40 easy ways to make money quickly
By Owen Burek in Make
Money. Updated February 2015.
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On this page you’ll find all the best ways to make money in
your spare time whilst at university based on our own experience. We’ll keep
adding new ways to this page so go ahead and bookmark it. And please do share
your own ideas in the comments!
Top
ways to make money online and offline
1.
No-risk
matched betting
It works
by taking advantage of free bets regularly offered by betting sites (such as WilliamHill.com)
through ‘matching’ them at a betting exchange. Matched betting eliminates the
risk (you are betting both for and against a certain outcome).
This leaves
you being able to squeeze out the free bet, which can be as much as £200!
Multiply this by how many betting sites there are and you can quite easily come
away with a profit of a few hundred pounds.
Owen walks
you through how to make your first £15 profit (using a real life example) in
this gem of a guide to matched betting.
If you know of any better way to make £30/hr sitting at home, please let us
know!
2.
Online
surveys
An increasingly popular way for students to make money is to fill out online surveys in their spare time. Research companies are always recruiting new members to answer surveys and test new products.
For a few
minutes of form filling, you can make a couple of quid which is paid as cash or
in rewards. You can make up to £3 for some surveys!
A few good
ones to try are: Toluna, Vivatic, The Opinion Panel, MySurvey, YouGov, SurveyBods, Valued Opinions, iPoll, Global Test Market, Hiving, PanelBase, Harris Poll, Opinion Outpost, Yourword, Pinecone, IPSOS, New Vista.
Also sign
up for Swagbucks.com which rewards you for surveys
as well as simply surfing the web, watching videos and playing games.
Update: See our new full guide to the best paid online surveys!
3.
Paid for
searching the web
Interested
in earning cash for doing what you already do online? This has to be one of the
easiest methods of making money online without really any effort or change in
your behavior.
This
innovative idea by Qmee.com rewards you
for searching in Google, Bing or Yahoo. You just install a simple add-on to
your browser and when you conduct a search there may be a few sponsored results
alongside your normal search.
Each Qmee result has a cash reward attached – if you are
interested in it simply click on it and collect your reward.
The best
thing is there is no minimum to cashout – our first one was just 72p wired to
our Paypal account. You also have the option to donate it to charity.
Sign up
now for free and start earning from your own searches! Click here to start.
4.
Social
Investment Networks
The
historically hard-to-break world of investing in stock markets and currencies
has been cracked wide open. Today there is no need to be a fat cat or fund the
yachts of Wolf of Wall Street style stock brokers. You can do it all
yourself with the help of free online market trading platforms.
Having
spent many hours researching this new opportunity, I’ve been experimenting with
eToro.com which has over 4 million users
worldwide. It was recently featured in the BBC 2 documentary “Traders:
Millions by the Minute” and the Financial Times.
Follow
George’s complete guide to trading on eToro
to learn more. I think $200 is a good amount to get the most out of the
learning curve by trying out a few different markets. If nothing else you’ll
learn a great deal about various investments and industries.
Warning:
trading can be volatile and you can lose money, so don’t throw your life
savings into it!
5.
Mobile
phone recycling
See how
much you can get for your old mobile phone using our in-house mobile
phone price comparison tool! Maybe ask your parents if they have
any lying around too.
You can
get some good money and help the environment by recycling mobile phones with
certain companies listed on the comparison tool. Most
phones are shipped off to Asia to be dismantled and we know of at least one
student who received a £120 cheque in return.
6.
‘Get Paid
To’ sites
The most
popular sites today are Toluna, Swagbucks.com, InboxPounds and PaidOffers.
Exciting
update! We’ll soon be launching our own GPT
service for our readers. Invites will be limited and UK only, please join our
mailing list if you’re interested in hearing once it’s live:
- The ‘Disney Vault’ secret
To keep
demand high across generations, Disney Studios carefully restrict the supply of
some home release classics. They are locked away in the ‘vault’ for 8-10 years
before being released for a short unspecified time.
Buy them
in this window at normal retail price and you can turn a nice profit when they
go off sale for another decade or so.
For example, in 2011 you could buy Beauty and the Beast
on Blu-ray 3D for just £24.99. In just a couple of years it’s now
on Amazon for a staggering £74.99!
Importantly,
not all Disney releases are subject to the vault and only the true most popular
classics will maintain such demand.
Right now
there are just 2 titles out of the vault which I would recommend snapping up.
They are Bambi Diamond Edition Blu-ray for just £13.50
and Cinderella Diamond Edition Blu-ray for £14.
