How to Make Online Money Without Investment in 2020

The more money you earn, the better it is. Since you have been living under lockdown for a couple of months, you will naturally find ways to make the right amount of money. Investment is a great way to build wealth, but now it is not possible to block money in stocks and property as the market is sluggish.

There is a high likelihood of losing money. In times gone by, it was hard to get work because there was no Internet access. Now you have to use online means, and you can start making money at the comfort of your home.

Well, do not think that the internet provides you with a shortcut to make money. It does produce more opportunities rather than offer you alternatives to make money. Due to the COVID19 pandemic, most of the people are struggling to keep up with their expenses as cash streams have stopped to flow in, and savings are draining away.

It is why you will have to focus on making money to get back on the financial track immediately. Here is how you can make online money in 2020.

Become a freelancer

Whether you have lost your job or not, you can start working as a freelancer. As you know, you all need to maintain physical distancing to contain the spread of the virus; companies can’t run the business the same way they have been conducting before its outbreak.

Business is crucial, but at the same time, you need to take care of your health, and hence companies have figured out the middle ground. They are hiring freelancers. People from several designations like the content writer, graphic designer, SEO, web designer, web developer, HR executives, and team coordinator can manage work from home. Demand for freelancers has recently hiked up. Create your account on freelancing sites to fetch work. Even though you have a full-time job, you should seek freelance projects.

Create YouTube videos

YouTube is the best video platform especially for trending and controversial topics. If you want to create a YouTube channel, you need to understand your niche, and if you do not narrow down your niche and randomly throw videos in your account, it will not go places. If your videos go viral, you will start earning money from advertisements.

When it comes to making a YouTube video, you can choose any subject. It does not need to be technical. It can be amusing and funny. However, it is a good idea to propagate information on a trending topic. For instance, people are curious to know the facts about COVID19. You can make research-based videos on it. Since this is a trending subject, it is highly likely to go viral.

Be a digital marketer.

The role of digital marketers did not come to a halt even during the COVID19 pandemic. Several lending companies leveraged the digital marketer’s efforts to maintain the presence in search results despite no demand for short-term loans like doorstep loans.

If you have marketing skills, you do not need to apply to a company for a full-time job. It will help if you search for freelancing sites that connect you with companies looking for the freelance digital marketer. It would be best if you also leveraged your links. You can get a client with the help of your friend.

Affiliate marketing

You can earn a significant amount of money by affiliate marketing. It has recently gained popularity. You do not need to have your product by making through affiliate marketing. There are several online merchants like Amazon, eBay, etc. of which products you can promote.

It is merely a process of marketing products of other companies to convince users to buy them and earn commission up to 20% from each sale. The more sales you make, the more commission you will receive.

Write resumes

Resume writing is an excellent way of making money. Resumes need to be impressive enough as they determine the path for an interview. The first thing you need to get shortlisted for a job is a resume.

It must professionally highlight your core skills for the job you are applying for. If you have the skills to write a professional resume, you can offer your services to people. Resume writing provides a considerable amount of money. You will be able to fill the financial gap quickly.

Be a consultant

If you have skills that people need to grow in their career, you can be a consultant and conduct training programs. For instance, if you have command over the English language, you can help students of foreign languages.

Technical skills are highly in demand, like Adobe and Photoshop. You can provide online classes and charge the right amount of training fees if you have the expertise.

Become a social media manager

Many companies struggle to manage social media accounts because they do not have sufficient time. As an entrepreneur, you would naturally try to focus on core activities. Since social media marketing is crucial to engage people, most of the companies are outsourcing these services.

If you are well-versed with social media platforms, you can earn the right amount of money. You will have to handle posting content, leads, shares, comments, blogs, and websites, and will analyze data to find the most effective strategy to grow the network.

There are several other methods to make money online, apart from investments. You need to find out what you are good at and leverage your skills to help people. If you are an expert at something, people will stick to your services. You must know how to promote your skills to convince people to invest in you.