Category - easiest way to make money online

Best Ways To Make Passive Income 2020

Best Ways To Make Passive Income 2020

Passive income includes regular earnings from a source other than an employer or contractor. The Internal Revenue Service (IRS) says passive income can come from two sources: rental property or a business in which one does not actively participate, such as being paid book royalties or stock dividends.

1. Selling information products

One popular strategy for passive income is establishing an information product, such as an e-book, or an audio or video course, then kicking back while cash rolls in from the sale of your product. Courses can be distributed and sold through sites such as Udemy, SkillShare and Coursera.

2. Rental income

Investing in rental properties is an effective way to earn passive income. But it often requires more work than people expect. For example, if your goal is to earn $10,000 a year in rental income and the property has a monthly mortgage of $2,000 and costs another $300 a month for taxes and other expenses, you’d have to charge $3,133 in monthly rent to reach your goal.

3. Affiliate marketing

With affiliate marketing, website owners, social media “influencers” or bloggers promote a third party’s product by including a link to the product on their site or social media account. Amazon might be the most well-known affiliate partner, but eBay, Awin and ShareASale are among the larger names, too.

4. Invest in a high-yield CD

To make the most of your CD, you’ll want to do a quick search of the nation’s top CD rates. It’s usually much more advantageous to go with an online bank rather than your local bank, because you’ll be able to select the top rate available in the country. And you’ll still enjoy a guaranteed return of principal up to $250,000, if your financial institution is backed by the FDIC.

5. Dividend stocks

Shareholders in companies with dividend-yielding stocks receive a payment at regular intervals from the company. Companies pay cash dividends on a quarterly basis out of their profits, and all you need to do is own the stock. Dividends are paid per share of stock, so the more shares you own, the higher your payout.

6. A bond ladder

A bond ladder is a series of bonds that mature at different times over a period of years. The staggered maturities allow you to decrease reinvestment risk, which is the risk of tying up your money when bonds offer too-low interest payments.

7. Advertise on your car

You may be able to earn some extra money by simply driving your car around town. Contact a specialized advertising agency, which will evaluate your driving habits, including where you drive and how many miles. If you’re a match with one of their advertisers, the agency will “wrap” your car with the ads at no cost to you. Agencies are looking for newer cars, and drivers should have a clean driving record.

Work From Home Ideas 2020

In today’s connected world, where technology affords us more flexibility in how and where we work, home-based businesses come in a variety of forms. Some require you to convert a spare room into a mini-warehouse for products, while others can be run completely online.

1. Buy products in bulk and sell them online

Maybe you recently traveled abroad and came across unique products that aren’t readily available in your market, but that you sense an appetite for. Or maybe you’ve zeroed in on a niche market and know the perfect way to serve it. Either way, if these products are relatively easy to store and ship, you may have some solid home-based business ideas on your hands.

2. Sell homemade products

If you’re a maker yourself (or know someone who is), consider turning that hobby into a business. Even if you have to create your products elsewhere—in a studio, commercial kitchen, or workshop—you may be able to store and sell them in your own home.

3. Start a dropshipping store

Your dropshipping supplier can be local or overseas, but you need to ensure you find a supplier you can trust to deliver a consistently great customer experience after the sale. Always do your due diligence or you might put your business’ reputation at risk.

4. Start a print-on-demand business

Using a similar dropshipping model, a print-on-demand business doesn’t require you to hold any inventory or ship anything yourself. Print-on-demand even offers you more flexibility to customize white label products with your own creative designs. There are many other print-on-demand products you can sell: books, hats, backpacks, blankets, pillows, mugs, shoes, hoodies, and more, depending on the supplier you choose to work with.

5. Offer online services

Creative professionals, like designers or marketers, might freelance or consult with other companies, juggling multiple clients, often remotely from their own home office with occasional travel. Others might operate based on appointments and bookings to offer their services to individuals directly.

6. Teach online classes

Chris Carey, one of the founders of MAPerformance, started his automotive parts and services business from the comfort of home. He began by teaching car maintenance and repair tips to online users in forums. After establishing expertise and trust, people started heading over to his ecommerce site to buy parts.

