10 Ways to Make Big Money Online 2020 Complete Guide

You are here because you want to learn how to earn money online . And you are in the right place.

If you are looking for legitimate ways to make big money online without first buying an in-depth training course (which always seems to cost 97 Euros) on how to make big money online , then welcome to the best free tutorial on the internet when it comes to making money online. line.

This is my definitive guide on how to make big money online , and I’ve worked hard to keep it completely free.

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10 Cool Ways — How to make big money online (Side-by-Side) in 2020

There is no catch, no gimmicks, and no top sales here.

I share everything I learned over the last decade, drawing on my own experience to earn 20,000 Euros / month or more in secondary income (from my day job side) from online sources like affiliates, courses, freelance work, drop shipping and other ways of making money online that we are exploring in this guide.

Do you want my free guide: how to start a profitable blog in 7 days?

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I’m here to tell you that you can too: you can learn (relatively quickly) how to make money online.

It won’t always be easy, and of course you will have to work hard, overcome mistakes and failures along the way.

But here is the reality; The internet has opened up many possibilities for people, regardless of age, location, or background, to build a sustainable online business or side project that can earn extra money online every month.

And like I said, I have experienced this first hand.

For the past several years, I have been on a mission to experiment with the best ways to create sustainable online income and pursue my dreams of self-employment. And while I’ve seen my fair share of success, things haven’t always been easy either.

Throughout my journey, I have launched four separate online businesses . The former lost me 6,537 Euros in a matter of months, while I completely overestimated the audience size for the latter. They both go off really fast.

But after my first two failures trying to make money online, I started to figure out some important things.

My next self-financed business reached 160,000 Euros in revenue in its first year alone. After testing my own success for the first time, I signed consulting contracts worth tens of thousands of dollars with startups like LinkedIn and Google, launched profitable online courses and grew my blog to more than 400,000 monthly readers and 50,000 Euros / month in secondary income.

All of these ups and downs have given me a clear understanding of what works (and what doesn’t) when it comes to making money online.

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There is no better time than now to build a business and make money online.

With more than 3.2 billion people now actively using the Internet, we are undergoing a massive transformation in the way the world does business. We live in an age where there are no longer limitations on what you can achieve based on geographic location or lack of financial resources.

If you have an Internet connection and a few dollars in your bank account, there is very little that can hinder your additional income online.

There are literally hundreds of smart ways to make money online. From taking surveys online, to renting or selling your old clothes, turning your iPhone over to someone in a different country, and even buying inexpensive products locally, only to resell them for a higher price on Amazon. There really is no shortage of unique ways to earn money online.

But don’t fall into the trap of “easy ways to make money online”

Sounds amazing right? It is. But before we dive in, I need to get to the key point …

There is no online get-rich-quick scheme.

Most of the “quick” and “easy” ways that people talk about when it comes to making money online are not real businesses.

Sure, some of them can be good at creating a few hundred or even thousands of dollars in one-time income. But they are not going to help you unlock financial freedom and achieve complete control of your lifestyle.

At best, these are shortcuts that don’t last forever, and many of the “opportunities” offered by the network marketing giants Herbalife and others offer often turn out to be scams or, at the very least, damage their relationships. personal. And I would never advocate for that.

The Internet has opened many opportunities for forward-thinking entrepreneurs and workers to earn money online. But it has also opened up considerable competition.

Here’s the hard truth: the only ways to make big money online in a lasting way, involve putting in real time, effort, blood, sweat and tears.

This is not to scare you. I just want you to know that this guide will focus solely on ways to generate real sustainable additional income online. Not just a few quick bucks. I want to share all the mistakes I have made that got me to where I am now so that you don’t have to go through them and can build a successful source of income online for yourself.

Don’t get me wrong, there are still many great opportunities to earn money online today. It is that the most common ideas have been chosen much more than a few years ago. To stand out, you have to be smart, look for the best opportunities, and be unique in the way you approach making money online. And I am here to help.

Please note that some of the links below are affiliate links and at no additional cost to you, I will earn a commission. Know that I only recommend products, tools and learning resources that I have personally used and that I think are really useful, not because of the small commissions I make if you decide to buy them. Above all, I would never recommend buying something that you cannot afford or are not ready to implement yet.

So if you’re as excited as I am right now, let’s dive into the 10 best ways to earn real, sustainable money online.

