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2020 has been a hectic year so far. The Covid-19 crisis, economic instability and social distancing measures have all pushed us to the limit. Thus, making money from home now has become more important than ever before.
I’ve already discussed some of the best ways to make $50 per day online but it’s time to update the list and feature some more opportunities that deliver excellent results. Here are the best ways to make money from home in 2020, whether you’re looking for some extra income or a way to become completely self-sufficient.
- Write Multiple eBooks
- Best Ways to Make Money from Home in 2020: Affiliate Marketing
- Get Paid to Do Surveys
- And Check Out Some New Paid Survey Opportunities
- Earn Cashback on Your Purchases
- Sell Your Digital Products and Art Online
- Blog to Make Money Online
- Rent Out Your Unused Space
- Test Apps to Make Cash
- Work on Becoming an Influencer
Write Multiple eBooks
eBook writing still ranks among the best ways to make money from home in 2020.
To make the most of this opportunity, you will simply need to understand trends and consumer preferences.
Do your Amazon research. Come up with a topic idea and check out the best sellers in the particular field. Based on this information, you can narrow down the book concept even further to make your title unique and grab a share of the respective audience.
To make enough money for self-sustainability, I recommend putting out a series of books on the same topic. This way, you will build a portfolio, you will carve out your niche and you can also use the individual titles to do promotion for the other books in the series.
Kindle Direct Publishing is a must as it gives you access to the world’s biggest marketplace. I would also recommend distributing your title via other platforms, as well. A distribution service like Draft2Digital can really come in handy.
Draft2Digital is the ebook distribution service that I personally rely on. For a small fee, you can have your title added to marketplaces like Barnes&Noble, Rakuten Kobo, Apple Books, Scribd, Tolino, 24Symbols, OverDrive, Bibliotheca, Vivlio and others. There are also possibilities for putting together a hard-copy and an audio book.
If you’re interested about making enough money through ebook writing, you may want to check out the following guide on getting started.
Best Ways to Make Money from Home in 2020: Affiliate Marketing
I also recommend affiliate marketing as an excellent opportunity to earn 50 dollars or even more per day.
The secret of successful affiliate marketing is once again finding your niche.
If you have a big enough audience and people trust you, recommending quality products becomes an effortless task. Affiliate marketing is one of the most flexible opportunities to earn an income and you don’t need a website to make it happen.
Obviously, you need to choose the right affiliate marketing opportunities to monetize effectively.
Platforms like MaxBounty are really great for beginners. There, you will get access to a curated range of campaigns that focus on so many areas. Max Bounty guarantees weekly payments as long as you’ve reached the payout amounts, international campaigns and effortless access to an affiliate manager that will guide you through the process if you’re not that familiar with it.
Previously, I have recommended some other platforms but right now, MaxBounty is the only one I use. Apart from it, I partake in individual campaigns that are not linked to any one affiliate marketing service provider.
Freelance work is on top of the list that contains the best ways to make money from home in 2020.
In my humble opinion, the prominence of freelancing will continue growing as we need to adapt to new realities. The number of companies looking for remote workers will grow and the time is right to start exploring all amazing opportunities that freelancing brings to the table.
You can start out by checking out the most in-demand skills to determine where you should focus your efforts. If you possess such skills and knowledge, don’t hesitate to set up your profile on a freelancing website like Upwork or Guru.
There’s one final recommendation I have for you if you really want to build a freelance career.
Signing up for a payment service provider in the digital realm will help you minimize some of the bank fees and charges you’ll otherwise have to go through to have your payments processed.
Revolut is one of the best services available currently fee-wise and customer service-wise. There are multiple account options to choose among and I intend on creating a more thorough review in the near future.
TransferWise is another similar service and if you sign up now, you’ll benefit from a free international transfer of up to 500 pounds.
While it may seem that the time isn’t right to start an online shop right now, the consequences of the Covid-19 social distancing have created good conditions for starting out with this kind of business.
A dropshipping website allows you to act as an intermediary between a manufacturer and a client. This means you don’t have to maintain your own inventory in a warehouse. As soon as someone makes an order via your website, you will contact the manufacturer or wholesaler who will be responsible for shipping and delivering the item.
Here’s an example of a great pet shop that some friends launched recently and that has been doing pretty well since the start of the year.
As more and more people are anticipated to adopt online shopping as a primary method of acquiring goods, dropshipping will potentially grow.
To make it work, you need to choose the right niche and you have to focus on the right products. Featuring high quality, optimized content for each of those will help you grow your popularity relatively fast.
Here’s a previous dropshipping guide I wrote some time ago but do anticipate more on the topic in the near future.
Get Paid to Do Surveys
If you just need a bit of cash, you should consider doing online surveys. By signing up for multiple websites, you can reach the coveted sum of 50 dollars per day. Obviously, such income isn’t feasible every single day of the week but that would be some quick money (definitely worth the try!).
Paid survey websites are not created equal. There are lots of scams out there so do assess opportunities carefully before signing up for anything and giving out your personal details.
I have personally recommended a couple of opportunities in this field in the past and here are the ones you should be checking out in 2020.
Not only that, InboxDollars makes it possible to monetize in a few additional ways, which means that the dollars will add up relatively fast.
The best aspect of doing surveys for money is that you don’t need any professional experience. In addition, a single survey will take 10 to 15 minutes to complete. Thus, if you join multiple survey websites, you can easily generate 30 to 50 dollars per day.
Survey Junkie is one of the best options to try if you’re in the US. By completing surveys, you’ll get reward points. These reward points can be converted in cash and withdrawn via PayPal.
