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5 Ways To Make Money Online in 2020

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Nowadays, there are many ways to make money online in your spare time or full-time, as well. We are living a digital life where rapid technological change is the status quo, and it’s easier to discover new ways to make money online than ever before.

Money proffers the world to go around, and it’s something you always want to have more. Money is significant, especially when you’re struggling to pay your bills, save for your education, and want some extra money to have fun as the list proceeds.

On this page, you’ll discover the best ways to help you make some extra money online.

1. Start an eCommerce store.

What is eCommerce? E-commerce refers to the business transaction, which occurs online. According to Wikipedia, eCommerce is a system of buying and selling goods and services using the internet as the primary source of exchange. Starting any online business is a great way to invest, as the eCommerce demand is still increasing.

Studies predicted that eCommerce would reach a new height by 2021. The eCommerce business should expect a 265% increase from $1.3 trillion in 2014 to $4.9 trillion in 2021. However, it would be more advisable to start early.

Importance Of Starting An E-commerce Store.

Very Easy To Start

If you’re still striving in your full-time job, but you presently want to undergo a new business, you certainly can’t spend much time and enthusiasm on learning.

Low Expenses Upfront

Different sorts of businesses require an unusual amount of commercial investments at the start. For instance, if you’re planning to sell someone else products, the cost of renting a warehouse and buying the products will be a problem.

No Product Concerns

You can start the eCommerce store without manufacturing anything. You don’t need to buy items from suppliers at the start; therefore, there is no risk of going broke.

You don’t have to rent a warehouse, and you don’t need to pick extra staff to work on it. Besides, you don’t deal with shipments and distributions, which saves you time.

Ways To Get Started

Choose your niche.

Selecting the most suitable products to market online is one of the significant challenges in the eCommerce business. It will help if you take some time to find the best product ideas. The reality is that the best niches or products are usually profitable ones. Do keyword research about the product you want to sell and whether people are searching for it.

Buy a domain or pick your store name

A domain name is a recognizable name that belongs to you. Getting a name for your store will help customers to find you through search engines. Examples: Amazon.comAlibaba.com. Make your store name short and easy to remember. Register your domain name to give your store a unique brand.

Choose eCommerce and website hosting platforms.

Nowadays, there are a lot of eCommerce software that you can use to start your online store, even if you are not an expert in dropshipping business. You don’t need an expert to manage or edit your store for you.

I recommend the following eCommerce hosting platforms in which you can sign up for free.

Shopify is a complete business platform that lets you start, grow, and manage a business. Create and customize an online store. Sell in various places, including web, mobile, social media, and online marketplaces. It is user-friendly; you don’t need to be a designer or developer to use Shopify.

Customize the look and feel of your store with the online store builder and themes. Shopify will give you a free 14-days trial; no credit card required.

After your trial expires, choose a business plan that suits the size and stage of your business.

BigCommerce has a clean user experience that makes it easy to build beautiful websites even if you have never done it before. Once you’re all set up, BigCommerce is also easy to run through a simple shopping page for adding products and managing orders.

There are many templates to choose from to get the right look you want. Also, the backend to the site is very user-friendly. Unlike Shopify, BigCommerce will give you 15 days free trial.

 2. Start A Blog

What is a blog?

A blog is an online publication or informational diary found on a website. It is a platform where a writer or group of writers share their views on individual subjects.

Blogs allow you to talk about any subject and display your opinion. Before you start a blog, find your passion or topic of your interest to write on.

For instance, starting a politics blog would be useful if you’re into politics. You can start a blog about any topic at all; traveling blog, relationship, health, and fitness blog.

Remember, to be successful in blogging; you need to rely on the topics that you love.

Ways To Make Money Blogging

  1. One of the fundamental ways bloggers make money is by ads placed on their site. Google Adsense is the most popular in ad networks. Google chooses ads relevant to your content and puts it on your website.
  2. Another way to make money with your blog is to enroll in affiliate programs. Affiliate programs are ways of teaming up with retailers to sell their products and benefit from successfully carrying out sales through a commission. Here are a few popular platforms that offer several affiliate programs you can enroll in for free. ClickbankCommission JunctionJVZoo.

Importance Of Starting A Blog

  • Blogging builds your self-confidence
  • Regular blogging on your concern topics will enhance your creativity. You will gain more confidence as you feed your followers with the related subjects.
  • Network with other bloggers and make friends
  • You will gain new friends and impressions throughout the world as your blog can brighten or motivate your followers and turn their lives around.
  • A blog will make you an abler writer and thinker
  • Once you start blogging, you’ll find yourself becoming a better writer and thinker. Writing content requires creative thought, research, and persistence.

Ways To Get Started

  • Select a perfect niche for your blog.

A niche is a subject that you write about most frequently in your blog. To become a successful blogger, you have to choose the right niche and work on achieving the highest form of knowledge within that topic.

