20+ Best Ways to Make Money Online in 2020
There are still the best ways you can start making money online without a website. Maybe you want to create a separate source of income to pay some bills? Or are you just looking for an alternative part-time job for your current job? Regardless of your reason, there are many different ways to make money online in 2020.
However, please be careful some of these methods can be malicious because there are many scams or other illegal activities out there.
Below you can find more than 20+ Best ways to actually make money online in 2020. Some involve creating your own website, but you will also find ways to use the built-in audience of existing platforms.
How to Make Money Online With a WebSite
One of the most ways to make money online is through your own website. Choose a niche market, attract traffic, and then sell your products and services to the audience.
Here you will learn how to make money online through affiliate marketing, products, selling your own courses, etc.
Read on to learn ways to make money online.
#1 Make Money Online With Blog
Many people create blogs as a way to express opinions or ideas.
However, there are many situations where people cannot only make a living through blogs but can even turn them into large companies, such as Forbes.com.
Not all bloggers will reach these numbers, but if you play correctly, you may have a great chance of making money from your blog.
Remember, vision is important. You won’t make money right away, but as your writing improves, your skills improve, and your site’s visits increase, it’s definitely possible.
If your goal is to create an income-generating blog, please keep the following tips in mind:
- Choose a broad topic, such as health, finances, relationships, hobbies, or personal growth
- Always aim for quality and create the best font on any given theme
- Learn about SEO and how to rank your website in Google Search Engines
These tips will guide you in the right direction. Once you have a reliable blog and get high traffic, you will have many opportunities to make money from your website, such as:
- Make money from Google Adsense and others
- Paid advertising
- Sell your own courses and products
- Sell membership products
#2 Build an eCommerce Website
If you like to use physical products and sell tangible products, then opening an e-commerce store may be a good choice.
There are two different ways to run a successful online store:
- Create and sell physical niche products to a dedicated group of buyers
- Buy cheaper products manufactured abroad, repackage them, and sell them at a profit margin.
The first method may be very successful, but you need to be passionate about the product and willing to conduct a lot of research, development, and product testing.
If the first method seems a bit risky for your first online business, then you can consider reselling the second method to popular products abroad. This method involves buying popular products from platforms such as AliExpress, repacking the products, and then selling them through their own stores, it’s called Dropshipping.
In addition to selling suitable products, you also need to consider how to ship them. You can handle shipping and order fulfillment yourself. Alternatively, you can use a popular method called “direct shipping”, which is handled by the manufacturer for you.
#3 Create a Membership Site
Membership sites have exploded in popularity recently and the idea is easy enough to implement. It does, however, require having an existing audience of some sort.
For example, Mark Manson runs a popular self-development blog. On his site, there’s a membership portion that gives users access to online courses, videos, and additional article commentary. For fans of his work, it’s a great deal.
People are already visiting your website because they like what you write about and how you use your style. So, you can create a membership section of your site that offers premium content.
Now, every single person who visits your site won’t take you up on the offer, but your dedicated fans will find it irresistible.
The type of membership site you create will depend upon the kind of site you run and the level of depth you want to go with your premium content. If you like the idea, check out our guide on how to create a membership website using WordPress.
#4 Start an Affiliate Website
An affiliate marketing site is built upon recommending or reviewing certain products. Then, when a reader buys that product through your link, you’ll receive a commission.
Although it might not seem like a big revenue generator, there are multi-million dollar sites based on affiliate revenue alone.
For example, Wirecutter was so profitable that the New York Times bought the site for $30 million. There is also Lucieslist, a site about baby product reviews, and Outdoorgearlab, a site dedicated to camping and hiking gear reviews.
To start your own affiliate marketing website, join an affiliate program that fits your site’s niche. For instance, if you have a blog dedicated to computers and technology, you can become a Hostinger affiliate.
Take Bitcatcha, for example. This website offers reviews about hosting services, VPN tools, and site builders. Every time it mentions a product, an affiliate link is included in the post.
After signing up for the Hostinger Affiliate Program, you’ll get access to the affiliate marketing dashboard where you can track all of your campaigns. Then, use the provided marketing materials — like banners, ebooks, and infographics — to increase sales.
While Hostinger’s affordable plans help to ensure a high conversion rate, there’s always room to maximize your gain. For that reason, it’s possible to ask for suggestions and advice from your dedicated account manager. They’ll be happy to help you out.
#5 Sell Your Website
Finally, one of the most profitable ways to make money from your website is to sell it.
