How to earn money online
Earning money has typically been associated with and restricted to traditional ‘offline’ route. With the Internet taking over a large part of our lives, more people are looking to ways to earn money online to increase their financial inflows, with secondary income streams.
You should be mindful of the platform that you choose. While there are numerous ways to earn money online, some of these might be fake. Also, do not expect to earn a huge amount quickly when using online avenues to earn money.
With a situation involving more time at home and/or more free time in general, maybe fewer working hours for some, some of you might have some free time on hands. Here are online platforms, websites and tools that can help you earn money online.
Freelancing has always been a popular way to earn money online and the Internet has several options. There are several websites offering freelance tasks for people with varying skills. All you need to do is to create an account, browse through the listings, and apply for the task that suits you. Some websites may even require you to create a personal listing with the details of your skillset, so that interested clients can contact you directly. Outfiverr.com, upwork.com, freelancer.com, and worknhire.com are some websites that provide freelance jobs. You can earn anywhere between $5 and $100 through these websites.
But remember, you will only get paid once you successfully complete the given task and it has been approved by your client. This may even mean revising the work several times unless the requirements of your clients are met. Some sites may ask you to set up a PayPal account, as most clients prefer to make payments digitally via it.
2. Starting your own website
There is enough material available online to help you put together a website. This includes choosing the domain, templates, layout and the overall design for your website. Once ready to service the visitors with the relevant content, sign up for Google Adsense, which when appear on your website and clicked on by visitors, help you make money. The more traffic you get on your website, the more will be the potential for higher earnings.
3. Affiliate marketing
Once your website is up and running, you could opt for affiliate marketing by allowing companies to insert web links on to your site. This is like a symbiotic partnership. When visitors to your site buy products or services by clicking on such links, you earn out from it.
4. Surveys, searches and reviews
There are various websites offering money to undergo online surveys, carry out online searches, and write reviews on products. To get the credit, one needs to disclose certain information to them including one’s banking details. This is why you should use this route with utmost care. Some of them may even ask you to register with them before working on projects. The most important watch out in such projects is to stay away from websites offer ..
5. Virtual assistantship
Doing all the corporate stuff from one’s home is what a virtual assistant (VA) does. VAs basically work remotely with their clients and manage the aspects of their business that they are too busy to handle themselves. When you work as a virtual assistant, you can choose to work as an employee or you can set up your own business.
VAs are skilled, home-based professionals that offer companies, businesses, and entrepreneurs administrative support. Some of the major areas of work includes making phone calls, email correspondence, Internet research, data entry, scheduling appointments, editing, writing, book keeping, marketing, blog management, proofreading, project management, graphic design, tech support, customer service, event planning, and social media management.
Becoming a VA may require some degree of training or briefing, depending on your qualifications. However, if you possess good communication skills and are capable of using applications like MS Office, you can just sign up on sites such as Elance.com, 24/7 Virtual Assistant, Assistant Match, eaHelp, Freelancer, FlexJobs, People Per Hour, Uassist.Me, Upwork, VaVa Virtual Assistants, Virtual Staff Finder, Worldwide 101, Ziptask, Zirtual and so on.
6. Language translating
Knowing a language other than English may even help you earn some extra money. There are several websites that offer translation projects that require translating a document from one language into another. This may include Spanish, French, Arab, German, or any other language to or from English.
For many, this can make the task rather time-consuming and therefore they hire translators available online from anywhere across the globe. Several websites such as Freelancer.in, Fiverr.com, worknhire.com or Upwork.com offers you a platform to be a professional translator.
Those who do not have the knowledge or the time to complete their projects on their own, put up their work on these platforms where you can register and start bidding on translation jobs and get paid in the range of Rs 1-Rs 5 per word. This can go up to Rs 10 for some languages.
7. Online tutoring
If you are an expert in a particular subject, you can earn by tutoring people online. Online tutoring provides a means to connect online with students of all ages, across the country to provide homework help and tutoring in the subjects for which you have demonstrated expertise.
One may sign up on websites like Vedantu.com, MyPrivateTutor.com, BharatTutors.com, tutorindia.net as an online tutor by creating a profile, and listing the subjects or classes you want to teach, how much experience you have, what your qualifications are, etc. Some of the platforms may offer flexible and convenient time to work as an online tutor.
Most platforms follow this process- they ask you to apply by filling a simple form, after which a teaching demo will have to given their experts. Once selected, documentation and profile creation will be done, followed by training and induction webinar. Once you attend the webinar, you will be listed as a teacher and will get your online sessions to conduct. Beginners can make around Rs 200 per hour, which can go up to Rs 500 as you gain experience and expertise.