Looking for inspiration to make small amounts of income faster online? Go to the beginning to start at n. 11 for a list of fewer “long-term business ideas” and you’ll get my advice on the safest (real) ways to make big money online that involve less upfront work .

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10 cool ways to make big money online today (aside)

We will start first with the top ten ways to make big money online (with a long-term focus) and a sustainable future.

If you are looking to build a real online business, or start a side business idea that has the potential to really change your life (and you are not afraid to put months and years of work into the business), this should be your start.

Through my years of experience and research, I have consistently found that the following ideas have the best potential for creating a steady stream of recurring income. They will take a lot of effort. But if you are willing to work, they could change your life, as they have for me.

One last quick thing to keep in mind before we dive in: I’m going to talk a lot about your niche for each way of making money online that we cover here. If you’re unfamiliar with this term, all it means is your unique topic, angle, market, audience, or voice that will get people to stand up and take notice of your business.

It’s a competitive space online, and the more you can differentiate what you do from what already exists, the more likely you are to be successful.

Disclosure: Please note that some of the links below are affiliate links and at no additional cost to you, I can earn a commission. When you buy a product using one of my affiliate links, the company compensates me, which helps me manage this blog and keep my 25,000 word definitive guide to starting a blog at no charge to you. Know that I also only recommend products that I personally endorse.

Alright, now with that out of the way, let’s get into my ultimate guide on how to make money online.

1. Create a niche blog (or website) and use affiliate marketing

If there is a niche that interests you and you can build a decent audience around it, starting a blog and using affiliate marketing to generate income is an amazing way to make money online.

I know firsthand that learning how to start a blog (let alone make money from it) can be a huge task.

Once you’ve figured out how to choose a niche to blog for and launched your blog (or niche website), the next step is to figure out which products and companies you can partner with as an affiliate to help facilitate sales of a related product, product. useful for your audience of future readers.

Simply put, affiliate marketing is selling someone else’s product by referring customers to your online store. If you can create content (on a blog) or such a valuable resource for people searching for a certain product and then send it to where you can actually buy it, you will receive a predetermined percentage of each sale.

It takes time and effort, but website owners like me and Pat Flynn of Smart Passive Income have built life-changing careers through affiliate marketing. In fact, Pat even posts her income reports online, showing how she made more than $ 2 million in the last 12 months alone .

Let’s start with the basics of building your niche website and blog, then take a look at how affiliate marketing will work for you.

First, you need to research and validate a profitable affiliate niche. What this means is: Are there companies in your niche that will pay you to send your customers to them?

You can verify this in several ways:

• Become an Amazon Associate and then use the Keyword Planner to find a niche in demand — With over a million different products to choose from and up to 10% commission on the sales you drive, the Amazon affiliate program it’s a great place to start. Explore your available products and see what connects with you. Or go one step further and use Google’s Keyword Planner to quickly research some keywords and see how many people are searching for a specific term. With affiliate marketing, the more relevant traffic you can attract, the more you will get from your site.
• Sign up for a reputable affiliate network: In addition to Amazon, there are dozens of the best affiliate programs for bloggers and even large reputable affiliate networks, like Share-A-Sale, Clickbank, and Skimlinks , that specialize in connecting you. with merchants who are looking for affiliates to sell their products. They charge relatively low commission fees for the privilege of connecting you with merchants, and the merchants on these sites tend to offer much higher commission percentages or set payments in Euros.
• Research individual companies in your desired niche — If possible, it’s always best to become an affiliate directly with a company (if they have an internal affiliate program), as no one else dives into your commission rate. This is the preferred route for most prominent affiliate marketers, including Pat Flynn. Unfortunately, it is also the bulk of the work, as you will have to do the research yourself to see who offers programs (they are usually listed in the footer of the website).

Now that you know your niche and have signed up for relevant affiliate programs, it’s time to build your blog and learn how to write a blog post that can drive traffic your way.

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Start by learning how to name a blog and buy your domain name (like www.Ruubay.com) that works for your niche from a domain registrar like Bluehost, NameCheap, or GoDaddy.

Do you want to start a blog? You will first need to register a domain.

Take 30 seconds right now to get a 65% discount when registering your domain name and hosting with Bluehost, the most affordable and reliable blog hosting provider I’ve used with various websites over the years.

