Here are the top work from home business ideas as recommended by High & Wise. We have written more in depth articles for each of the ideas here, so be sure to click the links.
Risk free Matched betting
Here is one of the fastest methods to make loads of money legitimately. A significant number of people make over £1000 per month using this method. This technique is risk-free, not subject to tax, legitimate, and can be done by absolutely anybody.
The system involves utilising free bets provided by betting websites, and matching them at a betting exchange such as Betfair.
By placing a qualifying bet with the bookmaker, and then placing the other side of the bet with Betfair, you leave yourself with a minimal loss. You then lock in a profit with the free bet, giving a nice overall profit which out ways the initial small loss.
In this guide to matched betting, we will explain how we make £1500 per month tax free.
In all honesty, drop shipping is actually one of the easiest ways of making money online, however it all comes down to your ability to choose great products. With drop shipping, the days of holding on to stock are long gone, as sellers are afforded an easy and low-risk way to sell goods online. There’s no better time to start this business than now because although it would have been beneficial to be in to this a few years ago, Amazon continues to grow by the week.
With over 300 million active users, this is a huge opportunity to sell products online, because the beauty of it is, Dropshipping means your customers can be anywhere in the world.
Since Amazon is a global brand, there’s a huge market out there for people who seek to capitalise on Amazon Dropshipping. All that is required, is for you to pick the right market and product, and you are on your way. Once you find the winning formula and understand the business mechanics, you can then add to your product portfolio and apply the same rules to your new products.
If you want to find out more about how to make money online with Amazon, then read our in depth article here.
Online stock market trading
The complicated stock and currency markets have been opened for every interested individual. You do not need to have millions of dollars before you can invest in stock trading, because online market trading platforms will now allow you to trade with small amounts of capital.
After looking at some of the platforms out there, I would advocate these platforms: eToro.com and Plus500. Both of them provide users with demo accounts so that you can practice your trading safely. I also really like IG Markets as I find their customer support and training incredible helpful.
It enables you to view, follow, and copy the investment portfolio of traders who are performing excellently. To find out more about how we make money from copy trading, click here.
Probably the best book that I have read on stock market trading is the Naked Trader by Robbie Burns. What I like about this book is that he is a down to earth guy, who doesn’t really talk like most stock market traders. The book is a light read and avoids too much jargon, making it easy to follow, with great strategies to long term growth.
With an authoritative figure on the social media or a blog or website of your own, you can earn money by promoting different products, new offers, and services of companies online.
You can sign up as a publisher on the clickbank network. You can view their offers blog and check the merchant listings to check for items your friends would like to have, take your affiliate link and share it on your blog. You stand a chance of earning a commission when someone uses your link and purchase a product.
Now, to be honest with you here, we do get paid by some affiliate partners. We don’t hide away from that, but we only advocate products we really believe in.
Our favourite gurus in the blogging and affiliate marketing world are ‘blogging your passion’, ‘Amy Porterfield‘ and ‘Pat flynn’ who have some fantastic free resources and blogs, as well as some reasonably priced courses you can follow.
Rent out your property
More and more people feel comfortable renting out their own home when they are on holiday themselves. If this is you, then you could list your site on Airbnb and make some money at the same time. There is a small tax break available as well because the first £1000 made from renting your home is tax free.
If you have a decent amount of working capital and want to make money from rental income, you might want to look at holiday rentals instead of regular rentals. You will be busier spending time managing the bookings and property than a regular rental income, however the financial benefit is greater.
To make light work of the property management, there are usually plenty of people who will clean and manage the changeover process for a fee. This means you can lighten your workload or even manage a property from a different part of the country or world.
Read out article about how to make an income from renting on Airbnb.
Gigs on Fiverr
Fiverr is arguably the biggest marketplace for individuals who want to earn money by offering small services, popularly known as gigs.
On this platform, you can offer various services ranging from programming to writing. Other services you can provide on Fiverr are social media posting, copy writing, voiceovers, short video clip production, music production, WordPress website creation. These services are available for people across the globe.
