Best Ways To Make Money From Home
Hi! Welcome To Our Topic On The Best Ways To Make Money From Home
Updated July 2020
As the years go by, we come across more and more different ways that you can make money from the comfort of your home and we have compiled a most recent list of about 180 ways you can do this in 2020.
So if you browse through this article and do not find something suitable for you, then make sure to click on the link above to check out the more recent ways that you can achieve this goal.
There are actually numerous ways you can make money, either offline or online. I mean you can earn from stipends(little extras’) to earning bulks (full-time income) depending on your personal situation and needs.
After our due diligent research and comparison, today we will be sharing with you the best ways to make money from home, most especially online.
We will be walking you through this, in no particular order but number #5 is our most recommended.
We will cover the following aspects
>>> Rent A Space
>>>Rent Your Car
>>>Buying And Selling Of Goods
>>>Publish An E-book
RENT A SPACE
If you have an idle space, maybe a room not in use in your house, an accommodation somewhere else, a holiday cottage, or even a car park or garage, especially in the areas that are very busy like cities, close to airports and train stations, then this is definitely for you.
You can use this as a means to generate real-time income, with the availability of online space rental websites.
All it takes is to sign up and enlist with these sites, informing the guests about your space, describing the space, it’s location, facilities included, the price you want to rent it out for and the period.
How can I rent my space, you ask?
when you have enlisted with one or more rental sites, what the site does is to connect you with a prospective customer that matches your listing, then you negotiate with them.
Once you have made a deal, the rental site then takes care of every other detail including making sure your money gets to you in due time.
With sites like Stashbee, you can get to earn up to £300 to £1000 per month for car and garage space rentals depending on the size of your space and duration.
After some diligent research, we came up with these top car space and garage rental websites and will list them below for you to check them out.
With the Park On My Drive site, you get to pay a one-off yearly registration fee for advertising with them.
For rooms, accommodations and holiday cottages these are your best websites options, in our opinion.
This is an American online market place that allows you to rent out short term lodging including holiday cottages, apartments, homestays, hostel beds and hotel rooms.
All you have to do is enlist with them, providing them with a sound picture of the place and how much you want to rent it for.
They, in turn, will provide the guest that best suits your place. You get to meet and relate with the guest before they move in. Airbnb handles every other necessary detail.
Try to make your space very homely and hospitable and the more facilities included the better your chances.
Rent My Space
This is another online platform you can enlist with. They offer both short term and long term. From as little as an hour rental to as much as years.
So even if you want to rent for just an hour, here will be your best option to start with.
Register with them, market your property ( setting your price, description and tenancy preference)
You will then get offers to choose from and make your deal. They will take care of the rest.
RENT YOUR CAR
For those of us who do not have a space to rent, well… Rent your car!
If you have a car you hardly make use of, here is your chance to let it make you some cool cash.
How can I rent my car?
with the availability of car hire online market places, renting out your car can’t get any easier.
All you have to do is enlist with a car rental website, give a description of your car and probably provide photo shots of the car and then your price and car availability.
When someone that matches your description comes up, you will be sent a request for approval.
Below is a list of the top car rental sites(in our opinion) that you can check out for yourself.
Easy Car Club is now in partnership with Turo, another massive peer to peer car sharing marketplace with a community of over 10 million users.
Drivy (Drivy is also now known as Getaround.)
So Let’s say you do not have space nor a car to rent out then what? Don’t give up! We have yet another means for you! How about you try out…
BUYING AND SELLING OF GOODS
Websites like eBay make this possible by providing a great platform where you can get to buy kinds of stuff and then sell then back again a little higher than the cost to make a profit.
If you have been in the buying and selling business then this will be a lot easier for you as you will understand the concept better than someone just starting out.
When starting out for the first time, it is necessary to start out small, get the feel of how this works before proceeding into higher or more expensive products.
Things to consider when starting up buying and selling on eBay
1. You have to sign up and create your account with eBay and will have to pay a given amount of money for sales made.
2. You must have at least 5 to 20 feedbacks. This is essential as no one wants to buy from someone they know nothing about.
So in your best interest to resolve this, try to buy very cheap stuff, say something like £1 for like 5 different items, as some sellers already have automated systems that send out feedbacks once you buy from them.
In the case that you buy something but don’t get feedback, you can write to the seller to ask for one.
Before you do this, always make sure to leave feedback for every one you buy from so that if you don’t get one in return, you can then ask for one from them since you already dropped yours for them.