Once you have your domain name, you will need a platform to build your site. While you can choose a free option like Tumblr, Blogger, WordPress.com, or another website builder, these won’t give you the flexibility or authority you need to create a truly successful affiliate site.

Instead go to a self-hosted site (like my blog here is), this means your blog will be hosted on your own server and you have full control over it. There are tons of reputable and affordable companies that you can choose a web hosting plan with to get your website online, like Bluehost, Kinsta, A2 Hosting, Dreamhost, or one of these monthly web hosting services.

Then, once you have ordered your domain name and hosting, it is time to choose a CMS or Content Management System, which will allow you to update pages, create your blog and integrate with all the other services you need. It’s hard to go wrong with WordPress — the CMS works on about a quarter of the internet. Keep in mind that eventually as traffic to your blog starts to increase, it will be wise to invest in a managed WordPress hosting plan from a company with a great service like Kinsta, where all settings are customized and optimized to work particularly well. with WordPress websites.

Now next, you’ll want to pick a WordPress theme from somewhere like Elementor, ThemeForest, Elegant Themes, Qode Interactive, or OptimizePress that you can use today. This is the basic design of your site, which you can then customize with your own branding, copy, and images. That said, you don’t want to come out cheap. It costs less than 100 Euros to buy a theme that will make your website look professional (and you can upgrade to a completely custom design once you start the business). You will also need strong marketing tools to grow your website, like HubSpot’s all-in-one marketing plugin.

Like I said, this process can be a bit overwhelming.

Finally, once your blog is officially launched, it’s time to start creating content that drives traffic to your affiliate partner’s site and also benefits your own blog SEO strategies. This is what I mean by that:

Let’s say I’m an Amazon affiliate for camping gear, and I want to write a thorough and in-depth blog post and review of the “50 Best Hiking Backpacks for Outdoor Adventures.” By running a quick check of the Keyword Planner on the Organic Search Volume I can see that there are about 5,500 monthly searches for the keyword ‘hiking backpacks’ alone. I’ll then start with a summary of the blog post to highlight my unique angle and make sure I’m doing the best job possible answering readers’ questions.

So if my content is so unique and valuable around hiking backpack recommendations, that other reputable outdoor websites are willing to link to it and build page authority, then I would have a very real chance of getting ranked high in organic search for these search terms (i.e. my page will appear first when someone searches for hiking backpacks).

Since it is safe to assume that purchase intent in hiking backpack searches is quite high, the next logical step is for a reasonable number of site visitors to click through my affiliate links and complete a purchase, over time.

While it often takes a considerable amount of time and hard work to grow your affiliate income, if you have the ability to regularly post high-quality content that drives targeted traffic to your website, this online source of income can become quite substantial. I continued my experiment by growing a new blog, called SmartWP on WordPress, into an additional source of income for my business.

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2. Launch and grow a startup

Do you dream of having your own business one day? Building and scaling a high-growth startup, while by far the hardest way to make money online, arguably has the biggest advantage.

By the third quarter of 2017, Venture Capitalists had invested more than $ 61 billion in about 6,000 startups in the US alone.

Money is in the air, and if you can successfully create an online service, tool, or marketplace that meets a growing need in the marketplace, you could be on your way to creating a very valuable business. However, it will undoubtedly require an intense dedication of time, effort and financial resources.

Unlike many of the other businesses that we are going to cover, startup founders face a myriad of variables and hurdles that can get in the way of success.

On the one hand, you want to have a high level of mastery experience within the industry in which your startup will operate. This means a deep understanding of your customers, the problems they face, and an idea of ​​possible solutions that they will be willing to pay for. This is the minimum you need to get started.

After that, you will need to be familiar with the other major players in the space who could be good partners or acquisition opportunities, as well as an intimate knowledge of how to fundraise, market your product, hire and manage the best talent, and stay financially for above the water.

*Phew*

Now this may sound like a lot, but the payoff is worth it.

So where do you start when you build a startup?

The most important thing you need before doing anything else is trouble. What do people need that they don’t have? What solution is there currently to improve? This alone is the foundation of every great startup.

Once you have that problem or need to solve it, the next step is to validate that idea and make sure you really have customers who will pay for it. This means creating a minimum viable product, getting objective feedback from real customers, incorporating updates, testing market demand, and getting price feedback to ensure there is a sufficient margin between your costs and what consumers are willing to pay.