8.
Start your
own website
And of
course there are lots of stories out there about successful students who have
started a site while at university, or even bought a domain name and later sold
it for 1000s.
In fact, Save
the Student is one such example of a website started at university by Owen Burek in his first
year, which has since grown into a full-time and successful enterprise.
Read
Owen’s 4-step guide to setting up a website if
you’re interested in finding out more. It’s really not that difficult to get
started and there are plenty of opportunities to make money online.
9.
Write and
publish a Kindle eBook
If
students are good at anything, it’s researching and writing. With the Amazon
Kindle store, anyone can publish an eBook and make money.
And the
Kindle app is now available on almost any device (laptops, iPads, smartphones
and yes, Kindles) so your global market is huge!
List your
book for £1.49 – £6.99 and you earn 70% of the sale. Considering Amazon is the
ultimate selling machine (and remember people are looking to spend), that is a
fantastic deal.
Another
big tip is to have a great cover designed so it stands out, and once your book
is live on the Kindle store (approval takes less than 48 hours) it’s really
important to get some reviews so it shows up higher in results. Encourage
readers to leave an honest review at the end of your book.
The best
thing about this lucrative idea is that once you’ve invested the time (say 20
hours), you’ll earn a passive income for years to come! For a step-by-step
guide to publishing and earning with eBooks, see “How to
write a nonfiction eBook in 21 days“.
10.
Affiliate
marketing
If you’ve
got a good presence on social media or perhaps you even have a blog or website, you can start
bringing in money immediately by promoting all sorts of companies, products,
services and offers online.
To take it
a step further, set up a website (read our guide) or a
topical Facebook page and invite all your friends to join it and post your
affiliate offers on there.
11.
Review
music for money
If you
love music, make it your business by reviewing unsigned bands and artists
online for cash with Slicethepie.
It can
take a while to build up your reputation but some users of the site have said
that they earn £40 a month. This may not sound like much, but if it’s something
you enjoy then it shouldn’t be hard work and is another thing for your CV. Money you earn
will be in $US but anyone can sign up and review.
To get started, head over to Slicethepie now or read our quick guide for more
info.
12.
Competitions
Entering
competitions of course comes with no guarantees, but there is a growing
community of so-called ‘compers’ in the UK consistently making up to £50,000 a
year through all sorts of competitions.
Types of
competitions available to enter range from simple registration forms and
Facebook page liking to answering questions correctly over the phone to being a
TV game show contestant. Imagine you made it onto Deal or No Deal
instead of just watching it!
Start by
entering our very own monthly student competition (Like our Facebook page to see when our next one
is)!
For loads
more tips on achieving success and making money from competitions, read our guide to entering competitions.
13.
Claim tax
back
Many
students work part-time or during the summer months, and others will be on
placements or paid internships. More often than not, if you are a student
working during the year, you will be overpaying income tax.
Why?
Simply because few students reach the personal tax-free income allowance each
year but are put on an emergency basic tax-code by their employers
meaning tax is being paid when it shouldn’t be.
14.
Get
cashback when shopping
I earned
this much in 2 years
This is
not only a way to make money but also to save money as a student. If you look
at it in a different way then you are making money with every purchase you
would have made anyway, whether it be 10% or 0.5% cashback.
There are
a number of cashback sites out there which pay you the commission they
otherwise would have earned.
We
recommend signing up with both Top Cashback and Quidco.com which are free and offer the best
selection of retailers and exclusives.
15.
A
part-time job
However,
depending on where you live, jobs are not always easy to find. Check local
classifieds, our student job search,
student
job websites and your university careers service for vacancies.
It’s also
worth signing up with the Graduate Recruitment Bureau,
a free service which will match you with both part-time jobs or graduate
opportunities.
Read our
guide to finding a
part-time job whilst studying for more tips.
16.
Gigs on
Fiverr
What you
offer could be absolutely anything, from writing and translating, social media
posting, playing pranks and teaching to creating
music, voiceovers and short video clips for people all around the
world!
The
default price is $5 (hence Fiverr..), but you can attach extra services to gigs
for more money. Whilst it might not seem like much, it can quickly add up and
there are plenty of examples of people making a really good living from the
site. The key is to get a system in place which minimises the time spent on
each gig.
But there is another way to profit even more from Fiverr for
potentially far less work. How? By simply reselling gigs elsewhere. For
example, find a decent logo designer then reply to jobs on Elance or even local classifieds. A $5 spend can
easily become $50+, and it’s repeatable!
