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Making Money Online
Can you really make money online in 2020? The answer is a resounding yes (you definitely can) and I have been doing it for ages. It hasn’t made me rich, yet, but it’s a great way to supplement your income.
Thanks to the internet, there is a plethora of places to go and make money. You do need to watch out for the scammers (beware of emails from the Prince of Nigeria) but there are endless opportunities if you know where to look.
In most cases, you will be required to exchange your time and personal information (name, email etc) in order to make money online. But as long as you are going through trusted sources (such as those suggested here), you will be absolutely fine.
I would suggest setting up a second email exclusively used for your online money making escapades. Not only does this help keep your personal information separate and organised, but it also prevents procrastination and distraction. It’s quite easy to be lured into the latest money-making opportunities when you’re stuck behind a desk all day.
So without further ado, I can’t wait for you to read about these 11 amazing suggestions to start making money online.
- Making Money Online
- 11 Ways You Can Definitely Make Money Online
1. Start a Blog
Starting a blog seems to be touted by all the experts as the best way to make money online. Chooses a blog niche, pay for hosting and your away.
My experience has not been quite as simple but nonetheless extremely enjoyable. I would, however, regard the notion you can be earning 6 figures in a matter of months with a pinch of salt.
Blogging is a massive learning curve, and unless you have a background in online marketing, copy editing and web design; it’s going to take some time.
I can report however that the earning potential is massive if you know how to correctly monetise your blog from the offset. After all, it’s meant to be a business and therefore should be treated as such.
I managed to make my first affiliate sale after just 1 month. And with continued content output and promotion, I’m confident my blog will be a money-making machine in no time.
You really do need to be patient though and not get overwhelmed by the whole process. There are a plethora of places to go to learn from those that have already achieved great results. You can check out the 7 Best Blogs to Learn How To Blog, it’s a good place to start.
I definitely recommend starting your blog with SiteGround and reading ‘7 Steps to a Self-Hosted WordPress Blog on SiteGround‘ to ensure you get set up the right way. It’s a bit more involved than just paying for your hosting and clicking the WordPress install button.
How to Make Money Online With Your Blog
There are a number of ways to make money online with your blog. Here is a few:
- Affiliate Marketing – The process of directing your readers to products and services that you are an affiliate for – you get a cut of the sale price in the form of a commission.
- Digital Products – You can create eBooks and courses that provide value to your readers and generate income from sales.
- Display Ads – The most passive way of earning. For every 1000 visitors to your blog, you can get paid for the ads you have displayed. Mediavine (the holy grail of display ad networks) requires a minimum of 25000 monthly sessions and pays on average from $10-$20 per 1000 visits. That’s a potential passive monthly income of $500!
2. Online Surveys
Completing surveys for cash payouts is a great way to make money online. It isn’t going to make you rich but it’s definitely a nice way to make some pocket money.
For most survey sites you either earn money, rewards cards or points (which can be exchanged). The company you are completing surveys for makes its money by sharing their income with you.
Companies will pay to have their surveys distributed for market research purposes, and a small amount will be paid back to you for your time and opinion.
It’s worth noting that not all survey sites are created equally, and some in fact just darn scams. So you need to do your due diligence before handing over your personal information.
Here are some the best survey sites you can start making money with straight away:
Have you come across online trading during your money-making research escapades?
It’s pretty much a right of passage for most of us money-loving folk. I discovered the world of Forex, Options, Futures and Binaries when I was fresh out of University. It is an exciting world with lots of money to be made.
However, trading is difficult, time-consuming, risky and not suited to all personality types. Especially for those with any sort of predisposition to gambling. (Chasing a win to cover a loss is dangerous territory)
I had some success with trading Forex via a couple of well-established brokers. However, the time requirements to monitor the charts and manage the trades meant I needed a different approach.
That is where eToro comes into the picture. The platform provides a great way to gain exposure to these exciting markets whilst reducing the time pressures of trading them.
It also opens the doors to those with limited knowledge of trading financial markets. And it doesn’t require huge amounts of capital to get involved.
What is eToro
eToro is primarily a social trading platform and a great place to make money online. The concept is simple: deposit cash into your trading account, select traders to copy and allow them to make trades.
The skill with eToro is in selecting the right traders to entrust your money with. You can greatly increase your chances of success by following some important steps. I go into much more detail in the article Learn eToro | The Ultimate Beginners Guide.
If you are a beginner to the world of financial trading and looking for a legitimate way to earn money online, I definitely recommend trying eToro. It’s a great way to make a passive income.
Join: Follow this link and make a deposit: You don’t need to trade with real money straight away. You can use the virtual account to familiarise yourself with the platform and its features.
CFD Disclaimer: Disclaimer: 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
4. Robo Advisors
If you don’t find a way to make money while you sleep, you will work until you die.Warren Buffett
Investing in the stock market is a great way to make your money work for you.
The modern world has seen the complexity of financial instruments that one can invest in develop exponentially. These include stocks, shares, derivatives, futures, mutual funds, ETF’s and equities to mention a few.
There are three main ways to gain access to these types of investments and make money online.
