What if you could make money online — using stuff you already own?
From the outfits in your closet to your Twitter account, you’re surrounded by money-making assets. But it’s important to know how to make money online the right way, without falling prey to internet scams.
Get ready for 24 unique ideas on how to make money on the internet, using the skills and items you already own.
How to make money online, using stuff you already have
1. Flip domain names
You’ve probably heard of flipping houses, but what about flipping domain names? If you’ve got creative ideas for a website name, buy the rights on a site such as GoDaddy. Then, you can either wait for offers or head over to Flippa, where you can resell the names to the highest bidder.
According to Flippa, thousands of people sell domain names every week. To date, website “flippers” have made over $205 million in sales.
2. Get paid for your tweets
These days, companies rely on influencers to get the word out about their products. If you’ve got a big Twitter following, you could get paid to tweet about a company.
Head to a site such as PaidPerTweet or SponsoredTweets to get started. You set your own price and choose who to work with. You might tweet website links, press releases, or product promotions to create buzz.
3. Share your car
Thanks to the sharing economy, rental car companies aren’t the only ones who can lend vehicles to travelers. If you’ve got a car, consider renting it out through a service such as Turo. All you need to do is create a listing and upload some clear photos.
You set the price and receive about 75 percent of the trip price, fees, and any extra mileage charges. For anyone feeling uneasy about sharing their car, Turo’s insurance policy might put your mind at ease — the company covers $1 million in liability insurance and 24/7 roadside assistance.
4. Rent out your bike, surfboard, or snow gear
The costs of building your gear collection can add up — so why not make some money back by renting it out? Spinlister lets you list your bike, surfboard, or snow gear to others who share your active lifestyle.
You set the price, and Spinlister takes a 17.5 percent cut. Renters will be held liable for any damages, and Spinlister offers some liability insurance as well — up to $1,000 for snowboards and skis, $2,000 for paddleboards and surfboards, and $10,000 for bikes.
5. Sell your clothes online
Cleaning out your closet is never fun, but maybe this will motivate you: You can turn your old clothes into cash.
Local secondhand stores tend to give you only a small fraction of an item’s selling price. You could make much more moving your business online.
6. Let people borrow your clothes
You don’t have to say goodbye to your favorite outfits to make money off them. Instead of selling your clothes, try renting them out.
Style Lend is one service that connects clothes lenders and renters. After signing up, you’ll earn 80 percent of the rental fee, plus $6.50 for dry cleaning.
Style Lend only accepts higher-end brands, and your clothes can’t be more than two years old. As long as your items meet these requirements, it’s easy to sign up and start making money off your wardrobe.
7. Open your own crafts store on Etsy
Sell your one-of-a-kind arts and crafts to buyers across the world through Etsy. It’s free to open your own store, and you get to set your own prices.
Etsy charges 20 cents per listing, along with a 3.5 percent transaction fee and small payment processing fee. Plus, it has extensive customer support to help you build your successful Etsy store.
8. Become an affiliate marketer on Pinterest or Instagram
You might have noticed “#ad” next to certain Instagram and Pinterest posts. This label discloses that the image is an ad and contains an affiliate link. If you take some action, such as clicking on the link or buying the featured product, the account owner will make some money.
Anyone can participate in affiliate marketing through sites like Rakuten, Shopstyle Collective, or even Amazon. You’ll need to stay active with your accounts and find products that appeal to your followers. As you grow your audience, you could make more money.
9. Sell your old technology
Instead of letting your old DVDs and game consoles collect dust, sell them through Decluttr. This marketplace for tech helps you sell cell phones, CDs, DVDs, tablets, books, and even Legos by the pound.
To get started, enter the barcode of the item you wish to sell. Decluttr will quote you a price and help you out with free shipping. As long as your items are in good quality and worth at least $5, you can sell them on Decluttr.
10. Fund a peer-to-peer loan
For a big payday, consider investing in peer-to-peer loans. As the name suggests, peer-to-peer loans are funded by everyday investors rather than by big banks. Companies like Prosper and Lending Club let you get started with a minimum investment of $25.
However, you might have to meet income requirements if you reside in certain states. To invest with Prosper, for instance, residents of Alaska, Idaho, Missouri, Nevada, New Hampshire, Oregon, Virginia, and Washington must make at least $70,000 per year and have a net worth of $70,000 or more.
If you meet eligibility requirements, you can choose which loans you want to invest in after reading the borrower’s profile and assessing the risk. Loans with a higher risk might come with greater returns, but you could also lose your money if the borrower defaults.
According to Prosper, investors see average returns of 7.24 percent.
11. Resell event tickets
Scalping tickets outside of a concert hall or sports game is illegal, but reselling tickets online isn’t a problem.
If you get your tickets early before an event sells out, you can resell them on Stubhub or Craigslist. You set the price, but make sure to comply with any applicable ticket resale laws in your area. You should also note that Stubhub takes a 10 percent cut of the final cost.
