How to make an extra $500 a month – Today I’m sharing the best ways to make an extra $500 a month from home. If you’re up for the challenge, you can make money online in your spare time. These side jobs can be great for stay-at-home moms or dads who are looking to save more money or pay off debt.
Nearly 4 million Americans are working from home today. Whether you’re a college a student, a busy mother or father, or you’re just looking to make extra money – there’s lots of legitimate side jobs to make an extra $500 a month.
With today’s technology, we’re lucky to have a variety of different ways to make money from home. There really has never been a better time to earn money online!
What would you do with an extra $500 a month?
Perhaps it could help you…
- Get out of debt faster
- Save money for travel
- Save money for a home
- Pay off student loans
- Eliminate credit card debt
- Help build your emergency fund, and so more!
How could making an extra $500 a month help you?
With the lack of job security in today’s economy, it’s vital to have multiple sources of income. It’s not just meant to help you survive — it’s the smart way to build wealth.
How many streams of income should people have in order to build wealth?
According to Tom Corley’s book, Rich Habits, 65% of self-made millionaires had three or more streams of income they’ve created over time. When you have money coming in from multiple sources, it helps diversify your income. For example, if one stream suffers, the others can make up for it.
Ask yourself this — if you lost your job today, would you still have a source of income coming in tomorrow? Do you have enough savings to cover at least six months’ worth of living expenses?
These are tough questions to answer, but they’re important to your financial success. People never think it will happen to them, but losing your job can happen to anyone. It’s happened in my family and it’s not easy.
The best way to be prepared is to take back control of your own finances. Make a committment to yourself to take action today!
Even if it’s just signing up for a free survey site or using a beginner investment app that invests your spare change. Even little bit helps! That’s why I’m sharing 16 legit side jobs to make an extra $500 a month.
- 16 best money making apps for 2021
- 23 things you can sell for money
- Legit ways to make money with your smartphone
1. Get paid to take online surveys while watching Netflix
Potential Monthly Income: Up to $500+ per month.
Skills Needed: None. Just a few minutes of your time.
Companies are willing to pay you cash to get your opinion. If you’re looking for an easy way to make money fast, this can be a great option. I started doing online surveys when I was in college to help me make extra money.
Most surveys take around 5-15 minutes to complete. This means you can earn money while watching Netflix — it’s really that easy.
Here’s a few legitimate survey sites I’ve used and recommend. If you sign up, make sure to verify your email so you can start making money right away!
For each survey you complete, you’ll earn “Swagbucks” which can be redeemed for free gift cards, or you can get cash paid to a PayPal account.
It’s really easy to earn points on Swagbucks. You’ll get rewarded for shopping online, answering simple surveys, watching videos, checking out free offers from brands, searching the web, and playing games. As you can see, there are many different ways you can make money with Swagbucks.
Sign up today to get a free $5 welcome bonus!
Survey Junkie – This is the largest survey site in the world that actually pays you cash. It’s available in the United States and Canada. They are an online community with over 10 million members dedicated to making their voice heard.
Survey Junkie currently has a TrustScore rating of 4.5/5 on Trust Pilot, which makes them one of the highest rated survey sites. You can sign up for free here.
This site is similar to Swagbucks, where you’ll earn points for each survey you complete. Then you can exchange your points for cash paid directly to a PayPal account, or you can redeem your points for a gift card. It’s super easy.
Branded Surveys – This is a popular survey site that will pay you cash. When companies want to launch a new product or collect market research, they turn to the Branded Surveys Community for feedback. You’ll collect points for each survey you complete. Points can be redeemed for cash or gift cards.
Branded Surveys currently has a TrustScore rating of 4.3/5 on Trust Pilot, which makes them one of the highest rated survey sites.
Inbox Dollars – is one of the best survey sites that will pay you cash for doing online activities, such as taking surveys, watching videos, shopping and more! Join the millions of memebers who have earned over $59 million in cash to date on Inbox Dollars.
Inbox Dollars currently has a TrustScore rating of 4.3/5 on Trust Pilot, which makes them one of the highest rated survey sites. Join today and get a free $5 welcome bonus.
