Making Extra Money Online

Making Extra Money Online: The Savvy List

Let’s not lie; almost everybody would love to make some extra money on the side from home or from your cellphone. If that’s you, keep reading because you are in for a treat.

There are so many ways to make money online that are unknown from the general public that I would be ready to bet that there is at least one new way you will discover today in this post.

All these methods are as varied as it comes. Some of them need more effort than others. We will detail everything we could find and to give you the best guidance if it is something that you would like to pursue.

Are you ready for some extra online income?

Making Extra Money In This Information Age

In this era we live in, data is the name of the game. Your data, your opinion, and your point of view are worth more than you think.

There are a lot of companies that will pay you for it and some of them require no efforts at all. Here are some known reliable ways to make some extra money using these methods.

Making Extra Money Online With Surveys

Answering questions about your preferences in exchange of money is not a too shabby way to make money from home isn’t it?

Thousands of people from all walks of life rely on surveys to make extra bucks each month. Here is a list of the most popular, secure, and reliable payers.

Swagbucks

The most popular and legitimate online loyalty program company for a while now. They have launched in 2008 and have paid out over 350 million dollars to their members so far.

In order to make money on their platform, you just need to sign up for free and to use one of the different ways such as filling surveys, playing games and benefit for their many offers.

As the name of the company indicates, you will be rewarded with SB – Swagbucks – for each achievement you complete.

Survey Junkie

Another well-known website that will pay you to fill surveys. The service is available for the residents of the US, Canada, Australia over 13 years old.

Similar to Swagbucks, you need to take some specific actions in order to be rewarded with points, which can be later be converted to cash (or e-giftcards if you are a US resident).

Vindale Research

They are a legitimate research company that was created in 2005. Through the years, the provided insights to some famously known brands such as Netflix, Disney and Amazon to name a few.

You can open an account for free and accumulate cash that is redeemable once you achieve $50 or more in points. To be paid, you need to be a resident of the US, the UK, Canada, or Australia.

Links: [Swagbucks] [Survey Junkie] [Vindale Research]

Pros

  • Anyone can do it
  • Free to join any program
  • You can do it anywhere on your phone

Cons
  • The earning potential are not high

Making Extra Money With Mobile Apps

Rakuten

This is a huge company (currently the main global partner of FC Barcelona). Among the many things they do, they offer a cashback service through Rakuten Rewards.

It is very simple to use. All you have to do is open a free account and send them the receipt of what you buy online (they have partnerships with over 2500 stores worldwide). You will then receive a cashback through the mail or Paypal every quarter. Simple as that!

Ibotta

It is the same business model as Rakuten. What is interesting about them is that you can receive cashback from groceries like Walgreens and Instacart!

Definitely the main up and comer in the cashback app business.

Dosh

It is a cashback mobile app that works a little differently than the 2 other presented here.

When you download the app, all you have to do is to connect it to your credit cards and it will just filter your purchases and send you cashback based on your expenses. Voila!

No need to send receipts anywhere. Everything is automated as long as you make the spending through your credit card!

Links: [Rakuten], [Ibotta], [Dosh]

Pros

  • Very easy to do
  • As passive as it gets

Cons

  • To receive more money, you need to spend more
  • Cashbacks are set on a quarterly basis, which can be a long time

Make Extra Money Online By Getting Fit

What if you could be paid for being more active? This is now a reality with the following services.

With all the the different captors in your phone and wearables such as smartwatches, it is possible to track how active you are.

Lets find out about the companies that are ready to pay you to break a sweat!

Healthy Wage

Are you ready to lose some extra fat while making some extra money? Enter Healthy Wage.

This online service wants you to put your money where your mouth is in a form of a bet with yourself.

You go on the website and enter the details about your weight loss goals and the time in which you are aiming to achieve it. Then, Healthy Wage’s algorithm will calculate the amount they are willing to pay to you if you attain your goal.

Once you have followed all their instructions and gave them your measurements, it’s on! If you win the bet, they will give you back the money you put in plus the money they promised you. If you lose your bet, they will keep the money and give it to the other participants who won their bet.

You can also get some friends together and take part as a team. Depending of the different parameters, you may win up to $10,000 dollars.

Sweatcoins

This is a brilliant app that is turning your steps taken into currency.

They are aiming to become a full-fledged crypto currency, but in the meantime, we can use Sweatcoins to buy anything in one of their 300+ partners.

This opportunity is gaining popularity and is available in over 50 countries. So the more you walk, the more you earn!

Achievement

This app is very similar to Sweatcoins, but it has a much broader approach. With Achievement, you can track anything that is trackable.

