On this post you’ll find all the best ways to make money in your spare time whilst at university based on our own experience. I’ll keep adding new ways to this post so go ahead and bookmark it. And please do share your own ideas in the comments!
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
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.
3. ‘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.
4. 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.
5. 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“.
6. 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‘].
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Aniket Raj(Mr.Tech Boy)