The name Fiverr is coined from the word Five which stands for its default price, five dollars but you can earn more money by attaching additional services. Thousands of people are using money earned from Fiverr to have a good life.
Another means of making money from Fiverr without breaking a sweat is offering resale of gigs on other platforms such as Upwork. Find jobs on Upwork and other local classifieds sites and engage the services of a logo designer to do the job. Spend five dollars and keep the rest of the money.
Read our in-depth article on making money from the gig economy.
Write and publish a Kindle eBooks
Anybody can take advantage of the Amazon Kindle store to publish their eBook and make money. If you have something to say, then write a book about it. Blogging and affiliate marketing is one way to do it, but if you just want to write a book and let somebody else market that content, then maybe eBook’s are for you.
You can list your book on the platform for £1.49 – £6.99 and keep 70% of the proceeds. When you think of the reputation of Amazon as the incredible selling brand and the willingness of users to spend money on products offered on the Amazon platform, you are in for a real deal.
Read our article on how to write your own eBook.
One significant advantage of this incredible idea is that it takes a reasonably small investment of time to put together and it will earn you passive money for years after its first publication.
Check out other ebooks that are currently selling on Amazon store.
Create online training courses
If you think you have knowledge that can be shared with others, creating online training courses might be for you. It is possible to create courses with free software such as Quick Time, or you can create better quality courses using Camtasia. There is plenty of YouTube videos showing you how to create content using either of these tools, so the support is definitely there.
We are personally creating courses at the moment using the free Udemy software and we find this services most of our needs. As Udemy is also our favourite online platform for training courses, we think it makes sense to use their content builder too. Other online platforms to look at are Linda.com and Khan Academy.
If you are already blogging and have a following, then what better way to monetise your list, by offering your own training courses to your audience.
Why not take a look at Udemy and see which courses are selling well today.
Sell things on eBay or Amazon
eBay is the perfect website for anyone who is looking to sell unwanted clothes for cash. You can convert your old designer jeans or shoes into money, allowing you to purchase something new.
There are still many people making good sources of regular income from selling on eBay and Amazon. This requires finding a reliable wholesaler and reselling the goods for a profit, as long as you have the time to ensure you can keep on top of mailing timescales.
Sellers on eBay and Amazon check for trends and envisage what the market would be like in the next few weeks. If you like to take a chance and make some good money, you can purchase in bulk and sell off when the demand is higher or knowing you have a good chance of getting rid of your stock.
Read our article about starting your own Amazon dropshipping business.
How about getting paid for what you are already doing online? It is one of the sweetest ways to make money online without additional effort on your part.
For instance, Qmee.com offers you reward for searching on search engines such as Bing, Yahoo, and Google. You are required to install a simple add-on to your browser, and when you search, you will be shown a few sponsored results as well as your search. For every Qmee result, there is a cash reward that you can build up and claim at your convenience.
One of the major advantages of this offer is that there is no minimum amount to withdraw; our first one was 72p sent to our PayPal account. There is another option to donate the amount to charity if you wish.
Another means through which people are making cash is filling out online surveys. Most research firms are employing individuals to provide answers to their surveys and help them test their new products. Within few minutes of filling out survey forms, there is a chance for you to make money in the form of cash or rewards.
You can also sign up for Swagbucks which gives you rewards for leaving your opinions, web surfing, playing video games and watching videos.
Review websites & apps for cash
If you love working with a web browser, this is one of the best opportunities to be a professional and browse websites while you make money and have fun at the same time.
UserTesting.com is a new site that offers payment to individuals to review all types of websites. You are required to review each site for twenty minutes, and this will earn you ten dollars, and it is paid via PayPal.
Register here and complete a test review and get emails about receiving sites in your mailbox.
Being a mystery shopper is not only fun but relatively easy to do too. Different agencies are willing to pay you for visiting restaurants and shops for reviews on their performance.
If you become a mystery shopper you could be enjoying a weekend break one month and phoning a call centre to complain about your gas bill the next.
