5 Ways to Make Money Online in 2020

If you need some extra cash, there are several ways you can make money online without even leaving the house. In fact, you could generate a steady stream of income from the comfort of your favorite armchair – or even your bed.

Here are five tried-and-tested methods for making cash online in 2019.

1. Trade in Your Old Phone

44% of American smartphone users say they replace their phone every 2 years.

Although many people upgrade their handsets for newer models, some have old phones lying around the home. If this is you, you could make some extra cash by trading in your old devices.

Websites like Gazelle give you cash for old phones and, depending on the make and model of your device, you could make a nice chunk of change. Just type in your phone details on the company’s website and receive a free quote. It takes less than a minute!

2. Write Online Reviews

Do you like to share your opinion? Some websites will pay you for your views.

Check out Vindale Research, which pays up to $75 if you answer surveys about products you have used in the past.

Then there’s Crowdtap, where you can earn rewards for giving feedback on products and services. Both of these websites let you earn some extra cash in your spare time for giving your opinion.

3. Make YouTube Videos

Ever fancied yourself as a TV personality? With YouTube, you can create your own videos and potentially make lots of money in the process.

The possibilities for making money are virtually limitless: Viewers watch 150 million hours of YouTube every single day.

When you monetize your videos on YouTube, you can earn a slice of ad revenue. Some of the most successful YouTubers – or “content creators” – make hundreds of thousands of dollars a year.

How-to guides, makeup tutorials, vlogs, mini-movies – you can create any time of content you like.

As more people turn to YouTube to make money, competition has become fierce, and there’s no guarantee you’ll earn the big bucks. But building an audience, creating click-worthy content, and engaging with your followers will increase your chances of YouTube success.

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4. Make Stuff (And Sell It on eBay)

If you want to make a bit of money on the side, you need to get creative. If you have a skill or an artistic flair, you can make homemade crafts and sell them on eBay — one of the world’s biggest retail platforms.

How about making your own t-shirt designs from home? Or selling artwork? There are a number of ways you can create your own business from home, even if you don’t have any capital.

Alternatively, use Amazon to sell your stuff. With 310 million active customers, using this platform could prove lucrative. Here, you can ship your products to people around the world – and Amazon can even takes care of fulfillment to save you the trip to the UPS or FedEx store.

5. Create an Online Course

Creating an online course will let you share your knowledge about a particular subject with people across the U.S. and beyond.

Perhaps you have trained in a specific field and now want to help others climb the career ladder. Or you can speak another language. Whatever your skill, creating an online course will provide you with ample opportunities to make cash.

“While building, launching, and marketing an online course does take a considerable amount of upfront effort, their earning potential is through the roof,” says entrepreneur Ryan Robinson.

Check out Udemy which makes it easy to both teach and learn online in minutes.

Want to make money online? Follow the tips above and generate extra cash. All you need is a computer and an internet connection, and you’re good to go! These five hacks won’t turn you into a millionaire overnight, but you could generate some additional income quickly.

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