We all want to make more money, most of us just don’t know how or we fall victim to scams that cost us money. So what are some easy ways to make money on the side? In this post, I highlight 10 such ways. All don’t require much time or effort and none of them are scams. Of course, you get out of them what you put into them. Therefore, some reading this might make money using tip 5 while another person won’t. Just something to keep in mind.
Easy Ways To Make Money On The Side
Open Bank Accounts: There are many banks out there that offer a cash bonus for opening an account with them. Back in the day, the bank would give you a toaster or a blender, but now it is cash, baby. All you have to do is look online for banks in your area to see what the bonus is. Many times it is around $100-$200. Make sure you read the fine print for how to qualify. In some cases, you need to use your debit card and set up a direct deposit. If you don’t want to go through the (little) work, you can sign up for a Capital One 360 Savings account while in your underwear and make $25.
Open Credit Cards: This is another great option. Most credit cards now offer new cardholders a signup bonus when they activate a card. If you spend $3,000 over the next 6 months, you will get 50,000 bonus points. While the conversion to dollars isn’t great, you can use these points for free flights or hotel stays. So while you aren’t technically “making money” you are getting something for free.
Enter Giveaways: There are giveaways all over the internet. Some offer free books while others offer Amazon gift cards or plain cash. Again, cash amounts vary, but usually range between $25 up to $1,000! Most even offer multiple chances to win. You can find out about current giveaways here.
Sell Stuff: Odds are you have a ton of stuff laying around your house you never use. Sell it. Use Craigslist or ebay to sell your stuff. Once you get the hang of listing things, it becomes a breeze.
Cut Expenses: Again, not technically making money, but when you cut your expenses, you save money which ends up leaving you with more of your hard earned cash.
Automate Savings: Once again, I’m blurring the lines here, but this service is too great to not mention. Just take 3 minutes to set up your free account and have money automatically transferred to a savings account. I can’t believe how easy it is.
Invest: When you invest in companies that pay dividends, you are making money. There are a handful of options for choosing a broker to invest with and you can compare the popular ones here. For ideas with what to invest in, check out Dividend Mantra. It’s a great site that will help you pick great companies and earn a decent dividend.
Sell Scrap Metal: If you have scrap metal laying around, don’t just toss it, sell it! I collect the wires that come with electronic purchases that I know I never will use. When I am throwing out an old item that doesn’t work, I cut the power cord and save it. These cords have copper wiring inside. Once I have a box full, I take it to my local scrap yard and make some money. The current price for this is around $0.25 a pound. Collect 100 pounds worth and you made $25. I’ve done this a few times now and walk away with around $60 each time. It takes no work at all either. You can even take it a step further and collect aluminum cans too.
Drive For Uber: If you have some free time, you can drive for Uber. This especially works well if you live close to a large city or near an airport. While incomes vary depending on where you live, you could make around $25 an hour after Uber takes it cut. The key to making money with Uber though is to be smart and learn the ropes.
Sell Yourself: Can you sing? What about draw? If you have any talent, you can start making money on Fiverr. The options are endless for making money on the site. As you get more and more positive reviews, you will start getting more and more money. Add on additional services and there is no limit to how much you can make.
So there are 10 easy and fun ways to make money on the side (and here are a handful more!). Just by picking a few of these could turn into a few thousand dollars a year. Heck, I’m only picking the selling stuff option and plan to make $3,000 this year. To find ways to make money, you have to keep an open mind and take advantage of a situation when it presents itself. As I said at the beginning, not every tip will work for everyone. You have to pick and choose to see what makes the most sense for you.
Readers, what tips would add to this list?
[Photo Credit: Steven Depolo]