New Year, new you. You’ve resolved to make 2020 the year of change, the year you’ll finally break free from the constraints of the last nine years and live your best life. You’ve decided to ditch your boring job search and start a new career. You’re going to work hard, save your money, and invest wisely. And perhaps most notably, you’ve decided to finally make that big purchase you’ve been putting off: a home of your own.
Now it’s time to act. One of the most significant decisions you’ll have to make this year is how you’re going to pay for that home. If you’ve been waiting to make that kind of investment, it’s time to consider all your options.
Fortunately, there are several ways to earn an income in the year 2020. And most of those ways allow you to make money online from the safety of your home. So you can begin your new career with a bang, rather than a whimper. Let’s explore five ways to make money online in 2020.
Earn Extra Money As a Virtual Assistant
If you’re the creative type, you likely already have a skill that could be monetized online. Whether it’s graphic design, web design, copywriting, or social media marketing, there’s a niche market online for people like you who have a talent for creating. With the right tools and a bit of ambition, you can definitely carve out a niche for yourself and start making some extra cash online. You might even end up being able to generate enough revenue to live on. There are several platforms designed for writers and bloggers where you can find freelance work. The key to transitioning to a successful freelance writing career is to establish yourself as an expert in your field. If you can consistently churn out high-quality content for some of the biggest brands on the internet, you’ll be able to easily find paid work.
Start An Online Store
If you’re the ambitious type, you might consider taking the route of entrepreneurship. Rather than looking for a job, you can begin your own business and pursue a business model similar to eBay or Amazon. There are several platforms designed for sellers who want to do business online, so all you need is a laptop, a WiFI connection, and a bit of creativity to get started.
If your product is something that people want and you can provide a quality service, you can definitely build a thriving business. You might even consider this a more sustainable route than becoming a freelancer. The key is to determine what your product is, what you’re going to sell it for, and how you’re going to sell it. Having a business plan is essential, especially if you want to pursue this route. You’ll need to find a storefront, secure some sort of financing, and then hire some team members to help you get the word out about your business. Once you’ve done that, you can sit back and enjoy the fruits of your labor.
Create And Sell Your Own Products
Another way to make money online is to create and sell your own products. You’re in full control of what you create and when you release it. Whether you decide to launch a physical product like a t-shirt or hoodie, or a digital product like an ebook, podcast or course, you decide on the price, terms, and you keep all the the profits. There are several platforms designed for just that, like Shopify, where you can create online stores and sell your own products. All you need is a laptop, a reliable WiFi connection, and a bit of courage to get started.
The internet is a crowded place, and if your product is unique, valuable, or affordable, you’ll be able to carve out a niche for yourself. The key to this route is to find your strength of character and belief in yourself. You can do this through self-development or through introspection. Either way, find a way to be happy with yourself, because this is what drives self-confidence. When you drive confidence, you drive success.
Start An Online Business With A Friend Or Neighbor
More and more people are seeking opportunities to make money online in 2020. It’s one of the relatively safer and more practical routes to make quick cash. If you’ve got a neighbor or a friend who is willing to join you in an online venture, you can definitely take advantage of that relationship and get them to act as a sales representative for you. If you decide to go this route, make sure you’re both on the same page and understand what you’re getting into. No, you don’t have to take on another person’s debt, but you should both understand what’s required of you to make this work. You’ll need to be available to help each other negotiate terms of deals, and then you can sit back and enjoy your new business relationship.
Sign Up For A Brokerage Account
If you decide to go the traditional route and look for a job, you might consider signing up for a brokerage account. A brokerage account is essentially an investment account that you can use to purchase stocks, bond, and other investment-related products. The majority of brokerage accounts offer online access, so you can look up your portfolio and other account information from the convenience of your laptop. Brokerage accounts are one of the more traditional ways to make money online, but there are several perks to this route.
One great perk of signing up for a brokerage account is that you get to work with some of the biggest brands in the world. Through your account, you can possibly work with some of the most recognizable names in business. If you’re an ambitious type, this could be a great opportunity to establish yourself as an expert in your field. The best part about working directly with companies like this is you get to decide what projects you’ll work on and when you’ll release them. You won’t be restricted to just one freelance writing gig, but rather, you can have multiple opportunities open at the same time. And if you decide to work via a brokerage account, make sure you do your research before you get started.
As you decide what online venture to pursue, consider all the options available to you. Whether you decide to become a virtual assistant, sell your own products, start an online store, or look into investing through a brokerage account, you can make the choice that’s right for you. Don’t forget about all the opportunities that exist outside of these major work-from-home platforms. There’s always affiliate marketing, which doesn’t require you to run your own online store or blog. Or, if you’re looking for an even more passive income stream, you can look into renting out your house as a short-term Airbnb or a long-term vacation rental.