Make Money In 2020 Through These 6 Ways And No Upfront Investment!
We’re all aware that COVID-19 has engulfed the world in a very bad way. Most of us are cooped up in our own homes, and and a lot of business have closed temporarily. The economy of the world is terrible. This may all seem very negative, but there is one thing that we have right now. Yes, and that precious thing, my friend is “Time”.
We all have plenty of time to learn new things while we are in our homes. Other than this, there are many people out there that are taking leverage of their free time by making money. Yeah, that was not a typo!!
There are ways through which you can fully utilize the current time and make a lot of money right from the comfort of your home. Right now, you might be so thrilled to know the ways to make money, so without taking any of your extra time. Let me walk you through the methods that can make your quarantine time fruitful.
Top 7 ways to make money with no investment
Here come the top 7 ways that will make you money and will utilize your time wisely.
1. Start with Drop-Shipping
Well, if you don’t have much knowledge about this, no need to worry. The working of this method is pretty simple.
Now, what happens is that you will be the middleman in this method. All you need to do is find a wholesaler that sells the product that’s in high demand and that you want to sell. You can also choose products as per your preference also. After you’ve chosen the product, you can use your store, or the social media account for advertising the product.
Here it gets interesting, for example, if a customer orders the product advertised for $60, and that product is sold by the wholesaler for $20. You get a clean profit of $40 in the whole transaction. This is AWESOME!! Isn’t it!!
One of the best ways to begin this is through a social media influencer. You can tie-up with one of them and ask them to market the products for you. In return, you can share the revenue with them.
The best thing about the method is that you can scale up faster by earning an unlimited margin. You can sell unlimited products right from the comfort of your home.
2. Print-On-Demand
Well, if you are a superhero fan, then you will be able to understand this faster. The print-on-demand method can be used to sell personalized and customized products to the users. This is pretty beneficial as there are a lot of popular movies and TV series that people like and would surely love to wear themed t-shirts.
Now, what you need to do is find a supplier that does the printing work on t-shirts and clothing. Post this, you can decide on a trending theme for a t-shirt, for example, “Stay at home” or “Beat COVID-19”. You can get these captions printed on the t-shirts and sell them through your social media account.
Now, where is your benefit in this?
If you sell a t-shirt for $50, you pay the supplier $30 dollars for the printing and all. The balance of $20 is your earning.
One of the best ways through which you can begin selling such stuff is targeting the audience you already have.
3. Be An Affiliate Marketer
Well, well, well! Here we are on one of the best track to set your foot on.
The very idea of Affiliate marketing is that you earn money through commissions. There are plenty of affiliate programs online that you can choose. All you need to have is a website.
Now what happens is that whenever a user lands on your website and makes a purchase through the link mentioned on your website. The seller pays you a part of the sales as commission. For example, if a seller (like Amazon) offers a commission of 5% on a product and sells that product for $100. You will be provided with $5 in your account.
The profit margin may seem less but think about 50 customers buying that product in a day, that would make your profit to $250. Look for those websites and platforms that provide high commissions on their products
The best thing about the Affiliate Marketing method is that you need to invest time only once to creating attractive content on your website. After that, you will receive a constant income or maybe more also.
4. Drop-Servicing
Are you a freelancer? Well, if yes, then this method will surely impress you.
The drop servicing method deals with making money by being a middleman between the employer and the freelancer. For example, if you have a work assignment from an employer that pays $100 for that. Rather than doing the work yourself, you can get it done from other freelancers in your contacts. You can pay them a part of those $100 dollars, say $40, and the rest is your earning.
In this way, you can make more money at a much faster speed. All of this while staying on your home couch.
5. Be a Freelancer
If you have a certain skill set like writing, video editing, coding, designing, etc. You can use your quarantine time brushing up your skills and using them to make money.
There are many platforms online that help freelancers get work from employers such as Upwork, Freelancer.com, etc. You can get yourself registered on these networks and start working right now.
If we talk about skills, there are millions of websites online that will provide you valuable content for learning a new skill if you want.
The best thing about the freelancing method is that you don’t need to spend a single penny on it. All that you need is your skills and talent to use them in diverse ways.
6. Leverage the power of YouTube
YouTube is a world master of visual content. There are millions of videos posted on YouTube on a daily basis. And most of all, people earn a lot from posting those videos.
This makes YouTube one of the prime methods to make money during this quarantine time. And if we talk about the earning, it will depend on the type of content you upload, the number of views, and the CPM.
The CPM factor means Cost Per Mille, i.e., the amount paid per 1000 views. Right now, the CPM of YouTube is around $7, which means if you have 10k views on a video per day, you earn $70. The amount earned will also depend on the type of content you post and how trending it is. For example, comedy videos are liked almost everyone, so you can think of making those videos.
Earning through YouTube will be profitable during this time as everyone is living their life by smartphones by their side. Anything that kills their time while entertaining them will do the job.
Wrapping Up
Well, this is a tough time for all of us, we all are in this together. But rather than being fearful; we should look for methods to monetize our quarantine time. This time is very precious and the methods of earning money are hard to miss and easy to grab. You can easily begin your earning right while being at your home and with zero initial investment.
Be safe and stay healthy!