You will need some money to earn money online in this case

New businesses can cost a lot to get off the ground. So with your idea and market validation solidified, there are a few different paths you can take to get your initial ‘start-up’ cash:

• Bootstrap: This means that your business will be self-financing. While not everyone will have the funds to pay for everything they need to start a startup, startup means that you retain 100% control over your company. If you can take your business to an IPO or IPO, chances are you will never have to work another day in your life.
• Launch VCs / Angels / Other Investors: If you need some cash to grow your startup, you’ll want to put together a pitch deck and contact investors who want to give you the money you need in exchange for a stake in your company.
• Join a Startup Accelerator — Another great option is to apply for a Startup Accelerator like Y Combinator, 500 Startups, or TechStars, where a group of investors will help train you, connect you with potential partners, and provide startup cash for a small fee. Stake in your company. Competition is hard to come by, so don’t rely on them as your only way to go.

Once it takes off, it’s all about customer acquisition, market validation, more funding, and growth.

Of course, that’s a simplified version of everything that is needed to build your startup. Fortunately, there is now more support, education, and access to funding for startups than ever before. And a great place to start is with this list of the 101 best free and cheap online business courses for entrepreneurs that I put together.

3. Build and sell software

Right now there is an insatiable need for useful software.

Whether it’s a major consumer app, a specialized app for solving a particular niche problem, or even a time-wasting game that you can play on your phone, you can build a hugely successful business by developing a software that helps people. (Watch the rise of Slack, the team’s communication software that went from a side project to a multi-million dollar company in just 2 years .)

Now, I know what you are thinking. Most of the software and applications you use on a regular basis are made by massive companies or established development studios. Okay, yes. But many successful apps, particularly those in the Apple and Google stores, are created and marketed by individuals and small businesses. In fact, independent developers made $ 20 billion on the App Store in 2016 alone.

There are two basic ways to make big money online by building software products

1. The first one follows the startup route we outlined above: You have a disruptive idea for an application or piece of software, validate the idea with real customers, and then raise money to hire developers or a development studio to build, launch, and scale your software. If you’ve done everything right, your software will be accepted in Apple and Google stores and you’ll earn money every time someone downloads it or pays for a premium feature.
2. The second (and cheaper) way assumes that you have the design and skills to develop the software of your dreams. Naturally, it will take longer to get your product off the ground, but being able to jump-start your software development allows you to retain more ownership in your business and have more control of your path, making this a lower cost, but higher investment of time to make money selling apps .

If you’re willing to take the time to learn the development skills necessary to create high-quality software products (or even MVPs to help you get funding), there is a growing list of reputable online learning platforms like Treehouse, CodeAcademy. and Skillcrush to get the skills you need

4. Start an e-commerce site and sell physical products

f finding a better solution to a problem that hundreds or thousands of people have doesn’t seem like an option right now, you’d better set up a virtual store and sell physical items.

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These days, this couldn’t be easier. Sites like Shopify have made it easier than ever to create a powerful, customizable eCommerce site in one weekend and start selling products now.

This is one of the oldest and most proven ways to earn money online.

Many digital entrepreneurs have created sustainable businesses by:

1. Creating physical products that you know people in your niche will love
2. Buy low-cost goods made in foreign countries, repackage or combine them with other products, and sell them at higher prices in domestic online markets.

While you can have higher levels of success if you manage to create and market your own unique product, from my own experience (and that of many other entrepreneurs), I know the extremely high costs and risks associated with starting a business product.

Instead, if you can find a solid product that’s already being made at a reasonable price in a marketplace like AliExpress, LightInTheBox, or DinoDirect and market it to your audience, you’ll have the start of a money-making e-commerce machine.

Now, let’s get into the nitty-gritty of how your online store is going to function.

Whether you are selling your own new products or reselling other products, you still need to consider how much stock you are going to carry, how you are going to finance your initial purchase costs, and where you are going to store your inventory. Remember, even if you avoid paying rent at a store, you still need to store your inventory somewhere.

Good. Not always. There is another option that has become incredibly popular in recent years (and it’s my favorite way to run a product business), called drop shipping.

With drop shipping, you are effectively partnering with a manufacturer or wholesaler to sell your products. This way you don’t pay upfront costs to purchase inventory, you don’t sit on unsold items that take up expensive warehouse space, and you don’t have to deal with shipping the products yourself. Just build your site, fill it with shippable products, and attract customers, with just about everything else done for you.

