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Originally Posted On: https://www.govdocfiling.com/blog/Top-21-Way-to-Make-Money-Online
It’s hard to overstate how much the internet changed our working lives. Many of the functions of the global economy moved online, phasing out the need for paper and connecting the entire world to an instantaneous teleconferencing network.
From making extra cash through a sidehustle, to building a freelance career, to starting a prosperous business, the internet has never been richer with opportunities for remote work. Here are the top 21 ways to make money online in 2020.
1. Do Odd Jobs On the Web
Several websites, including general sites Swagbucks and Clickwork as well as more specialized sites, allow you to earn money for doing minor tasks throughout the web. Tasks can include filling out surveys, playing games, answering user questions, watching videos and trailers, or reviewing websites and apps. The pay-per-hour is pretty low, but there’s no barrier to entry for this sidehustle you can start making money online immediately!
2. Teach and Tutor
Online education is a growing market. If you are a fluent English speaker, there is a huge demand for English teachers and tutors in China, the most populous country in the world. You could earn a TEFL certificate online and sign up with websites that offer online classroom environments, including Teach Away, VIPKID, and iTutorGroup.
3. Become an Interpreter
If you are bilingual or multilingual, you can find lots of remote work in this global, multinational economy. Companies like Telelanguage hire people to interpret phone conferences conducted in multiple languages. You may also find online work as an interpreter at online job boards or freelancer sites.
4. Become a Transcriptionist
Transcription involves listening to audio content or watching video content, and writing down all the words spoken by the subjects. Many companies need video and audio content transcribed to repurpose the content for blogs or books, add subtitles, harvest pull quotes, or make the content searchable. Online transcription providers to seek online work from include Rev.com, Transcribeme.com, and Scribie.com.
5. Become a Data Entry Specialist
Many companies need entry-level workers to compile and enter data. If the information is not sensitive and confidential, you could easily do this sidehustle from home. Data entry specialists could find remote work on job boards or as freelancers.
6. Become a Virtual Assistant
More accurately described as a remote assistant, virtual assistants help executives with daily tasks like calendar management, email management, lead generation, and other critical tasks, including several we have already discussed like data entry or transcription. Virtual assistants can find executives to work for on freelancer sites, on job boards, or through virtual assistant agencies like BELAY, and Boldly.
7. Become a Travel Agent
The travel agent profession is making a comeback online. Once you become certified, you can earn commissions from travel companies like hotels or cruise lines by building affiliate relationships and promoting their products.
8. Become a Phone Support Agent or Telemarketer
Phone support and sales do not need to be conducted at a call center. If you have a great phone manner, you can do remote work as a phone support agent or telemarketer. Companies that hire remote phone or chat support agents include Apple, Amazon, and American Express. Companies that hire remote telemarketers include The Appointment Pro and Virtual Marketing Consultants.
9. Become an Online Real Estate Wholesaler
Investors are always looking for houses and other properties they can buy below market price. If you can learn to track down motivated sellers often distressed homeowners facing foreclosure you can learn to negotiate a bargain price, get the house under contract, and then sell that contract to an investor for a fee. Your end buyers are often contractors, professional investors, and high-net-worth individuals. These deals can result in big money.
10. Become a Social Media Community Manager
Most companies understand the importance of social media channels like Facebook, Instagram, and Twitter. They even hire socially-savvy remote workers to manage their social media accounts. You could get paid to manage a Facebook channel or Instagram something you might already do for yourself, for free!
11. Write Articles
If you are a talented writer, the demand for written content is massive. Various websites pay up to $500 for submitted articles, or you could sign up for specialty freelancer sites like iWriter.com or WriterAccess. If you are bilingual, you can tap into the demand for written translations.
12. Sell Photos
If you are a talented photographer, try putting some of your work for sale on Alamy or Shutterstock. There is also a huge demand for freelance photographers to do product photography for eCommerce stores. A home product photography studio is cheap and easy to set up.
13. Become a Freelancer
Many of the remote work opportunities mentioned above are freelance assignments. You could also offer anything you are good at as a freelance service on sites like Fiverr, Upwork, or specialty sites. Freelancer tasks include web design, graphic design, audio and video editing, voiceover recording, and just about anything you could think of.
14. Produce an E-book, Audiobook, or Online Course
The demand for educational content is massive. Anything you are an expert in, chances are there is someone who wants to learn it. Consider writing a book or making notes and hiring a writer to write the book! Hire a graphic designer and put it for sale on Amazon. You can also make video trainings and assemble a course using specific web platforms like Udemy or Teachable The audiobook market is exploding faster than any other market. You could record your content and sell your audiobook on Amazon, but beware they have exacting audio requirements. It may be more effective to hire a professional voice recorder. Note that this method of earning money online works better if you already have a popular platform, with many social media followers, blog visitors, YouTube viewers, etc.
15. Start a YouTube Channel
If you can make entertaining or informative YouTube videos and attract a large following, you can monetize that following by activating YouTube AdSense. Ads will appear before your videos, and you will receive a small commission for each view. Note that producing decent YouTube videos requires some effort and specialized equipment. YouTube followings take a lot of time and experimentation to build, so choose a channel topic you are passionate about.
16. Start a Podcast
Podcasts are wildly popular, inexpensive, and easy to start. Again, it takes time and specialized equipment, so choose a subject you are passionate about. Chances are, others are passionate about that topic. You can launch your podcast using services like BuzzSprout or PodBean. As your following grows, you may be able to attract sponsors who will pay you to tout their products.
17. Become an Affiliate Marketer
If you have a popular blog, YouTube channel, social following, email list, or other platforms, you could build affiliate relationships with related businesses and promote those businesses to your following. High-paying affiliate relationships can be built at affiliate marketplaces like ClickBank and Pepperjam.
18. Make Online Trades in Security Markets
If you can develop a talent for identifying good times to buy and sell securities like stocks, options, and commodities, you can make big money by making small or large trades. Note that this takes money to make money, and even experts get it wrong sometimes.
19. Rent Rooms in your House on Airbnb
If you have extra sleeping space in your home, consider renting out extra rooms on Airbnb. This is a particularly good sidehustle if you live in a desirable area.
20. Sell Merchandise on Craigslist, Amazon, eBay, or Etsy
You can sell just about anything online as a sidehustle. It’s easy to get started browse garage sales and thrift stores for juicy merchandise, then sell them secondhand on Craigslist or eBay for more than you bought it for. Broken cell phones are particularly popular, but don’t overpay for phones because most of them have bad ESNs and command low prices. If you make arts and crafts, Etsy is a good marketplace to sell them. Amazon has a huge architecture called Fulfillment By Amazon (FBA), designed for sellers to stock large inventories in Amazon warehouses and have Amazon ship them to Prime buyers. It’s an involved process, but if you learn it, you can scale a huge business.
21. Start an eCommerce Store
Platforms like Shopify, BigCommerce, and WooCommerce allow you to set up your own standalone online stores, selling anything you can imagine. If you don’t want to stock inventory, look into dropshipping, a process by which purchases on your store are forwarded directly to the manufacturer and fulfillment center without you having to touch any product. Dropshippers even have to purchase inventory in advance, but it’s harder to drive traffic to your store at prices that justify the smaller margins. If you can thread that needle, though, there’s no limit to how big you can scale your store.
Anyway you look at it, there are a ton of opportunities to make money online. When you’re ready to launch your next $1 million idea, let Govdocfiling.com help you start your new venture by taking the guesswork out of your formation filing and laying a solid foundation for success.