There has never been a better time to make money online.
If you aspire to be a digital nomad and travel the world while making passive income, 2020 is the year to do it. Research shows that remote workers will make up as much as 50% of the entire workforce by 2020, thanks to the ease of making money online.
I believe that the Internet has been the greatest breakthrough in our lifetime. Starting an online business and learning how to leverage the power of the Internet is the greatest opportunity that we have. This is why so many people today are becoming millionaires, multi-millionaires and billionaires.
Here are the BEST 4 ways to make money online in 2020.
1. Ecommerce/Selling on Amazon
The reality is that fewer and fewer people are buying from physical retail stores, like Walmart and Target. Online shopping is the future. Statistics show that online sales reached $7.4 billion on Black Friday. Those numbers didn’t even include the sales from Cyber Monday.
From the comfort of your home, you can literally buy anything online and the products will arrive directly to your door. Amazon is the largest online retailer giant in the world. One of the greatest advantages of Amazon is that they are on the cutting-edge of all of the technological advances. On top of that, they are growing globally on a massive scale.
Amazon’s platform grows 20% every year. As Amazon grows, so too will your Amazon business. Amazon sells books and everything else. Literally. The bigger opportunity on Amazon is selling physical products. In a nutshell, it comes down to deciding on a product that you want to sell on Amazon that has high potential and high demand.
From there, you find a supplier that manufactures that product. You put your own packaging and labeling on that product, get it made by a manufacturer overseas, and have it shipped it to an Amazon fulfillment center in whichever country you are selling in.
Once you set up an Amazon listing, all of a sudden, you have a piece of real estate on Amazon’s website. The great thing about Amazon is that they do a lot of the heavy lifting for you. In particular, the fulfillment and the marketing of your product. You can also leverage Shopify. You don’t get the same benefits of Amazon, but it gives you more control over your brand and products. I suggest starting to sell on Amazon and then eventually transitioning over to Shopify.
2. Affiliate Marketing
The #1 challenge that every company online has is selling their products. That’s why these companies, including Amazon, (JOIN ON AMAZON AFFILIATE) have affiliate programs. Anyone can join these programs and they are free! When you drive traffic to your blog or social media platform and someone clicks on your affiliate link, you earn a commission from that sale.
The great thing about affiliate marketing is that you didn’t have to create a product. Rather, as an affiliate marketer, all you have to do is promote other people’s products. This is why it’s one of the easiest ways to make money online.
In my business, I’m always looking for ways that I can combine and leverage two or more business models. For example, if you are selling a product on Amazon, you are collecting buyers and customers. Ultimately, your goal isn’t just to have a one-time consumer. Rather, you want someone to buy from you again and again. This is why you want to build an email list.
One of the best ways to serve your customers is through affiliate marketing. Through an email list, you can share and promote other people’s products to your existing customers. This is what will allow you to increase your backend. Affiliate marketing is, and will continue to be, one of my favorite ways to make money online.
3. Be An Influencer
The influencer trend has skyrocketed over the last few years. Being an influencer is such a great opportunity because every social media platform is free to use. Anyone can create and share content online with the world. The most valuable thing that you can have on the Internet is attention.
Influencers are people who have built up a following of people. More importantly, they have built a relationship and trust with these people over a period of time. Companies who want to market their products are looking for influencers who can represent their products and share them with their audience, and they will pay people to do so.
The great thing about influencer marketing is that it’s not a saturated market because everyone will relate and connect with someone in a different way. Hence, nobody could ever copy one another because they are each unique and different in their own ways.
For example, let’s say that you are in the self-development niche (which is massive). People don’t necessarily follow you for your content. Rather, they are following you for who you are. Maybe they connect with your story. A lot of influencers, like coaches, YouTubers, bloggers, and podcasters share the same content. The message is the same. However, the way in which they deliver that content differs.
4. Be A Freelancer
For those of you who don’t want to build an online business, I recommend becoming a freelancer. This involves researching jobs that exist online and working for someone else. As the Internet grows, there is more demand and need for companies to hire people to help them work on their businesses.
As a freelancer, you have the freedom to work from home or anywhere in the world, without having the added pressures that come along with being an entrepreneur. Alternatively, if you are in the process of building an online business and need some extra income on the side, you can take the entrepreneurial skills that you’re currently learning and help other companies.
There are a lot of companies that have yet to make the transition to selling their products online. If you have a developed a strong online skillset, you can approach companies and promote your services. People will pay great money and hire you to build their business.
For example, if you know how to publish books on Amazon, do you know how many authors are out there that love writing, but they aren’t good at marketing and publishing?
You could become a freelance publisher or create an agency where you provide a service to authors. This is a great way to trade your money upfront to make an immediate income while you’re building your online business and creating long-term passive income at the same time.
These are the BEST 4 ways to make money online in 2020.
At the end of the day, you need to find which model works best for you. Building an online business isn’t easy, but the payoff is well worth the effort. If you are tired of the 9-to-5 grind and are ready to create life, on your terms, don’t wait. Life is so short. Take massive action and start creating your dream lifestyle today. 2020 is your year. Make it count.