If you have just received a severance package or have decided on your own to pursue another position, you may want to supplement your income until you land your next job.
It's actually not difficult to do this, but you want to be aware of how you use your time, making sure you can invest the time your career change deserves. This is important because you don't want to get so focused on your new projects and temporary income streams that your primary job search suffers.
With that said, here are 7 avenues for generating additional income:
1. Management Consulting - jobs in management consulting (according to the Bureau of Labor Statistics) have DOUBLED over the last 10 years. If you are experienced in your niche, this can make exceptional additional income! Guru and Elance are great sites for getting the word out and giving you the ability to instantly bid on projects.
2. Higher Ed Adjunct Teaching - teach part-time in your area of expertise and get paid for it! Adjunct teaching is increasingly popular with state and local colleges as they do not have to cover benefits.
3. Ebay/Craiglist - the business you can do using these mediums is pretty phenomenal. I know many people who generate significant passive income off these sites.
4. Interim Executives - many companies are looking for interim executives for various reasons. Most of the largest recruitment firms in the U.S. including Heidrick and Struggles, Russell Reynolds, Spencer Stuart and Spherion now have specialized practice areas for interim executive placement.
5. Corporate Project Assignments - gear a version of your resume toward project assignments, highlighting the key skills/strengths you are really experienced in. This strategy appeals to companies (even for some full time positions) because these positions don't require automatic long-term commitments, benefit packages and contracting projects can generally meet many corporate challenges at significant savings to them. The benefits to you are clear including getting your foot in the door for more permanent work and giving you a chance to see if you and said company are a fit!
6. Register With Your Local Temporary Agency - employers hire mid-level professionals for project assignments through temp firms.
7. Earn Income From Your Hobby - a few things I have seen people do in the past includes selling fresh baked bread or veggies at their local farmers market, dog boarding, day care, ghostwriting, graphic design, selling antiques, equestrian lessons and photography.
Would you like to learn how to quickly and easily get more interviews, shorten your job search and increase your salary? Check out my website: maryelizabethbradford.com maryelizabethbradford.com, for free articles, free resources and to sign up for my free audio mini-seminar "5 Simple Steps To Find, Focus On and WIN Your Dream Job - Starting Today!" Career marketing expert and nationally certified advanced resume writer Mary Elizabeth Bradford is "The Career Artisan."
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