Make Money Online: 15 Best Ways in 2020

Maybe you want to create a separate stream of income to pay a few bills? Or, you’re simply looking for a way to replace your current job? Whatever your reason, there are a ton of different ways how to make money online.

However, be careful — some of those methods can be malicious, as there are many scams or other illegal activities out there.

Below you’ll find more than 35 different ways you can make money online that actually work. Some involve creating your own website, but you’ll also find methods that use the built-in audiences of existing platforms. Onlineshopping24 is a beautiful online shop.

 

How to Make Money Online With a Website or Blog

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.

Here you’ll learn how to make money online with affiliate marketing, products, selling your own physical goods, courses, and a lot more.

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.Huffpost's homepage.

Not every blogger will hit these figures, but if you play your cards right you might have a solid chance of earning money with your blog.

Remember that it’s important to have a long-term vision. You won’t make money right away, but, as your writing improves, your skills grow, and your site picks up more traffic, it’s a definite possibility.

If your goal is to start a blog that makes you money, here are some tips to keep in mind:

  1. Choose a broad topic like health, finance, relationships, hobbies, or personal growth
  2. Always aim for quality and create the best possible source on any given topic
  3. Learn about SEO and how to rank your site in search engines
  4. Build a network with popular bloggers and other influencers

These tips will lead you in the right direction. Once you have a trustworthy blog that gets a large volume of traffic you’ll have many opportunities to monetize your site, such as:

  • Paid advertising
  • Selling your own courses and products
  • Selling affiliate products

2. Start an Affiliate Website

An affiliate marketing site is built upon recommending or reviewing certain products. Then, when a reader buys that product through your link, you’ll receive a commission.

Although it might not seem like a big revenue generator, there are multi-million dollar sites based on affiliate revenue alone.

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.

To start your own affiliate marketing website, join an affiliate program that fits your site’s niche. For instance, if you have a blog dedicated to computers and technology, you can become a Hostinger affiliate.

Hostinger Affiliate Program frontpage where you can learn more about the ins and outs of affiliate marketing.

Take Bitcatcha, for example. This website offers reviews about hosting services, VPN tools, and site builders. Every time it mentions a product, an affiliate link is included in the post.

After signing up for the Hostinger Affiliate Program, you’ll get access to the affiliate marketing dashboard where you can track all of your campaigns. Then, use the provided marketing materials — like banners, ebooks, and infographics — to increase sales.

While Hostinger’s affordable plans help to ensure a high conversion rate, there’s always room to maximize your gain. For that reason, it’s possible to ask for suggestions and advice from your dedicated account manager. They’ll be happy to help you out.

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.

There are two different methods of running a successful online store:

  1. Creating and selling a niche physical product to a dedicated group of buyers
  2. Purchasing cheaper goods manufactured in foreign countries, repackaging them, and selling them at a markup.

The first approach can be very successful, but it does require a passion for the product and the willingness to do a ton of research, product development, and testing.

However, such success of stores like SkinnyMe TeaBeardbrand, and Ratio Coffee shows that you can reach the incredible results with your eCommerce store.

If the first approach seems a little risky for your first online business, then you might consider the second option of reselling popular overseas products. This method involves sourcing a popular product from a platform like AliExpress, repacking the product, and selling it through your own storefront.

Beyond selling the right products you’ll also need to think about how you’re going to ship your products. You can personally handle shipping and order fulfilment yourself. Or, you can employ a popular method called drop shipping, where the manufacturer handles it for you.

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.

Hosting24 frontpage.

The basic idea of reseller hosting is providing a dedicated server space, which you can use to build your very own web hosting brand. It allows you to:

  1. Create cPanel-powered web hosting accounts
  2. Set custom resource limits (i.e., disk space, bandwidth)
  3. Conveniently manage all accounts using WHM

Since cPanel is the most widely used tool when it comes to managing a hosting account, it will be easy to attract new users. The server uptime is also monitored by an in-house administrator team, which ensures stable uptime and availability.

It allows you to focus on user acquisition, rather than the technical aspects of server management. If you’ll have any questions, a dedicated 24/7 support staff will be there to help.

Especially if you’re familiar with how web hosting works, reselling it will be a walk in the park. Who knows, you may become one of the web hosting giants if you put enough effort.

5. Create a Digital Course

It seems like digital courses are everywhere today. So, if you have valuable knowledge that someone would pay for, this could be a great opportunity.

In addition to having your own courses, learning platforms such as BitDegree offer a chance to become an instructor. It’s a unique opportunity to pass your skills and experience to thousands of people who are eager to learn something new.

Signing up to BitDegree.

