Ways To Make Money Online
Thanks to the internet, there is an endless number of ways to make money online. Here are just 21 ways you can make some extra money on the side.
Luckily, in the age of the internet, making extra money (or your whole paycheck) online is incredibly easy if you know where to look.
Here are 21 ways to make (and save money) online:
1. Take surveys online
While Taking online surveys won’t make you rich by any means, a few minutes of your time can earn you a few extra dollars.
Swagbucks
Swagbucks allows you to earn points and then redeem them for gift cards or cash back. And the cash back option is available for over 1500 retailers including Amazon, Starbucks, Target etc. Lots of options!
Here’s how it works: you earn points by shopping through their portal, filling out surveys, watching videos, etc. The best part is it’s free to sign up! Plus they are currently giving a $10 sign up bonus.
2. Become a freelancer
If you have a talent, chances are, you can sell your skill. Whether you’re a writer, artist, graphic designer, photographer, etc., there’s a freelance gig for you. Let’s cover a few possible freelance angles for you to take.
Freelance writing
It’s easier than ever to become a freelance writer (all of our writers at Money Under 30 are freelancers). With that being said, if you’re just starting out it can be difficult to find a writing job that will pay you more than pennies.
We have advice here, on how to actually get hired for a freelance job. Also, a good place to start looking is Fiverr. It’s called Fiverr, because most people would charge just $5 for their services—some people still do that, others charge a lot more.
Teach online
If you like to teach and have some free time, consider teaching English as a second language. EF, an online teaching company where you could earn up to $2,000 a month, making it a pretty great side-hustle.
VIPkid is another excellent service that connects North American teachers and tutors with students in China for one-on-one English lessons.
The application process is rigorous, but you could make between $14 and $22 an hour—not necessarily the most competitive, but still decent.
Do small tasks
If you’re not prone to creativity, you can still make money online by offering your handyman (or woman) services on TaskRabbit.
Many of the tasks advertised on TaskRabbit involve tasks such as:
- Putting furniture together
- Moving
- Running errands
- Picking up groceries.
3. Invest with a robo-advisor
Robo-advisors put your investments on auto-pilot. With many robo-advisors, all you have to do is choose your risk, your goals, and fund your account. The robo-advisor will take care of the rest. For those who are looking to invest, but may not understand the ins and outs of investing, robo-advisors can help.
Here are a couple of our favorite robo-advisors!
Betterment
Betterment is a simple investing platform. You can easily open sub-accounts that use different portfolios for reaching multiple goals. It’s also surprisingly inexpensive! Betterment’s Digital plan charges 0.25 percent annually. You’ll have access to a full suite of services as well as mobile messaging to an advisor
M1 Finance
M1 Finance is a hybrid robo-advisor and traditional brokerage, meaning you have a little more control in picking your portfolio than you would with just a robo-advisor. M1 allows you to pick and choose “pie slices” (different investments), which make up your portfolio.
M1 Finance is completely free, so any beginner investor should check them out.
Check out our full M1 Finance review.
4. Invest in real estate
Investing in real estate online is a great form of passive income if you’re open to a little risk.
Real estate crowdfunding involves many investors investing small amounts of money into real estate ventures.
There are a couple of companies that are the frontrunners in the real estate crowdfunding industry.
Roofstock is one. They focus on single-family homes that you can buy and use as rental properties. It’s a platform for investors and created by investors, which is why there are no fees to join and search their properties. For more information, see our Roofstock review.
Another well-known name in the real estate crowdfunding world is Fundrise. They have a super low minimum investment of just $500 (which is almost unheard of in the real estate industry), and Fundrise states that their annual returns generally range from 8.7%-12.4%. Read our Fundrise review.
5. Invest with a broker
The stock market scares a lot of folks, but it’s getting easier and easier to invest your money in stocks, even if you don’t have a whole lot of know-how.
But no longer – that’s right, no need to be scared of the investing world with so many excellent options out there. Here are 4 good places to start digging in.
- If you invest through a company like E*TRADE, they offer tons of investing tools so you can invest on your own, and you can trade stocks, options, and ETFs for $0.
- For slightly more seasoned investors, Zacks Trade makes day-trading easy and cost-effective. You can buy stocks and bonds, ETFs, options, and more. Their pricing is simple and straightforward – stock and ETF trades can be made for $0.01 per share (with a $3 minimum).
