10 Interesting Ways To Make More Money as a Software Developer
Software Developer is undoubtedly one of the most demanding skills and with this skill, the person can earn pretty good salaries while working in bigger MNCs like Cognizant, Sapient, Adobe, and much more and then, plan for early retirement without any hesitations. However, these fantastic people keep on looking for some other ways which help them dive head-first into a sphere of solopreneurship with the only purpose of earning extra cash and spending the same with the reasons varying from one developer to the other. One of the prime reasons is supplementing their full-time salaries to free themselves from the worries of losing their jobs.
Are you planning to enhance your current skills and wear the ornaments of key role objectives included in the Software Developer’s profile? Or, is there some other field like sales, marketing, or recruitment which is driving you crazy day by day!! If the situation is like this, then there are few ideas which can make you rich for sure within a shorter period. And you need not leave your current job for pursuing any of them in the form of side hustles. Let’s take a look at the below-mentioned ways to help you earn extra dollars as a Software Developer.
1. Building and Selling the Digital Products
Building and Selling the Digital Products that your customers like the most can scale your businesses quickly in comparison with PHYSICAL PRODUCTS. The reason which a SOFTWARE DEVELOPER or any other guy will understand? There are 3.78 billion users (as per the research of Oberlo.com) who use online resources like websites, social media channels to look for the products as well as the services they need as soon as possible!! And the number 3.78 holds a percentage of approximately 57 of the global population. Moreover, selling digital products like the amazing photographs clicked by you of nature, music of different genres which an AVERAGE customer may like while listening to the same through headphones, is a real-smart move. All those products, if created and sold by you DIGITALLY, will entertain low shipping costs at lesser OVERHEADS with extremely HIGHER PROFIT-MARGINS. And also, being a SOFTWARE DEVELOPER, you will understand and analyze in real-time how these digital products attract your target customers through their UNIQUENESS.
2. Blogging / Content Writing
Blogging will let you write about the things either related to SOFTWARE DEVELOPMENT or cosmetic remedies healing a wider section of your audience. Believe it or NOT, informing people through Blogging or Content Writing will promisingly offer a helping hand while carrying forward your passion for Development or any other field-of-business like ENTERTAINMENT, ADVENTURE that you may fail to pursue while doing a 9-to-5 job. Indeed, many organizations have adopted this way of doing business and are successful in this pandemic era. GeeksforGeeks, one of the reputed portals of Computer Science, is helping a lot of Geeks across the world to make them aware of the current technological advancements like Artificial Intelligence, Machine Learning, Java, CSS, and much more. And the recent GOOD NEWS released by the GEEK-ORIENTED portal – GeeksforGeeks Elite Batch!! In this, the selected candidates will be trained on tech or non-tech skills intensively for 6 months tied to MONTHLY STIPEND, PLACEMENT ASSISTANCE, and NO FEE Ever…..!!
Freelancing is all about Connecting with multiple clients with a sole purpose – START WORKING for them for better paychecks. Here, arises the biggest CHALLENGE and it is finding the quality clients which have the capability of identifying trending and creative projects. Those projects may either be related to technology (like developing an application through Java, Angular JS, or any other language from the SCRATCH) or FAN-ANIMATED MUSIC creation. Indeed, there are many unknown PROS and CONS of freelancing but you can convert your existing CONS -> PROS by choosing the workload as per your ability. You can, again and again, work on the tasks which you really don’t like or choose those projects promisingly offering you a choice of freedom from mental and emotional stress. After you make a wiser choice, getting paychecks of 1500 or 2750 US Dollars for a few months of work won’t become challenging. Rather, a choice of BECOMING A BOSS or building global connections which invite a better lifestyle will respond favorably by removing the concept of MONOTONY permanently from your lives thereby inviting luxury and comfort.
4. Becoming an Online Teacher / Instructor
One – O – One Mentorship is an EXCELLENT traditional approach. In this, a senior who is experienced with the ins and outs of mentoring models such as functional, group, or mosaic comes forward and guides a younger person for encouragement and support. Thinking if such mentorships are possible when you connect accessibly with a younger person via Computer, Laptop, or Smartphone!! Yes, through Online Coaching Sessions on topics related to software development or psychology, the possibility of offering such an amazing mentorship by either becoming a TEACHER/ONLINE INSTRUCTOR for shaping the careers and minds of your audience (which are obviously your students) increases. Is your mind troubling you with payouts offered? As per ZipRecruiter’s analysis, a majority of people submitting their tokens of love in One – O – One Mentorships are annually paid from 26,000 USD to $52,000. What else is now required to convince you (even if you are working as a Developer for TCS, Wipro, or HCL) for submitting your token of love for successfully starting your own mentorship program which may invite prosperity, peace, and extra money without any compromises?
5. Creating Your Own Applications that support In-App Purchases
Developing and Deploying applications that support In-App Purchases will let you access the power of greater customer loyalty for your applications and also, ease of payments. Thinking how this will come into action sensibly!! After your applications are deployed with the support of In-App Purchases, users will access many of its basic services and features for FREE. But hold on, those known as advanced features would be chargeable as this is essential from a business perspective. Keeping this in mind, it would be a wiser decision to start creating your own applications through various software development tools like Java, Python, or any other that may either be helping people meditate, cook, or learn more about the practical implications of the technological advancements like AI, Big Data, and Machine Learning. And who knows you will become another BUSINESS OWNER whose organization is helping a lot of community members (in which students, housewives, and corporate people are present) get the life-changing benefits from those applications reinforcing FREMIUM (i.e. FREE + PREMIUM) takeaways through their actions.