For my fellow Canadians, sign up for Daily Rewards, which is the Canadian version of Inbox Dollars.
For more great surveys for money, check out this guide: 12 Highest-Paying Sureveys That Pay Cash Online
2. Make money delivering food with DoorDash
Potential Monthly Income: Up to $2,000+ per month.
Skills Needed: No degree required. You just need a mode of transportation (bike, car, scooter).
DoorDash is a food order delivery service. Through the app, customers can place an order at dozens of local restaurants for an agreed upon delivery fee and tip. The app sends orders to local “Dashers”.
How to make money with DoorDash: As a Dasher, you’ll get paid to deliver orders to customers. Once you accept an order through the app, you’ll go to the restaurant, pick up the order, and deliver it to the customer. All directions for the delivery are inside the DoorDash app.
All you need is a mode of transportation and a smartphone to start making money with DoorDash. It only takes a few minutes to sign up as a Dasher. After signing up, it’ll take 1-2 weeks to get your account fully activated. This is one of the most popular money making apps for food delivery.
Make Extra Money with DoorDash
Working as a delivery driver for DoorDash can be a great way to make money in your spare time. All you need is a mode of transportation and a smartphone to get started. It only takes a few minutes to sign up as a Dasher.
3. Get paid to grocery shop
Instacart is an app that connects you to customers who need groceries. This website lets customers shop from local grocery stores online, then sends an Instacart Shopper to fulfill and deliver the order the same day.
As an Instacart Shopper, you’ll get paid to go to the grocery store and shop for others. There are no set hours or days, which means you can shop as much or as little as you want, anytime you want. This can be a great way to make $100 a day.
To get started, head to shoppers.instacart.com to create your free account.
4. Bake homemade dog treats
Potential Monthly Income: Up to $1,000+ per month.
Skills Needed: No degree or experience to get started, just a willingness to learn.
Do you like dogs and enjoy baking?
Many pet treats are really bad for dogs and are often filled with unhealthy fillers. This is why the demand for healthy and delicious dog treats is high and continues to grow.
You can make and extra $500-$1,000+ per month selling homemade dog treats!
My friend Kristin from Diva Dog Bakery, was tired of the boring treats she saw at big-box stores and wanted to create a gourmet dog treat that would be fun to bake at home.
She started recipe testing in her kitchen using quality ingredients that she felt good about feeding her dog and came up with an all-natural treat that looked great and her dogs loved. That’s when her dog bakery business, Diva Dog Bakery, was born!
Below are some of the healthy dog treats she created and sold in her Etsy shop!
She set up an Etsy Shop to promote and sell her dog treats. On the weekends, she also started selling at a nearby farmer’s market. Any leftover treats were dropped off at her local animal shelter, so it was a win-win for everyone.
It didn’t take long before her dog treat bakery project turned into a booming side hustle business. Kristin’s bakery was picked up by print magazines and online press.
She was even invited to participate for the Emmy Awards to gift her dog treats in the swag bags. It was a dream come true! This can be a great way to make $500 a month as a kid.
Free Workshop – Start a Dog Treat Business
If this sounds like a fun opportunity for you, consider checking out Kristin’s free workshop. She’ll show you how to start your own dog bakery business from home — no baking experience required!
Read Next: How to start a dog treat business from home
5. Get paid to lose weight with HealthyWage
Potential Monthly Income: Up to $10,000 when you achieve your weight loss goal.
Skills Needed: No skills neeed. Just need to be consistent with eating healthy and exercising.
There’s never been a better time to start making your health a priority. Companies, such as Healthy Wage, will actually pay you to lose weight. Make a bet, lose the weight you say you’re going to lose, and get paid. Sounds simple enough, right?
I’ve been exercising more at home and it’s been a total game-changer for me. My mental health has improved, I’m more productive, and I feel great knowing that I’m doing something good for my body.
How to get started with HealtyWage
1. Use the HealthyWage Prize Calculator to enter how much weight you want to lose, how long you’ll take, and how much you’d like to bet. Then the calculator will determine your winnings amount, up to $10,000. Who wouldn’t want to win up to $10,000?