MySurvey is an equally good choice. The network has over 200 reward partners and you can choose between a PayPal withdrawal and an array of gift cards (Amazon, Macy’s, Applebee’s, CVS, etc.).
When it comes to excellent survey websites, you shouldn’t forget Swagbucks. It is one of the biggest portals out there today and members report easy income generation through surveys, video watching and performing simple tasks that only take minutes.
And Check Out Some New Paid Survey Opportunities
On top of these well-established, reputable paid survey websites, there are some new opportunities worth checking out in 2020.
Vindale Research has been around for quite a lot of time. You will get paid to complete surveys and to write product reviews. The only downside is that you’ll have to wait for 50 dollars to accumulate in your account before you can cash out. Click here to sign up for a free Vindale Research website.
MakeSurveyMoney is another website I haven’t talked about until now but it has excellent reviews on TrustPilot. People who have given it a try actually report that the surveys are informative and a lot of fun to do.
This platform also features alternative ways to earn by performing small tasks so do check it out. If you sign up for MakeSurveyMoney right now, you will get a 2-dollar bonus.
And finally, if you live in the US, Canada, the UK, Australia and various other countries, you can check out eSurveyBox as it tends to accept a much bigger range of international members than other survey websites.
Earn Cashback on Your Purchases
If you are worried about your shopping in 2020, you should definitely consider a quality cashback app that will allow you to earn some money back.
Rakuten is one of the most prominent networks in this field and it benefits from a massive partner network. You will earn cashback by doing many kinds of online and in-store shopping after signing up.
The cashback amounts vary by store but in some instances, you’ll earn as much as 40 percent back. Other stores have fixed cashback amounts that you can check out at the Rakuten official website.
If you use this link to create your Rakuten account, you will earn a 10-dollar sign-up bonus that is redeemable after you spend your first 25 dollars.
Sell Your Digital Products and Art Online
Are you an artist, a photographer or a person who creates digital stuff like audio recordings, online courses, infographics or charts?
All of these digital products can be sold online, much like ebooks. When you put together an extensive portfolio of digital stuff to sell, you can easily make more than 50 dollars per day from such activities.
Stock image websites do accept new submissions from photographers, illustrators and vector artists.
Alternatively, you can opt for art marketplaces and online galleries that will display your work and help you find customers.
If you are a course creator, you make podcasts or videos, starting your own website and promoting it will make sense. This way, you can grow your audience organically to reach more and more interested people. Needless to say, having a sensible social media presence will also be vital to establish your reputation.
Blog to Make Money Online
I want to include blogging among the best ways to make money from home in 2020 but on one condition. It takes time to earn back from your blog. You should be prepared to work on it, to continue adding great content month after month. Initially, there will be no returns. Hence, you should only get started with blogging if it’s a project you’re going to enjoy.
Obviously, you can rely on a platform like WordPress to set up your website quickly and cost-efficiently.
Still, you will need to work on content, optimize the website and eventually seek for hosting and a domain name of preference.
If you’re good at what you do and you dedicate enough time to growing your blog, its reputation will be established sooner or later. When this happens, you’ll enjoy an array of monetization opportunities – affiliate marketing, hosting ads on the blog, being asked to create sponsored content or even selling your own digital products like blogs.
While in the beginning it’s not going to give you much of a return, blogging can eventually become a sustainable source of income that will generate more than 50 dollars per day.
Rent Out Your Unused Space
Services like Neighbor provide an excellent opportunity to make money from property that you’re not using right now.
How exactly does that work?
Neighbor is an online solution that allows people to discover nearby storage space or a vehicle space in their neighborhood. If you have such a space available, you can list it on the website and make money from people that are interested in making use of your property.
The storage rates at Neighbor are lower than what a comparable professional solution is going to cost. This is why it has numerous users and it provides good opportunities for earning some cash from the bits of your property that aren’t being utilized.
Test Apps to Make Cash
Those who don’t have way too many specialized skills or are not interested in becoming freelancers can consider doing app testing. This is one of the simplest ways to make money from home in 2020 and eventually, the sums will add up.
Respondent is an app testing marketplace that’s always looking for new people to join their forces.
At respondent, you can evaluate apps and test out products. Most of the projects listed on the platform can be completed remotely, which means you’ll benefit from cool gigs that you can complete at home.
Not only that, Respondent has a referral program that you can harness to make some extra cash. You can invite friends to join the platform or to apply for a specific project that you believe they’re qualified for.
Before getting started, you will need to complete a qualifying screener that will determine if you’re properly matched to the specific project. Depending on the complexity of the project, you may need some IT background but these are the testing jobs that pay quite well (100 dollars per project or more).
Work on Becoming an Influencer
The influencer space is already pretty crowded but reports that the number of brands interested in such partnership will grow exponentially in the coming years.
This is why working towards becoming a niche influencer right now is one of the best ways to make money from home in 2020.
When we talk about influencers, we don’t refer to the beauty gurus on Instagram or the fitness models promoting detox tea.
Just like many other niches, this one has started becoming more niche and more specialized.
The key here would be to build a specific audience that a product or service provider would be interested in.
Thus, if you are a freelancer or an online entrepreneur, base your social media presence on these facts. Crafting such a niche for yourself will make it easier for you to become connected with the right brands instead of competing against all of the already well-established influencers on Instagram.
These are just a few viable suggestions you can benefit from in 2020 to make money from home. Are you already earning an income online? Do you make more than 50 dollars per day? Please don’t hesitate to share your approach with me in the comments below – I’d love to learn about some alternatives that I haven’t listed in the guide.