My Monthly Report: How I made money in 2020

As I mentioned in the last month’s report. I am rather lazy in January! Rather than bore you with too many details of my personal life, I thought it would be good to look back over how I made money in 2020.

If you’re new to the site and interested in knowing more about my life then you can at my About Me page. Its been updated recently!

Here are my top earners of 2020 (in highest earning order)

Affiliate Marketing

Affiliate Marketing

By far this is the best way to make money online! If you can buckle down and write a load of content for a several weeks straight then this is for you!

I know for lots of people affiliate marketing can seem really hard. The majority get hung up on what to write about and then never get started. The rest become obsessed with keywords and SEO. Breathe and step away from the computer!

There is no magic forumla

Affiliate marketing really isn’t that hard. Simply pick a topic you either know about or would like to know about and start writing. I have helped so many friends over the past few years set up successful websites that now bring in a sizeable income.

Its been mentioned to me countless times that I should charge a consultancy fee for helping those people effectively get rich! For the moment I’m still too much in my relaxed January state to really give it some serious thought.

If your new to affiliate marketing then check out my how to start affiliate marketing for free guide. The model behind affilate marketing is simple. Companies will pay others to promote and drive sales for them. The most well known one being amazon.

Writing the content really isn’t that hard. I would recommend starting a blog to anyone who isn’t sure if it’s their thing. Since I was used to writing blog posts before I discovered affiliate marketing, I found it much easier to create content.

I found blogging rather therapeutic and creating content isn’t that much different really. I’m always happy to advise and check out other peoples affiliate sites and blogs. Simply leave me a comment below and I’ll check it out.

FYI – My hosting is provided by SiteGround as I find they offer great support and all-round technical help. I also use Jaaxy to ensure my sites are indexed by Google and I’m using keywords to attract traffic.

Matched Betting

make money matched betting

Its been a rather weird year in general. Matched Betting is no exception! I’ve still manage to take advantage of all the free offers the bookmakers have been handing out post pandemic!

Matched betting is another easy way of making money. Its great to dip in and out of too. No schedule or real effort is required. I usually place all my bets during the big horse racing festivals and world cup serie’s.

2020 was much different from previous years and I found myself missing any big events (if they were on). I have mostly made my money through offers or arbing.

I’m pretty good at covering my tracks now with bookmakers (thank you gub bets) so have plenty of active accounts to use.

I’ve begun testing and comparing Oddsmonkey and Profit Accumulator (PA). I have always been loyal to Oddsmonkey but thought I’d also subscribe to PA to see what it’s like. I’ll write a post on it when I’m through testing.

If you haven’t got a clue what I’m talking about or would like to know more about Matched Betting then check out my Matched Betting Section.

If you are still on the fence about Matched Betting then I recommend using a free trial of Matched Betting software before parting with your hard-earned cash. OddsMonkey offer a free trial or you can use the Profit Accumulator free trial to test them out and see which one is the right one for you.

Website Building

Website Flipping

This one was a real curve ball! I sctually got paid for the website venture that presenteed itself to me a few months back! I’m still stunned to be honest. We had agreed not to give me financial payment since I’m not a website designer.

Whilst I really enjoy letting my creative juices run wild, I’m not by any means a “professional”

The website has done really well with Christmas and she sold over 4,300 items! Thats all down to the items she makes being equisite.

I was finacially compensated however to the tune of a few grand! Not bad for a few months work. I’d like to point out that it wasn’t just the website I designed, there were also numerous newsletter templates, SEO’d articles for the site and basically being oncall for any emergencies.

This was a really interesting and enjoyable experience that I’m glad I was part of.

Investing

make money from investments

Investing hasn’t brought in any real money to shout about yet but I thought it was worth a brief mention. If you remember in September 2020 I mentioned about starting to invest in stocks and shares.

Better late than never? I hope so. Thanks to the amazing earnings year I’ve had last year, I’ve managed to max out my allowance. Plus I already have enough to max out next years! I’m looking forward to seeing some return but I know I have a while to go yet.

Reselling

make money reselling

A few hundred pounds were made last years by selling my family’s old stuff. Since I have several children (3 in fact!) most of the toys and clothes are passed down. Its not really a money thing anymore. I hate the thought of wasting them or them ending up in the bin.

I’ve been selling old toys and clothes that no longer fit any of them. The house is decluttered and I have come to an important decision for this coming year. I am now going to start donating all our unused toys and clothes.

Reselling our old things isn’t really needed as an income stream anymore. I’d rather give these items to those in need.

Bring on 2021

2021 is going to be really exciting for me. I am more than stable financially and have achieved so much to get here. I’m looking forward to starting new projects and looking for my next adventure. How was your online earning in 2020? I’d love to hear.

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