic styles of jewelry. The overhead is minimal, with normally only beads, wire, and a few tools are required. Time is the other investment needed to make a business successful. If someone has the time, and the creative knack, it doesn’t pay too bad either; the Labor Department reports that jewelers make almost $ 30,000 per annum.

Pet sitter

Avid dog lovers might want to develop pet-sitting businesses. People can consider walking dogs during the days and possibly offering grooming and training services. Also, boarding animals overnight can be an added bonus for pet owners who travel frequently. Taking pet sitting from something you do for your goofball friends to a part time income source is an easy way to start a business. According to Economic Census data, the average annual sales for pet sitters are $ 22,183.

Part-time work

There is an endless variety of part-time jobs that people can delve into. They ought to consider what they’re good at, and what they love to do, and how you can make some income out of that. In the end, bringing in more money for debt relief or savings will give industrious people a big advantage when it comes to financial planning.

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