12. Scour garage sales and sell your finds online
A few years ago, one lucky person bought a $3 bowl at a yard sale. After discovering the dish dated back to ancient China, they later sold it for $2.2 million dollars, reported CNN.
Although you likely won’t achieve that level of success, you could make decent money selling treasures you find at garage sales. Scoop them up at a low price and resell them for a profit on eBay.
13. Write and publish an e-book
Whatever your area of expertise, consider writing a book and publishing it online. It’s easy to self-publish on Amazon, and you’ll earn royalties of up to 70 percent. To boost sales, try advertising on Twitter, your own blog, or through word-of-mouth.
14. Make money on your photos
According to InfoTrends, people take more than 1 trillion photos every year. Instead of leaving them on your smartphone, make them available for purchase with the Foap app, which connects amateur photographers with major brands.
If a company buys your photo, you’ll make 50 percent of the purchase. Just make sure you’ve gotten your friend’s permission before putting a photo of them up for sale.
15. Get cash back on your college textbooks
You’re probably not rereading your college textbooks after your courses have ended. Pass on the learning to the next set of students by selling back your textbooks.
Sites like Chegg will buy back your textbooks. Although you won’t recoup the original cost, you’ll still make some money back.
16. Sell musical instruments
Musicians can buy and sell through Reverb, an online marketplace for instruments and music gear. The site has over 200,000 sellers and 650,000 buyers. Reverb charges a 3.5 percent transaction fee. The site also gives tips on pricing your items and setting up an online shop customers will notice.
17. Get healthy and earn cash
Using health app Achievement could be good for your body and your wallet. This app connects to fitness apps, including Fitbit, MyFitnessPal, and Strava. Whether you’re recording your jogs or tracking your food, you’ll earn points and turn them into cash. You earn $10 for every 10,000 points.
18. Sell lesson plans to other educators
If you’re a teacher, you probably share resources with other educators in your department. Open up access by selling and sharing your materials on Teachers Pay Teachers. You can sell lesson plans and other resources to help others design their curriculum.
19. Rent out your parking space
Parking spaces are hard to come by, especially if you live in the city. If you’ve got a coveted spot, consider advertising it online. You could rent it out to someone through Craigslist.
Residents of Boston and Chicago could also use the SPOT app. This parking spot-sharing app has plans to expand soon to Philadelphia, Los Angeles, San Francisco, Seattle, Miami, and Washington, D.C.
20. Share space or instruments with other musicians
Whether you have extra microphones or a vacant studio space, check out rental marketplace Sparkplug. You list your available instruments or rehearsal space, and interested musicians will get in touch. You have control over who you rent to and when. Sparkplug charges a small service fee.
21. Rent out a room or your whole apartment
To date, Airbnb has connected more than 200 million guests with 4 million listings worldwide. Whether you’ve got an extra room or an entire home, you can rent it out to travelers and make serious money.
Based on your zip code and space, Airbnb gives you an estimate of how much you can make each week. You choose who can stay and when, plus you set your own house rules.
If anything should happen, Airbnb offers “host guarantee” insurance of $1 million. The company charges a 3 to 5 percent service fee.
22. Share the contents of your fridge
Groceries cost money, but they can also help you make money online. The National Consumer Panel (NCP) will pay you to scan and share the barcodes of your refrigerated items every week. The organization might also ask you to answer questions or share your opinions in a panel every once in a while.
You’ll earn points for your efforts, which you can use to shop for merchandise or gift cards in the NCP catalog. You’ll also be entered into weekly sweepstakes, where you might earn bonus points, gift cards, or cash.
23. Sell back your junk mail
Junk mail can feel like a waste of paper and time — but it can put money back in your wallet. The Small Business Knowledge Center wants to see what you’re getting in your mailbox. This market research company will send you a Visa prepaid card in exchange for your unopened letters.
24. Find unclaimed money
Believe it or not, you might have unclaimed money floating around online. Perhaps you’re owed a refund from an old tax return or overpaid medical bill, or maybe you moved states and accidentally left some assets behind.
Whatever the reason, you can track it down on sites like Unclaimed.org.
Anyone can learn how to make money online
When it comes to making extra cash, your computer or phone could hold the answer. Thanks to online marketplaces and cash-generating apps, it’s never been easier to make money online.
Instead of focusing on how to make money fast online, you could build an entire career on the internet. These websites will help you find a full-time remote job you can do from anywhere with Wi-Fi.
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To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants will qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest fixed rate loan rates range from 3.89% APR (with Auto Pay) to 5.87% APR (with Auto Pay). Variable rate loan rates range from 2.47% APR (with Auto Pay) to 5.87% APR (with Auto Pay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms 10 years or less. For loan terms of 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 1.82% and 5.50% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of Month/Day/Year, and are subject to change based on market conditions and borrower eligibility.
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4 Important Disclosures for LendKey.
Refinancing via LendKey.com is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via LendKey.com. If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. Lenders participating on LendKey.com reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it endorse, any educational institution.
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