Achieving financial freedom is the goal of many people. This generally means having enough savings, investments and cash on hand to give ourselves and our families the lifestyle we want — and a growing financial support that will allow us to retire or pursue the career we want without being driven by earning a certain amount each year.
The crazy thing is, earning money online isn’t a pipe dream. There are thousands of people who are earning money online their own way with websites, courses, or unique marketing strategies. However, there is no such thing as a make money fast scheme, You need to be willing to devote the time and energy required to get your idea off the ground, and you need grit to stick with it even if your journey is slow when you first start out.
So let’s discuss the top 10 ways to make money online in 2020.
If you like to write and you want people to read your writings, thoughts and opinions, starting a blog might be a perfect hobby to undertake. You can write about literature, banks, societies, history, travel, personal life, cooking, gadgets and so on. There are hundreds of resources online that will help you design, create and publish your blog for as low as $20 an year. Blogs will help you create a community of like-minded people who will appreciate your opinions. It is important to have an audience which will listen to you and support you.
#2 YouTube Videos
Ranking higher in platforms with thousands of new content being shared every day is difficult. I would be lying if I said that you can easily upload videos and earn money on YouTube. However, it is true that it is free and people tend to be attracted by a good video more than by a good blog post. So instead of sticking to one try weaving them together. Share your YouTube video on your blog page, and mention your blog in your videos. Patience and persistence is the key so don’t slack off if your first 3 videos fail to make it to the search results.
#3 Google Adsense
If you’ve visited any website, you’ve seen Google ads. These ads are everywhere and with good reason. Not only are they easy to place on any basic website, but they can be lucrative when your website starts generating a steady amount of traffic. One of the many cool things about Google AdSense is that it’s so easy to set up. If you have a blog or website, you can sign up for a free Google AdSense account. From there, Google will give you a unique code to paste on your website. Google takes it from there, tracking your page views, traffic, and earnings on your behalf. There is no maintenance or maintenance that would run this thing, so it doesn’t make sense if you already have a website.
#4 Affiliate Marketing
Affiliate marketing is one of the most sought after ways of making money online. Not only are affiliate accounts easy to set up, but once you get a hang of it, affiliate networks like ClickBank give you as much as 75% commission on each sale that your link generates. They have an amazing online learning platform, the CB University which teaches you everything that you need to know about the affiliate marketing program. So if you are looking for a comprehensive course on how to make money online with affiliate marketing, make sure to check out the CB University course.
#5 Author an E-Book
If there is a great novel idea lying around in the back of your mind for a long time, now is the time to write it down. With the advent of technology, it has become extremely easy to create your own e-book and publish it on an online marketplace like Amazon. You will earn a royalty based commission with each sale and will generate income for you even when you’re sleeping. I personally know a few people who use Sqribble which is one of the best e-book creators in the world. You can check it out here.
#6 Become a full time Freelancer
Financial freedom means breaking out of the 9 to 5 job routine and take back control of your life. If you are a skilled coder, data analyst, fluent in Content Management Systems (like WordPress and Wix), writer, music producer, marketer, video editor or web developer, you can make a lot of money online working as a freelancer at popular platforms like Fiverr and Upwork. No matter how overwhelming it might be to start work on a platform with thousands of other professionals, remember that earning money is no piece of cake and you will be successful only with dedication and patience.
#7 Provide a service
Even if you do not have the technical skill to work as a freelancer, you can earn money online by providing services to those who require them and outsourcing the jobs to other freelancers. This is also known as Dropservicing, and it is a legitimate method of making money. You act as a marketer or a landing page and provide service to clients while outsourcing it to your freelancers and provide them work. What do you get out of it? A big cut as the service provider. Dropservicing is very similar to its parent business Dropshipping, about which we will talk next.
#8 Dropshipping with SaleHoo
Dropshipping is one of the most talked about money making method. While it is very easy to set up your dropshipping stores with Shopify, WordPress or other CMS, it will take time to make an audience and create profits. Owning your own business has never been easier with the advent of dropshipping, and with adequate strategies you can earn thousands if not tens of thousands of dollars using this business niche. I personally recommend SaleHoo which is a highly renowned wholesale and dropship directory. You can get started with SaleHoo for as less as $67 for a year of full access. Click here to learn more about SaleHoo and its plans.
#9 Content Writing
Content Writing is a very popular source of side income for many people. Companies and organisations frequently require text content to fill their web pages with and this is where your expertise comes to play. You can start your journey as a successful content writer as soon as you want. However there are a few technicalities that you should know. You can learn more about how to head start your career and grow as a content writer here.
#10 Teach Online Courses
If you are skilled in a particular field, share it with the world through online courses. You don’t need expensive audio recording equipment or a D-SLR camera. If you have an interest in teaching, make videos and post them as courses on platforms like Udemy. This is a great way to earn passive income since you will get paid every time a person enrolls in your course.
So these were 10 different ways to make money online at home. Making money using the internet is not difficult. Some day you will have a success story of your own. All you have to do is try.