Steven and Chris

Ways to Make Money Online

Financial journalist Rubina Ahmed-Haq often shares great tips on how to save money, but this time she suggests some ways you can make money online! Would you try any of these?

1. Selling Stuff

You might be familiar with Craigslist, Amazon and eBay, but did you know apps like Threadflip or ModCloth are designed to help you make money selling your clothing? Etsy is another example of a website where you can sell your belongings or creations. An example of someone who made it big selling her stuff online is Sophia Amoruso, who is the founder of online clothing store Nasty Gal. She started her business by selling vintage finds on eBay. Nasty Gal is now worth more than $130 million.

2. Blogging

There are some bloggers who translate their content into million dollar deals. First of all, you need to set up a site that is your platform to write about your speciality, whether it's finance, fashion or music. The key is to find your voice and create a following. Examples of blog success stories include TechCrunch (acquired for $30 million) and Bankaholic (sold for $14.9 million). Perez Hilton is another example -- the blog is reported to make $400,000 a month.

3. Rent Your Things

If you don't want to part with your belongings permanently but want to make some cash from them, websites like Airbnb provide the answer, as they let home owners rent their space to those looking to get away. There have been some Airbnb success stories, including a couple who paid off their mortgage by making $26,000 in one year through the site. Platforms like RelayRides and Getaround offer the same kind of thing for peer-to-peer car rentals. Spinlister provides a similar thing for bicycles, letting users make up to $10 a day.

4. YouTube

Did you know that the father of David After Dentist made over $100,000 from YouTube ads alone If you're lucky, the video that you shoot will go viral and YouTube will ask you to partner with them, meaning you can make up to 50 per cent of the revenue generated by ads. That adds up!

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