With technology development, we can now work from home for a company far, far away. Home-based jobs (online jobs) are increasing in popularity over the years just because more people have access to the internet, and there are a lot of opportunities to make money online. You can even bet on horses live on such websites as Twinspires.com and try to guess the winner of the Kentucky Derby.
However, choosing what to start with is a tricky thing, especially when there are a lot of scams that you cannot trust. That is why in this article, we will go through some of the legitimate online money-making opportunities that will be trending this year.
- Start a Blog for Affiliate Marketing
Blogging is one of the oldest methods for making money online. However, the primary income on blogs in the past was the revenue they’ve made showing ads on their website. Nowadays, you have more sophisticated methods such as affiliate marketing.
This means that you can advertise products on your blog, and whenever people buy from your link, you get a decent percentage of the transaction. This is an excellent opportunity for niche blogs, who specialize in specially targeted audiences. Pat Flynn is a live example as he is one of the people who are in the blog affiliate business. He published his reports showing that he earned over $2 million in the past year.
- Launch an eCommerce store
If you want to create your own business online, eCommerce is where to go. Even though there is a lot of competition and you will need at least one year before making profits, it is still one of the greatest ways to make a large amount of money online.
You should go for selling physical products, which you will get from China, and sell them to users with huge profits per sale. Of course, it is not that simple, and starting an eCommerce business requires considerable capital to start with, but it is still a business with huge potential.
- Start a course
The last few years were very turbulent. We’ve seen new websites that went from the bottom to the top and a lot of new opportunities to make money. Selling courses is one of them. All you need to do is find something that you are good at and share your knowledge with people that will buy that course from you. Depending on the type of course, the price can vary from $10 to an incredible $2000 per course. The good thing is that you can do it all from the comforts at your home, and you don’t even need to show up on camera if you are uncomfortable, you can just send them PowerPoint presentations or other documents.
- Start Freelancing
As we mentioned before, with the use of modern technology, you can use your skills from your home and be employed at the other end of the planet. Fortunately, you have a lot of options to choose from if you decided to become a freelancer. All you need is a specific skill that you are good at, and a good resume explaining what you can do for your clients. This is becoming a very popular money-making opportunity, as the facts say that over 56 million Americans are abandoning traditional careers and going for freelancing.
- Launch a YouTube Channel
Since video content is booming at the moment, making money through videos that entertain people is a great job, especially if you like making videos. However, there is a new minimum bar set by YouTube in order to be able to make money on their platform. You need to reach a minimum of 1,000 subscribers and 4,000 hours of view time in the past 12 months, which is not that hard. For every 1,000 views, you will get from $2 to $4, depending on your audience. This might not seem like a lot, but if you are making many videos in one month and hit 500,000 views combined, you will make from $1,000 to $2,000 which is great.
These are some of the best money-making opportunities in 2020. There are a lot of other things to do online, and you need to do a lot of research in order to find a job that suits you.