- Actively manage these investments yourself
- Pay for a financial advisor to guide your investment decisions
- Use a low-cost Robo Advisor
Choosing the first option of managing these financial investments yourself is not wise unless you have experience and knowledge.
Paying for a financial advisor is expensive and only really worth it for high net worth investors (we are not there yet).
Therefore your best option is to use a Robo Advisor. This is a digital platform that provides algorithmic-based investment decisions without human intervention. A great Robo Advisor will be easy to set up have low fees and great security.
You will be able to select your risk appetite and the Robocalls Advisor will do the rest.
I have been using the UK Robo Advisor Moneybox for over 2 years now as it allows me to take advantage of tax-efficient investment schemes via the platform.
5. Peer 2 Peer Lending
Peer 2 Peer (P2P) lending is a great way to achieve market-beating returns on your investment. It is not without risk (in most cases) but is definitely one of the new ways to make money online everyone should pay attention too.
For the uninitiated P2P is when individuals (peers) make loans via a lending company to other individuals or businesses. Now, you don’t want to be on the loan side of this equation. There are better and more affordable ways to borrow money.
However, investing via these institutions does in the most part offer excellent interest rates with limited risk exposure.
Yet again, with all money-making opportunities, you should be vigilant in selecting the companies you choose to work with.
The risk in making these types of loans is a possible default on repayment. There are however P2P platforms that offer provision funds in order to minimise loses. Many will allow you to spread the risk over multiple loans. And some offer buy-back guarantees to further limit the risk.
As with all money-making ventures of this nature, do not invest what you can’t afford to lose.
My preference has been a company called PeerBeery for a while now (they offer a buy-back guarantee. Just look at the returns I’ve managed to achieve:
Here are some great US options:
Here are some great UK options:
6. User Testing
If you are looking to make money online right now and fast I cannot recommend user testing highly enough. Testing websites is one of my favourite methods to make money online.
User testing is the process of testing a product’s design and capabilities in order to make adjustments and improvements for the user experience.
Companies want to ensure their websites, apps and online services are fit for purpose and are performing optimally. They will put their products in front users and utilise the feedback to their advantage.
The best part is that this information is valuable to them. So much so in fact, they will pay you for the privilege.
I wish you could make a full-time income from user testing because it’s easy, fun and quick. Often it takes less than 20 minutes to record a short video via screen sharing. You will be required to vocalise your experience whilst using a particular website or app.
A decent payout amount for user testing is $10 per test completed, and at approximately 20 minutes worth of your time, that equates to $30/hour. So you can see why I would be happy doing user testing all day long.
The truth of the matter is that there isn’t an endless supply of tests available. And often you won’t be suitable for the tests available. You can increase your earning potential dramatically by joining more platforms in order to gain access to more tests.
Once you have completed the signup you will be required to produce a sample video recording. This will need to meet certain criteria in order to be asked to test for that particular user testing company.
How to Ensure Selection
- Ensure high-quality audio and video.
- Speak clearly and truthfully about your experience.
- Be lively and engaging without shouting.
- Follow the tasks exactly as written and do not rush.
Here are some more great options for making money online with user testing websites:
7. Freelance Writing
Freelance writing is a superb way to make money online. If you have an internet connection, laptop and a decent grasp of the English language you can make money from anywhere in the world.
Perhaps blogging is something you’ve considered but don’t feel you have the time for. Well becoming a freelance writer means you can focus on just the writing.
A great place to start is the Medium.com Partner Program. Once joined you are eligible to start earning for the stories you write. The pay is calculated based on two factors including:
- How long members spend reading your story.
- How much of their monthly reading time members spend on your story.
You could also produce content for other peoples blog. The best place to start for this is either Fiverr.com or PeoplePerHour.com. After setting up a profile you will want to produce some sample content.
The freelance writing rates will vary from $1 to $10 per 100 words. You will be able to charge the higher rates once you starting receiving positive reviews from clients.
There are loads of places online to get paid for your writing skills. I would recommend getting started with one platform and branching out from there.
If you want to find out more about freelance writing then read Elna Cain’s ‘How to Make Money Writing As a Freelance Writer in 2020‘.
Instead of correcting your friends for their poor grammar why not monetise your passion for the correct use of the English language?
Proofreading is a fab way to make money online and is a great work-from-home side hustle or a full-time job.
It is important to note that a proofreader and an editor are two different things entirely. As a proofreader, you will not be required to actually edit the copy you are reading. This means the process is a lot less involved.
The main duties of a proofreader are to check for grammatical errors, spelling mistakes and inconsistencies. Although it is still a skilled job, the ability to break into the sector is much more accessible.
Caitlin Pyle from proofreadanywhere.com consistently makes between $3,000 and $4,000 per month working between 20-30 hours a week.
She has a fantastic paid course and a free 76-minute workshop you can take today.
Some great places to start your new career in proofreading and make money online:
I am always on the lookout for new ways to make money online. I’ll be honest with you, transcription isn’t for me. You really need to develop the skills and have the patience with this one.
Nevertheless, I have included it in this list for 2 reasons.
