‘New Normal’, this is the term most of us have become used to by now. The world has changed before our eyes since the start of the Covid-19 pandemic as millions of people have been forced out of employment. Restrictions on movement and travel have become the order of the day as we are still coming to terms with this virus.
Though vaccinations have shown some positive signs it is still long way to go form us to enjoy freedom, employment and fun like before.
You may be among the millions to have lost your regular employment or having to do with reduced income. Graduates and those who were knocking at the doors of employment have been equally hit as hiring has also frozen in most industries. If you are stuck at home there are two questions that would bother you the most – how do I start making money and how do I start saving money.
The good news is there are plenty of ways in which you can make use of your time at home. I am Grant Wydeven a young investor and passion for exploring alternative means of employment. Let me share 10 ways in which you can start making money in this pandemic affected world –
Start Saving Money
It is famously said “money saved is money earned” and it’s time for you to put this to practice. All of us lived a different life in the pre-pandemic era. As they say tough times call for tough measures, you should turn your attention towards saving money.
List out your weekly expenses and separate your necessities from luxury expenditures. You will clearly see the opportunity you have in saving money every week. This would also help in reducing your credit card dues and keep you prepared for more uncertainties in the future.
Schools and other educational institutions have moved towards virtual classrooms. Though the idea sounds great and disruptive, students are having a tough time in learning their lessons and overcoming their doubts. With many parents busy working from home, the demand for online tutors has touched the sky. If you have expertise in any subject you can put this skill to good use and start earning money.
If you can take phone calls, schedule interviews and reply to emails you have the right skills to become a virtual assistant. As executives work from home the demand for virtual assistants has seen a steep rise. You can work for the number of hours you want and start making money handsomely doing so.
Online job marketplaces such as Upwork, 24/7 Virtual Assistants and Virtalent have lots of such offers and you can try your hand at this.
You may have never given through to becoming an investor but it is the best time to be one. Cryptocurrencies are rising astronomically and you can start investing in them or enter the traditional stock markets or Mutual Funds. This would not only help generate regular income but also help you in saving money for the future.
From unused gadgets to clothes that you hardly wear and books to CDs and DVDs we all have lots of things lying around at home that we hardly use or need. Surprisingly all these still have value in the market and you can try your hand at monetizing these unused or underused assets.
This is one of the easiest ways of making money and you can easily sell them on eBay or other online marketplaces. This not only would help you in making money but also saving money from your reduced income in the future.
Though retail shopping has taken a hit, ecommerce has seen sales skyrocket since the start of the pandemic as most people prefer to shop sitting in the comfort of their homes. This presents a great opportunity for you to get into affiliate marketing. You can promote products sold on Amazon or other ecommerce players on your blog, social media handles or your YouTube channel and earn healthy compensation on these sales.
If you are good at something you should start sharing it with the world. It can be anything from your culinary skills or repair skills and you have the right pitch for a YouTube channel. The learning curve in this is steep and you may have to struggle for few months. But if you can be regular with uploading new videos and create stuff that people like to see, you have your recipe for success.
Start Your Blog
Have you ever thought of starting your own blog? It’s the perfect time to share your experiences or write on topics that people want to read. With people spending hours at home blog readership and time spent on the Internet has grown in the last year or so. If you can write captivating pieces you will be able to generate revenue through ads. It takes time to generate traffic and readership on a blog but once you put in the hard work you will enjoy the dividends for years to come.
If you don’t want to put in hours to the job and want something that can help you with your utility bills taking surveys would be a great idea. There are dozens of survey platforms that pay you to take surveys. YouGov, Prolific, Swagbucks and others can pay you anything between $0.05 and $5 for taking a survey.
Yes, business do get paid reviews written for their products and services and writing them is a lucrative business. You will come across dozens of such opportunities where business would pay you to write good reviews about their products. These jobs are well paying if you have good follower base on your social media handles.
Try one of these ideas and you would get started with making money sitting at your home. Remember working from home may become the normal in many industries in the near future and this is your best opportunity to pick up new skills or polish your existing skills and make the most out of your life.
In this write-up we look at 10 ways of making money sitting at home during this covid-19 pandemic and also some of the ways in which you can start saving money.