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What is Reddit & How Does it Work?
Reddit, aptly referred to as “the front page of the internet,” boasts 52M+ active daily users, a number that is only growing. It is a social media platform predominantly focused on communities to share different news and content.
Reddit can be unlike many other social media sites, which has the potential to initially throw those unfamiliar with the platform for a loop.
Those who engage on Reddit, often known as “Redditors,” post in subreddits tailored to their interests or topics of choice. These subreddits are where Redditors will share info via posts, images, video, and links.
Even without actively posting, there is a lot of valuable information Reddit has to offer, one of which is how to make money online.
Subreddits to Earn a Side Income
Here are a few popular subreddits for you to check out that offer a wealth of knowledge on making money online. Although none of these will help you get rich overnight, these subreddits have plenty of ideas to get you started making money online as soon as today.
QMEE is a smaller subreddit with about 2.4k members where you can earn money with your typical online searches on Google, Amazon, eBay, Yahoo, or Bing.
You can also earn money through this community from surveys or other cash rewards offerings that are brought up in their community members’ posts.
There is also a browser extension for QMEE that allows you to make money online while shopping or participating in paid surveys.
BeerMoney is one of the most popular subreddits, with its primary focus being ways to make money online for some extra cash.
With a lot of regular activity and engagement, it proves to be one of the most reliable sources for tips and methods for ways to make money online.
Subscribing to the /r/BeerMoney subreddit, you’ll be seeing a range of recommendations that will help you get extra money in your pocket.
What exactly will you discover on this thread? Here’s the list of the most common things:
- Paid surveys
- Cashback programs
- Product reviews
- A wide range of recommendations to make extra cash online
SignupsforPay is a community where you can get paid for signing up through the posted affiliate links.
Simply spend a little time discovering new offers each day. In exchange for some of your time, you can make a bit of extra money on the side for relatively minimal effort on your part.
Alternatively, you can post your own referral links and get people to sign up through them.
WallStreetBets has gained some recognition as of January 2021. It got famous with the mass purchase of GameStop stock that took many by surprise by disrupting the markets.
WallStreetBets is where its community members with claimed investment backgrounds share stock tips and investment advice.
Disclaimer: The culture of this subreddit can be a little unorthodox, and their investment strategies fairly aggressive.
For the more informed educator, this subreddit has the prospect of getting you some return. But if you’re new to the world of investing, tread carefully and do your research.
Note that as much as investing can be extremely lucrative, diving into it without learning more about it could leave you in a bad spot financially.
forHire is perfect for you if you’re looking for work. This subreddit is used by people who are looking for freelancers and usually post their job requests.
If you have marketable skills, it will be well worth your time to engage with this subreddit to get access to some great opportunities available.
Here’s the list of some of the most in-demand jobs you can find on the forHire subreddit:
- Graphic Design
- Social Media Management
- And much more
So if you have got a skill to advertise, this is the forum to do it. It is heavily geared towards technology skills. So if your area of expertise falls under this category, this could prove to be a worthwhile resource to check out.
Freelance is a subreddit with a community sharing tips and tricks on the freelancing industry.
With more and more people tending to take control of their careers, this subreddit offers an assortment of advice and anecdotes of freelancing experiences.
So whether you are already freelancing or looking to get started, Freelance is definitely a great place to look for information and tips that will help you grow your freelancing career.
Be wary though, as promoting or soliciting work on this subreddit is strictly against this subreddit’s rules.
WorkOnline is the perfect subreddit to visit when you’re interested in finding an assortment of topics related to making money online.
Here’s what you can find under the WorkOnline subreddit:
- Freelancing opportunities
- Sites that will pay you for completing certain tasks
- Affiliate programs
- Tutoring gigs
- And even some full-time opportunities
SlaveLabour, suitably named as it is a growing subreddit where you can get paid for doing jobs for below-market-rate.
These jobs won’t get rich overnight, but you can make some extra cash by doing outsourced tasks such as:
- Data entry
- Graphic design
- Resume writing
- Giving music lessons
- And much more
If you have the time and the appetite for working for less than the market rate, then you can have a go at any of the listed tasks.
Startups is a subreddit with a growing community of almost 700k members, sharing problems and solutions around startups.
Don’t confuse Startups with the subreddit Startup.
For those with an intense entrepreneurial spirit, this subreddit provides a good basis for your startup, covering topics such as:
- Business plans
- And more.
Note that there are strict rules for promoting your startup under this subreddit. However, there’s a monthly share thread where you can promote your startup without any problems.
Just be sure to carefully read and follow the subreddit rules to avoid getting flagged.
Where Else You Can Make Money?
If you’re done scouring the subreddits listed and still looking for more options on how to make money online, there are alternative sites you can seek out.
The table below shows some of the best ways of making money online:
|What to Offer||Platform|
|Freelance services||Fiverr, Upwork|
|Complete physical tasks (cleaning, handyman, etc.)||TaskRabbit|
|Self-publish your book||Amazon Kindle Direct Publishing|
Remember, there’s a world of possibility to monetize what you have to offer.
Can You Really Make Money From Reddit?
The honest truth is that you won’t get rich overnight with Reddit. But there are a lot of great communities that offer valuable advice, tips, and opportunities for making real money starting today.
With a little bit of time dedicated to combing through the various subreddits and some effort in following through the opportunities, you can make some extra money on the side.
Be sure to pay attention to the rules and guidelines of the subreddits you engage with, and your hard work will pay off with some real cash.
How to Make Money on Reddit – FAQ
How to monetize Reddit? Is it possible to monetize and put ads on my subreddit?
If you are trying to leverage a subreddit to promote your own business or website, this is acceptable to do per Reddit guidelines. Trying to monetize your subreddit, though, is strictly not allowed and will get you banned.
Trying to make money running ads on your subreddit for anything outside of your business has the potential to get you flagged and banned.
Overall, Reddit can be a great platform for promoting your business, but be careful if you are considering anything outside of self-promotion through community involvement.
Can I refer products for sale or use affiliate URLs in my posts and comments?
There is not a clear consensus on whether selling your products or using your affiliate URLs is explicitly banned on Reddit. However, each subreddit has its own rules and guidelines which clearly state what’s considered spam and what will get you flagged.
Can I create a community on Reddit for my website?
There are certain criteria that you will have to meet in order to create your own subreddit, like having an account at least 30 days old and having enough positive karma. This ensures that you are familiar enough with the platform and participating enough to truly know the ins and outs.
With enough karma and practice under your belt, you’ll be well on your way to creating a subreddit of your own to promote your business or website.