2. Sign up and make your bet. You can increase your prize amount by adjusting your goal weight, how much you contribute, or how long you’ll take.
3. Lose the weight. Achieve your weight loss goal and get paid! You can stay on track throughout the contest with weekly weigh-ins. You can also get support from other contestants.
4. Win money! If you reach your weight loss goal, you’ll win your prize. It’s that simple! If you don’t hit your goal, your money goes to support HealthyWage, including prizes for other contestants who achieve their goals.
Healthy Wage Resources:
6. Make $500 a month reselling stuff from thrift stores
Potential Monthly Income: Up to $10,000+ per month.
Skills Neeeded: Have a good eye for finding deals at garage sales / thrift stores / Facebook Marketplace.
Flipping is the art of finding things for free (or at a discount) and selling them for a profit. With today’s technology, there has never been an easier time to resell and flip items to make extra money. Check out this quick-start guide to learn more.
How to know if flipping stuff for profit is a good opportunity for you to make money:
✓ You need to make extra money quickly. You don’t need a fancy degree or to learn new skills in order to flip stuff for profit. You can start making money today with your smart phone.
✓ You love finding a good deal. If you enjoy finding hidden treasures at fleamarkets, thrift stores or online, then flipping stuff for profit can be a great side hustle for you.
✓ You need something that’s recession proof. Because the future of the economy is unstable right now, this means it’s always a good idea to have a back-up side gig in your pocket.
I recently sold some old stuff on Facebook Marketplace and made $700 in just ONE week! Selling stuff online can be a great way to make an extra $500 a week or even six-figures per year!
Flipping Success Story:
In their first year full-time, they made $133,000 in sales! Here’s a crib that Rob and Melissa found at a thrift store for $40. They sold it on eBay for $400!
Ready to start flipping stuff for cash?
Rob and Melissa, the masterminds behind Flipper University, have compiled all their knowledge into this comprehensive course.
Their online course will teach you how to buy and resell on eBay and other online platforms. You’ll learn the skills you need to start a profitable reselling side hustle. If you’re interested, you can click here to learn more.
Free Workshop For Beginners:
If you’re not ready yet to invest in this course, I recommend checking out Rob’s FREE Workshop.
In this free workshop, you’ll learn how to find hidden treasures at flea markets thrift stores, yard sales, and auctions, and how to turn them into maximum profit.
Rob’s workshop is free to join and worth checking out if you’re interested in this side hustle opportunity. You can click here to sign up.
Flea Market Flipping Resources:
Free Guide: The 18 best items to flip for profit
Free Workshop: Turn Your Passion Into A Profitable Reselling Business
Flea Market Flipping Course: Flipper University
7. Make $500 a month from cash back apps
There are so many great cash back apps available today that it’s easy to make an extra $500 a month. Keep in mind that cash back apps won’t make you rich, but it certinaly adds up over time.
How cash back apps work: They are free to join and you earn cash back by shopping through their online portal or by linking your bank card (or credit card) with the app. Then when you shop, you’ll get cash back from the store.
Here’s some of my favorite cash back apps that I use and recommend:
Rakuten is free to join and it’s my favorite way to earn cash back when shopping online. Rakuten will even apply coupons automatically at checkout, so you’ll always know you’re getting the best deal.
Plus, you’ll get a free $10 welcome bonus just for signing up.
I use Rakuten all the time when shopping online and have been able to earn over a thousand dollars through them. Depending on how often you shop online, this can be a great way to make $500 a month. I recommend taking advantage of their double cash back days, which can earn you even more money at your favorite stores.
How to claim your free $10 from Rakuten:
1. Sign up here for Rakuten. (It’s free to join)
2. Shop on Rakuten – Find your store on Rakuten next time you need to buy something. It’s connected to over 2,000 stores, including Amazon, Target, and Walmart. You’ll need to spend at least $25 on your first purchase within 90 days.
3. Get Paid – Your Rakuten account will be credited with reward points. Get this cash sent to a PayPal account or choose to receive a Big Fat Check from Rakuten. It’s up to you!