If you’re
not interested in selling at all there’s SO much good stuff you can get done
for yourself. Have a browse and get inspired!
17.
Sell
second-hand course books
One great
way to make money is to buy other students’ text books at the end of the year,
and then sell them just after freshers’ week – when the new intake of students
know that they need them!
You can
either advertise on campus or list them online very easily on Amazon.co.uk Books Trade-In (just bear in mind
they take a commission on books sold).
For more
tips on selling items online click here.
18.
Become an
Amazon ‘Mechanical Turk’
Don’t ask
us what this means, all we know is that it’s an easy way to make fast cash from
your sofa. The concept is based on ‘internet crowd-sourcing’ where businesses
advertise specific, scalable tasks they need completing quickly.
There are
a variety of tasks (known as HITS), but most commonly they involve mindless
data entry or form filling. You are rewarded in cash (though $USD) for the work
you do, and you can choose for what and when you work. Give it a go [Update: Currently US signups
only, try ClickWorker].
19.
Buy and
sell domain names
They cost
as little as £1.99 to register with 123-reg.co.uk or GoDaddy.com yet premium domain names can fetch
£1,000s if not millions when sold on. In 2007 VacationRentals.com went for a
cool $35m!
Now you’re
probably not going to come across anything like that, but you can still turn a
quick profit with a bit of searching. The trick is to find available domain
names which have some commercial value, snap them up and then list them for
sale on a site like DomainLore.
20.
Mystery
shopping
We’ve
recently come across a really fun smartphone app called Streetspotr that
pays you in cash for completing various tasks in your local area. So definitely
check that out first!
More
traditionally, there are plenty of agencies that pay you to visit all sorts of
shops to feedback on how they are performing. For more info on where to apply
see our guide to becoming a mystery shopper.
21.
Be an
extra
Do you
fancy yourself as a budding young actor or just that person that walks past in
the background shot of an episode of Eastenders? It could be you if you
apply to be an extra.
The pay
isn’t bad either – £60-80 a day on average, and you hardly have to do anything!
You can
apply at Be On Screen for a number of opportunities or 2020 casting is another agency (just know they
take a cut from your earnings).
22.
Sell all
your old CDs, games and movies
The best
thing about it is that you can rip all the songs and films onto your laptop or
external hard drive before selling them. This means that you are only really
selling the plastic and artwork!
You can
earn anything from 10p to £20 per item, and the earnings can really add up if
you have a large collection. Whilst you’re at it, see if your parents have any
‘clutter’ they’d be happy to see the back of.
You can
also sell almost anything for free on Amazon Trade-In or Preloved and sites like MusicMagpie will pay you instantly for sending in
unwanted items.
For more
tips and places to sell check out our guide on selling
DVDs, CDs and games.
23.
Sell on
your education!
Become a
tutor to local GCSE or A-level students (find out more about tutoring here).
There are now a few online tutor sites too, so you can go also global without
too much hassle.
You can
advertise on SchoolsTrader or sign up with Bright Young Things & UK
Tutors. You can expect to earn around £10 an hour. However, make
sure you don’t have to do too much tutoring around your exams!
24.
Sell your
photos
If you
think you’ve got a good shot and a little creativity, try uploading your
photographs for free to stock websites. A good starting point is Fotolia
or istockphoto.
Make more
money selling photo subjects that people are demanding, and there’s a great
resource to find this out here. It might be a good
idea to test them out in print first yourself (get free photo prints here).
25.
Rent out
your car parking space
Or, check
out our full guide to renting out your parking
space.
26.
Work as a
charity collector
Ok so this
job takes a certain kind of person, as you’ll have to take a lot of rejection
and be persistent.
But if you
are bubbly, personable and reckon you could sell ice to an Eskimo then this
could actually be a great student money making idea. You get paid commission on
new sign ups (typically around £20).
27.
Babysitting
Be warned
that you will need a CRB (Criminal Records Bureau) check to look after small children,
even though some parents may not ask for one. If you are wondering what to
charge, then look at local ads but you can expect to be paid over £6 hour even
if you aren’t trained in child care. It really is easy money (unless you get
stuck with the child from hell!).
28.
Become a
freelance interviewer
Do you
have ambitions to take on a career in HR? Do you love asking questions? Believe
it or not, there are companies that will ask you to carry out interviews for
them and pay you for your time. It couldn’t be simpler.
You could
make £185 a week plus have your travelling costs covered. The downside is that
you will have to commit to at least 20 hours a week, so make sure that you have
the time! Apply at NatCen.
29.
