14 Genius Ways to Make Extra Money in 2020

No one can dispute the fact that money is a huge part of our lives. That’s why we work so hard to get it. Everyone wants to earn some extra money. I don’t care what anyone says, money can buy you freedom in more ways than one. And financial freedom can be a source of real happiness, so in a way, I guess money does buy happiness!

Yes, I know there’s more to happiness in life than just money, calm down. πŸ™‚ However, I bet you will find it hard to argue that when you do not have enough money in your bank account, life gets a little bit harder, no?

For years now, I have been obsessed with finding ways of making extra money. It’s actually part of the reason why I started this blog. From affiliate marketing to blogging to side gigs to launching a full-blown startup and everything in between, I have researched it all. I’d like to think I have become somewhat of an expert, although I know that couldn’t be further from the truth. The more you know the more you realize that there’s just so much to learn out there! And with the internet being what it is, everything changes so fast, so there’ll always be something new to learn every day!

Even so, I have been pretty much obsessed with the idea of helping others figure out how to make some extra cash. I have been turning the idea around in my head for months now, trying to figure out how to even start.

Now that 2020 is finally here with us, I figured there will never be a better time to start. So here we are! As my very first post in this series, I decided to compile the ultimate list of ways you can use to make extra money this year.

So, are you ready to change your life this year? Think it’s finally time to make some extra money? Here is how you can do that!

30 Best Ways to Make Extra Money in 2020

Before we begin, I’d just like to say that not all of these methods are created equal. That’s why I have broken this article down into several sections. You can click on these links to jump directly to the section you want:

Easy Ways to Make a Little Extra Money in 2020

The methods here are all pretty simple. They require very little effort, so if all you need is a quick financial win, this is where you need to start.

Freelance Part-Time Jobs and Gigs that Will Make You Extra Money in 2020

This list contains methods that will allow you to make a more decent income, but they are only income-replacing if you decide to go all-in on them. There are people who earn a full-time income doing these jobs.

Businesses to Start Making Extra Money With in 2020

This list contains full-fledged businesses for those who are not simply looking to make a quick buck. You will not make money overnight with these methods. However, their growth potentials are extremely high, and you can potentially make a lot of money with them. If you are planning to leave your regular job and be your own boss someday, this is the list for you.

Other Ways to Make Some Extra Money in 2020

I’ve set up this section to be a catch-all section, where I will continually add new ideas as I come across them.

Easy Ways to Make a Little Extra Money in 2020

1. Take Paid Online Surveys

What to expect from it: Most survey sites pay an average of $0.5-$3 per survey. You won’t make millions doing this, but making around $100 a month is normal.

Where to start: The best survey sites are Swagbucks, InboxDollars, and Survey Junkie.

A lot of companies use paid online surveys to do their market research. It is a great and cost-effective way for them to get an edge over their competition because it grants them a means of understanding consumer behavior.

The way this works is pretty simple. Let’s say Starbucks wants to get into the fast-food business. The first thing they’ll do is establish who their main competitors are, which, in this case, will be places like McDonalds and KFC.

The next step they’ll take will be to hire a market research company. This company will then try to find out what the market is like and if it can handle another fast-food chain. How will they do this? By conducting surveys of fast-food customers. And the only way to reach a large number of these customers within a short time is to conduct these surveys online.

And that’s where you come in. If you are a potential Starbucks Fast Foods customer, you might be selected to participate in these surveys. Your job will be to try and offer insight into the direction they might potentially take, so for instance, you will help them figure out what established businesses like KFC are not doing or what they could be doing better.

The market research company will then collect thousands of survey responses from people like you, then compile them. By doing this, they’ll start to see trends that they can then send back to Starbucks to inform their investment decisions. In the end, Starbucks will have done its market research at a fraction of the actual cost, and they will end up investing in projects that they know for sure are absolutely worth it.

On the other hand, as a survey participant, you also end up making a bit of money on the side for helping them out.