For Canadian shoppers, you can click here to sign up for Rakuten (free $5 welcome bonus).
Drop is a free app that makes it easy to turn your everyday purchases into cash rewards. Each time you make a purchase at one of your favorite retailers, you’ll earn points.
Every 1,000 points is worth $1. You can redeem your points for gift cards to your favorite retailers, such as Amazon, Starbucks, Walmart, and more. This is an easy way to make money with your smartphone.
8. Start a profitable blog
Potential Monthly Income: Up to $10,000+ per month.
Skills Needed: Have an interest in a topic (or niche) and be open to learning new things
If you enjoy writing and sharing stories about your personal life, tutorials, reviews or tips, blogging can be a great hobby that makes money. You can make money through your site with ads, affiliate marketing, or paid sponsorships.
Don’t worry — there’s no tech skills required! It’s easy to get started and the start-up costs are low. If you’re interested, I have an easy step-by-step tutorial here to get your blog up and running in minutes.
Blogging can be a part-time side hustle, or you can earn a full-time living from your site. It’s up to you! Depending on what you write about, you can make $500 a month in passive income. If you’re curious, check out this quick-start guide on the best affiliate programs for beginners.
I didn’t know anything about blogs when I first started this website. I learned everything from scratch and was able to turn it into a full-time job. Now I love connecting with people all over the world. It’s pretty amazing how special blogging can be.
Are you ready to kick-start your blogging journey?
Here’s an in-depth tutorial that will walk you through the entire process. There’s no coding required. It takes just a few minutes to get your blog up and running. Anyone can do it!
For my fellow Canadians, you can follow this step-by-step guide on how to start a blog in Canada.
Need more guidance?
Check out my FREE blogging course for beginners. It will show you how to choose a profitable niche, write enganging blog posts, and even earn your first dollar blogging. You can sign up by entering your info below.
Want to make quick cash now?
9. Get paid to play on Pinterest
Potential Monthly Income: Up to $4,000+ per month.
Skills Needed: No degree or specialized skills. Just a desire to learn how to create pins and monitor their success on Pinterest.
Do you like using Pinterest? Why not get paid to share pins on the platform!
As a Pinterest virtual assistant, you’ll get paid to create pins for blogs and online businesses. Pinterest virtual assistants are in high demand right now as Pinterest continues to grow in popularity.
This can be a great way to make an extra $500 a month from home or $500 a week, depending on how many clients you take on.
FREE Pinterest Workshop: If this sounds like a fun opportunity for you, consider checking out this FREE workshop. It’ll show you how to get started as a Pinterest virtual assistant, how much money you can make, and how to find clients. You can sign up for free here.
Below you can meet Suzie! After enrolling in Become a Pinterest VA Today, she was able to start earning an average of $2,000 per month. And the best part is, she only works 12 hours per week on her Pinterest side hustle! This can be a great opportunity to make money online for stay-at-home parents.
Pinterest Virtual Assistant resources:
10. Become a Virtual Assistant
Potential Monthly Income: Up to $50 per hour.
Skills Needed: No degree or specalized skills needed. Just a willingness to learn new things.
If you have…
✓ A computer with an internet connection
✓ Enjoy sharing content on social media
✓ Can read and respond to emails
… then you may want to consider becoming a virtual assistant. As a VA, you have the potential to make an extra $10,000 a month from home (or more).
A virtual assistant provides services to organizations, companies or individuals. It can be a great way to make extra money from home. As a virtual assistant (VA for short), there’s a wide range of services you can get paid to offer.
Kayla Sloan, the mastermind behind $10K VA says that one of the best parts about making money as a VA is that you can set your own hours and work from anywhere that has an internet connection. All you need is your computer or laptop to get started!
When Kayla first started working as a virtual assistant 7 years ago, she was earning $15 per hour. This was about twice as much as she made from her minimum wage job in retail at the time.
Once she started learning new skills and tools, this allowed her to raise her rates significantly. Now she consistently earns over $10,000 a month from her virtual assistant business.