8. Social media management, strategy
In addition to interacting with friends and strangers, social networking platforms like Facebook, Twitter, Instagram, and Snapchat can be used to make money. Companies and brands pay social media strategists to further boost the popularity of their products. With lots of competition around and the constantly shortening of attention time of online viewers, creativity is essential to create posts, videos etc that can go viral quickly and enhance the brand value. Remember, social media needs dedicated time and energy to stay relevant. Hence, you need to share posts regularly and interact with your followers on a regular basis.
9. Web designing
Not all business owners are tech savvy but the need of the hour is to have a website of their own. Those who have a knack for all- things- tech, especially related to websites, can help small businesses set up their own websites and earn from it. Coding and web designing are the essential ingredients in setting up websites. Further, websites need maintenance and may require frequent updates, which may add to one’s revenue.
10. Content writing
Online platforms can be a good starting point. Depending on the quality of the articles, one gets paid. One may be asked to work upon articles with specific guidelines as well. Develop a niche in your area of expertise and build strength in that domain to increase the revenue stream.
It starts with a hobby, interest, and passion and soon blogging becomes a career option for many bloggers. There are a number of full-time bloggers. There are two ways to start a blog: you can either create a blog through WordPress or Tumblr, which requires no investment, or go for a self-hosted blog.
In case of the latter, you will have to invest in and spend money on domain name and server hosting space that can cost you between Rs 3,000-Rs 5,000 a year. Self-hosted blogs have an added advantage that it allows you to customise elements and functionality of your website. In case of the former, you need to make peace with the tools and plug-ins made available by the service provider.
You may monetise the blogs through ads, product reviews, and so on. But remember, earning through blogging may also take a lot of time and effort. For some, it may take as long as year to actually earn through blogging.
If you are not comfortable in penning down your thoughts through blogs and content writing, make use of your camera to create a video presentation. Create your YouTube channel, upload videos and start monetising them. Choose a category or subject that you want to make videos on and get started, but make sure it’s a topic that will interest a lot of people.
Everything from cooking shows to political debates can find many takers on YouTube. You have to create a YouTube channel, which works on a similar model as a blog. As you make your channel popular and the number of subscribers grows, so will your earning potential. The payment one gets is based on every thousand views.
13. Kindle eBook
If writing books interests you, one option you can exercise is self-publish eBooks and paperbacks with Kindle Direct Publishing, and reach millions of readers on Amazon. Publishing takes less than 5 minutes and your book appears on Kindle stores worldwide within 24-48 hours. One can earn up to 70 percent royalty on sales to customers in the US, Canada, UK, Germany, India, France, Italy, Spain, Japan, Brazil, Mexico, Australia, and so on. One can keep control of one’s rights and set their own list prices and also make changes to one’s books at any time. BooksFundr and Pblishing.com are two other places to get your book published and earn money.
14. Selling your products online
If you want to sell products online, you may can it by creating your own website. As there’s lot of competition and several existing websites in place already catering to this market, an attempt to create a niche in terms of products may be considered. Or, you can use the platform such as Amazon, Flipkart to sell. One can increase reach and visibility through affiliate marketing.
15. PTC sites
Several websites offer money (after a minimum level of earning) by clicking on advertisements. Hence, they are called paid-to-click (PTC) sites. One has to get registered before the project begins. Not all of these sites could be genuine, so be careful. One may also refer friends and earn money in the process. Some such sites are ClixSense.com , BuxP and NeoBux are some of such PTC sites.
16. Peer to peer
Similar to e-commerce websites such as Amazon and OLX, a peer-to-peer (P2P) platform is a marketplace for money lending activities. You can lend money to others in a more organised and structured manner using the P2P lending platform. The P2P platforms have the recovery process in place and one should understand it before using the services of the platform. Since this is an unsecured loan where there is no face-to-face interaction, a P2P lender needs to be aware of the risks involved.
17. Data entry
Although this line of work is seriously threatened by automation, there are still plenty of data entry jobs available in India. It is one the simplest jobs you can do online, and requires no special skills. You just have to have a computer, Internet connection, fast typing skills, and the ability to pay attention to details. Most freelancing websites list these jobs, and you can sign up on any of them to start earning in the range of Rs 300 to Rs 1,500 per hour.
Sell Your Photos
Do you have photo skills or live in an area where images are in demand? “Stock photography websites are huge repositories of photographs, covering almost every possible subject you could imagine,” advises International Living. So how does it work? Photographers can upload their images to any one of a number of huge databases, allowing magazine editors, designers or any organization with a website to buy them. And the beauty of stock websites: Photos can be sold any number of times—so you can continue to make money without any effort. Photography sites to check out include Shutterstock, Photoshelter and Getty Images.
