Making more money could likely solve a lot of your problems. In the past, we’ve talked about how teens can make money, but for those of us who are a little older, we need something a little more sophisticated than the $10 that comes from mowing lawns.
Luckily, in the age of the internet, making extra money (or your whole paycheck) online is incredibly easy if you know where to look.
Here are 21 ways to make (and save money) online:
1. Become a virtual assistant
Virtual assistants can make up to $16 an hour. You can work part time or full time, and your schedule can be relatively flexible, as long as it lines up with whomever you’re working for.
What you need to be a virtual assistant:
Head set or cell phone
Good communication skills
2. Sell or rent your belongings
This could mean selling a few things here and there on Ebay, running a full-fledged online store, or renting out your home (okay, so that’s not entirely online, but it starts out there).
Ebay may seem old school, what with Amazon and Etsy, but selling stuff you don’t need is a great way to make extra cash.
You can make a free account, but you’ll be limited to how much you can sell. If you want to sell more than 50 items a month online, you’ll need to sign-up for one of Ebay’s subscriptions.
Starter: $4.95/ mo with annual subscription
Basic: $21.95/ mo with annual subscription
Premium: $59.95/ mo with annual subscription
Anchor: $299.95/ mo with annual subscription
Enterprise: $2,999.95/ mo with annual subscription
Each comes with different selling caps, and the higher the subscription, the lower the fees.
Etsy’s setup is a lot more satisfying than Ebay and even Amazon. But, just like Ebay and Amazon, Etsy does have some fees to consider if you’re planning on just casually selling. The fee schedule goes as follows:
$0.20 USD for each item that you list for sale
When you make a sale you’ll be charged a transaction fee of 3.5 percent of the price you display for each listing
If you want to go real old-school, you can sell your items on Craigslist. While there’s a lot that can go wrong on Craigslist, it’s still one of the most used sites—mostly because it’s free.
Sell your text books
Textbooks are expensive—too expensive for most. So, if you have old textbooks you’re never going to look at again—or never looked at in the first place—selling them can make you back some of the money you had to spend.
If you buy your books from Barnes and Noble, they make it easy to sell them back at the end of the year!
Rent your home on Airbnb
Unless you’ve been living under a rock, you’ve probably heard of Airbnb. If you have an extra room, or even a whole house you’re willing to rent out, you could earn a hefty side income.
There’s a cost when it comes to listing on Airbnb, You’ll be charged three percent of the booking total. Since you can set prices, however, you’ll still have quite a bit of control over how much you can make as an Airbnb host.
3. Become a freelancer
If you have a talent, chances are, you can sell your skill. Whether you’re a writer, artist, graphic designer, photographer, etc., there’s a freelance gig for you. Let’s cover a few possible freelance angles for you to take.
It’s easier than ever to become a freelance writer (all of our writers at Money Under 30 are freelancers). With that being said, if you’re just starting out it can be difficult to find a writing job that will pay you more than pennies.
We have advice here, on how to actually get hired for a freelance job. Also, a good place to start looking is Fiverr. It’s called Fiverr, because most people would charge just $5 for their services—some people still do that, others charge a lot more.
If you like to teach and have some free time, consider teaching English as a second language. VIPkid is an excellent service that connects North American teachers and tutors with students around the world for one-on-one English lessons.
The application process is rigorous, but you could make between $14 and $22 an hour—not necessarily the most competitive, but still decent.
Do small tasks
If you’re not prone to creativity, you can still make money online by offering your handyman (or woman) services on TaskRabbit.
Many of the tasks advertised on TaskRabbit involve tasks such as:
Putting furniture together
Picking up groceries
Search the gigs section of Craigslist
Along with TaskRabbit, you can search the “gigs” section on Craigslist. Many of the gigs are hoaxes, but there are some that are legit. There are gigs that involve computer skills, writing skills, general labor, cleaning, etc.
4. Get a cash back credit card
Applying online for a cash back credit card is great way to earn money on purchases you already plan on making.
There are many credit cards to choose from—here are just a few we recommend. Let’s dig a little deeper into our favorites.
5. Invest in real estate
Investing in real estate online is a great form of passive income if you’re open to a little risk.
Real estate crowdfunding involves many investors investing small amounts of money into real estate ventures.
One company on the rise when it comes to real estate crowdfunding— RealtyShares. You can invest with them for $5,000.
6. Take surveys online
While taking online surveys won’t make you rich by any means, a few minutes of your time can earn you a few extra dollars.
There are a number of websites that will pay you to take surveys:
Harris Poll Online
National Consumer Panel
7. Download money-making apps
If you already shop online, downloading money-making apps can earn you cash every time you shop. Let’s take a look at some of the best apps.
We like Drop because it’s easy-to-use and lets you earn gift cards for the money you’re already spending.
All you have to do is sign-up using the Drop app, or online and link a debit or credit card. Then you pick five of your favorite brands from a list Drop provides. Make sure you choose carefully, because you can’t change these once you’ve picked.
Now, all you do is shop at those places and your points will start adding up.
8. Create a blog
If you can create a niche audience for your blog, you can make an entire paycheck—just ask our founder.
To start earning money by blogging, you’ll need to use certain advertising tactics, the best for start-up blogs is:
Advertising and affiliate marketing
Affiliate marketing makes it possible for small blogs to stay in business. Rather than getting paid per 1,000 page views or per click—which is the traditional middle—affiliate advertising involves an advertiser paying an affiliate publisher (your blog) when it refers a paying customer.
9. Open an online savings/checking account
Opening an online savings and checking account can earn you a much higher interest rate than at traditional banks. Our favorite banks are below:
Discover Bank Online Savings Account
The Discover Online Savings account earns you a 1.80 percent APY—that’s $90 in interest annually for every $5,000 you deposit. There’s also no minimum balance required to keep your account open.
Read our review.
Aspiration Summit Checking
The Aspiration Summit Checking account lets you earn up to one percent.
You’ll earn 0.25 percent APR on balances up to $2,499 and one percent APY on balances $2,500 and over.
In addition, the Aspiration Summit Checking account has no minimum balance requirements, no monthly services fees, no minimum monthly deposit, and no ATM fees.