Kayla knows what it takes to become a successful virtual assistant. She knows what works and what doesn’t work, so you don’t waste your time focusing on the wrong things. Check out her FREE WORKSHOP here on how to become a VA.
Virtual Assistant Resources:
11. Make money as a proofreader or editor
Potential Monthly Income: Up to $4,000 per month.
Skills Needed: No degree necessary. Must have an eagle eye for spotting typos and grammar errors.
If you find yourself catching typos or grammar mistakes when reading content online, then proofreading can be a great opportunity for you.
How much can you make proofreading?
Well, it turns out you can earn quite a lot! Some people are earning over $40,000 a year working for themselves and love the freedom they have by earning money from home.
Even if you’re just starting out, this can be a great way to earn an extra $500 a month online. Then as you gain more experience, you can earn upwards of $4,000 per month, like my friend Caitlin does from her successful proofreading business, Proofread Anywhere.
Cailtin began proofreading online as a part-time side hustle. She was able to scale her business quickly and now teaches others how to make money from home as a proofreader. If you’re interested, you can check out her signature course here: General Proofreading – Theory & Practice™
Free Workshop for Proofreading:
Caitlin put together this FREE workshop which I recommend checking out.
In this free training, you’ll learn how proofreading could be your ticket to lifestyle freedom and financial security. You’ll also learn how to attract clients and create a profitable freelance business as a proofreader, just like Caitlin did. You can click here to sign up.
Online Proofreader Resources:
12. Make money as a Podcast virtual assistant
Potential Monthly Income: Up to $4,000+ per month.
Skills Needed: No degree required. Just a willingness to learn new skills.
Do you have good communication skills and enjoy listening to audio? You may want to consider becoming a Podcast Virtual Assistant.
As a podcast virtual assistant (also known as a podcast producer), you’ll get paid to offer technical, administrative, or marketing support to podcast owners remotely. This can be a great way to make $500 a month from home.
You don’t need experience to get started. Podcast virtual assistants can help manage the podcasts, record and edit the episodes, audio engineering, content repurposing, marketing, guest management, and more!
If you’re interested in learning more about how to make money as a Podcast virtual assistant, here’s an in-depth guide you can check out.
Podcast Producer resources:
Free Workbook: Learn how to get started as a Podcast VA
Recommended book: Make Money As A Podcast Producer: Transform Your Podcasting Passion Into Profit
Podcast Producer Course: Podcast Production School
13. Get paid to write online
Potential Monthly Income: Up to $4,000+ per month.
Skills Needed: No degree required. Must have good writing skills and enjoy writing.
Are you creative and enjoy writing? Do you wish you could turn those writing skills into a successful career?
Freelance writing can be good option if you’re not ready yet to start your own blog, but still want to dip your toes into writing. Whether it’s writing stories, articles, or blog posts for websites, there are many opportunities to make money writing online. This can be a great way to make $500 a month or if you want — turn it into a full-time living!
As of May 2011, freelance writers earned a mean of $97,300 per year (or $46.78 per hour), according to the U.S. Bureau of Labor Statistics.
Are you ready to start making money writing online?
To help you stand out from the crowd and jump-start your success, I recommend checking out Holly’s e-coure: Earn More Writing. In her course, Holly will teach you the exact strategies she used to go from making $0 to over $225,000 from freelance writing.
Holly Johnson is a professional blogger and columist. Her course is different from other freelance writing programs because she actually teaches you how to find and land the type of work you want.
She also earns a living from freelance writing, not just selling courses. You’ll learn from someone who knows the business and writes for a living. If you’re serious about getting into freelance writing, you can learn more about her program and sign up here.
Freelance Writing Resources:
14. Make money through Amazon’s FBA program
Potential Monthly Income: Up to $5,000+ per month.
Skills Needed: Must be good at finding deals at thrift stores or online and be willing to learn new skills.
Do you like shopping on Amazon?
If you look carefully, you’ll notice that not everything sold on Amazon is actually sold by Amazon? This is what Fulfillment by Amazon (FBA) is all about. You sell the items on Amazon.com, and then Amazon ships the item for you.