Firstly, you can most definitely make online with transcription jobs. The pay is roughly $15 an hour and this rises to $30 an hour depending on experience and skill.
Secondly, it would be remiss of me to exclude something from this list that many people are more than capable of doing. Just because I was unable to get to grips with the process, it doesn’t mean many people could.
In fact, if you are already a transcriber or have skills in shorthand and typing then this could be a natural progression. There are countless places on the internet to legitimately make money online transcribing.
Here are a few:
10. Run Facebook Ads
It’s always nice to find a money-making opportunity with a platform you are familiar with. And let’s be honest, who hasn’t used Facebook before?
But did you know Facebook is one of the most targeted and therefore powerful ways for businesses to advertise? Businesses can select a location and demographic and know that they are reaching the right potential customers.
I know this first hand from my small fast food business. I have spent money on newspaper campaigns, leaflet drops and even radio spots. But nothing converted better into customers than a Facebook ad campaign. It just works!
So why do businesses need other people to run their Facebook ads? And why would they pay $1000-$2000 a month for it?
According to laptopempires.com last year, business owners spent over $88,000,000 per day on Facebook ads.
The reason they spend this sort of money is that it works.
Often, small businesses do not have the time, know-how or inclination to run these ads themselves.
That’s where this side hustle and potential full-time business comes into its own. Running Facebook ads really is a great way of making money online.
11. Pinterest Virtual Assistant
If you’re a fan of Pinterest already then you should definitely consider this one. In fact, it would be a perfect way to make money online as a college student, stay-at-home mom or someone with a part-time job.
So what is a Pinterest Virtual Assistant? And how the hell can you make money doing it?
Pinterest is a search and discovery platform that for the average user is a great place to collate ideas and inspirations. For marketers, it’s an opportunity to get a product or service out into the world.
In order to generate traffic to a blog or website from Pinterest, businesses and individuals need to be actively using the platform.
This involves a number of fairly time-consuming activities, including:
This is just a handful of the day-to-day requirements managing a Pinterest account involves. As you can see, it’s quite a bit of work.
That’s why many business owners like to offload this responsibility. It frees them up to concentrate on the other components of their business. And the best part is, they will obviously pay you to do it.
Most Pinterest VA’s will have a variety of pricing structures they charge. But it is likely that once you land a client, you will be charging a monthly fee for your services.
But I have no Pinterest experience…
Familiarity with the platform would be ideal but definitely not a prerequisite. If you want to make money online fast then you should consider taking a paid course.
I know it’s counterintuitive, but sometimes you really do have to spend money to make money. And this is definitely one of those times.
That’s why I recommend the PinterestVA.com online course.
I did an interview with the creators of the course which you can check out here, ‘Becoming a Pinterest Virtual Assistant‘.
The course can pay for itself as soon as you land your first client. And the future potential goes from a sweet side hustle all the way to a full-time income.
Yi Ming from InsaneFreedom.com landed her first client just 2 weeks after completing the PinterestVA course. She now makes over $3500 per month.
This is one of the ways to make money online that I think is most exciting for people looking to escape the 9-5.
It’s definitely not a ‘get rich quick’ scheme but instead has the potential to deliver a long-lasting and sustainable income.
There are 11 ways to earn extra cash online that could start today. Most of the opportunities suggested will allow you to earn money online without the need for investment.
If you are looking for something more scalable than just a side hustle, you will have to put up a little bit of cash. But that’s just the nature of the beast I’m afraid.
Remember there are scammers out there to get your money. Just like the real world, the online space is no different. But if you are careful, diligent and savvy, then making money online is definitely possible.
In fact, if you’re not expanding you earning potential by utilising the opportunities on the web, you are missing out.
Never leave money on the table…
How can I make money online with no money?
Absolutely you can. The amount you can make will vary, and often not be as high as the methods that require some investment. Online Surveys, User Testing and Freelance Writing are great ways to make money online with no upfront costs.
How can I make money online right now?
The quickest way to make money online is with user testing. If you sign up to a number of different platforms it will greatly increase the number of available tests. Then, you will typically need to spend about 20 minutes to earn $10. Payouts are usually within a week and from my experience very reliable.
Can I make an extra $1000 a month online?
To make $1000 a month online you will definitely need to make some form of financial investment. The best option is to start a blog and scale up your traffic as quickly as possible. Once you’re getting 25k sessions per month you can apply to a premium ad network which typically pays from $10-$20 per 1000 visitors.
If you have a high net worth then you can make $1000/month relatively quickly. eToro has traders you can copy that regularly achieve 10% returns. An investment of $120,000 will return $1000/month.
Are all of these options legitimate ways to make money online?
Of course.The online world does have scammers, but this is true in real life as well. All the options above are trusted and reliable, and so are the links related to them. Always conduct your own research and stay diligent.
Are there more way to make money online?
There are probably as many ways to make money online as there is in the real world, if not more. I will strive to update this site regularly and share any new and exciting money making opportunities that I discover. There’s plenty to be getting on with now though…
If you come across any exciting online money-making opportunities please get in touch. And if you loved this article, please share with the world.
11 Ways You Can Definitely Make Money Online