- TD Ameritrade is attractive for young investors because it has no minimum investment and they offer tons of tools for every level of investing. You can also trade through their mobile app which makes it super convenient.
- Ally Invest is one that truly stands out on its own from the group because they have no commission fees AND no account minimum! For the self-directed trader, this is a dream come true. You can invest in stocks, ETFs, options, bonds, and mutual funds – so there’s a little something for everyone.
6. Sell or rent your belongings
This could mean selling a few things here and there on Ebay, running a full-fledged online store, or renting out your home (okay, so that’s not entirely online, but it starts out there).
Ebay
Ebay may seem old school, what with Amazon and Etsy, but selling stuff you don’t need is a great way to make extra cash.
You can make a free account, but you’ll be limited to how much you can sell. If you want to sell more than 50 items a month online, you’ll need to sign-up for one of Ebay’s subscriptions.
- Starter: $4.95/ mo with an annual subscription
- Basic: $21.95/ mo with an annual subscription
- Premium: $59.95/ mo with an annual subscription
- Anchor: $299.95/ mo with an annual subscription
- Enterprise: $2,999.95/ mo with an annual subscription
Each comes with different selling caps, and the higher the subscription, the lower the fees.
7. Download money-making apps
If you already shop online, downloading money-making apps can earn you cash every time you shop. Let’s take a look at some of the best apps.
MyPoints is one of my favorites. You can earn up to 40% back on all your purchases at 2,000 top retailers like Walmart, Home Depot, Best Buy, and Amazon. They also offer promo codes at tons of online stores. One of my favorite things about MyPoints is that you can redeem your points whenever you want. All you have to do is can cash out and get gift cards, or you can transfer the cash to your PayPal account. It’s actually very easy.
Dosh is an enticing cash back app because the bash back part is 100% automatic making your purchases even easier. Just link your credit or debit card in the app and you’ll automatically earn cash back whenever you make a purchase at a partner site. Partners include Walmart, ASOS, GNC, Instacart, and Sephora, plus over 15k local restaurants and retailers that offer up to 10% cash back. Best of all, you can move the cash you earn directly to your PayPal or Venmo account as soon as you earn at least $25.
Another great option is Acorns and my experience is that Acorns can make anyone an investor. It helps you start saving by rounding up your purchases on the debit or credit card of your choice. Then, every time you hit $5 in savings, Acorns invests your money in ETFs. Mighty convenient. Acorns cost $1, $2, or $3 per month depending on the plan you choose – making it a cheap option for young investors. Here’s our review of Acorns.
Finally, Swagbuck, another cool option lets you earn gift cards and cash for shopping online, watching certain videos, and answering surveys. You can redeem points for cash through PayPal, or get gift cards from retailers like Amazon and Walmart.
a 8. Create a blog
If you can create a niche audience for your blog, you can make an entire paycheck—just ask our founder.
To start earning money by blogging, you’ll need to use certain advertising tactics, the best for start-up blogs is:
Advertising and affiliate marketing
Affiliate marketing makes it possible for small blogs to stay in business. Rather than getting paid per 1,000 page views or per click—which is the traditional middle—affiliate advertising involves an advertiser paying an affiliate publisher (your blog) when it refers a paying customer.
9. Become YouTube famous
If you’re good at talking in front of a camera and have an idea/product you want to discuss, YouTube could be the perfect platform for you. You can earn money on YouTube in a variety of ways:
Become a YouTube partner
The big money on YouTube is if you meet the requirements to become a partner. This year, YouTube changed the requirements to become a partner. You need to have a channel that has reached 4,000 watch hours in the previous 12 months and 1,000 subscribers.
When you’re a partner, you start earning by how many views you receive. Here’s how it works: “YouTube takes around a 45 percent slice of advertising revenue, although the CPM (cost per thousand) that advertisers are charged varies. Most partners earn anywhere between $0.30 to $2.50 CPM.”
Connect to Google AdSense
Once you become a Youtube partner, you can connect to Google AdSense, their advertising system. You’ll be paid based on the number of “impressions” your videos get. That’s when someone clicks on or watches an ad.
Product placement
If you can get companies to sponsor your videos, or place their products in their videos, you can generate even more income. But you’ll need to inform YouTube of these product placements, or they may pull your partnership.
10. Shop online
Most people shop online these days—and for good reason. It can actually save you money.
If you use coupon sites, you can save money on things you’ll already spend on. Some of these sites include:
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