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5 Ways You Can Make Money Online as a UK Student (No, Not Surveys 🤦)

18th December 2018

make money online uk

Let’s be honest, we’ve all searched for ‘make money online’ in Google.

I’m the first one to admit it - at age 16, I wanted to earn a few pounds and since I was living on a farm in the middle of nowhere, the only place I could turn to was the internet. It worked, and now I continue to make money online. And I’m not talking about surveys, matched betting or becoming some useless clicking machine - I’m talking about real money. Money you can live on.

Making money online is especially helpful for us students. We know the online world well, we know how to get around and it allows us to be flexible to work when we want (and it’s something you can put on your CV!). In the end I was able to make over £500/month working online. 🤑

Here is a little summary of 5 ways you can make money online, from the easiest to hardest.

1. Freelancing

Freelancing is really great if you’re practising a certain skill at university. If you’re studying programming, you can do some freelance programming on the side. If you’re studying a language, you can do some freelance translating on the side, and on and on.

If you feel you don’t have any of those skills and you’re not studying them, no worries. Just start by trying something out. This could be writing, drawing, marketing, blogging, graphic design, programming etc. Any skill you feel people will need - start practising it and see if this is something you could do. You can start with something more general like a virtual assistant. Or something super specific like writing food articles. Try a bit of everything and see what works for you - you can try programming free for 7 days on Treehouse and do some free courses on Udemy. This is great because it also adds experience to your CV. 💁

If you really have no idea, go onto Upwork, Fiverr and other freelancing sites to see what others are doing. See what the demand is, what people are really looking for.

Then, using Upwork, Fiverr, Reddit and Craigslist, go out there and look for your clients. Start small, build your portfolio and then grow your network.

For a more detailed way on how to get started with freelancing check out this post: How to Earn Money Freelancing in University

 

2. Fiverr Gigs

This is closely linked to freelancing, but is a little different because you don’t need a specific skill here. With Fiverr you can sell anything from ‘a message on your belly’ to Amazon reviews and lessons - I’m not kidding. I remember making a quick $5 by writing reviews on different websites (sometimes they would send me the product). Pretty sweet and easy money. 😛

The key with Fiverr is identifying something people are willing to spend money on and then being the best at it. This could be ‘singing Happy Birthday in a funny accent’ to designing a special kind of logo to being their personal shopper. Be as creative as you can. At first you’ll only earn $5 doing it but the more reviews you get the more people will buy - and once you get to a certain level you can really earn good money doing it (I’ve got over 50 reviews now!).

However, two things to take into account:

  • Fiverr does take a 20%
  • Payments take 2 weeks to go through

And if you want to be extra clever, you can turn your Fiverr gigs into a skill-building gig too: creative writing, programming, designing, etc. It can get pretty fun 😉.

 

3. Teaching online

If you speak fluent English, ​you’ll always find someone who wants to take classes​.

You could also tutor students on the subject you’re studying at school if you feel confident enough. This also works great since you’ll be learning as you teach as well. #winwin

Once again, I suggest testing on Fiverr. Put up an announcement saying you teach the basics of Business Management for £5. Same for Upwork. If people click and buy, that means there is demand. If not, try something else.

You can teach English online on sites like:

  • VIP Kid
  • Cambly
  • Berlitz
  • GoFluent
  • Lingoda

I started at $5/hour online and then in some cases went up all the way to $35/hour. There is a pretty huge demand, so it’s a great job for college students.

Don’t know how to teach English? ​British Council​ and ​Go Abroad​ have some excellent resources.

 

4. eCommerce website

I kind of debated on whether I should put this one on the list - it requires a lot of effort, isn’t very easy and doesn’t always work. But if there’s a product that you’re very passionate about and you would love to sell to others than go ahead.

The easiest way to do this is simply by setting up an online shop on ​Shopify​​, buying products from a Dropshipping website like ​Aliexpress​, showcasing them using Oberlo​ and then selling. You buy at wholesale price (so very cheap) and then sale at retail price (pricey). The rest is all for you. 😎

The hardest part is picking a good product to sell.​ Don’t worry if you’re feeling a little confused - the key is to read the guides and follow them carefully. Once you understand how it works the rest is pretty simple.