From food intake to sleeping habits to physical activity, the app will take the info and use it for research. And they will reward you with money that you can keep for yourself or to give to charity.

Links: [Healthy Wage], [Sweatcoins], [Achievement]

Pros

  • You get incentivized to be active!
  • Some apps are giving serious payouts
  • You are helping scientific research

Cons

  • It is not for everyone
  • The payouts demand physical work
  • The payouts are not substantial

 

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Making Extra Money Freelancing

Freelancing has been for a while now, a very viable way to make extra money online. In fact, it can generate much more than some options presented before. You can make a full-time income and even more. It all depends on your approach.

Even if most jobs can be done as a freelance, not all of them can be done online. Here are the most popular ways that can to work from virtually anywhere with an internet connection.

Proofreader

Does English -or any other language- has no secret for you? Maybe you should consider proofreading on the side. With over 4 million blog posts published every day and growing, the demand for proofreading is not going down soon.

Interested in turning your love of English into a profit? I suggest that you set your self apart with a solid foundation.

My recommendation if you don’t know where to start would be that you go have a look at The Art Of Proofreading Website. Phon, the founder of  AOP, is a professional editor that will teach you the ins and outs of freelance proofreading. I strongly suggest you to go through her free courses first and judge for yourself if this is for you.

Writer

Very similar to proofreading, the demand for writers is sky high.

This is a great method to make extra money online in any language that you are comfortable with. The earning potential varies wildly depending on your writing skill and the writing you are specializing in.

For example, an experienced copywriter in a niche such as finance can make up to $300,000 per year. This is not the norm, but it is possible.

I firmly believe that in order to succeed as a freelance writer, you have to specialize. Being an expert in a specific type of writing will allow you to command higher fees.

Here are some suggestions on where to start for the niches I believe are the most promising:

Grant proposal writing: I love this niche because it allows nonprofits to not rely only on the government money. Using your writing to fund causes that matter excites you? Have a look at this incredibly reputable Grant Writing course on Udemy.

The Teacher of this course Tim Whitney has helped the Illinois Division of Mental Health unlock 4 million dollars in grant! He knows his thing!

Copywriting: If making lots of money is your goal, copywriting is probably the most promising writing niche I know. You will need to first build a portfolio that demonstrate prior results.

Once you’ve manage to show that your writing sells, you name your price. There are 2 books that are extremely popular among professional copywriters : Hey Whipple! and Influence.

Note: if you are not yet member to Audible, you can have both of these audiobooks  for free on sign-up!

Trade Publication Writing: Are you part of a particular industry that has high barrier of entry? Trade publication writers could be in demand in your field.

A specialist in a specific field could be paid as much as 1$ per word (compare this to the 0.03 – 0.04 cents payouts of the generalist writer).

There are many different possibilities out there. Have a look at tradepub.com for a repository of B2B publications you could be writing for.

This is not the most glamorous and epic writing, but it sure does pay!

Web Developer

Are you already a coder? You could get paid to build websites or even small softwares such as WordPress plugins and themes. Or can  you build android or ios apps?

There are plenty of opportunities for people with experience. This is a solid way to make extra income. If WordPress is your thing there is a HUGE market and opportunities for side income.

English Teacher

You can teach basic English to students all over the world if it is your first language.

VIPKID is a company that connects English teachers and elementary school Chinese kids in order to offer one on one English learning sessions through video calls.

All you need is a bachelor’s degree and English class experience. VIPKID is standing at #1 on Forbes list of the best work from home company.

Transcriptionist

Are you a fast and efficient typist? Maybe transcription would be a good side income for you. Transcriptionists often write a text from video or audio recording. They can also transcribe from handwritten docs to file.

There are many courses out there that will help you get started. Among them, Transcribe Anywhere is a popular course that has a great reputation of successful students.

With the explosive growth of video content all over the internet, there is no chance of not finding gigs.

Transcribe Anywhere will not only get you updated with the industry standards in terms of tools  to be more productive, but cover the business side as well.

With them you will know how to find clients, how to approach them and how much to charge for your work.

Virtual Assistant

Also called VAs, they are often the jack of all trade freelancers.

Sometimes executive assistants, sometimes data entry clerks; they are often the entrepreneur’s main productivity human resource. Their salary varies from $35 to $50 an hour. The demand for VA is constantly increasing.

If you are interested in learning more about becoming a VA, take 15 minutes to read this comprehensive breakdown of how to become a virtual assistant by Horkey Handbook.

She describes what you need to know like what types of service you can provide, how to land your first clients, and deciding on your price structure.

