If we’re being honest, all of us would probably admit that we’d like to earn a little bit more money in daily life.
There are so many costs to cover these days, and there never seems to be enough money to go around and actually meet these costs.
This is why it is important to understand what is involved in the process of making additional income and supplementing your modern lifestyle.
Well, one thing is clear, if you want to do anything these days, the chances are you’re going to have to jump online. This is no different.
The great thing about 2020 is how much easier it is to find ways to make money online now than it has been in the past.
Whoever you are, and whatever you do, you can become self-employed, work from the comfort of your home and find ways to make money online. All you need is a laptop, Internet connection and a PayPal account.
In the beginning, it’s best to start doing it on the side. Do your research to make yourself familiar with all the things you can do online that will help you make a living.
Once you’re making enough money online, quit your job. By the way, you can still do what you do best, just in front of the screen. And if you don’t have any knowledge or experience, there are still many ways to make an income.
The best thing is that you’ll be taking up new projects whenever you feel like, will work as hard as you want, and often whenever you want. Won’t have to get to an office, be in an unfriendly environment, answer to your boss or wait for the weekend. Monday won’t be a problem anymore, and the harder you work, the more you’ll earn.
Let me make something clear, though. All the ways to make money online I’ll share here are absolutely honest ways to start earning and eventually turn it into a business if you want to scale. But you can’t go without hard work, going the extra mile and offering value.
If you’re not ready to do that, then this post is not for you.
But if you are, there’s no need for any initial capital. You’ll be investing time and effort, and it may be a long time before any significant amount of money starts coming in.
The Internet is full of stories of people who made it in a week, but most often they were experienced, already had an audience, or a good portfolio, or else.
Don’t compare yourself to them. Choose an option (or a few) from the list below of ways to make money online that are most suitable to what you know, related to your hobbies and passion, or just things you think you’ll be good at.
Start doing it today, but do your research, do some brainstorming and get ready to work harder than the average person. Because that’s what needs to be done to make a change in your lifestyle.
Top Ways to Make Money Online This Year
1. Discover E-commerce
One of the best ways of ensuring you make some decent money online is to discover the world of e-commerce.
This is where you buy and sell online for a profit, and this can be done by anyone with a computer and internet connection.
Whether you choose to buy goods and sell them on for profit, or you are simply selling unwanted items on eBay, e-commerce is a great way of making extra money.
2. Sell Handmade Goods
Millions of people all over the world have hobbies, are making things by hand at home, build skills by doing what they love, dedicate all their free time to creating activities.
If you’re such an artistic and talented soul, and haven’t even thought of selling your goods, you’re losing money.
Sites like Etsy exist because of people who make jewelry, soap, candles, clothes, frames, furniture, accessories, and anything else you can imagine, but who are also passionate about it, skilled and do it themselves.
Those whose products are worth it, and who found the right platform to show their work, are now making a living from their art. Some are easily earning six figures a month too. Why can’t that be you?
If your leisure activities include sewing, painting, drawing, cooking, designing, inventing or carving anything, be sure that there are many people out there who’d gladly pay money for your product.
Give them that chance by taking great pictures of the items you create, describing them and uploading them on a site for handmade things. If you’re targeting a specific niche, be sure that your customers will find you.
If things are going well, you can start making money online soon. After some time, you can turn your passion into a career, quit your regular job, and become your own boss by setting up your own online store.
3. Start Blogging
Another excellent way of using the internet to generate more revenue in your life is by blogging.
Blogging began life as a way of people getting their thoughts down for the world to read, but has now evolved into a business for a lot of people.
In fact, there are reports of people who made upwards of $4,000 per month from their blogging.
This is definitely a wonderful way of making more money, and you should look into what you can do to be a part of this.
4. Create Niche Sites
Niche sites are specifically targeted (usually) small sites, that are created after a good keyword research, have content on a certain topic and are monetized in one or more ways.
You don’t need to be a marketing expert to do it, but you’ll have to be ready to invest enough time and energy.
The result here can be a steady income and that’s why it’s yet another one of the best ways to make money online and from home. Usually, the income is passive as some people create such sites with a little content, put a product for selling or ads on it, and never touch it again.
