How to Make Money From Home | 11 Ways
Estimated reading time: 8 minutes
Table of contents
RELATED: 37 Unconventional Ways to Save Money
Wasting your life traveling to and from work and looking for ways to make money from home? Here are 11 ways you can earn money while at home.
Skip The Commute and Earn Money At Home
1. Online Remote Jobs
With connectivity being such a normal thing these days, more and more jobs are being outsourced to remote workers. You have a multitude of choices ranging from Transcriber, English Teacher, Chat or Voice Support, Virtual Assistant, or even Freelance Writing. Some of these jobs can be a great side hustle while others might even be your standard 8-hour job, with the added benefit of being done from the comfort of your own home. This is a great way to take back the hours you waste commuting to and from work! Websites like Upwork or Indeed are great places to search for that next remote job.
2. Rent Out Your Spare Room
If you have a spare room in your home, a great way to earn extra cash is to rent it out through Airbnb. It’s great because listing your property is free and the entire transaction is handled by the website. Also, as a protection for their hosts, Airbnb does not allow any cash transactions to take place. With 24/7 support, insurance coverage for its hosts, and a verification process for its guests, Airbnb looks out for its renters. Besides, no one is using that room anyway, so why not make a few bucks off it? You might even get to meet some new friends too.
3. Rent Out Your Car
You can rent out almost anything online, even your vehicle. Similar to renting your spare room on Airbnb, you can rent out that idle car in the garage. With websites like Turo and Getaround, you can get your car to pay for itself! Cars depreciate the moment you drive them off the lot. If you rent out your car for 15 days every month, you can potentially earn about $6,500 a year for just renting out your car. It’s a great alternative to doing it yourself as an Uber or Lyft driver.
4. Trade Cryptocurrency
Bitcoin was all the rage last year with its price skyrocketing to $20,000 per Bitcoin. Even with its price dropping significantly, you can still potentially earn hundreds if not thousands of dollars trading cryptocurrency. Crypto Exchanges such as Coinbase and Binance make it easy to buy and sell multiple cryptocurrencies from your computer or even your mobile device. These exchanges operate similarly to how the stock market works — you buy low and sell high.
A word of caution, however, this is probably the highest-risk option on this list. Although it may also be the most lucrative way to make money online, you could potentially lose all of your investment with just one bad trade.
Because trading crypto can be risky, you can also look at trading more traditional stock options. There are many industries on the rise that could yield high returns if you get in at the right time, with companies like Primerica or green energy options being some of the most popular.
5. Start a Website or Blog
This is the most common advice you will find online and it’s quite easy to do. Sites like Wix offer not only web hosting but custom web design services as well. Don’t start counting your Benjamins yet though. This may be easy to do but it’s quite difficult to start making money off of. If you’re looking for the best way to resell concert tickets, creating a whole website isn’t ideal. If you’re looking for something more sustainable, you’ll need to work at it. There are multiple ways to monetize your site through things like Google Adwords or Affiliate links, but the main issue here is getting people to read your blog!
RELATED: Money-Making Side Hustles | Which One Is Best For You?
6. Be a YouTube Content Creator
Very similar to starting a blog, this is essentially the video version of a blog — a Vlog. YouTube even uses almost the same monetization systems as a website or a blog. Videos you upload will show ads, which are connected to Adsense, and you can also have affiliate links. As a YouTube Content Creator, you do need to learn how to use video editing software and you need to invest in decent video and sound recording equipment too. You have the option to cover a multitude of topics like food, cooking, beauty, fitness, and even gaming.
7. Stream Video Games
Jump on that Fortnite train! Many gamers around the world make good money just by streaming their gameplay sessions live to thousands of viewers. Similar to YouTube content creation, you need decent video and audio recording equipment. You also need a decent computer to stream and play a video game at the same time. Streaming also needs specialized software to broadcast your gaming session to websites like Twitch and YouTube.
8. Post Reviews
One of the more unusual entries on this list, you can actually make money writing product or restaurant reviews. Websites like Swagbucks or GrindaBuck make it easy to make money doing everyday things like leaving reviews or even shopping your favorite online retailers. You can earn straight-up cash or gift cards from various retailers. Although it does take a lot of work to get some decent money, it gives you the ability to earn some extra money while doing the normal everyday things you already do.
9. Video Game Tester
A preferred choice for gamers everywhere, certain websites allow you to test mobile games from your home and make money at the same time. Gametester gives you a selection of games you can download on your device to test and help find bugs and errors. Although not just fun and games, searching for bugs within a game can be challenging. If you’re already swiping away on Candy Crush, why not try to make a few bucks while playing random games?
10. Take Surveys
Similar to a previous item on this list, you can also earn a little extra by taking surveys. How much you can make is based on how many surveys you are willing to do. Not to be mistaken as a get-rich-quick scheme, you need to answer quite a few surveys to make some good money. It’s something great to do in your free time to make a little extra cash. Visit the American Consumer Opinion and create an account for free and start earning now!
11. Do Microwork
Microwork is a great way to do things at your own pace, freelance style. You can offer your on-demand services such as graphic design, video editing, content writing, programming, and many other quick and easy tasks. Check out Fiverr and offer your services to anyone willing to pay! People around the world get to check out your service and can request your service or a “gig” as they call it. All gigs start at $5, hence the name Fiverr, and can go up to thousands of dollars depending on the service offered.
Learn how to make passive income in this video from Pat Flynn:
Managing Your Money
Now that we’ve talked about all of the ways that you can make money from home, it’s important to understand that you need to manage this to the best of your ability. There are plenty of apps out there that can help with this if you need assistance keeping your finances on the right track. We do also recommend hiring estate attorneys to help you get everything in order, as you never know what’s right around the corner!
What do you think is the best way to make money from home? We’d love to hear your thoughts in the comments section below!
Up Next:
