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Thanks to the internet, there's hundreds of ways you can make some money online. And with the cost of living so high, every extra dollar goes a long way.
Whether you need to replace your income or you're simply trying to earn some extra cash on the side, we've picked out 8 easy ways you could earn some extra income online.
Taking part in market research is one of the easiest, most effective ways to make a bit of extra money. Not only that, but it can often be done from home, and can even prove to be a bit of fun. Simply sign up with a market research company and then complete the questionnaires they send you to express your interest.
While you'll need to meet specific criteria to be selected for most market research studies, there's enough of them happening that you're likely to qualify for at least 1 or 2 a week. If so, you could be looking at a couple of hundreds of dollars for a couple of hours of relatively easy work.
2. Sell your unwanted possessions
Chances are you have a lot of unused stuff lying around your house that could actually fetch a decent amount if you decided to sell it. You can use sites like Gumtree, Facebook Marketplace or eBay to sell pretty much anything; from clothes you no longer wear, book you've already read to bikes, old ski gear, kitchen appliances and furniture.
You'd be surprised what people will buy, and your old junk might just be someone else's treasure. And with inflation rising around the world, the demand for second hand goods is as high as it's been in a long time.
3. Get a HISA or term deposit
Interest rates in Australia are slowly rising, which is bad news for homeowners, but good news for those wanting to earn more on their savings. You can currently get more than 4% p.a. with a high interest savings account, but may need to meet some requirements to be eligible for the highest rates.
Unfortunately, savings rate remain significantly below inflation, so while you'll be earning interest, you'll still be down in real terms.
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Watch: 6 in-demand hobbies you can make money from in 2021
Gary Ross Hunter is an editor at Finder, specialising in insurance. He’s been writing about life, travel, home, car, pet and health insurance for over 6 years and regularly appears as an insurance expert in publications including The Sydney Morning Herald, news.com.au, The Telegraph, Explore Travel and Escape. Gary holds a Kaplan Tier 1 General Insurance (General Advice) certification and a Kaplan Tier 1 Generic Knowledge certification which meets the requirements of ASIC Regulatory Guide 146 (RG146).
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