Dog
walking
Dog
walking may sound trivial but it’s big business. Just think that as a student
you’re likely to have free time during the day when others are out at work and
worried about their pets at home.
You could
make around £7 a dog for a 1 hour walk, and it’s also a great way to keep fit.
Sign up to and try sites like Tailster that match you up with dog owners.
Alternatively advertise your services locally with fliers or on classified
websites such as Gumtree.
30.
Rent out
your house for filming
Not only
can you make good money but it’s crazy seeing your own place on TV. Start out
by looking at film-locations.co.uk.
31.
Rent out
your body
If you are
comfortable taking off your kit for a more acceptable cause then why not try
life modelling. Sit there in the buff while budding artists capture your every
curve (or pokey bits) in frightening detail! Try RAM,
a website especially designed for these kind of jobs.
You could
also get involved in clinical drug trials. If
this scares you a little then you can find more information here about what’s involved.
Warning: Do not do anything you are not comfortable with, no matter
how desperate you are for money! There has been an unhealthy rise in student
prostitution in recent years – do not fall victim to it!
32.
Freelance
work
Perhaps
you enjoy writing, managing Facebook pages or doing a little bit of graphic
design in your spare time. There are so many freelance jobs out there that
require simple skills or just time that someone else might not have.
And the best
things about freelancing is that you can work for clients in the UK
and around the world with just an internet connection from home, to your own
hours whilst developing valuable skills.
A great
place to start is with the leading freelance site Elance.com. Or try using our student job search to find
freelance jobs.
33.
Busking
There are
really no tips for this except choose a good spot with high footfall, make sure
you are good and play your heart out. Some buskers in the past have been known
to make upwards of £20 hour.
34.
Sell
clothes on eBay
Some eBay
sellers look at trends and try to predict what will be big ahead of the market.
If you are good and don’t mind taking a risk then you can buy early in bulk and
sell on when the craze hits.
For lots
more tips on selling on eBay read this guide.
35.
Sell your
stories and videos
If you
have an interesting story then you could try selling it to the papers. It could
be anything from sleeping with a professional footballer to getting caught in a
clothes horse!
One of the
Save the Student team was unfortunate enough to have a pigeon fly
through and smash their window at university and sold the story to The Sun
for a tidy £50.
You could
also film your mates at all times and send it into You’ve Been Framed to
net yourself £250 and a few seconds of fame.
36.
Sign up
for psychology experiments
These are
the things you may get to your student e-mail inbox from your university or
careers service every now and then. They aren’t dangerous and usually don’t
require too much effort or time. They tend to compensate you quite well (around
£10/hour), and they may even interest you!
It’s worth
bearing in mind that these are different from the medical or body
experiments/horror stories that you hear about. There will (hopefully) be no
strange probes involved!
37.
YouTube
videos
Depending
on how successful you are (virality, subscriber base and topic) you can make a
lot of money, and there are plenty of stories every week of more and more
YouTubers making it their career.
For more
tips read our guide to making money from YouTube.
38.
Network marketing
Importantly,
this is not a pyramid scheme (they are illegal) because there is an end goal
which involves a customer buying a product or service of value.
It’s also
not a ‘get rich quick’ scheme. You will have to work I’m afraid! However with
the growth of social media, network marketing is becoming easier and lots of
people are now making a decent living from it.
This is a
serious way of making good money on your own terms and it’s well worth reading
up on it. I recommend getting “The Business of the 21st Century” by Robert
Kiyosaki.
39.
Source
property for wealthy investors
Truth is,
lots of people make a great deal of cash simply sourcing suitable properties
for wealthy investors who simply have no time.
The trick
is to find properties below market value (BMV) by avoiding estate agents and
instead flyering your area with your contact details offering to buy houses.
Then approach investors with a no-brainer offer to pass on the details of
cut-price property in exchange for a % of the sale value.
Most
cities will have monthly networking events for landlords and property
investors. Track these down, sign up, put on your best suit and go along with
lots of business cards. Or you could start on LinkedIn or even Twitter to build
some initial contacts.
As you
might imagine, this isn’t necessarily a quick way to make money but once you’ve
got a few investors in your phone book it can prove to be very lucrative in the
long run. If you’re interested, I recommend reading this
book.
40.
Advertise
your other skills
The key is
to be creative and think outside the box. A writer at Save the Student
actually made small models out of beer cans and wire and sold them to other
students. Great idea with big profits!
There are many other creative ways
to make money as a student. With any luck you’ll be on the road to making millions!
Please feel free to share your own ideas by leaving a comment below.
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