The internet is a wonderful thing and each year there are more and more ways for you to earn online. If you are looking to find the best ways to make money online from the UK, then you have come to the right place. The focus of the article is on proper business ideas or jobs that will pay decent wages rather than filling out surveys for pennies.
We think these days everyone should be looking to diversify their income online. This will give you greater security and less dependence on your monthly wage, and the extra money will come in handy as you aim to put More Life in Your Days. If you are determined to work hard and focus on an online income, it could even open up the opportunity to quit the 9-5 and embrace the freedom of a full-time income that is location independent.
If you are ready to start earning an online income, here are the very best ways to start making money.
1. Matched Betting
By far the best way to start earning online is through matched betting. It is easy to learn, fast, doesn’t require a lot of money upfront and you can earn thousands of pounds tax-free. Don’t be put off by the word ‘betting’, there is no gambling involved in this and it is a risk-free way to earn a decent second income.
Matched betting takes advantage of the free bets that are offered by bookmakers so that we can make a guaranteed profit each time. You will essentially be placing two bets on an event like a football match or horse race, these bets will cover the opposite outcomes so it doesn’t matter who wins, you will make money either way.
This really is the best place to start earning money online so have a read of our detailed matched betting guide to get a better idea of the processes involved. If you like what you have read so far and are raring to go, you can get started straight away with a free trial with Oddsmonkey, this should earn you around £45 for an hours work.
2. Start a Blog or Niche Affiliate Website
This one is a bit more of a long-term project but can eventually provide you with an ongoing almost passive income from your blog or niche site. Not only could you earn a regular full-time income from your website, but you will be building an asset that could be sold for thousands should you wish.
Our recommended route to creating an online business is through Wealthy Affiliate. They will provide all the training and support that you need to make your business a success. Have a look at this in-depth Wealthy Affiliate review to find out all the great features of this site, and how they can help you to build your own online business. Or why not give Wealthy Affiliate a try now, it’s free and no credit card details are required.
Why not combine our top two money making ideas? Build your wealth online through matched betting and use this profit to start a blog or niche website using our strategy to earn money online from the UK.
3. Teach English Online
If you are a native English speaker you should be able to find job opportunities to teach English online from the UK via video chat. There are currently more opportunities available for Americans and Canadians than British people, but if you have a university degree (in anything) you should be able to earn around £10-12 an hour through companies such as MPC Connect.
If this is a route that you are interested in it is worth getting a Teach English as a Foreign Language (TEFL) qualification. This will open up many more opportunities and increase the amount that you get paid. It will also allow you to find work abroad should you wish to earn some cash offline whilst traveling.
4. Fulfilled By Amazon
Another popular route for building a proper online business is by selling products on Amazon via Fulfilled By Amazon (FBA). The FBA programme allows you to send products to Amazon who will then store them in their warehouses and distribute them to their customers. Of course, Amazon will take a cut of your sales but you are able to leverage the enormous reach of their system and the vast number of people who prefer to buy through Amazon.
There are 3 main business strategies that can be used with Amazon FBA.
– Retail Arbitrage. This is pretty simple. You go into stores near to where you live and find a product that you can buy for less than they are sold for on Amazon. You buy the product in the store, send it to the Amazon warehouse, set your price, and wait for it to sell. This is a great way to start out and get to grips with the Amazon system. Start up costs are minimal and you can reinvest profits to build up your business.
– Online Arbitrage. This is the same as retail arbitrage but is all done online, you find low priced products that you can sell at a profit through Amazon. You can either do this manually buy searching through sales websites and comparing with the Amazon price or you can use software like Tactical Arbitrage to search thousands of products for you at the touch of a button. Following this option also has low start up costs but allows you to scale more quickly and access a far wider range of offers.
– Private label. This is another great way to earn money with Amazon but it does involve more capital upfront and has more risk involved. Private labelling essentially involves finding a product that is a good seller on Amazon, finding a way to improve the product and creating a brand that will help your product to sell.
A common route to achieve this is by finding a product in China through Alibaba, and working with the supplier to modify it and then ship it to your country. It is a longer process than RA or OA but if you find the right product you can make huge sums of money and can simply reorder more units from your supplier rather than having to search for the latest deals as with OA and RA. If you can create a brand around your product then you are on the road to internet riches.
5. Switch Bank Accounts
Banks want your business and are prepared to pay for it. There are usually 3 or 4 offers along the lines of ‘£100 free if you switch your current account’. This won’t make you a lot of money as there is a limit to how many offers you can do, but we have included it in our list as if you have no money this is a great way to get a little seed capital that can be used to start up your Matched Betting, Affiliate or FBA business.
