5 Ideas to Supplement Your Income by Making Money Online

If you’re not making as much as you’d like from your current day job and you’re looking for ways to supplement your income, you can look to making money online. Most of them pay well, and some even offer sign-up bonuses to help get you started, so below are a few ways you can get involved with making money online starting now.

Market Research

You may not realize it, but advertising drives much of the world. Companies pay a premium to understand their core markets, which is done through market research. You can take part in these surveys by signing up with several different sites online. Two of the most popular are Swagbucks and Survey Junkie. Amazon even offers its own platform called Mechanical Turk where colleges and other educational professionals pay participants in their studies. Some sites offer a sign-up bonus to help get you started. The amount you can earn from market research depends on your demographic. Women tend to be favored over men and younger consumers over older consumers.

Cashback Opportunities

You buy stuff with your debit card almost every day, but did you know you could be getting cash back for those purchases? Apps like Ebates and DOSH act as affiliate marketers who share a portion of the profits with the purchaser. That means if they get a 10% commission on selling you something, they might give 7% back to you in savings. Both services operate a little differently, but they’re both free and can be used at the same time. DOSH is automated because it scans your credit and debit card purchases and gives you cash back on eligible purchases.

Become A Nielsen Household

Nielsen is an analytics company that tracks TV ratings to help understand how big network shows are performing among Americans. You can sign up to download the Nielsen app on your phone for $50 a year. The app will survey your usage and send it to the firm for study.

Penny Stocks

If you have an analytical mind and love finding patterns in data, penny stocks might be an excellent opportunity for you. These high-risk, high reward stocks are not a sure-fire way to make money, but it is possible to turn hundreds into thousands if you invest smartly. Penny stocks are high-risk, and you should never invest more than you’re willing to lose. Finding a penny stock that can return a profit is like finding a needle in a haystack. Your job is to become a magnet that can sniff out these deals.

Peer-to-Peer Lending

If you already have a bit of money, you’d like to make a more significant return than what a savings account can offer you, you might consider peer-to-peer lending. This new crowdsourced technology lets you lend directly to the borrower, cutting out the bank as the middleman. You will need to carry a diversified portfolio of loans to make an average of 2% to 5% per year, but some people see returns as high as 12%.