12 Ways to Make Money Online in 2020

If you have ever considered ways to make money online, then now is a better time than ever to start. Take a look at the image below, not only has the remote work industry exploded, it is expected to grow exponentially over the next 5-10 years. 

Trends in Remote Work Growth (Source: Flexjobs)

Let’s start by saying that you don’t have to spend $1,000’s on online courses and schemes to make money online. That’s why you are here because this is a free resource and I will teach you everything that you need to know about making money online. 

Why Is Now the Best Time to Earn Money Online?

Technology is now a part of our everyday life, people cannot live without it. This is good news for the money-hungry people in the world as it presents new business opportunities everywhere. Teenagers are even becoming millionaires with all the free online courses and platforms to make money on. At some point, different methods of making money online will become saturated because more people are learning about these methods. 

I am providing the most up-to-date info on all the different ways you can make money online; some will be obvious and involve little work but others will involve an investment of time to provide a return. Don’t worry, I won’t be suggesting online surveys for cash either!

What Are Legitimate Ways to Make Money Online?

In 2020 there are a vast amount of ways to make money online which span across many industries. There are graphic design projects, virtual PA jobs, and even starting your own business. This list will take you through 25 legitimate ways to make money online and help to grow your income.

12 Way’s To Make Money Online in 2020

A side note – Everything in life requires a small investment of time, effort, and even money, if you are looking for a get rich quick scheme, it doesn’t exist here.

1: Start a Blog

“Yeah, yeah, I’ve heard it all before, start a blog, been there, done that, didn’t make any money.”

I have heard this far too often, people are very reluctant to get into blogging because it doesn’t make them rich overnight. If you spend the time and effort creating a blog that provides value, people will enjoy your content and probably return for more. If you are looking at how to make money online fast, then this isn’t the way for you.

Some bloggers earn up to $30,000 per month for one blog but the earning potentials are unlimited. Pick a topic that you are passionate about and research other blogs in that area to see what content is performing well. Also, you will need to pick a platform to host your blog/website on, and then begin posting. 

You can make money online with blogging in multiple ways. This includes affiliate links, advertisements, brand sponsors, and if you are really successful, you will often be paid to travel to conferences, etc. I think that this is one of the best ways to make money from home due to the cost setup and effort involved.

Top Tips

  • Research other blogs
  • Pick a niche
  • Research content
  • Plan content before you launch
  • Always provide value

2: Start a Podcast

According to statistics, Apple Podcasts alone has over 550,000 podcasts on their platform. The industry is thriving and you can take advantage of that if you have something to provide value. People want digestible information that is accessible and convenient, with the majority of podcasts being listened to on the commute to and from work.

You don’t have to spend hundreds of dollars on expensive equipment to get started either, as long as you learn how to edit and produce you will be fine. The best tip that I can give is to focus on “personal growth” or “learning” and find a niche in there. The online learning industry has taken off and you can capitalize on this by creating a place where people can learn for free.

Make sure you pick something that you are passionate and knowledgable about or it will not work.

Top Tips

  • Listen to other podcasts in your niche
  • Focus on learning and personal development
  • Learn basic production skills online
  • Invest in marketing 
  • Always provide value

3: Content Writing

You can make money from content writing in many different ways online. Whether you want to write for clients, find a regular gig, or just simply write on a platform that pays. One of the most popular content writing platforms at the moment is Medium. For those that are unaware, Medium focuses on articles and blogs and pays you money based on the amount of time people spend reading your content.

It cost’s around $5 per month to sign up but even if you have one article that does well, you will cover that cost in no time at all. Every piece of content is reviewed by a team of curators at Medium so if it is not up to standard, your content will not be published for all to see, only your followers. Some of the top writers on Medium earn up to $30,000 per month.

This is an excellent source of passive income as your articles will always stay published and bring in small amounts of money every month.

Top Tips

  • Write about something you enjoy
  • Try to submit 2 articles a week
  • Don’t be discouraged if your story isn’t published
  • Proofread everything 

4: Start a Dropshipping Business

If you want to make money online, then starting a dropshipping business is a sure way to go. Some people argue that dropshipping is “dead” and “too saturated” but I disagree. Yes, there are thousands of people that are trying dropshipping at the moment, but what percentage do you think are actually successful? 