Of course, there is a higher price per product and your margins are lower, but you can start your online store with little more than a Shopify theme and a few hosted images of your products. When a customer makes a purchase, you in turn buy the product from your supplier, who then ships it directly to your customer.

No inventory. Do not handle products yourself. No shipping by hand. It sounds pretty amazing.

If you want to supplement the sale in your Shopify store with other marketplaces, here are some other highly lucrative options:

1. Made by Amazon: Instead of drop shipping, Amazon allows you to store your products in their own warehouses, making them available for free 2-day shipping to Prime members. Which has been shown to significantly increase sales.
2. Etsy — If you have crafty or artisan products, Etsy is a great market to sell and sell (bonus points if your product is aimed at a more female audience)
3. eBay — The online auction giant is still in the game and especially good at selling electronics, gadgets, clothing and apparel, and accessories.
4. Craigslist — Although it is the least scalable, it can be very profitable and profitable to sell it to people locally.

Just be sure to be very careful in your product listings. Everything from the titles you use, to how effective the description is in convincing potential buyers that your product is better than the rest, and even being careful to take high-quality product photos can have a dramatic impact on your sales. I recommend using photo editing tools like Fotor, which gives you the ability to edit your images, create captivating graphic designs, and more.

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5. Find independent clients and sell your services

If you have a marketable skill, like writing, designing, web development, marketing, project management, or anything else, one of the easiest ways to earn extra sustainable money online is to start freelancing.

And while freelancing may not be as scalable as some of the other ideas we’ve talked about, it’s not uncommon for solopreneurs to create healthy six-figure freelance businesses for themselves. (In fact, I interviewed tons of them on my podcast!)

Today, more than 54 million Americans are choosing to give up traditional careers and start an independent business.

There is a lot of work and clients to find. If you know where to look. To get started, you need to know if there is enough demand on your skill to make it worth the effort of going out and looking for work. Get started by looking for freelance posts on sites like Flexjobs, SolidGigs, Contena, or one of dozens of other skill-specific freelance job boards.

How many posts are there for jobs similar to what you do? If there is a decent amount and there seems to be constant demand, put those skills on a short list and start researching the companies and industries that are hiring.

Freelancing is a proven way to apply your existing skills to earn money online

• Decide what your goal is: Do you want a little extra income or are you looking to work as a full-time freelancer? It takes time to develop a freelance work-from-home business, so it’s important to know your goals up front.
• Find a profitable niche — We’ve talked about this a lot. But where are you most comfortable? In what niche do your skills, values ​​and interests intersect? Do you have 10 years of experience as a technical writer? Do you have long-standing PR relationships that will be invaluable in helping startups launch a successful crowdfunding campaign? Determine what makes your value unique, and lean heavily on showing that strength to your potential customers.
• Identify Target Customers — Write down exactly who you want as a customer, and then start researching those companies and making your list. You will want your portfolio and cold emails to align with the companies you are communicating with
• Set strategic pricing: The $ 37.50 / hour you make from your day job isn’t even close to the hourly rate you should be charging, to create the same net annual income, once you are self-employed. This infographic on calculating your freelance hourly rate can help you decide what to charge.
• Launch, email and sign your first clients — now is the time to go after clients. Mention in your content. Contact them via email or LinkedIn. Tailor your tone to show what kind of value you bring to the table. (You can even read my personal email templates .)

Lastly, remember to always have a strong freelance contract.

For starters, you may be working small jobs, but getting into the habit of not starting freelance work without an established contract can save you a lot of time down the road.

6. Start coaching online and sell your advice

Similar to selling your freelance services, you can also start selling your knowledge and advice in an area in which you specialize as a coach or consultant. If you can bill yourself as an expert, there are tons of people willing to pay for your time.

Being an online coach or consultant is a great way to make money online, as instead of giving your client continuous results (like when you are a freelancer), you are teaching them to be better, faster, stronger than the competition. Your experience becomes the product you are selling.

While not very scalable, online coaching is a great way to build an online business.

Even better, if you can find ways to bundle your training experience and skills into one easily digestible program, you have the potential to significantly scale this business model.

