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Thread: Earning a living outside the system.

  1. #1
    Heavenly Creature Editor aman's Avatar
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    Earning a living outside the system.

    In this thread I would like to discuss ways of earning money without having a conventional job or ways of substantially boosting your income if you do have a job.

    I stated in another thread that being poor is too expensive and I can no longer afford to it so things have got to change.

    Ironically if you have money it is easy to live on virtually nothing

    I need some ideas for earning some serious money. I am talking say an extra 500 pounds a week so that I can start building the kind of life that costs very little to live in.

    I am not talking about "get rich quick schemes" as I don't mind putting in the work and I already have a few ideas of my own which i am starting to pursue but what I really need is a brainstorming session so we can come up with some ideas we might not have though of before.

    I am hoping this is an exercise we might all benefit from

    Paul
    PⒶUL
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  2. #2
    Unless you don't have some kind of job already,the extra time required to earn 500 a week by legal means is going to be a lot of hours.
    The only thing I can think of is buying and selling .I was a scrap metal dealer most of my life, I chose that as it struck me as the best way of earning decent money for least amount of time , but like living on the road things have changed and it is to regulated , not to be a big hassle I believe you now have to register with every county you operate in among loads of other red tape shit.

    I always have looked for ways of saving money rather than earning extra
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  3. #3
    Ah found it! Moderator FriedOnion's Avatar
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    500 a week sounds like a well established business, I would be wary of anything that offers that without a time and learning commitment.

    I'm not sure what you mean about outside the system? Perhaps just not working for someone else?
    If so, how about selling snacks from a mobile stall in a tourist area, window cleaning or other domestic chores for the less able bodied.
    With a little training other things could be learning some plumbing or becoming a mobile locksmith.
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  4. #4
    the devil's avocado Moderator Paul's Avatar
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    Have you considered monetising your blog?

    By that I mean an ebay affiliates link similar to the one on here, a google adsense campaign, amazon affiliates shop links and so on - they all add up. So, for instance ... add an affiliate link to one of the books you recommend, and if someone buys it through Amazon you get a little reward.

    Google will probably be the best money spinner, but the reason we don't have it on here anymore is because we kept falling foul of their adult content rules.

    Might be worth getting Google Analytics installed just so you can see what traffic you're getting.
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  5. #5
    Heavenly Creature Editor aman's Avatar
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    Thanks guys

    Maybe 500 is a bit ambitious to start with but I need to aim high. I am never going to get myself out of this rut by earning an extra 20 here and there.

    By outside of the system I mean outside of the normal going to work from nine to five for either an employer or being self employed. I would also rather earn money from 5 or more sources so I build in a bit of resiliency to my income.

    I run my own business at the moment and it has done an adequate job of providing enough money to exist but it has many problems that I am getting a little tired of if I'm honest.

    One problem is I have to be there 5 days a week 8 hours a day so it ties me to a location whether it is earning me money or not. In the busy times it is not so much of a problem but in the lean times it means that even though I have little work to do I still need to be here just in case someone comes in. Which brings me on to the next problem. We have very quiet periods where we earn very little but our overheads are constant so we end up running up bills in the quiet times that we have to pay back in the busy times but in the busy times there is only so much we can do in a day because everything we do is bespoke. In the busy periods we can be rushed off our feet for weeks but with the limits on our productivity and the paying back from the lean times we still end up with very little surplus cash for emergencies.

    So my plan is to start building income streams that don't really need me to be there or only require me to be there when absolutely necessary.

    I am working on three such projects at the moment. All of which I can do whilst still working full time and all of which could in theory bring in a substantial amount of money each week but I am still on the look out for other income streams hence this thread.

    I have to bugger off for a hour or so so I will elaborate a little on my income streams when I get back.

    Paul
    PⒶUL

  6. #6
    Ah found it! Moderator FriedOnion's Avatar
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    Yeah I see where you're coming from, I have long hated the prospect of returning to wage slavery with all the attendant stresses. So would plumbing or locksmithing be too time consuming?

