CIT Bank offers an interest rate of 1.85% on money market accounts — more than 15x the national average. Just like with a checking or savings account, your money is FDIC secured, there are no monthly service fees, and you can access your funds any time. All you need is $100 to open an account and start earning more money on the cash you already have.
At CafePress (cafepress.com), you can create shirts, posters and bumper stickers and sell them to the site's 6.5 million users. Each item has a base price; you decide the markup. When someone buys a product, CafePress prints it and ships it, and you get a check for your total markups once a month. Tamara Remedios, whose day job is running Restaurant Week in Hoboken and Jersey City, started a popular customized T-shirt store on CafePress called Wear My Name in 2001, on which she spends about 10--15 hours a month. Her average markup is $6, and her busiest months net about 100 sales. "I put everything I make in a bank account and go on a vacation each year," she says.
Fiverr: Israeli-based Fivver was started in 2010 by Shal Wininger and Micha Kaufam. It's a great resource for selling just about any service online. You can offer gigs as low as $5 but also get paid much more for upgrades and add-ons. There are plenty of providers earning 6 figures on Fiverr so it's definitely a worthwhile cause for generating a healthy income. Just ensure that you provide some serious value.
Creating space for banner ads on your website is another way to generate a revenue from adverts. However, for this type of advertising, you will need to contact businesses directly and ask them if they would like to advertise on your website. The upside is that you can charge a set amount, or even a recurring monthly fee, to business to promote their services on your site. Using a WordPress plugin like AdSanity is an effective way to manage this type of advertising.
Mystery shopping can be a way to earn a little money moonlighting close to home. Also known as secret shopping, it involves pretending to be a regular customer at a business and then providing feedback on your experience to the company that hires you. That company then aggregates the feedback of multiple mystery shoppers to let the business know how it can improve. However, these types of jobs can also be the bait for work-at-home scams, so you have to be very careful and know the signs of mystery shopping scams.
Drop shipping is another great ‘hands-off’ way to sell products. Firstly you will need to find businesses that sell products in your niche that offer a drop shipping service. Then you will need to create a website promoting and selling the products. When you make a sale, you take the payment on your site and then the manufacturer ships the goods to the buyer. The profit comes from charging a higher rate than the manufacturer, and if you are selling a high number of products this can quickly add up to a healthy revenue.
Rose and others looking for employment this summer: Retry the babysitting idea. Summer is a good time to babysit. Maybe volunteer a few times first and then use those families as references. Tell everyone you know that you are available to babysit. Use email, Facebook, fliers, word of mouth. Also try offering a set time every week, like Tuesday evenings form 5-9 pm in your home. Parents know they can drop off their children without calling ahead. They really appreciate that. It takes time and persistence to get the word out, butit can be done!
If you live near a university, there are likely all sorts of research studies looking for participants. While I was an undergrad at Virginia Tech, I got paid $500 to participate in a 6-week dietary study. The study provided all my meals and paid me, but I had to eat a 5,000 calorie diet of 50% fat for 6 weeks, plus I had multiple muscle biopsies, urine/blood testing, etc.
Finally, when looking around for the right personal finance software that meets your needs, make sure that you’re comfortable with the program’s interface. It shouldn’t be expected that you recognize every single feature instantly, but if the features don’t seem readable and manageable to you, then you’re not as likely to use it and get the full benefits.
Great list! I have another to consider that I personally have 35+ years experience providing. Clean up litter outside commercial properties on foot using inexpensive hand tools. It’s almost as easy to do as going for a walk! I started doing this as a side gig in 1981 and soon grew it into a profitable full-time business. I share my experience in my book, Cleanlots.
Another option that isn’t quite cash back but is along the same lines of “make money by saving money” — the Honey Chrome extension. Whenever you head to your cart to check out, Honey searches for online coupon codes or better deals from different retailers. That means no more wasted time Googling “[insert store name] coupon code” just to come up empty-handed. Honey does all the legwork for you!