You don’t need any formal qualifications to be a mystery shopper – but you do need to have good observational skills and a good memory.
Review music for money
If you are a music enthusiast, this is the best time to earn money by reviewing unsigned artists and bands online with Slicethepie.
Building your reputation as a music critic can take some time, but you can make as much as £40 monthly like some users. Though it may not be a hefty sum, it is not bad earning such amount doing what you love without breaking a sweat.
Visit Slicetheopie now or take a look at our guide for more details.
Buy and sell domain names
A domain name can be defined as the address of a website. For instance, www.highandwise.com or www.mysite.co.uk. However, there are several extensions namely; .com, co.uk, .net, amongst others.
These domain names can be registered with reputable sites such as 123-reg.co.uk, GoDaddy.com, namecheap.com at a lower price. Premium domain names can be sold at higher prices ranging from thousands of dollars to millions of dollars. For example, VacationRentals.com was sold for 35 million dollars in 2007.
You may not sell your domain names at such ridiculous fee, but you can make a profit by researching. You need to find available domain names that possess commercial value, purchase them and list them for sale on websites that sells domain names like Sedo.com.
Rent out your car parking space
f you live in a busy town or city and you do not use your car parking space, you can offer your parking space on a regular basis or just for one off dates. This can be very lucrative if you live near to an events venue. You can publicise your parking space on websites such as Just Park.
Become a delivery rider or driver
Do you have a smartphone, motorbike, car or bicycle? These are the few things you need to possess to make additional money for yourself as you can deliver food or items to people when you are less busy.
You can register on delivery specialist companies such as Deliveroo who are in need of new riders for the delivery of their products. They offer you the chance to work on your terms as you can deliver food to the door of the consumers from the restaurants. With this opportunity, you can make about £16 per hour.
You can make more money by having a direct relationship with local takeaways and renowned brands like Dominos to check if there are delivery jobs available.
One of the quickest and easiest ways to make money is by baby sitting for friends and family, or maybe even to advertise your services locally. It’s a great way to earn money while you do other things such as reading a book or watching TV. Check the local ads if you are confused about how much you should charge. As a newbie in child care, you should earn up to £8 per hour.
There are several ways to advertising your baby sitting services, such as local shops and publications, however we recommend getting in contact with local nurseries to see what opportunities they may have.
You will be required to undergo a CRB check to cater for small children; some parents may not request for such information.
Dog walking & sitting
If you are not interested in taking care of children, you may find looking after dogs a great way to make money, but also enjoyable too. You can use your free time to take care of other people’s pets while they are at work. Walking dogs for people can earn you £7 per hour, and it is a fantastic way to get exercise.
Become a bank
The future of banking is peer-to-peer lending. It eradicates the presence of middleman and helps you to obtain higher interest rates than . You can earn this from the comfort of your home.
Zopa is the most recognised site lending around £1m each day and has been trading since 2005. You can get up to 5% fixed return before tax based on the loan duration.
There are certain risks associated with peer-to-peer lending unlike conventional banking. Zopa have provided an escape route with their Safeguard feature which enable you to spread your cash across a large number of defaulters who are also credit checked.
Research has shown that people watch more videos on YouTube than searches on Google. You can also make money with the newly introduced YouTube Partner Program by creating and uploading videos. You are entitled to a percentage of the advertising income received per one thousand views.
The amount of money you will make depends on the success factors of your video which include the virality, subscriber base, and topic. Several stories are coming up each week, and more individuals are making more money on YouTube.
Network marketing is a business model that enables you to create income in two ways. You earn commission by selling your own products as well as through the sales of other members that you bring on board. It is popularly known as Multi-Level Marketing (MLM). This business model permits you to earn money from individuals you recruit into the system.
There is a need for you to work at creating a network of customers and members, but it can be really lucrative. This is definitely not a get rich quick scheme!
Network marketing has become more straightforward as social media has evolved and more individuals are earning from marketing their products in this way. If you want to give it a trial, I would suggest you read the book, “The Business of the 21st Century” written by Robert Kiyosaki.
High & Wise