Digital courses can be produced in a lot of different formats, from simple PDF downloads, all the way up to self-produced video courses that have dozens of hours of content.

Creating online courses could also be a very rewarding plan. Since it’s under your control, there’s no limit to how much money you can make.

Like most other methods on this list, digital courses can be integrated into most styles of websites including blogs, eCommerce platforms, and even affiliate marketing sites.

If you’re looking to create a digital course, but haven’t settled on your topic, it’s a good idea to poll your audience. Often, they can tell you exactly what they’d like to learn and would be willing to pay for.

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. It has since grown into a six-figure income business.

6. Create a Membership Site

Membership sites have exploded in popularity recently and the idea is easy enough to implement. It does, however, require having an existing audience of some sort.

For example, 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.

People are already visiting your website because they like what you write about and how you use your style. So, you can create a membership section of your site that offers premium content.

Now, every single person who visits your site won’t take you up on the offer, but your dedicated fans will find it irresistible.

The type of membership site you create will depend upon the kind of site you run and the level of depth you want to go with your premium content. If you like the idea, check out our guide on how to create a membership website using WordPress.

7. Sell Advertising Space

Google AdSence frontpage.

We’ve all seen sites that use advertising throughout their content. Sometimes the ads are intrusive, but other times they integrate naturally with the content.

Monetizing your site via advertising is usually reserved for when your site is receiving a large volume of traffic. If your traffic numbers are high and only continue to grow, then this option could be worth exploring for some extra cash.

While the amount you’ll get paid will depend upon the network, you’ll usually get paid based upon the number of impressions or clicks.

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. Typically, the payout for Adsense ads won’t be great unless your traffic is in the millions of visitors per month.

There are other ad networks like Ezoic and Media. Both of which have an approval process and site evaluation. These networks also have the benefit of working with you to optimize your advertising revenue.

If you don’t want to work with an ad network you also have the ability to sell advertising yourself. If you have a niche audience, this can be a pretty worthwhile option. Let’s say you have a site dedicated to sleep optimization. Instead of using one of the ad networks mentioned above, you could sell ad space to large mattress companies.

You also have the option of creating sponsored content. This is where a company will pay you to create sponsored content that you would post on your site. Sites like Buzzfeed and Millo have taken this approach.

8. Sell Your Services

Selling services from your website is one of the fastest ways to online money making.

There are two different approaches you can take:

Create an Educational Blog and Offer Your Services

Create a niche blog that contains useful information about a certain topic. Let’s say you have a blog about woodworking techniques, and you’ve built a decent sized email list and got a solid traffic number.

You can add a services page to your site where you offer woodworking lessons, whether in person or through mediums such as Skype.

Create a Basic Website and Pitch Your Services

The other method involves creating a WordPress website for the sole purpose of pitching your services to companies and individuals.

Let’s say you want to be a freelance writer. You need to pick a niche and build your website. Then, create a few pages telling people who you are, the services you provide and showcase a few examples of your work.

Then, start generating leads for your new service business by engaging in guest blogging, podcast interviews, or cold outreach.

If you’re looking to take your service-based business to new heights, then combining the two methods will give you great results.

9. Create a Subscription Job Board

Job boards can be a rather profitable way to earn a living with your website.

The process is simple — people looking to hire someone in a specific niche will post a job listing on your site and your visitors will apply for the job.

The Balance Careers frontpage.

You can either charge people to post job listings. Or, you could charge your visitors a monthly membership fee to access the job board.

Keep in mind that you do need to have decent traffic in order for such a site to work. A company won’t pay to post a job on your site if you aren’t sending any qualified applicants their way.

For example, let’s look at the ProBlogger Job Board. Here, companies and individuals will pay a fee to post a job listing on the site. Then, it’s entirely free for anyone to access and apply for the job. Since ProBlogger is an authority site with a large audience, businesses who post a job will get hundreds of applications for each listing.

When creating a job board make sure you have a solid audience that has a synergy with companies in your space.

10. Create an Online Directory

Online directories aren’t as popular as they used to be, but they can still be profitable.

They work in a similar fashion to the job board above. But, instead of people paying to post jobs, or get access to the job board, they’ll pay you a monthly fee for a directory listing.

If you have an authoritative site or get a lot of traffic, then these listings are pretty valuable.

Let’s say you run a site that’s dedicated to web development and design. You produce high-quality content and have a solid amount of authority. You could create a directory portion of your site where web developers and agencies can purchase a listing.

This will not only provide them with a solid authoritative backlink, but it could be a nice source of traffic for their business.

Usually, directories work by charging a monthly subscription fee to be listed. You could even charge a premium fee to let businesses list themselves at the top of the directory, getting even more eyes on their listing.

