5 ways to make money online

From blogging to profitable social networking and playing games to posting on forums, the internet is a world of moneymaking opportunity

With the advent of university top-up fees, student life doesn’t come cheap for today’s overworked undergraduates. But the power of the internet offers up a number of ingenious ways to generate some extra beer money from the comfort of your own home. Here are FIVE of the best.

1. Social networking

It might seem like nothing more than a pipe dream but making money as you trawl through profiles of friends, prospective and ex boyfriends and girlfriends is actually a reality. Yuwie, an upstart social networking enterprise, offers to pay its users as they increase the page impressions of their public profiles, upload photos to share and refer others to join in the fun. All of this is achieved by a proportionate payment structure that sees around half of the website’s advertising revenue – its chief source of income - distributed directly to its user base.

Admittedly it’s still early days but with around half a million registrations to date and no shortage of testimonials, Yuwie looks like the real deal.

2. Blogging

There are two ways to make cash through blogging: either by earning commission from advertising banners placed alongside a blog of your own or by engaging in the (slightly dubious) practice of “sponsored” blogging. An array of third party tools is available in the case of the former option; Google’s AdSense remains one of the more popular solutions. Just establish yourself a decent blog, configure the ads and see what happens. Sponsored blogging on the other hand is an altogether more calculated affair, with specialists such as Blogitive and PayPerPost providing a platform through which companies essentially contract bloggers to post favourable content about their products in exchange for cash. Unethical, granted, though nonetheless undoubtedly fruitful for those subtle enough to get away with it.

3. Stock photography

If you’ve a keen eye for an impressive frame, or even just some half-decent camera kit at your disposal, selling pictures to any one of the plethora of stock photography agencies scattered across the web represents a sure-fire method of generating an income online. The likes of iStockPhoto and Fotolia offer budding photographers the incentive of earning potentially significant sums for their snaps on a per-download basis in exchange for their other royalty payment rights. Predictably, the most sought-after depictions are of a fairly mundane nature – think three-quarter view angles of pretty women dressed in suits – though equally inevitable is the high demand in some quarters for photographs of an altogether more risqué nature…

4. Surveys

As inglorious a means of making money online as you’re ever likely to find, completing market research surveys for cash is time-consuming, invasive and very, very dull. It also happens to be very effective. Opportunities in this field are virtually endless too, with literally thousands of research groups vying for your time and attention. Perhaps the most well known of these is YouGov, whose methodology involves obtaining responses from an invited group of internet users at prices ranging from £0.50 to £2.00 per survey completed. Registration is free and relatively painless, though if you are planning on going down this route, you would do well to create another email account solely for the purpose of survey completion – your personal details are going to be getting bandied around an awful lot.

5. Freelancing

If you have a talent – be it for writing, graphic design or even programming - online freelancing will allow you to exploit it for a handsome profit. Services such as Elance and oDesk advertise outsourced remote working opportunities on behalf of thousands of companies and allow members to sign up to assignments according to their desired criteria. Naturally, there’s a catch - said services also take a cut of up to 15 per cent of your potential earnings. Depending on your skills and availability though, there is a lot of money to be made in this fashion, with the fastest-growing fields - like document translation - paying the best rates.