How to Make Money Online in 2020
How to Make Money Online in 2020
The Internet is more than a source of news and entertainment gossip. Today, billions of dollars are being exchanged through a multitude of legitimate activities. More and more people are starting their own businesses on the internet and making money online. Some are even turning their online ventures into full-time Internet businesses.
Are you ready to turn your passion into profit and start your online business but not sure where to start? Let’s take a look at seven ways to make money online that don’t require a lot of time or cut into your regular routine. Consider these options, with potential in some cases to be a whole lot more as a supplementary source of income.
Start your own blog
Make Money Blogging
The most popular way to earn money online is to start your own blog.
You can start your blog just about any topic you are passionate about, but if you intend to make money with your blog, you can consider choosing a profitable niche market.
Use your blog to share hobbies, ideas and passions with others and use your blog to build real relationships with people. The mechanics are straightforward, and you’ll be able to make a profit with your blog through online advertising (such as Google AdWords), affiliate marketing (see below), and customer-based lists to produce a steady stream of revenue. There are many ways to make money with a blog.
This is one of the fastest ways to get your piece of “virtual real estate”.
Keep in mind that these days a website and blog actually make very little difference. Most websites are actually run on blog based content management systems like WordPress.
Your blog does not just need to include blog posts, but can include regular web pages, sales pages, e-commerce, product pages, etc.
Even if you do not have your own products or services to sell, affiliate marketing gives you a chance to earn strong commissions through a series of one-time sales (or ongoing monthly sales). The online merchant gives you an affiliate website (or a simple affiliate tracking link)
And provide marketing support – all you have to do is promote the company with your link through social media, search engines or perhaps ideally your own website or blog (see above).
With all of these methods we want to make sure to build your email list so that you can work with your customers and generate additional sales.
The great thing about affiliate marketing is that you do not need to create your own products, you do not need to provide your customer support, and you do not need to create your own marketing materials.
All you have to do is choose a profitable market, promote the product as an affiliate and earn commissions for the sale anytime. Affiliate marketing is the fastest and easiest way to earn money online.
Even if you are offering your own products and services, people choose to promote other products as an additional revenue flow that they are already doing.
Start your own e-commerce website
Another great opportunity to earn money online is with the e-commerce website / store.
This is where you are selling physical products from your website. The most common (and hassle free) way to do this is through drop shipping; Where you simply take orders on your website and use a third party source to manufacture and ship the products for you.
The important thing you want to do is focus on a specific niche and have a niche store that just caters to that market, don’t try to be all things to everyone like Amazon.com.
Talking about Amazon.com, you may want to tap into other websites like Amazon.com, eBay.com, Etsy.com, etc. As a way to reach additional people you want to make sure that you have your own web presence with your own store so that you have 100% control over your business.
Online publication (e-books)
Regardless of your current occupation and lifestyle, you probably have a book inside you screaming to get out. Amazon’s Kindle Direct Publishing (KDP) platform has given thousands of people the chance to become publishers and earn money. It can also be a way of being seen by more established and traditional publishers.
Not only can you sell ebooks on platforms like Amazon.com; But you can also sell e-books directly from your website. With this you can sell your eBook at a higher price and get all the profit.
You can also bring many e-books back into larger “packages” or use e-books as a foundation to sell high-ticket online courses or even coaching and consulting services.
Publishing e-books is a great way to make a passive income, grow into large projects, and establish your authority as an expert in your market.
Simple to use tools, access to graphics outsourcing, cover design and more. Anyone can self-publish a book and has the same professional presence and credibility as a large publishing house.
For a lot of people, the idea of writing a book can be intimidating, but keep in mind that if you are writing e-books that you are selling on your website or publishing on Amazon Kindle, you can make those short Can write books that are more focused on a specific place. Or the problem … You don’t have to write very long books, which take months or years to get out.
Online surveys are one of the easiest ways to earn extra cash. Brand name corporations and market research firms are seeking strict opinions on products and services and will provide good remuneration for the same. Depending on their complexity, each survey may cost five, ten or more dollars.
There are many reputable survey companies to choose from, but you can initially limit yourself to 3-5. Stay with survey companies that give you a lot of surveys to pick up and pay a good amount of money and stop using services that are not worth your time.
You also want to avoid illegitimate companies; As this area is wide with scam opportunities that will take a lot of your time and will give you very little money or scam with your money too.
Although you probably won’t be able to create a full-time income survey, this is a realistic way for a couple to make an extra extra dollar a month.
If you have specific writing / journalism skills or are proficient in various IT / software domains, freelancing can prove to be an attractive source of secondary income. Increasingly, companies are implementing a content marketing strategy and turning to external sources for specific assignments, and more work will be available if you can prove your worth. Even simple skills such as data entry can be to your liking, provided you can provide at least 5-10 hours weekly.
All you need is a computer with an internet connection and a desire to create a respectable customer. Chances are these opportunities will allow you to gain valuable experience and skills that will prove valuable in your current business and professional career.
If you are already writing eBooks in a particular niche market (see above) then why not make your services available to other companies; As you already have the expertise to take on niche writing assignments.
While this is not really a passive income stream, working freelance is one of the fastest ways to generate income.
Coaching and counseling online
With low cost of communication and technology, you can connect with anyone worldwide.
If you are already making money online by selling Kindle Books, affiliate marketing, or your own product information as described above, then you definitely have the opportunity to add online coaching and consulting.
It’s not nearly as scary as it sounds like you’ve never done it before. Most people who are buying from you will like the opportunity to answer specific questions with you and get personal advice.
With tools such as Skype, video conferencing, and webinar technology, you can offer one-on-one calls, group coaching calls, and small mastermind meetings.
The sale of a simple Kindle book or ebook can give rise to a high-end client who wants to pay to work with you.
Offering coaching and mentoring is one of the best value generating methods of generating revenue.