15 Legit Ways to Make $500 Fast in 2024

Fact-checked by Laurynas Cesnys
Editor
Updated on: August 20, 2024
how to make 500 dollars fast

Need $500 fast? You're not alone. Many people find themselves in situations where they need cash quickly, whether it's for an unexpected expense, a bill that's due, or a financial emergency. So if you are wondering how to make 500 dollars fast, this article is for you.

From selling items you already own to taking on short-term gigs, there are plenty of options available when you need 500 dollars quickly. I'll show you innovative methods to help you reach your goal and get the needed dollars fast.

Let’s discover practical and creative ways to make $500 fast.

Quick-Win Strategies (Make $500 in 24-48 Hours)

1. Sell High-Value Items Online

how to make 500 dollars fast

Selling expensive items you no longer need, such as jewelry, electronics, or collectibles, can help you make $500 quickly online.

Where to do it

Tips and Best Practices

  • Research your potential customers and target market to effectively price and market your items.
  • Create high-quality listings with detailed descriptions, good quality photos, and engaging stories to justify the high price.
  • Price your items competitively, considering their unique value and comparing them to similar high-end products.
  • Protect yourself and the buyer by using secure payment methods and carefully packaging and shipping the item.

2. Rent Out Your Car

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If you own a car that you don't use frequently, renting it out can be a great way to earn quick cash and make up to $500 or more, depending on your vehicle and location.

Where to do it

  • Turo and Getaround are popular peer-to-peer car-sharing platforms that allow you to rent out your car to locals and travelers.
  • HyreCar is a platform that enables you to rent your car to rideshare and delivery drivers.

Tips and Best Practices:

  • Ensure your car is clean, well-maintained, and in excellent condition to attract renters and justify higher daily rates.
  • Take enticing photos of your car and write a detailed, engaging description highlighting its best features and rental policies.
  • Set competitive prices based on your car's make, model, and location, and consider offering discounts for longer rentals.
  • Screen potential renters carefully, and establish clear guidelines for vehicle use, mileage limits, and fuel policies.
  • Protect your vehicle with appropriate insurance coverage, and consider investing in additional security measures like GPS tracking.

3. Take on Gig Economy Jobs

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Gig economy jobs offer flexible, short-term opportunities to earn money quickly by providing services like delivery, ridesharing, or task completion.

Where to do it:

  • Uber and Lyft are popular ridesharing platforms that allow you to earn money by driving passengers.
  • DoorDash and Postmates are food and grocery delivery apps that pay you for delivering orders to customers.
  • TaskRabbit and Thumbtack connect you with local clients who need help with various tasks, from cleaning to home repairs.

Tips and Best Practices:

  • Sign up for multiple gig platforms to increase your earning potential and find the best opportunities that fit your skills and schedule.
  • Optimize your profile and listings with a professional photo, detailed descriptions of your services, and competitive rates.
  • Maintain a high rating by providing excellent service, being punctual, and communicating effectively with clients.
  • Prioritize your safety and well-being by following platform guidelines, screening clients, and taking breaks when needed.

4. Freelance Your Skills

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Freelancing allows you to earn money quickly by offering your professional skills and services to clients on a project basis, whether it's writing, graphic design, web development, or consulting.

Where to do it:

  • Fiverr, Upwork or Freelancer.com are popular freelance marketplaces where you can create a profile, showcase your skills, and find clients.
  • LinkedIn, Indeed, and niche industry sites can also help you connect with potential clients and land freelance gigs.

Tips and Best Practices:

  • Identify your most profitable and in-demand skills, such as writing, graphic design, web development, social media management, or marketing.
  • Create a strong portfolio that showcases your best work and demonstrates your expertise to potential clients.
  • Set competitive rates based on your experience, skills, and market demand, and be clear about your pricing and project scope with clients.
  • Network actively, both online and offline, to build relationships with potential clients.

Steady Earners (Reach $500 in 10-30 Days)

5. Online Surveys and Microtasks

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Taking online surveys and completing small, simple tasks (microtasks) can help you earn extra cash quickly from the comfort of your home.

Where to do it:

  • Swagbucks, Survey Junkie, and Vindale Research are popular survey sites that pay you for sharing your opinions on various products and services.
  • Amazon Mechanical Turk (MTurk) and Clickworker are platforms that offer paid microtasks, such as data entry, image tagging, and transcription.

Tips and Best Practices:

  • Sign up for multiple reputable survey sites and microtask platforms to increase your earning potential and find the best opportunities.
  • Complete your profile thoroughly and honestly to qualify for more surveys and tasks that match your demographics and interests.
  • Be consistent and efficient in completing surveys and tasks, as your earnings can add up quickly over time.
  • Cash out your earnings regularly, and be aware of any minimum payout thresholds or fees associated with each platform.
  • Be cautious of scams and only sign up for legitimate, well-reviewed sites that have a proven track record of paying their users.