Money Saving Expert have a good up to date list of the best offers.
Dropshipping is a way of running an online store without having to have any inventory upfront. Once a customer purchases one of your products you will contact your supplier and ask for it to be shipped directly to the customer.
It is a great business model that has very low start-up costs as you can have an ecommerce store with a full range of products but without the need to pay upfront for the product and with no storage costs.
As such it is a business that you can start with very little financial risk and almost unlimited earning potential. Most dropshipping businesses run on Shopify which makes the process of creating your store very simple. The harder part is in product selection and marketing your store to your target audience.
Sell your skills on a site like People Per Hour, Upwork or elance. There are all sorts of skills that people are looking such as copywriting, photography, data entry, SEO, social media management etc. There is sure to be something there that you are able to do. The tricky part is establishing your presence on the website. They all have a ratings system and people are naturally inclined to pick people that have lots of positive reviews.
Just keep plugging away, write good proposals when applying for jobs, and consider some low paid work to get your profile up and running. When you are given work, make sure that you do a great job and earn yourself a fantastic review. It will get easier over time as people will feel more confident in hiring someone that has a proven track record of quality work.
Don’t have any skills that are in demand? Why not try following the free training at Wealthy Affiliate, this will give you a chance to develop and showcase skills in writing, keyword research, SEO, website development, and many other skills that can easily be monetised on the sites above.
8. Invest in Stocks, Shares and Cryptocurrency
The internet has made investing in stock and shares far simpler than it was just a few years ago. I use the online platform ‘Etoro’ for this purpose. It has a very clear and simple design that allows you to easily invest and monitor your progress. I first got into it as it is probably the easiest way to buy cryptocurrencies like Bitcoin and XRP but I have since had success investing in the likes of Amazon, Netflix and Tesla.
One of the unique features of the platform is the ability to copy an experienced trader. In this case, you simply choose an investor that you think has a good trading style and that fits your risk profile. You then choose how much money you would like to allocate for them to manage.
Your money will then be invested to match how that trader invests their own money. This is a good way to start if you are inexperienced and do not have the time and inclination to research companies or learn about technical analysis. You can set up a free demo account here, and get to grips with the system before depositing any real money. Of course, you should be aware that investments can go down as well as up and only invest what you can afford to lose.
9. Write an ebook
If you have knowledge in any particular why not create an ebook? Generally, the more successful ebooks are non-fiction titles focussing on a specific skill or niche. If you think you have some specialised knowledge, or are prepared to put in some research to create a product, then an ebook is a fantastic way to earn passive income online.
Ebay has been around so long that it feels like the grandad of the internet. The fact it has been around so long and is so well known helps many people to make a full time income from running Ebay stores. EBay can be used with a dropshipping business and your orders can even be fulfilled by Amazon. If you just want to sell a few things to make some money fast, there are also other options like Shpock, Gumtree and Facebook to sell locally.
11. Betfair Trading
This is something that you may want to get into once you have got to grips with matched betting and understand how odds move before a sports fixture or race. There are numerous different strategies to be learnt that could prove profitable. As with all forms of trading, there is an element of risk as the odds movement could go against you.
12. Domain Flipping
Domain names are like an online piece of real estate that can be bought very cheaply but could potentially shoot up in value. The premise is simple, you just purchase a domain with the aim of selling it later for big profits.
Some of the biggest sales are for multiple millions (eg FB.com sold to Facebook for $8.5M or VacationRentals.com going for $35M). You won’t hit the big time like this but it is possible to make some money this way. It is a fairly niche pursuit that will require quite a lot of research, effort and maybe some luck to be successful.
13. Become a Web Search Evaluator
This is a great home based opportunity to earn a decent regular income. You will be paid to carry out various tasks to evaluate content and help to improve the results that are produced by search engines. You will be able to get involved in a number of different evaluation projects, including web search, video evaluation, and maps.
One company that recruits into this position is Leapforce, who are looking for internet savvy applicants with excellent web research skills, comprehension and written communication skills. You will be asked to complete an exam before being accepted as an agent. You can choose how many hours you work, and at what times, so it offers a good degree of freedom and is a way of guaranteeing some income whilst you are building other online businesses.
Make Money Online from the UK
So there you have it. Our round up of th every best ways to make money online from the UK. Which one are you going to try? Our top tip is to choose one and give it a try. It is all to easy to research these and spend lots of time on it but without taking the plunge to actually get stuck in. Give one a try, it could be your ticket to financial freedom. Let us know how you get on in the comments below.