7. Productize your service or expertise

Gabriella and Andrew Morrison started their home-based business by packaging up their expertise around tiny-home living. They sell courses and plans on Tiny House Build and StrawBale.com—operating everything from the comfort of their cozy, non-traditional house.

8. Grow an audience you can monetize

If you’re a content creator, have a sizable online audience already, or have always thought about starting your own blog, YouTube channel, Instagram account, or podcast, then you can potentially grow and monetize your following using any of the previous ideas on this list.

Best Passive Income Strategies 2020

Best Passive Income Strategies 2020

I want to introduce you to ten passive income strategies I personally use to earn $1,000 per month or more. If you’re ready to set yourself up for life, you’ll want to pay attention.

1. Dividend paying stocks and other investments

The first passive income idea on this list does take some start-up cash, but it absolutely helps me earn more than $1,000 per month. Dividend-paying stocks, ETFs, and other investments like Fundrise and Lending Club are helping me earn money around the clock – and all with no work on my part. While the amounts I have invested in these accounts vary, they’re all paying me more than $1,000 per month.

2. Affiliate Marketing

Where investing is a wealth-building strategy that has been around forever, the second passive income option on this list is fairly new. Affiliate marketing is an income idea that requires you to have a website or platform you can use to promote other companies, or “affiliates.” When someone uses your affiliate link to purchase a product or sign up for a service, you get paid.

3. Display Ads

Display ads work like billboards you see on the side of the highway, only they’re featured on your website instead. The point is that advertisers are paying to promote their products — their ads just so happen to be on your website.

4. CPC Ads (Cost Per Click)

With CPC ads, also known as “cost per click” ads, on the other hand, you get paid when someone clicks on an ad no matter what they do after that. I don’t have to hope and pray they buy something or sign up for anything at all. Every single click puts money in my bank account.

5. Sell leads

While building the website wasn’t passive at all, we made a lot of changes to the website over time to make it much more passive. Eventually, I even decided selling the leads my website generated was a lot better deal than earning commissions when a purchase was made.

6. Create a Digital Product

While courses are digital products you can sell over and over, there are other types of digital products you can dive into. I’m talking about e-books, online instruction guides, and basically anything else you can market and sell online.

7. YouTube Ads

While YouTube ads aren’t nearly as “passive” as some income-producing strategies on this list, they still fit in with the rest of this post. I’m making YouTube videos anyway, so why not post ads that bring in additional revenue? The passive part comes in because I make the video once and earn income over and over as more and more people see it.

Make Money On The Internet 2020

Make Money On The Internet 2020

One of the most time-proven ways to make money online is through your own website. You pick a niche, generate traffic, and then sell your products and services to your audience. Keep reading to learn about different ways to make money online.

1. Make Money With an Awesome Blog

A lot of people start a blog as a way to express their views or as a creative outlet. However, there are many cases of people not only earning a living from their blogs but even turning them into massive companies, like the Huffington Post.

2. Start an Affiliate Website

An affiliate marketing site is built upon recommending or reviewing certain products. 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.

3. Build an eCommerce Website

eCommerce sites have exploded in popularity in recent years. With the prevalence of platforms like WordPress and WooCommerce, creating an eCommerce site couldn’t be easier. If you prefer dealing with physical products and selling something tangible, then opening up an eCommerce store could be a great fit.

4. Resell Web Hosting

Resell hosting is another great way to make money online. In fact, we offer this service on our sister project Hosting24. Since cPanel is the most widely used tool when it comes to managing a hosting account, it will be easy to attract new users.

5. Create a Digital Course

For example, the online course Learn Scrivener Fast is completely dedicated to helping writers learn the ins and outs of the Scrivener software. Joseph Michael, the creator of this course, uncovered such a need by reading the comments on Michael Hyatt’s blog.

6. Create a Membership Site

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.

7. Sell Advertising Space

There are many different ad networks to choose from. Google AdSense is probably the network you’re most familiar with. With it, you apply to the network, and once you’re approved you can start adding ads to your site.

Passive Income Sources 2020

Passive Income Sources 2020

Passive income is money that is usually (but not always) received regularly without any or only little effort. You either have to do much, in the beginning, to set up your passive income stream or/and you regularly have to invest at least a bit time, effort or money to maintain that income.