How Amazon FBA works:
1. You send products to Amazon.
2. Amazon stores your products in their warehouse.
3. When a customer orders one of your products, Amazon packs, ships and tracks the order for you.
4. Amazon also handles all refunds and returns.
5. You get paid! Amazon will total up all your sales and deduct any seller fees, then deposits the money in your bank account. Sounds pretty easy, right?
Anyone can make money selling stuff on Amazon. You can list something you’ve purchased wholesale, something you made yourself, or something you no longer want. Depending on which products you choose to sell, this can be a great way to make an extra $500 a month.
How much money can you make selling stuff on Amazon?
You don’t have to worry about creating your own products to sell. Instead, you can buy stuff for a discount and resell these items on Amazon for a profit. This is what Jessica does.
Jessica from The Selling Family started her business on eBay making $1,000 per month. When she switched to fulfillment by Amazon, she was up to scale her business to over $5,000 per month while working part-time.
Ready to start selling stuff on Amazon?
Jessica, the mastermind behind Amazon Bootcamp, has compiled all her knowledge into this comprehensive course. Her online course will teach you how to buy and resell on Amazon FBA to make the most profit.
Not sure if selling stuff on Amazon is right for you?
If you’re not ready yet to invest in this course, I recommend checking out Jessica’s FREE workshop.
In this free workshop, you’ll learn why Amazon is the best reseller marketplace, how to set up your Amazon seller account, and easy ways to find profitable inventory. You can click here to sign up.
Amazon FBA Resources:
Want to make quick cash now? Online surveys can be a great way to make fast money in your spare time. Each survey takes around 5-15 minutes to complete and you’ll get paid to share your opinion. my favorite legit survey sites include: Branded Surveys, Survey Junkie, Swagbucks, and Inbox Dollars. The more survey sites you join, the more money you can make!
15. Affiliate marketing
Potential Monthly Income: Up to $10,000+ per month.
Skills Needed: Enjoy helping others learn about great products or services
Do you like spreading the word about awesome products with your family and friends. With affiliate marketing, you could get paid for it!
What is affiliate marketing? Affiliate marketing is when you earn a commission by promoting another person’s or company’s product. You find a product you like, share it with others, and earn a piece of the profit for each sale you make.
To learn more, check out this quick-start guide here: How to make money online from affiliate marketing
It’s easy to get started making money with affiliate marketing, but it’s not a get rich-quick thing. It’s important to build trust with your audience and recommend products that you love. Here are a few ways you can promote affiliate products to make $500 a month:
• Share in blog posts. Blogging is one of the best ways to share affiliate products to make money. If you haven’t yet started your blog, you can use my easy step-by-step guide here to get your blog up and running within minutes.
• Share in Facebook groups. Facebook can be a great way to share affiliate products with your audience.
• Share on YouTube. This is a great platform to share affiliate products. You can share them in your video description.
• Share on Instagram. If you have a business account, you can share affiliate products in your biography link or stories.
If you want to learn more about how to make money through affilaite marketing, I recommend checking out Making Sense of Affiliate Marketing. This online course has helped me turn my hobby-blog into a profitable business.
My small blog went from earning $0 to $10,000+ per month.
Below is a screenshot of my blog income. Before I signed up for Making Sense of Affiliate Marketing, I was making $0. When I signed up for the course in September and starting applying the strategies taught in the course, I made over $1,000 in the first month. The course paid for itself within two weeks of enrolling! BOOM!
Benefits of making money as an affiliate marketer:
The great thing about affiliate marketing is that you don’t need a large audience to make $500 a month. There are many blogs and social platforms with a small (and engaged) audience that can earn quite a bit of money.
From $0 per month to $50,000 per month with affiliate marketing
Affiliate Marketing Resources:
How do I make an extra $1,000 a month?
Below are several ways you can make an extra $1,000 a month. No matter what your skillset is, you can find a side job to help boost your income.
Invest in Real Estate
This can be a great option for those who want to invest in real estate. You can start investing today with as little as $500.