Now that you know how surveys work, let’s talk about the returns on them. As I mentioned earlier, you will not get rich doing surveys. The usual rate is about $0.5-$3 per survey, although most survey companies pay $1 per survey. This means you have to do at least $100 of them per month to get $100. This is perfectly doable because most of these surveys only take a few minutes to complete. However, yes, it will still take quite a bit of work from you.

Some survey sites also offer sign up bonuses when you join, which is a great way to jumpstart your earning.

There are dozens of survey sites out there. However, because of their nature, this space has gotten a reputation of being rather touch-and-go sometimes. This is why you should only trust survey sites that are well-established and have a reputation of always paying out on time, preferably in cash.

That is why I can only recommend Swagbucks, InboxDollars, and Survey Junkie. They have well-reputed companies behind them, have been in this business for quite some time, and always promptly pay what they owe you.

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That being said, if you want to make money doing surveys online, I highly recommend setting up a separate dedicated email for that. It’s not just a matter of being careful with your personal info (which you absolutely must be when making money online!), but also so that your inbox doesn’t get clogged with promotional emails.

2. Sell your old stuff

What to expect from it: This method is a little open-ended, because the amount of money you stand to make depends on how much stuff you have to sell, the quality of that stuff, and how much of it you eventually end up selling.

Where to start: The best places to start are Declutter for electronics, Bookscouter for books, and thredUp for clothes.

If you have a lot of stuff that you no longer use laying around the house, you can make some quick cash by getting rid of them.

Getting rid of your old stuff can not only make you a little (or a lot!) extra money, it is also just very liberating to downsize and declutter. You will become more productive, more organized, and your space will get a much-needed facelift. It is actually one of the easiest ways to feel less stressed and happier at the same time and make some money while doing it.

I highly recommend Declutter if you have old electronics or video games or even old LEGOs that you will probably never use again. Bookscouter is great for books because it lets you compare prices across different vendors so you can choose the best one. Finally, ThredUp is great for getting rid of all those extra clothes that are clogging up your wardrobe. It is a very easy and cost-effective way of selling clothes online.

3. Install apps that help you save money

What to expect from it: There are a number of great money apps out there. They all work in a variety of different ways, so it all depends on what you are looking for. However, we did a review of the best ones here.

Where to start: The best apps you can use to save money are Dosh, Honey, Drop App, and Digit App.

There are lots of great apps out there that can help you implement little changes in your life that will have a huge impact over the long term.

These apps work in a variety of ways. The best ones give you some cashback whenever you shop, while others help you budget or even earn some money by watching ads.

We already did a review of the best apps to help you save money, so please be sure to take a look at that post if you need more detailed info on these apps. However, here is the long and short of it.

Dosh is a mobile cashback app that helps you earn some cash back whenever you shop at participating outlets. Honey is a browser extension that has an accompanying app. It simplifies the process of looking for great discount codes online to help you save on your shopping.

Drop App gives you gift cards that you can redeem in any of their participating stores. Digit App is a budgeting app that helps you keep track of your spending. It helps you figure out how much to save, and can even automatically move money into your savings account.

4. Get paid to install apps on your phone

What to expect from it: Most of these apps simply run in the background collecting data and then paying you for it.

Where to start: Nielsen Mobile App, S’more, Fronto, Slidejoy, Screenlift.

Admittedly, this method is not for everyone. If you have no problem with some random company somewhere knowing what restaurants you like, then this is a great way to make a few dollars on the side.

If you ask me, Google, Facebook, and all these big corporations already collect our data without our permission and profit off it so I absolutely welcome the opportunity to make some money from my data.

The way it all works is pretty straightforward. These companies will pay you to install their apps. These apps will then run in the background, tracking your spending habits, purchases, or internet usage. The company will then pay you for sharing that information with them. The best part is that all this is completely anonymous.

Some of the apps you can get started with today include the Nielsen app, which is part of the Nielsen company’s research division (Nielsen creates TV show ratings). The information you share with them will help companies better market themselves.