1. Income Idea Through Drop Shipping

With the blast of eCommerce, drop shipping has turned out to be extremely famous. Here is how it works: you make an online store that offers items from certain manufacturers. A person visits your site, orders an item, and your system sends the order request to the manufacturer of that product.

2. Writing Books For Passive Income

Selling books can be an incredible way to create some genuine passive income in the form of royalties. In today’s day and age, once your book is accessible on a site like Amazon, you could get a check every month for doing nothing. The more time you spend promoting your books, the more cash you’ll make online and offline.

3. Income Through Cash Back Websites

This may not be considered as something that will help you go to early retirement. But you can still earn money with no effort required from you. Not to mention that this is completely free. All you have to do is sign up in cashback on shopping websites. They will give back a portion of the total amount that you spend on your purchase.

4. Vending Machine Business

This is one of the often underestimated passive income ideas. But it is a great way to make money especially if you have found the right place to install your vending machine. Consider the number of people going in and out of that place, you will stand a big profit if you have placed the machine in a strategic area. A well-placed vending machine can potentially earn $100 per week or even hundreds of dollars per day.

5. Income From Lending Money

One of the best passive income ideas is to loan money to others and get paid in the form of interest. We’re not saying to loan money to a broke friend who never pays you back. As a private lender, you can lend to anyone in your social circle. For example, many home fix and flip investors need access to a source of capital they can tap into very quickly to fund the initial purchase of their properties.

6. Time Deposit Is A Good Passive Income Idea

You can earn passive income by investing money in fixed deposit accounts. This is one of the best passive income ideas that present very minimal risks. Unlike other savings account, a time deposit has a stated date of maturity. You cannot withdraw such a deposit before the maturity date. The interest rate of this type of savings account is considerably higher compared to other accounts, but it depends on the term and amount placed.

How To Earn Money With Fiverr 2020

How To Earn Money With Fiverr 2020

Finding a part-time job can be tough at the best of times – not least when you’re looking for one that’s flexible enough to fit around your studies and other commitments. But that’s where Fiverr comes in. Fiverr is an online marketplace where freelancers can advertise their services. While you can use the site to find gigs that help with student life, it’s also a great way to make money.

1. Freelance web research

Web researching is one particular time-saving gig that can see you getting paid for your patience. If you’re happy to also do other digital admin tasks like data entry alongside web research, it’s worth advertising your gig as a ‘virtual assistant’ role – this is a common way to make money on Fiverr.

2. Design eBook covers

Being able to spot and capitalise on trends is a very useful skill when it comes to making money as a freelancer. For instance, self-publishing has exploded in the last decade, with thousands of authors plumping for eBook formats to make money from their writing.

3. Sell your social media skills

If you’re a natural at building online followings and creating viral posts on social media, your skills could be incredibly useful to businesses – it could be the perfect way for you to make money on Fiverr. You could also do picture sourcing/editing tasks, or even offer to start up social media profiles from scratch.

4. Proofread student essays

Particularly around dissertation deadlines when students are under heaps of pressure to get their essays finished, having other people proofread their work can be a godsend.You could offer proofing and editing services, bibliography and citation checking, or presentation and layout packages.

5. User testing

If getting insider access to future trends appeals to you, user testing is definitely worth a look. When doing freelance user testing, you could be required to give feedback on everything from websites, games and apps to customer services and complaints.

6. Teach your hobbies

Whether you’ve taught yourself fluent Spanish or your parents made you do piano lessons every Saturday for five years, there’s someone out there who’ll pay to learn from you. If you’re interested in teaching on a freelance basis, think about what you’re interested in and knowledgable about – your niche could be anything.

Work At Home Ideas 2020

Work At Home Ideas 2020

Looking to start a home business? Even if you live in a condo, apartment or smaller house, these business ideas could potentially work for you to start from home.

1. Home internet optimization consultant

Many places in the United States are requiring the internet customers to plug in the wires at their home when they receive the internet box. However, most people don’t set it up properly so they have the best range throughout the house, or their house might be so big that it needs more connection points.