The problem with many people that try dropshipping, is that they are lazy. They are unwilling to spend the time learning about marketing, sales, and business, therefore resulting in failure. When you start dropshipping online, you need to ensure that you have spent the time learning how to advertise on Facebook/Google, how to find products, pricing strategies, marketing, and everything else involved. If you don’t do this, you will waste money rather than make it. 

The earning potentials with dropshipping are unlimited. Some people have built multi-million dollar brands from their bedroom simply from dropshipping. This method of making money online does involve an investment of money though, you cannot do this for free. I generally recommend that you need to invest around $300-$500 of your money to return a profit and start being successful.

Top Tips

  • Write about something you enjoy
  • Try to submit 2 articles a week
  • Don’t be discouraged if your story isn’t published
  • Proofread everything 

5: Start a Consulting Business

Do you consider yourself to be an expert in a certain area? As already mentioned before, the demand for coaching and learning is through the roof right now. If you can provide value to people then creating a consulting business would be an excellent place to start. People often hesitate when it comes to consulting as they believe it requires extensive knowledge or money to start, it doesn’t.

As long as you have the experience and knowledge to help someone else, that provides enough value for you to create a consulting business. All you have to do to get started is create a website, add a booking system, and either pay for marketing or do it yourself. Some consultants charge up to $100 for a 30-minute session but you can set your rates however you deem necessary. 

The only cost involved here would be the website setup and maintenance, making this a great option for making money online. You can invest in marketing and paid ads, but maybe start out with direct marketing yourself.

Top Tips

  • Make sure you have a “good” amount of knowledge on a subject
  • Don’t just have a website with “contact info” have a booking portal
  • You won’t explode into bookings at the start
  • Plan before you have a session

6: Grow and Sell Instagram Accounts

Currently in 2020 Instagram accounts are a hot asset to own. Although buying and selling Instagram accounts is against the terms & conditions of Instagram, people still do it and it is a great way of making money. Depending on the number of followers, an account can fetch anywhere up to $1 million. 

The best part about this way of making money online is that it requires no investment in terms of money, only a small amount of time out of your day. I recommend that you get to at least 25k followers before you consider selling and obviously the more followers you have, the more you can sell for. One important thing to remember is that you should never purchase followers and likes, it will damage your account and sale prospects.

If you grow 10 accounts at once and sell them all for $500, well you can do the math there.

Top Tips

  • DO NOT purchase followers
  • Make sure all engagement is authentic
  • Pick a niche 
  • You don’t need content, you can find it

7: Create an Online Course

If you want to make money online in 2020 and the future, creating a course is the way to go. People are desperate now more than ever to receive guidance on topics and learn new skills. One thing I am not suggesting here is to go and create a meaningless course with no effort and try to flog it, not only is that immoral but it is not providing any value to customers.

You need to decide what you are an expert in, perhaps it is coding or playing video games. Then get to work creating your course. This is going to require time and effort on your part to actually create something of value but the return will be worth it. You can either sell your course on platforms such as Udemy or simply create your own website and do your own marketing. 

Ensure that your course is engaging and provides value to your customers or you will likely receive bad reviews. One vital thing you can do is build an email list with your customers, once you do this, you will have the potential to upsell further courses or other products to those customers.

Top Tips

  • Choose a topic you are an expert in
  • Spend time making the material and making it engaging
  • Set a reasonable price 
  • Build an email list

8: Start a YouTube Channel

It’s not like you haven’t heard this one before is it?

Seriously, people earn millions with a successful YouTube channel. You might be thinking that it’s too saturated but people are always looking for new content to watch which means opportunity for you. Creating a channel won’t provide you with income straight away but over time it can grow and be a great source of passive income and a good way to make money online. You will also make mistakes and probably find yourself a bit awkward at the start but as long as you listen to reviews and your audience, you will improve.

If you are camera shy or don’t want to be on camera, you can always create animated videos or courses and just simply do a voiceover. I would recommend creating a channel based on a subject that you are passionate about as that will portray in your video. You to create exciting videos that keep people coming back.

You will need to get a huge 4,000 hours of viewing time and must have 1000 subscribers to start earning money, but if you are generating regular and engaging content, this shouldn’t be a problem. 

Gaming channels are amongst some of the most popular but you would really need to have a skill or passion in gaming for that. Otherwise, educational content is the way to go, just like with everything else I have mentioned throughout this article. 

