9 min read
This article has been translated from our English edition.
The opinions of the employees of You are personal.
- Take advantage of companies driven by today’s climate.
- Sell your stuff.
- Find a part-time job.
- Offer childcare.
- Share your skills and experiences.
Let’s not gloss over this – the past few months have been devastating. Even if you haven’t personally experienced the tragic loss of a loved one or your business, by then the economy has likely already affected your finances.
As a result, you may have difficulty finding new sources of income. If you are looking for cash inflows to help you until things get better, you’re in luck. There are many ways to make money during this current pandemic.
If you’re one of the lucky ones to get away with it unscathed, you can use the extra money to pay off your debts or put some in an emergency savings account.
1. Leverage companies that are driven by today’s climate
In the early days of the pandemic, smart business owners adapted and switched to new customer needs. For example, breweries and distilleries that sell hand sanitizer, or clothing manufacturers that make masks.
Image: Flavio Gasperini on Unsplash
Unfortunately, the ship could have sailed in some of these new business activities. Case in point: there are many distilleries that now have unsold disinfectant inventory. And the mask market is highly competitive.
However, there are still sought-after businesses that you could start. These include:
- Cleaning services. During the lockdown, this may not have been a viable option. However, as more and more venues reopen, housekeeping services are in great demand.
- Electronic learning. Traditional educational institutions have gone viral. Even if this is not sustained, another 10 million enrollments are expected to take place in India alone by 2021. In addition, the pandemic has revived interest in massively open online courses (MOOCs) and webinars.
- Entertainment. Even before the pandemic, immersive games, virtual reality and dating apps were all on the up. So if you have a fun app idea, there is still room to enter this market.
- Medical and pharmaceutical equipment. The coronavirus has definitely put the spotlight on this industry. However, because of an aging opportunity, you still have the opportunity to start a medical supply or healthcare business.
- Virtual health care. Speaking of health: in 2020, virtual health care has become the focus. In fact, it’s expected to hit $ 344 billion by 2027.
- Logistics. Without a doubt, the outbreak disrupted the supply chain. As such, you may have an opportunity to help solve this problem.
- Contactless technology. Innovations like automatic disinfectants and voice activated technologies have become increasingly popular to prevent the spread of germs.
- Cable transfers. I have been advocating contactless payments such as digital wallets for years. In addition to flexibility and convenience, they are germ-free like bills and coins.
2. Sell your stuff
Even before the breakout, he was in a chaos kick. Why? Well, I was tired of looking for lost items. Also, things on my desk distracted me. And it has improved my decision-making: Fewer clothes in my closet means less choice of what to wear.
Image: Roberto Cortese via Unsplash
Another advantage? He put a little more money in my hands.
For example, I was able to sell old smartphones and tablets on websites like Gazelle and uSell. Even if your electronic equipment is damaged, you can still sell it. And you get paid by check PayPal or gift card Amazon.
If you have clothing that is easily worn, please list your items on Poshmark or thredUP.com. Excess furniture? Go to Chairish. Do you have books or collectibles that are 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? Not quite. However, if you need to make a little extra cash it is definitely worth considering.
Whether with a local grocery store or a national chain, those stores still need people to replenish the shelves. You can even keep a register or deliver items to customers. Regardless of your exact responsibilities, part-time jobs are flexible and a guaranteed way to make money over weeks.
4. Offer childcare
The parents are in a swamp right now. They have to go to work, but their children may still be home. This is where you can save the day by offering babysitting services. The best? You have various options for this.
The first would be to turn your home into a kindergarten. If you do decide to do this, first make sure you are getting the correct insurance and licensing requirements. However, if you only care for a few kids, you may be able to skip this.
Your second option would be to move to another house. For example, they can monitor and teach children while their parents work on the other end of the house. The main benefit of this is that you don’t have to worry about red tape. And that’s a lot easier to keep your social bubble up and running.
5. Share your skills and experience
Are you a litigation expert? I mean accountants, lawyers, mechanics, or even antique appraisers. If so, you could potentially make up to $ 60,000 with JustAnswer.
But don’t worry if you don’t fall into that category. A variety of remote freelance jobs are still available through FlexJobs, Indeed, or PeoplePerHour. Examples of this are customer service representatives, virtual assistants, accountants, graphic designers or IT support. In most cases, you can make anywhere from $ 12 to $ 20 an hour.
6. Running errands for others
If you’re like me you are probably scared of leaving my house these days. You know. Better safe than sorry.
However, you still need essential items like groceries. Then smart people can make money. And in my opinion, if your job as a Lyft or Uber driver has collapsed, it’s a great idea.
Image: Brett Jordan via Unsplash
You can deliver pizza or join a service like DoorDash or InstaCart. They can even offer services like dry cleaning pickup and drop-off or become someone’s personal buyer. If you do it right, you can easily win a few grand every month.
7. Get paid for your opinion
Websites like Survey Junkie, Swagbucks, or Vindale Research pay you to take part in surveys online. They usually only last a few minutes and are incredibly easy to start.
Low? Paying isn’t everything, usually between $ 3 and $ 35 per survey. But for now, any additional income should be accepted.
8. Redeem Reward Points
I’ll be blunt here: if you don’t take advantage of your credit card rewards, you are wasting money. But how can you redeem those rewards amid a global pandemic?
As you probably know, many rewards are related to travel. It can be miles or discounts on hotels and rental cars. Since you don’t travel that much, you likely won’t redeem these rewards. Fortunately, you have alternatives like newspaper subscriptions or identity protection.
I get it. They are not as exciting as your travels. But it’s better than letting it go to waste.
9. Optimize your recurring expenses
You probably have a little more time these days. Use it to your advantage instead of playing with your thumbs or overly watching a television series.
In this case, I mean getting your budget in order. While it’s not exactly a way to make money, it is passive income. Finally, you can see where you are wasting your hard earned money. Doing so will allow you to cancel subscriptions or memberships that are not currently required.
Image: Damir Spanic via Unsplash
10. Invest wisely
You may have doubts whether you are even considering this. I mean the stock market was volatile. But you can still invest safely: Bonds, for example, offer a cushion against stocks. You can also generate an additional source of income. The same goes for CDs and mutual funds. It is currently recommended to avoid long-term borrowing to reduce the risk of inflation loss due to inflation.
You can also invest in stocks. Especially conservative stocks that pay reliable dividends.