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10 Ways to Make Money Online in 2020

If you want to make money online from the comfort of your home, this is the perfect article for you. I will be sharing 10 ways to start making serious money online in 2020 with little to no investment. All you’re going to need is a computer and internet connection!

Before reading, you need to know it won’t always be easy and you will have to work hard and push through mistakes if you want to see results!

This article is divided into multiple sections:

  1. Affiliate marketing
  2. Dropshipping
  3. Create and sell  websites
  4. Start a blog
  5. Monetize an Instagram Page
  6. Create a course
  7. Freelancing
  8. Start a Youtube channel
  9. Amazon FBA
  10. Coaching

1. Affiliate marketing

Affiliate marketing is one of the best and reliable ways to make money in 2020. Affiliate marketing is simple, you promote other people’s products or services. Then, you get a commission each time someone ends up purchasing that product thanks to you. 

How affiliate marketing works

Source: https://justlearnwp.com/

There are many ways to promote products. Marketing channels like a Blog, Instagram or even Youtube are amazing platforms to promote affiliate programs and make money!

You will need to build an audience, make them engage with your content so they can trust you and, for instance, your affiliate recommendations! Logically, you want to partner up with affiliates related to the content you publish in your blog or whatever platform you choose.

Bluehost Affiliate Program

Source: https://www.bluehost.com/

There are many affiliate programs online from a lot of different niches such as Cooking, Fitness, Digital Marketing, etc. 

Online merchants like Amazon and eBay offer affiliate programs. Also, you can check out Clickbank, an affiliate marketplace where you can find some affiliate programs. It’s a great place to start!

What about a full in-depth guide on how to start your own affiliate marketing business? We got you cover! Check out our full guide here.

ultimate guide to affiliate marketing

2. Dropshipping

Dropshipping has been around some years now. However, it is trending right now. Why? Let’s me explain to you.

It is an e-commerce business model in which you create a store online and sell products from a supplier. What’s the magical part about Dropshipping? You don’t need to stock the products you sell!

You just display a supplier’s products in your online store and sell them. Once you sell a product, the supplier sends it directly to your customer. The product never touches your hands. Easy peasy!

How Dropshipping works

Source: Oberlo

The tricky part about Dropshipping is bringing quality traffic to your website. You can do it through organic methods such as SEO or you can use paid advertising like Facebook Ads or Google Ads to bring customers to your online store.

Selling online has never been so easy and Dropshipping is an amazing way to start your online business. Creating an online store is not that hard. You can use platforms like Shopify to create your online store very fast and easy.

3. Create and sell websites

Building then selling websites is a great way to make extra cash. You don’t need to know coding or advanced stuff to make a great website that can be sold for hundreds if not thousands of dollars. You can look up online resources such as Youtube videos or online blogs like this one to learn how to create a website. 

You can build startup websites, online stores, etc. In addition, if you manage to generate traffic and income for the website you’re trying to sell, then it becomes even more attractive for buyers. However, it doesn’t mean you can’t sell a website with 0 traffic or revenue.

A person creating a website

Website marketplaces like Flippa allow you to sell (or buy) a website. People buy thousands of websites every day so it’s a great opportunity for you to make some money. 

The amazing part about all of this is that you don’t need a lot of money to create a website. All you need is a domain name which you can get from $10 to $12 dollars a year and a hosting that normally costs $10 or less a month. I personally use 1&1 IONOS for hosting and domain services and I highly recommend it.

4. Start a blog

Having a blog is one of the most sustainable ways of making money online in 2020. Once you manage to create an amazing blog with amazing content and have an audience that reads and engage with your content, you can leverage it to promote products or services and make a lot of money.

It doesn’t matter if you choose to generate revenue through Adsense, affiliate marketing, eBooks, etc. You will need to create content in a certain niche that provides value so people can trust you and your content. 

With a blog, you could be making a huge passive income! If you’re not very talented at writing, try starting off with little articles (400-500 words). Once you become more confident with your content, start posting more and more.

You will also need to know the basics of SEO to rank your blog to the first positions on Google. This is a very important part because you will have competition in your niche and the only way to beat them is by ranking higher!

