In these uncertain and difficult economic times, it’s prudent to have multiple streams of income. The good news is that in the year 2020, you don’t have to go far to earn an additional income. You can do it right in the comfort and safety of your own home. All you need is a computer, an internet connection and perhaps a phone. Here are 13 ways to earn an income from home in 2020.
1. Write an E-book
The beauty of writing an ebook is that you can write about anything you choose. No publishers or editors are saying what you can and cannot publish. You can create career guides, write on learning a new language or even about healthy cat recipes. Whatever topic you feel that you have some experience or expertise in, you can write about it. For more of a step by step guide on writing ebooks, you can watch the YouTube video How to Make Passive Income From Ebooks in 10 Steps.
2. Online Courses
Online education is a growing market. You can find online courses that teach anything from cooking to marketing to mathematics. So if you happen to have a skill/knowledge set, you can consider creating and selling online courses. For some course delivery platforms, you can read 15+ Platforms to Create and Sell Online Courses in 2020.
3. Affiliate Marketing
With affiliate marketing, you partner with brands and businesses of your choice through content that you share. You promote a product or service using a unique code/link which you received when you signed up for that particular affiliate program. So any time someone buys a product or service through your link, you earn a commission. If you’re interested in becoming an affiliate marketer, Amazon has an affiliate program that you can sign up for.
I have been learning affiliate marketing myself through an online mentorship program. You can check out some of their free workshops HERE.
4. Website Designer
There are three ways to make money by building websites:
· You can build your own site and advertise on it or become an affiliate and use it to promote products or services.
· You can build a successful website and sell it to make money.
· You can study web designing and offer your website building service for sale.
5. Social Media Manager
Social media managers represent a business across social channels like Facebook, Instagram, YouTube. They create content, respond to questions/comments and run advertising campaigns.
Another way to make money is by hosting an online podcast. You can do it remotely over zoom or skype. There are many different ways that you can successfully use podcasting as an income stream. One way is through sponsorships. In his article Podcast Sponsorships: The Ultimate Guide, John Lee Dumas (founder and host of Entrepreneurs on Fire) describes how sponsorships make up about 30% of his monthly income.
7. Online Tutoring
I mentioned creating online courses in #2 above. But if you simply want to teach or deliver lessons online, then there are many online tutoring services available. So if you choose, you can sign up and begin tutoring online.
8. Social Media Influencer
Influencers in social media are persons who make regular posts about a specific topic on their preferred social media platforms and generate large followings of engaged people who closely follow their content. Companies and brands are willing to pay social media influencers significant amounts of money. This is because influencers can create trends and encourage their follows to purchase products that they promote.
9. Google AdSense
If you have a blog or a website, you can sign up for a Google AdSense Account. AdSense works by matching ads to your site based on your content and visitors. The ads are created and paid for by advertisers who want to promote their products.
10. YouTube Channel
You can earn money by starting your own YouTube Channel. If you do, two ways through which you can make money are:
· Advertising Revenue
· Channel membership
Visit support.google.com to find more information about creating and monetizing a YouTube channel.
11. Run Webinars
To run a webinar you will need:
· A computer: Laptop, desktop, Mac or PC
· A webcam: usually built into your laptop or desktop monitor
· A webinar platform: You can research options HERE
You can make money on webinars by:
· Charging a fee to access the webinar
· Offering a paid product or service at the end of the Webinar
12. Amazon Reseller
Resellers find popular products that already exist and offer them in Amazon’s stores. Fulfillment by Amazon (FBA) is a great service that Amazon offers to resellers. If you decide to sign up with this program, Amazon will handle the shipping, storage and packaging for you. So with this program, your products are shipped to an Amazon fulfillment center, where your products are stored in their warehouses until they are sold.
JungleScout is a useful tool to find out what the hot-selling items are.
13. Online Surveys
There are many market research companies online that offer paid surveys. But these surveys usually pay very little. So if you hope to earn a substantial amount of money through online surveys, you would have to sign up for several different companies and spend time completing surveys every day.
The good news for us living in 2020 is that there are so many ways to earn additional income. And you can start earning right now, right in the comfort of your own home. In this article, I highlighted 13 ways to make money online. But this article is by no means exhaustive, there are even more ways to earn an income from home.
Comment below if this article has been helpful to you and if you are already earning an income online, you can also let me know what you do.
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I wish you every success in life and in the pursuit of your passions and purpose.
A Fellow traveler on the road toward financial freedom and a more meaningful life. More About Me and My Blog.