It always amazes me just how many ways there are to make money online. The Internet has long been an incredible frontier for innovation, of course, and it seems that the situation is no different when it comes to the human determination to add to one’s coffers.
Here are just six of the best ways to generate some cash ‘on the side’ with little more than a web-connected PC for company.
- Answering surveys
Some of us have always delighted in responding to questionnaires, and there are plenty of sites – ranging from YouGov to PopulusLive – that enable you to enjoy the online equivalent. You won’t get filthy rich, but if you’re prolific enough, the up to £3 that you can typically pocket for each survey could quickly accumulate.
- Market trading
If there was one world that many of us presumed would always be inaccessible to the layperson, it was that of stocks, shares and currencies. Well, “many of us” were duly proven wrong by the emergence of such online market trading platforms as eToro that have truly popularised it as a way for the average person to boost their bank account.
The web has also dramatically opened up the market for freelancers in recent years, with sites like PeoplePerHour and Fiverr enabling independent professionals to volunteer their skills in such fields as graphic design, copywriting and programming. Just be aware that the competition between freelancers for work on these sites can be fierce, and that you could find yourself undercut on price by a resident of a country with far lower living costs than the UK.
- Testing websites
With companies’ online presences all-important these days, user testing couldn’t be more crucial – and when you sign up to become a tester at What Users Do, you will be given between three and five tests to do a month, with £8 earned for each one. Again, it won’t make you ludicrously wealthy, but you do also gain the satisfaction of helping to make the web a more user-friendly place.
- Running your own website
This may be easily the most labour-intensive means to make money online of the options in this list, but the rewards are also potentially far greater, as shown most famously by Facebook’s Mark Zuckerberg.
You don’t necessarily need to be the next big social media magnate, however – simply being astute enough to pick up certain domain names (such as those named after an up-and-coming music or movie star) before they become desirable, then selling them on for thousands, could be a very tidy earner. But if you prefer the idea of a fully-fledged online home of your own, Save the Student’s Owen Burek has written an insightful guide to the steps involved in building a successful website.
- Matched betting
A very notion of a form of betting where you can’t lose money sounds like the stuff of get-rich-quick scams, but it does exist and has been written about in positive terms in the mainstream press, including The Guardian and The Telegraph.
In a nutshell, matched betting entails you covering your bases by betting both for and against a particular outcome, making use of the free bet offers that are abundant on the websites of the leading bookies. The risk of traditional betting is thereby eliminated, giving you as much as £2,000 extra in your bank account every month.
Speaking of matched betting, one of the leading matched betting specialists – Profit Accumulator – has its own interesting list of 25 legitimate ways to make money online. It’s one that I suspect you will struggle to argue with.