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Proven Ways to Make Money Online Without Investment in 2020
We all know that one person who got us fascinated, at some point or another, with how they make money from the internet. In most of the cases, it is because we don’t actually know ‘how’ they do it. Above that, the economic downturn due to the Covid-19 pandemic has got most of us thinking hard about it. Thus, some of you may have assumed it is an easy shortcut while others may be draining their energy on finding out ways to make money online without investment, as the year 2020 has got us doing. Above that, with India being the largest country to have been imposed a lockdown upon, with 1.3 billion people, making money online is a necessity.
7 Ways to Make Money Online Without Investment
Be that as it may, here’s a fact check: earning money online is simple but not easy. However, by putting the right amount of work and adaptability, be it for short-term or for the long-run, these ways to make money online without investment can work wonders for everyone. Regardless of your age, profession, and any other barriers.
1. Create Videos
Yes, it is exactly as it sounds. With YouTube being the second most popular social media platform, above that, a free outlet, creating and publishing videos is easier than ever. You can create educational content and share your expertise, you can showcase your skills and talents (such as poetry, standup, or music), or you can simply share your opinion and connect with viewers.
With the world restricted in their homes, there are around 2 billion unique YouTube users monthly. All you need to reach them is quality and authentic content, a video recorder, and an internet connection, and you can earn a fortune at the comfort of your home.
2. Online Surveys
If you are looking for some quick money, taking online surveys for companies is for you.
As the 2020 pandemic has hit the world’s economy, employees and entrepreneurs are greatly affected all over the world. Also, with the increasing changes in demand and customers’ buying habits, it is coming to be difficult to understand the same and aligning them with businesses. Therefore, companies are more focused on getting real results from online surveys. It is one of the entertaining ways to make money online without investment. However, it is important to read the Terms and Conditions of companies as this method of earning involves risks of fraud higher than other methods.
Started in 2009, Freelancer changed the earning dynamics worldwide. During the initial years, it was complicated to understand how remote working via Freelancing will work. But with the increasing digitalization and decreasing reluctancy, Freelancer became one of the most popular and biggest platforms to earn money online.
You can make the profile for free, select which skills are your strongest areas, and start browsing for jobs. Also, with the flexibility in features and the platform’s secure nature, you can now check for yourself which employers are verified for payment and which are not.
4. Affiliate Marketing
Businesses are struggling harder than ever to market and advertise their products or services due to the 2020 lockdown. Also, not all businesses can pay for fancy marketing campaigns during such an economic crisis.
Enters: affiliate marketers. This marketing style is easy to learn and a great source of earning revenue at the comfort of your couch. Marketing Gurus call it: earn while you sleep, and it fits. You can start marketing the company’s ads on your blog or social media platform. We suggest fixating whether the payment will be per click or per lead is a good idea to avoid any confusion.
5. Online Courses
Creating an online course, a rather profitable online course is the definition of earning by doing what you love. With the unexpectedly increasing duration of the pandemic thus, lockdown, most of us are either:
- Looking to learn a new skill
- Polishing our old skills we lost touch with
Either way, they are turning to e-learning. Therefore, it is one of the leading channels to earn money online, if you have expertise in a specific field, you can share and teach the same. Also, if profitable, this can turn into a full-fledged career with time.
Also, read: Top 5 courses to earn money online in 2020
6. Start a Blog
Many times you want to share your views or opinions but do not have a decent outlet, well blogging is that outlet. Is there anything you want to share, absolutely anything? From fictional stories to factual articles, you can blog about anything.
Read more: How to start a blog
Once you decide the niche for your blog, you can get the website for free with the help of WordPress. This platform offers a self-hosted and paid website too, but a free one can get you started and comfortable with the blogging. As most of us are in a lockdown or curfew, it will not be that big of a challenge to gain traffic. All you need to do is put your thinking and writing cap on.
While most of us know the importance of the written word and appeal of visual content, the comfort of audio content is being overlooked.
This method of earning money will not only help you engage and connect with your listeners but also work in the long-run. Not many people put the time to read an article or search for a video, but the podcast is one of the most time-saving ways to learn, engage, and inspire.
Bonus: Platforms to earn money online without investment
Now that you’ve decided a way to make money online, these platforms might help you get started in these and any other ways to accomplish the same: