Make Money Online from Home – 7 Investment-Free Ideas in 2020

7 investment-free ideas to make money online from home. The coronavirus pandemic and year 2020 have changed human lives. Job losses caused by the medical emergency has been a serious wake-up call. Many people are back at work and they’ve woken up to the realization that they can no longer rely on one stream of income. 

A decade ago you could go to school, get a job, work your way up in a company and afford a comfortable lifestyle. But that’s not the reality in 2020. If you want to build your dream life you need to start by building multiple income streams. And those income streams can be online, you can do them all from home.

Remember when you’re working a nine-to-five, you’re investing in your company’s success. You need to make sure that you’re spending your five to nine investing in your own personal success as well.

And that investment in yourself can make you money, instead of costing you money. 

In this post, we are going to discuss seven ways to make money online from home for free. That’s right, for free meaning no upfront costs. If you’re looking for ways to make money online with no upfront cost at all, this list is for you. 

Medium.com

Medium is a website where you can write and share articles on almost any subject. It works like a lot of newspapers, on a subscription basis. If you go to medium.com right now, you’ll be able to read articles for free. You have a limited number of articles that you can read until you pay five dollars a month to access the entire website.

This five-dollar membership fee allows people who actually write articles for medium to be paid for their work. And guess what, it doesn’t cost you anything to start writing those articles.

You can jump onto medium and sign up to start writing and sharing articles.

All you need to do is attach your banking information so that they can pay you as soon as your articles go live. Now if you write articles for medium, your pay will depend on how many people actually view your articles and how long they spend reading them.

YouTuber Shelby Church did an experiment where she tested writing articles for medium and

seeing how much she would get paid. The first few articles she wrote on medium didn’t get that many views in traction and she only made a few cents. However the last article that she wrote for them made over six thousand dollars.

You read that correctly. How did her article make so much and how can you follow the same strategy to start earning money on medium.com. Well medium has numerous publications on their website. Publications are curated articles that people submit to them.

These publications have thousands of followers. So if you submit your article to a publication and then they reshare it with their audience, you’ll be getting all those viewers looking and reading your article.

Now if a publication shares your article you actually get all the pay from that article and they don’t take any commission from it. Also there is no limit to the number of publications that you can submit your article to or how many articles you can submit so you’re free to continue writing and submitting your articles to as many publications that you feel are relevant.

Of course not all your articles will be accepted in Shelby’s experiment. There were a few articles that she submitted to publications that were not accepted. However she continued to submit them and eventually one of her articles was accepted into a huge publication with tens of thousands of followers.

Now once it was accepted there it was also picked up by a medium executive and spotlighted on their front page and sent out in an email to thousands of email subscribers.

Once that happened, that’s where that six thousand dollar earnings came from. Of course you can’t expect that every article you write will be featured in a publication or featured by medium themselves. However this is a huge amount of money and she herself said that article took only one hour to write.

While it can be slow to start, medium can be an amazing way to make money online. Especially if you have an interest in writing. Just don’t get discouraged and continue to write as many articles as you can and submit them into publications.

Shutterstock.com

Let’s move on to our second way to make money online from home for free. If you read blogs, watch YouTube videos or create your own content, you’ve definitely worked with stock footage. Selling stock footage is my next suggestion on how to make money online from home.

Stock footage is photos and videos about every possible subject imaginable that you can use  on blog posts, videos or anywhere you share content online. While there are some amazing free stock photo websites, many of them also actually charge by photo and video. One of them is Shutterstock.

If someone wants to use a photo or video from Shutterstock then they actually need to purchase the rights to do so. When they purchase those rights, part of the money goes to the person who originally shot the photo or the video. And that can be you.

Now I want to make something super clear you do not need to be a professional photographer or even have a professional camera to make money selling stock footage online. 

A lot of companies and businesses are willing to pay a good price for stock photos and videos.

If you compare the price of a photo or video that is just HD, you’ll see that 4k costs way more. And if you want to sell stock footage online that’s a strategy that you need to follow.

If you want to make the most money selling stock footage you need to be shooting videos and shooting videos in 4k. Before you freak out thinking that you don’t have a camera that shoots in 4k, I want to remind you that most iPhones and a lot of Android phones actually have 4k video cameras built right into them.

