Is there such a thing as free money? Yes, there is!
There are a lot of ways to make free money, primarily through online methods, these days.
If you are skeptical about this idea, don’t judge so soon. When we say free money, we refer to any cash rewards or bonuses you can receive to sign up to certain products or services.
Imagine getting $10 by simply signing up for a particular website – that’s what we mean by free money.
If you’re able to collect points while making a few purchases and then redeem them at a later stage, that’s mostly free money.
It’s just that you are not doing physical work for this task, but because you are receiving some additional benefits, it comes in the form of free products or services that you can buy.
If you’ve been stuck at home a lot during the COVID-19 lockdown, you must have come across ways in which you can earn extra money by sitting at home.
Just so that you don’t get caught up in any scams, we’ve listed down fool-proof ways of making money spending some quality time on your couch!
1. Sell off your old gadgets
As we are moving forward into the digital age, our devices are going obsolete very quickly.
With the advent of new technologies that pop up almost every other day, it’s not uncommon to deal with the need to upgrade our electronic devices every few years, even if they are still working.
Since they are no longer compatible with a lot of your other devices, they become outdated.
If you have a lot of gadgets taking up space in your garage and aren’t sure of when you can stop holding on to them, go to the decluttr website.
It’s an excellent site where you can sell your old and old-fashioned gadgets without any hassle.
The best part about them is that you can get a free quick evaluation of your gadgets that you plan on selling.
This advantage comes in handy as you’re aware of how much you will be paid for your product without having to worry about hidden costs.
Once you are satisfied with the price and are ready to ship it, all you need to do is put it in a box and take a printout of the free shipping label.
You then send it to the address of the warehouse mentioned on the label.
Once they approve it, you can receive your payment the very next day via PayPal, or you can also opt for the direct deposit option to your bank account.
They also let you donate to charity.
2. Interest on savings account
Do you want to make money by saving money? That sounds like an idea.
Most bank accounts offer interest rates for keeping your money in their bank.
Most traditional banks have interest rates between 1% to 2%.
A lot of new online banks offer better rates basically because they have lower overhead costs, and that’s how they can maximize returns for their users.
Compare with different banks to see where you can get better interest rates, and you will be able to make more savings with your existing funds with the bank.
This method is an entirely risk-free deal as you have a sure shot at returns, depending on the total amount of money available in your bank account.
3. Trade micro stocks
So, you’re into Stock Trading, but don’t have a lot of cash in hand to invest in any of the big companies.
The stockpile app helps you out by letting you invest in a lot of stock options.
With the app, you’re able to purchase fractional shares of huge companies like Netflix and Apple so that you have more significant returns in the long run.
They also have a $5 sign up bonus, so if you are already thinking of starting to invest, why not collect all that cash.
With a minimum trading fee of $0.99 and zero management fees, you can start investing today!
4. Get Free Money Participating in Focus groups
Focus groups are helpful in letting companies understand what their users in the small targeted group, think about their services, concepts, or products.
Everyone who participates in focus groups is paid for their feedback and thoughts.
Although a lot of focus groups are organized face to face, if you’re not comfortable meeting up with people during this time, look out for online focus groups.
Companies like 20-20 panel and TruTrae pay people to share their opinions using online chat forums and other digital platforms.
They host focus groups and spend all their online participants anywhere between $50 to $250.
If you are a makeup enthusiast, you should sign up with The Pink Panel. This website lets you share your opinion about products that they send to you to try and give feedback about.
In return, they send you gift cards, so it’s basically like free money.
With “The Pink Panel,” the only drawback is that you can only be part of a panel every six months, so it’s not a regular flow of money, but a gift card never hurts anyone, right?
Related: How To Make Money Testing Products.
5. Sell your extra bandwidth
Lately, there’s been a lot of buzz around a new application known as Honeygain.
Their website claims that you can earn $30 a month if you’re able to share 10 GB of unused net traffic per day with their data scientists.
You get a $5 bonus for signing up, and all you need to do is install the app on your Windows, Mac OS, or Android PC, connect it with the internet and earn rewards on their app.
Their users claim that they can earn about $20 in 48 days. So, if you have an online connection of unlimited data consumption, all you need to do is switch on your PC and relax and let the application do the work.
6. Get free money by selling your junk mail
What do you do with your junk mail? Do you throw it in the recycle bin?
There’s another way that you can recycle it and earn some money out of it. The Small Business Knowledge Center is ready to pay you to send them your junk mail.
All participants earn a $20 gift card every couple of months, and you don’t even need to pay for the shipping of this junk.
This is a very creative way of getting money completely free!