Depending on your site, this can be a pretty profitable option.
On average, your site will sell for a few times more than what you usually receive per month. This number will depend on a variety of factors, but you can generally expect to sell it from 12 to 30 times your monthly passive income.
The following factors will influence the final result:
- The age of your site
- Your domain authority
- How much traffic your site receives
- How much profit you generate
- Your revenue diversification
- The steadiness of your revenue
- Whether your site is growing or stagnating
If you’re curious how many sites will generally sell for, then spend some time browsing through the Empire Flipper listings.
#6 Resell Web Hosting
Resell hosting is another great way to make money online. In fact, we offer this service on our sister project Hosting24.
The basic idea of reseller hosting is providing a dedicated server space, which you can use to build your very own web hosting brand. It allows you to:
- Create cPanel-powered web hosting accounts
- Set custom resource limits (i.e., disk space, bandwidth)
- Conveniently manage all accounts using WHM
Since cPanel is the most widely used tool when it comes to managing a hosting account, it will be easy to attract new users. The server uptime is also monitored by an in-house administrator team, which ensures stable uptime and availability.
It allows you to focus on user acquisition, rather than the technical aspects of server management. If you’ll have any questions, a dedicated 24/7 support staff will be there to help.
Especially if you’re familiar with how web hosting works, reselling it will be a walk in the park. Who knows, you may become one of the web hosting giants if you put in enough effort.
#7 Sell Your Services
Selling services from your website is one of the fastest ways to online money making.
There are two different approaches you can take:
Create an Educational Blog and Offer Your Services
Create a niche blog that contains useful information about a certain topic. Let’s say you have a blog about woodworking techniques, and you’ve built a decent sized email list and got a solid traffic number.
You can add a services page to your site where you offer woodworking lessons, whether in person or through mediums such as Skype.
Create a Basic Website and Pitch Your Services
The other method involves creating a WordPress website for the sole purpose of pitching your services to companies and individuals.
Let’s say you want to be a freelance writer. You need to pick a niche and build your website. Then, create a few pages telling people who you are, the services you provide and showcase a few examples of your work.
Then, start generating leads for your new service business by engaging in guest blogging, podcast interviews, or cold outreach.
If you’re looking to take your service-based business to new heights, then combining the two methods will give you great results.
How to Make Money Online Without a WebSite
Creating a profitable website is a great way to create a long-term passive income online. However, there are still ways you can start making money online without having to create a website.
#8 Make Money on YouTube Channel
YouTube is one of the world’s largest search engines. But, instead of searching for websites, people are looking for entertaining, fun, or informative videos.
You can monetize your YouTube channel by using their advertising system or sending your viewers to a website you’ve monetized in another way.
You can think of building a YouTube channel in a similar fashion to creating a website, except you’re creating videos, not written content.
If you feel comfortable in front of the camera, and want to try your luck creating videos, then you’ll need to figure out what your channel will be about. Typically, there are two types of YouTube channels out there that are most successful:
- Entertaining content. This style includes content like web series, comedy videos, pranks, reviews, video game walkthroughs, and a lot more.
- Educational content. This style is more geared towards, “How to” phrases. If you have useful skills or information you want to convey through a video, then this is a solid option for you.
Once you’ve decided what kind of channel you’re going to start, it’s time to start creating. First, you’ll need to create a YouTube channel and think of a catchy name. Then, keep the following tips in mind:
- Use a high-quality camera to record your videos
- Experiment with different styles, formats, and editing techniques until you find one that gets the most traction
- Optimize your video titles, descriptions, and images to get people to click
- Create a consistent video publishing schedule, so followers know when to expect your content
#9 Sell Your Products on Amazon
Amazon is one of the biggest online retailers, with thousands of products currently listed on the site.
We already mentioned how to create an eCommerce store, and this approach is similar, but the core focus here is on using the Amazon platform.
With this approach, you find products that are selling well on Amazon, and you source cheaper versions of those products. Then, you add your own branding and then re-sell the items.
You have the opportunity to sell these products yourself or work with a manufacturer who will customize these products and dropship them to your buyers.
#10 Become a Virtual Assistant
If you’re great at planning and organization, then becoming a virtual assistant could work for you. A virtual assistant is responsible for a wide range of tasks. For example, you could do general bookkeeping, data entry, email management, research, and a lot more.
Becoming a virtual assistant can be a great way to not only grow your income but exchange contact with important people as well. Not only that, but the market and need for VAs is only growing.