How much money you make actually depends on how many people purchase the rights to your videos. But this is an amazing strategy for someone who’s looking for a passive income source. 

Because once you post the videos you don’t have to do anything, you can just continue to live your life and focus on other ventures. Take more photos or videos and it will still be listed on Shutterstock making you money.

If you have a smartphone or camera you have no excuse to not give this a try.

Reselling Online

The third way to make money online from home is reselling your old clothes, shoes and accessories. The online reselling game has exploded in the last few years. And it is not limited to only selling clothes, shoes, accessories etc. If you make handicrafts or some sort of artwork you can also sell it on online marketplaces. 

Skillshare Courses

Let’s move on to the 4th strategy. The next way to make money online from home is teaching. And I don’t mean tutoring, I mean creating your own course and teaching something on a platform like Skillshare.

I’m going to be honest. Whenever you look up ways to make money online, creating a course is usually there. I never really thought that this was a realistic way for people to actually make money. Because I thought that you would need a lot of credentials and experience before anyone would actually want to take your course.

But I was wrong. I was researching Skillshare on becoming a teacher and came across their FAQ. On average, first time teachers earn $200 in their first month on Skillshare with top teachers earning upwards of $3,000.

Of course that’s not a guarantee, but that was super promising to read. Now I know what you might be thinking. I don’t have anything to teach and that’s probably not true. Most of us have a skill that we definitely can teach others.

It just might take some digging to find it. I say that because Skillshare is a teaching platform that teaches courses on just about anything from animation and all the way to productivity hacks.

For example, one of the most popular courses in the productivity category is how to study

for exams. I don’t mean to downplay the topic ‘studying for exams’. I chose it as an example to show you that there are a variety of things that people are looking to learn.

If you want to teach something, think about a challenge you have overcome. Just browse the skillshare website, whether it’s growing on Instagram, studying for an exam or even learning how to make a perfect cup of coffee. There is definitely something that you know that people want to learn.

Also you need to get over the idea that you need to have specific credentials. If there is a challenge that you faced before and you’ve overcome it, you’ll have the perfect insight as a student to help others learn.

For example when it comes to learning languages, people always suggest that you learn a language from someone who also learned it as a second or third language rather than a native speaker.

Because they’ll actually understand the struggles that you’re going through and what challenges you’re gonna be facing. So if you’ve recently learned something, you’re in the perfect position to teach someone else.

Also one of the best things about making a Skillshare course is that once you create it and yes it is gonna take a lot of time to create the course, it’s passive income. You don’t really need to do anything except often check in and respond to comments or make edits if you need to.

But otherwise it sits there and brings in money.

Instagram

Let’s move on to the 5th strategy which is making money from home online with Instagram. Now before I explain further, I want to say that this does not require you to become an influencer.

Actually you don’t even need to post a single photo of yourself to get this strategy to work. That’s because one of the best ways to make money online with Instagram is by creating feeds accounts. 

Personal Instagram pages are filled with pictures of the owner or photos that the owner has taken.

Themed accounts on the other hand repost photos, videos and other forms of content that are related to a specific topic such as travel. 

If you start and grow a theme page on Instagram, brands and companies will start reaching out to you and paying you to feature their products or advertise for them on your feed or in your Instagram stories.

   With Instagram there is no set pricing model to follow which works in your favor because you can negotiate with companies and brands to make sure that you’re asking for a price that works for you.

You can charge more if your Instagram account has great engagement. Which means how many comments you’re getting, how many likes each of your posts get as well as how many followers you have.

While there is no set price, influencer agencies have done some research and found that the average price of a shoutout for an account with 25,000 to 50,000 followers (note that would be considered a micro influencer) is between Rs 60 to 90k.

Now if you want to grow an Instagram account, it’s pretty simple but that doesn’t mean it’s easy. You can watch as many videos on YouTube as you want about how to grow an Instagram but I’ll boil it down for you. You pretty much need to post, comment and engage!

First what you’re going to need to do is pick a niche. Now I would definitely jump up to Google Trends and do some research first to see what sort of topics, themes and niches are actually growing in popularity.