Create How-To Videos
“In recent years, YouTube has grown into the go-to source for all manner of video courses and guides,” says International Living. “Instructors can monetize their videos by charging a subscription fee or password protecting content for paying customers only.” This article shares some tips from one real estate agent who made $100,000 in one month on YouTube. Another piece of advice from International Living: Get to know the phrases that people search for. To find potential search phrases, start typing “how to [your topic]” into YouTube’s search bar and notice what phrases are generated in the auto-fill dropdown. Make sure to use the same keywords when you write your video title, description, and tags.
“If you’re a native English speaker, you may not realize it, but you already have the number one qualification you need for a fun, portable income that can hand you a steady paycheck from anywhere in the world,” says International Living. Some resources include GoOverseas.com, TeachAway (teach English online to Chinese students), iTutorGroup (teach English online to Taiwanese children and adults) and English Hunt (teach English on the phone to adult students in Korea)
Turn Your Interests Into a Podcast That Pays
“Podcasting doesn’t have to be complicated,” says International Living. With a microphone, laptop and free recording software, you’ll be up and running. Plus, podcasts don’t need to run every day (once a week is best) and are better when they’re short. There are a number of ways to make money from a podcast. The most obvious is commercial sponsorship, but you can also use it as a platform to advertise your own products or services. NPR has a great guide to launching a podcast here.
Set up a Content and Web Development Business
Do you know how to do web and content development? You can offer these services to anyone via online tools that make developing beautiful websites a snap. Some resources include WordPress, Weebly and Joomla.
Become a Translator and Interpreter
Do you speak another language? Anywhere you find expat communities—and where English is not the first language—you’ll find a need for interpreting and translation services. You can also do translation and interpretation online. You’ll find a number of resources for being a translator or an interpreter; one of the best is Welocalize, which ranked at the top of this list of the top 20 companies for remote jobs in 2020.
Have you heard of drop-shipping? It’s a method of retail where the seller doesn’t actually have a physical inventory. Instead, when a customer makes an order, you purchase the item from a third party, and they ship it directly to the customer. “This means you’ll never have to fork over a single dime to store your products or maintain your inventory,” advises International Living. “And you’ll never have to buy products in bulk, hoping to sell enough to recoup your investment.” This method can be done with online selling platforms like eBay or Amazon. You can find out more about drop-shipping in this helpful article from Shopify.
Type for Cash
Are you a fast typist? Transcribing is simple: Listen to an audio file through headphones and type it out. “As a transcriber, your pay is directly related to how fast you type,” advises International Living. “Transcription jobs are paid by the audio hour (the length of the audio file), rather than by the hour worked. The time spent on a transcript is influenced by the audio quality, background noise, the accent of the speaker and the speed at which people speak.” The average transcriber—typing between 75 and 100 words per minute—will complete one audio hour in four hours worked. Consider the company Rev.com, which hires freelance transcribers.
Set up an Online Course
Or go beyond writing an e-book and create a whole online course with tutorials, PDF downloads and videos. It’s a great way to create passive income because people will pay for the info and can go at their own pace or post questions related to the course in a dedicated group. Here’s one resource for creating and selling online courses: LearnWorlds, which makes it possible for anyone to profit from their knowledge and experience by creating an online program.
Become an Audiobook Narrator
“Audiobooks are an increasingly popular form of entertainment. The convenience factor of smartphones has led to an industry boom,” advises International Living. “That’s creating a demand for freelance narrators.” This site has advice on learning how to become an audiobook narrator.
Try Print on Demand
Print on demand is proving to be a popular option too. Graphic designers are turning to the business model to sell their designs on clothing and other products to monetize their art better. With their unique designs, they can create a consistent and established brand for their business.
Print on demand is similar to dropshipping in the sense that you don’t need to carry inventory or ship out products to customers yourself. There are two slight differences, though. First, you can add branded labels on packages, which is great for brand recognition. Second, shipping costs are quite expensive, making it difficult to create a sustainable business unless you charge higher prices or sell higher quantities. But you have great suppliers in US, Canada or Europe like Printify or Printful to get started right away and reach your dream of creating your own clothing line.
The best way to make money with your print on demand business? Free marketing channels. Your best bet would be to promote your products for free on Instagram, Pinterest, or with Instagram influencers who convert their audiences well.
You can get a complete overview of print of demand vs dropshipping by watching us get into a healthy debate with Wholesale Ted about the pros and cons of each business model.
Become an Influencer
Building a personal brand can also help you make money online. Did you know in 2019, Cristiano Ronaldo earned $975,000 for every sponsored Instagram post, making him the highest-paid influencer? While it may seem like reality stars, singers, and athletes are the biggest influencers, keep in mind that even smaller-scale influencers can make more money today than they did a few years back
To become an influencer, you need to build a healthy following. The easiest platforms to do that: YouTube and Instagram. Some of the biggest non-celebrity influencers often gained their first taste of exposure on these platforms. You might want to check out how to get more Instagram followers if you want to build a big Instagram audience.
