1 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 £50/hr sitting at home, please let us know!
2 Online surveys
An increasingly popular way for students to make money is to fill out online surveys in their spare time. Research companies are always recruiting new members worldwide to answer surveys and test new products.
For a few minutes of form filling, you can make a couple of quid which is paid as cash or rewards. You can bag up to £3 ($5) for some surveys!
A few good ones to try are: Toluna, LifePoints, InboxPounds, i-Say, Opinion Outpost, Onepoll, Panel Opinion, The Opinion Panel, YouGov, Pinecone, SurveyBods, Hiving, Panel Base, Prolific, Valued Opinions, Survey Junkie, New Vista.
Also sign up for Swagbucks which rewards you for surveys as well as simply surfing the web, watching videos and playing games.
3 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 or Yahoo. 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.
4 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 two biggest platforms: Plus500 and eToro.com. Both offer free practice accounts.
Overall I prefer eToro with over 8 million users worldwide. It has been featured in a BBC 2 documentary “Traders: Millions by the Minute” and recently began sponsoring several Premier League football clubs.
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.
Please be aware that all trading involves risk. 66% 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 for educational purposes only and is not investment advice.
5 Start your own website
Interested in generating passive income? You need a website. It’s THE way to make money while you sleep.
Starting a website with Digital Ocean takes less than 20 minutes, costs hardly anything and can be done by an 82 year-old. It only takes a bit of plugging on social media to get your first visitors, and there are plenty of ways to monetise your site.
Save the Student is just one example of a successful website, started at university by Owen Burek in his first year, which has since grown into a full-time and sizable enterprise.
6 Review websites & apps for cash
Well it seems like you’re pretty nifty with a web browser, so perhaps it’s time to turn pro and browse websites as a paid and fun job!
Introducing UserTesting.com – a new platform that pays everyday people to review all kinds of websites. Each review takes around 20 minutes and bags you $10 (£6.50) via Paypal.
Simply sign up here, complete a test review and look forward to receiving websites in your inbox.
7 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.
8 ‘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.
9 Become a delivery rider or driver
Got a bicycle, motorbike or car? What about a Smartphone? That’s all you need to make some extra money by delivering food or people whenever you’ve got some spare time.
Sign up to delivery specialist companies like Deliveroo who are always on the hunt for new riders. They allow you total flexibility to work when you want, delivering food from restaurants to the customers’ door. You can make up to £16 an hour.
Double-up your opportunities by directly contacting local takeaways and bigger chains like Dominos to see if they have any delivery jobs going.
10 Write and publish a Kindle eBook
If students are good at anything, it’s researching and writing. With the Amazon Kindle store, anyone can publish an eBook and make money.
And the Kindle app is now available on almost any device (laptops, iPads, smartphones and yes, Kindles) so your global market is huge!
List your book for £1.49 – £6.99 and you earn 70% of the sale. Considering Amazon is the ultimate selling machine (and remember people are looking to spend), that is a fantastic deal.
The key to success with eBooks is to create value, and write non-fiction. Simply bundling information you have researched and compiled on a common problem (eg. ‘secrets’ to finding a job) and then presenting it in an easy to digest format (an eBook) justifies someone spending a few quid on it.
Another big tip is to have a great cover designed so it stands out, and once your book is live on the Kindle store it’s really important to get some reviews so it shows up higher in results. Encourage readers to leave an honest review at the end of your book.
The best thing about this lucrative idea is that once you’ve invested the time (say 20 hours), you’ll earn a passive income for years to come!