New research commissioned by Vistaprint showed that Britons make an average of £6,604 annually through side hustles and secondary income. This is a fair bit of small change, yet many simply don’t know where to get started with their side hustle. Here are the top 9 ways to make some quick, extra money online and the websites to get paid from.
While taking paid surveys won’t make someone a millionaire overnight, these paid questionnaires are generally easy and quick to do.
The survey sites will usually pay in PayPal or gift vouchers, and some of the more popular sites include i-Say, Swagbucks, Surveyeah and Toluna.
While taking online surveys won’t make you rich by any means, a few minutes of your time can earn you a few extra pounds.
It’s never been easier to become a freelancer in any field, as the lockdowns have seen side hustles rise in popularity and freelance websites along with them.
If one doesn’t have experience in their freelance field then it will be difficult at the start to get good payment out of it.
However, sites like Peopleperhour, Fiverr and Upwork are very popular because they allow people to set their own freelance prices, meaning one can slowly build up their reputation and their price list at the same time.
Home-schooling and online teaching have seen a sharp increase during lockdown, the demand for tech-savvy online teachers and tutors has also dramatically increased.
This position is similar to freelancing as one can work as much or as little as they want, and teaching English as a second language could earn a teacher up to £1,400 per month.
TEFL has a great reputation in the online teaching industry as does Tutor Hunt.
Usually the application process for this side hustle can be rigorous, it certainly makes up for it with a high hourly pay in comparison to other side hustles.
TaskRabbit has a database of household freelance workers and connects them with potential clients.
Some of the tasks include putting furniture together, running errands or helping someone move items.
Robo-advisors are the new frontier of passive investing as it puts ones investments on auto-pilot, such as M1 Finance, Betterment and Wealthfront.
This is not ideal for high-risk, short-term investments that need to watch the market in order to pull out at the correct time, but for beginners and medium-term investments, robo-advisors are the most cost-effective way to get the best chances of a successful investment.
This flexible work option also pays a handsome hourly wage depending on who the person is assistant.
Additionally, this position just requires a little bit of computer and cell phone expertise and a flexible schedule so they can be there when a client needs.
Virtual assistants can make up to £11 an hour.
Rent your belongings
Platforms like Ebay, AirBnB, Etsy and Craigslist makes it incredibly easy to rent or sell almost any item, from spare rooms to old shoes.
Etsy is known to be one of the easiest platforms to create a sellers account on, but both Ebay and Etsy have small fees attached to their selling platforms.
Textbooks, especially if they have study notes included either written by the seller or as part of a course, can fetch a high turnover due to their demand but it’s important to check for any copyright issues that might be invoked by selling the textbook.