I remembered watching one of Jack Neo movie, Money No Enough and its reminds me that Singaporean are always searching for ways in which they can earn an extra income in Singapore where everything is kind of expensive.
Private Car Drivers
If you are a private car owner, obviously, the easiest way to supplement your income is to become a part-time Grab or Go-Jek driver. ComfortDelGro, Go-Jek and Grab are aggressive hunting for drivers and that makes you in demand. If you owned a car, why not earn some extra money during your spare time to pay for your car loan.
Private Tutor
Singapore is a tuition nation. If you like to teach, then you have found the city most lucrative business. Your hourly rate which can be around SGD 60 to 100 will depend on whether you are giving tuition to Primary, Secondary or Junior College students. Some tutors teach by group which allow them to earn more. If you charge 300 per students, with four students, you can easily earn SGD 1200 per month.
Rent out a Room
If you are a home owner and got a spare room, why not rent it out for extra money. My friend with a family of four rent out a HDB room in Sembawang to a Malaysian couple working in Singapore and get a monthly income of $700.
For private apartment or condominium owners, you have the extra options of renting it out for short-term stay by joining AirBnB.
Parker Home
With the growing popularity of online shopping, a new service was created where Singaporean can use their home as a collection center for online shoppers. This is good for stay-at-home housewives who can earn some extra income from their own home by joining Park N Parcel.
Blogging
If you love writing, then create a free blog account at Blogger.com and start writing about something about your work life, personal life or topics which you have a passion on. Blogging is a long-term commitment and you should chose a subject you love writing about.
Free web traffics from the search engine might not come easy for new bloggers and it will take time to grow your online readers. Once you have enough daily unique traffics, you can join online ads agency like Adsense to earn online advertising money.
YouTube Creator
If you love creating videos, then you can make money from YouTube Partner Program. Start by creating a free YouTube channel account. Same as blogging, building free web traffics for your YouTube channel takes time.
However, you need to build an audience with 10,000 views before google allow you to serve ads on your YouTube channel. Once your view target is hit, you can then link your YouTube channel to your Adsense to start serving ads and make money.
YouTube Success Stories
Singaporean Youtube Stars Make Their Mark Online and Offline
The Business of Being a Youtuber
Selling Services
If you have specific skills like Graphics Design, Digital Marketing, Writing, Translation or Programming skills etc., you can sell your skills at platform such as Fiverr.
For those who dislike full-time employment, you may want to register yourself at this FreeLancer website.
Social Media Revenue
The popularity of free social media account like Instagram and Facebook have created a new revenue source for people who can gain a large followings. Businesses related to your topics will contact you and pay you when you are asked to promote their products or services. You can also be flooded with free products if you agreed to give them a good review. How much you are going to earn is between you and your sponsors.
There are a growing number people who have successfully launch their own products with their huge number of followers. It is possible to become a millionaire through the power of social media.
The Power of Social Media Success
Singapores Ministry Finance Pays Over 50 Instagram Users Promote Budget 2018
This Singaporean has over 56,000 Followers Hooked onto her Macabre Creations
Selling Online
If there are old unused items around your house, you can sell it away using the Carrousel platform for some additional cash. There are Singaporean who work at this full-time, they source for old items, refurbished them and then sell it at a higher price.
Besides selling old items, there are a growing number of Singaporean who know the Chinese language source for cheap items from TaoBao and then sell in Carrousel. You can also source from AliExpress or bulk purchase at Alibaba (transaction is done in USD) which is an English version of TaoBao but I still find that TaoBao product are cheaper as the purchase currency is RMB.
Once your ebusiness is successful, you can progress to the paid platform at Qoo10 or Lazada to increase your online sales. It make business sense to use these eCommerce platform as they have millions of ready online customers.
There are no charges when you list your products or services for sales at Qoo10. A seller fees will only be deducted after someone bought your listed item. Below is the rate which they charge at the time of my posting. You should check the latest Qoo10 seller rate at their website. However, take note that there is a One-Time Registration and Service Fees of SGD $100 for new seller.
Dividends Income From Stocks Investment
One of the way to earn long-term passive income is to invest in stocks that pay dividends. There is a risk element in stock investment and it is not for those who invest and cannot sleep at night. Quite a number of Singaporean who chose this path of earning extra income had become Millionaire Dividend Investor. If you are new to stock investment, you can learn alot by joining Investing Note which is an online social network forum for Singapore Investors.
Conclusion
Earning extra income in Singapore is possible if you are willing to think and put in the time and effort to provide a service or invest your time or money.
