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8 Legitimate Ways to Earn Additional Money
from Home in 2020

Money from Home

With modern technology and the Internet widely available, working from home is no longer considered a luxury. On the contrary, it can be more efficient than commuting to the office and it can save you both time and money. These are facts that have recently become obvious to many of those who never even considered working from their private addresses.

The COVID-19 pandemic has forced many companies to allow their employees to work from outside of the company premises. It has also inspired many to reconsider their career options. If you are considering this as a permanent option for you, or you simply want to earn some extra cash on the side, here are a few things you can try this year.

Freelance writing

Quality content is worth solid gold in these times. Marketing has mostly moved to the online sphere, and the competition is tougher than ever. Not only that, but people are also reading everything online, from how-tos to books. So, if you are good with words and know how to do quality research on various topics, consider freelance writing as a way to earn additional money. To take this further, learn how to become a freelance writer.

To get started, sign up with various platforms, such as Upwork and Fiverr. After you do a few good articles, you will be able to build your portfolio and gain attention among the clients.

Data entry

Unlike freelance writing, data entry requires far less creativity. The accent here is on being precise and accurate. Many people even take on data entry as a full-time job. The key skills you need for occupying such a position are fast typing speed, basic software knowledge, good written communication skills, and high levels of focus. You can find your first task on Upwork, but you can also try with The Smart Crowd and Clickworker.

Options trading

Money from Home

Options trading is popular because it is flexible. It allows you to profit in different market states, with minimal risk, and all that in only a few hours. Unlike with day trading, you are not locked in front of a computer for the entire day. The only question is how to earn additional money by becoming an options trader if you feel this is the job for you. Youz can start by finding an online broker and collect some funds to invest.

Affiliate marketing

Affiliate marketing is an easy way to earn money on the side. Your mission here is to generate traffic to the merchant’s website. The commissions are earned directly from referrals or brands. Some affiliate programs give compensation per referral, while others are organized as continuing revenue for the lifetime of the referred client’s contract. For instance, BigCommerce commission rates begin at 200%, but the more referrals you make, the larger the commission you’ll get.

Test websites and apps

Even the micro-businesses have a website and many of them also have apps like Survey Junkie. Most of them are always looking for feedback so they could improve on the user experience and, consequently, increase their revenue. Using the UserTesting platform, you can make up to $60 per test. It is very simple to use – just sign up, choose a site or an app, complete the tasks in front of you, and share your opinion.

Transcription Services

Money from Home

Quick typing opens up many doors in the online job market. One of the easiest jobs out there is giving transcription services. All you need to do is transcribe audio or video files to text. You can find this type of tasks on websites like TranscribeMe and Rev. If you speak a foreign language, consider a similar position as a translator for an even better fee. 

Virtual assistant

Many small businesses and professionals require a personal assistant. However, not many of them can afford to hire a full-time assistant, so they often decide to hire a remote worker to handle administrative tasks. The job of a remote assistant includes various tasks, such as taking messages, making travel arrangements, and scheduling appointments. It does not entail special education or skills, but it would be useful to be good at multitasking and organization.

YouTube channel or podcast host

YouTube has been an alluring platform for making money from home for a long time. If you have an interesting topic to cover or a skill you want to share, you need to master the basics of video shooting, upload the videos, and try to get as many views as possible. If you don’t feel comfortable being on the screen, podcasts are becoming equally lucrative ways to share your thoughts and knowledge with an audience. Read this comprehensive overview of how to launch a wildly successful podcast including what podcast topics work well and how to monetize your podcast. It includes an unbiased comparison of all major podcast hosting sites and tools... 13+ Best Podcast Hosting Sites and Platforms for 2020 (Free & Paid).

Final thoughts

Money from Home

Anyone can make additional money from home. Of course, your safest bet in 2020 is having basic skills in the digital landscape. However, some classics, such as house sitting, selling your stuff, and telemarketing are still options for those who don’t see themselves in the online sphere.

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