Last week we were talking about shopping apps and the benefits of keeping receipts and looking out for offers. We're staying online for this week's Finance Fridays and looking at ways to make money online.
Selling your stuff – Probably the most well-known and easiest way to earn money online. eBay has long been the go-to site but also try Gumtree, Preloved, Shpock and Facebook local selling sites and its own sales page. For books, computer games, DVDs, CDs and Blu-Rays try more specialist sites such Music Magpie, We Buy Books, Zapper and Ziffit.
Buy to sell – Most people think the above sites are for getting rid of your unwanted items but many people buy stuff in order to sell on for a profit. One way to do this is to trawl charity shops and car boot sales for bargains. Another way is to buy boxes or bags of random items from local selling sites and sell items individually online.
Get creative – If you have a crafty skill such as making jewellery, pottery, clothes or bags then get them on Etsy.
Franchising – If you're good at selling then franchising could be for you. There are companies offering everything from candles to party supplies and local parenting magazines. Some will require an initial investment from you so think carefully before entering into any contracts or handing over any money. One of the benefits is that often the franchise is a well established name already. This also means you can be backed up with websites and marketing advice. Do be aware that some franchise opportunities are Multi Level Marketing (MLM) companies which run in a different way and aren't suited to everybody.
Make while you spend – If you buy anything online then check if you can get cashback on it. Some of the most popular sites are TopCashback, Quidco and Kidstart.
Surveys – If you spend your evenings watching TV make some money by doing some surveys at the same time. It can take a time to build up some money but its a nice little earner when they do pay out. Try Swagbucks, 20 Cogs and YouGov.
Affiliates and advertising – If you have a blog or website think about linking to products through affiliates. The customer doesn't pay any more for the product but you receive commission from it. You can also apply for advertising banners to display on your website. Some work by earning money from them when people click on them and others are based on the number of views you get.
Do you earn money online? Have you thought about extra ways to make money?
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