6. Cash Back and Rewards Hacks

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Earning cash back and maximizing rewards programs can help you save money on purchases and accumulate funds quickly, potentially reaching $500 or more over time.

Where to do it:

  • Rakuten, Ibotta, and TopCashback are popular cash back apps and websites that give you a percentage of your purchase price back when you shop through their platform.
  • Credit card rewards programs allow you to earn points or miles on your spending that can be redeemed for cash, gift cards, or travel.

Tips and Best Practices:

  • Sign up for multiple cash back apps and rewards programs to maximize your earning potential across different purchases and retailers.
  • Plan your shopping around bonus categories, seasonal promotions, and partner offers to earn higher cash back rates and rewards.
  • Redeem your rewards strategically, opting for statement credits, direct deposits, or high-value redemption options like travel bookings.
  • Stay organized by tracking your rewards balances, expiration dates, and redemption options across different programs.

7. Rent Out Your Space

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If you have a spare room, parking space, or storage area, renting it out can be a quick way to earn extra income and potentially make $500 or more per month.

Where to do it:

  • Airbnb and Vrbo are popular platforms for renting out your spare room, entire home, or vacation rental to travelers.
  • Neighbor and Stashbee connect you with people looking for affordable storage solutions in your area.

Tips and Best Practices:

  • Create an attractive listing with high-quality photos, detailed descriptions, and competitive pricing based on your location and amenities.
  • Be a responsive and accommodating host, providing clear instructions, local recommendations, and prompt communication to guests.
  • Keep your space clean, well-maintained, and clutter-free to ensure a positive experience for renters and earn great reviews.
  • Set clear house rules and expectations upfront, such as quiet hours, pet policies, and parking instructions.
  • Prioritize your safety and privacy by screening potential renters, using secure payment methods, and setting boundaries as needed.

8. Pet Sitting and Dog Walking

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If you love animals, offering pet sitting or dog walking services can be a fun and rewarding way to earn quick cash, potentially making $500 or more per month.

Where to do it:

  • Rover and Wag are popular platforms that connect pet owners with local pet sitters and dog walkers for various services.
  • PetSitter.com also allows you to create a profile and find pet care jobs in your area.

Tips and Best Practices:

  • Create a compelling profile that showcases your experience, skills, and love for animals, along with competitive rates and availability.
  • Offer a range of services, such as dog walking, pet sitting, feeding, and playtime, to attract a variety of clients and increase your earning potential.
  • Be reliable, punctual, and attentive to each pet's unique needs and preferences, following the owner's instructions carefully.
  • Communicate regularly with pet owners, providing updates, photos, and videos to give them peace of mind while they're away.
  • Prioritize the safety and well-being of the pets in your care, and be prepared for emergencies with first-aid knowledge and emergency contact information.

Side Hustles with Growth Potential

To achieve your goal of making 500 dollars fast, consider exploring side hustles with long-term growth potential. These opportunities allow you to leverage your skills and experience to build a sustainable income stream alongside your full-time job.

9. Freelance Writing and Proofreading

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If you have a talent for writing or a keen eye for detail, offering freelance writing or proofreading services can help you earn $500 or more relatively quickly.

Where to do it

Tips and Best Practices

  • Develop a strong portfolio that showcases your best writing samples or editing projects, tailored to your target clients or industries.
  • Set competitive rates based on your experience, skills, and project scope, and be clear about your pricing and turnaround times.
  • Communicate effectively with clients, asking questions to clarify project requirements and providing regular updates on your progress.
  • Build a strong reputation by collecting testimonials and referrals from satisfied clients, and consistently marketing your services to attract new business.

10. Virtual Assistant Services 

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Offering virtual assistant services allows you to earn money by providing remote administrative, technical, or creative support to clients, potentially making $500 or more per month.

Where to do it

  • Zirtual, Time Etc, and Fancy Hands are virtual assistant companies that match VAs with clients needing support.
  • Upwork and Freelancer.com are platforms where you can create a profile and find virtual assistant gigs.

Tips and Best Practices

  • Set competitive rates based on your experience and the value you provide, and be clear about your availability and turnaround times.
  • Invest in reliable technology and tools, such as a fast computer, high-speed internet, and relevant software, to deliver efficient and quality work.
  • Communicate proactively with clients, asking questions to understand their needs and preferences, and providing regular updates on tasks and projects.
  • Be organized, detail-oriented, and adaptable to different clients' working styles and requirements, ensuring a seamless experience for them.
  • Continuously upskill and expand your services to attract a wider range of clients and command higher rates as a valuable virtual assistant.

11. Social Media Management

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If you have a knack for social media, offering social media management services can help you earn $500 or more per month by assisting businesses with their online presence.

Where to do it

  • Freelance platforms like Upwork, Freelancer.com, and Fiverr connect social media managers with clients needing help with their social accounts.
  • Agencies like Sociallyin and Ignite Social Media hire remote social media managers to serve their clients.