5. Monetize an Instagram page

Monetizing an Instagram page is a way of making money online for free. With 1 billion monthly active users, Instagram is a powerful social platform you can use in several ways to earn some cash. Big brands are dedicating a big part of their online marketing budget to Instagram because it pays off. In 2020, if you manage to build a large Instagram following, you can start making money right away. 

Instagram post by Kylie JennerToday, big brands pay Instagram influencers to promote their products. Kylie Jenner, for example, charges $1.000.000 for a sponsored post. Crazy right?

You will need to build a big following by creating content for a specific niche and providing value. Make sure to use quality photos and content, Instagram is a visual platform.

6. Create a course

Becoming a professor to people online is an amazing idea. If you’re passionate and knowledgable about a topic, then don’t hesitate to monetize it! In fact, you could be making thousands of dollars right now by selling your own course!

Creating and marketing your online course is going to take some effort upfront but, once it’s launched and going, you will be seeing great income coming in. In fact, the earning potential of an online course is HUGE and by creating a high-value course, you can earn passive income for years to come.

Excel online course in Udemy

Source: Udemy

Before creating choosing a topic for your course, it’s very important that you validate that there is a high demand for the content you’re trying to provide. If there’s no demand for the topics you’re going to touch on then there’s no point to write about them. Demand is CRUCIAL!

You can market your online course in a lot of different ways: By using your own blog or website, online forums, Facebook pages, Linkedin, Reddit… the list goes on and on. 

7. Freelancing

Marketable skills like designing, writing, social media managing and such are a goldmine. Having these kinds of skills allow you to find freelance clients all around the world and start working with them. In 2020, you can realistically build a six-figure income working as a freelancer.

Freelance work is a very typical way of making money online and people are taking advantage of it by marketing their services in freelance platforms like Fiverr or Upwork.

As an example, I used to work as a social media manager and ran paid ads for clients. I got paid off pretty well and loved the fact of not going to an office to work!

8. Start a Youtube channel

Youtube is a platform where you can watch and upload videos about whatever you want. Being the second most visited website on earth, it represents a great opportunity for you. As a matter of fact, people are making millions on Youtube in 2020.

If you create a Youtube channel, upload videos about a particular niche and grow your channel to a decent amount of subscribers, you can certainly make money with it in a lot of different ways :

  • By making sponsored posts
  • By promoting your own products/services
  • By promoting affiliate links

Again, this particular way of making money from your computer is not easy and you’re not going to make a fortune overnight. However, if you work hard and upload quality content regularly you will start seeing interesting things happening.

9. Amazon FBA

If you want to start selling online, Amazon is a great option. By 2021, Amazon will be representing 50% of the total e-commerce market share, which is crazy! In other words, if you have a product you want to sell then Amazon is the place to be. 

But, what is Amazon FBA (fulfilled by Amazon)? It is a service Amazon offers to sellers, helping them store their products in Amazon’s fulfillment centers as well as shipping them and handling customer service. In other words, they take a weight off your shoulders.

To sum up, all you need to do is find the product you want to sell and ship it to them using the Amazon FBA program. Sounds simple right? It is simple but it is not EASY! What I mean by that is that you NEED to find a product with high demand so you can make great money and be a successful seller.

10. Coaching

Finally, you can start making serious money online by coaching other people in areas you specialize in. It is similar to freelance work in a certain way but, with coaching, you directly monetize your knowledge 

You can find a lot of clients ready to invest in themselves and/or their businesses. For instance, those potential clients are willing to pay you generous amounts of money for your time. In other words, your time and expertise become your most valuable product and you can sell it with freedom by offering coach and consulting services.

As you can see, there are a lot of ways of making money online. You just need to pick one, educate yourself and work hard. This is the best time to start your online business so get out of your comfort zone and start grinding! 

If you want to contact me or have specific questions, use the contact form.

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Nicolas Olaya

Nicolas Olaya is a digital marketing student, founder of The Practical Money Land. Making money online, blogging and helping others reach their goals are his main passions. With his content, he hopes he will help you excel at your business or, at least, motivate you to start your own online business!

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