Now if you don’t know the people who want your coaching services, there are a number of tools and online communities that make it incredibly easy to find clients and teach, in just about any subject area you can think of. Community-driven platforms like Clarity.fm and Coach.me give you a network of potential customers to interact with, as well as an integrated payment solution.

And while it is one of the more limited companies in that it can only charge for the time it can provide, many online trainers earn hundreds or even thousands for their packages.

It is also one of the fastest ways to set up and start generating income. All you really need is an account with one of the online coaching communities I mentioned above and experience to share.

7. Create online courses to productize your knowledge

If you’re already an expert on a topic, whether it’s through your current job, freelance business, or coaching, you can bundle that knowledge into a high-value course and sell it for years to come.

And while creating, launching, and marketing an online course requires considerable initial effort, its earning potential is through the roof (especially compared to many of the other online ways to earn money that we’re talking about).

Courses and other knowledge products, such as e-books, are what is called passive income. That simply means that once the initial time and effort is invested, with just a little maintenance and regular marketing, you can continue to sell and make money from them for months and years.

So how do you go about putting together your course? One of my favorite online course success stories comes from Bryan Harris of Videofruit, who created and launched an online course in just 10 days that was worth $ 220,750!

Selling courses online is one of the most scalable ways to earn money online.

To achieve this incredible goal, Bryan followed a four-stage process to discover, validate, and launch his course:

Phase 1: Explore and discover the best topic for your course based on your most popular blog posts. This ensured that you knew that the content was already valuable to your audience.

Phase 2: Validate that people would actually pay for your course by surveying readers and securing pre-orders. (This is an important part that many people forget. Never spend a lot of time building something unless you know there is an audience paying for it).

Phase 3: Quickly write, record and edit course content. Since I already knew there was demand, it made sense to create the content as quickly as possible. You could always go back and update or edit based on your initial students’ comments.

Phase 4: Launch the course on your email list. The success of your course comes down to putting it in front of the right people. And your own audience, however small, is often the best place to start. With that said, you should have a clear idea of ​​your launch plan before putting it into operation.

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Now what if you don’t have a blog with popular posts? Or an email list to market? Let’s see how you can build your own online course without prior experience:

• Start by taking other courses that interest you — not only this important competitor and opportunity analysis, but it also gives you an idea of ​​how a course could or should look and feel. How is the rhythm? Is it via email, video, in-person chats? Once you understand how you want your course to look, it’s time to decide what to include. Those same courses are an excellent starting point. How can you make your course better or more interesting? Do you have experience that others don’t?
• Choose your niche and check the demand — The golden combination of the course is when you can find a niche in demand that aligns with your unique skills and experiences. A great way to do this is to use Google Trends, the Google Keyword Planner, and other key blogging tools to research keywords and find the average monthly search volume for keywords related to the proposed course content. Are people actively looking for high-quality information on this topic? Of course, if you’re already creating content for a blog, a coaching service, or a site like Medium, you can test demand this way for free, just like Bryan did.
• Find Your Specialized Partners, Contributors, and Advocates — As you build your course, look for notable people who are also creating content in the space. Take a look at how your businesses operate and incorporate them into your own plan. You can also reach out to influencers and make them affiliates for your own course. This way you’ll be incentivized to share your content with their own audiences (which can be an important way to generate your first few sales, helps if you’re using one of the best small business CRMs) and start building your own. community!)
• Create an Amazing Course Experience — With your course validated and in the works, you need to find out how people will take it. Most course creators choose to host their courses (after going down the path of learning how to make a website) on their own blogs. In this way, they get all the value of driving customers to their site on a regular basis. I organize my own courses from a subdomain on my own site so I can add more easily. The experience of the course is also incredibly important. And after trying most of the solutions, I recommend Teachable, an online platform designed specifically for courses.
• Build your audience on a course community — If you’re just starting to build an audience for yourself and want to take advantage of communities that are already actively searching for content, you can choose to host and sell your course online on a site like Skillshare or Udemy. These are simple, cost-effective ways to build an audience and test your niche for demand.
• Market Your Course — The beauty of using a course to make big money online is that you can continue to sell it for as long as you want. Look for niche communities on Facebook, LinkedIn, or Reddit that can benefit from your content. Guest blogging on relevant sites. Find any place where you can get in front of the right people. With just a few hours a month, you can continue to generate sales.

At the end of the day, you will need to attract some type of audience to sell your course online, and if you can do it right, you will be on your way to building a very long-term sustainable online business for yourself.

