When you’re doing a Google search for ‘money making ideas’, all kinds of crazy stuff can pop up.
The problem is you have to sift through what is a scam vs. what is legitimate.
Don’t worry we did all that work for you and only ever share legitimate money making ideas on our blog.
Here at The Savvy Couple, we are great believers in cutting back your expenses, but there is only so much that you can cut. The next step is to get more money coming in.
More money means less cutting into your budget, and more to spend on your goals.
With that in mind, we will be looking at the best money making ideas of 2020.
Let’s get started!
15 Best Money Making Ideas of 2020
1) Take Paid Online Surveys
If you are new to making money online, taking paid online surveys for money is a great way to dip your toes into the waters.
The reason that we love taking paid online surveys so much, is because there is no upfront cost.
A lot of the time, when you are looking for ways to make money, they require you to spend some money before you start.
Not with surveys! (Side note: never, ever pay to sign up to a survey site).
2) Start A Money Making Blog
Blogging is growing in popularity year after year, and there’s never been a better time to start than now.
We love blogging! Since starting our blog, we have managed to generate enough income for both of us to leave our full-time jobs and be at home together as a family.
There are lots of different ways that you can make money from blogging, such as:
- Affiliate marketing – where you use referral links
- Sponsored posts – where a company pays you to write a post specifically about them
- Products – where you create something and then sell it, such as our budget planner or debt binder
- Services – where you offer a service such as coaching, or virtual assistant work
If you want to get started with setting up a money-making blog, we walk you through how to do it in our course Bloggers Secrets.
3) Learn Skills to Work as a Freelancer
So much is done online these days, there is a plethora of work available to you online that you can do to work from home.
With that in mind, you could look at the different ways in which you could make money, and learn the skills needed to do that.
There are a lot of free courses out there, and with Youtube videos out there, you can learn pretty much anything!
Some good places to start to see what you could offer are places like Fiverr.
4) Make Money Running Facebook Ads
One of the ways that we have grown our site so much is through Facebook ads.
Using Facebook ads isn’t just throwing them up and hoping that it works – there is more that goes into it, and we learned from the best through courses.
Once you know how to effectively use Facebook ads to drive traffic and conversions, you can offer this as a service to other businesses.
A good place to start is with local businesses in your area that you can pitch to, and let them know that you could get them more customers.
The best thing about offering this as a service? You can charge a high premium because it’s something that not a lot of people can do, and want to outsource.
You can charge typically up to $1000 – $2000 per client, per month.
Want to get started? We recommend checking out the course Facebook Side Hustle.
5) Start a Shopify Shop
This is another one that we personally do – we practice what we preach!
Setting up a Shopify store as an additional income stream was an idea that we are very grateful we tried out – it’s been very successful.
There are a lot of products that you could sell via Shopify – we really like digital printables because there is little upfront cost and maintenance needed.
You can also set up a dropshipping business through Shopify too, which would be even more hands-off.
6) Sell or Flip Your Old Crap for Money
As much as we don’t like to admit it, most of us have a ton of things lying around the house that we don’t need or use.
The thing that I love about doing this is that you don’t even need to leave the house to find stuff to sell. It’s already there!
You’d be surprised at what people are willing to buy – so don’t write off anything – try and sell it all.
Our advice would be to start with the bigger, bulky items first so that you make more space in your house and can see the instant change. This will motivate you quite a bit.
We like to sell our old items on places such as Facebook, eBay, Amazon, and Letgo, as well as have a periodic garage sale.
You can learn more about how to turn this into a full-time business with a great course from our friends at Flea Market Flipper.
7) Become an Online Tutor (VIPKID)
When Kelan left his full-time job to work on the blog, he wanted to bring in some extra cash, so did VIPKID.
VIPKID is a company where you will be teaching English to students in other countries.
It’s very flexible, and the pay varies depending on your experience, education, and performance.
You can expect to earn around $14 – $22 per hour. Kelan made close to $900 in his first month doing it!
There is great support from the company, and you can choose the hours that work best for you. They do advise that you work 15 hours per week and are available during peak hours in China.
If you are or have been a teacher, this is an amazing way for you to make money fast in 2020.
8) Make Money Freelance Writing
Do you love to write? If so, this could be the best money-making idea for you.