2. Online Tarot Card Reading Business

Online tarot reading can be a really fun business to start from home if you’re interested in Tarots. It is a different approach than bringing someone into a place to do the reading, as you would do the readings online over a video call.

3. YouTube Video Editing Company

More and more people are wanting to start and run YouTube channels as a way to express themselves, but also as a career aspiration. If you have experience editing videos or want to learn and turn that skill into a business, this would be a great niche to choose.

4. Bespoke Knitted Clothing Company

Have a passion for knitting clothes but want to make some money too? Well you could easily start a knitting business. By setting up a website where people could upload the custom designs they want made, you could take custom orders to make for clients.

5. Planner Insert Designer

Planner inserts are growing in popularity among influencers and related brands, as it’s a great way to add value to the customer or potential customer, without spending a lot of money. This company would design these planner inserts according to that person’s personal brand and sell them.

6. Mail Prank Company

Mail pranks have been blowing up over the past few years. They are a hilarious way to prank a friend or foe in an unexpected fashion. By setting up a simple website where people can enter the address for where the prank will be delivered and the type of prank (could range from a glitter bomb to a funny message).

7. Beard Oil Company

Beards are still in style, and it doesn’t look they will be going out of style any time soon. One product that most men with beards have is beard oil. It makes the beard look nice and it can help style it so it looks cleaner.

Side Income Ideas 2020

Side Income Ideas 2020 (1)

One of the best ways to pay off debt faster, boost your savings or make some overall improvements to your finances is earning more income. From babysitting and companion care to tutoring and more, follow along for the best ways to get started earning more today.

1. Online Tutoring

You can put up posters and get the word out locally if you want to work with students in your area or look to online services like Chegg, Tutor.com and others. Tutors can make around $20 to $25 per hour online through well-paying companies.

2. Uber/ Lyft Driver

Driving for a rideshare service like Uber or Lyft is a quick way to turn your idle car into cash. Just apply, add the app to your phone, and wait for ride opportunities to come in.

3. Online services

Fiverr is a gateway to earning from a huge number of tasks. Popular categories at Fiverr include graphic design, digital marketing, writing, video editing, music and audio production, programming, and business projects. Fiverr started with gigs that cost $5, and paid providers about $4 after fees.

4. Babysitting/Companion Care

According to a report from Sittercity.com, babysitters in NYC on average make $20 an hour. Head west to Denver and that amount drops to $17.50. Depending on your location and the number and age of the children, rates can vary. Companion care is like babysitting for older individuals. Some retired people need help around the house, which could include laundry, cooking, doing the dishes, and other personal care tasks.

5. TaskRabbit

TaskRabbit is a service like Lyft or Uber for helping people with various tasks. Taskers, as they’re called, can make up to $7,000 or more per month working full-time. But even if you work part-time as a tasker, the income adds up fast. You set your own rates, and you might charge anywhere from $25 per hour to $150+ per hour depending on your local market and what you can offer.

6. Virtual Assistant

Virtual assistants for blogging businesses, for example, help with a range of tasks including website graphics, podcast show notes, social media postings, and preparing emails. This is great for evenings and weekends, as many online business owners don’t care when tasks are completed. According to Payscale, the average virtual assistant makes $15.35 per hour.

7. Flipping

Flipping is a term for buying items cheaply and reselling them online through websites such as eBay, Amazon, and Craigslist. This is a riskier side hustle, as you have to invest in inventory to sell. However, talented flippers can easily turn spare hours into dollars when they buy and sell the right items.

7 Proven Ways To Make Real Money Online In 2020

7 Proven Ways To Make Real Money Online In 2020

There are different ways to make real money online. In the past years, we have tried most of these money making methods. While some are seasonal, a few of them are evergreen, being able to constantly put money in our wallets at all times.

1. Open an online store.

Platforms like Shopify make it easy for you and me – people without any retail experience – to open an online store and sell physical or digital products. If you’ve already got a blog with decent traffic and loyal readers, you might want to use EDD plugin if using WordPress.