  7. #7
    Transcending TYROS720's Avatar
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    I make 130 a day for eight hours as it's temping it's sporadic and it moves about wildly oh and I can have days or weeks off whenever I like (or at least when my cars money detector stops sabotaging me) does that count

  8. #8
    An interesting post Paul, after a crap year with my business I have been thinking similar in a bid to make sure I don't have to return to a 9 to 5 job! As said before I think 500 a week would be quite a big jump, even 50 might be optimistic depending on your time and circumstances.

    I can fully understand why you would not want to be at your unit/shop all the time when it is not time well spent. What is it that you make? Is there a more time optimal way of doing things.

    As said by bungo I have found trying to cut costs and sell excess belongings to be a good way to go in the short term. Failing that you need to assess your skills, needs and benefits of your local area and see what you can do with that to make money.

    Good luck with things,
    Doug

  9. #9
    Heavenly Creature Editor aman's Avatar
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    Originally Posted by dots46
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    I can fully understand why you would not want to be at your unit/shop all the time when it is not time well spent. What is it that you make? Is there a more time optimal way of doing things.,
    Doug
    We run a small sign making company. We do vehicle graphics, signs, banners, t-shirt printing and design work. All of our work pretty much involves a client coming in and we discuss their requirements then I show them a mock up and a quote and if they accept the quote I send them an invoice and once the money is in my account I produce the product and then they either come and collect it of I go to their premises and fit it.

    Every job is different and involves me being there every step of the way. We do outsource a few jobs but most require us to do everything. Some weeks we do well, pother weeks not so well but averaged out over the year we survive. We have very low overheads at home so we do not have to draw an awful lot of money out of the company which is why we are still going. If I am perfectly honest I am a bit fed up with the whole process.

    I also run a micro company online that provides vector artwork to the sign and garment decoration industry. This is a better business model than the sign shop as it is location independent but I still have to actually do the drawing and designing for each job that comes in so it still requires me to actually be available when people need me. I run a next day service so if someone sends me a job I really have to drop everything and get on with it.
    This job is less demanding than the sign making but has the potential to earn a lot of money but it still ties me to the job.
    This is one of the income streams I need to exploit more. One a good week I could earn 500 in about 10 hours spread out through the week but I would need to do a lot of marketing to get to that stage and once I got to that stage I am kind of stuck with doing the job day in and day out if I want to keep earning the money. There will be no sick days or holidays (I take my laptop on holiday so I don't let people down). It is not the sort of business i can build and then sell as it wholly relies on my skill in vector graphics to operate.

    So, what to do?

    I have a few new ventures that I am developing at the moment.

    Number 1 involves a friend of mine who buys a used product cheap, renovates it and then sells it on at a healthy profit. He has been doing it for many years, he has an intimate knowledge of the market and earns a good living from it. I already work with him on some of the projects as I sell him graphics. I have become a partner in his business. I put up half the capital to buy the used product and he guarantees I double my investment. I help a little with the marketing and of course the graphics. This is in it's very early stages but has the potential to bring in a steady income. He is limited to how many he can do a week which put a limit on the amount I can earn from it but more importantly puts a limit on the amount I invest each week thus limiting my losses if it should go pear shaped.
    This is a better business model than the previous two because I really don't have to be any where at any time. Earning potential 100 to 500 a week.

    Number 2 We have found a very good product that has very good earnings potential. We have found an importer of the product and the product is particularly suited to the west country. We have secured the rights to said product from Bristol down. Even the importer himself cannot sell the product in our territory. The product sells for between 750-2000. It will involve a certain amount of marketing but apart from that we will not have to do too much. As we sell them they will be shipped from the importer so there is no need for us to hold stock. Earning potential unknown at present until we have done a little more research but it could be significant. It is a great product and we are in the perfect area geographically.
    I have come up with a couple of ways to improve the product which could prove very profitable but means getting involved with large companies. We are talking to one such company at the moment but it is going to cost a lot of money for the tooling (250,000) They need to front that as they will be building the product but we have to convince them that there is a market. Our next meeting is in september when we will have to present our marketing plan. I am not relying on this panning out as it involves convincing others and they could just decide it is not for them. This is why I am also pursuing all the other avenues. If it does come off then all the other ideas will be redundant.