Tips and Best Practices

  • Develop expertise in popular social media platforms, such as Facebook, Instagram, Twitter, and LinkedIn, and stay updated on the latest features 
  • Showcase your social media successes, such as increased followers, engagement rates, or successful campaigns you've managed.
  • Offer a range of services, including content creation, scheduling, community management, and analytics reporting, to provide comprehensive value to clients.
  • Develop a deep understanding of each client's brand voice, target audience, and social media goals to create tailored content and strategies.

12. Online Tutoring and Teaching

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If you have expertise in a particular subject or skill, offering online tutoring or teaching services can help you earn $500 or more per month by sharing your knowledge with students.

Where to do it

  • Platforms like VIPKid, Chegg, and TutorMe connect tutors with students needing help in various subjects and grade levels.
  • Udemy, Skillshare, and Teachable allow you to create and sell your own online courses in your area of expertise.

Tips and Best Practices

  • Identify your areas of expertise, such as academics, languages, or professional skills, and focus on subjects with high demand and low competition.
  • Develop engaging and effective lesson plans or course content that caters to different learning styles and keeps students motivated.
  • Use interactive tools and technologies, such as video conferencing, screen sharing, and digital whiteboards, to enhance the learning experience.
  • Be patient, adaptable, and encouraging with students, providing constructive feedback and celebrating their progress.

Innovative Methods 

These methods leverage emerging technologies and platforms to help you earn money quickly using your existing skills and interests.

13. Blockchain Microtasks

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Blockchain microtasks allow you to earn cryptocurrency by completing small, simple tasks that contribute to the development and maintenance of blockchain projects.

Where to do it

  • Storm Play is a gamified microtask platform where users can earn Bitcoin, Ethereum, and STORM tokens for completing tasks like surveys, trying new products, and watching videos.

Tips and Best Practices

  • Look for blockchain microtask platforms that align with your skills and interests, such as data annotation, content moderation, or testing decentralized applications.
  • Familiarize yourself with the specific cryptocurrency used by each platform and ensure you have a compatible wallet to receive your earnings.
  • Provide high-quality work and maintain a good reputation on the platform to increase your chances of receiving higher-paying tasks and bonuses.

14. AI Training and Data Labeling 

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As artificial intelligence (AI) advances, there is a growing demand for human workers to assist in training AI models and labeling data, offering an opportunity to earn $500 or more per month.

Where to do it

  • Amazon Mechanical Turk (MTurk) and Appen are popular platforms that offer AI training and data labeling tasks.
  • Hive Micro and Labelbox are specialized platforms that focus on data labeling projects for machine learning and computer vision applications.

Tips and Best Practices

  • Familiarize yourself with the specific requirements and guidelines for each task, such as the labeling conventions, quality standards, and submission deadlines.
  • Maintain a high accuracy rate and follow instructions carefully to ensure your work is accepted and you receive positive ratings on the platform.
  • Optimize your workflow by using keyboard shortcuts, templates, or other tools to complete tasks efficiently without compromising quality.
  • Provide constructive feedback to task requesters when appropriate, such as suggesting improvements to task instructions or reporting technical issues.

15. Beta Testing Apps and Websites

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Beta testing involves trying out new apps, websites, or software before they are released to the public, providing valuable feedback to developers and earning money in the process.

Where to do it

  • Testbirds and Testlio are platforms that connect beta testers with companies looking for user feedback on their digital products.
  • BetaBound and BetaTesting are communities where you can sign up to participate in beta testing opportunities for various apps and websites.

Tips and Best Practices

  • Create a detailed tester profile highlighting your devices, operating systems, and areas of expertise to get matched with relevant testing opportunities.
  • Follow the testing instructions carefully, documenting any bugs, glitches, or usability issues you encounter with clear descriptions and screenshots.
  • Provide constructive and detailed feedback on the user experience, including suggestions for improvements or new features.
  • Participate in tester communities and forums to learn from other testers, share insights, and discover new testing opportunities.

How to Make 500 Dollars Fast: Final Thoughts

From selling items online and renting out your space to freelancing and participating in the gig economy, there are numerous ways to make extra cash when you need it most.

While some methods may yield faster results than others, the key is to find a combination of strategies that works best for your skills, resources, and schedule. By diversifying your income streams and staying consistent in your efforts, it's entirely possible to make $500 fast.

Remember, making money quickly doesn't have to be complicated. Sometimes the easiest way to make extra cash is by leveraging the assets and skills you already possess. With a little creativity and hustle, you can learn how to make $500 fast and reach your financial goals.

About Author:
Paula is an accomplished content strategist and journalist with over 7 years of experience creating compelling, well-researched materials for business and finance audiences. Drawing on her background in journalism and brand messaging, Paula develops informative content that engages readers across diverse platforms, distilling complex financial topics into accessible, authoritative articles. Her ability to deliver valuable insights helps brands connect with their target audiences and empowers professionals navigating the ever-evolving business landscape.
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