Searching for a very high income side hustle to make money? One that will get you paid super fast and in a hurry??
When it comes to entrepreneur business success, the key is to find the right niche producing very high income potential. It helps to have passion for what you do…you still need to operate in a business sector with high earning revenue potential to be successful. If your passion is not paying the bills maybe it’s time to explore other ways to make money, so that you can focus on your passion for enjoyment and not to depend on as a revenue source.
Side Hustles To Make Money
These are the hottest three simple, very high income producing side hustles that can make you money to start right now…with generally low startup!
# 1. Local Business Lead Generation
In marketing, lead generation is the initiation of consumer interest or inquiry into products or services of a business. Leads can be created for purposes such as list building, e-newsletter list acquisition or for sales leads. The methods for generating leads typically fall under the umbrella of advertising, but may also include non-paid sources such as organic search engine results or referrals from existing customers.
There are tons of local businesses right now in your area who need this particular service. You simply must understand how-to generate inbound business leads to service your clients. Generating leads for businesses is the first step of the sales process and quality leads turn into revenue.
# 2. Structured Settlement Broker
A structured settlement is a negotiated financial or insurance arrangement whereby a claimant agrees to resolve a personal injury tort claim by receiving some part of the settlement in the form of periodic payments on an agreed schedule, rather than as a lump sum. As part of the negotiations, a structured settlement can be offered by the defendant or demanded by the plaintiff. Ultimately both parties must agree on the terms of settlement.
Structured settlements were first utilized in Canada after a settlement for children affected by Thalidomide. Structured settlements are widely used in product liability or injury cases (such as the birth defects from Thalidomide). A structured settlement can be implemented to reduce legal and other costs by avoiding trial. Structured settlement cases became more popular in the United States during the 1970s as an alternative to lump sum settlements.
The increased popularity was due to several rulings by the U.S. Internal Revenue Service (IRS), an increase in personal injury awards, and higher interest rates. The IRS rulings stated that if certain requirements were met, claimants would owe no Federal income tax on the amounts received. Higher interest rates result in lower present values, hence lower cost of funding of future periodic payments. Structured settlements have become part of the statutory tort law of several common law countries including Australia, Canada, England and the United States. Structured settlements may include income tax and spendthrift requirements as well. Often the periodic payment will be funded through the purchase of one or more annuities, which generate the future payments. Structured settlement payments are sometimes called periodical payments and when incorporated into a trial judgment in New York, is called a “structured judgment”.
Structured settlement schedules can be rather complex. The Civil Division engages licensed structured settlement brokers to administer settlement payments according to their schedules. If you have any questions, please contact the Civil Division’s Torts Branch at 202-616-4400.
Structured Settlement Broker links:
- Annuity Broker Declaration
- List of Structured Settlement Brokers
- 28 CFR 50.24 (Annuity broker minimum qualifications)
- Final Rule (71 Fed. Reg. 11158-11160) Minimum Qualifications for Annuity Brokers in Connection With Structured Settlements Entered Into by the United States
- 28 U.S.C. Section 519 and Applicable Statutory Note
# 3. Property Rehab Finder
Real estate investors are always looking for good investment properties to buy and sale. If you have an understanding of how-to locate rehab properties that can purchased below value and fixed up to be sold at a higher profit margin this is an excellent side hustle business.
This is a very lucrative business model with lots of competition. So make sure that your service offering provides the real estate investor with a “problem solution” for locating the best rehab properties to standout in the crowd.
Good luck !