Start with the Excellent Oberlo Guide to getting started

And check out these awesome successful case studies of people building an eCommerce shop: Case studies

It’s pretty cool if you can sell something specific that you’re passionate about - football, makeup, books etc.

Yes, I even tried doing it by selling chokers (no I’m not passionate about chokers): Money Experiment 2. I abandoned it because it was taking up too much time and I had no idea what I was doing. 😔

 

 

5. Affiliate marketing

The last one on the list for a good reason; it’s pretty damn hard.

It basically consists of you getting a commission every time someone clicks on your link or buys a product you recommend. It requires hustle and time, but can be pretty lucrative and will help you earn money online.

Neil Patel​ and ​Pat Flynn​ are experts on affiliate marketing and have some great guides. Honestly, this requires hustle and quite a bit of effort. You can do affiliate marketing through a blog (like me) or through an eCommerce shop (see number 4 above). If you love content marketing or marketing in general, this is also a snazzy option for you.

You are almost certain to make some extra cash following these different tactics outlined above - but as usual, the most important is to have hustle, discipline and to keep trying. Making money online is harder than a student job because you’re the one who needs to go out there and find the clients. But at the end of the day, the benefits hugely outweigh the disadvantages; more flexibility, freedom and no nasty boss telling you what to do. Personally, it’s a no-brainer 🧠.

Have any questions about these money making strategies? Drop a comment below 😉

 

