I get asked a lot about how to consistently make £500 every month from a laptop at home. So this is how I do it, how much I earn and how much time I put in.
How to consistently make £500 every month
Back in November 2016 I started my money-saving and money-making journey, to be honest I desperately needed money to pay for Christmas (and a few debts)! I went back to my frugal and thrifty ways and discovered some new ways to make extra money. I actually managed to make just over £300 extra in November and literally saved Christmas! This then in turn began to snowball into a consistent £500+ extra per month for the last few months.
Matched betting is how I saved Christmas 2016! I made £300 in my first month and I’ve continued my journey into 2017 and in 7 months made almost £2,000. I personally love Profit Accumulator! It does all of the work for me. I put in around 15-30 minutes per day to earn roughly £300 extra a month.
*2021 Update In the last few years I’ve made over £10,000 from matched betting using Profit Accumulator. This is still one of the main ways I plan to make extra money in 2021.
Average Monthly Income : £300
Time Spent : 15-30 mins/day
Make extra money with survey sites
Surveys are a great easy way to start making extra money. They don’t require any money to get started and they are very simple to complete. I tend to make an extra £25-£50 each month doing surveys, and I tend to spend around 15-30 mins a few days a week. I have been known to earn a lot more each month but £25-£50 is a more realistic amount depending on your demographics and time put in.
Average Monthly Income : £25-£50
Time Spent : 15-30 minutes/week
I’ve used eBay for quite a few years now on and off but never really used it consistently. I love selling things but got so fed up of auctions not selling or not selling for enough! So I changed the way I go about it, instead of auctioning everything and being impatient I switched all my listings to buy it now. Ebay isn’t like it used to be, people used to get excited about auctions but now they want their item right away (think Amazon Prime next day delivery).
I’ve had much more success with buy it now and I’m always happy with the price! I do accept offers on my items within reason and I do send out offers to my watchers to entice them to buy. My items don’t always sell super quick but I’ve got used to the fact that it just takes time for some things. I can make around an extra £150-£200 each month from Ebay spending around 1-2 hours each week.
Average Monthly Income : £150-£200
Time Spent : 1-2 hours/week
I also do a handful of other side hustles such as using my money-making smart phone apps, trading in old books & DVDs with Music Magpie and Ziffit as well as earning cash back on everything I purchase.
I’ve recently started trading with a free share from Freetrade as well which brings in a little extra money as well. These other side hustles I do as an when I have some free time each week so there is no set amount of time I spend or money I earn.
How much time do I need to make extra money?
The first thing you might want to establish is how much time do you have to make extra money? There’s no point burning out by trying to do too much. Remember to be realistic here, make a schedule of the times you are going to put aside to earn extra money and be smart with that time.
If you take a child to a dance class or have to wait for them to finish a sport they do then money making apps and surveys are a great way to pass the time while making some extra money. Just make side hustles and making money work around you.
Is it really possible to earn extra money from home?
A lot of people ask me this when I mention I earn extra money from home on my laptop. The answer is yes, it is possible to earn extra money from home. Although be wary and do your research, there are a lot of scams out there. Usually if it sounds too good to be true then it probably is.
If it requires a ‘start up’ cost or relies heavily on referring friends then it is likely something that will in the long term not work out well.
This is how I’ve consistently earned £500+ each month for the last few months. How do you earn extra money each month?