by: Kurniawan
1.
No-risk matched betting
Hands
down the quickest way to make a lot of money (well, without breaking the
law). Lots of students have genuinely made £100s from this technique. It’s
completely legal, risk free, tax free, and anyone can do it.
It
works by taking advantage of free bets regularly offered by betting sites
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
Credit: Julio Marquez – Flickr.com
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.
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 rewards. You can bag up to
£3 ($5) for some surveys!
A few good ones to try are: Toluna, Vivatic, OnePoll, MySurvey, SurveyBods, Valued Opinions,
The Opinion Panel, YouGov,
PopulusLive, Global
Test Market, Pinecone, IPSOS, Hiving, PanelBase, MintVine,
Opinion Outpost, Mingle,
Harris Poll, Mind
Mover, New Vista, iPoll.
Also sign up for Swagbucks 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!
4. Online market
trading
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 online market
trading platforms.
Having spent many hours researching
this new opportunity, I’ve been experimenting with the two biggest platforms: Plus500 and eToro.com.
Both offer free practice accounts, and
Plus500 also give you a free £20 (without
depositing, terms apply) for their CFD service which is worth taking up.
Overall I prefer eToro with over
4.5 million users worldwide. It was recently featured in the BBC 2
documentary “Traders: Millions by the Minute” and the Financial Times.
One of the best things on eToro is the CopyTrader feature. This lets you literally see,
follow and copy the investments of other top performing traders.
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.
Disclaimer: CFD trading can be volatile
and you can lose your entire capital, so don’t throw your life savings into
it! Trading CFDs may not be suitable for you. Please ensure you fully
understand the risks involved.
5. Review websites &
apps for cash
Well it seems like you’re pretty nifty
with a web browser, so perhaps it’s time to turn pro and browse websites as a
paid and fun job!
Introducing UserTesting.com
– a new platform that pays everyday people to review all kinds of websites.
Each review takes around 20 minutes and bags you $10 (£6.50) via Paypal.
Simply sign up
here, complete a test review and look forward to receiving websites in
your inbox.
6. 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
was on Amazon for a staggering £74.99! Importantly, not all Disney releases are
subject to the vault and only the true 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 and The Lion King Diamond Edition Blu-ray.
7.
‘Get Paid To’ sites
Similar to making money from online
surveys, GPT sites reward you in cash and vouchers for completing various
offers or activities online.
The most popular sites today are Toluna, Swagbucks
and InboxPounds.
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:
8.
Start
your own website
If you’ve ever seen
the film The Social Network then you’ve
most likely had your brain spinning as to what website you can start-up to make
you billions. 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 or
this guide to making money as a blogger 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.
The key to success with eBooks is to
create value, and write non-fiction. Simply bundling information you have
researched and complied on a common problem (eg. ‘secrets’ to finding a job)
and then presenting it in an easy to digest format (an eBook) justifies someone
spending a few quid on it.
Another big tip is to have a great
cover designed so it stands out, and once your book is live on the Kindle store
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.
Sign up to an affiliate network such as
Affiliate Window,
check their offers blog or browse the merchant listings to find something you
think your friends would be interested in, grab your affiliate link and share
it. If someone buys (can be within up to 90 days) using your link you’ll make a
nice commission.
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. Mobile phone recycling
Credit: CannedTuna – Flickr.com
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. But be aware: you won’t always get the quoted cash since it
depends on ‘condition’. We recommend Mobile Cash Mate
for the fairest and highest payouts in most cases (they sent us a £203 cheque
for an iPhone 5).
12. Become a ‘Clickworker’
The Clickworker.com
concept is based on ‘internet crowd-sourcing’ where businesses advertise
specific, scalable tasks they need completing quickly. And for us, it’s an easy
way to make fast cash from our couch.
There are a variety of tasks, but most
commonly they involve mindless data entry, web research or form filling. You
are rewarded and paid in cash (via Paypal) for the work you do, and you can
choose for what and when you work. Give it a go.
[If you’re US based, also try Amazon’s ‘Mechanical
Turk‘].
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.
Use our student tax-back service to
help you reclaim any tax you should not have paid. Just enter your details in
the calculator here to work out what you may be
owed. Otherwise for more information read our guide on claiming tax back
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 Top Cashback, Quidco.com & Swagbucks which are free and offer the best
selection of retailers and exclusives.
15. A part-time job
A part-time job is the obvious first
choice, opted for by most students looking to supplement their student loan. It
provides a pretty steady flow of income and can enable you to gain valuable
work experience.
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
Fiverr is now the world’s largest
marketplace for people to make money selling small services (known as ‘gigs’).
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 Upwork 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. 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.
18. Sell your notes
If you don’t mind sharing your notes
with other students it’s a great way to generate a little extra cash. There are
sites out there that you can upload your notes to, along with your price, and
then when another student downloads them you get paid.
