2020 is well under way, and if you are looking for some of the best ways to make money this year then I have you covered. Here is how to make money in 2020.
There are plenty of ways to make money online, and if you are looking for how to make money in 2020 then you are sure to find something that will work for you. Here are some of my top money making methods for 2020.
Matched betting is still my number one side hustle. It is a tax-free way to utilise bookmaker offers to turn a profit, and I have been doing it for a good few years now.
Despite the name, matched betting is not gambling, but rather is a way to make some serious guaranteed profit by utilising the free bet offers that bookmakers offer. Even The Guardian have written about matched betting. I earned £12,000 completely tax free within my first 12 months of matched betting, and I continue to earn money every month.
You can see all my previous matched betting income below. Please note that from January 2017 I have been focusing on growing my business with a provable income, with a lot less time to dedicate to matched betting:
- Month 1 earnings – £1,430
- Month 2 earnings – £1,619
- Month 3 earnings (including a Q&A) – £849
- October 2015 earnings – £1,105 (Remember that month 3 also overlaps into October 2015 as I switched to reporting it per calendar month.)
- November 2015 earnings– £915
- December 2015 earnings – £1,347
- January 2016 earnings – £777
- February 2016 earnings – £393 (on holiday for 2 weeks)
- March 2016 earnings - £701.64
- April 2016 earnings - £622.36
- May 2016 earnings - £1,019.16
- June 2016 earnings - £447.18 (away for a week)
- July 2016 earnings - £689.52
- August 2016 earnings - £491.86
- September 2016 earnings - £279.29
- October 2016 earnings - £691.85
- November 2016 earnings - £773.74
- December 2016 - £0.00 (took a break)
- January 2017 - £473.43
- February 2017 - £514.97
- March 2017 - £214.12
- April 2017 - £394.76
- May 2017 - £481.25
- June 2017 - £249.68
- July 2017 - £158.73
- August 2017 - £301.58
- September 2017 - £427.61
- October 2017 - £203.83 (away for 2 weeks)
- November 2017 - £45.84 (away for most of the month)
- December 2017 - £187.24
- January 2018 - £349.54
- February 2018 - £223.39
- March 2018 - £493.01
- April 2018 - £189.31
- May 2018 - took a break
- June 2018 - took a break
- July 2018 - £139.32
- August 2018 - £301.65
- September 2018 - £121.94 (on holiday)
- October 2018 - £328.51
- November 2018 - £459.31
- December 2018 - £258.45
- January 2019 - £148.37
- February 2019 - £199.84
- March 2019 - £579.54
- April onwards - paused for a mortgage application
20Cogs is a website with a fantastic way to earn money on the side by completing super easy offers which can range from entering Competitions, signing up for Offers, testing online Games and completing Surveys – hence the name.
You need to complete 20 cogs in order to get paid, and the average payout is £200+.
How to make money in 2020 with OhMyDosh
If you like entering competitions, taking out free trials and offers to make money then you will love OhMyDosh!
With plenty of offers and cashback available, you need just £10 in your wallet before you get paid. There are Lightning Deals that pay you within just 3 days.
Start a blog
Blogging is a hobby that many people have been able to monetise, sometimes being able to leave their full time job to blog (that’s what I did!). Blogging is great, whether you want to write about something you are passionate about as a hobby, or you are looking to make some extra money. Some bloggers are making serious cash from their blogs. Check out how bloggers make their money to find out exactly how bloggers earn money.
If all of this sounds good and you aren’t put off by hard work (this stuff doesn’t happen overnight) then you might want to consider making your own blog and seeing how you can successfully monetise it. There are 5 steps to earning money from blogging:
- Decide what to blog about
- Build your blog – here’s how to start a blog
- Create useful, awesome and amazing content
- Get visitors to your blog
- Start monetising your blog
Reselling on eBay and Amazon
If you have an eye for a bargain and love scouring charity shops and car boot sales then reselling might be the perfect side hustle for you.
Reselling, or flipping, is where you purchase an item and resell it for a profit. We are focusing on selling on eBay or Amazon. eBay sellers who are reselling items need to be registered as a business in order to comply with eBay's terms and conditions, and you need to register with HMRC and declare your extra income.
Mystery shopping is a tool used by companies to evaluate their quality of service. Imagine a store knowing that a regional manager would be visiting the store – the store would be on “best behaviour” and the manager wouldn’t know where the store is failing and where they are excelling. So companies employ outside mystery shopping agencies to recruit mystery shoppers to carry out assignments. These shoppers will act like a normal customer and look at certain aspects of the service they receive. The shopper then completes a report after the assignment and receives a payment for doing so. Mystery shopping is a great way to not only boost your bank balance, but a way to enjoy meals out at restaurants completely free!
Learn more about how to become a mystery shopper.
Completing online surveys is a great way to make money online in 2020.
Get free money
Visit my Free Money page which is updated regularly.
These offers are worth hundreds of pounds for testing out new apps, switching energy suppliers and more.