Try to choose something you are comfortable with and can acquire enough knowledge on how it works, so you don’t end up in just dipping your hand in anything.
You might also want to download the amazon price check app as this can always help you know the value of what you want to sell and how worthwhile it is.
You can also download the eBay app for easier access.
Always remember to start out small, learn how everything basically works then when you start making progress, you can move on to more things.
Best selling products on eBay include video games, bicycle, DVDs and CDs, smartphones etc.
Be advised that every business involves risk-taking, weigh your options very well before starting and invest as little as possible in the beginning.
Buying And Selling With Amazon
For a starter, it will be wise to begin with an amazon basic selling program as you will be starting with very few items.
You can then upgrade to professional when things start picking up, to maximize your benefits.
The basic selling program allows you to sell within 35 items or fewer in a month and you can sell any kind of products ranging from used items to brand new ones in wholesale and retail.
Using this basic program, you can only be charged when you make a sale.
You can benefit from the Fulfilment By Amazon (FBA) centres, as this allows you to store all your goods in their centre and will take care of the packaging and shipping and other necessary details when a customer makes an order.
Other websites you can also buy and sell from include: Gumtree and shpock.
PUBLISH AN E-BOOK
Writing an e-book can be a very good way to generate a long term income also known as passive income.
If you can put together great content that can be very useful to/help people in a particular niche/ interest, then you are definitely on your way to success.
It will be advisable for you to write something based on your own niche/ personal interest as this will be easier for you to create great content on.
You need to put a lot of time and effort into this to make it successful. A reasonable e-book should at least be of about 25pages or more with useful contents.
You can do this using the amazon kindle direct publishing platform and it is free to use.
And according to Amazon, you can get to earn up to 70% Royalties for your e-book.
This is the best lucrative way to make money online and our most recommended method for anyone looking to make a full-time income from home.
This is definitely not a” get-rich-quick-scheme” but one that if and when done right with a lot of patience and perseverance can create an avenue for financial freedom.
So What is Affiliate Marketing
affiliate marketing from a dictionary perspective is defined as a marketing arrangement by which an online retailer pays a commission to an external website for traffic or sales generated from it’s refferal.
Simply put, it’s a process by which you get to market or promote other people’s product or services and when people buy this product or services through you, you earn a commission.
How Does Affiliate Marketing Work
There are four steps or stages involved in this process. This includes having a Niche, building or owning a website, generating traffic and finally Revenue/ income.
This is known as an interest or passion, something you are passionate about. Since one can have more than one interest or passion, it will be better to choose the one that you are most comfortable with, as this is the start-up of building your business.
You will need to have a website, as this will be the sole foundation on which your business is built.
There are online sites that can build and host your site for you. Our best recommendation is the Wealthy Affiliate community platform.
This is the site that we currently use and the best thing about it is that you get everything you need to build and grow your business within the community, especially instant site support which is very important.
With Wealthy Affiliate services, you not only get your website hosted, but you also have the opportunity to build it yourself using their amazing Siterubix platform within 30 seconds.
You get a free subdomain site for as long as you want, and I will suggest you start up with that to try out things before eventually buying your own domain.
You will literally be walked through everything you need to know, from zero knowledge to becoming an expert in your niche.
Generating traffic will be your next step once your site is up and running. And to do this, you will need to write tons and tons of relevant posts on your chosen niche, using the SEO based method and keywords.
This makes it possible for you to rank on Google, and other relative search engines like Bing and Yahoo, and when you do then the traffic starts coming in.
Ranking means being found in the first pages of google, bing and yahoo search engines. Traffic refers to the number of people that visits your site.
Finally, with traffic comes revenue, as loads of people get to visit your site on a daily basis, you will begin to make sales and that start to build up with time. You can also monetise your site through ads.
I know this sounds a bit overwhelming, it is in the beginning but be rest assured that as you progress with the right training and support you will do great.
Though you need to know that to be successful in this line of business takes a lot of hard work, persistence, patience and time.
Well, here we come to the end of today’s topic. We hope you find something that will work for you in these best ways to make money from home.
If not, as I mentioned earlier, we now have a huge list created for this year that you can as well check out for more options by clicking on the link at the beginning of this post.
Kindly share to help others.
If you have any questions / more ways to make money to share with us that are not mentioned here, please do drop them in the comment section below and we will get back to you.