Don’t let it sugarcoat-it has been devastating in recent months. Even if you haven’t personally experienced a tragic loss of a loved one or your business, the economy at this point has probably already affected your finances. As a result, you may have difficulty finding new sources of income. If you’re looking for cash inflows to help you until things get better, you’re in luck. There are many ways to make money online during this current pandemic.
If you are one of the lucky ones who got out of this unscathed, you can use the extra money to pay off your debt or put some in an emergency savings account.
1. Take Advantage of Businesses Driven by Today’s Climate
During the early days of the pandemic, smart business owners adapted and rotated to meet new customer demands. For example, breweries and distilleries that sell hand sanitizers or clothing manufacturers that produce masks.
Unfortunately, the ship could have sailed in some of these new business ventures. Case in point: There are many distilleries that now have an unsold sanitizer inventory. And the mask market has become wildly competitive.
However, there are still businesses in demand that you could launch. These include:
- Cleaning services: During the lockdown, this might not have been a viable option. However, as more venues reopen, the cleaning service is in high demand.
- Electronic learning. Traditional institutions of education have become viral. In fact, even if it is not sustained, there will be an additional 10 million enrollments in India alone by 2021. Additionally, the pandemic has also rekindled interest in Massively Open Online Courses (MOOCs) and webinars.
- Entertainment: Even before the pandemic, immersive games, virtual reality, and dating apps were trending upward. So if you have an entertaining app idea, there is still room for you to enter this market.
- Medical and pharmaceutical devices: The coronavirus definitely put the spotlight on this industry. But, due to an aging opportunity, there is still a chance for you to start a medical supply or healthcare business.
- Virtual healthcare: In 2020, virtual health care is at the forefront and the center of our attention. In fact, it is expected to reach $344 billion by 2027.
- Logistics: Without a doubt, the outbreak has disrupted the supply chain. As such, you might have the opportunity to help solve this problem.
- Non-contact technology: Innovations such as automatic sanitizers and voice-activated technologies have become increasingly popular to prevent the spread of germs.
- Wire transfers: For years, I have been championing contactless payments like digital wallets. In addition to flexibility and convenience, they are germ-free like bills and coins.
Read more: How to Make Money Blogging in 2021
2. Sell Online to Make Money Online
Even before the outbreak, he was in a mess kick. Why? Well, I was sick of looking for lost items. Also, things on my desk were distracting me. And it has improved my decision-making: fewer clothes in my closet means fewer choices about what to wear.
Another benefit? He has put some extra money in my hands.
For example, I have been able to sell old smartphones and tablets on sites like Gazelle and uSell. Even if your electronic devices are damaged, you can still sell them. And you will be paid by check, PayPal, or Amazon gift card.
If you have clothes that are slightly worn, please list your items on Poshmark or thredUP.com. Excess furniture? Head over to Chairish. Do you have books or collectibles gathering dust? Sell them on BookScouter.com or old eBay.
3. Find a part-time job
Is this the most glamorous way to make money online? Not quite. However, if you need to earn some extra money, it is definitely worth considering.
Whether with a local grocery store or a national chain, these stores still need people to restock the shelves. You can even run a register or deliver items to customers. Regardless of what your exact responsibilities are, part-time jobs are flexible and a guaranteed way to earn money for weeks to come.
4. Offer childcare services
Parents are in a quagmire right now. You must go to work, but your kids may still be at home. That’s where you can come in and save the day by providing babysitting services. Best of all? You have a couple of different options for doing this.
The first would be to turn your home into a nursery. If you decide to do this, make sure you get the proper insurance and licensing requirements first. But, if you’re only taking care of a couple of kids, you may be able to skip this.
Your second option would be to go to someone else’s house. For example, you could monitor and tutor children while their parents work on the other end of the house. The main advantage of this is that you don’t have to worry about bureaucracy. Your social bubble is much easier to preserve.
5. Share your skills and experience
Are you a lawsuit expert? I mean accountants, lawyers, mechanics, or even antique appraisers. If so, you can potentially earn up to $60,000 on JustAnswer.
But don’t worry if you don’t fall into that category. There is still a wide range of remote freelance jobs available through FlexJobs, Indeed, or PeoplePerHour. Examples include customer service agents, virtual assistants, accountants, graphic designers, or IT support. In most cases, you can earn between $12 and $20 an hour.
6. Run errands for others
If you’re like me, you probably dread leaving the house these days. You know. Better safe than sorry.
However, you still need essential items like food. That’s when smart people can make money. And in my opinion, it’s a great idea if your job as a Lyft or Uber driver has slumped.
You can deliver pizza or join a service like DoorDash or InstaCart. You might even offer services like dry cleaning pick-up and drop-off or become someone’s personal shopper. If you do it right, you can easily win a couple of grand each month.
7. Get paid for your opinions
Sites like Survey Junkie, Swagbucks, or Vindale Research pay you to take surveys online. They usually only take a couple of minutes to complete and are incredibly easy to get started.
Low? The payment is not all of that, usually between $ 3 and $ 35 per survey. But, right now, any additional income should be accepted.
8. Redeem reward points
I’m going to be blunt here: if you’re not taking advantage of your credit card rewards, then you’re wasting money. But how can you redeem these rewards amid a global pandemic?
As you probably know, many rewards are related to travel. It can be miles or discounts on hotels and car rentals. Since you don’t travel that much, you’re probably not redeeming these rewards. Fortunately, you have alternatives like newspaper subscriptions or identity protection.
I get it. They are not as exciting as your travels. However, it is better than letting them waste.
9. Optimize your recurring expenses
These days you’ve probably got some extra time on your hands. Instead of fiddling with your thumbs or watching a television series excessively, use it to your advantage.
In this case, I mean getting your budget in order. While it is not exactly a way to make money, it is passive income. After all, you can see where you are wasting your hard-earned money. When you do, you can cancel subscriptions or memberships that are not currently required.
10. Invest wisely
You may have doubts about even considering this. I mean the stock market has been volatile. But you can still invest safely: Bonds, for example, provide a cushion against stocks. You can also generate an additional income stream. The same is true for CDs and mutual funds. Currently, it is recommended that you avoid long-term bonds to reduce the risk of losing money due to inflation.
Investment in stock can also be done. Conservative inventories paying reliable dividends in particular.