Kylie Ofiu - 365 Ways to Make Money: Ideas for Quick $ Every Day of the Year

Kylie Ofiu

First published 2011 by Wrightbooks

an imprint of John Wiley & Sons Australia, Ltd

42 McDougall Street, Milton Qld 4064

Office also in Melbourne

Typeset in Berkeley LT 11.3/14.5 pt

Kylie Ofiu 2011

The moral rights of the author have been asserted

National Library of Australia Cataloguing-in-Publication data:

Author: Ofiu, Kylie, 1985-

Title: 365 ways to make money/Kylie Ofiu.

ISBN: 9780730376217 (pbk.)

Notes: Includes index.

Subjects: Small business Economic aspects Popular works.

Self-employed.

Dewey number: 338.642

All rights reserved. Except as permitted under the Australian Copyright Act 1968 (for example, a fair dealing for the purposes of study, research, criticism or review), no part of this book may be reproduced, stored in a retrieval system, communicated or transmitted in any form or by any means without prior written permission. All enquiries should be made to the publisher at the address above.

Cover design by Peter Reardon, Pipeline Design www.pipelinedesign.com.au

Cover images: iStockphoto/ Robyn Mackenzie; Korn, 2011. Used under license from Shutterstock.com.

Author photo: www.cheekychickenphotography.com.au.

Printed in China by Printplus Limited

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Disclaimer

The material in this publication is of the nature of general comment only, and does not represent professional advice. It is not intended to provide specific guidance for particular circumstances and it should not be relied on as the basis for any decision to take action or not take action on any matter which it covers. Readers should obtain professional advice where appropriate, before making any such decision. To the maximum extent permitted by law, the author and publisher disclaim all responsibility and liability to any person, arising directly or indirectly from any person taking or not taking action based upon the information in this publication.

About the author

As one of nine children, Kylie spent her childhood years in Tasmania and Canberra. Her father taught her about money from a young age and she has always had an interest in it. Doesnt everyone in some way or another?

Throughout her life, Kylie has done the usual things, such as get an education, get a job, get married, get a house and have a family. It was after her second child was born, however, that she become anxious about how she would go back to work with a young family. She came to realise that there had to be a better way to make more money and pay off the mortgage sooner. She wanted to enjoy her children and be at home for them and at the same time make money to help provide for them.

One day she decided to write a list of all the ways she could make money. She asked friends and family and wrote about it on her blog www.kylieofiu.com. She originally started with 101 ideas, but the list kept growing. Thats how this book was born.

She now lives in Sydney with her husband and two daughters doing what she loves.

How to use this book

You can read the ideas contained in this book from cover to cover if you like. Alternatively you can select chapters relevant to your needs and interests. This book is not just a long list of ideas. Each idea explains what it entails and there are symbols in place to help you know at a glance if the idea suits your needs, such as whether you can put an idea into practice from home, if you need qualifications or money to start and so on.

Following is the symbol system used in this book:

This house is placed next to ideas that you can action from home.

This graduation cap is placed next to ideas you may or defi nitely do need qualifi cations for.

This single dollar sign is placed next to ideas that have a start-up cost but it is under $200.

These dollar signs are placed next to ideas where you will need to spend money before you can make money.

This mouse symbol is placed next to ideas that you will need a computer for.

This rating is placed next to ideas that children (anyone under 18 years) could undertake.

This warning sign is placed under any idea that might be dangerous and caution should be taken.

These symbols make it easy to quickly narrow down ideas that suit you so you can create a shortlist of ideas that you would like to pursue. If an idea appears without a symbol, it means that the option has no restrictions or requirements and you can begin work as soon as you are ready.

Once you have decided on some ideas, research to see if there are any legalities involved with starting that idea in your area. Some areas may require you to register a business name and an ABN. You might also need council approval for any work you do in your home. Since every area is different, there is no specific advice in regards to council requirements and any legal stipulations. It is up to you to do that research.

The prices of what you may earn for each idea will vary from area to area, too, and it is up to you to do a price comparison for where you live and the demand for your service.

If you would like more information about these ideas or how to get them happening, visit my website www.kylieofiu.com.

Getting started

Getting started with your money-making endeavour neednt cost a lot. There are a few basic things you will need to do before anything else, but most of it can be done very cheaply. Here are some steps for getting started.

Create a proper business plan. Even if you dont end up sticking to the plan, you need to have one. A business plan usually contains the following elements:

Introduction. This describes what your business is about. It also outlines your mission statement and goals for the business.

Market research. This looks at the industry you are going into and how you fit within it.

Marketing plan. This outlines how you are going to advertise your business and get it out there.

Operational plan. This explains how you will set up your business; where it will operate from; regulations, protocol and so on; as well how you will manage your business.

Financial plan. This explains how you are going to fund your business and keep it profitable.