There are hefty numbers of blog posts explaining for how to find ways to make extra money that can potentially upgrade their lifestyle. It might not be enough for a lifestyle change, but it’s surely enough to fill your gas tank for life or to have a nice family vacation every-now-and-then if you apply your skills consistently.
Well, you might be thinking how this applies to engineers? For today’s aspiring most successful entrepreneurs, exploring new creative skills increases your chances of launching a successful business or ever making money on the side. Here, four things to help you find a new route.
Some of the ways to make extra money
1. Find Your Passion
Benjamin Disraeli, a 19th century British Prime Minister, once said,
“Man is only great when he acts from passion.”
It’s amazing how you and I became disconnected from the things that shaped what we are now. Ask yourself, would you enjoy that activity now? For example, Frank Lloyd Wright, America’s greatest architect and who established the organic architect philosophy played with wooden blocks all through childhood and perhaps well past it.
Rob Levit, an Annapolis, Md.-based creativity expert, speaker, and business consultant says
“Research shows that there is much to be discovered in play, even as adults.”
I would suggest making a list of all things you used to enjoy the most as a kid. Check if you can generate income from those ideas. Revisit some of the activities, foods, and events of your childhood.
Levit suggests asking yourself these questions to get started:
- What can be translated and added to your life now?
- How can those past experiences shape your career choices or expand it now? For example, if you used to play piano, you definitely know how to tune fine and maintain it. Boom! That’s where you come into play by offering your service.
The knowledge you gathered over the years for something you are passionate about can be so helpful for someone who’s just looking for answers. Most people including myself prefer to pay a hefty amount of money for an ability or expertise we lack.
It’s plain simple, think of doing something you love and think if you can monetize your passion.
2. Be Creative
You don’t have to reinvent the wheel to be creative. Look up for people who made something you love, study them, I mean really study them, check what works and what don’t, try to look for a gap in their business model. Think of how you can bridge the gap, or create a better product or results.
Michael Michalko said
“The idea behind this is that when you surround yourself with images of your intention — who you want to become or what you want to create — your awareness and passion will grow,” Michalko is a creativity expert based in Rochester, New York., and Naples, Florida, and author of creativity books and tools, including ThinkPak (Ten Speed Press, 2006).
“The idea behind this is that when you surround yourself with images of your intention — who you want to become or what you want to create — your awareness and passion will grow.
Michalko is a creativity expert based in Rochester, New York., and Naples, Florida, and author of creativity books and tools, including ThinkPak (Ten Speed Press, 2006).
3. Everyone’s An Expert (At Something)
Yes, everyone is an expert at something. Well, you might argue with me that you aren’t, it’s just because you didn’t look deep enough inside yourself. Some people are great at working out, some are experts at what they do, and some are great soccer players. Ok, now you might think that I’m not good in this or that. I will give you the answer. Look back to what you love to do the most, learn more about it, practice and practice. I’m certain that in a short time you will be number one.
Seth Godin, an author, entrepreneur, marketer, and public speaker. Godin published a great ebook titled at
“Everyone’s an expert (at something) the search for meaning online.”
That explains for anyone who is looking for more online traffic, more revenue, more followers, etc. Although his book is about online company, you can learn how to use online techniques to be more exposed. Here is the free download.
4. Sell Your Idea
Selling your idea validate your market research. If they liked it, then you have a valid business, if someone weren’t satisfied with what your offering, ask them why, they might have great hints that you already overlooked. This is called market research. Explore, dive in, analyze and do better. Try to have a fully rounded product or solution.
Now what? Your next step is to determine the most appropriate contacts for this awesome new business opportunity. As a first step, I recommend you create a list of at least 50 prospective targets. As with any type of sales, the more prospects, the better. Also, note that a more focused list will bring you more effective results. On line databases can also be a great resource. Local public business libraries are often linked to database systems that allow you to search for companies in specific industries.
So now you might be wondering how this relates to engineers. Well, the majority of engineers are expert in disciplines most people or even other engineers lack. If you’re a software engineer, you might be good at coding but not that good at volume testing.
If you’re a civil engineer, you might be expert in structural design or finite element analysis but not so good in environmental engineering. Take advantage of that and try to offer your service as a freelancer, or even build a product, could be a simple spreadsheet, that is so valuable to others that may lack your knowledge and expertise or just looking for convenience.
If you’re a professional engineer (PE), You can offer third-party technical consultation, validate other engineer design and offer stamping. This could be a great way to generate a hefty additional income and will establish you as an authority. Engineers can offer training and teaching, helpful tools or design software that you are expert in. Small organizations or firms always look for talented experts to train their team away from the product source.
These are some of ways to make extra money for engineers. Some freelancing website even have separate sections for engineers.
You can read 5 steps to sell your idea at inc.com