8. Start a YouTube channel to entertain and educate

While YouTube recently changed its monetization schedule, if you can hit its new low bar of 1,000 subscribers and 4,000 hours of watch time in the last 12 months, it’s still an amazing place to make extra money online.

YouTube is possibly the second largest search engine in the world (after Google) and is the third most visited site in the world. In 2017, almost 5 billion videos were viewed on YouTube every day!

Instead of making money through subscriptions, YouTube channels are based on a traditional advertising system. That is, the more viewers you get, the more you earn. Once you have been approved for the YouTube Partner Program and can start including ads on your videos, with every 1,000 views you will get about $ 2- $ 4. Which may not sound like a lot, but if you have 100 videos with 5,000 overlooking the month each one , and that would be $ 1,000 to $ 2,000. Imagine if your videos start to reach millions of views!

YouTube is one of the fastest growing platforms you can make big money online in 2020

Growing a YouTube channel is a lot like starting a blog or website, except you’re working on video, not writing. The first step is to choose what type of videos you are going to create. The most successful YouTube channels fall into one of two categories:

• Educational content — People always want to find the fastest way to learn something new . And YouTube searches, including the phrase “how to”, are growing 70% year over year, making YouTube an amazing place to teach what you know.
• Entertainment: Web series, product reviews, sketch and comedy jokes, vlogs, even video game tutorials — there are many different ways to entertain people through your YouTube channel.

Next, you need to set up and create your YouTube channel. Your YouTube channel is your home base for all of your content. If you already have a Google account for Gmail or Google Drive, you can use it to log into YouTube and start setting up your channel. Choose a username that works for you and is memorable (if you are using an existing Google account, you will have to edit your username on Google+).

You’ll also want your YouTube channel to be easier to find by adding relevant keywords in the “Advanced” section and selecting your target country (where you think the majority of your viewers are). If you have a personal blog or site, add it as an “associated website”.

Now is the time to start creating and uploading content. Make sure you’re using a high-quality camera (most smartphones will work, but I’d suggest at least having a tripod so your footage isn’t shaky), but don’t worry about being perfect at first. The beauty of YouTube is that you can keep trying different content and styles as you find what works for you. Instead, stick to a regular schedule to build your subscriber base.

You can optimize your videos to rank higher by experimenting with attention-grabbing descriptions and previews, as well as using relevant tags. You have to stand out and make people want to click on your video.

As you start posting content regularly, hopefully you’ll start to build a bit of an audience. But to start watching real money from YouTube, you need to market your videos elsewhere. Share your channel on Twitter and Facebook. Distribute videos anywhere else you can think of. Also, interact with the comments and create a community around the videos you are making so that people can share them with their friends.

Once you hit the 1,000 subscriber / 4,000 hour threshold, you can start monetizing your videos by selecting “Monetize with Ads” in the Monetization tab of your channel. While it may take a while to build decent followers for your YouTube channel, it can be a lot of fun to do so and become a constant source of additional income.

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9. Record a podcast and share inspiring stories

Podcasts are very popular right now, and for good reason. With how busy our lives are, more and more people are looking for passive ways to assimilate content. Which makes them a great opportunity to build an audience and earn money online.

And while it will take time to build an audience large enough to attract advertisers and other ways to earn additional income from your podcast, the opportunity is there. John Lee Dumas interviews entrepreneurs seven days a week for his Entrepreneur on Fire podcast and now makes more than $ 200,000 a month. In fact, John posts all of his earnings online and it proved that he has earned nearly $ 13 million since launching in 2012.

The podcast market is constantly looking for new and quality content . And luckily for anyone trying to get started, it’s now easier than ever.

Starting a podcast, like making a YouTube channel or blog, comes down to telling interesting stories and building an engaged audience. I’m probably already sounding like a broken record, but you need a niche that interests you and there is already a demand. Create a list of topics you’d like to talk about, and then search the charts on iTunes, Google Trends, and other podcast research sites to see what’s currently available and popular.

You will need the right tools to make big money online with a podcast

It can be as complicated or simple as you like depending on your comfort with the audio equipment, but at a minimum you will need a microphone and software to record your voice.

Many other brands sell studio-quality plug-and-play podcast setups that can get you recording today, but I personally use the Focusrite setup.