Another great app is S’more. It basically lets you sell ad space on your phone. You will get content and ads on your lock screen, and then earn points daily for as long as you allow the app to remain on your phone. These points can be redeemed for Amazon gift cards, Google Play purchases, Starbucks gift cards, and much more.

Other similar apps include Fronto, Slidejoy, and Screenlift.

Freelance Part-Time Jobs and Gigs that Will Make You Extra Money in 2020

5. Deliver food

What to expect from it: You can expect to make about $5-$25 an hour delivering food. Of course, it all depends on your location, the demand for the product you choose to use, and the overall efficiency of the service.

Where to start: The most popular platforms for online food delivery are Uber Eats, Instacart, Postmates, and DoorDash.

Delivering food part-time is a great way to put a meaningful dent in your bills. And the good news is that you have a lot of options to choose from.

Driving for Uber is a great way to make some money on the side. However, not all vehicles meet Uber’s requirements. If your vehicle falls into this category, you can still make some money with it by delivering food with Uber Eats. It is arguably the Uber of food delivery.

You’ll get to pick your own hours, and you can even do your deliveries using your bike if you do not have a car. It is absolutely free to start, just sign up, wait to be accepted, then start accepting those delivery requests and making money!

Instacart, on the other hand, is specifically made for food delivery. It offers a very cost-effective way for people to get their groceries done and delivered right to their houses.

Your job as an Instacart shopper is pretty straightforward; you will be helping people do their shopping and earning some money doing it.

Postmates is pretty popular because it allows people to use it to get more than just food delivered. You can deliver for Postmates even if you do not have a car because they also have options for bike riders.

So everything from food to groceries to alcohol will be covered by this platform. And the best part is that you can start for free and work as much or as little as you like. You also get 100% of what you earn for each delivery.

Another great platform is DoorDash. What makes this one stand out is the fact that it shows you a guaranteed amount that you’ll get for completing that delivery, so you will always know how much to expect even before you accept a gig.

The best part about food delivery is that if you are good at it, and if your customers like you, you can make quite a lot of money in tips.

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6. Teach a foreign language

What to expect from it: The amount of money you’ll make will depend on your chosen platform and how much experience you have with it. Usually, there are price tiers, with more experienced or more popular teachers making more money than those who have just signed up. Generally, though, expect to make anywhere from $15 to $25 an hour.

Where to start: VIPKID and EF Education First are great platforms that you can use.

What language are you fluent in? Can you only speak English? That’s totally fine too! No matter what language you speak, there is someone somewhere in the world that would pay good money to learn from you.

This is especially true for places like China, where there is a huge market for English teachers. You’ll get to teach kids via online classes and get paid.

There is an even greater need for teachers with some teaching expperience. If you have these qualifications you can start teaching from home.

Some of the best platforms that you can immediately get started with are VIPKID and EF Education First.

7. Petsitting and dog walking

What to expect from it: Most people set their own hours. Depending on your experience and your location, you can expect to make anywhere from $12 to up to $50 an hour.

Where to start: Rover and Wag! are great sites that you can sign up for and get started right away.

If you are an animal lover, this is the perfect way to make some money on the side. If you sign up for either of these platforms, expect to do a wide variety of tasks, including pet sitting, drop-in visits for cats and dogs, dog-walking, boarding, and even pet daycare services.

Of course, you will be the one to pick and choose what you can and cannot do, and you will also set your own rates.

A great pro tip here is to sign up on both sites. That way, you will be available to even more clients in your area, no matter what platform they are on.

8. Rent out that extra room in your house

What to expect from it: This greatly depends on your location, the demand for that location, and what you offer in your listing. Therefore, prices vary greatly.

Where to start: Airbnb and VRBO

If you have an extra room in your house, do not let it go to waste. Instead, use it to make some money!

Even better, are you planning to go on a vacation for a while? Why not let your house make you some money in your absence by listing it and letting that sweet passive income come in while you are on holiday?

Sites like Airbnb and VRBO are perfect for this. All you have to do is sign up and list your place. When someone is looking for a place to stay in your area, they may contact you and pay you to stay at your place!

