Before we answer what is the best work at home business to start in 2020 we need to look at some unique factors about this year. The elephant in the room, of course, is COVID-19 the Corona-Virus. The sheer number of people that have been driven to look for jobs and businesses to start online as well as the total shift from offline to online shopping is unprecedented.
In this shift, there are people from all walks of life in all experience levels losing long time careers. There are people just finishing the collegiate world to find no open doors offline to take these newly learned skills. And the worst part is the uncertainty of how much the average industry might recover when the Global Pandemic meets its cure. One thing is for sure, Billions of people are shopping online for things never thought about before including dry groceries and that’s a trend that may not ease much after COVID-19 fades from recent memory.
This factor alone could be a finishing nail in the coffins of retailers who have not adapted well to the digital shopping age. Shopping online has already brought about the end to many Malls and Outlet stores in the US and with fear, in the back of the mind of another outbreak, many shoppers simply will change their shopping habits.
What Is The Best Work At Home Business In 2020
In my opinion, the most secure industry to be in right now is Affiliate Marketing. The reasoning behind this is that you can take any training or interest and turn the experience you have into informative blogs. With every interest, niche, or passion you will find hundreds or even thousands of products to promote that have affiliate programs.
One of the most traveled affiliate opportunities is Amazon Associates. Affiliates of this major retailer make hundreds of millions of dollars in commissions each year. They sell everything from Auto Parts to Zippo lighters and Toilet Paper. You can buy vitamins and food supplements as well as just about any non-perishable item from a Big-box retailer’s shelves.
Is Amazon the only one of the best work at home businesses?
No, and far from it. There are tens of thousands of affiliate programs and many of them pay a lot better than Amazon on comparable pricing. Many of those companies choose services like Share-A-Sale or Commission Junction to help them find affiliates while many more run in house programs and pay their affiliates a premium for the items sold since they don’t have the overhead of an Affiliate Marketplace.
So What exactly does an affiliate marketer do? They find a need for information and pair it with reviews and comparisons that help people decide what they desire and where to shop. In return, they get paid a commission if the reader clicks their specially coded link and buys the product(s). Some affiliates make $10,000 a month or more doing this.
Things you will need to make the change from the 9-5 working world to Affiliate Marketing.
The biggest single thing you will need is something you are passionate about. Be it the career you have chosen and know a lot about. The Hobby and sports in your life are other options. You need something you could love doing for 10 years or more. Something you can see yourself sharing with others that will become your Niche or area of interest.
- You will need training like that offered through Wealthy Affiliate available in the box above.
- The best start is always with a WordPress Blog, using your own domain name. If you don’t become a member of our recommended program Wealthy Affiliate then you will also need to secure website hosting for your domain name.
- You will begin by learning to set up your website with important things like Privacy and Cookie Policies, and a proper affiliate disclosure statement. These things keep your business legally protected.
- You will need a business license.
- A Personal computer or laptop is also a blessing but some affiliates do fine with the small screen of tablets and phones to get started.
- If you are impaired physically or have problems writing in the English language then Dragon Naturally Speaking may be something to consider. Even people who can not type and can not write the English Language create compelling blogs with Dragon’s help.
- Again, you will need training that makes sense of all the tools and processes of affiliate marketing. You can learn just about everything on YouTube but unless you have a system that puts things in order you will likely fail.
- The other tools you will need are Keyword Research Related like Jaaxy. (note: a Lite Version is included in Wealthy Affiliate Premium Membership)
- A quiet or semi-quiet place to work.
What kind of Personal traits will make me successful in Affiliate Marketing?
Studios go-getters do well. If you set goals and work hard to accomplish them this is for you. People who are willing to learn and willing to take on the role of a teacher also do great though these skills come with experience and training. You need to be someone who is NOT A QUITTER.