2. Use your website like a job application.

Freelancing is hardly a new thing, but I see so many freelancers spending most of their time trying to find work instead of actually working! A system I stumbled into (that’s been very effective) is using my website like an application. I write publicly – for sites like ShoutMeLoud – and share how to reach me in my bio or in the article. People read these articles, and then go to my website.

3. Live stream for cash.

If you’re already active online – especially if you’ve ever live-streamed or shared videos of yourself – Peeks might be a great option for you. You can live stream advice, expertise, events, entertainment, and more, and people will pay you for it! As with your blog, Facebook page, or anything else, you’ll want to encourage current friends and followers to keep up with you on Peeks.

4. Review apps and websites.

Brands want to make sure their products create great user experiences, and they need real people like you and me to help them. Use a platform like UserTesting and get paid to share your thoughts as you navigate websites and other digital products.

5. Consult online daters.

It’s a mix of those trying to find lifelong companionship and those trying to find… something more short-term. Either way, there’s a huge market for writing effective profiles. And people are often willing to pay you to make sure that short profile represents them well.

6. Become an Online Coach

You can use online services such as Thinkific, Kajabi, or Teachable to launch your online course. For WordPress, you should look at membership software & plugins to launch your course. One of them is Learndash which is a popular solution for launching your video-based membership site.

7. Affiliate Marketing

The product owner does all the hard work (before and after sales), and all you do is drive traffic to it and earn commissions from sales. In most cases, the author goes as far as providing the promotions materials (banners, PPC Keywords, Articles, etc.) for affiliates to simply copy and paste.

Part Time Income Ideas 2020

Part Time Income Ideas 2020

Side hustles are one of the best ways to increase your income so you can pay off debt, save up for a big purchase, grow your retirement savings, or reduce your financial stress. No matter what’s driving your need to find a side hustle, I’ve got 8 of the best side hustle ideas for 2020.

1. Start a blog

If you’re interested in starting a blog, a WordPress blog hosted through Bluehost ($2.95 per month) is the way to go for new bloggers, and if you’re feeling like the setup and installation is a little too overwhelming, check out Launch That Blog. It’s completely free when you go with Bluehost, and you’ll get a free domain name and a ton of bonus freebies from me.

2. Proofread for a living

If you cringe when someone uses the wrong verb tense or can’t tell the difference between their/there/they’re, proofreading might be one of the best side hustles for you to try. Proofreaders are responsible for polishing written content for bloggers, content writers, website owners, and more.

3. Become a Pinterest virtual assistant

You’re probably already familiar with Pinterest – it’s a great place to find recipes, workouts, DIYs, etc. But, did you know that online business owners and bloggers have a high need for Pinterest virtual assistants? This is one of the best side hustles of 2020 because Pinterest VAs make an average of $500 per month/per client doing things like: Creating pins, Optimizing images, Developing a Pinning schedule and Doing keyword research

4. Sell things on eBay

I have a reader who made nearly $85,000 in one year from selling things on eBay. That’s wild. Now, there are no guarantees on the amount you’ll make, but this is one of the side hustle ideas that’s insanely easy to start because you can literally start selling what’s sitting around your house.

5. Walk dogs or pet sit

This is exactly what can happen with sites like Rover – an online platform that is dedicated to connecting pet owners with dog walkers and pet sitters in their area. This goes unsaid, but you have to love pets for this side hustle.

6. Sell on Shopify

Shopify is an easy to use platform for setting up and running your own eCommerce store. And if you’re thinking that it sounds like a lot of work running an online shop, it can be surprisingly passive if you use Shopify for dropshipping.

7. Rent out your car

If you like the idea of Airbnb (renting out a room or your entire house to make some extra income) Turo is like that, but for cars. Turo is an online platform where you can list your car, the dates it’s available, and then rent it out to prescreened customers. Don’t worry, Turo also offers up to $1 million in liability insurance and coverage in the event of theft or physical damage.

8. Complete tasks on TaskRabbit

For a low commitment side hustle, as in one that you can pick up and earn through whenever, doing one-off jobs with TaskRabbit is a great way to make extra money in 2020. Here’s the gist of it… you use TaskRabbit to find individual tasks/jobs that people have listed. It can be moving furniture for $75, mounting a TV for $30, or cleaning a house for $60.