Most of these sites like Stuvia & Notesale are
free for you to list your notes but tend to take a cut of your profit in order
to handle the marketing etc so that you don’t have to go out there and promote
your notes yourself.
You will most likely have to upload
PDFs but it’s worth it for the return and you can submit handwritten notes but
you’re likely to make more money if they’re typed up.
19. 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
Marketplace (just bear in mind they take a commission on books sold).
20. 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)!
Then head to our
active competitions page to enter other free competitions that we have
found. Just note that some of these sites may send you spam so use an alias
email address and opt-out of as many of the offers as possible.
For loads more tips on achieving
success and making money from competitions, read our guide
to entering competitions.
21. Buy and sell domain names
A domain name is just a website address
(eg. ‘savethestudent.org’ or ‘mysite.co.uk’) and there are lots of extensions
(.com, .net, .co.uk etc).
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 Sedo.com.
22. Mystery shopping
Today becoming a mystery shopper is
easier than you think and you can get rewarded handsomely.
We’ve recently come across a really fun
smartphone app called Roamler 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.
23. 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).
24. Sell all your old CDs, games and movies
If you are looking to make a very quick
buck, then selling your old bits and bobs that are cluttering up your room is a
good idea.
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 Marketplace 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.
25. 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 may feel as if you aren’t qualified
to be a tutor, but seeing as you are at university you will most likely have
the qualifications to tutor for GCSE or even A-Level. Some parents may feel
that their child will react better to a younger tutor, and it can be great experience,
so why not give it a go?
You can advertise on SchoolsTrader or sign up with 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!
26. 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).
27. Rent out your car parking space
Some student
accommodation comes with a drive or garage. If you aren’t using your
parking space and you live in a busy area then you might be in luck. There are
plenty of people that may work in the city centre and are fed up of paying
through the roof for daily parking.
Advertise your space on Gumtree, Parklet or Just Park.
Or, check out our full guide to renting out your parking space.
28. Become your own bank
‘Peer-to-peer’ lending is the
future of banking. It cuts out the middle-man, passing on higher interest rates
to you and cheaper loans to borrowers. And it’s all managed online from the
comfort of your sofa.
Founded in 2005, Zopa.com is the most established site lending around
£1m every day. Right now you can expect to achieve up to 5% fixed return
(before tax), depending on how long you choose to lend for.
As with any traditional bank, there is
some risk attached with peer-to-peer lending. Zopa have gone a long way to
mitigating this with their Safeguard feature, which effectively spreads your
money across a wide range of borrowers (who are also credit checked).
29. 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).
Have a look at Wesser
as well as charity websites like Oxfam.
30. Babysitting
It’s a classic money-maker, and for
good reason. You get paid (well) to watch TV and not very much else!
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, look at local
Gumtree ads, but you can expect to be paid over £8ph even if you aren’t trained
in child care.
Aside from advertising yourself, you
might want to try creating a profile on Findababysitter.com.
It really is easy money (unless you get stuck with the child from hell!).
31. Dog walking & sitting
If babies ain’t your thing, then maybe
canines are… looking after other people’s dogs is 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 bag around £7 per dog for an
hour walk, and it’s also a great way to keep fit. Join Tailster
who will match you up with dog owners. Alternatively advertise your services
locally with fliers or on classified websites such as Gumtree.
32. Rent out your house for filming
Directors for TV and film are always on
the hunt for houses to film in. For instance, a scene for Coronation Street
was recently filmed in the student house one of the Save the Student
editors used to live in!
Not only can you make good money but
it’s crazy seeing your own place on TV. Start out by looking at this site.
33. Rent out your body
According to our
recent survey, 7% of students use their body in some way to make a buck.
If you are comfortable taking off your
kit 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, but be sure you fully
appreciate any risks attached.
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!
34. 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 thing 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 Upwork.com. Or try using our student job search to find freelance jobs closer to
home.
35. Busking
If you can sing or dance then this is
your time to shine baby! Did you know that Justin Bieber started off busking?
That’s right, with a little work you can be as annoying as him.
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.
36. Sell clothes on eBay
Everyone’s best friend when it comes to
getting rid of junk is eBay. Online auctions
are a sure-fire way to turn that sleeveless jacket (which came in and out of
fashion in a week) into hard cash.
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.
37. 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.
38. YouTube videos
According to recent stats we now watch
more videos on YouTube than searches on Google. And with the recently
introduced YouTube Partner Program you can now
profit from making and uploading videos. You will receive a percentage of the
advertising revenue collected per 1,000 views.
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.
39. Network marketing
Also known as Multi-Level Marketing
(MLM), this is a business model that allows you to generate ongoing income in
two ways: by making a commission selling products and by recruiting other
members who go on to sell. The later allows you to make money from the sales
made by those you have recruited.
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.
40. Source property for wealthy investors
We all know how much money there is in
property, but on the surface (with house prices as high as they are) you might
be thinking this market is off-limits.
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.
There are many other creative ways to
make money as a student, such as our 50 business ideas.
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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