Once you do that I suggest going to later and signing up for a free account. later is an app that allows you to schedule Instagram posts. This way you can constantly be posting on Instagram without worrying about having to research every day and remembering to actually post things.

Once you sign up for later, I would suggest keeping one day aside a week where you research and find and schedule content to post at least once a day.

Ideally it would be three times but even just once is enough. Make sure to use later to find hashtags that are popular within your niche. If you have time and are really dedicated to growing this Instagram as fast as possible, make sure that you are commenting and engaging with as many people as possible.

Like I said, it’s simple but it’s not easy. If you’re dedicated to making money online from home, you either need to pay for it with money or with time. So if you want to do it for free, you’re going to need to invest your time.

This is better to accept upfront. So that you’ll have more drive and determination when the going gets tough. And you might be losing some motivation but don’t, there is a huge payoff at the end.

And definitely use later to help you schedule posts so that when you’re feeling a little less motivated, you’ll be fine. Because you’ve got those posts ready to go out the next day.

English Tutoring

The sixth way to make money online from home is not related to e-commerce, it is English tutoring. English tutoring is one of the best ways to make money online from home. Average online English teaching pays around 750 to 3000 rupees per hour.

Now when it comes to the qualifications that you need, it depends on what company you’ll be working with. Many companies will require you to have a post-secondary degree. However other companies will just ask that you have a TEFL or IELTS certificate. 

Now you can get a TEFL certificate for free but it is gonna take you some hours to go through the course and actually complete it. While it does take some time to complete, it will definitely pay off in the end.

One of the best things about teaching English online is that you can work as little or as much as you want. That’s right, with many of these companies you can make your own hours. So this is perfect for someone who has a few free hours after their work day. 

Or for someone who is off school for a few weeks and looking to put in as many hours as possible. To give you an example if you choose to work one hour twice a week and then three hours on the weekend you’ll be bringing in 7500 rupees a week. 

That’s five hours of work a week that you can choose to do whenever you like. That will end up being 30,000 rupees a month and if you’re really dedicated to making money online five hours a week is nothing, you can do that.

Affiliate Marketing

Let’s move on to the last method to make money online from home for free. And that is with affiliate marketing. affiliate marketing is a process in which an affiliate that’s gonna be you by the way gets paid a commission for marketing a company’s products.

To earn money with affiliate marketing all you need to do is promote a product and share a very specific link with your audience. That will allow you to receive part of a commission if someone makes a purchase through that link.

If you watch YouTube or if you’re on Instagram you’ll have definitely seen affiliate marketing links before. Many influencers will suggest a product that they use and leave a link down in the description for you to go check and purchase through.

Those are affiliate links. It means that even though they don’t own the product themselves they are actually making a small commission everytime someone purchases through that link. 

Now to make money with affiliate marketing you will need one thing and that is an audience.

You will need an audience to promote your affiliate links to. This audience can be on a number of different platforms. 

Maybe you’re interested in starting a YouTube channel or an Instagram account like we talked about before. Even something like a podcast, the percentage that you earn from each affiliate link really depends on the company that you’re working with.

If you have an affiliate link to something on Amazon, you make between 1 and 10 percent which is quite low. However if you work with small businesses or a lot of independently owned companies, you can actually set the rate and negotiate it.

Choose something that works best for you and the company. Of course it might not seem like a lot but remember this, as an affiliate you don’t have to worry about stocking the products.

You don’t have to worry about packaging it, shipping it or tracking it to the customers. None of that, all you have to worry about when you’re doing affiliate marketing is promoting products that you like. And showing them off in a way that makes others want to purchase them.

Now if you don’t have an audience, don’t despair. I would suggest following the same strategy that I mentioned before with Instagram. 

Ultimately it boils down to constantly posting high quality content. So if you’re looking to grow an audience, I would suggest finding something that you’re actually really interested in.

If you’re dedicated to making money online from home, you will need to put the work in. There’s no way around it. Well that’s the end of my list for ways to make money online from home for free. Let me know in the comments, if there is a strategy that you have never heard about before and you’re excited to try. Thank you so much for reading.