To make money as an influencer, you can charge for sponsored posts, speaking gigs, create your own online store and sell products, add affiliate links in your bio, sell your photos, sell ads on your own podcast, get paid as a brand ambassador, create a book, get paid to appear at events, and more.
Create an App
If you’re not a developer, you’re probably looking at this money-making idea and feeling a bit stuck. Fortunately, there is a way to have an app made that doesn’t involve any programming skills.
These days, marketers are using freelance platforms to find affordable developers to create apps for them.
When it comes to making money on your app, your best bet will be to add it to Google Play and the App Store. And while it may seem counterintuitive, having a free app can help you make more than a paid app. With a free app, you can add ads or premium features to help you make money. Since the free app will attract a higher volume of people, it’ll be easier for you to upsell them.
Create Side Gigs
Side gigs can help you make money online while you keep your full-time job. If you’re looking to make an extra couple hundred dollars per month, this is a great idea. The work doesn’t always last long-term, but it can.
Use platforms like Fiverr to create gigs. When you’re new to Fiverr, you’ll want to focus on offering a low price so you could get your first review. I’d recommend getting a friend to buy your gig to leave your first review so you can get started faster. Treat the friend like a client and actually deliver a finished product that you can feature on the platform on your portfolio.
The thing with Fiverr is that it’s also a numbers game. If you look at top Fiverr users, you’ll see that they have multiple gigs available. The more gigs you have, the more likely you are to be found.
If you don’t want to get paid Fiverr prices, you can turn to platforms like FlexJobs to find side gigs. Under their jobs section, you can search for contract or telecommute opportunities. The great thing about the telecommute opportunities on FlexJobs is that you can apply for them in any city in the world.
FlexJobs has a variety of side gigs from writing, business, design, accounting, and more. So if your talents don’t match up with anything else on this list of money-making ideas, you might want to try a side gig from FlexJobs, and start making money online. Apply to multiple opportunities to land a few small side gigs.
Sell Your Stuff
When you’re desperate to make money now, sometimes the only option is to sell your stuff. If you’re unemployed and struggling to find a job, selling your possessions is a great way to make money fast. You can earn money online using the links below, or you can head to a pawn shop. Keep in mind the shipping costs associated with selling online. Be sure to charge the buyer for it if you’re shipping products internationally.
Most people immediately think of selling their junk like books, DVDs, and CDs. But most people don’t want to buy those things. It’s 2021 – are you really going to buy a CD? Probably not. So don’t waste your time trying to sell it. When you’re thinking about how to make money fast, focus on items of value like laptops, TVs, phones, furniture, designer handbags, or clothing. Try selling the same items on multiple platforms. For example, you might try selling your product in Facebook groups and Instagram instead of just one of them. If you sell your stuff everywhere, there’s a chance of someone finding it.
Be sure to take amazing photos and edit them. An online retailer doesn’t upload images as is. They hire a photographer to take great photos. Images are enhanced. The background is often removed. Approach your product post like an online retailer. Avoid taking pictures of products on tables. If a product is on a table, remove the background to make it white. If you don’t own high-end photography equipment, you can consider taking this product photography online course to learn how to take stunning product photos without the fancy gear.
After you’ve figured out stuff to sell online, start your own online store using Shopify. You’ve proven that you’ve got what it takes to be an online retailer. So, now you can start making money from home.
Drive Your Car
If you own a car, you can make some spare cash as an Uber driver or delivery person. If you don’t own a car, you can still be a delivery person using your bicycle or moped. Uber drivers looking to make even more money off their car can turn their car into an advertisement using Free Car Media. Your car will be wrapped with a removable vinyl decal. There have also been cases of Uber drivers selling products in their cars. As a driver, you’ll often start talking about what you and your passenger do for a living.
Want to know how to make money fast driving Uber? If you own your own side business, you can showcase your products to your passengers if they’re interested. Not all will be, though. However, if one expresses interest in your products, you can have products for sale under the driver’s seat for a passenger to sift through. If customers don’t have the cash, you can ask them to pay its cost with Uber’s tip function.
Become a Twitch Streamer
Twitch streaming is becoming increasingly popular. While it started out as a gaming platform, it’s quickly evolving to include other types of content. To make money fast on Twitch, you’ll need to grow your following. If you’re consistent, streaming on Twitch can help you build a sizable audience fast.
You’ll need to find a popular game or channel that isn’t overly competitive so that people can easily find your content. In order to make money online from streaming, you’ll need to have a consistent style to your channel: is it going to be funny, educational, or entertaining? Engaging in the chat feature on Twitch is another way to grow your following. You’ll want to communicate in popular chats. However, you’ll also want to engage with those chatting on your streams as well.
There are five ways to monetize your Twitch channel: selling products, brand sponsorships, fan donations, subscriptions, and Twitch ads. As a Twitch streamer, you’ll want to focus on tapping into all five monetization methods to ensure the highest financial gains. You could make more on Twitch than YouTube, making it one of the best money making ideas for video creators.
Invest in Stocks
You can also make money fast by investing in stocks. If you aren’t an expert in picking stock, you might want to skip this money making idea. While it can have one of the highest rewards, it can also result in money loss if you’re inexperienced. If you currently hold a 9 to 5 job, look into your company’s financial programs.
Do they allow you to invest in company stocks? If so, sign up for it. At least with a company stock program, you have some influence in the company’s success as an employee. If your company has an RRSP matching program, you can also sign up for that if your goal is to save up for retirement or a down payment on your first home.
Sell Your Clothes Online
You likely have clothes you haven’t worn in the past year. And you don’t have the intention of wearing them ever again. Rather than letting them take up space in your closet, why not make money off of them?
Whether you sell your clothes, handbags, or shoes, there are quite a few websites that allow you to sell your used fashion items. Poshmark, Refashioner, TheRealReal, ThredUp, and Tradesy are a few of the online sites where you can sell your
You could make money online by selling on several different platforms. If you’re looking to sell items in person, you can use Facebook buy and sell groups in your community to find people online and sell the items in person. I’ve personally sold in these groups before and know they work.
Become an Extreme Couponer
When money is tight, using coupons can help save you a few bucks. However, with websites Coupon Chief, it can also help you make money online. Such websites offer a Pays to Share program where you’ll receive some percentage of sales from the coupons you share on their platform. You’ll need to add coupons that haven’t already been shared. In return, you’ll make a 2-3% commission.
It’s like affiliate marketing where you share referral links and get a commission when someone buys through your link. Coupon companies are known to pay their affiliates regularly, so it’s a legit way to earn money online. Coupon Chief has already paid out over $1.4 million in commissions.
If you regularly buy domain names but fail to use them, you can always try to sell them for a profit. Selling domains is ultra competitive, though. If you own a one word .com domain, you’ll have a better chance of selling. Words that have high search volume sell well too.
Also, domains that are on trend at that moment have a better chance of selling. For example, a year ago, fidget spinner domains were an easier sell than they are now. You can search for available domain names and buy a custom domain through the Shopify domain registration platform.
You can sell your domains on GoDaddy’s Domain Auction. Look through the domains with the highest bids to see what type of domains sell well. It’ll help you know whether or not your domains are worth selling and how much money you can make selling them.
Review Websites, Apps, and Software
If you’re passionate about user experience, User Testing pays reviewers $10 to give other entrepreneurs feedback on their websites and apps. That’s one fast way to make money online. You’ll be given a set of questions that you need to answer as you browse through their website.
Through a video, you’ll communicate your ideas and feedback to the entrepreneur while navigating their website or app. Your video is only 20 minutes in length, so if you do three videos per hour, you’ll make $30. It can be pretty competitive, so you have to act fast when a new website or app is added to be reviewed. Those who want to earn money online by reviewing software can use a tool called Software Judge.
Get a Part-Time Job
When you’ve done whatever it takes to make money fast but struggle to make an impact, sometimes you’re left with no choice but to get a part-time job. A lot of the money-making ideas on this list are great for building up to. They can be really successful over the long-term too. But if you’re struggling to make money fast enough, you might need to apply for a part-time job in your field. You can browse part-time jobs on job bank websites like Indeed, Monster, or a job website for your industry.
Whether you’re looking to make an extra couple hundred a month or grow a successful six-figure brand, I hope these money making ideas have inspired you to take action. Learning how to make money fast or how to make money from home is an important part of success, but the execution is what helps you make money now.
Become a TikTok Consultant
One of the trendiest new ways to make money online is to become a TikTok consultant. Brands will contact you for brainstorming video ideas, developing engaging bios, and more. It’s the perfect money-making opportunity for digital nomads – you can run the entire business from your smartphone. Compared to Instagram, TikTok is relatively new and untapped, so helping brands grow brand awareness on the app might turn fortunes.
However, you need to have a few talents before you begin offering TikTok consultancy to businesses. The most important is knowing how to create viral videos that get people to engage with brands. If you don’t have the expertise in this platform, you can still learn how to create killer contact by taking this TikTok course.
Sell Greeting Cards
If you have a knack for picking out the perfect greeting card for different occasions, this might be an easy way to make money online. However, I don’t recommend that you market your services to anyone and everyone – it’s not a smart way to do business. Instead, you can open a greeting cards brand geared towards a certain segment of the population.
