In today’s world, we all can definitely use more money. Fortunately, as developers, we have a valuable skill that we can use to make money.
In this article, we’ll look at how we can make extra money as developers.
Email Newsletter
Email newsletters are often overlooked. We can create email newsletters by collecting them from our blog or linking them from our social media profiles.
If people see that there’s something good in our profiles, they’ll subscribe.
Offering to collection people’s emails in exchange for something like an ebook will also work.
Then in our message, we give our subscribers some exclusive content along with some affiliate links so that some people may click on them and make us some money.
Trading Bot
We can make our own trading bot with our own programming skills. If we’re conservative with our trades then we can make money in a low-risk way.
Just make sure that our bot has no bugs that’ll make us lose money.
Investments
Also, we can invest in index funds or we can put it in our savings account to collect some interest.
Term deposits are also a low-risk way to make money. We can put our money in an account and keep it there until the maturity date, and then we collect money from it.
Mutual funds are also an option since they consist of multiple stocks and bonds in one fund, so the risk is spread out. To reduce the risk, even more, we can buy from multiple funds.
Of course, the lower risk ways to invest will have lower rewards. And higher risks ways will have a chance of higher rewards.
Now we don’t have to pay money to brokers to buy and sell financial products, so there’s no better time to buy and sell.
Paid Coding Challenges
If we’re really talented at programming, especially with data structure and algorithms, then we can make money from paid coding challenges.
Even if we aren’t as talented, there’re still plenty of hackathons that we can participate in that we can make money from.
However, hackathons usually last overnight, so make sure that we bring a sleeping bag to sleep in.
Bug Bounty Programs
If we’re security conscious and are good at finding bugs, then we can find security vulnerabilities in popular apps and make some money from them.
There’s a big list of bug bounty programs from Intel, Yahoo, Snapchat, Cisco, and more.
Affiliate Programs
We can earn commissions from affiliate programs by putting affiliate links on our blog.
If someone clicks on it buy something from our link, then we make money.
Just be sure to put links for something that we can endorse so that we have a good reputation in the online community.
Selling Our Own Products
We can sell stuff that we can make. We can take the mass production route or we can make niche products.
Then we can sell them in various places like eBay, Etsy, etc., depending on what products we’re offering.
Making products definitely isn’t an easy route to make money with all the upfront costs of manufacturing and promotion.
We also have to make sure that our product is what someone needs and that it has a differentiator that distinguishes it from millions of other products that are in the market.
Fiverr
Fiverr is a gig marketplace for small jobs that cost around 5 dollars. Whatever we can do for 5 dollars we can offer them on there.
To jumpstart our profile on Fiverr, we probably need some starter gigs from friends and family to get some good reviews, then once people see good reviews, they’ll start coming.
Ecommerce
In addition to making our own products, we can also resell products from other manufacturers.
We should test out the waters by getting some samples and see if they sell. Then we can double down if they sell.
There’re many places to sell like eBay, Shopify, and many more sites that we haven’t thought of yet.
Conclusion
The surefire way to make money is to put our money into a savings account. However, low-risk ways have lower rewards and higher risks ways may get us higher rewards.
Other ways are used to start a business like selling stuff online and offering our gigs online on Fiverr.
Email newsletters are often overlooked, so that maybe another way to make money.
