Top 5 Legit Ways To Make Money Online In 2020

Hey, Gabriel Star here! One question I often get asked is: “What are the legit ways to make money online?” In this blog post, I’m going to break down the 5 best methods in my opinion you can use today to make money online in 2020. As usual, there is an accompanying video to go along with this blog post: Without further ado, let’s jump right in!

1. eCommerce

eCommerce is great. I like to think of eCommerce as having your own “mini” version of Amqazon. You can sell products and services (digital or physical) online with little to no investment if done properly. WordPress paired with WooCommerce is free besides your average monthly hosting cost for a website (around $10.) You can make a lot of money if you know how to drive traffic and you have decent profit margins with your products or services on your store. I recommend digital products as there is no cost and you can deliver them for free right to a customer’s email inbox.

2. Website Design Agency/Local Service Based Business

The thing that is awesome about service based businesses is that there is no costs (provided the service can be done for free with only a time investment.) I personally run a website design agency and you can make a lot of money by offering website design. Every business needs a website in 2020 and the years to come, and website design is easy with click and drag content management systems (CMS) like WordPress. The average cost of a starter/basic website for businesses is around $500, meaning if you can just get one client you’ve made $500! eCommerce websites are high ticket/high tier services you can offer for anywhere between $1,000 and $2,000. Another great option would be to launch a digital marketing agency. Lots of businesses need help with their marketing! You can make easy recurring monthly payments by offering monthly service contracts like SEO (Search Engine Optimization) and PPC (Pay Per Click) campaign management. If you can master SEO and you understand how to rank in the Maps Pack (the 3 Google Maps listings in the Google search results) you can make a killing by running a local agency style business in 2020.

3. Coaching (1 on 1)

Are you incredibly knowledgeable about a particular topic? If you are, you may be able to monetize that skill and turn it into a making making machine! For example, if you know a lot about digital marketing you can coach and help other marketers hone their skills for hourly payments. Coaching is a great way to make money while getting paid to talk about something you are already passionate about. If you aren’t knowledgeable about something, pick up some books young grasshopper! Begin to absorb knowledge and be hungry for information. A common trait of wealthy people is that they read every single day.

4. Making Digital/Online Courses

Similar to number 3, making courses is a fantastic way to make money online. You can utilize platforms like Udemy and Skillshare to sell your course easily. While creating a course does take a significant amount of time, the great thing about making digital courses is once the course is made you can proceed to sell that course indefinitely. You can update your course every so often by recording an additional lesson or module, which takes around 30 minutes to 1 hour of time only if done properly. You can rehash information you learned in books, online articles, and YouTube videos and create a course that does a better job of teaching beginners the information. I love courses because there is no monetary cost and you build an asset you can sell over and over again.

5. Renting Out Listing Space In Google Maps Pack

A lot of people don’t know about this one. You can rank a listing without running a business to the top of Google Maps Pack. Once the listing is getting traffic and phone calls, you can then rent or sell that listing as digital real estate. The really cool thing about this method to making money online is that there is no ceiling. Once you rank a listing, just go out and create another one! This is an easy way to make money online without even having to operate your own business. The best part about this one is that you can easily begin to make recurring money every single month from each listing that you are renting out. Once you hit a cap in the city you are in, just begin creating listings in other cities. The choices you have are almost endless for this one, provided you have the ability to rank in Google and the required knowledge about SEO.

Conclusion

Well that’s my list of the top 5 best ways to easily make legit money online in 2020. Please let me know your thoughts by leaving a comment down below! If you have any ideas I might have left out, feel free to reach out and I may add them to this article. Until next time, I’m Gabriel Star signing out. Have a good one.