7 Ways to Make Money from Home in 2020

You’ve probably already seen a number of “get rich quick” schemes that claim to give you ways to be free and work from home. These can be very appealing. After all, being your own boss could be seen a your first step to freedom. Financially AND mentally. The problem with a number of these schemes is that they’re actually a way for the scheme to make money, but not actually normal people like you.

However, the internet has opened up so many channels in the last few years that you can benefit from. You CAN still make money and look to be your own boss. Actually, today in 2020 there are more ways to make money online than you might be aware of. In this article, we’re going to look at them. Not all of these come with the same level of risk. Some might be high-risk, high-reward while others could give you a more steady income. So what are the ideas? Let’s have a look…

1. Buying and selling on eBay

This is one of the most obvious ways to make money online, and it’s been around for a while. You’ve surely heard of it already, but making money on eBay is still a viable option in 2020. There are still lots of people who treat auction sites like eBay as their main source of income. Remember, there are alternatives to eBay, but it is still the biggest and arguably the best.Make sure you find a niche that you can become an expert in and source a good range of products. The hardest part of making money on eBay is actually all the admin that you have to do, like posting stuff.

2. Peer to peer lending

If you’ve got a bit of money that you want to invest, you might like the idea of peer to peer lending. These apps and sites put lenders in touch with borrowers and act as the middle man. The good news for lenders is that you get much better interest rates than with a bank. Yes, there’s a bit more risk, but many of your investments will be covered and backed up, as well as fully diversified. Lending clubs and peer to peer lending have helped thousands of people get better interest rates already, so could you be next?

3. Cryptocurrencies

Cryptocurrencies took the investment industry by storm a few years ago. While they are extremely high risk, there is still money to be made. Just make sure you have a good idea of what you’re doing and never invest more than you can afford to lose.

4. Online gambling

Another high risk strategy, but one that can really pay off. Remember, in some locations you don’t even have to pay tax on gambling earnings. With sites like Casiniabet, you could be onto the next big thing.

5. Programming

There are loads of ways to make money as a freelancer these days, and programming is one of the most in-demand. If you’ve got the skills, you could make money remotely no matter where you’re located.

6. Etsy

Etsy is a bit like eBay except it helps individual craft people sell the things they create. You can build your own cottage industry if you’ve got something or can make something people might like to buy.

7. Customer service

Another freelancing role, more and more people are working remote customer service jobs as businesses try and cut costs of keeping things in house.

There are loads of different ways to make money online in 2020. Which one is for you?