3 Ways To Make Money Rather Than Saving

3 Ways To Make Money Rather Than Saving

We’ve all had advice telling us to put a little money away each month, but is it really the only way to pad out your savings account? We don’t think so, and we’re prepared to put our money where our mouth is with these three methods.

Matched Betting

Unless you’re a professional footballer, making real money out of sport isn’t easy, but it’s not impossible.

If you’ve never heard of matched betting, it’s a completely legal, risk and tax-free way of making money by taking advantage of the free bets offered by the likes of William Hill and Ladbrokes. In short, you’re betting both for and against a particular outcome (known as a ‘back’ bet and a ‘lay’ bet), thus removing any risk of losing out.

Following your first wager, the bookmaker will award you your free bet, and this is where you start making money. By repeating the process, you stand to make some very tidy profits. By taking a careful and structured approach to the process, it’s not uncommon for profits to break into the £1,000s pretty quickly.

Blogging

Not everyone has the experience to become a professional copywriter for an SEO agency straight away, but no qualifications or portfolios are needed to start your own blog. While being good with words can certainly help, publishing a blog with entertaining, useful and genuine insight has every chance of being a successful little earner.

Your blog can be about anything, potentially making it the perfect outlet for your own hobbies or interests. Be warned, though, it’s a process that requires patience and discipline. Marketing yourself via social media is critical, and building up a following will take time.

Luckily, there’s a variety of ways to monetise your blog. The obvious one is to host ads via Google AdSense, and for a blog with a large following, this can be a great source of income. For smaller blogs, however, you might want to consider joining an affiliate network or looking for sponsorship.

The bigger your blog gets, the more options to make money you’ll have to choose from, such as charging a subscription fee or selling merchandise, but you should expect to have to put in a good amount of leg work to get to this point.

Stock Photography

Unlike matched betting or blogging, selling stock photography does require a certain amount of expertise to start off with. With that in mind, any budding photographers can easily put their skills to good use by contributing to sites like istockphoto.com or shutterstock.com.

There’s a lot of negative feeling towards stock photography these days, but the fact is that most of us will have hard drives full of photographs that are sitting doing nothing, so why not offer them up for sale? Particularly good or unique images have the potential to sell time and time again, which means that you could be reaping the rewards for years to come.

Bear in mind that most stock photo sites will have strict submission guidelines, such as only accepting high-resolution images, so you should take care to select good quality work.

So if you’re tired of sacrificing a good chunk of your salary to keep your savings account looking healthy, have a go with one of these methods. You might find that making money is easier than saving it.

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