In most cases I prefer something that is more potentially passive than potentially scalable. Obviously it’s great to have everything, but given the choice I prefer income streams that just work and can be automated so you can do other things. You have to be careful to manage your desire to scale something with your desire to make it passive. Sometimes less is more because less gives you freedom.
If it’s not clear yet, information and expertise are two of the most consistent and lucrative ways to make extra money online. If you don’t like talking on the phone, you can sign up to get paid to answer professional questions on JustAnswer. There are thousands of questions being asked every month from people looking for help from lawyers, doctors, mechanics, vets, and more. To apply, you’ll need to supply your professional verification, resume, and a form of identification.
Many of my readers aren’t hip on the idea of becoming a rideshare driver. It can be a little intimidating being in a car alone with a stranger. A great alternative in the same industry is becoming a courier. Sites like Postmates, UberEats, Amazon Flex and others can be a great opportunity to earn extra cash delivering everything from lunch to packages. These can be good side hustles with flexible schedules. In some areas, I have also seen a big boom in medical courier opportunities, and these don’t pay too shabby!
Matched Betting (not available in the USA) enables you to gamble (nearly) risk-free. I say nearly as there is always room for error! It involves placing bets on all outcomes of an event, using free online bets given out by the Bookies. Although it may take a while to get your head around the concept, Matched Betting can make a substantial addition to your monthly income.
If managing a blog seems a bit overwhelming but you still desire to indulge your writing passion, you can write for other sites or blogs like PayPerPost, Textbroker, or Helium. Also, writing an interesting e-book may also be an option for you as well. E-books do not have any printing or shipping fees, which makes them a viable investment. If you’re someone who possesses strong language skills, you could potentially become an expert copy editor that webmasters will gladly pay to read and edit articles and also correct any overlooked grammatical errors concerning web copy.
Similar to a YouTube vlogger, if you have a large following on Instagram then you could become an Instagram Influencer. You will be paid to promote products in your photos, from wearing certain clothes to action shots of you using particular merchandise. As your Instagram following grows, you may start out simply receiving freebies in return for a picture of you with the item in the shot. However, for those with followings running into millions, you can expect large payments to display products in your pictures. Use sites like Hype Factory to help connect you with companies prepared to pay for your influence.
Try Uber EATS or DoorDash. Uber EATS offers part-time work that’s similar to driving for Uber or Lyft. Instead of picking up passengers, however, you will pick up food orders and deliver them in your area. Pay works similarly, letting you earn a per-job rate plus tips. Door Dash works similarly, letting consumers order food from restaurants and connecting drivers to pick up and drop off their meals.
If you put all of your eggs in one basket, you are asking for trouble. Even if you have the best ideas, best products or best anything else, it doesn’t mean that it will make you a ton of loot. If you have your online widget store, you should also be sure to have a widget blog (with ads and affiliate marketing programs) and maybe even an eBay store to unload widget overstock. This way you are hedging your bets and making sure you have money coming in from other channels in the event of difficulties with one of your streams.
Find a profitable niche: We’ve talked about this a lot. But, where are you most comfortable. What niche do your skills, values, and interests intersect? Do you have 10 years of experience as a technical writer? Do you have long-standing PR relationships that’ll be invaluable in helping startups launch a successful crowdfunding campaign? Determine what makes your value unique, and lean heavily on showcasing that strength to your potential clients.
You can earn above average rates of return because peer-to-peer lending eliminates the bank function. That means that you participate in nearly the entire interest rate being paid by the borrower, rather than the less than 1% that you will typically earn on certificates of deposit. And you can reduce your risk by investing in slices of hundreds of different loans.
So many people dream of writing a book, but never go through with it. Yet no matter what, I’m sure you have experience and value you could give through writing a book. By packaging your skills and knowledge into a downloadable eBook that helps people learn a skill, advance their careers, or start a businesses, you can change someone’s life and even make good money online.
I know it’s not everyone’s dream to work in customer support, but getting on with a virtual call center is one of the best ways to land an employee job online. (An employee job means you’re employed with the company and not an independent contractor. Employee jobs tend to come with regular hourly pay and even benefits packages.) Customer support is also an ever-growing remote field as more and more companies shift their customer service departments to virtual call centers. If you need a regular gig with reliable pay, this is one opportunity you should seriously consider.
However, there are legitimate ways to make money online. These money-making ideas are mostly relatively simple and straightforward, though some of them require more dexterity and knowledge in certain online arenas. Yet, for the most part, making money online, even if it's just a few hundred dollars extra per month, isn't something that's too difficult to do. As long as you don't have pie-in-the-sky hopes at the outset, you won't get burned.
Speaking of teaching, even if you don’t have a teaching degree or current certificate, you may be able to make money teaching English online. This is a great side gig for those working a full-time job. The scheduling is flexible and you can work in the early morning, evenings and on weekends. And the pay is pretty good, too! Some ESL tutors are paid up to $21 per 40-minute class. A few companies to consider:
26. Services – You can offer a paid service, such as life coaching, blog coaching, goal setting or financial planning. Just be sure to investigate all the legal implications and make sure you’re not claiming to be a professional if you’re not one. With a service like this, you’re basically using your blog to sell yourself. You’ll need to convince people that you’re worth buying and then be able to back up your claims once they purchase your service.
Many big businesses are looking for social media influencers to become long-term ambassadors for their brand. This would involve you working closely with one particular band, and promoting their clothes, products, and services. You may also be restricted from promoting other brands, so check out the small print before agreeing to any long-term agreements.
Robo-advisors are diversified investment accounts that are automatically managed by a computer algorithm (as opposed to a human money manager). If you want to invest, but don’t have the money, or don’t want to invest with a money manager, robo-advisors are for you! Robo-advisors make investing easier—and cheaper—so they’re perfect for new investors.