Business

4 Ways People Look To Make Extra Money Online

In modern society there are countless ways to earn income online. Many people manage to maintain full employment remotely, working through their computers in all kinds of jobs. Many more conduct their own freelance activity or start small websites or businesses, using what talents they have to attract clients. Even aside from these more normal employment situations, however, there are plenty of smaller, simpler ways that people look to generate side income online in their spare time. These little efforts toward bonus income are what we’re looking at in this piece.

Ebates & Reward Apps

As you may well know, there is a large category of shopping and task reward apps that have become fairly popular among people looking to generate side income. Sites like the Penny Hoarder and others geared toward frugality and hustle often review these apps, which has only grown their popularity. Generally, the apps involve deals for certain products or tasks for users, such as photographing receipts in exchange for rewards. Ebates is perhaps the most straightforward of them all, however. It’s essentially an app that helps you search for products, and if you buy them through the app, you get a small cash back reward. If that sounds too good to be true, reviews stress that Ebate is not meant to be a part time job. However it does work, so if (and only if) you need a product anyway, there’s no harm and some reward in buying it through the app.

Betting & Gaming

Being perfectly clear about matters, real money betting and gaming is generally a losing proposition. This is why the sites make so much money. Most players know this and take their chances anyway however, because it can be fun and because there’s at least the chance of generating some side income. We wouldn’t make a recommendation for or against this kind of activity – only that you remain cautious and strategic whatever you decide to do. If you are interested in real money gaming activity, do your research. Most online casinos offer bonuses to players that can help you make the most of the varied selection of games and offerings, and can give you a leg up. There are also some games that give the players a better chance at winning than others. Researching factors like these can at least make success somewhat more likely.

Fantasy Sports

Conventional fantasy sports, in which you join a season-long league, pick a team of players and compete based on how those players perform, has never really been much of a financial game. You can organize prize money among friends, to be sure, and find paying leagues online. But generally speaking it’s just for fun. The past several years have brought about the rise of “Daily Fantasy,” or DFS, however, and this works differently. On DFS sites like DraftKings, Draft, and even Yahoo Sports, you pay a fee to enter a contest, pick players for a given game, day, or weekend’s worth of events, and earn a cash prize if you finish above a certain point in the standings of those competing. Like regular sports betting, this is usually a losing prospect; the odds are against you. However, it is at least a fun way for those with an interest in sports to try to generate the occasional side bonus.

App-Based Investment

Investment has always been a way for people to generate extra income on the side. These days, however, it’s taking on a new meaning. Investing has been made easier via trading apps that are easy and attractive to use, and which boil down the stock market to simpler decisions with lower fees. As one write-up said, Robinhood (one of the leading apps in this category) keeps its experience simple on purpose, in an effort to appeal to users. Robinhood has no fees for trades and a stock can be bought or sold with a few taps on a touchscreen. Now, some view investment as little better than betting, and we’d caution here that this is not a way to make money if you don’t educate yourself thoroughly and gain an understanding of the markets. Even then, there are no guarantees. However, this is certainly another method a lot of people are trying of late.

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