6. Affiliate Marketing
Affiliate Marketing is a form of Online Advertising. With this, it has become much easier to help other people monetize their services and you can do this by becoming an affiliate. Whether you are working for a tech company, in which your key role is to develop the apps or assure the quality of those apps, or some other company whose prime objective is to make people aware of the subsidiaries, there is no harm in earning a commission just by marketing another person’s products online. Undoubtedly, the commission which you will be earning may range from 4.5 to 10 percent (this is the percentage of FIXED COMMISSION INCOME RATES for Amazon’s Affiliates) depending upon the product affiliated with you. Through this type of marketing, you may expect legit income sources/sources reliably and profitably that can make you rich within a span of 5 to 10 years (the time will reduce if you are enrolled in multiple affiliate programs of different companies). But the only condition is that you maintain the pace of your PATIENCE and if you do so, AFFILIATE MARKETING will be wishing GOOD LUCK to you for making you richer than others in the long- run.
7. Bug Bounty Programs
Bug Bounty Programs are like deals with many organizations. Moreover, such programs can be related well with the profile of a SOFTWARE DEVELOPER as the concerned person working online for resolving the software bugs after they are discovered will be paid with variable payouts like $400-$1750 (HackerOne, which is a powerful community of hackers has paid up to $3,600 for fixing critical vulnerabilities or bugs). Also, the prime purpose of these programs released by organizations on a yearly or quarterly basis is to resolve the bugs before the public identifies and complains. Such programs are always ADVANTAGEOUS for the public as well as the organizations in terms of reputation, excellence, and ROI. So, if you still feel that your profile as a Software Developer won’t pay that much as compared to these readily available Bounty programs, what you ought to do is take a step ahead for preparing your minds to participate in any of them and get yourself recognized on a global level.
8. Open-Source Projects / Sponsorships
Sponsorship is A CONVENTIONAL APPROACH that many organizations follow in which they are committed to offering their resources like MONEY, TOOLS, etcetera to the person they have hired online/offline in exchange for certain promotional advantages. Planning to Get yourself paid with sponsorships!! Yes, for doing promotions for/on YouTube, Facebook (you may expect around 500 USD to 1000 USD on a monthly basis from your sponsored posts according to fitsmallbusiness.com), or Instagram, you won’t only build stronger business relationships but also gain valuable insights regarding how one can GENERATE QUALIFIED LEADS from the sources available online? So, if you are feeling that the time has NOW COME to foster your individual positive reputation in the current market without the need of struggling at CAFEs, FAST-FOOD RESTAURANTS, or MALLS just to making them aware of the potential of your work, then you must start swinging with the social convenience offered by sponsorships to enrich you financially and mentally.
On the other side, Open-Source Projects let anybody modify your PROJECTS whose source code is distributed in a freely available manner. And you may expect support from your audience (comprising of developers, students, housewives, or other corporate individuals) in abundance. Curious to know whether the content available on open-source projects is exclusive!! Yes, without any doubt, the content available will be trustworthy, worth examining, and exclusively fulfilling your professional or personal requirements. What you should be doing now, if you are a software developer or marketer, is to have a word with the employer regarding the financially obliged responsibilities you will be carrying forward for the duration you are working on the open-source projects so that you may get paid well as per your talent and hard work?
9. Create an Ebook or Course
Writing an e-book or creating a course are not bound to predefined rules of writing that you need to adhere to. Interested in fiction, academics, or classics!! Then, you better pursue this passion of yours forward through e-books and courses benefitting your audience with its shareable content, everywhere accessibility, and last but not the least – READ ALOUD FEATURE. According to Author Earnings, more than 4000 people are earning $10,000 yearly or even better at AMAZON through electronic books that aren’t only lightweight but PORTABLE too. Comparatively, courses curated online will let you profitably earn 6 or a seven-figure income as the e-learning market may exceed $300 Billion by the year 2025 (as per learnworlds.com). So, if you are the ones still thinking that it is a wiser choice to keep working for an organization paying you less than your hard work and talent, then opting for e-book creation or getting paid for your profitable online courses accessible by individuals or corporations will benefit you for sure in terms of more income and lesser side-hustles.
10. Participation in Coding Challenges
Filling your empty pockets through participation in Coding Challenges is FAVOURABLE and VALUABLE both. The reason is that over 10 Lakh people participate in them (the number may increase or decrease subject to CONDITIONS) for the sake of analyzing their competitiveness while writing codes either of Java, C++, Angular JS, CSS, or any other language. Many platforms like HackerRank, GeeksforGeeks, etc. conduct such coding challenges and let the participants take goodies, cash prizes, and other rewards at their homes without any biasedness. With these challenges, you will become a more ATTRACTIVE ASSET TO THE CORE TECH-COMPANIES since your problem-solving skills are now enhanced through the ability (showcased by you) of delivering result-oriented coding solutions under high pressure. ERGO, gear yourselves up for better self-assessment of your problem-skills via CODING CHALLENGES whose after-effects can pay you cash prizes and other rewards like GOODIES.