5 Practical Ways to Earn $500 This Month
By Ashlee Anderson
Earning extra money in any given month doesn’t require getting a part-time job. In fact, you don’t even have to go out of your way to add to your monthly income. You can take your existing skills and the things you already have lying around the house and turn them into a nice chunk of change by the end of the month.
So, whether you’re looking to pay down debt, need a little boost to pay a bill, or simply want to add some bank to your emergency fund, here’s 5 practical ways to earn $500 (or more!) this month.
1. Sell Your Skills
What are you good at? No matter your skills or talents, someone is willing to pay you for them. On popular freelance marketplaces, like Freelancer, Upwork, and Guru, you can sign up and starting bidding on projects that are perfectly suited to your skills and interests. You have complete control over your earnings and can work as much or as little as you’d like.
The skills or services you sell are entirely up to you. Some of the most popular offerings include content writing, web design, social media management, and graphic design. These are just a small sample of popular ideas but, really, you’re only limited by what you’re willing to work on.
The best part is, when you’re doing things you enjoy, it doesn’t feel like you’re actually working. That’s probably why so many people start freelancing to earn extra money and end up turning it into their full-time career.
2. Start Sharing
Thousands of people embrace the sharing economy by being a part of peer-to-peer marketplaces like TaskRabbit, Airbnb, and Rover. You too can quickly and easily sign up for these sites and start earning extra money, one gig at a time.
It’s not unreasonable to think you could earn a substantial income every month running errands, renting a spare room, or even dog sitting. After all, the average Airbnb host can pay for 81% of their rent or mortgage each month just by offering one bedroom for use on this popular room-sharing site.
If you don’t have an extra room to spare – no problem! Have a car that’s just gathering dust in your garage? Consider signing up for the car-sharing site, Turo. The average person can earn $6,501 a year lending out a car that otherwise takes up space in their driveway all day.
3. Clear the Clutter
If you look around your home, you probably have plenty of items in your closet or junk drawer that you don’t use anymore. These items, like clothes, electronics, and books, are often of some value and can easily be sold online (you don’t even have to worry about shipping costs!).
The clothes you don’t wear anymore can be sold on sites like thredUP where bargain hunters are willing to pay for gently your used clothing, shoes, and accessories – you may even be able to sell your kids clothing, too!
Closets aren’t the only place you can discover extra cash just lying around the house. Your junk drawer probably contains valuable electronics that you can sell on sites like Gazelle. They’ll send you an instant quote for your item and pay you to ship it to them – even damaged electronics and smartphones with cracked screen may be worth something.
Selling used books you may have can also quickly build up your monthly cash reserve, and is super easy to do when you use an app like Cash4Books. Simply scan a book’s ISBN and you’ll get several quotes from sites who want to buy it.
Decluttering will never feel as good as it does when you make extra money while doing it.
4. Join the Crowd
There are a lot of little tasks out there just waiting to get done. That’s why some big-name companies turn to crowdsourced sites to gain access to millions of on-demand workers in order to get more done.
When you join micro job sites like ClickWorker, CrowdFlower, or mTurk you can easily earn money in a matter of minutes. If you make it a habit to sign in and work whenever you have a little downtime, you’ll be amazed by how quickly you can build up extra cash.
Fancy Hands is another site that works on a crowdsourced platform where virtual assistants can claim tasks on a first come, first served basis. Not only can you help busy professionals, solopreneurs, and small businesses get more done, you can make extra money just by helping others tackle their to-do lists.
Crowdsourced sites almost always have work available, day or night, which is great if you keep unconventional hours or need to work around an already jam-packed schedule.
5. Voice Your Opinion
You probably have a lot to say, but when’s the last time someone actually paid you for your opinion? There are many companies that want to hear your thoughts and will actually pay you for them through usability tests.
The average usability test takes just 15-20 minutes to complete and can pay up to $15 but, on average, you can expect to earn $10 for each one you complete. You don’t need any special skills to become a tester for companies like User Testing, just an ability to speak your thoughts out loud as you navigate a website and perform routine tasks.
Another opinion-paying option comes courtesy of the many survey panels out there. While it might be a stretch to hit the $500 mark in one month just from taking short surveys, you can easily reach your goal by opting into any paid market research opportunities they have, like online focus groups. These sessions take place in a chat room setting or through forums and can pay $100 or more each.
The more of these panels you join, the more opportunities you’ll have to earn. Many times, you’re awarded for your loyalty and will be presented better and higher paying studies the more you participate as a panelist.
Pick the Practical Solution for You
While all these ideas are practical, some may be better suited to you and your situation than others. The best way to pick? You could try them all and see which you like best or simply look at your financial goals objectively and be honest about the time you’re able to commit to achieving those goals each month.
If you’ve only got a few moments to spare in a given day, perhaps micro jobs and short task sites are your best bet to supplement your monthly income. For those who want to try their hand at something new, freelancing just might be the way to go.
How much extra you earn in a month depends on how committed you are to earning. Whichever of these practical ideas you choose, you’ll be well on your way to earning extra money in any given month.
Ashlee is a freelance writer and blogger who embraces the gig economy and all the money-making opportunities that come along with it. She enjoys helping others find happiness in working on their own terms with remote, freelance, and home-based jobs. Follow along with her practical advice and actionable ideas over at Work from Home Happiness.
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