A lot of small business owners are turning to virtual assistants, instead of hiring a full-time staff member.
You can find virtual assistant gigs on sites like Fiverr, Upwork, and Remote.co.
There are a ton of freelance sites full of hungry clients who are looking for someone with your skillset. There’s more demand for freelancers now than at any time in history.
Some of the most popular freelancing sites include:
To succeed on these platforms it’s important to establish a niche. The worst thing you can do as a freelancer is brand yourself as a generalist. Since the competition is so high, you’ll want to brand yourself as the only solution to a specific type of client.
No matter your niche, it’s time to build out your profile, create some relevant samples that show off your skills, and start pitching.
If you’re serious about making a living on platforms like Upwork, then spend some time digging through the site Freelance to Win — this site is dedicated to helping you become a highly paid freelancer.
#12 Become a Freelance Writer
If you like stringing words together, then making money as a writer can be a great way to get started making money online.
Even with no experience, you can start making money as a writer pretty quickly.
The first step is establishing your niche and deciding on the type of writing you’ll take on, for example:
- Will you create in-depth blog posts for SaaS sites?
- How about website copy for real estate agents?
- Or sales emails for health and fitness websites?
There’s a near-endless supply of content that needs writing. Your big decision is to settle down on what kind of writer you want to be?
Once you’ve discovered your niche it’s time to create some samples and start pitching clients.
The fastest approach is using freelancing platforms to find relevant clients. However, you can also create a few samples, upload them to websites like Medium, or LinkedIn.
#13 Make Money Online With Seo Services
Knowing how to rank websites is a very profitable skill. As long as people continue to use the search engines, then there will be a need for people that know the ins-and-outs of SEO.
In fact, you can get started learning about SEO by reading some of the top blogs out there today, such as:
- How to Learn SEO (and Stay Sane)
- SEO Learning Center
- The Definitive Guide To SEO In 2020
Once you understand what it takes to rank a website it’s time to put your skills to the test. It helps to create a website where you can test your new SEO knowledge, but it’s not a necessity.
In fact, you can start getting clients right away. The first approach involves using the already mentioned freelance sites like Upwork and Freelancer.com.
Or, you can also pitch your services to local businesses who are looking to rank in the search engines.
#14 Buy and Sell Domain
You can also buy and resell domain names, just as you would a website.
Use tools like Just Dropped to purchase a unique domain name. Then, re-list the domain names, wait for buyers and sell them for profit.
Some people have been able to make hundreds or thousands of dollars per year employing this exact strategy.
#15 Become a Website Developer
If you don’t have the development skills, then your first step is to learn how to code. Once you have the skills, it’s time to start finding work.
Create a profile on sites like Upwork and Freelancer, and start pitching jobs to get paid.
To increase your chances of success it can be helpful to create a niche for yourself, and craft your profile and portfolio accordingly.
For example, maybe you want to build websites for real estate agents and property management companies. Or, you’d like to specialize in creating eCommerce websites that use WooCommerce and WordPress.
First, make sure there’s a need for your skills, maybe there are a lot of jobs posted for your specific skillset. Then, craft your niche web development business and start pitching relevant jobs.
#16 Buy and Sell Websites
The process of buying and selling websites is like the process of flipping homes — you buy a house that has investment potential, fix it up, and sell it for a higher profit.
The process is pretty straightforward. But, just know that there are risks involved. So, don’t invest money in a site you can’t afford to lose.
Here’s how you buy and sell sites for a profit:
- You find an undervalued website that you know you can improve. For this, check out marketplaces like EmpireFlippers, Flippa, and We Sell Your Site.
- Do your research to uncover revenue and traffic numbers, link profiles, and the real reason why someone is selling the site.
- If everything checks out, purchase the site.
- Make site improvements to maximize its traffic and revenue.
- Sell the site for a better profit.
#17 Become an Instagram Influencer
Instagram is one of the fastest-growing social media platforms out there. However, did you know you can make money directly from Instagram, just by having a big enough following?
It’s becoming more difficult to build a large following on Instagram, but it can be a pretty easy way to earn a nice living online. Large brands and other companies will actually pay you just to do a post about their company, or showcase one of their products.
Usually, how much you make per post will depend on the size of your followers, and how engaged they are. You can expect to earn anywhere from a couple hundred to multiple thousands of dollars per post.
Building a sizable Instagram audience will take time, but if you love taking photos, don’t mind spending a lot of time on your phone, and are dedicated to posting regularly, then it’s worth a shot.