Now is the time to plan your show. If you’re doing an interview-style show, now you’ll want to start getting some guests involved. You can use your existing social network to communicate with people you already know or are connected to on Twitter or Facebook. You can also head over to Medium or Amazon to find authors or experts on topics specific to your niche.

Once you’ve put together a list, come up with an outreach email template (as you will over and over again) that is short and clear on expectations. Tell your potential interviewee who you are, what your podcast is about, and what you’re asking for. Do some test interviews with friends and family to make sure everything is being shot at the quality you want, and then book your first episode.

Consider outsourcing components of your podcast to speed up delivery time

If you like to learn new software or have experience editing audio, you can put together the program yourself. Otherwise, there are many services you can find that will help you edit and build your program in places like UpWork and Fiverr.

Congratulations! You now have a podcast episode that is ready to be uploaded to iTunes, SoundCloud, or anywhere else and promoted along with the rest of your content!

The last step is deciding how you will market and monetize your podcast. The more audience you have, the more likely you are to monetize it. Choose the best website builders to create a simple site for your show and start sharing episodes on your network. When you’re ready to monetize, there are a few options you can choose from:

• Traditional advertising (sponsors)
• Sell ​​your own products
• Donations and crowdfunding
• Selling content “for subscribers only”
• Putting on live shows

As Aaron Mahnke, creator of the Lore podcast says:

“I always tell podcasters to use as many streams as possible. Don’t just sell ads on your show. Don’t just sell T-shirts. Don’t just crowdfund. Do it all. Put it together and find the right combination, and together you add up to something stronger and more reliable. “

10. Join a remote company part time (or full time)

While most of the online money making ideas we’ve covered so far can be done in parallel, if you are looking to completely change your career and start working online, there are thousands of companies looking to hire those who don’t. it matters where you are.

More and more companies and startups are especially embracing remote working, where you use online communication and collaboration tools to get your work done from wherever you want. And you don’t have to be a 20-year-old designer or coder to reap the benefits of working remotely. Many remote positions are for customer service positions or other customer-facing positions that do not require specialized skill sets.

Better yet, they’re not all full-time either, which means you can find a remote company and job that works as a way to earn extra money online.

If you’re interested, here is a list of some of the best websites for finding remote jobs today:

• Flexjobs
• SolidGigs
• We work remotely
• Remote.co
• Remote
• Skip the road
• Virtual locations
• Remote ok
• Staff.com
• Working nomads
• Jobspresso
• Europeremotely
• Jobscribe
• WFH.IO
• Externally
• PowerToFly
• Landing.
• AngelList
• Authentic Jobs
• The muse
• Idealistic
• Indeed

Now, let’s talk about the rest of my picks for the best ways to make big money online .

If you’re looking to build a new career online or test your way to launching a small business, the first ten ways we’ve just found are some of the best long-term plays to make money online. However, for many people (myself included), you probably want to find other quick business opportunities online where you can start to see a quicker return.

Which is a great idea. Of course, making money online requires patience and effort. But there are many proven ways you can start making money today without the long wait of building a startup or starting your own freelance business.

Also, no matter what your career is, it’s important to diversify where your income comes from. This means having multiple sources of income from multiple sources, such as selling your freelance services, affiliate income and liabilities, as well as coaching and other odd jobs online.

This will not only multiply the money you are contributing in a serious way, but it will protect you against any sudden changes in the market or in your business. Remember that old saying about putting all your eggs in one basket? A few hours a week committed to just one or two of the following opportunities will put you in a much stronger position to be financially secure and independent.

So no matter what your specialty or niche is, there is a way to use your skills to bring in extra money online for yourself here:

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Final thoughts on how to make big money online in 2020

With the explosion of online business, there has never been a better time to look for ways to make money online.

From starting a blog to submitting products online, finding great remote jobs, and everything in between, it’s a very achievable goal to create a life online for yourself this year.

My decision to learn how to earn money online has completely changed my life.

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Sure, it has taken me years to get to this point, and A LOT of hard work, but it has been worth it. Today I have a real online business to call my own.

Life-changing endeavors from starting a business to consulting part-time, advising clients, or simply answering surveys can be shocking. There are certainly more than a few ways you can start making money online today and feel more financially secure in your future.

Forget any of your ways to earn money online?

Let me know your own personal ways to earn money online (in the comments below).

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