Since the coronavirus pandemic has negatively affected the job market, people have been left with little option but to get creative in order to find ways to earn a living. It’s a fact that the covid-19 relief money and successful vaccine rollout within the country has helped alleviate some of the financial burden on you and your family. However, it doesn’t provide a sustained way of paying for your bills. The good news is that there are plenty of ways to go about making money post-coronavirus, as long as you’re prepared for some hard work!
Below, I’ve narrowed down my favorite money making methods to 6 different side hustles and explained what you need to do to become successful. I hope you find it useful.
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If you’re a writer, this is the perfect way for you to earn a living. Like all other forms of business, it may be competitive but there’s nothing better than having your very own blog through which you can write whatever you want and as much as you want. There are lots of different ways of monetizing your blog and one method is by selling ad space on your website or through AdSense on a Google blog. It’s not the most profitable way to make money but it’s one that doesn’t require any additional work from you. You can also take advantage of affiliate marketing by identifying popular products that will match with your audience and earning money when readers buy them through your links.
The good thing about blogging is that it can be done from anywhere, including your own home. You aren’t required to work a certain number of hours like you are in other jobs. Instead, you can earn money as you go along and even make some form of income with only a few minutes spent on your blog each day. There is also the option of writing guest posts on other blogs with the intention of building up your traffic and ranking on Google.
2. Stock Market Trading
Another way to make money is to invest in the stock market. Some people find it boring while others enjoy it tremendously. Either way, if you’re looking for a few extra bucks, then you can start investing in stocks or shares. There are many different ways of trading but the basic principle still remains the same as in any other field; buy low and sell high!
Before you begin trading, however, there are a few things that every trader needs to consider beforehand. The first of these is to know your financial situation and know what you can afford to lose or risk. This allows you to become more realistic with how much money you spend on your investments. It also helps you to decide the kinds of investments that you would be most comfortable with. You also need to ensure you have access to a computer or at least a smartphone and access to the internet. This is where most, if not all, trading is done nowadays. It’s convenient and as it only takes a few minutes here and there, it doesn’t take away from your day.
3. Working for an Online Retailer
To boost sales, many traditional businesses have moved online and this has resulted in more job opportunities for those who are looking for ways to earn extra cash post coronavirus. Most online retailers are looking for people who are willing to work from their own homes and would like to hire you on a part time or freelance basis. They will provide you with the tools you need to do the job and all your work will be done from home.
Freelancing won’t earn you as much as salary can but it is a great way for those without the means to take a few extra dollars. If you’re not sure how to start and want tips on how to make money freelancing in your spare time, then read this article.
4. Online Tutoring
Tutoring is becoming more common these days. To work as a tutor, you simply need to have some marketable skills. If there’s anything that you’re an expert in, then you can always offer your services to others. There are many sites that provide tutoring assignments and all you need to do is apply for the jobs posted on them. In most cases, these assignments will be quite easy as they will require no more than an hour or two of your time. This way, it doesn’t take away from your other responsibilities. Technically, your job with the clients will be entirely online but it’s enough to know that there will be less stress on your mind as you won’t need to worry about transportation costs or annoying colleagues.
5. Online Surveys
There are many sites online that offer rewards in exchange for completing surveys. While not all of them pay very much, they are a great way to make a few extra bucks.
The main sites for earning money doing paid surveys include:
There are many other sites too, so you can always choose one that suits you best.
One of the last ways that people are finding to raise cash nowadays is by mining. You can either mine Bitcoin, Litecoin or other similar cryptocurrencies that are more profitable than others.
To start mining, all you need to have is a computer and an internet connection. If you don’t have a computer, you can always invest in one to start mining with. Your first expense will be a graphic card, which will help you mine Bitcoins at a higher speed without suffering from the problem of ‘share the coin.’ The graphics card needs to be of an efficient enough specification. It shouldn’t be too powerful as this would result in increased energy consumption and thus lower profits. Once you have all your equipment ready, all you need to do is turn on your computer and begin mining. Your computer will then begin retrieving hashes from the Bitcoin network whenever it has finished performing calculations. Different machines may take different lengths of time to complete, but they will all be profitable as long as you are able to fund the cost of electricity.
With the above list of categories and ideas, it should be easier for you to at least find one that you can start with and build up from there. Keep in mind that some methods of making money will require more work than others. It’s up to you to decide which ones you’re willing to commit to.
Also, remember that some of these methods may need money or investment. Investing your own funds in something will always require more work and be more risky than just working for someone else. For example, if you have the means, starting your own business will require a lot more time and commitment on your part compared to writing a blog or online surveys. However, it’s important not to look at money as an end result but rather as a means through which you can purchase something that you want.
With online business, all you need is the desire and motivation to make it work. As long as you believe that you can do it, nothing can stop you. In the end, earning extra money will give you a new sense of freedom and therefore more motivation to pursue your online businesses further.