Freelancing is the best way to Make Money Online. Perhaps you enjoy writing, managing Facebook pages or doing a little bit of graphic design in your spare time. There are so many freelance jobs out there that require simple skills or just time that someone else might not have.
And the best thing about freelancing is that you can work for clients in the UK and around the world with just an internet connection from home, to your own hours whilst developing valuable skills.
A great place to start is with the leading freelance site Upwork.com and Freelancer.com.
Sell on your education!
Becoming a tutor to other students is easier than ever. Until recently your market was limited to local face-to-face sessions, but thanks to online tutoring sites you can go global!
Udemy allows anyone to create an online course (on literally anything!) and get paid forever after as users take it up.
For one-to-one tutoring, list yourself on Superprof and UK Tutors.
You can expect to earn upwards of £10 an hour, and you don’t have to be highly qualified to tutor younger GCSE or even A Level students.
Sell your photos
Make more money selling photo subjects that have fewer search results but you feel would have some demand.
Rent out your car parking space
Some student accommodation comes with a drive or garage. If you aren’t using your parking space and you live in a busy area then you might be in luck. There are plenty of people that may work in the city center and are fed up of paying through the roof for daily parking.
It’s a classic money-maker, and for good reason. You get paid (well) to watch TV and not very much else – hopefully!
If you are wondering what to charge have a look at local ads, but you can expect to be paid over £9ph even if you aren’t trained in childcare.
Dog walking & sitting
If babies ain’t your thing, then maybe canines are… dog sitting is big business. Students especially are likely to have free time during the day when others are out at work and worried about their pets at home.
You could bag around £8 an hour per dog, and it’s also a great way to keep fit.
Become your own bank
‘Peer-to-peer’ lending is the future of banking. It cuts out the middle-man, passing on higher interest rates to you and cheaper loans to borrowers. And it’s all managed online from the comfort of your sofa.
Founded in 2009, RateSetter was the first to reimburse lenders on late payments or defaults through its ‘Provision Fund’. Effectively it is designed to be like a normal savings account. To date RateSetter say no investors have ever lost money, and they are fully FCA regulated.
Right now you can expect to achieve up to 5% fixed return, depending on how long you choose to lend for. If you can, go for the ISA account to earn interest tax-free.
There’s no fee to withdraw your money from RateSetter, unless you lock into a 1 or 5 year higher fixed interest rate where the early withdrawal fee is 0.3% and 1.5% respectively.
Work as a charity collector
Ok, so this job takes a certain kind of person, as you’ll have to take a lot of rejection and be persistent.
But if you are bubbly, personable and reckon you could sell ice to an Eskimo then this could actually be a great student money making idea. You get paid commission on new sign ups (typically around £20).
Rent out your house for filming
Directors for TV and film are always on the hunt for houses to film in. For instance, a scene for Coronation Street was recently filmed in the student house one of the Save the Student editors used to live in!
Rent out your body
If you are comfortable taking off your kit then why not try life modelling. Sit there in the buff while budding artists capture your every curve (or pokey bits) in frightening detail! Try RAM, a website especially designed for these kind of jobs.
You could also get involved in clinical drug trials, but be sure you fully appreciate any risks attached.
Warning: Do not do anything you are not comfortable with, no matter how desperate you are for money!
Sell clothes on eBay
Everyone’s best friend when it comes to getting rid of junk is eBay. Online auctions are a sure-fire way to turn that sleeveless jacket (which came in and out of fashion in a week) into hard cash.
Some eBay sellers look at trends and try to predict what will be big ahead of the market. If you are good and don’t mind taking a risk then you can buy early in bulk and sell on when the craze hits.
Sell your stories and videos
If you have an interesting story then you could try selling it to the papers. It could be anything from sleeping with a professional footballer to getting caught in a clothes horse!
One of the Save the Student team was unfortunate enough to have a pigeon fly through and smash their window at university and sold the story to The Sun for a tidy £50.
You could also film your mates at all times and send it into You’ve Been Framed to net yourself £250 and a few seconds of fame.
According to recent stats we now watch more videos on YouTube than searches on Google. And with the recently introduced YouTube Partner Program you can now profit from making and uploading videos. You will receive a percentage of the advertising revenue collected per 1,000 views.
Depending on how successful you are (virality, subscriber base and topic) you can make a lot of money, and there are plenty of stories every week of more and more YouTubers making it their career.
Also known as Multi-Level Marketing (MLM), this is a business model that allows you to generate ongoing income in two ways: by making a commission selling products and by recruiting other members who go on to sell. The latter allows you to make money from the sales made by those you have recruited.
Importantly, this is not a pyramid scheme (they are illegal) because there is an end goal which involves a customer buying a product or service of value.
It’s also not a ‘get rich quick’ scheme. You will have to work I’m afraid! However with the growth of social media, network marketing is becoming easier and lots of people are now making a decent living from it.
Source property for wealthy investors
We all know how much money there is in property, but on the surface (with house prices as high as they are) you might be thinking this market is off-limits.
Truth is, lots of people make a great deal of cash simply sourcing suitable properties for wealthy investors who simply have no time.
The trick is to find properties below market value (BMV) by avoiding estate agents and instead flyering your area with your contact details offering to buy houses. Then approach investors with a no-brainer offer to pass on the details of cut-price property in exchange for a % of the sale value.
Most cities will have monthly networking events for landlords and property investors. Track these down, sign up, put on your best suit and go along with lots of business cards. Or you could start on LinkedIn or even Twitter to build some initial contacts.