How can you earn extra money online?

There are many ways to subsidise your current income and earn extra money online. See below my top tips to earning some extra dosh…

Survey Sites

You can earn some extra pennies from completing surveys online. Companies will pay you per survey completed, and most offer simple payment into your paypal account or a BACS transfer.

Image Showing survey on a tablet used to earn free money

My favourite sites are Prolific (the site does not screen you out so there is generally more money to make for less time spent), Swagbucks (Not just a survey site, but offers well-paid surveys and points are exchanged into vouchers or paypal payments) and Voxpopme (Takes slightly longer to get high paying surveys, but once you have built up plenty of information into your profile, you can actually gain a lot from this site).

All of these sites are also available on the app store and google play store, so easy to use at home or on the morning commute.

Sell your old stuff online

What’s that old saying…one mans trash is another man’s treasure… Well that’s very true. If you are a little strapped for cash and want to earn some additional money, the best place to look is closest to home. Those old jeans from topshop that you never wear, those running trainers that you bought never to even use the gym membership, and old games and toys that your children used to play with before moving onto the next craze. 

These items are all valuable to someone, and there are many ways to sell online which offer both ease and convenience.  A few to try out…

Ebay – the king of the reseller is always a brilliant option because it is well-known and attracts lots of traffic. There is a higher chance of selling on ebay, than there would be other smaller websites. The process to sign up is stress-free and you can be selling in no time. Ebay also offers some great deals, such as maximum selling fees, so that you can avoid paying large fees back on the items that you have sold. 

Facebook Marketplace -Most people will be aware of facebook marketplace, and I suspect many people will have browsed and bought items, but what could facebook do for your old things?

Well, the answer is a lot, because marketplace offers you the chance to sell to those in your local area, with the buyer either collecting directly from your house, or with a choice to drop off to them. The benefit of this is getting the cash in hand, meaning no fees paid on top like on many other online sites which you may sell with. 

Depop – Describing itself as the creative community’s mobile marketplace, depop offers you with another platform to sell your pre-loved goods.

Typically more known for the sale of clothes, many people are able to style their golden oldies and sell them for a higher rate than you would do by selling them on other websites. Again, I found the sign up process as pretty easy, and it’s more accessible to share with your friends and your online community. I think a nice touch is to add the clothes as styled, to show others what they are purchasing and how it may look. 

Some other useful places to sell your things online – Gumtree, Shpock, Musicmagpie, CEx. 

Matched Betting

I could, and probably will, write a whole blog post on Matched Betting, but for now, you may be asking yourself what is it, and why should I be using this as a method to subsidise my income? 

Matched betting is a tax-free way of earning money, at low risk. What you say? Betting, low risk? 

Yes, Matched betting is a method whereby a bet is put down against a particular game, race etc. An example here is that I put a bet down for a team to win a football game, I then use an exchange site to “lay” this bet, which essentially secure my money, by also betting for this same team “to not win”, covering the eventuality that team could both draw or lose.

There are many other bloggers and websites that explain matched betting at a detailed level, but my best advice would be to try it out using a free trial. Profit Accumulator is my favourite website to use, and you can take advantage of their brilliant sign up offers which guarantee you to earn at least £45 profit. 

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