10 ways to earn passive income 2020
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 as a publisher on the awin network 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.
2.Mobile phone recycling
You can earn good money and help the environment by recycling your old mobile phones and other unused devices. Maybe ask your parents if they have any lying around too.
Head to our page onmaking money from old phones for the best companies to use and how to ensure you get all the cash quoted to you online
3.Become a 'Clickworker'
4.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.
5.Get cashback when shopping
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.
6.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.
7.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!
8.Review music for money
If you love music, make it your business by reviewing unsigned bands and artists online for cash with slicethe pie
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
9.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 nexus note and stuvia 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.
10.Sell second-hand course books
One great way to make money is to buy other students' textbooks 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 market place (just bear in mind they take a commission on books sold).
Comments