Tag Archives: social media specialist

Being Employee Versus Being Contractor

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Companies are finding it very difficult to maintain employees. Like it or not they are burdened with so many laws and regulations associated with having employees. From employers’ perspective, they are no longer employers only but they are tasked to be a “daddy” instead. They have to provide safe place to work. They have to pay for your health. They even have to pay you in the event you want to become a parent. There may be merits for providing benefits to the employees. But they surely cut into employers’ profits. So the employers opting out for hiring people as contractors rather than as employees.

As an independent contractor (IC), you contract to perform services for a company without having legal status as an employee. In essence, you are in business for yourself. Independent contracting has been used in highly specialized or technical fields, such as computer programming, engineering, and accounting. But ICs are being used in almost every field, from construction to marketing to nursing.

Be Ageless Forever

Independent contractors reap many rewards that regular wage earners may never experience. As an IC, When you're an IC, you're your own boss, with all of the risks and rewards that entails. You can choose how, when, and where to work, for as much or little time as you want. IC is able to work with more than one company provided there is not direct conflict. Interestingly, the amount of money they make is directly related to the quantity and quality of their work.

As an IC, you will be earning more than as an employee. According to the Wall Street Journal, ICs are usually paid 20% to 40% more per hour than employees performing the same work. That is because the firms don't have to pay Social Security taxes or unemployment compensation taxes, provide workers' compensation coverage, or provide employee benefits like health insurance and sick leave.

Being an IC, you will enjoy many tax benefits that are not available to employees. For example, no federal or state taxes are withheld from your paychecks. This means you can hold on to your hard-earned money longer before you have to turn it over to the IRS. It must be noted here that you need to pay estimated tax and you can’t underpay.

Be Ageless Forever

Furthermore, being an IC, you are eligible for business-related tax deductions that are not available to employees. ICs can also establish tax-advantaged retirement plans such as SEP-IRAs and Keogh Plans. This enables you to shelter a substantial amount of your income until you retire. Because of these tax benefits, ICs often pay less tax than employees who earn similar incomes.

There are major drawbacks for being an IC. If a company has no work, you will not get paid. So it is essential, that as an IC you will need to be associated with several firms. You are responsible for your own health insurance, retirement plans.

Some ICs have great difficulty getting their clients to pay on time or at all. When you're an IC, you bear the risk of loss from deadbeat clients. As an IC, be sure to address the payment of your services from the firm. You should also add penalty clause, if you are not paid in time. Many ICs contracted with government agencies can get paid as late as for 1 year.

Be Ageless Forever

Being an IC means you are in business for yourself. As an example, If you are getting paid $20/hr. as an employee, your company charges their client anywhere from $50 to $100 for your services. The point is that as an IC, you will be able to ask much as $75 an hour for your services.

As stated earlier, ICs were used in specialized fields but firms are opting for ICs in other areas such as administrative areas. As firms lack expertise and do not wish to employ a full time employee(s) for social media presence, this need can be fulfilled by ICs. For five hours per week of work a social media specialist, you can easily charge a firm $250 to $500 per month. As an IC, if you have contract with just 10 regular firms you are likely to earn $2500 to $5000 per month. That is not bad for only 50 hours per week- in most case; you will earn that without leaving your home.

Be Ageless Forever

If you are personal trainer, it is likely that you will be employed at $15 to $20 an hour. But as an IC, you could contract with many local health clubs at $10 to $20 more per class or person. If you are trainer in special areas such as- yoga, Zumba, Bollywood dancing, spinning bike- you are likely to get heft contracts.

Check out the areas that you may be able to become an IC.

 

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Boost Your Income

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For most people, their paycheck is less than their monthly expenses.  Often cutting back expenses may not be answer.  The logical solution is keeping expenses constant (or reduce, of possible) but increase income.

According to a recent study by the Federal Reserve, men were less likely to earn raises after age 45.  It does not matter what your age or gender, taking financial future into your own hands. The strategy is to increase your monthly income.  The extra earnings need to be used for paying off credit card debt or putting a little extra in savings.  Whether you are 16 or 70, here is how you can make little more money each month.

Taking Pictures

How difficult is that? Not very difficult, especially if you have a smartphone.
There are various apps you can download.  You down load the app. (Most of them are free.)  You sign up for an account.  You take a quality photo (even videos).  You upload photo to the app’s marketplace.  You upload photo to Foap’s marketplace. Someone buys the license to your photo for $10. You make $5.  If your photo sells twenty times, you make $5 each time and end up with $100 in your pocket, all for about 5 minutes of work.  Of course, as you get good at it your earning potential will increase.

You may want to consider taking pictures at special events such as graduation, receptions, and office parties. Most people can’t afford to hire professional photographers.  There is your market.

Get Paid Taking Photos

Home-Cooked Meals and Treats    

Many young folks do not have time to cook but they crave for home cooked meals.  You could make great money selling home-cooked meals and baked goods.  There is demand for specialty or ethnic foods.  Of course, people can pick up food from restaurant, but nothing like home -made food.  In addition, home- made food offers good and healthy quality.

Cleaning Homes

Not very appealing perhaps, but cleaning homes can be financially rewarding.  Most people do not have time or do not like to clean, but they are willing to pay for it. If you live in an area where there are townhouses or single family homes, you easily earn about $150 to $200 per house.

Make Money Driving

Really, can’t get any easier way to make money than driving folks around.  You will need to have a driver’s license to make money driving passengers through Uber and Lyft.
Beware, initially you will go through detailed application process, so your car has to be a certain age and your license has to be up to date. If you qualify, you could fit shifts around other commitments and make excellent money, especially on busy weekend nights. One Uber driver turns her car into a salesroom for her beauty products claiming to make six-figure income.

Taking Surveys

There are a number of websites that will pay you to listen to the radio, read advertiser’s emails and take surveys. Be sure to investigate the companies before you join them. You may want to check Inbox Dollars. It’s free to join Inbox Dollars and best of all; they give you $5 just for signing up. They’ll even pay you up to $120/year just to listen to their radio station.

Earn Cash Taking Surveys

Writing Slogans

Don’t think slogans are only meant for politics. Companies sometimes need new corporate taglines, advertising slogans and jingles. Bumper sticker and greeting card makers want cute, endearing or funny thoughts to put on their products. When businesses need help, they sometimes collect submissions from freelance writers or run contests that anyone can enter — including you!

If you can sum up a product in a sentence or think of something funny or make a point in few concise words, you might be able to make money writing slogans.

Earn Writing Slogans

Social Media Specialist

If you know social media such as Facebook, LinkedIn, Twitter, etc. you have potential to earn extra. There is huge potential here.  Look for small business entities in your area as they may not have social media presence.  You can offer to manage their social media activities.  They will be thrilled, especially if their business enhances.  You can charge as little as $100 per month.  If you manage to get just 10 accounts, you will be adding $1000 per month to your monthly earnings.

Make Money As Social Media Specialist

I hope I have made it clear that you definitely aren’t limited by age or experience when it comes to boosting your monthly income. Furthermore, many opportunities can be done from your home without affecting your daily obligations. However, you will need strong will to make it happen.

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Earnings Empower You


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