Making money online is getting increasingly easier for those who know how to sniff out the high-paying gigs and side hustles. The internet has made it inherently easier to start getting freelance gigs right from the comfort of your home.
So, if you’re looking to take your income to the next level and start making some extra cash this year so you can finally take that extra-long vacation or top of your retirement account, these 20 money-making opportunities should get you off to a good start.
Let’s get right to it.
Disclosure: This post may contain affiliate links. If you click through and make a purchase, I will receive a commission (at no additional cost to you). I only recommend legitimate products or services of the highest quality.
Making money blogging isn’t easy. I won’t sugar coat it, but it is worthwhile once you get the hang of it and once you really start to build a following. It can bring in income from both ads and affiliate sales. Find a profitable blogging niche you think you can create lots of content for and start writing your first few posts. Once you have at least 10 posts, you can start adding in affiliate links and making money blogging. Don’t expect to see overnight success with this, however, because for a lot of bloggers, it takes months and even years to start seeing a profit. But the work you do in the beginning ends up being worth it in the end if you stay the course.
2. Starting a Podcast.
Podcasts can be a great source of income, especially with the right niche. Just like blogging, finding a niche for your podcast can give you an edge and a distinct appeal. If you can bring to the table what no one else can from a unique perspective, you can make decent money with a podcast. If you already have a following online, you could stand to make hundreds or even thousands of dollars per month simply talking about the topics that interest you. If you don’t, it could take some time to find an audience and start making money from it.
3. Transcript Proofreading.
Proofreading court transcripts is becoming a popular way to earn money online. If you’re not sure how to get started, consider taking a course like Caitlin Pyle’s Proofread Anywhere course. Once you learn what you need to know you can start your own business proofreading court transcripts as a side gig or a full-time income.
4. Facebook Ads Consulting.
Become an expert at Facebook ads and start your own Facebook ads consulting company. The advertising rules and technology surrounding FB are constantly changing and there are tons of companies that need help navigating the complex landscape that is Facebook advertising. Take a course if you need to and start selling your expertise as a Facebook ads consultant.
5. Hosting Webinars.
A webinar is simply an online event that teaches people something they want to learn. You could host webinars on practically anything as long as there’s a market for it (meaning people willing to pay for them). People create webinars based on topics like investing in the stock market, creating successful ad campaigns, making money online, credit repair, and many, many more topics. Figure out what you’d be good at teaching and start charging people money for the information through your very own webinar.
6. Guest Post as a Freelance Writer on Blogs.
Guest posting can be a lucrative way to make money online by essentially selling your pitched articles to blogs that’ll pay for them. Create a list of blogs you think you might want to contribute to and come up with a list of topics to pitch. But before you do, make sure that the topic hasn’t been covered. Also, pay attention to the style of writing they accept by reading articles on each site before submitting. Make sure you adhere to their guidelines so you increase your chances of your article getting accepted.
7. Become an Affiliate Marketer.
Making money as an affiliate marketer can be a pretty decent source of passive income. Essentially, what you’ll be doing is promoting other people’s products and if your readers buy the product, you get a commission on the sale. If you want to be successful at this, it helps to let others know about your experiences with these products. It’s better to write about products that you’ve actually tried yourself rather than simply picking from a list of products you think you could sell just to make money. Try your best to provide value to your audience and you should have no problem seeing success as an affiliate marketer.
8. Start a Data Mining and AI Firm.
Data is such an important aspect of running and growing a business that companies all over the world are willing to pay someone to help them make sense of their data. There are several ways to make money with data mining and AI and if you really know what you’re doing, you can start your own firm helping companies use their data to improve their marketing and advertising strategies and provide assistance with merchandise planning.
9. Start a Print On Demand Business.
Are you always coming up with catchy slogans or phrases? Starting a print-on-demand business can help you make money from all that creativity just oozing out of you. Consider selling t-shirts, mugs, and other merchandise with your designs on them. Promote your products on social media sites like Facebook, Instagram, and Pinterest to generate interest and build an audience.
To get rich, you have to be making money while you’re asleepDavid Bailey
10. Become a Twitch Streamer.
Streaming on Twitch is becoming a popular way to earn additional income for gamers, and non-gamers alike. You can stream on Twitch and promote educational content, comedic content, or you can go the traditional route and stream your games. But you’ll have to find a game or type of channel that isn’t too overly competitive if you want to make real money doing this.