Facebook or Google Ads Buyer

You are a strategist? You have some experience with Facebook ad campaigns? In total, companies of all sorts invested over 54 billion dollars in advertising in 2018.

Knowing how to maximize ad spend returns for companies is a precious skill.

Facebook ad managing for local businesses is a great way to make an extra income from home. Facebook is not going anywhere, so it is safe to say that getting to learn how it works is valuable.

You are interested in knowing more? A good way to get started would be to learn the techniques in an online course. I suggest the Facebook ads mastery by CourseEnvy or The Ultimate Google Ads Course by Isaac Rudansky on UDEMY.

Not only you will have a step by step on how to use paid advertising to drive qualified traffic to any website,  but the courses will also give you proposals and contract templates so you can have all in hand to get your first clients.

Pros

  • Transferable skills from your day job
  • Higher Revenue Opportunity
  • Can be done part time or full time

Cons

  • Steeper learning curve than other methods
  • Will require some pitching if you want to get clients

Making Extra Money With An Online Business

Being a successful online business owner is the professional holy grail for a lot of Millennials. This is a long haul option that is not guaranteed to succeed.

It needs a mix of marketing knowledge, talent, and luck.

Like every businesses, most people fail at achieving success online, but even though it’s hard, the rewards compensates for the hardships many times over.

There are tons of business models online; let’s look at the most promising ones.

Dropshipping

Dropshipping is one VERY lucrative way to make money online. Just to illustrate how much, this is how Kylie Jenner started selling her branded makeup kits. She eventually made a vast portion of her fortune and became the youngest self-made billionaire at the age of 21 according to Forbes.

Dropshipping is when you sell physical goods through an online store. The only difference with traditional ecommerce is that you don’t hold any inventory or you manufacture any products. Often, you conclude an arrangement with the factory that creates the products to ship them directly to the customer.

You need not to be a celebrity to benefit from dropshipping. There are a lot to understand about logistics, marketing and ecommerce in order to be successful with dropshipping. An easy way to get started is to is through the teaching of one of the most popular ecommerce platforms out there: Shopify. I love them because they know what they are talking about and tons of people using their platform are making a killing with dropshipping. They have a workshop  you can join at no cost. Learn the basics of dropshipping is risk free.

Blogger

If you think blogging is dead, think again! Blogging is not exactly what it was 15 years ago, but it is still a legitimate business model to make extra money online. It is common to hear about bloggers who are making a lot of money doing it. On the extremes, we are talking of up to 6 figures… per month. Yes, that’s right.

Blogging involves a lot of creativity and web knowledge. At the same time the barriers of entry are very low. Learning how to set up a blog and get to post content is not a guarded secret. With WordPress that is free, and a basic hosting service, it is not too expensive to give it a try.

Like dropshipping and every other business, this is not a get rich quick scheme. You will need to put a lot of work in and have a lot of patience, but to those who succeeds at it and build an audience, it will widen you professional horizons like nothing else.

I would recommend you to do the free course given by Pat Flynn  named Build Your Own Brand. Pat is very successful blogger and runs the Smart Passive Income website. His courses will take you from zero and will leave you with a brand, a website and a solid foundation on what to blog about.

Digital Marketing Agency Owner

You are a natural salesperson and you have a vast professional network? This business may be the right one for you.

You can sell online based services through your agency and work with partners to do the work you can’t handle yourself. This is a very trendy way online entrepreneurs make money because it is all about closing and having social skills.

All you need is a partner on the back end to do the work and then you are in business! It takes more than that, but compared to the other online businesses, this can get you money real fast if you are talented and know what you’re doing.

You can sell any of the different services that can be done online (like the ones mentioned in the previous sections). You need to have a market strategy and be ready to go out and close local businesses. Like stated before, a solid network helps.

The most popular and scalable type of services are SEO and paid ads, but you can offer any digital marketing services. This can be email marketing management, content creation, video editing etc. There are so many courses out there that can help you get started, but what I would suggest you is to first specialize in one online skill like Google ads or SEO before starting.

Pros

  • The highest income level
  • Online spending is now widespread
  • A lot of local businesses are still not marketing online
  • Barrier of entry is super low – can be operated by only a laptop and a cellphone

Cons

  • Very competitive
  • Hardest learning curve
  • Takes A LOT of patience and hard work

Conclusion

Making extra money online is possible in many different ways. Whatever your level of engagement, there something you can do. But nothing trumps effort dedication and knowledge.

This is the final part on our series on how to get yourself on the right path financially. Have you learned anything? Is there anything you would like to know more of? Get in touch or to leave a comment below.

Let’s make this bread!

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