To invest, Fundrise uses crowdfunding to pool funds with other investors in order to buy properties. This makes private real estate investing more accessible, since you don’t require a lot of capital to get started.
Many people don’t have the time or the desire to clean their own home. You can get started by finding home or apartments to clean on Handy.com or Thumbtack. If you charge $100 a home and do this 10 times per month, you can make an extra $1,000.
Deliver food and other goods
With today’s technology, you can get almost anything delivered with an app on your smartphone. If you have a mode of transportation (car, bike or scooter) and a smartphone, you can make an extra $1,000 a month delivering food and other goods. The most popular delivery app is DoorDash.
Walk dogs or pet sit
Rover is an online marketplace that connects you to customers who need pet services, such as pet sitting, dog walking, and dog boarding. Through the app, you can set your own rates and schedule. This can be a great way to make extra money each month.
Build an online course
Refinance your student loans
This isn’t a job but refinancing your student loans can save you thousands of dollars. Considering using a student loan consolidation such as LendKey. It only takes a few minutes to get started.
Get paid to grocery shop
Instacart is an app that connects you to customers who need groceries. You can sign up as an Instacart Shopper and get paid to go to the grocery store and shop for others. You get to set your schedule, which makes this a flexible way to make money.
Sell your photos
Do you enjoy taking photos? You can sell them online. Online business owners and bloggers are always looking for quality stock photos. Popular sites to sell your photos include Shutterstock, iStock and Deposit Photos.
How can I make money with $500?
Below are a few legit ways you can make money if you only have $500 or less to invest in a business.
- Starting a blog or website. This is an affordable business idea that has the potential make a lot of money online. You can monetize your blog through display advertising, sponsored or paid content, affiliate marketing, or selling your own products and services. Check out this in-depth tutorial on how to start a blog.
- Build a drop shipping store. Drop shipping is a popular way to make money online. You can easily build your shop on Shopify and use a third-party app such as Oberlo to add products to your store.
- Buy and flip websites. Just like flipping real estate, there is money to be made from buying and reselling websites. If you’re interested, check out Flippa. This is the most well-know online marketplace to flip websites.
- Invest your money with Fundrise. This can be a great option for those who want to invest in real estate. You can start investing today with as little as $500.
- Bake and sell homemade dog treats. This is another affordable business idea. You can start baking homemade dog treats using supplies and ingredients you already have at home. Sell them on Etsy or at local flea market’s to make money. Consider checking out this free workshop on how to start a successful dog treat business.
How can I make $500 a week realistically?
Do you want to make $500 fast (in a week or less)? The easiest way to do this is to sell your stuff. I made over $700 in one week selling my old stuff on Facebook Marketplace.
If you’re willing to hustle and do the work, there are many side jobs mentioned in this post that can help you make $500 a week.
If you’re short on time or don’t want to work more than you already do, consider finding ways to reduce your monthly expenses. Below are some helpful posts to slash your bills in half (or more).
- 15 fast ways to cut your household spending
- How I save 50% of my income
- How to save money on groceries and stick to your food budget
How can I make $500 a month passive income?
Passive income can be a great way to build wealth. Below are some of my favorite ways to earn passive income each month.
Rent out your space on Airbnb
If you have an extra room or space, consider listing it for rent on Airbnb. No matter what kind of home or room you have to share, Airbnb makes is safe and easy to host travelers. This can be a great way to make extra money.
Start a blog
It’s easy to start a blog, but it takes time to build traffic. Once your website starts to get a decent amount of traffic, you can make money through display advertising, affiliate products or selling your own digital products. This can be an almost passive way to earn money.
Use Fundrise to invest in real estate
As I mentioned already, Fundrise can be a great platform for those who want to start investing in real estate. Investing can be a smart way to earn passive income.
Rent out your car with Turo
Make a dent in your monthly car payments by listing your car on Turo. Hosts can cover their payments by sharing their car just 9 days per month (on average).
Turo is a car sharing marketplace that allows private car owners (such as yourself) to rent out their vehicles via an online or mobile interface. This can be a great way to make money $500 a month.