For example, you can make greeting cards that cater to C-level executives wanting to thank their Senior Vice Presidents for making profitable decisions last year. Or you can target healthcare professionals wanting to thank their patients for choosing their clinic. For designing the cards, you can use an online graphic tool like Photoshop or Canva. These tools make it easy to put together nice-looking cards that will cheer anyone up.
No-risk matched betting
Hands down the quickest way to make a lot of money (well, without breaking the law). Lots of students have genuinely made £100s from this technique. It’s completely legal, risk free, tax free, and anyone over 18 in the UK can do it (Not in UK? Skip to no. 2).
It works by taking advantage of free bets regularly offered by betting sites through ‘matching’ them at a betting exchange. Matched betting eliminates the risk (you are betting both for and against a certain outcome).
This leaves you being able to squeeze out the free bet, which can be as much as £100. Multiply this by how many betting sites there are and you can quite easily come away with a profit of a few hundred pounds.
Owen walks you through how to make your first £13 profit (using a real life example) in this gem of a guide to matched betting. If you know of any better way to make £40/hr sitting at home, please let us know!
Paid for searching the web
Interested in earning cash for doing what you already do online? This has to be one of the easiest methods of making money online without really any effort or change in your behaviour.
This innovative idea by Qmee.com rewards you for searching in Google, Bing, Yahoo, Amazon and eBay. You just install a simple add-on to your browser and when you conduct a search there may be a few sponsored results alongside your normal search.
Each Qmee result has a cash reward attached – if you are interested in it simply click on it and collect your reward.
The best thing is there is no minimum to cashout – our first one was just 72p wired to our Paypal account. You also have the option to donate it to charity.
Sign up now for free and start earning from your own searches!
Online market trading
Whilst this isn’t necessarily an easy way to make money, investing in stock markets can be lucrative if you learn to do it properly and safely. By the same token, you may suffer significant losses if you don’t take it seriously.
Today there is no need to fund the yachts of Wolf of Wall Street style stock brokers. You can do it all yourself with the help of online market trading platforms.
Having spent many hours researching this new opportunity, I’ve been experimenting with the popular platform eToro.com.
eToro has over 12 millions users worldwide and offers free practice accounts. It has been featured in the BBC 2 documentary “Traders: Millions by the Minute” and sponsors several Premier League football clubs.
Trading stocks on eToro is currently not available in the USA.
One of the best things on eToro is the CopyTrader feature. This lets you literally see, follow and copy the investments of other top performing traders.
Follow George’s complete guide to trading on eToro to learn more. I think $200 is a good amount to get the most out of the learning curve by trying out a few different markets. If nothing else you’ll learn a great deal about various investments and industries.
Please be aware that all trading involves risk. eToro is a multi-asset platform which offers real asset ownership and high risk leveraged ‘CFD’ products. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. This content is not financial or investment advice.
The ‘Disney Vault’ secret
To keep demand high across generations, Disney Studios carefully restrict the supply of some home release classics. They are locked away in the ‘vault’ for 8-10 years before being released for a short unspecified time.
Buy them in this window at normal retail price and you can turn a nice profit when they go off sale for another decade or so.
For example, in 2011 you could buy Beauty and the Beast on Blu-ray 3D for just £24.99. In just a couple of years it was on Amazon for a staggering £74.99!
Importantly, not all Disney releases are subject to the vault and only the true classics will maintain such demand.
Right now there are just 2 titles out of the vault which I would recommend snapping up. They are Bambi Diamond Edition Blu-ray and The Lion King Diamond Edition Blu-ray.
‘Get Paid To’ sites
Similar to making money from online surveys, GPT sites reward you in cash and vouchers for completing various offers or activities online.
The most popular sites today are Toluna, Swagbucks and InboxPounds.
Mobile phone recycling
You can earn good money and help the environment by recycling your old mobile phones and other unused devices. Maybe ask your parents if they have any lying around too.
Head to our page on making money from old phones for the best companies to use and how to ensure you get all the cash quoted to you online.
Become a ‘Clickworker’
The Clickworker.com concept is based on ‘internet crowd-sourcing’ where businesses advertise specific, scalable tasks they need completing quickly. And for us, it’s an easy way to make fast cash from our couch.
There are a variety of tasks, but most commonly they involve mindless data entry, web research or form filling. You are rewarded and paid in cash (via Paypal) for the work you do, and you can choose for what and when you work. Give it a go.
Claim tax back
Many students work part-time or during the summer months, and others will be on placements or paid internships. More often than not, if you are a student working during the year, you will be overpaying income tax.
Why? Simply because few students reach the personal tax-free income allowance each year but are put on an emergency basic tax-code by their employers meaning tax is being paid when it shouldn’t be.
To learn more and calculate how much tax back you might be due, see our guide on student tax refunds.
Get cashback when shopping
This is not only a way to make money but also to save money as a student. If you look at it in a different way then you are making money with every purchase you would have made anyway, whether it be 10% or 0.5% cashback.