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Financially Mint is on another break! ☕ I will Financially Mint is on another break! ☕
I will be living in Kuala Lumpur, Malaysia for the next few months, and then hopefully heading to Australia. 
My plans for the next year:
I'm putting the career testing theory into practice. My next career test is working for an NGO here in Kuala Lumpur. This week will be my first week. I will be working with sex trafficking survivors and I've also been asked to do some financial education presentations to help the staff.
After that the plan is to move to Melbourne, Australia, and do my next career test: consulting. If that doesn't work out I will try another career test which may be more achievable: business development in a startup. Thanks to the amazing career books that I've read, I'm pretty confident I can get an interesting job. We'll see how it rolls. 🏀
How am I funding this? I'm very excited to say that I've managed to grow my part-time freelancing income to a full-time income that can sustain me in South East Asia (I would need to work full-time in Europe). I'm calling myself a 'Freelance FinTech Writer'. Rent is crazy cheap (like 300€/month) and it's literally cheaper to eat out than cook. I'm still able to save 15% of my income. 🎉🎉 The increase in clients and pay has been thanks to all the effort I put into Financially Mint, and to some crazy cold emailing and networking in the past few months. 
After some thought, I concluded that learning mark-up language (HTML + CSS) was a more efficient use of my time than writing blog posts and working on FM... so I am now taking a break to learn some basic coding and decide what to do next.
I will still be podcasting and taking part in the FI community on Twitter and everywhere else... so I'll still be seeing you around 😉
To our success 🎉🎉
Only 30% of jobs are posted online. 🙄 Let's sa Only 30% of jobs are posted online. 🙄
Let's say you've got a list of career paths to test. You've figured out a direction, you know which sector you want to work in and you've got some cool companies in mind.
But then what? How do you get an internship in the company you really want to work for? How do you get a job in that specific NGO? How do you get them to notice you? 🤔
In FM's latest post I share a strategy that I am still testing but seems to work - copied from a book titled 'Designing your Life' by Bill Burnett and Dave Evans:
The strategy: Conducting 'Life Design' Interviews. .
A Life Design Interview is basically meeting the person that has your 'dream career' for coffee. ☕
You find someone who is working at the company you want to work for, in the sector you want to work for or simply has a position you're interested in, and you reach out to them (LinkedIn helps). You ask about their story, their position, how they got to where they are and their advice to people starting out. 
This is what I've been doing for the past month in Edinburgh, and of the 40 people I contacted, I met 8 of them for coffee, my goal to simply learn about their story.
With an added bonus: Trust. ✅
Not only did I learn stuff about working in a startup, or as a content writer or working in an NGO, but I also built a trusted connection. It's those connections that help you find the hidden jobs, the dream careers and the best opportunities.
Check out FM's latest post for a proper run down on Life Design interviews. 💪 (Last week we organised the FI Europe podcast retreat! An amazing 4 days doing speeches, masterminds, debates, boat trips, beach and surfing. Post on this coming soon 🔥)
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#financiallymint #budget #budgeting #personalfinance #savinghacks #makemoney #savemoney #money #shoestringbudget #moneyhacks #moneysavinghacks #financialeducation #financialfreedom #adulting #savingtricks #earnmoney #lifeadvice #counsel #careeradvice #retirement #investing #careerbuilding #skillbuilding #career #selfimprovement #inspiring #fieurope #lifedesign #interviews
Investing in yourself now will return bucket loads Investing in yourself now will return bucket loads in the future. 🔮
I talk a lot about this on Financially Mint - how taking the time to build career capital and explore career paths will allow you to find a career of best personal fit, which will then make you the money you need.
But it is true that I am personally at the very start of this journey, and so can't offer many examples of this working. 🤷‍♀️ Well today, this changes as I interview the Financial Gladiator, who did exactly that.
He went to university to study business in Poland, and finished his masters in Australia. In the meantime, he was doing internships, making connections, building skills and beefing up his portfolio. 
He says it himself: ' I always looked to add experience and skills to my repertoire rather than dollars' 💸.
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7 internships later in several different countries and industries and a lot of hustling, moving around and learning about what career fitted him best, FG ended up in a job that paid him a six figure salary. This kept on snowballing, and in his early thirties he hit a salary of over $500,000. .
That goes to show how much investing in yourself can return in the future.
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$500,000 annual salary doesn't need to be your goal, but it still goes to show that you'll make the bulk of your money after investing in your own career. 📈
A great interview filled with actionable career advice and FG's complete story, check out FM's latest blog post! (Edinburgh castle 🔥)
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#financiallymint #budget #budgeting #personalfinance #savinghacks #makemoney #savemoney #money #studentmoney #studenthacks #studentlife #shoestringbudget #moneyhacks #moneysavinghacks #financialeducation #financialfreedom #adulting #savingtricks #earnmoney #lifeadvice #counsel #careeradvice #retirement #investing #careerbuilding #skillbuilding #career #selfimprovement #inspiring #work
Most of us don't know what we want to do in our tw Most of us don't know what we want to do in our twenties 🤷‍♀️. And that's absolutely normal.
But that's why we don't want to be committing to one thing - who know what you might want to do in 5 years? 🧐
Instead of committing, why not be exploring, investigating and testing career paths. But how can you do this cleverly without being a typical 'millennial-career-hopper'? By building career capital at the same time.
This means that every career test you do will help you build skills, connections and a more solid portfolio. If you have no idea where to start, here are some examples of jobs/activities that can help you build career capital:
1. Working for a growing organisation with a growing performance: this could be consulting, a startup - anywhere with a good mentor and team 👨‍👩‍👧‍👦
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2. Graduate studies - for those who want to work in research, a think tank, etc.
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3. Building a valuable and transferable skill - skills such as writing, programming, designing, data science, etc will always be useful in the future 💻
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4. Creating content - you don't always need a shiny piece of paper or a medal to show that you've done something. Creating your own thing can be just as useful.
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And much more amazing career advice... in FM's latest blog post 🤓
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(I’m running out of pictures to post so here’s one of a beautiful evening in Edinburgh) .
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#financiallymint #budget #budgeting #personalfinance #savinghacks #makemoney #savemoney #money #studentmoney #studenthacks #studentlife #shoestringbudget #moneyhacks #moneysavinghacks #financialeducation #financialfreedom #adulting #savingtricks #earnmoney #lifeadvice #counsel #careeradvice #retirement #investing #peoplemanagement #skillbuilding #career #selfimprovement #inspiring #work
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