When it comes to making money, it always helps to do something that you enjoy, or it just becomes a burden.
There are many online sites out there that need content. This is where you can come in!
A lot of the time, the sites need to pump out more content than they are able to do, so they hire freelance writers.
How much you earn depends on which site you are writing for, the niche (some pay more than others) and a variety of other factors.
When it comes to setting your rates, you will want to look at whether you want to be paid per hour, per word or per project.
Holly at Club Thrifty makes over $250,000 a year from freelance writing alone and has a writing course where she guides you through how to get started.
9) Make Money Proofreading
Having said how important the volume of content is for sites, it’s also very important to make sure that the work is correct.
When I say correct, I mean that there are no obvious spelling or grammatical mistakes. This is where a proofreader comes in – could this be you?
If you are good at spotting mistakes naturally, look into this as a way of making money in 2020.
There are a lot of online proofreading jobs out there, and people are always hiring.
You can make anywhere between $20 – $30 an hour on average.
Interested in starting? There is a proofreading course called Proofread Anywhere – a hugely popular course that will get you started and earning that extra money.
10) Start Investing with Betterment, Acorns, or Robinhood
Investing is one of those things that just sounds really scary, don’t you think?
I feel like there isn’t enough of investing in the media and day-to-day life to show people that it’s really easy – and anyone can do it.
Acorns will invest your virtual change for you instead of saving it. You can choose regular payments or choose round up your transactions – investing your change.
Betterment is an online investing platform and is a robo-advisor site.
It will invest your money according to the goals that you set e.g. retirement, saving for a house deposit. The average dividends are about 2%.
Robinhood – we have recently added this to our portfolio to make it a little bit more diverse. We’ve ended up making money so far on our investments, but know that it is a long game.
You can sign up using our link and get a free stock worth up to $200 to get you started.
11) Use Ibotta or Rakuten When Shopping
Ibotta is a free app where you can get cash back on the items that you would be buying anyway.
Heading to the grocery store? Open up your Ibotta app and select the items on there that you were planning on buying. After you’ve bought those specific items, upload your receipt and you will get your cashback.
Rakuten is a cashback site also, but the difference here is that you will be clicking through a link to make your purchase.
Say you are about to buy something online. Head on over to Rakuten, search for the website and then click through and complete your purchase as normal.
You will then get cashback due to going through Rakuten’s link.
12) Find Unclaimed Money
You may not know it, but the government may owe you some money. This may be a money-making idea that you haven’t come across before.
Some ways in which you may be owed unclaimed money include:
- Back wages
- Pension money
- Life insurance funds
- Unclaimed or undelivered tax refunds
- Refund from an FHA-insured mortgage
- Bank failures
- Deposits from credit union closures
Check out the US Government website on the different things you can claim on and how to do so.
13) Become a Driver for Amazon, Post Mates, Lyft or Uber
Have you ever taken a lift from one of these companies, had some food deliveries or things from Amazon?
Chances are that you will have done at least one, if not all of those things. This should tell you the demand for such services.
The hours are generally pretty flexible with these companies, and standard pay (around $25 – $35 per hour). If you have a car, this could be an easy way for you to make money in 2020.
14) Find One-Time Gigs (Facebook and Craigslist)
This is one of my favorite things to do if I am looking for ways to make some extra cash.
If you head on over to Facebook or Craigslist and have a browse, you should be able to find one-off gigs.
Sometimes people just need one thing doing, or need some help with something. It could be anything from helping someone move furniture, to writing an article.
15) Start Any Number of Side Hustles
There are a ton of side hustle opportunities out there for you to get started with today!
We try and share as many as we can on here, and many of them can be done around your children – we know how tough it can be to find the spare time.
A lot of ways to make money fast that we have discussed today are good ideas for side hustles, but there are many more out there for you to choose from. Pick the one that will best suit your life and skills.
Some other side hustle ideas that we love include:
- Dog walking
- Market research
- Donating plasma
- Virtual assistant
Final Thoughts on these Best Make Money Ideas of 2020
When you’ve decided that you want to make some extra money, it can be a bit overwhelming, and you may not know where to start.
Hopefully, we have been able to show you that there is a large variety of ways that you can make money in 2020 that can work for you.
There are things that you can do online or offline if you’re a stay at home mom, and around your current commitments.