11. Sell Your Website

Finally, one of the most profitable ways to make money from your website is to sell it.

Depending on your site, this can be a pretty profitable option.

Empire Flippers marketplace.

On average, your site will sell for a few times more than what you usually receive per month. This number will depend on a variety of factors, but you can generally expect to sell it from 12 to 30 times your monthly passive income.

The following factors will influence the final result:

  1. The age of your site
  2. Your domain authority
  3. How much traffic your site receives
  4. How much profit you generate
  5. Your revenue diversification
  6. The steadiness of your revenue
  7. Whether your site is growing or stagnating

If you’re curious how much sites will generally sell for, then spend some time browsing through the Empire Flipper listings.

Ways to Make Money Online Without a Website

Creating a profitable website is a great way to create a long-term passive income online. However, there are still ways you can start making money online without having to create a website.

12. Publish Kindle Books

If you’ve been dreaming about writing books for a living, then this might be the best time to do it. The self-publishing revolution has made it possible for anyone to make a living by publishing books.

Amazon Kindle Direct Publishing website.

Keep in mind, since there’s a lower barrier for entry, this also means more competition. But, by writing the best book possible, and satisfying reader expectations, you can increase your chances of success.

When publishing your own Kindle books, every aspect of the publishing process is under your control. This means you’re responsible for writing, editing, formatting, getting a cover, uploading it to Amazon, writing your book description, and marketing it.

Here are some tips to improve your success as a self-published author:

  1. Research your niche carefully, make sure there’s a viable book market that isn’t too competitive but it still has a viable audience.
  2. Write the best book possible and hire a professional editor.
  3. Invest in a high-quality cover and book description — these two elements work hand-in-hand when you need to sell your books.
  4. Publish your books as a series and aim to dominate a given market.

Your success as an author is entirely under your control. Write the best book possible and build an email list of your ideal readers. The more you’ll learn, and the more ways to make money will be open to you.

13. Email Marketing

Think about how many emails you get in your inbox every day. A lot of these are probably email newsletters you’ve signed up for. Some you can’t wait to open every day, while others — you wonder how they’ve even reached you.

Drip frontpage – eCommerce customer relationship management platform.

Creating a niche email newsletter can be a great way to reach a targeted group of people and create a solid and sustainable business. Million-dollar businesses like theSkimm were built on the back of a daily email newsletter.

Best of all, starting an email newsletter doesn’t have to be difficult. With platforms like ConvertKitDripMailChimp, and Aweber, it’s never been easier.

Here’s the process for you to follow:

  1. Decide upon a niche you’d like to serve, and the style of your emails
  2. Choose an email marketing provider
  3. Create a simple landing page and drive traffic to that page
  4. Send regular emails to that list

The goal of your email list is to build trust, so your customers would open your emails every day.

Once you have a sizeable list of people that opens your emails you have multiple ways to monetize that list, such as:

  1. Selling your own digital products
  2. Offering a membership course
  3. Sending your subscribers to affiliate offers
  4. Selling sponsorships

14. Freelance on Sites Like Upwork

There are a ton of freelance sites full of hungry clients who are looking for someone with your skillset. There’s more demand for freelancers now than at any time in history.

Upwork frontpage.

Some of the most popular freelancing sites include:

  1. Upwork
  2. Freelancer
  3. Fiverr
  4. Guru

To succeed on these platforms it’s important to establish a niche. The worst thing you can do as a freelancer is brand yourself as a generalist. Since the competition is so high, you’ll want to brand yourself as the only solution to a specific type of client.

No matter your niche, it’s time to build out your profile, create some relevant samples that show off your skills, and start pitching.

If you’re serious about making a living on platforms like Upwork, then spend some time digging through the site Freelance to Win — this site is dedicated to helping you become a highly paid freelancer.

15. Buy and Sell Websites

The process of buying and selling websites is like the process of flipping homes — you buy a house that has investment potential, fix it up, and sell it for a higher profit.

Flippa website marketplace.

The process is pretty straightforward. But, just know that there are risks involved. So, don’t invest money in a site you can’t afford to lose.

Here’s how you buy and sell sites for a profit:

  1. You find an undervalued website that you know you can improve. For this, check out marketplaces like EmpireFlippersFlippa, and We Sell Your Site.
  2. Do your research to uncover revenue and traffic numbers, link profiles, and the real reason why someone is selling the site.
  3. If everything checks out, purchase the site.
  4. Make site improvements to maximize its traffic and revenue.
  5. Sell the site for a better profit.

If you’re interested in exploring this process in-depth, then check out these articles and success stories from Hostinger users:

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