Tag Archives: Money

REINVENT YOURSELF: DISCOVERING NEW METHODS OF EARNING MONEY

While millions of professionals have adapted to working from home via technology, some do not have that option, since their employment are at risk owing to the COVID-19 epidemic.

With no end in sight, making the most of your circumstances and using your skills while in quarantine may enable you to establish an income stream and convert a side hustle into a profession.

IMPROVES EVERY ASPECT OF OUR LIVES

Businesses and people are starting to feel the squeeze as the coronavirus spreads to the four corners of the world. Airlines have actually fallen from the sky, pubs and restaurants have been forced to shut in a number of nations, and actors, barbers, beauty therapists, and personal trainers are just a few of the businesses suffering the most. Entering these new uncertain times is difficult for anybody, but if your income is derived from meeting new people or working in the city, you would be taking needless risks by leaving the home and continuing your operations – and chances are, you would have no clients anyhow. With an increasing number of citizens finding themselves jobless, a record 10 million people have applied for unemployment benefits in the United States, and the situation is similar in other markets such as the United Kingdom, where governments are stepping in to allow businesses to furlough employees in order to avoid job losses.

Apart from the obvious humanitarian difficulties that lie, maybe the most challenging aspect of the COVID-19 situation is the enormous ambiguity. However, rather of waiting for the storm to pass and the world to return to normal, you may adapt to your new circumstances and make the most of a terrible situation. Each of us has unique talents and abilities that may be used by others, and with so many people now at home with an abundance of free time, there are many chances to put on your entrepreneurial hat and earn some money. With the appropriate tools and resources, you can build a career that will last a lifetime.

ADAPTING TO THESE DIFFICULT TIMES

Apart from pharmaceutical companies and grocery shops, it’s difficult to conceive of a sector that hasn’t been impacted by the coronavirus epidemic. Businesses ranging from florists to caterers, fashion boutiques to law firms are experiencing a decline in demand for their goods and services, including Bandsintown LLC, which had over 430,000 upcoming events booked prior to the virus’s spread. Since then, the majority of them have been postponed or canceled, with artists such as Justin Bieber canceling global tours despite massive ticket sales. Rather than concede defeat and wait for the crisis to pass, the brand has teamed with Amazon’s Twitch to allow fans to watch live performances from their favorite musicians for a modest price. At the moment, artists interested in earning money from the site must file an application, but Bandsintown has simplified the process, allowing some bands and musicians to earn money practically overnight.

The business describes the endeavor as a “reorganization” of its product pipeline, enabling musicians to host virtual concerts from the comfort of their own homes and make money in the process. Other celebrities are using sites such as MasterClass, an online education platform where students can access pre-recorded lessons and lectures from professionals in a variety of fields. While MasterClass includes celebrities such as Kelly Wearstler teaching interior design classes, Gordon Ramsay teaching cooking classes, and RuPaul sharing advise on self-expression and authenticity, competing platforms provide comparable possibilities for personal trainers, musicians, and others.

Due to school closures and teacher and key staff shortages in the United States, educational institutions are bringing lectures online with presentations and home-learning exercises to ensure that classes continue as scheduled and that students can complete their diplomas and degrees without undue disruption. And a new generation of companies is emerging that provide one-on-one tutoring to pupils worldwide, hosted by furloughed instructors and marketing customized courses ranging from kindergarten to university-level professionals. The key is innovation and the ability to adapt at breakneck speed to these rapidly changing conditions. In China, for example, food delivery disruptors (such as UberEats) have responded by providing groceries delivery to people in isolation or infected with the coronavirus, thus increasing their market value by billions of yen.

APPLICATION OF SKILLS AND ASSETS

Whether you want to sell your writing, illustrations, artwork, marketing skills, photography, programming, design, books, handicrafts, recipes, coaching, music, clothing, plants, or time, there are so many ways to reinvent yourself and establish yourself as an authority during these trying times by offering your talents for a fee. Whether you share your artwork on Reddit and accept commissions via direct messages, promote your interior design skills on Pinterest and offer virtual appointments via Zoom, or create an App Store app that combines your knowledge with video tutorials and exercises, the possibilities are endless, provided you are motivated and willing to put in some hard work.

Quarantine also provides seasoned professionals and businesses with a chance to put pen to paper and create their own book. Career development and self-help eBooks and paperbacks sell well, and although they may take many months to create and prepare for sale, the return may be tremendous with the proper push. A self-published novelist makes $450,000 per year from Amazon. You could even write an eBook and distribute it for free in return for email addresses, which is ideal for lead creation.

SELECTING THE APPROPRIATE PLATFORMS

After deciding on a talent to sell, the following step is to locate the appropriate platform to market your offering. Naturally, social networking is an excellent place to start, but creating a separate account for your business endeavors makes sense, since it may be off-putting to some if you attempt to sell goods directly to friends and family during these unusual times.

Freelancing with a particular skill set you possess is an excellent method to earn money from home while also participating in the “gig economy.” Fiverr, UpWork, and PeoplePerHour are all excellent places to start, as are Facebook groups for freelancers and virtual assistants, where businesses seek assistance with translation, copywriting, presentation, and graphic design, among other tasks. Determine your talents, establish an hourly fee, and market yourself. The more platforms you are visible on, the more probable it is that you will discover customers and make money from home.

It is critical, however, that you realize the disadvantages of such gig websites. According to Roshan Perera of Freelancer Hacks, Fiverr is “the worst location to start a freelance career” since the site prioritizes quantity over quality, attracts fraudsters, and charges exorbitant rates. For instance, if you offer a tutoring session for $100, Fiverr will charge you $20 and the seller would pay $105 – that’s an extra $25 in income that you might earn if you worked directly with a customer.

If you lack any especially valuable talents, one simple method to earn money from home is to join online survey companies such as Swagbucks and offer your thoughts on products, research subjects, and politics. Most surveys take between five and an hour to complete, and you’ll earn a few bucks for your work. However, surveys paying $50, $100, or more are sometimes available, albeit they usually demand additional participation, such as evaluating a real product or enabling eye-tracking software on your devices. Before you begin, thoroughly understand the terms and conditions of each service, since some pay pennies for your time or have unreachable criteria. Another option is Google Opinion Rewards, which provides Play Store credit in exchange for completing surveys.

Other ways to earn money during the COVID-19 crisis include decluttering your closet and selling unwanted items on sites like eBay and Gazelle, teaching online through a platform like Chegg or TutorMe, where most teachers earn between $15 and $50 per hour, or even venturing outside your home (as long as you follow local government regulations) and joining an app like DoorDash, which delivers food, medicines, and groceries.

In these really extraordinary times, the ability to think creatively about alternative revenue streams is essential, even more so if your career is on the line or you have been laid off. Dare to release your inner creativity, use eLearning sites to develop a skill you’ve always wanted to attempt, discover your hidden skills, and share yourself and your abilities with the world. It may be frightening, and it may not work, but it may launch you on a whole new professional path and provide you with purpose and confidence at a time when they are most needed. Best of luck!