There are a number of cashback sites out there which pay you the commission they otherwise would have earned.
We recommend signing up with Top Cashback, Quidco.com and Swagbucks which are free and offer the best selection of retailers and exclusives.
Review music for money
If you love music, make it your business by reviewing unsigned bands and artists online for cash with Slicethepie.
It can take a while to build up your reputation but some users of the site have said that they earn £40 a month. This may not sound like much, but if it’s something you enjoy then it shouldn’t be hard work and is another thing for your CV. Money you earn will be in $US but anyone can sign up and review.
To get started, head over to Slicethepie now or read our quick guide for more info.
Sell your notes
If you don’t mind sharing your notes with other students it’s a great way to generate a little extra cash. There are sites out there that you can upload your notes to, along with your price, and then when another student downloads them you get paid.
Most of these sites like Nexus Notes and Stuvia are free for you to list your notes but tend to take a cut of your profit in order to handle the marketing etc so that you don’t have to go out there and promote your notes yourself.
You will most likely have to upload PDFs but it’s worth it for the return and you can submit handwritten notes but you’re likely to make more money if they’re typed up.
Sell second-hand course books
One great way to make money is to buy other students’ textbooks at the end of the year, and then sell them just after freshers’ week – when the new intake of students know that they need them!
You can either advertise on campus or list them online very easily on Amazon Marketplace (just bear in mind they take a commission on books sold).
Entering competitions of course comes with no guarantees, but there is a growing community of so-called ‘compers’ in the UK consistently making up to £50,000 a year through all sorts of competitions.
Types of competitions available to enter vary from simple registration forms and Facebook page liking to answering questions correctly over the phone to being a TV game show contestant. Imagine you made it onto Deal or No Deal instead of just watching it!
Start by entering our very own monthly student competition (Follow our Instagram page to see when our next one is)!
Then head to our active competitions page to enter other free competitions that we have found. Just note that some of these sites may send you spam so use an alias email address and opt-out of as many of the offers as possible.
For loads more tips on achieving success and making money from competitions, read our guide to entering competitions.
Today becoming a mystery shopper is easier than you think and you can get rewarded handsomely.
There are dozens of agencies that pay you to visit all sorts of shops and restaurants to feedback on how they are performing. We’ve reviewed the best agencies in our guide how to become a mystery shopper.
Tasking apps are another form of mystery shopping, where you earn rewards for completing small local tasks. It can be a lot of fun too!
Be an Extra
Do you fancy yourself as a budding young actor or just that person that walks past in the background shot of an episode of Eastenders? It could be you if you apply to be an extra in TV or film.
The pay isn’t bad either: £60-80 a day on average, and you hardly have to do anything!
There are lots of casting agencies that place willing extras. They make their money by taking a cut from your earnings, so always ask what that is before you take on work.
Head over to our how to become an extra guide for 5 of the better agencies, plus lots more advice on getting your first gig.
Rent out your car parking space
Some student accommodation comes with a drive or garage. If you aren’t using your parking space and you live in a busy area then you might be in luck. There are plenty of people that may work in the city centre and are fed up of paying through the roof for daily parking.
Advertise your space on Gumtree, Parklet or Just Park.
Or, check out our full guide to renting out your parking space.
It’s a classic money-maker, and for good reason. You get paid (well) to watch TV and not very much else – hopefully!
If you are wondering what to charge have a look at local ads, but you can expect to be paid over £9ph even if you aren’t trained in childcare.
Aside from advertising yourself, it’s free to create a profile on Care Babysitting. It really can be easy money (unless you get stuck with the child from hell!).
Our guide to babysitting walks you through the main considerations. For instance, in the UK you will need a DBS (Disclosure and Barring Service) check to look after small children, even though some parents may not ask for one.
Dog walking & sitting
If babies ain’t your thing, then maybe canines are… dog sitting is big business. Students especially are likely to have free time during the day when others are out at work and worried about their pets at home.
You could bag around £10 an hour per dog, and it’s also a great way to keep fit.
Join Care Pet Care who are best for dog sitting and walking.
Become your own bank
‘Peer-to-peer’ lending is the future of banking. It cuts out the middle-man, passing on higher interest rates to you and cheaper loans to borrowers. And it’s all managed online from the comfort of your sofa.
Founded in 2005, Zopa is the most established P2P site. Today they have over 60,000 active investors.
You can expect to achieve up to 5% fixed return, depending on how long you choose to lend for. If you can, go for the ISA account to earn interest tax-free.
As with any traditional bank, there is some risk attached to peer-to-peer lending. Zopa have gone a long way to mitigating this by spreading your money across many different borrowers (who are also credit checked). You can also choose products that suit your appetite for risk and reward.