The best part about all this is that it involves almost zero input from you. Plus, you do not need to spend any money to get started!

9. Rent out your car

What to expect from it: Again, this depends on your location and your car. However, some people make over $1000 a year renting out their vehicles.

Where to start: Turo and Getaround. Get both apps to maximize your earning potential.

This method is actually fairly new, but it has been increasingly getting more and more popular every year. There is even more potential for making money with it in 2020.

If you do not use your car often, you can have other people use it and pay you for it. It really is as simple as it sounds. All you have to do is sign up and list your car on Getaround or Turo and you can start making money!

Businesses to Start Making Extra Money With in 2020

10. Start a blog

What to expect from it: It will take quite some time for things to get off the ground, but once they do, the sky is the limit. There are blogs that make over six figures a month.

Where to start: WordPress is a great platform to build your first blog on. You can get your hosting on platforms like Hostgator and Bluehost.

Did you know that you can make money with a blog?

The site you are on right now is a blog. Blogs started as online platforms that give you the freedom to write whatever you want. Today, you can technically still do that, but they have evolved a little. People are running their blogs as businesses now.

I’ll use myself as an example. My blog is called Mel’s Mommy Chronicles. I write about parenting, finance and lifestyle topics. However, you can write about whatever you want when you start your blog. The general subject that your blog focuses on is called a niche. Your niche is your audience because it is people who are interested in reading about the subject you talk about most that will come to your blog.

In the real world, it’s like having a shop. When you sell coffee, your customers will be people who want to buy coffee. And that same rule applies to every single business, no matter what they sell.

Different people start blogs for different reasons. For instance, I started Mel’s Mommy Chronicles to establish an informative resource for my readers. You may opt to start a fitness blog or something to document your fitness journey and inspire people to join you. Someone else might start a woodworking or embroidery or gardening blog to teach people a skill that they are good at. It is all these different reasons that lead to the wonderful diversity there is in the blogging space.

If you want your blog to eventually make you money, you need to have that goal at the back of your mind as you launch. Your blog should help you connect with people, share your ideas with the world, and make you money doing something you love.

It is important to mention here that blogging will not immediately start making you money. If you are consistent with it, you’ll probably start seeing the results of your hard work in about 6 or so months. The good news is that there is no upper limit to how much money you can make, so it can potentially make you millions!

To make money with your blog, you will need to combine a number of methods to maximize your earning potential. Most bloggers rely on product sales, paid sponsorships, selling courses, dropshipping and affiliate marketing. These are some of the most popular money making methods on the web, but many more exist.

If this sounds like something you would like to try, I highly recommend building your first blog with WordPress (it’s the same platform that Mel’s Mommy Chronicles runs on), then hosting it on Hostgator. I think this is the most cost-effective way of building your online business from scratch.

11. Make money with Facebook Ads

What to expect from it: Your job as a Facebook ad expert will be to help your clients get more customers and increase their revenue. Your success is directly measurable through the results you deliver for your clients, so you can charge accordingly. It is possible to make thousands of dollars every month doing this, and the best part is that this business is highly scalable. This means that the more clients you have, the more money you’ll make.

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Where to start: Facebook has a free introductory tutorial to Facebook ads. Once you get the hang of that, there are many blogs out there dedicated to Facebook marketing that you should check out, too.

If you want to build your first Facebook ads business, you need to think about the small businesses around you. That’s where you are going to get your first clients because there is a good chance they are not taking advantage of Facebook advertising as well as they should be.

Normally, these businesses will have a Facebook page (everyone does these days). However, they will likely not be getting anything from it, meaning a lot of potential clients from Facebook are just not converting to sales. Your job as their Facebook ads specialist is to fix this issue. Make them more discoverable on Facebook and convert Facebook likes they get into paying customers.

The good news about this business model is that it is quite easy to learn the basics of Facebook ad marketing. Anyone can pick this skill up and even land a first client within a few short weeks.

