Oneworldfh5)Top 10 ways to make money online

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In this video, we will talk about the Top 10 ways to make money online

1: Have your say

There are websites that will pay you for your opinion on anything from the latest hit TV show to shampoo or dog food. To get started, sign up to survey sites such as i-Say (previously Ipsos), Swagbucks, YouGov, and Opinion Outpost. Once you’re a member, they’ll send you details of surveys you’re eligible for and how much they pay.

Focus groups are more in-depth and usually mean attending a session in person. They can pay well though – up to £100 for an hour or two. Takepartinresearch.co.uk or Paidfocusgroups.co.uk are good places to start.

2: Pocket some 'passive' income

Passive income refers to income that doesn’t need a significant commitment of time or money on an ongoing basis.

Investing in the stock market, for example, can generate passive income – but you’ll need a long-term investment strategy to see gains. And, of course, you may get out less than you put in.

There’s a lot of hype around cryptocurrencies such as Bitcoin and Ethereum but you should think twice before jumping onto the crypto bandwagon. 

These virtual currencies are notoriously volatile as well as being the subject of various scams – check out Trust No One: The Hunt For The Crypto King on Netflix for a story about how it can all go horribly wrong. 

3: Become a virtual tutor

This side hustle is best suited to brainy university students happy to tutor schoolchildren approaching the 11-plus, school entrance exams, GCSEs, or A-levels. 

The pandemic meant that pupils became accustomed to remote learning so there’s no longer an expectation that you will travel to tutor your pupils in person.

The better your GCSE and A-level grades in maths, English, and science subjects the better – you can earn up to £20 an hour helping kids to improve their grades.

You can find clients using sites such as Superprof or MyTutor or by word-of-mouth recommendation.

4: Rent out your parking space

If you live near a train station, football stadium, or city center, it’s possible to generate a regular income stream from renting out your off-street parking space. You can rent out your space on an hourly, daily, weekly, or even monthly basis. 

You can list your parking space on sites such as JustPark, ParkLet, Your Parking Space, and Park On My Drive. Fee structures vary but usually include commission on the booking, plus some sites may also charge a listing fee.

You have to liaise with the driver making the booking, including providing directions where necessary and ensuring that access is kept clear. You may also need to check whether suitable liability cover is included in your home insurance. 

5:  Using cash-back websites 

Making purchases via cash-back websites can add up to several hundred pounds a year. You sign up to a cash-back site such as Topcashback or Quidco and search for the online retailer or company you’re looking to buy from. If the company is listed, you click on the link to take you to their website which tracks your visit. You then complete the purchase as normal.

Many of the cash-back sites charge no sign-up fee, although some may allow you to benefit from a higher level of cash-back in return for a small annual membership fee.

Examples of some of the current rates available at Topcashback include up to 10% for Expedia, 10% for new Very customers, and £25-100 for insurance policies.

However, cashback is not guaranteed and, even if you have followed the correct process, cashback can be declined or be paid at a lower amount.

6: Sign up for freelance work online

With the rise of remote working, there’s a wide range of freelance jobs available online. A good place to start is freelancing websites such as Upwork, Freelancer, and PeoplePerHour.

Some of the freelancing job opportunities include writing, bookkeeping, preparing business plans, sales and marketing, and administrative services.

The first step is to sign up and enter details of your skills and experience, after which you’re able to ‘bid’ for freelance work posted by clients. It’s a good idea to look at the rates offered for projects to get a feel for the appropriate price level to bid at (if it’s not a fixed price).

You may be required to submit evidence of your work or undergo an interview, at which point you’re told whether or not you are successful. In some cases, clients may contact you directly to invite you to bid for their work.

The freelance website is responsible for making the payment, although they may take a commission or charge a fee for their services. You can also build up your profile by asking clients to submit feedback on completed jobs.

7: Selling limited edition trainers

Trainers have moved from functional footwear to coveted fashion accessories, fuelled by companies such as Nike and Adidas releasing limited edition styles. These have a high resale value, however, the challenge is getting your hands on them in the first place.

Those willing to commit the time and resources follow the big retailers, such as Nike and Footlocker, to find out the time and date of release of the most sought-after styles. The process varies from entering into a raffle for the opportunity to buy a pair (in a certain size) to calling up at the right time to reserve a pair for collection.

8: Sell stock photos

If you’ve got a good eye for photos, you could try your hand at stock photography. Image library websites like iStock and Getty Images allow users to upload photos and earn a small royalty when they’re used.

You could start by taking pictures of your local neighborhood, the food you cook, and interesting buildings you run into, or set up some scenes at home. 

9: Get paid for dog-walking

Do you enjoy walking? If so, it might be worth considering offering dog-walking services. You can sign up via online sites such as Wag!, Bark, and Rover.

Typical services offered include 30 to 60-minute walks, drop-in visits, and house sittings or ‘doggie day care’ and ‘dog boarding’ in your home. While there may be a guide rate, sitters and owners are free to negotiate their own prices. 

10: Rent out a room, or even your home 

Online property rental marketplaces such as Airbnb and VRBO have become increasingly popular in recent years. They allow property owners to rent out spaces for people looking for a place to stay, from single rooms to whole properties.

According to Airbnb, over 8 million people rented an Airbnb property in the UK in 2017-2018. Hosts received an average of £3,600 per income with properties typically rented out for 36 days per year.

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