    Number 3. I have a friend who specialises in drop shipping. He builds websites that sell products but hold no stock as the orders are fulfilled by a fulfilment company. He takes care of marketing and customer service. It takes a bit of work to set up but once it is up and running it is less demanding. He has expressed an interest in a joint venture selling t-shirts online. He would do all the web design/marketing and customer service and I would design the t-shirts. We don't have to print the t-shirts as that is taken care of by the fulfilment company. Profit margins are small but volume could be high. This is still in the thinking about it stage so I have no idea about the earning potential but one of his companies in turning over 2000 a week and it is in it's first year.

    Exciting

    Paul
    PⒶUL

  10. #10
    Heavenly Creature Editor aman's Avatar
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    Originally Posted by FriedOnion
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    So would plumbing or locksmithing be too time consuming?
    Both require a lot of up front investment of both time and money but both have reasonable earning potential. Both may require you to be on call 24/7 and both are based around your specific skill so difficult to sell.

    paul
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  11. #11
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    Write a book and sell on Kindle? No publishers etc involved
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  12. #12
    Heavenly Creature Editor aman's Avatar
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    Good call. It is something that i always have in the back of my mind and I have about a dozen book summaries written. One day I will get around to completing one of them.

    There would be quite a lot of marketing to do if you self publish but you get out what you put in.

    paul
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  13. #13
    Sounds like you have quite a few irons in the fire there Paul. My experience of dropshipping is that it rarely is that worth while. I think the problem I have found is that the dropshippers tend to be also retailing there products as well so you are in effect competing with an importer or manufacturer. This may not be the case with the lines you are looking at though.

    Options 1 and 2 sound quite interesting. Option 1 in particular is interesting given that it the time required by yourself is minimal.

    I will pm you also.

    Thanks
    Doug

  14. #14
    Heavenly Creature Editor aman's Avatar
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    I have never really been interested in money to be honest which is probably why I have never got any. My sister is really interested in money and that is probably why she is a millionaire.

    However i have suddenly realised that I am not getting any younger and in 10 years time I will be no further forward than i am now unless I pull my finger out. This is going to be a temporary situation though as I have little desire to me a millionaire. my ambition is to earn enough money that I can engineer a lifestyle that needs very little money. I will then need a bit put aside as an emergency fund and something to bring in a small income.

    Interestingly Income stream number one listed above has got off to a flying start and I am earning good money from that already so things are looking good.

    I have set a goal to earn a certain amount extra by Christmas. I wont say how much that is because you never know who is reading this forum but I will let you know if I achieve it.

    paul
    PⒶUL

  15. #15
    Transcending PDCambs's Avatar
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    I've a brother in Phoenix USA, who's a marketing & sales guy, he's always looking for new ideas/products/inventions that he and a small group of friends, all with different skills, can invest in.

    He looks for businesses that will easily scale up. For instance, if you want to open a coffee shop that's great, but once you have the business plans and branding sorted, look to be opening 30 not just one. He says there are only so many hours in a work day, so make sure you're working on something big not just selling the coffee to customers, you can get staff for that.

    Like most though, I've never been so motivated by money. Yes, we work for just enough to keep going, but it's not our main raison d'etre. He's yet to become a millionaire himself, but in the last two years he's earned more than at 52 I have earned in my entire working life!

    Do you're designs lend themselves to stickers, the novelty Decal market is something I like the look of. Print thousand very cheaply, pop them in envelopes using a machine, then stick address labels onto the envelopes as the orders come in. Cheap to post and store, a simple but potentially profitable business. You keep designing new stickers while someone you employ labels and posts them.