One such example is Jeff who now earns $9,000 from his real estate niche site.
You could also make just a little money every now and then (in which case niche site creators just build many of these), or simply nothing (if the niche you’ve chosen is not profitable).
If you want to give it a try, choose something you’re passionate about or a subject about which you know more than most people.
Do your keyword research well, target a phrase that can be monetized (other people must be already making money from it. You can see that by checking Amazon and see how popular the products in this field are.) and create content around it.
The point is to make your site rank for the chosen keyword high in Google, preferably on top of the page.
Some people manage to succeed in this by creating just a few pages for the site. But it’s always better if you update it frequently, write long posts on the topic each of which is informative, includes many synonyms of the keyword and isn’t spammy but well optimized and with a natural look.
Once you do your job right, people will start finding it through search engines. And you’ll have only readers interested in the particular topic, so no need to wonder whether they’ll pay money for a product connected to it or not.
When you grow your traffic, you can start making money in 3 main ways:
- putting ads on the site (here’s how I earn $1000/month from ads on my blog);
- creating and selling your information products (add an eBook on the subject, a course, video tutorials, etc.);
- affiliate marketing (promote other people’s products or directly include links to ones on Amazon that visitors would like, and make a commission every time they buy something).
Read also: What is a Blog and How Does It Work
Gambling might not seem like the best use of your money, but it is something you need to look into because it can be highly lucrative.
Obviously, you’re going to need to have some idea of what you’re doing, but it is definitely to make money off things like spreadbetting, casino gaming and day trading.
Of course, you should set yourself a limit, never spend what you can’t afford, and make sure you know what you’re doing before you get started.
Investing is another one of the excellent ways to make money online, and set yourself up for the future.
These days there are loads of different investment possibilities you need to think about. And the more you can do to improve these, the better you will do long-term.
Be sensible with your investing, and there is no reason you can’t make a lot of money from this.
7. Teach what you know.
People want and need to learn new stuff and are always looking for the fastest and easiest way possible.
That’s why the how-to YouTube channels are so popular, online courses are a hit, and informative guides are preferred over content with no action steps. These are all solid ways to make money online and from home.
Everyone’s good at something. The interesting thing is that these days you can just do your research and thus know more than the average person. That’s all you need to start offering a product, or your services, and make money by teaching people how to do something.
If you know how to work with a difficult program, create a video tutorial, include screenshots and explain slowly what to do by doing it yourself.
If you work in a gym, are a lawyer, cook well, know a foreign language, have hacked your sleep or memory, or else, you can share it with others and help them improve this area of their lives.
Choose the right medium for that – videos, audio format (podcasts) or written word. You can offer phone calls, do webinars, create presentations, or just write a how-to guide.
In the beginning, you can offer it using the most popular platforms out there connected to your specific format (iTunes for podcasts, YouTube for videos, Teachable for courses, etc.) and thus get paid to share your knowledge in that field.
Then, you can set up a site for yourself, partner with a company, or else, and increase your income and personal brand by turning the whole thing into a profitable business.
Sites like Freelancer and UpWork, and many, many more, are what many people (professionals or not) use to make a full-time living while working from home.
Most jobs are connected to programming, design, writing, online marketing and advertising.
So if you know how to code, can write well, proofread or translate stuff, are good at making sites, can help someone with their marketing strategy, or else, then you can easily find clients for small jobs, and have the chance to turn each into a long term business relationship.
When you have no reviews and experience in the chosen site, you won’t be accepted often. But once you build a reputation for yourself, clients would love to work with you.
Once that makes you enough money, you can easily offer your professional services on a place of your own and get all the revenue without a third party.
Read also: How to Make Money as a Freelance Writer
That’s how amazing the online world is. Whatever it is you know or are good at, you can monetize it. If you don’t have any skill, you can learn it today with all the content offered for free, or can even start completing tasks for people online as a virtual assistant until you get to the next level.
Some of these ways to make money online and from home might wind up working better than others, and a lot of it depends on your personal circumstances. There are so many things you have to keep in mind that will allow you to improve your personal finances, and focus on being more comfortable.
These are just a few of the wonderful ways you can go about using the internet to make you money as much as possible.