It will take 6 months to 2 years to build a substantial income from any business so don’t be fooled by get-rich-quick bull poop. You also can’t do this free realistically, an investment will be needed in training at the least. There is a demand of time. Anyone tells you 3 hours a week works is wrong or a fraud looking for your money, but 3 hours a day can build a part-time income in time.
Above all, you need the love of helping others because a person out to make money seldom gets that personal connection with the readers or builds loyalty. You need to offer honest solutions and products you know will help people and not just throw every possible affiliate link at them. Passion is a must, you need to be evangelical about your niche and love what you are doing.
What Kind of Investment will I need?
Wealthy Affiliate offers some most affordable training online with the benefit of No, Upsell. An upsell is when a seller gives you one piece of the puzzle for a small price and then sells you the rest in different add on packages for increasingly larger prices. I recommend WA because of the one price for everything as well as the quality of information. When I joined 5 years ago I had already been a professional blogger for 11 years and I have learned so much from Kyle Loudon Carson Lim, and Jay Neill since then.
Wealthy Affiliate membership offers a monthly package at $49 a month with a discount to $19 on your first month of premium if you take the special offer within your first 9 days. You can pay by the year like I do which at $495 saves you a whopping $93 off the monthly rate. Included is the Domain Name mentioned Below, a Master Class with Kyle Loudon, and 100 Community Credits.
Above this, you need your own Domain Name $13-$15 a year. When choosing a domain name it is not needed to include your niche or keyword. What works better is short, memorable, and brandable. Tide, for example, doesn’t have the words Laundry Soap in it. Google doesn’t say Search Engine and Facebook is not a book at all.
Advertising is helpful but not required.
Some marketers will prefer to buy some products they review. I suggest a budget of $100 a month if you prefer to do this. It is not required as research done in a thorough manner is often more accurate than personal use because you can get a bad or good product while a million other people have the exact opposite experience.
If you don’t follow our suggestion of WA Premium Membership you will need other training and website hosting.
My Opinions on a Post COVID-19 online business world.
In a Post Corona Virus or COVID-19 world, we will all continue to progress towards shopping online, using online ordering and pick-up or delivery services for groceries, and other shopping needs. The less time in stores and fewer personal contacts will be ever-present in our mind as the best protection against future illness.
Those of us who do online work and work from home will in many cases choose the security of an online economy and stay out of the workforce. Our bosses laid us off, more than 10 Million of us in the United States alone as of this post. They were not able to be counted on so we will increasingly look to replace them Niche like mine in the Make Money Online interest group will be booming for years and even decades to come.
People will get back to a sense of normalcy but it will be a different normal. We will travel again and there will be a lot of focus on building infrastructure but even those industries will seek equipment and tools through online sourcing. Millions of businesses will either open online options of move entirely to the online world opting for options like small warehousing or drop shipping over a storefront filled with purchased merchandise they stand to lose money on.
There will be less need for store clerks and Retail managers. Management will lead to experienced retail consultants but low skill workers will need to learn new jobs. Unemployment will soon include online work options and help people transition to a more digital world. The Webinar will continue to be a powerful tool for affiliates and product owners.
Summary of: What Is The Best Work At Home Business In 2020
Don’t be afraid of the future. For over 80,000,000 people the future is already here working entirely or at least partially from home. Why failure rates are high most failures come from a lack of understanding of key factors in business.
The first is that you must pay your business for up to 2 years before it pays you back and generates a profit. This is the case online or offline.
The second is that people quit when the going gets hard instead of pushing through obstacles. It is too damned easy to make excuses.
The third is the number of people who don’t do research before jumping in on business opportunities. From training to products to promote, and even the niche we choose research needs to be done so get reviews and ask opinions. Not everything is a scam but enough are to do your own research.
Lastly, people want easy and fast and chase unrealistic dreams. They also take no for an answer instead of finding ways to say yes. If you think you have no money to invest think of the things in life you waste money on and then ask do those things pay you and offer the promise of financial freedom?
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