  16. #16
    Heavenly Creature Editor aman's Avatar
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    I am usually working to a brief when designing so I do not have a set style of design. I think I could come up with commercially attractive designs but I wouldn't want to do the printing myself or the shipping. I would rather get a dropshipper to do that so I can just concentrate on the design side of things.

    I am always coming up with ways to earn extra money but they have always involved me being there. What I need to do now is come up with ways of earning money that doesn't require my presence. That will allow me to get on with other things like living.

    I have experienced a shift in the way I look at money over the last few weeks. I have realised they there is an "opportunity cost" to spending money. Once you have spent a 50 pound note it is gone and all future opportunity is lost. If I reinvest that 50 pounds then it will be worth 100 pounds in a weeks time and so on and so on. I have come to view individual notes as "money eggs" or "money seeds". You can eat the eggs or seeds now and have a temporary good time or you can plant the seeds ot hatch the eggs and have an everlasting good time.

    I have never looked at money in this way before. It is weird.

    Paul
    PⒶUL

  17. #17
    Ah found it! Moderator FriedOnion's Avatar
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    It's an age thing; I've recently come to a similar decision, I'm currently as poor as I have ever been but hope to be turning that around in a year or so, it will take time due to circumstances out of my control. But I've realised that I'm not getting any younger & have no pension plan or savings in place.

    I guess it's ok if I can continue to work till I die (aged 250 at least!) but if not I need to get something saved up, there's no guarantee that we can work as long as we want, either due to ill health or markets disappearing. I think as you say it's worthwhile getting some savings and also trying to cut down on outgoings.

  18. #18
    Chilling Out dustydave's Avatar
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    It seems to me that either something works, or it doesn't and if it works then demand goes out of control and so the reason for setting up the business, ie a laid back lifestyle sort of gets swamped. If it doesn't work then it just sort of bumbles along in a being busy but not making any money sort of a scene. Very tricky. I guess my only suggestion is to find an industry type that is high knowledge and just a bit layed back and then just work on the edge asking what is it that you can do to be 'useful' to the companies that are making the big profits. I mainly work with proffesors and Phd-ists (not a real word ;-), marketing their odd ball inventions or supplying them with odd bits that they need. It has worked well and usually my working day is finsihed by lunch time, having started at 9 ish. Obviously there are times when it goes a bit crazy and i have to bend to their stress.
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    FORM FROM THE VOID Danann's Avatar
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    Well I am a very simple type of person and Money to me is not everything but yes..we need some money to live etc but I can make small amount do and last me where I am both happy and living life, and have no qualifications or working skills etc etc ..But i do have great (seeing) sort of skills...Meaning if I see something plain and simple and (cheap) or even thrown out...My eyes see it and turn it into something else hahaha
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    )..
    For example ...I brough job lot of plain white tiles kitchen/bathroom 250 of them for the great price of 20...I then got tile paint (no glazing) needed, and stencil kit cheap for 10 of Amazon..Then I painted tiles different some with stencil but most my own designs ...I then went to bootfair and sold them and sold the lot in groups of 10...and Single too...I got 525 return less the 30 for tiles and paints etc so yes I had good profit....I use old bottles buy bulk cheap and paint them ..put candles in them with..fill with sands ..crystals etc ''plain white T shirts i brought and hippy them hahaha....white bowls..white cups mugs etc ..buy cheap bulk and hippy and glam them up ...