Top Tips

  • Choose a channel subject you are passionate about
  • Don’t spend thousands on expensive cameras and microphones
  • Be consistent and create your own unique style 
  • If it doesn’t work, try something new

9: Sell Your Services Online

If you want to make money online today then the best option you have is to offer your services online.

There are many different platforms available that you can offer your services on and they require no initial cost to set up. You don’t have to be an expert in your field either, there are projects and jobs available for all experience levels online. Some workers claim to earn up to $5,000 per month by offering their services/skills online, which means there are plenty of opportunities for you. Fiverr is probably the most popular platform to offer services on.

If you know the direction you want to go in, you can always create your own website and offer services. You would have to invest in paid advertising initially or no-one will know your website exists, but if you are confident in your services and running ads, you will have no problem. Equally, having a website alone is essential if you are cold emailing potential clients.

If you don’t have the funds to start a website, even though it isn’t that expensive, you can always offer your services privately. The thing to consider here is that you will have no trust factor. A website provides an online portfolio and demonstrates trust to potential clients. If you are cold messaging people to offer your services, you might find this isn’t as successful as directing someone to a website.

Top Tips

  • Try to pick something that isn’t saturated
  • If you can’t put a twist on a saturated service
  • Charge low to start and increase with more clients
  • Try to fund a website or have an online portfolio

10: Affiliate Marketing

For those that don’t know, affiliate marketing involves you sending a customer to a company to purchase a product/service, that company then pays you a small percentage of commission for that sale. The more customers you send, the more sales are made, the more money you make, simple.

It’s not as simple as it sounds though. Affiliate marketing requires dedication and immense online knowledge. You need to be able to create awesome content with the understanding of how to add affiliate links that flow with the text. This is a skill that can be learned through online courses though.

One of the most popular methods of affiliate marketing is through blogging. Social media and sending direct links to people are other methods. Affiliate marketers that are at the top of their game can earn thousands of dollars in a week. This isn’t a get rich quick scheme though, you will need to spend the time and effort coming up with a marketing plan and executing it.

Top Tips

  • Take a free online course to learn more
  • Try to pick a niche and start off small
  • Observe what other companies are doing
  • Don’t jump into it overnight

11: Write & Sell an e-Book

If you are a good writer and have some useful knowledge to share why not self-publish your own book?

People think that to publish a book you need to be an exceptional writer and have a publishing company behind you. That’s where Amazon steps in. With the Kindle publisher, you can publish your own book online at Amazon and they will take a small percentage in royalties. If you wanted to, you can even sell a paperback of your book.

With that out of the way, you can now start to see how easy it is to get your book online. If you don’t have anything of value to write about, then it’s best you don’t follow this option. In today’s generation people want to learn which is why the self-help and business books sell really well. So try to stick to something you are good at and have experience in.

I am not saying that this method will make you rich because if you don’t advertise, you probably won’t make many sales. You can, however, start reaching out to influencers, online communities, forums, and try to promote your book for free. If it gets good reviews and people talk about it, your book will be pushed higher up in search results and you will get more sales.

Top Tips

  • Stick to something you are knowledgeable in
  • Don’t expect to become rich
  • Take your time writing
  • Try to create value for the person reading

12: Sell Items

This method can actually be extremely profitable if done correctly. The main item I found to be profitable is smartphones. The market for buying and selling smartphones is crazy, especially in the USA.

I will say that you can sell old and unused items from your house but that isn’t really a long-term project. I know people that work full-time on buying and selling stuff on eBay.

The best way to make money with this method is to buy broken items, fix them, and resell them with a profit. You don’t have to know anything about repairing because YouTube is filled with guides on how to repair electronics. I say electronics because that is the most profitable category, so it is best to stick to those.

You need to do your own research on products but try to look for the following:

  • Items that can be repaired from the image
  • Items that have inexpensive replacement parts
  • Products that still sell like a hot potato
  • Items that are not stolen/locked
  • Things that sell for much more than replacement and base cost

Once you start to order your first few items and sell them, you will realize how much of an easy method this is to earn money online.

Top Tips

  • Use YouTube for reference
  • Don’t be afraid to do it
  • Buy one item at a time
  • Always check to see if it can be sold for more than purchase

That concludes the list of 12 ways to make money online in 2020. I will be regularly updating this list with new methods so be sure to sign up to the mailing list and keep checking back at Remote Jobs Co.