12. Start a Freelance Copywriting business

What to expect from it: It depends on how good your work is and how many clients you manage to land. The sky is the limit!

Where to start0: Upwork and Fiverr are great platforms to get some experience on if you have never gotten paid to write website copy before. However, if you already have the experience, build your portfolio with a blog and start pitching directly to clients.

The internet has brought with it an unending demand for quality copy. If you enjoy writing, you can turn your hobby into a business and make lots of money off it. I actually also offer copywriting services through this blog, so I’d like to think I know a thing or two about this business πŸ˜‰

So how can you get started? Well, you first have to have a good idea about the kind of website copy you want to be writing. Website copy is basically all the blog posts and articles you read online. Your job as a copywriter will be to create that content.

So the first thing you have to do is identify what you are good at. What do you like writing about? This can be literally anything; tech, finance, fiction, relationship advice, you name it. Just be sure to make it something you enjoy writing about because if you are going to be doing this for the long term, you do not want to get bored of it along the way. What would you enjoy writing about if no one was paying you to do it? This is called your niche.

Once you have identified your niche, the next step is to start creating content for that niche. There are two ways to do this. One, you can sign up to content mills and sites like Upwork and Fiverr then offer your writing services. People will pay you to create content for them, and you will get lots of first-hand experience on what it means to write for a client online.

Another way to do it is to start your own blog. With your own blog, you can write whatever you want, however you want, and you will be able to quickly build a portfolio of articles that you can show to future clients.

I suggest you do both these things. Build a website and get paid to write on platforms like Upwork and Fiverr at the same time. You will get the best of both worlds. However, you just have to keep in mind that writing on platforms like Upwork is a means to an end: it shouldn’t be something you want to do long term. You just want to get your feet wet, understand how some clients give their instructions and briefs, and to get used to writing web content.

When you feel like you’ve got the gist of it (shouldn’t take you more than a month), your next step is to start cold pitching directly to clients. If you already have some experience creating web content, you can jump to this step immediately, no need to work your way up through content mills.

Cold pitching involves approaching potential clients and asking them if you can create content for them. This is where your portfolio comes in handy. If they like what you can do, they will hire you. You will then have to rinse and repeat until you have several clients under your belt. The more clients you have, the more money you’ll make.

Pro tip: You can apply this same strategy and use it to start a proofreading/editing business or transcription business.

Other Ways to Make Some Extra Money in 2020

13. Design and sell t-shirts online

If you have an eye for good design, you can probably make some money designing t-shirts online. The best part is that these days, you do not even have to worry about shipping and printer quality. Most platforms only need you to come up with a design and upload it, and they will take care of the printing and shipping. This makes everything so simple!

A great place to start is Teespring.com, where you can design and sell t-shirts without paying any money upfront.

14. Make money losing weight

Yes, this really is a thing now. A site called HealthyWage lets you make a bet on your own weight loss. If you accomplish that goal within the time frame you set, you win the bet. If you don’t you lose. For example, if you bet $30 that you can lose 20lbs in 6 months, you will win anything from $200 to over $500 if you beat that goal. Otherwise, you lose your $30.

Final Thoughts

As much as I would have liked to include them on this list, there are no ways of making quick, easy money with zero effort. If you have found any, please let me know, I would love some free, easy money.

As you can see, all these methods will take a bit of effort and commitment. And that’s ok because working hard and working smart are the only ways you will ever become wealthy. That, and inheriting a family fortune. But if you had a family fortune waiting for you you wouldn’t be reading this, would you? πŸ™‚

With these methods, you will soon be on your road to financial freedom this year. It’s not much, but it’s a solid start. Stick with it and you will be making the kind of money you can only dream of in no time.

If you have any comments, feedback, thoughts, suggestions, or perhaps you just think I should add something to this list, I would love to hear all about it in the comments below! I’m building an ultimate list that I would like to make as comprehensive as possible, so this is definitely a long-term work in progress. So be sure to frequently check back to find out about all the new methods that we will add to the list!

Anyway, I hope this helped. Good luck! πŸ™‚

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