If you want to make $200k a month working online, here are some of the best online jobs that pay a lot of money without a cap to how much they can generate for you. Working online is one of the best things you can do if you really want to experience freedom.
And that’s why I built this blog – to unveil the practical ways to make a lot of money (and not cents) in the online and offline world. Well, and also to make money for myself since I’m pegged in social pressure to… make money like my mates.
But that’s not the subject for now. From your home, you can make so much money just by venturing into these jobs. While they can generate passive income for you (most of them can) $200k isn’t the first revenue goal you want to have.
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It takes time unless you have so much money to promote your business every place on the web. If that’s not the case, then you’ll need to grow these self-employed online jobs slowly into $200k a month (which is $2.4 million dollars in a year). Without further ado, here are 5 best jobs that pay $200k a month online without a degree.
5 Best Jobs that Pay $200k a Month without a Degree.
1. Blogging (not for hobby).
If there’s a business you can build online today to make passive income steadily, it’s blogging. Plus, it’s my favorite business to start online in the 2020s. Blogging is fun if you’re patient and hardworking. It’s not if you don’t appreciate the process.
So if you’re looking for an online job that can make up to $200k a month, blogging is on the list (rocking the first spot). Starting a blog doesn’t cost a lot of money. With just about $100 bucks, your blog is live and running.
The best part about blogging is that you can do it on the side of your full-time job while you slowly grow it to generate enough money for you to quit your job. Another great thing about starting a blog is that there’s no revenue ceiling to how much money you can make.
In the end, you can monetize your blog by whatever methods and make tons of money every month. The most profitable ways to monetize a blog with a lot of traffic include affiliate marketing (by inserting affiliate links into your content using call-to-action buttons), ad networks, and selling your own products.
Before starting a blog, you need to know what your blog is going to be about. What niche would it be? Finding the perfect niche for your blog that’s both profitable and suits your personality is one of the many steps to building a successful blog.
Once you’re done with the niche, that determines the name. Now you can make use of your full name if it’s not already taken. This is advisable because, who knows, you can decide to change your niche in future or focus on something different from what you’ll initially be doing.
Next up, make use of a unique, yet broad blog name so that you’re not glued to producing content around one sphere of topic for life. After getting the niche and domain name right, it’s time to really start blogging.
I cover their entire steps in the blogging guide I wrote a couple of months ago. You can read it here. The guide covers everything from choosing a niche to eventually growing your blog into a 5-figure passive income machine.
So if you’ve not started blogging yet, set up your blog today and start growing it using this free ultra quality guide.
2. Making YouTube videos.
On YouTube, you create lots of video contents and upload them for people to view. The more views you get, the more money you make. This happens after reaching a subscriber count of 1,000. After hitting 1k subs, then you can easily monetize your YouTube channel by applying to join the YouTube partner program and have ads running across your videos.
You want to get more views so that you’re making a lot of money from YouTube. That’s all about the game. More views, more revenue. There are other ways to monetize a YouTube channel. But the traditional way is by YouTube ads.
Other ways to make money with a YouTube channel include affiliate marketing and selling your own products. With affiliate marketing, you recommend products in your videos and leave an affiliate link to a website where viewers can buy them (in the description of your videos).
Alternatively, you can make review videos about products your YouTube channel is plated around. Another idea is to start an affiliate YouTube channel where it’s easy to make videos about products in a particular field or niche or category.
If you’re not a fan of making YouTube videos about particular products, then you can sell your own products to your audience. This would be more challenging especially if you’re not yet an authority in your niche or lack competency.
3. Day trading.
If you’re a daytrader, you’re probably making money and losing it back to the market. However, there’s a way to win and keep winning if you don’t prioritize greed and ignore risk management techniques.
As a daytrader, you want to make sure you’ve gained enough knowledge in the space of trading (crypto, forex, options, etc) so you don’t make gains today only to lose 110% the next day. Day trading can get you to $200k in a month.
To reach this amount quicker as a daytrader, you’ll need to trade with more capital. Maybe having over $200k as a trading capital will make it easy to make an additional $200k+ a month. That’s 100% in a month. It’s more realistic than gunning for 10,000% profit in a month with a trading capital of $2k.
There are a couple of things to work on other than just learning to trade with the best strategies. You need to tame your emotions, master risk management (so that you’re not a pitiful loser at the end of the day), and know when it’s best to trade what markets.
4. Affiliate marketing.
Want the best jobs that pay $200k a month online? Then affiliate marketing is one of them. It’s also one of the best jobs online that you can start right now without having to invest in nothing.
It’s all about recommending products to people and getting paid a commission when they purchase your recommended products. If you want to have a feel of how affiliate marketing works, it’s like sharing an affiliate link from Amazon to your family members and friends.
When they click through your link to buy anything, you start making money off the sales they make. It’s that easy. Just like Amazon affiliate programs, there are tons of companies out there paying affiliate marketers for sales made through their affiliate links.
So the more people you’re able to get to buy stuff on an affiliate merchant website or platform, the more commissions you make. Amazon’s affiliate program is the most common one around. And you can become an Amazon affiliate paying a dime.
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Running an ecommerce business can get you to $200k a month. But here’s how to start it: you need to be a retailer first or acquire your inventory. Before starting an ecommerce business online, you need to make sure you have the products you’ll be selling.
It’s a lot of work especially when you’re not dropshipping or performing any middleman services. This time it’s you and your buyers. So it’s going to be you who does the shipping, and handles customer service.
When I say you, you don’t have to do everything yourself. You can hire a team to handle different activities around the office while you focus on promoting your ecommerce store and partnering with social media influencers to hit more grounds online and drive more traffic to your ecommerce store.
With a steady strategy for growth, it should be easy to dominate your local market first before competing for a global audience. Ecommerce is basically an amplified retailer business. It’s mostly profitable if you want to expand your reach and grow your business rapidly. While selling real products.
But ecommerce doesn’t have to be all about physical products requiring inventory, does it? No it doesn’t. You can also sell digital products on an ecommerce store and make thousands of dollars monthly. Even up to $200k a month.
5 Best Jobs that Pay $200k a Month without a Degree – Final Words.
In summary, you can make $200k working from home online with a blog, a YouTube channel, ecommerce, dropshipping, day trading (which isn’t entirely passive income or can’t guarantee passive income), website flipping, and dropshipping. However, this doesn’t happen in a day. It takes some time for any business to mature.
This natural growth policy also applies to online businesses. The rate at which a business springs up and starts generating outrageous income is dependent on time and the extent of background work invested.