Work as a charity collector
Ok, so this job takes a certain kind of person, as you’ll have to take a lot of rejection and be persistent.
But if you are bubbly, personable and reckon you could sell ice to an Inuit then this could actually be a great student money making idea. You get paid commission on new sign ups (typically around £20).
Have a look at Wesser as well as charity websites like Oxfam.
Rent out your house for filming
Directors for TV and film are always on the hunt for houses to film in. For instance, a scene for Coronation Street was recently filmed in the student house one of the Save the Student editors used to live in!
Not only can you make good money but it’s crazy seeing your own place on TV. Start out by looking at this site.
Rent out your body
If you are comfortable taking off your kit then why not try life modelling. Sit there in the buff while budding artists capture your every curve (or pokey bits) in frightening detail! Try RAM, a website especially designed for these kinds of jobs.
You could also get involved in clinical drug trials, but be sure you fully appreciate any risks attached.
Warning: Do not do anything you are not comfortable with, no matter how desperate you are for money!
Sell your stories and videos
If you have an interesting story then you could try selling it to the papers. It could be anything from sleeping with a professional footballer to getting caught in a clothes horse!
One of the Save the Student team was unfortunate enough to have a pigeon fly through and smash their window at university and sold the story to The Sun for a tidy £50.
You could also film your mates at all times and send it into You’ve Been Framed to net yourself £250 and a few seconds of fame.
If creating videos sounds like too much hard work, then getting paid to watch videos online has to be one of the easiest ways to make money, ever.
Swagbucks and InboxPounds are the most popular websites as they literally pay you to sit back and watch things like adverts and videos hoping to go viral.
For more involved and rewarding opportunities, consider branching out as a freelancer typing up movie subtitles or writing film reviews.
If watching videos and movies is your thing and you want to increase your earnings, head over to our full list of ways to make money from watching videos.
Source property for wealthy investors
We all know how much money there is in property, but on the surface (with house prices as high as they are) you might be thinking this market is off-limits.
Truth is, lots of people make a great deal of cash simply sourcing suitable properties for wealthy investors who simply have no time.
The trick is to find properties below market value (BMV) by avoiding estate agents and instead flyering your area with your contact details offering to buy houses. Then approach investors with a no-brainer offer to pass on the details of cut-price property in exchange for a % of the sale value.
Most cities will have monthly networking events for landlords and property investors. Track these down, sign up, put on your best suit and go along with lots of business cards. Or you could start on LinkedIn or even Twitter to build some initial contacts.
As you might imagine, this isn’t necessarily a quick way to make money but once you’ve got a few investors in your phone book it can prove to be very lucrative in the long run. If you’re interested, I recommend reading this book.
Bitcoin and cryptocurrencies
Update. We’re increasingly being asked about how to make money from Bitcoin (and other cryptocurrencies). This isn’t surprising given the ever-growing hype and stories of kids making millions.
Please don’t rush into buying Bitcoin to make money. It’s really important to know what you’re getting involved with. Read our how to buy Bitcoin tutorial which explains everything you need to know.
There are many other creative ways to make money as a student, such as our 50 business ideas.
Test Websites and Give Feedback
If you have basic technical skills and a keen eye for website design and development, consider becoming a website tester.
Testing websites is one of the best freelance jobs to make fast cash. Plus, website testing jobs make for a good starting point for newbies looking to enter the web development industry.
The payment is project-based, meaning that you will get paid after completing the required task. However, the pay rate differs based on the testing method and the marketplace’s policy. For example, UserTesting offers $10 for each completed test and $120 for a call with a client.
Becoming a website tester requires critical and logical thinking. Having excellent communication skills and knowledge of website functionality and design also helps improve your test reporting quality.
Some of the marketplaces that offer website testing projects are:
- Ubertesters – focus on mobile apps and game testing.
- UserTesting – offers usability testing projects.
- Testbirds – for digital products, including eCommerce stores, chatbots, and games.
- Userlytics – in addition to testing websites and apps, it offers projects focusing on reviewing video commercials.
- TryMyUI – impression testing and survey-based projects.
Test Games and Apps
The global online gaming industry generated $21.1 billion in revenues in 2020. Besides selling gaming experiences, games also offer the opportunity to make money online. Anyone with an internet connection can do it.
Some games or apps, like Mistplay, will ask you to perform specific tasks and collect rewards in fictional currencies to be redeemed as dollars later on. Other apps like PaidViewpoint and PointClub ask you to take online surveys and participate in polls, while Givling and Gamesville offer sweepstakes and giveaways.
While these games and apps provide an easy way to make money online, make sure to check the reviews before installing them. Some people use games and apps as a front for scams, stealing personal information and bank details.
The rule of thumb is to avoid pay-to-play games. You want to make money, not spend it.