How to make money online

22 Ways to Make Money Online (2020)

Want more money? Wouldn’t it be nice to be able to make money online, even with this pandemic running amuck? Well, I have some good news for you. It has never been easier to start making money online. You have the whole world at your fingertips. Some of these could become full-time jobs, as long as you put in the time and effort for them. These are some of the best ways to make money online in 2020.

Freelance

You have a skill in high demand? Good, then freelancing might be the thing for you. It doesn’t matter what you do; there is some type of freelancing job out there for it. The most popular sites to hire freelancers are Upwork, Fiver, and Freelancer. If you want to be serious about this, consider making your site and business cards to help your business grow.

Blogging

One of the most popular ways to make money online is by starting your blog. You can start blogging about anything you are passionate about. However, if you want to make money off your blog, consider writing in a popular niche that is known to be profitable. There is no limit to how to monetize your blog, and this can become more than just a side hustle but can become your full-time job if you treat it like a business.

Affiliate Marketing

For those of you who already have an excellent social presence online, you might want to consider Affiliate marketing. Affiliate marketing is where you promote companies, products, services, and other offers online. You have a custom link given to you by your affiliate, and if people sign up through your link, you will earn a commission from your affiliate.

Writing an eBook

Not too long ago, publishing a book took a lot of time and a lot of rejections. You had to get a publishing company that would help you publish your book, and then hope that your book would sell and you would earn some portion of a sell. But thanks to eBooks, all you have to do is write something people require to read and get it published. If you have been needing a sign to start writing that book you have always dreamed of, this is it.

Dropshipping

Dropshipping is a way to sell products without ever needing inventory. How it works is someone places an order through your website, and once their order is complete, you order the product from a third-party site. The third-party will send the product to the customer and say it is from you. If this sounds interesting to you, then the site you want to get started at is Shopify. It is known for its dropshipping and easy to build websites.

Consulting

Another great to make money online is consulting. If you are an expert in a field or know more than the average person, it is the perfect job for you. Companies hire consultants to help them solve a problem, or they might know how to do it but don’t have the time or resources to do it. Even if you don’t have a skill or expertise right now for a field, consider finding something that is in high demand and learn as much as you can about it and then put yourself out there. Clarity is a good site to find consulting work.

Best ways to make money online 2020

Web Designing

While this could fall under freelancing, this is something that I feel should have a spot of its own. Web designing has become a high demand product. It doesn’t matter whether you choose to take the freelancing path or the traditional path; both are great options. You will want to have your own site to help show your talents, but think about putting yourself out there on the top freelancing sites as well. If you don’t know how or want to learn, there are unlimited options to choose from when it comes to learning how.

Peer to Peer

If you have taken out a loan and had to pay it back, you know that banks are making pretty decent money off of you. Wouldn’t it be nice if you could make money like that? Well, good news, you can make money by lending it. Peer to Peer lending has become popular in recent years. There are many choices for Peer-to-Peer lending, but the best two options are; Lending Club and Prosper. You will have to double-check to make sure the one you choose is allowed in your state.

Sell your photos

Do you have a camera? Good, your halfway there to make money online selling your photos. The two great sites to sell your photos are ShutterStock and iStockPhoto. This method is a great way to create passive income since you make money every time your photo used. If you want to take it a step further, market yourself to do weeding, engagement, or any other life events. While that isn’t specifically online, it is still a great way to make some extra money.

Etsy

Do you have an artistic side that just needs to be expressed, but find it hard to express yourself since you also have to pay bills? Then look no further than Etsy. Similar to Shopify, but Etsy is for handmade, vintage, or craft supplies. It is a place made by creative people for creative people. If you are already getting a lot of compliments or people asking for some of your art, then why not market it?

Social Media

Have you ever thought about having thousands of followers on Instagram or Twitter or create a popular Facebook page? Why not do it, and why not make some extra cash from it? Companies are continually promoting their new products on social media to spread the word about their product. Why shouldn’t you tape into that market too?

Youtube

If you aren’t comfortable with writing a blog, then Youtube might be the best choice for you. All you have to do is create a channel and began uploading videos. Once you have enough views and subscribers, you can start monetizing your channel. Make sure to pick the right niche, and don’t try to reinvent the wheel, instead find out what the successful YouTubers in your niche are doing and do what they are doing. Then once you have an idea of how to do it well, do something that sets you apart from the competition.

Podcasting

If being in front of a camera makes you uncomfortable or you simply don’t like it, then you are in luck, welcome to the world of podcasting. It doesn’t have to be complicated. All you need is a microphone, laptop, and free recording software. The most straightforward way to make money is by sponsorships, but there are plenty of different ways to monetize it.

Completing Survey

You bring in a decent amount of side income by taking online surveys. Though, don’t expect to be making bank from this. The majority of sites aren’t going to pay more than a couple of dollars for each survey you complete. The most popular site for this is Swagbucks.

Create an online course

If you want to go a step further than Ebook or help bring more profits to your blog, creating a course is the right way to go. Creating an online course can be a great way to generate passive income. If you don’t have a site, but want to create an online course, there is an excellent choice for you too. Udemy is one of the most popular online course sites out there. They have thousands of courses on about every subject imaginable.

Best ways to make money online

Online Stock trading

If you have a good understanding of stocks or have always wanted to learn, now would be an excellent time to learn. Stock trading is different from investing since you are only keeping the stock from a couple of days to months but never more than a year. If you are just starting and what to practice trading beforehand, check Invstr and use their practice portfolio. That will help get your feet wet and better understand what your doing.

Online Tutor

You used to be limited to how many students you could tutor or where you could tutor. However, thanks to the internet that has changed forever. You can now tutor from anywhere in the world. You might want to consider dusting off your old textbooks and start reviewing them. What you charge will depend on your experience and the subject you are teaching. Consider using sites like Tutor.com or Care.com. You could also go down to local schools and community centers to advertise your services.

Virtual Assistant

Virtual assistants are business administrative support. Some of the major work could include phone calls, email, research, data entry, bookkeeping, marketing, and the list goes on and on. You can either join a company, post on a freelance site, or start your own Virtual Assistant business. All three are great opportunities. Figure out what you would best at or be most interested in learning.

Investing

Investing is very similar to trading, but instead of only keeping your stock for a short amount of time, you are investing for the long run. The best person to think of when thinking about investing is Warren Buffet. There is no shortage of platforms you could use to start investing. Consider checking out the top investing apps for 2020.

Become a Translator or Interpreter

Do you speak another language? If so, then you have hit the jackpot of in-demand skills. With all things considered, people have transitioned to virtual meetings being the new norm. You can find job postings or freelance jobs that need someone to translate another language. Popular sites to find such work are Gengo and Smartling are great places to start.

Transcriber

If you have a knack for typing, then this is one of the easiest ways to earn some extra cash. You are often paid by the audio hour, so the faster you can transcribe audio recordings, the more you make. The average transcriber can type 75 to 100 words per minute. If this does interest, you check out Rev, one of the top places for transcriber work.

Conclusion

There is an insane amount of ways to make money online. This article only scratches the surface of ways you can make money. If you have a hobby or skill, you can bet you can make money using it somehow. You sometimes just have to be a little creative when it comes to your profit. However, if there is one thing we have learned from this pandemic is that you can’t rely solely on your job to provide for yourself. The only person you can rely on is yourself.

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