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8 Jan 2020

20 easy ways to make money in 2020

Find out how to put more pounds in your pocket this year

If you want to pocket some extra cash in the New Year then look no further!

Here, we round up 20 simple ways that you can make money in 2020.

Make sure your keeping as much as possible of your new-found gains with our guide to saving money.

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1. Boost your savings rate

While interest rates on savings accounts are lacklustre across the board, there is still a big difference between the best and worst accounts on the market.

You can use the Which? savings booster tool to find out how much more interest you could be earning by switching your account.

Move your money into a top-paying savings account to maximise the amount of interest generated.

Alternatively, you should check out the current accounts that pay interest.

2. Earn cash by switching banks

The introduction of the Current Account Switch Service has made it easier than ever to change bank accounts, as banks now do much of the work for you.

Some banks will pay you cash or vouchers worth up to £175to switch your current account.

Switching accounts could also give you access to cashback, exclusive savings accounts and cheap overdrafts, not to mention better customer service.

3. Use cashback websites every time you shop

You can make money buying products you already had your eye on by going through cashback sites such as Quidco and TopCashback.

Both offer internet browser extensions which will alert you when cashback is available from a retailer's website.

Many credit cards offer cashback or rewards (such as airmiles or shopping vouchers), which can be used alongside cashback websites.

4. Reclaim lost cash

Hundreds of millions of pounds are lying around in lost or forgotten bank accounts, savings accounts and even old investments.

If you think you might have an old account, finding it couldn't be easier. Our guide how to find lost bank and savings accounts explains everything you need to know to get your money back.

5. Sell your stuff online

One person's trash is another person's treasure. So if you've got any unwanted items lying around, don't just throw them out.

Try your hand at selling them online and see if you can make a profit. Websites like eBay are a quick and easy way to help shift things you no longer need.

Just look out for fees which could eat into how much money you make.

Gumtree and Preloved and, more recently, Facebook Marketplace are some of the biggest sites where you can advertise items you want to sell, complete with images and descriptions for free.

6. Rent out the stuff you own

It's also possible to make money by renting your stuff out rather than selling it by using sites likeFatllama.

Vehicles, evening dresses, cameras and household tools are among the most commonly rented items on these sites, and you can set the price and length of time you are willing to lend your items for.

7. Rent out your home

You could earn hundreds of pounds a day by renting out your home to TV production companies.

Registration is usually free, although you may have to pay a commission of the total location hire fee.

Most demand is for large houses with big rooms and plenty of good parking, although all types of property are sought, from contemporary conversions to classic period homes.

Magazine companies are always on the lookout for places to feature as backdrops for photoshoots too.

Check out AmazingSpace,Beach Studios and Location Works for information and to register your home.

8. Make money from your driveway

Your driveway can also help you earn extra money in the New Year.

Listing your driveway or garage on sites such as JustPark and YourParkingSpace could earn you cash from motorists searching for a cheaper or guaranteed spot.

You decide what to charge, with the going rate depending on location, demand and facilities, such as lighting and security.

Register your space free of charge and you could earn anything from £50 to £300 a month.

9. Test products for cash

If you're interested in testing new products before they are launched - from food to the latest technology - you can get paid for giving your opinion on them.

Rewards come in the form of either a cash payment or gift vouchers, and you should be told in advance how much you'll receive.

There are a number of websites online that you can sign up to, including Paid Product Testing.

10. Pick up odd jobs

Lots of online sites can help you make money from your skills in your spare time.

If you're a dab hand at DIY, for example, you could become a 'tasker' using Taskrabbit. The site connects people who need a hand with odd jobs, and people who have some time and know-how.

You can also use Fiverr or Fivesquids to offer a service such as graphic design skills that you can provide online.

11. Get paid to browse the web

If you're a regular online surfer, you could get paid to click on adverts, visit websites, and open emails using websites such as Qmee and Inboxpounds.

Qmee, for example, pays you when you search online.

It works through a browser extension that pops up with a set of results each time you use an engine like Google or Amazon. If clicked, you bank the money until you want to cash out.

12.Share opinions in surveys

You can earn money on the go or from the comfort of your home by simply completing surveys.

Panelbase, Valued Opinions and Toluna are among the bigger agencies, all you'll have to do is sign up and answer a few preliminary questions for each survey to make sure you're an appropriate candidate. You can expect to earn anywhere from 50p to £5 a survey.

13. Refer a friend

Lots of companies have refer-a-friend schemes that can often allow you to earn money.

One website called refermehappy collates these deals and acts as a social network, giving more people more opportunities to benefit from the rewards. But make sure the services you recommend to friends are suitable first.

14. Enter competitions

Sign up to a site such as Magic Freebies or Latest Free Stuff, which aggregate all the latest competitions you can enter.

15. Give mystery shopping a try

If you're a fan of shopping, you could get paid to do just that.

Mystery shoppers are regularly used to test supermarkets, retailers, restaurants and hotels. Register with Mystery Shoppers and Market Force to see what assignments they have going.

16. Review music for cash

If you're a music enthusiast, you might jump at the chance of getting paid to review unsigned artists.

Slicethepie allows you to do just that. Users get paid based on the quality of their reviews, and there is no limit to the number of artists you can review.

17. Recycle your old clothes

H&M will give you a £5 voucher - which you can use on purchases over £25 in store and online - for unwanted clothing or textiles you hand in at its stores through its garment collecting initiative.

The clothes you bring in can be any brand. It doesn't matter what condition they're in, but the donation should fill a supermarket carrier bag.

Marks & Spencer runs a similar scheme called 'Shwopping' and there are two ways you can benefit. You can fill up a bag with any old clothes and textiles, drop it off at an M&S store, and pick up 50 points on your Sparks loyalty card.

Alternatively, you can take your donation - which must include a piece of M&S clothing - to Oxfam and get a £5 M&S voucher, which you can use when you spend at least £35 on clothing, home and beauty products.

18. Recycle your old technology

Sites including Envirophone and Mazuma Mobile offer an instant quote for smartphones - even if they're damaged.

But don't stop there. Mazuma Mobile and MusicMagpie will pay you for other old gadgets including tablets, Kindles and smartwatches.

Just make sure you clear the memory of your old gadget before handing it over.

19. Set up your own blog with ads

If you like to share your thoughts with the world on a blog site and you've got a few followers, you could make money out of it.

Using Google Adwords you can put advertising on your site and make money every time people click on the ads. The more people click, the more you make.

20. Recycle printer cartridges

You can recycle empty printer cartridges for cash or Tesco Clubcard points.

Some sites pay as much as £2 per cartridge. Compare what you can get try Cash For Cartridges and Infotone.

Alternatively, you can recycle empty cartridges with Tesco and earn up to 125 Clubcard points with The Recycling Factory.

Which? Limited is an Introducer Appointed Representative of Which? Financial Services Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 527029). Which? Money Compare is a trading name of Which? Financial Services Limited.

Please note that the information in this article is for information purposes only and does not constitute advice. Please refer to the particular terms & conditions of a provider before committing to any financial products.