Jun 5, 2013

How to Raise Money in Tough Times

The economy is in a pretty hard place for everyone at the moment. Each day, it can seem as if everything’s getting more expensive, while the amount of cash in your pocket just isn’t matching up to this change in lifestyle.

Rather than sitting back and doing nothing, it makes sense to tackle the problem head on by looking at clever ways to get more money coming in to beat the ailing economy.

Check out these top-tips for making extra money in harsh economic times.

Get work

The number one way to make money is to work for it. If you’re not in work at the moment, it can seem like a daunting time to look for a job, as you’ll feel like you’re competing against a lot of out of work people.

Make sure you have a great CV by spending time identifying what makes you a better employee than other people. This could be anything from your personality and attitude, to a specialist qualification that most people simply don’t have.

Then spend more time on the layout and format of your CV to make sure it’s clear, concise and really sells you as a professional. Try to keep your CV short to around two sides, so employers know at a glance what a great employee you would make.

Trade your things

One aspect of money-raising many people overlook is making the best use of what they actually own already. It’s much harder searching for new ways to make cash, rather than simply selling the things that you can do without.

Take a look at websites such as MusicMagpie, where you can sell your unwanted goods quickly, easily and totally free of charge. Be sure to have a look at the website here.                                   

All you need to do is fill out an online form to get an instant quote for your CDs, electronics, clothes and other consumer items. Then you can box them up and either mail them free of charge for remote payment, or drop them off into special shops for instant cash payment.

Start a business

Even scarier than looking for a job in trying economic times is the thought of starting a business. However, this can be one of the best times to launch a business, as long as you make sure you’re selling the right goods or services to the right client base.

With so many retailers now going out of business, there are opportunities to lease prime shop fronts and you can negotiate with the landlord to secure a good rent.

You’ll also find that businesses with lower start-up costs are more successful when consumer spending is low, so as a new business you won’t need as much cash to get your business trading in tough economic times.

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