10 EASY WAY TO MAKE MONEY ONLINE
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.
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.
3.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.
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.
5.Sell your Photos
If you think you’ve got a good shot and a little creativity, try uploading your photographs for free to stock websites. A good starting point is Adobe Stock or Getty Images.
Make more money selling photo subjects that have fewer search results but you feel would have some demand.
6.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.
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. Get started with our guide to making money as a private tutor.
7.Buy and sell domain names
A domain name is just a website address (eg. ‘savethestudent.org’ or ‘mysiteus.com’) and there are lots of extensions (.com, .net, .co.uk etc).
They cost as little as $0.99 to register with GoDaddy.com yet premium domain names can fetch $1,000s if not millions when sold on. In 2007 VacationRentals.com went for a cool $35m!
Now you’re probably not going to come across anything like that, but you can still turn a quick profit with a bit of searching.
8.Gigs on Fiverr
Fiverr is now the world’s largest marketplace for people to make money selling small services (known as Gids’).
What you offer could be absolutely anything, from writing and translating, social media posting, playing pranks and teaching to creating music, voiceovers and short video clips for people all around the world!
The default price is $5 (hence Fiverr..), but you can attach extra services to gigs for more money. Whilst it might not seem like much, it can quickly add up and there are plenty of examples of people making a really good living from the site. The key is to get a system in place which minimises the time spent on each Gig.
9.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 Bluehost 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.
10.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.
Follow George’s complete guide to trading on eToro to learn more. I think $200 is a good amount to get the most out of the learning curve by trying out a few different markets. If nothing else you’ll learn a great deal about various investments and industries.
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.