#18 Manage Social Media Accounts
Most of us are active on social media these days. But, did you know you could earn a living managing social media accounts?
If you’re already an avid social media user, then you’re already one step ahead. It’ll be much easier for you to convey your expertise and convince others to manage their accounts for a fee.
If you’re not, don’t worry. There are a ton of educational resources like the Hootsuite Academy, which will teach you about the ins and outs of social media.
Once your knowledge is up to speed, it’s time to head back to freelancing sites like Upwork and Freelancer to start pitching jobs.
If you’re looking to increase your chances of landing clients, you can use what you’ve learned to brand and grow your social media management company.
#19 Sell Stock Photos
If you love to take pictures or recording footage, then you can make money off this passion.
There are tons of sites that allow you to upload your stock photos and footage. These sites have huge user bases, and when someone licenses your photo, you get paid.
Some of the biggest stock photography websites include:
If you’re a videographer, then some of the top sites are:
When creating your stock portfolio, spend some time browsing through the marketplaces above to find the most popular styles.
Then, create your own niche and upload as often as possible — the larger your portfolio is, the greater your chances of success.
Beyond making money with your photos and videos, using websites like these can help to build a fanbase for your work as well.
#20 Taking Surveys Online
Taking online surveys probably isn’t the best way to earn a passive income online. But, if you’re looking for some fast cash and prizes, without having to take time to learn a new skill, then it could be worth considering.
Taking surveys is exactly what it sounds like. You take online surveys and get compensated with cash, coupons, prizes, and gift cards.
Usually, you’ll have to give them your demographic info so they can gain information about your background and interests, but after that, you can start earning right away.
Some of the most popular online survey sites include:
#21 Invest in Cryptocurrency
Chances are cryptocurrencies that appeared on your radar with the huge Bitcoin peak. However, even if you didn’t invest in Bitcoin and other cryptocurrencies a few years ago, it isn’t too late.
Investing in cryptocurrency is a lot like any other form of investing, and there will be some risks involved. But, by taking the time to educate yourself you can make some sound investments that’ll pay off in the long-run.
The first step in your cryptocurrency adventure is to get your knowledge and skills up to speed. BitDegree is a great resource that’s full of useful tutorials and courses that’ll get your cryptocurrency knowledge up to speed.
There are multiple approaches to earn money off cryptocurrency including:
- Investing in coins before they IPO, or grow in value
- Learning how to program and work with blockchain
- Become a cryptocurrency writer
- Getting a job at a cryptocurrency startup
Since cryptocurrency and blockchain technology are still in their beginnings, it’s a great time to learn the necessary skills to position yourself for future success.
How do I invest in Cryptocurrency?
The most popular place to purchase cryptocurrency is cryptocurrency exchanges. There are several different exchanges to choose from, with the most popular being Coinbase, GDAx, and Bitfinex. These exchanges allow you to purchase currencies like Bitcoin and Ethereum with a debit card.
How much should you invest in Cryptocurrency?
One rule of thumb is to invest no more than 10% of your portfolio in individual stocks or risky assets like bitcoin.
Can you become a millionaire with Cryptocurrency?
Investing in cryptocurrencies is one way people are using to get rich; become a millionaire. But it doesn’t mean you become a millionaire instantly. You have to research and analyze every coin to make decisions that bring you a fortune. Indeed, cryptocurrency can make you rich overnight.
Is there any future in Cryptocurrency?
Cryptocurrency’s future outlook is still very much in question. Proponents see the limitless potential, while critics see nothing but risk. Professor Grundfest remains a skeptic, but he does concede that there are certain applications where cryptocurrency is a viable solution.
Who is the richest Bitcoin owner?
Today, Satoshi Nakamoto is the 157th richest person worldwide, and the crypto asset will have to cross six digits in order to surpass the Amazon founder’s net worth. In 2020, the founder of Amazon has a whopping 175 billion and he’s currently the richest person on earth today.
By now you understand how you can make money online. Whether you just want to earn an extra couple hundred bucks a month or start a new career, everything depends on you.
Don’t let the list above overwhelm you, but instead ask yourself what you would enjoy doing? Take your current skills into consideration and see how you can apply them to one of the opportunities on this list.
Remember, just like any way of earning money, it might not happen right away. But, with persistence and dedication, you will get there.
Are there any additional ways to earn money online we forgot to mention? Please share your ideas in the comments below.