9 Ways to Raise Cash Quickly
It's important to know what you can do to quickly raise cash when you have unexpected expenses, emergency situations or other needs that require funds. Although cash may not be the solution to all your problems, it can be a tool to help get you back on track when your finances are in a bind. Here are 9 creative ways to raise cash quickly to help you get on the right financial path.
1. Promote your services or products
Consider taking advantage of your current skills and resources by selling services or products. If you already have a business, you can take the opportunity to market yourself more fiercely,building more relationships with people you know and exploring deals with potential new customers. You can also reach out to your friends and colleagues to find out if they need help with anything from home improvement projects to social media marketing.
2. Sell items you don’t need
Do you have clothes, furniture or other items that you no longer need or use? Selling unwanted items for a small profit can help you quickly raise enough cash to cover your expenses. You can try selling your items in person through a garage sale, or you can sell them online through websites or apps such as eBay, Poshmark, and Mercari.
3. Take up online surveys and focus groups
Companies and organizations are always looking for people to fill out online surveys or participate in focus groups. These opportunities will not only keep you busy and potentially make some extra cash, but also provide you with more information about your potential customers. You can search for survey and focus group opportunities on websites such as Survey Junkie and FocusGroup.com.
4. Utilize a side-gig
You don’t have to take on a second job to raise cash quickly. With the many different platforms available online, like Airbnb, Uber, Lyft, Postmates, TaskRabbit and Rover, you can do a wide variety of gigs to make extra money. You’ll be surprised how much you can make in just a few hours.
5. Get a part-time job
If you don’t want to commit to a full-time job, there are plenty of part-time jobs online or within your community that you can take on. If you have a certain skill set, you can also find freelancing opportunities as a virtual assistant, web developer or writer.
6. Take out a loan
One of the most common ways to get cash quickly is to take out a loan. You can choose from a variety of loan options such as personal loans, payday loans, car title loans, credit card cash advances and home equity loans. Just make sure you are aware of the terms and conditions of each loan before signing anything.
7. Cut expenses
Taking the time to look at your finances and figure out where you can cut back on spending is a great way to start raising cash quickly. Look over your budget and identify any unnecessary expenses you can eliminate, such as subscription services, eating out and entertainment. You may also want to look into consolidating any existing debts you may have.
8. Ask family and friends
If you need cash quickly, your family and friends may be able to help. Not only will you be able to get the money faster, but you may also be able to get it interest-free. If you are able to, make sure to repay the loan as quickly as possible.
9. Crowdfund with social media
Social media platforms such as GoFundMe and Facebook have made crowdfunding easier than ever. You just need to create a page or account on the platform and promote your campaign by reaching out to your network of friends, family and colleagues. Just make sure to clearly state why you are raising money and be prepared for some donations to come in late or not at all.
FAQ
Q: Are there any quick and safe ways to raise money?
A: Yes, there are many creative ways to quickly raise cash. Some ideas include promoting services or products, selling unwanted items, taking up online surveys or focus groups, utilizing a side-g