  • Choose a blogging platform

Building your blog on a self-hosted setup would be great. I recommend that you start your blog with wordpress.org as the platform comes with plenty of customization features or themes. WordPress has thousands of themes and plugins to choose from to make your blog engaging and adding value to it as well.

  • Pick a domain name for your blog.

It will cost you some small amount to obtain a domain name. We suggest you go for a domain name that’s similar to your niche. It should be short and memorable.
The price usually ranges from $10 to $15 per year for a .com domain.

3. Start Youtube Channel

Most people consider youtube as a place to find instructional videos, watch music videos, and funny videos to make our day. However, others look at youtube as another source of income for their online business.

The highest-paid YouTuber earns $22million for a toy review channel from June 2017 to June 2018.

Creating your youtube channel account

 Your channel is your presence on YouTube. Each YouTube account has one channel attached to it.

 A YouTube account is the same as a Google account, and setting up a YouTube account will grant you access to other Google products, such as Gmail and Drive.  Sign in with your Gmail if you haven’t signed in to your Gmail account.

Once you’re set up and signed into your Google account, it’s time to create a channel. Click the user icon in the upper right-hand corner of your YouTube account to create your channel.

How To Make Money From YouTube

Once your channel is up and running, your next step is to link it to an AdSense account. Sign up with affiliate programs to post a link to your content. You will get paid if someone purchases through your affiliate link. 

Try to put more effort and love into your videos to attract sponsorships. Yes, it is one of the best means to make money on YouTube, but you have to be patient with your brand. As you increase your YouTube channel’s audience and brand, more possibilities will become available to you!

4. Be A Freelancer

A freelancer is a term generally used for a person who is self-employed and is not necessarily confined to a particular employer permanently. 

A freelancer makes money typically on a per-job basis, charging hourly or daily rates for their work. You can work in industries like; music, graphic designing, translation, video producing, web designing, and other sorts of work.

Importance of freelancing

  • Flexible work schedule.

You decide which ampere-hours to work and can set your schedule to suit around other commitments.

  • More opportunities and not restricted.

 As a freelancer, you can pick your projects and are less confined to specific sectors. 

How to be a freelancer

Before you commence, you need to note that freelancing is nothing but a way of doing things. Get yourself equipped in at least one profession and sign up with these popular platforms to get started.

Below are the top 5 websites to join as a freelancer.

  1. Upwork.com
  2. Fiverr.com
  3. Toptal.com
  4. People per hour.com
  5. Guru

Related Article: HOW TO SUCCEED AS A FREELANCER

5. Learn Affiliate Marketing

Affiliate marketing is the type of marketing that is based on performance. In affiliate marketing, a business or an organization will compensate an affiliate for every customer that makes a purchase or takes action on their website.

Importance of Affiliate Marketing

Affiliate marketing is speedily becoming one of the most significant ways to make money online. However, it is not a get rich scheme. It entails much discipline and persistence to build up a relationship with the business you are marketing.

  • It is the simplest and easiest way to start.

You don’t need any start-up fees before you can join an affiliate program. No product concerns; you promote someone’s products and get commissions.

  • You gain professional confidence.

 Confidence is the positive impression you have in your expertise and knowledge as an affiliate marketer, to decide your working hours as boss. 

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7 Comments

  1. Avatar

    Markus Kurpinski

    March 30, 2020 at 1:32 pm

    https://youths4success.com It is the best site I have ever visited about money!

    I found a video that helped me earn money online, and
    I share it with you: https://youtu.be/2xBUMiBr7ac
    You’re doing a great job! Keep going! Good luck! 🙂

    Reply

    • Gideon

      Gideon

      April 3, 2020 at 10:42 pm

      Thanks, Markus. More cheers and success

      Reply

  2. Avatar

    September Palazzola

    March 31, 2020 at 11:11 pm

    The 5 Ways To Make Money Online in 2020 article is
    one of the best I have ever read!
    I found how to get an online income from my home, maybe it helps: https://bit.ly/income-365
    You are doing a great job with https://youths4success.com site.
    🙂 KIsses!

    Reply

    • Gideon

      Gideon

      April 3, 2020 at 10:39 pm

      Thank you very much. More wins!!!

      Reply

  3. Avatar

    Marti Mervyn

    April 5, 2020 at 10:06 pm

    Thank you for the article, you are an inspiration to us all.

    Reply

  4. Avatar

    ปั้มไลค์

    July 20, 2020 at 7:10 am

    Like!! I blog quite often and I genuinely thank you for your information. The article has truly peaked my interest.

    Reply

    • Awuah Gideon

      Awuah Gideon

      July 21, 2020 at 3:19 pm

      Thanks for visiting and don’t forget to subscribe to our newsletters.
      Wish you all the best in your blogging journey too.

      Reply

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