Entering general or business competitions is a great money-making tactic as its simple, fast and exciting. With an average of 30,000 competitions uploaded at any one time in the UK alone, there’s no shortage of opportunities to win big. Competition prizes vary from freebies and cash to sports cars or even houses. To start winning prizes,… Continue reading 14. Enter competitions
Category: Online Methods
13. Get paid to test websites and apps
Before launching a website or app, companies employ usability testing to evaluate how easy a service is to use and to expose any bugs or glitches. You can earn money as a user tester with just a computer and a microphone. For many tests, you’ll need to record yourself so that the company can evaluate… Continue reading 13. Get paid to test websites and apps
12. Start dropshipping
A rapidly growing branch of eCommerce is dropshipping, a retail method of selling online without ever physically handling the stock. Instead, you’ll only order products from your supplier when you receive orders from customers. Crucially, the products are delivered directly from the supplier to the customer, saving on upfront investment and storage for stock. To… Continue reading 12. Start dropshipping
11. Start trading online
Trading online can be a lucrative money-maker: online trading involves buying and selling stocks, shares and currency, typically through an online broker, to make a profit. In recent years there has been a boom in the number of people trading online. The FOREX market alone, a market which trades different currencies, sees a daily trading volume… Continue reading 11. Start trading online
10. Start an eCommerce store
Creating an online shop, known as an eCommerce store, is a lucrative way to make money online. An online shop is far more profitable than its brick-and-mortar counterpart as it eliminates the need for expenditure on rent and property insurance. ECommerce stores also offer scope for massive growth as you can target customers from anywhere… Continue reading 10. Start an eCommerce store
9. Buy and sell domains (Domain Flipping)
In 2010, the website domain CarInsurance.com sold for over £38 million. This figure by no means represents your average domain sale but demonstrates just how profitable the market can be. The low investment cost of purchasing domains makes it a great way to make significant extra income. You can purchase domains from domain registrars… Continue reading 9. Buy and sell domains (Domain Flipping)
8. Create and sell stock photos
Are you a passionate photographer? Selling stock photos is a fantastic way to turn your hobby into a profit. Individuals and companies purchase stock photography to save time and money in place of arranging a photo shoot. Writers of blogs, news stories and website owners also need stock imagery to use on their pages. Companies… Continue reading 8. Create and sell stock photos
7. Buy and sell limited-edition street-wears
Resellers buy trending products and sell them on for a profit. With a spike in popular demand for limited edition streetwear from brands such as Supreme and Yeezy, existing resellers are seeing returns upwards of 10 times their initial investment. Limited edition items are the most profitable products to resell. As a result, the resale market… Continue reading 7. Buy and sell limited-edition street-wears
6. Become a Youtuber
Do you fancy yourself as a YouTube sensation? Getting started is easier than you think. The practicalities are straightforward: you’ll need a camera, a computer, some editing software and a high-speed internet connection to upload videos. Becoming a successful YouTuber takes hard work. You’ll need to be consistent with uploading content and choose a popular… Continue reading 6. Become a Youtuber
5. Buy and sell cryptocurrency
Trading in cryptocurrency involves buying digital currency such as Bitcoin, Ethereum and Litecoin for a specific price and selling it for a profit through platforms such as Coinbase exchange. Cryptocurrency is decentralised, meaning its exchanged directly from seller to buyer without the bank as the intermediary. In theory, crypto is therefore immune to government interference. At the… Continue reading 5. Buy and sell cryptocurrency