Are you looking for ways to earn extra cash with an internet side hustle? If so, you must have encountered hundreds of different suggestions and tips concerning how to make money online.
The sheer number of options can be a bit overwhelming – but fear not. No matter what your unique needs and skills are, a realistic way to make money online is within your reach. With that in mind, we bring you the top 10 ways to make money online in 2020.
10. Affiliate Marketing
This is, by far, one of the most suggested and popular methods to make money online. Affiliate marketing is the process by which affiliates – that is to say you, earn a commission for marketing someone else’s products.
Theoretically, it is very simple. All you need to do is find a product, promote that product and earn a percentage of the profits from the sales – which are tracked via affiliate links.
However, even though it seems to be a quick and legit way to make money online, it’s actually tricky and requires that you have certain marketing skills. Also, some affiliate marketing strategies seem to have lost their effectiveness. For instance, article marketing or posting banners on your site may not give any significant financial yields.
9. Teach Online
Teaching online is another great way to generate that extra income. Teachers are afforded flexibility, comfort and freedom, as well as a chance experience other cultures while working from home.
Regardless of whether you are looking to just make money online, command your own work schedule, or impact the lives of others, there are plenty opportunities to teach from home.
Over the last couple of years, the demand for online English teachers has increased dramatically and it doesn’t look to be slowing down anytime soon. New online schools and platforms are popping up every other week.
8. Sell Your Photos and Videos
If you are into photography, you can easily earn some extra cash by selling your photos online. Photographers of different skill levels are in demand, now more than ever it seems.
Large corporations, small and medium size businesses, bloggers, graphic designers, marketers and publishers alike buy and use photos online on a daily basis.
And if traveling is your passion and are surrounded by photo opportunities, photography and videography are a perfect method for you to open this revenue stream.
7. Product and Website Reviews
For almost any company, making sure their products afford great user experiences is a priority. And for this, they need real people to help them.
You can subscribe to a platform – like UserTesting, and get paid to share your ideas and impressions while navigating websites and reviewing digital products.
Now, while it is true that you usually start out a bit on cheap side, in due time you might start working more directly with brands and increase your earnings.
6. Buy and Sell Domains
A lot of people opt to buy and sell domain names to make money online as it takes very little time or investment.
It’s pretty straightforward – you can buy a domain at its registration price or even cheaper, and then resell it for a profit. However, you should really do your research to get an idea of what’s popular in terms of domain names.
Also, if you are new to this, you will need to know the best places to buy domains, where to sell them, how to transfer a domain to a buyer, how much should you sell your domains for, – or whether there are any trademark issues with certain domains.
5. Social Media Consulting
Big companies usually have someone full-time to manage their Twitter, Facebook, and Instagram accounts. However, smaller businesses tend to do this differently. And, because they have a great number of other responsibilities, the management their social media accounts is often lacking.
As a social media consultant, you can guide them in the right direction in terms of tactics, schedule implementation and content posting. And, as their business grows, yours will as well.
4. Start a YouTube Channel
Approximately, five billion YouTube videos are watched around the world every day.
All you need to do is create content that people want and that either educates as well as entertains. Once you’ve reached 1k subscribers, you can monetize your channel with YouTube ads.
Our advice is to focus on a single niche, and build a strong loyal audience there. Depending on your skills and talents, you can create makeup tutorials, stream video games, review products or anything else you think would interest your specific audience.
3. Start a Blog
This is one of the oldest methods to make money online.
If you love writing and want to get into blogging you should first determine a niche focus. For example, a blog about cars, toys, pets, etc.
You can start a blog on a number of platforms, from Shopify to WordPress. And, when you start your blog, you should focus on specific keywords and continue to expand into other, relevant categories as your popularity grows.
In time, this can turn in to a stable and lucrative source of extra income.
2. Create an App
This is a viable way to make money online even if you’re not a developer. Luckily for us non-programmer types, there are methods available that doesn’t involve programming skills.
Check out a few freelance platforms – such as Upwork, to find affordable developers to create your app. And once your app is created, in order to make money it, just add it to Google Play and the App Store.
Keep in mind that a free app can also help you make money online. With a free app, you can add ads or premium features and capitalize on them.
1. Get Paid to Use an App
Even though it sounds too good to be true, money-making apps do exist. Now, while these apps usually have limiter earning potential and won’t make you rich, they can help you make a decent amount over time.
A lot of global companies, as well as telecoms, utilize send huge volumes of text messages every day. By installing the Money SMS app, you are helping to verify and ensure proper delivery of their SMS routes. All you need to do is install the app and you will get paid for every text message you receive.
The Internet is overflowing with opportunities to make money. And while for most people, making money online isn’t their primary source of income, it can become a very stable revenue stream. But, there is definitely something there for everyone.
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