    So ..buying something cheap any white china great sellers ..paint them etc and hit boot fairs ..or sell online ...I usually do one massive batch and take my hippy and glam goodiez to bootfairs ..but big boot fairs ..and normally sell out between 1.or 2 boot fairs ..and then I make that good money last ..until i need to buy again ...i roughly earn 500/600 per boot fair hahaha...So buying or finding cheap stock or anything ..then re design it ..hippy or glam them up .. as BOTH the glam crystal and hippy designs are great sellers haha ''hit the boot fairs " or online is a good earner without massive cash lay out
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    ...I have a good eye or seeing what peeps like and want so i give them that at a cheap cost to me but earn good money too that keeps me happy and I always give some back too as,I believe if you take then you have to give back too ..as it is balance and so brings positive vibes into my life .and keeps me grounded and well balanced ..i do that ..by donating to good causes too..to local hospice or homeless shelter...buying trees to be planted in forests etc etc ...As i believe I have enough ...so to help others is good too ...as i am not greedy and to help is a act of purity and love
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    - - - Updated - - -

    Well I am a very simple type of person and Money to me is not everything but yes..we need some money to live etc but I can make small amount do and last me where I am both happy and living life, and have no qualifications or working skills etc etc ..But i do have great (seeing) sort of skills...Meaning if I see something plain and simple and (cheap) or even thrown out...My eyes see it and turn it into something else hahaha
    To view links or images in this forum your post count must be 1 or greater. You currently have 0 posts.
    )..
    For example ...I brough job lot of plain white tiles kitchen/bathroom 250 of them for the great price of 20...I then got tile paint (no glazing) needed, and stencil kit cheap for 10 of Amazon..Then I painted tiles different some with stencil but most my own designs ...I then went to bootfair and sold them and sold the lot in groups of 10...and Single too...I got 525 return less the 30 for tiles and paints etc so yes I had good profit....I use old bottles buy bulk cheap and paint them ..put candles in them with..fill with sands ..crystals etc ''plain white T shirts i brought and hippy them hahaha....white bowls..white cups mugs etc ..buy cheap bulk and hippy and glam them up ...

    So ..buying something cheap any white china great sellers ..paint them etc and hit boot fairs ..or sell online ...I usually do one massive batch and take my hippy and glam goodiez to bootfairs ..but big boot fairs ..and normally sell out between 1.or 2 boot fairs ..and then I make that good money last ..until i need to buy again ...i roughly earn 500/600 per boot fair hahaha...So buying or finding cheap stock or anything ..then re design it ..hippy or glam them up .. as BOTH the glam crystal and hippy designs are great sellers haha ''hit the boot fairs " or online is a good earner without massive cash lay out
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    ...

    I have a good eye or seeing what peeps like and want so i give them that at a cheap cost to me but earn good money too that keeps me happy and I always give some back too as,I believe if you take then you have to give back too ..as it is balance and so brings positive vibes into my life .and keeps me grounded and well balanced ..i do that ..by donating to good causes too..to local hospice or homeless shelter...buying trees to be planted in forests etc etc ...As i believe I have enough ...so to help others is good too ...as i am not greedy and to help is a act of purity and love
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  20. #20
    FORM FROM THE VOID Danann's Avatar
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    Sorry i do not know why my post is just sooo messed up and split?? It had problems edit??

  21. #21
    Transcending TYROS720's Avatar
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    Are you on a phone? Sometimes signal messes up and re-posts
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    FORM FROM THE VOID Danann's Avatar
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    Originally Posted by TYROS720
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    Are you on a phone? Sometimes signal messes up and re-posts
    Hahahahahaha No..it just is picking up my hippy bounce bounce thinking head vibes hahahaha
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    )) bounce bounce !!!!
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    ))

    As i do tend to bounce from one thought to another fast
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    )) haha
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  23. #23
    FORM FROM THE VOID Danann's Avatar
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    And that is why I say i am not driving gathering as going new places my eyes make my mind bounce from one thing to the next like ...look lovely trees then cows then forests then flowers..then clouds etc etc as my hippy music blasts too ..and then I end up LOST !!! Hahahahahaha
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    Ooops sorry...Off Topic
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    )
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  24. #24
    Heavenly Creature Editor aman's Avatar
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    Don't worry. There is a glitch in the software and you cannot edit posts if there are certain symbols in the post.

    The pound sign being one of them

    paul
    PⒶUL
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