Everybody needs to make some extra money once in a while. If your mortgage, your children, student loans, or some other expenses, have drained your monthly cash flow, you may need to make some extra money quickly.
There are plenty of ways people make an extra $100 in a day. Whether it’s a short-term work-from-home gig or cashing in on a unique promo opportunity, let’s take a look at some different options out there.
#1 Get Paid for Your Opinion
Paid survey sites won’t make people rich, but they are a way some choose to make a bit of extra money in their spare time. Market research companies are hired by businesses to find out more about consumers. They often use surveys to gather data, and they pay survey takers for their time. Some survey sites include Branded Surveys, Inbox Dollars, Survey Junkie, and Swagbucks.
#2 Earn Cashback and Rewards
If you do any online shopping, you may be familiar with cashback and reward apps. If you find something you want to buy online, and buy it through an app such as CapitalOne Shopping, you can receive rewards. Some shoppers do a quick “comparison shop” between different apps to make sure they get the best deal.
#3 Rent Out Your Space
Some homeowners who have a spare room in their house, start renting as a way to generate extra income. Sites like AirBnB make it easy to rent out extra space. To create a listing you simply need to offer a description, upload some photos, and set a price. State when the room will be available for rent and perhaps state some house rules (some people don’t allow smoking or pets).
#4 Lower Bills and Cut Subscriptions
There are a lot of side hustles out there. It can also be wise to look at current spending and see where potential cutbacks could be made. Many people overpay on car insurance, credit card interest, cell phone service, cable TV, internet, and don’t shop around for the best deals. Many people have subscriptions to multiple services and could save money by cutting back.
#5 Join the Gig Economy as a Freelancer
There is an ever-growing number of ways to make money as a freelancer. Some people work with delivery apps such as DoorDash or Postmates, where people pay you to pick up their food or delivery and deliver it to their door. There are many opportunities for writing, editing, or proofreading documents online. Data entry, graphic design, and becoming someone’s virtual assistant are all viable options for making some extra cash. Sites like Fiverr and Upwork provide platforms for employers and employees to connect.
#6 Affiliate Marketing
Some business owners or influencers who have active blogs, YouTube channels, or social media platforms, make money from affiliate marketing. Some influencers make a full-time living from blogging. As well as affiliate marketing, revenue can be generated from adverts, sponsored posts, offering consultancy services, building and selling products or online courses.
Many people generate passive income and long-term financial freedom through investments. This always comes with its own risks and is never guaranteed to make money. It can be wise to work with a consultant. A low-risk, low-yield option is to put money into savings accounts. A higher risk option, with potentially higher yields, is to invest in the stock market. There are many stock market websites to frequent for investment ideas.
#8 Become a Teacher or Tutor
There is currently a huge market for teaching English as a second language. This can be done from the comfort of your own home, with just a computer and a headset. VipKid and EF English First are some popular platforms used for teaching. Tutoring can be done online or in person and can cover any topic, from chess, to guitar playing, to macrame, to permaculture.
#9 Help With Product Testing
Before a big product launch, brands try to get as much feedback from potential customers as possible. Product testers agree to try out potential new products and give their honest feedback. In exchange, you can receive free products or get paid. You will usually be screened according to your location and demographic, and then matched with suitable products.
#10 Wrap Your Car
Car owners have the potential for placing advertising on their cars and getting paid. With the Wrapify app, they track your journeys for 50 miles and then decide if you are eligible. You must be 21 or over, have a clean driving license, and have a car that is from 2008 or newer. Each advertising campaign lasts from 1 to 12 months.
#11 Sell Crafts
Many creative people make their own crafts and sell them on websites like Etsy. It’s also possible to buy products in bulk and sell them for profit. By having an online store, you can set your own hours, make things that you enjoy, and earn a bit of cash. The key is to sell items that people actually want to buy.
#12 Get Paid for Going Online
The Nielson app collects data by tracking online activity. By simply installing it on your smartphone, you will be paid $50 a year, if you live in the US. All the data is collected anonymously and won’t be linked to you. UpVoice is an app that will pay people for regularly browsing sites such as YouTube, Twitter, LinkedIn, and Amazon. UpVoice collects data about the ads you see and matches it with their demographics data to create marketing insight. All the data they collect is anonymous.
#13 Get Paid to Play Games
Mistplay is an Android app that literally pays you to play games on your phone. To start getting paid, simply download the app, install a game, and after 2 to 5 minutes of playing you will start earning units. Share feedback to earn extra units. Developers use your feedback to improve the game before launching it to the public at large.
If you need to make a bit of money on the side, it will always require work. Whether you want to start doing some freelance work, product testing or renting out your space, you can always find an extra way to make money. You may need to try multiple side hustles before finding something that really works for you.
Hi, I’m Ellie! I’m passionate about millennial financial planning and use my website to help educate my generation on making smart decisions with their money.
Looking back upon my upbringing, it’s scary to see how a lack of fundamental financial knowledge can really disadvantage a family, and a generation who grow up in that household. So I made the decision to help educate others who haven’t been so fortunate as I was.