11. Real Estate Crowdfunding.
If you have a decent nest egg saved up, you can invest in real estate crowdfunding and make some money. Instead of having your money sitting in a savings account collecting such a low amount of interest, you can invest it in real estate crowdfunding and make a lot more money. Real estate crowdfunding allows you to invest in two different kinds of projects: debt crowdfunding and equity crowdfunding.
12. Sell Digital Files on Etsy.
Etsy isn’t just for arts and crafts. Selling digital files on Etsy has become a popular way for people to create passive income. People sell resumes, business kits, business contracts, to-do lists, productivity trackers, planner pages, and so much more. The more products you have, the better. But make sure they’re of high quality. If you need help with design, there’s always Canva. Or you can purchase design elements from other Etsy users or search online for other options.
13. Become a Website Tester.
While website testing won’t make you rich, you can earn about $10 for 20 minutes of activity. With website testing, you’ll have to interact with a company’s website and record your actions. Usually, you’ll be asked to describe how easy or hard it was to perform certain actions. Sign up with sites like Userfeel, UserTesting.com, or TryMyUI.com.
14. Become a Magazine Writer.
Pitching to magazines (when done regularly) can be a great source of income, especially if you’re submitting to high-paying magazines. Freedom with Writing publishes tons of articles that help you determine which magazines to pitch to by separating publications into categories by topic. Create an Excel spreadsheet with a list of publications you want to submit to and then add each one’s editorial guidelines so you can keep track of everything. You can create a separate page to track your submissions and follow up if you need to, to check the status of your submissions (if it’s allowed by the magazine).
15. Sell Your Expertise.
If you’re an expert at raising money for startups, helping companies expand and grow, or something similar, you can sell your expertise on Clarity.fm by helping companies reach their business goals. This site allows business owners to book a phone call with you to talk about how they can use your expertise to their advantage. Whether you have experience running a successful restaurant, raising millions of dollars, or creating successful apps, you can make money selling your expertise.
16. Flipping Domain Names.
Buying and selling domain names based on their popularity can be a pretty decent source of income if you know what you’re doing. But, flipping domain names isn’t easy. There’s definitely a learning curve, but once you’ve learned what to do and what not to do, you should have no problem earning a little bit of extra money on the side. You can sell your domain names on Go Daddy’s Domain Auction. Before you jump into this, do a little bit of research and come up with a strategy that can help you increase your chances of success.
17. Sell Your Stock Photos.
Every website needs images and stock photos are the simplest way to get high-quality photos. If you have a knack for taking great photos, why not sell them and make a little bit of extra cash? You don’t have to be a professional photographer, but it helps if you know at least a little bit about photography if you want to be successful at selling your stock photos to top sites like Shutterstock, iStock, and Fotolia.
18. Become a Travel Writer.
Wanna make money traveling the world? As a travel writer, you could do just that writing about your experiences in different cities and countries all over the globe. Take a look at the writer’s guidelines for travel publications you might want to write for and start jotting down your experiences on your next travel adventure. Repeat the process and you can call yourself a true travel writer.
19. Become a Product Tester.
Do you like the idea of making money by testing out new products? Then you could make money from home testing products for companies. I did this once with a new gluten-free, nut-based baby food product that was coming to market soon. The company rewarded me with a few gift cards, but oftentimes, you can also get cash for testing new products, depending on what they are. To get started, check out sites like Opinion Outpost, Toluna, and BzzAgent.
20. Become an Options Trader.
Options trading is risky and it isn’t easy to learn, especially if you don’t know anything about the stock market. But the good news is there are tons of courses out there that can teach you how to trade options — otherwise known as day trading. Check out Udemy or Coursera for options trading courses, which should cost you only a few hundred dollars. If you’re willing to learn a new skill, you could make hundreds of dollars a day as an options trader. Figure out which strategy works best for you — there are dozens to choose from.
With the above ideas in mind, you can make 2020 the year you start making the extra money you need to reach your financial goals and live your best life. Start looking into the ideas the most appeal to you and get started making it happen.